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Okonjo-Iweala, Mo Abudu make Forbes 100 most powerful women list

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File photo of Director-General of the WTO, Ngozi Okonjo-Iweala and Ebonylife CEO, Mo Abudu

Director-General of the World Trade Organisation( WTO), Ngozi Okonjo-Iweala, and media entrepreneur, Mo Abudu, have been listed by Forbes as one of the 100 most powerful women in the world.

The 2021 list is a definitive survey of foremost CEOs and iconic entrepreneurs, pioneer philanthropists, and policymakers who are solving society’s most intractable problems.

Top of the list is philanthropist, author, and ex-wife of Amazon CEO, MacKenzie Scott, with a net worth of US$62.2 billion, owing to a 4% stake in the company.

Okonjo-Iweala, who became the first female boss of the WTO, was ranked 91st on the list for her policies in pushing trade to lift developing countries out of poverty and actualisation of a sustainable development plan.

According to Forbes, Mo Abudu placed 98th for her “deal with Netflix which marked the first time an African media company signed a multi-title film and TV agreement with the streaming giant.”

Also representing the African continent was Tanzania’s sixth president and first-ever female leader, Samia Suluhu Hassan.

Abudu took to her social media accounts to express her gratitude for the inclusion among other pioneers on the list.

“I’m humbled and deeply grateful to be amongst some of the world’s most amazing women, including MacKenzie Scott (no. 1), a novelist, philanthropist, and the third-wealthiest woman in the USA, and Christine Lagarde (no. 3), President of the European Central Bank,” she said.

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She also recognised her African female counterparts saying: “Women of colour on the list include US Vice-President Kamala Harris (no. 2,) and Oprah Winfrey, making her umpteenth appearance on this list.”

“There are only three African women on the list: Ngozi Okonjo-Iweala, Director-General of the WTO (no. 91), Samia Suluhu Hassan, the current President of Tanzania (no. 94).”

 

American singers, Rihanna and Beyonce Knowles ranked 68th and 76th respectively on the list, while tennis superstar Serena was not left out of the list placing 85th.

The list features 40 CEOs, the most since 2015, who oversee a record $3.3 trillion in revenue.

 

 

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May Day: ASUU urges Tinubu, governors to prioritise Nigerian workers’ welfare

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...workers worse hit by worsening economic situation

The Chairman of the Academic Staff Union of Universities (ASUU), University of Ibadan Chapter, Professor Ayoola Akinwole, has implored President Bola Ahmed Tinubu and state governors to make the welfare and working conditions of Nigerian workers a top priority.

Speaking on Tuesday, Professor Akinwole emphasised the dire impact of Nigeria’s socio-economic challenges, particularly exacerbated by the recent fuel subsidy removal backlash and ongoing fuel scarcity, on the working class and their families.

In a statement released to commemorate the 2024 May Day celebration, Akinwole underscored the invaluable contributions of Nigerian workers to the nation’s development, despite enduring undervaluation and inadequate compensation from both government and private sectors.

“Nigerians, particularly the working class, are celebrating 2024 Workers’ day experiencing fuel scarcity,” lamented Professor Akinwole.

“Workers who are poorly paid will still have to pay hiked transportation fare. The inflation in Nigeria is killing, and many are getting malnourished as the cost of food items have skyrocketed.”

He highlighted the disillusionment stemming from unfulfilled promises by federal and state governments to improve wages and working conditions, condemning the stark disparity between government officials’ wealth accumulation and workers’ impoverishment.

Expressing gratitude to Nigerian security forces for their service, Professor Akinwole urged President Tinubu to ensure special welfare provisions for families of those who have lost their lives defending the nation.

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He emphasised that just as education is vital, the welfare of security agencies should be of utmost concern to the president.

Also, Professor Akinwole called upon the President to finalise agreements with ASUU and enhance working conditions for intellectuals in Nigeria, warning of a brain drain if lecturers continue to face inadequate compensation and poor working environments.

“If this trend persists, Nigeria will lose the talent needed to develop the education sector, while those lacking skills will secure employment with little to contribute,” cautioned Akinwole.

He urged the president to address this disparity and collaborate with ASUU to establish a living wage and improved conditions for public university lecturers, recognising them as essential patriots deserving of special consideration.

 

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Court halts Multichoice Nigeria’s tariff increase on DStv, GOtv

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The Competition and Consumer Protection Tribunal (CCPT) in Abuja has issued a restraining order against MultiChoice Nigeria Limited, preventing the company from implementing its planned tariff increase and adjustments to the cost of products and services scheduled to commence on May 1.

Presiding over the three-member tribunal, Saratu Shafii, granted the interim order on Monday, in response to an ex-parte motion presented by Ejiro Awaritoma, legal counsel representing the applicant, Festus Onifade.

In her ruling, Shafii directed MultiChoice to refrain from proceeding with the impending price hike set to take effect from May 1 until the hearing and determination of the motion on notice before the tribunal.

Also, she mandated all involved parties to appear before the tribunal on May 7 at 10 a.m. for further proceedings regarding the motion on notice.

The petitioner, Festus Onifade, filed a lawsuit against MultiChoice Nigeria Ltd and the Federal Competition and Consumer Protection Commission (FCCPC), seeking two specific orders.

These orders include an interim injunction restraining MultiChoice from implementing the impending price increase and any actions that could negatively impact the rights of the claimant and other consumers, pending the determination of the motion on notice.

MultiChoice Nigeria Ltd had previously raised the prices of all its packages on April 1, 2022, prompting legal action from concerned parties.

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Kogi Assembly Urges EFCC to Remove ‘Wanted’ Tag on Ex- Gov. Yahaya Bello

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In a recent session of the Kogi State House of Assembly, members passed a resolution urging the Economic and Financial Crimes Commission (EFCC) to remove the ‘wanted’ tag placed on the immediate past Governor of the state, Yahaya Bello.

The resolution was reached during plenary on Tuesday, following a presentation by Jibrin Abu, the representative of Ajaokuta State Constituency.

Abu brought forth a motion titled, ‘A call to end all false, frivolous, fictitious, and far from the truth smear campaign against the former Governor of Kogi State, Alhaji Yahaya Bello.’

Abu alleged that the anti-graft agency had been engaging in a witch-hunt against Bello, stating, “Kogi State, by allocation standard, is not rich so much so that N80.4b will be missing that the State will not be shaken to its foundation. This claim by the EFCC should be sanctioned and taken as laughable. Innocent Nigerians and Kogi State citizens that bought into the lies should by their personal volition withdraw their support.”

Former Deputy Speaker of the House, Enema Paul, echoed Abu’s sentiments, urging the EFCC to uphold the rule of law.

In his ruling, Speaker Aliyu Yusuf emphasized the importance of the EFCC operating within the boundaries of the law.

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He stated, “This House is not against the EFCC doing their job but they should do it within the ambit of the law and not in a Gestapo way. The country belongs to all of us, so we must respect the law and work with it.”

 

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