Daud Olatunji In a groundbreaking development for the South West region of Nigeria, the inaugural Islamic microfinance bank, Hayat Trust Non-Interest Microfinance Bank, was officially launched on Wednesday, in Ijebu-Ode, Ogun State. Owned by the Al Hayat Relief Foundation, boasting of a robust membership of over 20,000, the institution stands as a beacon of financial inclusion and integrity. Dr. Asif Olatunbosun Azeez, the President of the foundation, highlighted the remarkable achievements of the bank during its transformative journey to becoming a tier 2 full-fledged Islamic Microfinance Bank. With a decade of operation under its belt, the institution has admirably…
Author: Platform Times Newspaper
In a recent development, Otunba Adedokun Ajidagba, the newly appointed Olori-Ebi of Fusengbuwa ruling house in Ijebu-Ode, has issued a stern warning to Otunba Abdul Lateef Owoyemi, the former family head, threatening to pursue a contempt charge if Owoyemi continues to present himself as the family head. Addressing journalists in Ijebu-Ode on Wednesday, Ajidagba, who heads the heir apparent to the Awujale Stool, emphasised that the Ogun State High Court had already settled the matter by dismissing the case filed by Owoyemi. The case, initiated in 2014, involved a dispute over the rightful Olori-Ebi position within the Fusengbuwa ruling house.…
… First Islamic Microfinance Bank In South West Commissioned Daud Olatunji A Professor of Insurance and Risk Management at the University of Lagos (UNILAG), Tajudeen Olalekan Yusuf, has called for the need for diverse financial approaches aligned with the Sustainable Development Goals (SDGs). The expert in Insurance shared a visionary perspective on financial inclusion, pointing out that the conventional system’s features hinder financial inclusion, whereas non-interest finance embraces diversity, serving as a viable alternative. Speaking as a guest lecturer at the Commissioning of Hayat Trust Non-Interest Microfinance Bank held in Ijebu-Ode,Prof. Tajudeen Yusuf of the University of Lagos, highlighted the…
In a significant loss for the community, the Olu of Igbogila land in Yewa North Local Government Area of Ogun State, Oba Ebenezer Osingade Olanloye, has peacefully joined his ancestors at the age of 96 years. The announcement of the revered monarch’s passing was made by the Erelu of Igbogila land, High Chief (Mrs) Margaret Olutayo Olaotan, in a statement released on Wednesday. The statement, issued on behalf of both the Igbogila Traditional Council and Council of Chiefs, revealed that Oba Ebenezer Olanloye breathed his last on Saturday, 2nd of March, 2024. “We invite the general public to join us…
In a compelling address at the 2023 Obafemi Awolowo Prize for Leadership in Lagos, Dr. Akinwumi Adesina, President of the African Development Bank, emphasized that the future of Nigerian youth is not abroad but within the borders of Nigeria. Adesina received the prestigious 2023 Obafemi Awolowo Prize for Leadership Award during the event attended by former heads of state, state governors, royal figures, and other distinguished Nigerians. Expressing concern about the trend of Nigerian youths migrating to other countries, Adesina urged the nation to transform itself into a thriving environment rather than one to escape from. He rejected the notion…
In a shocking revelation, Lagos-based lawyer Timothy Olamide Olaniyi has come forward with claims of being subjected to a brutal beating akin to a “condemned criminal” during a visit to the Lagos State Police Command in Ikeja. Olamide had gone to the police station regarding a case that had been ongoing for a month, representing his colleague in the matter. Olamide, recounting the incident on his X profile (@Timo_Olamide), described the beating as “merciless,” expressing disbelief at the treatment he received while simply seeking information about a client’s arrest. He highlighted that, during his visit, a police officer warned him…
Supreme Council for Shari’a in Nigeria has called on the Federal Government to create community feeding centres for the vulnerable during the forthcoming month of Ramadan. President of the council, Sheikh Abdulrrasheed Hadiytullah, made the call in an interview with the News Agency of Nigeria (NAN) on Wednesday in Abuja. Hadiytullah also urged clerics to use their respective podiums during Ramadan to advocate for the establishment of an expansive social safety net to provide immediate relief to the poor. “In this regard, we appeal to the Federal and State Governments to provide immediate relief and succour to the multitude of…
UNICEF’s Bauchi Field officer, Tushar Rane, addressed the media on Wednesday during a special dialogue commemorating the 2024 International Women’s Day, shedding light on the ongoing threat of sexual violence faced by adolescent girls in developing countries. Rane revealed a startling statistic, stating that one in seven girls in these countries is married before reaching the age of 15. Despite these challenges, he emphasized the transformative impact that investing in the health, rights, and overall well-being of adolescent girls can have on entire nations. “Nearly half of adolescent girls in UNICEF program countries suffer from anaemia and a lack of…
In a compelling and heart-wrenching account, Simon Faleye, the Personal Assistant to the late Herbert Wigwe, shares the extraordinary circumstances that spared him from the fatal helicopter crash that claimed the lives of his boss, Wigwe, his wife, son, and business associate, Abimbola Ogunbajo. The focus of this story revolves around Faleye’s pivotal decision regarding luggage, a choice that ultimately changed the course of his destiny. Speaking at the Night of Tributes on Wednesday night, Faleye began by expressing his grief and offering heartfelt eulogies for Wigwe. He then delved into the critical moment when his life took an unexpected…
Justice Mary Peter Odili (retd), Chair of the Body of Benchers, issued a stern caution to lawyers on Wednesday, advising against addressing the media post-court proceedings, deeming the action unethical. This admonition came during the second day of the Call to Bar Ceremony, where 4,412 new lawyers were inducted in Abuja. Justice Odili, a retired Supreme Court justice, revealed the formation of a committee dedicated to addressing the concerning issue of conflicting court judgments nationwide. Impelling the newly sworn-in lawyers to exemplify the highest professional ethics, Justice Odili stressed the importance of honorable behavior at all times. She further emphasized…