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Tony Elumelu in Global Academic Limelight as TEF Case Study becomes part of Harvard’s Curriculum

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In an unprecedented move, the Harvard Business School, the graduate business school of Harvard University, is set to cast the spotlight on the Tony Elumelu Foundation (TEF), recognising the Foundation’s extraordinary philanthropic achievement in a ground-breaking case study.

The case study, first of its kind on any philanthropic organisation in Africa, is to be launched on Thursday, February 29, 2024, before a class of graduate students in Boston, Massachusetts and will explore the Foundation’s unique approaches and transformative initiatives, showcasing how strategic philanthropy offered by TEF is driving positive change and elevating countries and communities.

This move by Harvard underscores the Foundation’s pivotal role in empowering young African entrepreneurs across all 54 African countries and places the Foundation at the forefront of global discussions on transformative and catalyticphilanthropy, acknowledging its significant contributions towards fostering entrepreneurship in Africa.

In addition to delving into the foundation’s innovative approaches and the resultant impact it has garnered over the years, the event will also feature an exclusive acknowledgment of the Founder of TEF, Tony Elumelu’s economic philosophy of Africapitalism, which positions the private sector, and most importantly entrepreneurs, as the catalyst for the social and economic development of the African continent.  

The Tony Elumelu Foundation is the leading philanthropy, empowering a new generation of African entrepreneurs, driving poverty eradication, catalysing job creation across all 54 African countries, and increasing inclusive economic empowerment. 

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Since the launch of the TEF Entrepreneurship Programme in 2015, the Foundation has trained over 1.5 million young Africans on its digital hub, TEFConnect, and disbursed over USD$100 million in direct funding to 20,000 young African women and men, who have collectively created over 400,000 direct and indirect jobs.

Tony Elumelu who spoke on the impact of TEF on the African youth said, “TEF is creating economic hope and opportunity for African Entrepreneurs. We know that entrepreneurship is the antidote to poverty, youth unemployment and insecurity. Through the intervention of the Tony Elumelu Foundation, we are encouraging our young people, giving them hope through the seed capital we provide, capacitising them through the training and mentoring we provide and setting them up to create businesses that will succeed and create even more jobs. Collectively we are fixingthe challenges that we have on the continent.

Continuing, he said, “the Tony Elumelu Foundation was set up to create more successful African business leaders. We want to replicate our own success and create entrepreneurs who will build more prosperity on the continent and for the continent. It’s all about transforming our society and making sure that we leave the society better than we met it. It is not about the money that we have in our bank accounts, it is about the legacy that we make and the impact we create. Prosperity for all is what will create the security, harmony and peace that we need.”

The Harvard Business School session will provide a platform for thought leaders, scholars, and business enthusiasts to engage in a meaningful discussion on the role of philanthropy in shaping sustainable and inclusive economies. As the world grapples with complex challenges, the Tony Elumelu Foundation stands as a beacon of hope, showcasing how strategic philanthropy can be a driving force for positive change.

 

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Court remands Ex-DSS Officer in Kuje Prison over alleged support for IPOB

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The Federal High Court in Abuja, on Thursday, ordered the remand in Kuje Correctional Centre of a retired officer of the Department of State Services, Nwaogu Ihechimere Ezeakolam over his support for the outlawed Indigenous People of Buafra, IPoB.

The retired officer was arraigned by the Department of State Services for, among other things, supporting the proscribed terrorist organization.

He was arraigned on a four-count charge, including joining IPOB, posting messages in support of the proscribed organization, and involvement in acts capable of inducing unsuspecting members of the public to join IPOB.

The DSS told the court presided over by Justice Muhammed Umar, that what the retired officer did was contrary to and punishable under Sections 13, 25, 26 of the Terrorism (Prevention and Prohibition) Act, 2022.

When the charges were read out to Ezeakolam, he pleaded “not guilty” to all the four counts. Thereafter, the prosecution applied for a trial date and urged the court to remand him in custody pending trial.

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Justice Umar adjourned the matter to October 29 for commencement of trial and ordered that Ezeakolam be remanded at the Kuje Correctional Centre.

Count One of the charges brought against Ezeakolam, reads: “That you, Nwaogu Ihechimere Ezeakolam, adult, male, sometime 2025 and 2026, at Abuja and Abia State, within the jurisdiction of this Honourable Court, did directly and indirectly render support by providing moral assistance and disseminating terrorist information of Indigenous People of Biafra (IPOB, a proscribed organization, through the internet and your social media platforms, and thereby committed an offence contrary to and punishable under Section 13 of Terrorism (Prevention and Prohibition) Act, 2022.

Count Two: “That you, Nwaogu Ihechimere Ezeakolam, adult, male, sometime 2025 and 2026, in Abia State, within the jurisdiction of this Honourable Court, did join Indigenous People of Biafra, a proscribed organization, and thereby committed an offence contrary to and punishable under Section 25 of Terrorism (Prevention and Prohibition) Act, 2022.

Count Three: “That you, Nwaogu Ihechimere Ezeakolam, adult, male, sometime 2025 and 2026, at Abuja and Abia State, within the jurisdiction of this Honourable Court, did knowingly directly and indirectly aid and abet the Indigenous People of Biafra (IPOB) by posting on social media platforms messages calculated to induce unsuspecting members of the public to support Indigenous People of Biafra (IPOB), a proscribed organization, and thereby committed an offence contrary to and punishable under Section 26 of Terrorism (Prevention and Prohibition) Act, 2022.

Count Four:
“That you, Nwaogu Ihechimere Ezeakolam, adult, male, sometime 2025 and 2026, at Abuja and Abia State, within the jurisdiction of this Honourable Court, on social media platforms did post and cause to be accessed, messages aimed at advancing the cause of Indigenous People of Biafra (IPOB), a proscribed organization and thereby committed an offence contrary to and punishable under Section 18 of Cybercrimes (Prevention, Prevention, etc) Act, 2015, as amended,” the charge said.

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BREAKING: Tinubu orders EFCC to unfreeze Osun accounts

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President Bola Ahmed Tinubu has directed the Economic and Financial Crimes Commission (EFCC) to immediately vacate the court order freezing the Osun State Government’s accounts, citing concerns that the action could undermine public confidence ahead of the state’s governorship election.

In a statement issued on Thursday from the State House, the President said he was “deeply embarrassed” by the timing of the EFCC’s move, stressing that although the anti-graft agency acted pursuant to a court order, the public would inevitably associate the action with his administration.

Tinubu reiterated his long-standing policy of allowing anti-corruption and law enforcement agencies to operate independently without political interference, noting that he had consistently refrained from directing the operational activities of the EFCC and other investigative bodies.

According to the President, strong democratic institutions must be allowed to perform their statutory responsibilities professionally, without fear, favour or political influence.

He, however, said the timing of the EFCC’s action was inappropriate, especially as Osun State is only days away from its governorship election.

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“Nothing ought to be done to give the impression that the EFCC or any other federal agency is being used to interfere with the electoral process,” Tinubu stated.

The President said that while he was yet to receive full details of the investigation that prompted the EFCC to obtain the court order, the overriding public interest required urgent intervention to safeguard the integrity, credibility and fairness of the electoral process.

Consequently, Tinubu directed the EFCC to return to court immediately to vacate the order freezing the state’s accounts and discontinue the action against the Osun State Government.

The directive comes amid heightened political attention over the EFCC’s decision to secure a court order freezing Osun State’s accounts as part of an ongoing investigation. The development had sparked widespread reactions from political stakeholders and legal practitioners, with concerns over its potential impact on the forthcoming governorship election.

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Army arrests two soldiers over alleged illegal duty at Peller’s wedding

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The Nigerian Army  has confirmed the arrest of two soldiers, Privates Onasanya Ifeoluwa and Ukpai Onyinyechi, for working as bouncers at the wedding of social media personalities Habeeb Hamzat, popularly known as Peller, and Jarvis in Lekki over the weekend.

Both soldiers were identified as personnel of the Nigerian Army’s Medical Services and Hospital at Obalende, Lagos.

Spokesman for the 81 Division, Lt.-Col Musa Yahaya, confirmed to The Nation that the soldiers were arrested on Tuesday and are in custody.

They were allegedly involved in an unauthorised deployment after footage of the wedding, which went viral across social media platforms, showed the soldiers in military uniform providing security and escorting guests.

One video allegedly showed a soldier escorting TikTok personality Ivanna through the crowded venue.

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The videos sparked public debate, with many Nigerians questioning whether serving military personnel were authorised to perform security duties at a private celebrity event.

The videos particularly raised concerns because they flouted earlier directives by President Bola Tinubu, which withdrew police and military escorts from persons not entitled to them by law to beef up security across the country.

The Nigerian Army has consistently maintained that its personnel are prohibited from undertaking unauthorised private security duties or participating in deployments without official approval.

According to sources, preliminary investigations are underway to determine the extent of their involvement and identify any other personnel connected with the incident.

The wedding of Peller and Jarvis attracted entertainers, influencers and other guests, with videos from the ceremony dominating social media over the weekend.

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