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Tantalizers Pursues Expansion, opens new outlet in Ikare Akoko

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Tantalizers, one of the leading brands in the nation’s Quick Service Restaurant
sector, says its expansion program is fully on course as many towns in the country
have been identified for new restaurant locations soon.
In pursuance of this business resolve, Tantalizers has opened a new outlet in Ikare
Akoko, Ondo State, bringing the brand’s number of outlets to over 60 across the
country.
While speaking during the official opening of the new outlet located within the
Forte Oil Filling Station Complex along Ikare-Arigidi-Akoko road, Deputy Managing
Director of Tantalizers Plc, Mr. Gbolahan Labinjo, encouraged Nigerians to be a
part of the brand’s growing franchise program. He said the new outlet was
opened in response to the desires of consumers in Ikare Akoko and environs for a
qualitative QSR outlet that would serve and excite consumers in the entire Akoko
area of Ondo state including Akungba, Oba and Arigidi.
Mr. Labinjo further stated that the new outlet would offer all Tantalizers product
offerings including popular local favourites.
Tantalizers, a wholly indigenous QSR company is the only quoted company in its
category on the Nigerian Stock Exchange and presently has over 60 outlets in the
country.
The QSR is a one-stop restaurant brand that offers a wide variety of products and
services including ‘local favourites’ which are the meals of the locality where each
restaurant is located.

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Olam Agri and GIZ Sign MoU to Scale Up Sustainable Development in Global Agriculture and Food

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Olam Agri and GIZ Sign MoU to Scale Up Sustainable Development in Global Agriculture and Food

 

Singapore, January 20, 2025 – Olam Agri, a market leading food, feed, and fibre agri-business, has signed a Memorandum of Understanding (MoU) with German development agency Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH to scale up sustainable development in the global agri-food sector. The MoU provides a framework that will facilitate collaboration between the two partners across staple agriculture supply chains that include rice, cotton, and rubber in developing markets in Asia, Africa, and Latin America. This extends and deepens the long-standing partnership that GIZ and Olam Agri have shared over the past 15 years helping smallholder farmers become more productive, profitable, and sustainable.

 

Three key objectives of the MoU are to support sustainable food production at a range of scales towards climate adaptation while protecting and preserving soil health, biodiversity, and water resources; to improve the livelihoods of smallholder farmers and providing them with access to key services and inclusive opportunities; and establishing sustainability and traceability across agriculture supply chains. This is aligned with Olam Agri’s purpose to transform food and agriculture for a more sustainable and food-secure future.

 

For joint projects, GIZ and Olam Agri have identified six priority intervention areas: nutrition-sensitive regenerative agriculture; harvest and post-harvest loss reduction; access to finance for smallholders; economic inclusion and rights; management of crop residues and reuse; and ecosystem services, including protection and restoration of ecosystems and carbon initiatives. Both partners will continue to identify topics relevant across value chains and regions to drive innovation and scaling, with possible cross-sectoral issues including climate and carbon credits, landscape-scale approaches, and digitisation.

 

Sunny Verghese, Co-Founder & Group CEO of Olam Agri, said: “We’ve shared a strong and fruitful relationship with GIZ over the years during which we’ve made significant inroads in transforming smallholder farming in several supply chains across many geographies to be more productive, profitable, and sustainable. I am thrilled to be signing this MoU with such a valuable partner that is GIZ and commit to collaborate even further to scale up our sustainability programmes in developing and emerging agriculture economies.”

 

Anna Sophie Herken, Managing Director at GIZ said: “The signing of this MoU with Olam Agri marks a pivotal step forward in our collaborative efforts towards sustainable food production. I am very happy and grateful that we can deepen and broaden our cooperation efforts simultaneously. We look forward to enhancing the scope and impact of our successful projects in climate-smart farming.”

 

The MoU builds upon years of successful cooperation between the two organisations since 2008. Starting in Africa, the partnership has expanded through several key initiatives. In the rice supply chain, for example, the progress the partnership has made with the founding of the Sustainable Rice Platform (SRP) in 2011 has led to positive transformation of the sector by advancing sustainable rice cultivation. Through climate-smart methods and technologies, sustainable rice cultivation reduces usage of water and fertilisers, and consequently significantly reduces the emission of methane, a greenhouse gas contributing to global warming. Under the joint efforts of GIZ and Olam Agri, the Market Oriented Smallholder Value Chain (MSVC) rice project in Southeast Asia has improved the livelihoods of more than 28,000 smallholder farmers and their families in four years, raising their incomes by 20 per cent while reducing their ecological impact. GIZ and Olam Agri continue to engage smallholder rice farmers in Southeast Asia in large scale projects and currently also cooperate in a regional sustainable cotton project in Togo, Côte d’Ivoire, and Chad, and in sustainable natural rubber in Côte d’Ivoire and Indonesia.

Olam Agri and GIZ Sign MoU to Scale Up Sustainable Development in Global Agriculture and Food

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Shocking Fraud: Nigerian CEO and Companies Sanctioned by World Bank

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Shocking Fraud: Nigerian CEO and Companies Sanctioned by World Bank"

World Bank Debars Nigerian Companies Over Corruption in Social Safety Net Project

By femi oyewale

 

The World Bank Group has announced the 30-month debarment of two Nigerian companies, Viva Atlantic Limited and Technology House Limited, along with their Managing Director and CEO, Mr. Norman Didam, for engaging in fraudulent, collusive, and corrupt practices linked to the National Social Safety Nets Project in Nigeria.

In a statement released on Monday, the World Bank detailed unethical actions during the 2018 procurement and contract processes for the project, which was designed to provide financial assistance to poor and vulnerable households.

“The World Bank Group today announced the 30-month debarment of two Nigeria-based companies—Viva Atlantic Limited and Technology House Limited—and their Managing Director and Chief Executive Officer Mr. Norman Bwuruk Didam. The debarment is in connection with fraudulent, collusive, and corrupt practices as part of the National Social Safety Nets Project in Nigeria,” the statement read.

Allegations and Findings

According to the World Bank, Viva Atlantic Limited, Technology House Limited, and Mr. Didam misrepresented a conflict of interest in their bids and gained access to confidential tender information from public officials. These acts violated the bank’s Anti-corruption Framework.

The companies and Mr. Didam also falsified experience records, submitted fake manufacturer authorization letters, and offered inducements to project officials, further undermining the integrity of the initiative aimed at assisting Nigeria’s most vulnerable populations.

The statement added, “Viva Atlantic Limited and Mr. Didam misrepresented Viva Atlantic Limited’s experience and submitted falsified manufacturer’s authorization letters, as well as offered and provided things of value to project public officials. These actions were fraudulent and corrupt practices, respectively.”

Sanctions and Compliance Measures

The debarment bars the two companies and Mr. Didam from participating in World Bank-financed projects and operations for the next 30 months. As part of their settlement agreements, the parties admitted their culpability and agreed to meet specific conditions, including enhanced compliance measures.

Mr. Didam is required to complete individual ethics training, while both companies must strengthen their internal integrity policies and implement corporate ethics training programs aligned with the bank’s Integrity Compliance Guidelines.

The World Bank noted that reduced debarment periods were granted due to the parties’ cooperation during the investigation, voluntary corrective actions, self-imposed restraints from bidding, and the time elapsed since the infractions.

Broader Implications

The debarments are subject to cross-debarment by other multilateral development banks under the 2010 Agreement for Mutual Enforcement of Debarment Decisions, further limiting the companies’ ability to participate in international development projects.

The World Bank reiterated its zero-tolerance policy on corruption, emphasizing that the implicated parties must fulfill the stipulated conditions during the debarment period to regain eligibility for future Bank-funded initiatives.

“The companies also commit to continue to fully cooperate with the Bank Group Integrity Vice Presidency,” the statement concluded.

This development underscores the World Bank’s commitment to ensuring transparency and accountability in its projects, particularly those aimed at improving the livelihoods of the world’s most vulnerable populations.

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Dangote Petroleum Refinery Awards Scholarships to 473 Students

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… Donates Furniture, Educational Materials to Host Communities

Joy and elation enveloped the Idotun Community Junior High School, a suburb of Lekki, on Thursday when Dangote Petroleum Refinery & Petrochemicals, in partnership with Dangote Fertilisers Limited, awarded scholarships to 473 students from 10 secondary schools and 7 tertiary institutions. In addition, the company donated eight hundred and four (804) tables and chairs to secondary schools in their host communities of Ibeju-Lekki.

 

Students, parents, teachers, and community leaders expressed their immense joy as the scholarship certificates were presented to the beneficiaries, alongside educational materials, including textbooks and notebooks, as part of the 5th Edition of the Dangote Scholarship Award Programme.

 

Group Vice President of Oil & Gas at Dangote Industries Limited, Devakumar Edwin, remarked that the event symbolised a shared vision—a partnership between Dangote Industries and the host communities, designed to build a foundation for sustained growth, one that is rooted in education, innovation, and opportunity.

 

He further emphasised that the initiative is not merely a celebration of achievements but a reaffirmation of the group’s commitment to nurturing potential, empowering communities, and shaping a brighter future for the leaders of tomorrow.

 

“Education, as we all know, is the passport to the future. At Dangote, we believe that education is not just a privilege but a right that every child deserves. This belief has fueled our dedication to supporting students and schools in our host communities since the year 2019 when we launched the Scholarship Award Programme as a key pillar of our Community Development Plan, with year-on-year progress,” he said.

 

Praising the students for their academic dedication, which he acknowledged has resulted in remarkable growth over the years, Mr. Edwin highlighted the impressive year-on-year progress—from 56 students in 2019 to 450 beneficiaries in 2024. He stated that the company is deeply inspired by their determination and is confident that the resources provided will empower them to realise their dreams.

 

He also noted that the decision to donate the 804 tables and chairs to schools was part of the company’s broader commitment to enhancing the learning environment. This gesture, he emphasised, is a testament to the company’s dedication to ensuring that every child has access to a conducive environment for learning, where they can grow, dream, and thrive.

 

“To the scholars here today, you are at the heart of our initiatives. Your dreams, aspirations, and hard work inspire us to continue making a difference. As you embark on your academic journeys, remember that the support you receive today is a seed sown in fertile ground. Nurture it with dedication, perseverance, and a spirit of excellence, and it will yield remarkable fruits in your future.

“I would like to extend my heartfelt gratitude to our community leaders, dedicated school administrators who work tirelessly to ensure the success of these initiatives. Your partnership and support are invaluable, and we are honored to work alongside you in empowering the next generation,” he added.

The Managing Director of Dangote Industries Free Zone Development Company (DIFZDC), Olayinka Akande, urged the beneficiaries to uphold excellence, which he identified as one of the core values of Dangote Industries Limited. Emphasising the importance of dedication and diligence, he encouraged the students to aim high, noting that with such attributes, some of them could rise to become governors, ministers, captains of industry, or even the next ‘Edwin’ in the future.

 

The Head of Social Performance at Dangote Petroleum & Petrochemicals, Ogunleye Mojisola, highlighted that the education intervention is one of the four pillars of the Community Development Plan, which was jointly designed with the community. Reflecting on the scheme’s success since its inception in 2019, Ogunleye expressed gratitude to the management for consistently providing the necessary resources to sustain the programme.

 

“The increase in the number of beneficiaries each year is a clear indication that the initiative is fulfilling its purpose, motivating students to study hard and achieve academic excellence,” she remarked.

 

The Aro of Lekki Kingdom, Chief Adewale Salami, who represented the Oni of Lekki, conveyed his appreciation for the intervention, affirming that the company is helping to shape the future of the community. He also expressed the kingdom’s continued support for Dangote Industries Limited.

 

The Chairman of the Lekki Coastal Area Development Association, Alhaji Wasiu Ayeola, praised the founder and Chief Executive of Dangote Industries Limited, Aliko Dangote, for transforming what was once a hunting ground of rabbits and lizards into a multibillion-dollar investment that benefits not only the local community and Lagos but also Nigeria and the world. He emphasised that education is the most effective way to shape the future of the community.

 

Several beneficiaries, including Atibere Peter from Lagos State University, Dauda Omolara from Community Senior High School, Magbon Segun, and Ganiu Ayomide from Community Senior High School, Akodo, among others, expressed their heartfelt gratitude. They noted that the scholarship and support would motivate them to study harder and alleviate the financial burden on their parents and guardians.

 

 

 

PHOTO CAPTION

 

DSC 5901, Vice President, Oil & Gas, Dangote Industries Limited, Devakumar Edwin; Some of the Baales and Dignitaries at handing over of Tables and Chairs Donated to Host Communities secondary schools by Dangote Petroleum Refinery, Petrochemicals and Fertiliser Plant in Lekki, on Thursday 16th January 2025.

 

DSC 5913; L-R, Alh. Wasiu O Ayeola , Chairman Lekki Coastal Area Development Association, Jaiswal Anurag, Director of Operations Dangote Fertiliser, Chief M. Adewale Salami, Aro of Lekki kingdom, Represent Oni Lekki of Lekki,

Vice President, Oil & Gas, Dangote Industries Limited, Devakumar Edwin; Chief Mufutau Dauda, Baale of Magbon and Chairman of Baale’s in Lekki, Director Clubs and Societies Education District 3, Rep. Of Perm. Secretary, Ajibola – Morebise Olubunmi, at the handing over of Tables and Chairs Donated to Host Communities secondary schools by Dangote Petroleum Refinery, Petrochemicals and Fertiliser Plant in Lekki, 5th Edition of the Dangote Scholarship Awards on Thursday 16th January 2025.

Dangote Petroleum Refinery Awards Scholarships to 473 Students

 

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