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AWARD WINNING SCHOOLGIRL, KATHERINE ETA, CHALLENGES OTHER STUDENTS AS ORGANISERS MOVE TO ENLARGE COMPETITION

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Award winning Nigerian schoolgirl, Katerine Eta, has challenged other students to see failure as a call to put in more efforts rather than an excuse to quit.

Katherine of Childville School, Ogudu, Lagos last week emerged the third place winner in the keenly contested 2017 Microsoft Office Specialist World Championship (MOSWC) held in Disneyland, California, USA.

The award-winning girl’s advice came as ReadManna, organisers of Nigerian competition that gave her the platform to compete at the World Championship is targeting more schools in order to give opportunities to more students.

Speaking at the Murtala International Airport on arrival on Saturday from the United States, Katherine said, “you shouldn’t see failure as a reason for you to quit, failure should be a reason for you to work harder to do more of what you have already done”.

The schoolgorl, whose attendance at this year’s championship with support from Zenith Bank Plc., is the only African Champion in this year’s championship. The bank has partnered with ReadAmana, since 2007 and sponsored Nigerian winners’ participation in the World championship.

“Last year I went for the world championship and I came tenth in the world and I decided that I was going to go again this year doing a different programme and this year because I work harder and because I was more determined, I came third in the world,” Katherine said, citing her own example to encourage other students.

On what she planned to do with her newly acquired expertise in the Microsoft application, Katherine said she intends to get better still at using it and then help use the knowledge to help others.

Also speaking on Saturday, Chair of ReadManna, Mrs. Ednar Agusto, said the organisation plans to expand the Nigerian competition in order to give more students the chance to acquire competencies in Microsoft applications.

On her motivation for the initiative, Agusto said it was borne out of the reality that competence in the use of the applications can help to increase productivity and improve self-esteem in the students.

“You know you will be able to stand and be able to do more things, it is a solid foundation in this ICT world because today, digital literacy is the language of the economy, so if you don’t know how to speak this language you are at a disadvantage, so we decided to start at the grassroots, work with the schools so that these children can have the right foundation and from there, they can move on to more advanced computer certification and knowledge,” she said.
She promised that the organisation will invite more public schools to participate in the competition, saying that only one public school, Lagos State Model College, Meiran competed in the Nigerian championship, with fifteen students representing.

For her effort, sixteen-year-old Katherine, whose attendance at the competition was made possible by Zenith Bank, received $1,500, a NuVision Solo 10 Draw Tablet at the world championship and another N750,000 ReadManna Chairman’s Prize. Wai Feng Cheng (Hong Kong) and Chi Kei Leong (Macao) came first and second respectively.

The annual Microsoft Office Specialist World Championship is a global competition that tests student’s skills in Microsoft Word, Excel and PowerPoint. Apart from Katerine, four other Nigerian students represented Nigeria at the competition which is open to all students aged between 13 and 22 years enrolled in an academic institution.

The other members of the Nigerian delegation were Husna Bello, Glisten International Academy, Abuja, FCT; Ogon Holdings, Deeper Life High School, Port Harcourt, Rivers State; Adeniran Oluwatamilore, Louisville Girls High School, Ijebu-Ode, Ogun State; Oloriegbe Favour, Childville Schools, Ogudu, Lagos and David Eta, Childville Schools, Ogudu, Lagos, Lagos State.

The team was accompanied to the championship by an ICT Teacher from Glisten International Academy, Abuja, Stephen Adeyemi.

The 2017 MOSWC in versions 2013 and 2016 of the Microsoft programs was contested worldwide by about 1.1 million students from 140 countries. 157 students from 50 countries eventually qualified to compete in the world finals in Disneyland, California.

This year’s championship conducted annually by ReadManna in Nigeria was held over a period of 7 months between 1 August, 2016 and 30 April, 2017 with about 882 entries from 20 Secondary Schools in Lagos, Ogun, Rivers, Kwara States and the FCT.

The competition ended with 112 out of the 161 students shortlisted for the national competiiton certified in Microsoft Excel, PowerPoint and Word.

Business

Depositors Panic Over N40B Fraud At First Bank

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Some depositors of the Olusegun Alebiosu led First Bank of Nigeria Limited are stiff worried about the N40 billion fraud that rocked the bank.

 

They are perturbed that the staggering amount involved in the fraud might affect their deposits, we gathered that some of them have been trooping to the bank to withdraw their money or transfer to another bank.

 

The staff of the old generation bank, Tijani Muiz Adeyinka, who perpetrated the fraud and his wife have escaped according to findings.

 

 

When officials of the bank sent security men to arrest Adeyinka, they could not locate his whereabout, so they stormed his wife’s office but could not arrest her because she escaped through the back door of her office.

 

First Bank, which has a market capitalisation of ₦829 billion has begun legal action to recover “huge sums of money” allegedly diverted by Adeyinka, an employee at a head office team in Iganmu, Lagos.

 

Adeyinka allegedly diverted those funds to 98 bank accounts classified as first beneficiaries, including his wife’s account.

 

 

The bank reported the incident to the Nigerian Police Force on March 25, 2024, and obtained three court orders between April 4–8, 2024 to block hundreds of bank accounts believed to have received the stolen funds.

 

Gathered that while the initial amount discovered to be diverted was around ₦12 billion, it now stands at around ₦40 billion ($29 million).

 

Adeyinka, a manager on the electronic products team at First Bank, allegedly authorised the process of reversals for customers.

 

Adeyinka controlled an account with which he processed those reversals and could credit merchant accounts.

 

The banker allegedly used that authority to instead credit customer reversal requests to a merchant he controlled. As the last line of authorisation on the team, he allegedly did not need any further approvals, it allowed him to carry on diverting customer funds for almost two years without detection.

 

His scheme was eventually discovered when a customer made a complaint that was eventually escalated to the bank’s internal control unit. The control unit discovered several suspicious transactions and reported to the police.

 

“We hereby bring to your notice the discovery of fraudulent transactions into various transactions within and outside the bank and request your good offices to set up the machinery of investigation in place with a view to unravel the circumstances surrounding the said fraud and get the culprits arrested to face the wrath of the law,” read a letter dated May 10, 2024, from First bank to the Lagos State Commissioner of Police.

 

“I discovered that one Muiz Tijani Adeyinka, a former staff of First Bank was involved in the nefarious posting of fraudulent transactions,” read a statement from the investigating Police officer in charge of the case signed March 26, 2024.

 

“It was discovered that he made some fraudulent transactions to his wife’s account number (name withheld) domiciled with Zenith Bank, which in turn transferred to other beneficiaries totaling thirty-four accounts which also gave birth to second beneficiaries domiciled with other banks totaling 1,190 accounts,” the statement added.

 

 

First Bank obtained an order on April 8 to block the bank accounts of the first and second beneficiaries of the illegally obtained funds from a Federal High Court in Lagos. The bank also obtained additional orders dated April 8 and May 5 from a Jalingo and a Lagos high court to block additional accounts believed to be involved in the incident.

 

One first beneficiary account reportedly used some of the stolen funds to buy the stablecoin USDT from several crypto traders detailing their bank accounts.

 

 

Those traders claimed their only involvement was selling USDT and denied knowing the funds they received were proceeds of fraud. They have now been drawn into a legal battle with the bank with restrictions on their accounts at the time of this report.

 

Efforts to make Chinwe Bode-Akinwade of Corporate Communications department of First Bank, react to the development met a brickwall as she was yet to respond to our inquiry as at time of filing this report.

 

Stakeholder have been reacting since the fraud was reported in the media. They took to their X handle to react to the development.

 

 

In his comment on X, one Dr A. TuruMbe said the revelation brought to his memory a case 20 years ago when he worked with a bank on Ahmadu Bello way in Victoria Island, Lagos.

 

Another user of X claimed the money that was stolen “is from dispense error, it gets moved by the end of work day and transaction deleted. It has gone for about two years, what gave him away was the issue of submarine cable that affected telcos and banksd in April. The transaction piled up for those days.”

 

According to another commentator on X, “banks and other financial institutions need to have elevated risk management and fraud detection systems in place. The downside of evolving technology is that crooks will always want to exploit any vulnerability to their advantage.”

There have also been questions as to why this fraud went on for as long as it did. According to Nkwuda Chinedu, “there are much obvious questions begging for answers – is their system not automated? Is there no Maker-Checker in place as known traditionally in banking? Has the staff no supervisor and no audit for the period?”

 

Other commentators have also asked to know how one staff can be left solely in charge of reversal funds where he would have unchecked access to move funds unchecked?

 

 

Mr Victor Frank in a comment on X, said, “the problem with the Nigerian government is evident in the banking sector. I cannot imagine how a whooping N44bn will be scattered around without triggering an alert.”

 

One bank customer on X said because the alleged culprit was stealing bank customer reversal, it was hard for the bank to detect and that this is why bank customers wait endlessly to have

their transfers reversed and their bank accounts credited.

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‘Seye Will Return To Ilesa’! The Interview That Lands Lamidi Auxilliary In Trouble

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To the dethroned Oyo State Park Management System boss, Lamidi Auxilliary, it was like a bad dream when he was paraded by the police and charged to court recently.

 

Papermacheonline can reveal that the accused, a former aide of Governor Seyi Makinde landed himself in trouble after granting an interview where he threatened another top aide of the governor, Seye Famojuro and promised to reveal more in another interview.

 

Just some hours after the interview, Auxilliary was arrested by the DSS in his home at Olodo, Ibadan before he was later paraded and charged to court for murder, armed robbery and illegal arms posession.

 

A source hinted papermacheonline that Auxilliary’s threat to reveal more was like a death knell, explaining that he was the head of Governor Makinde’s ‘protection team’ and his decision to start granting interviews on radio is unacceptable. Again, the person he threatened, Seye Famojuro is the closest person to Governor Makinde.

 

The source furthermore explained ‘are you aware he just left the UCH some months ago? He was hit and injured by a car when he went to buy drugs, he almost died! So, we all wondered how he could get so silly and start granting interviews. He is just an illiterate and there are so many evidence against him’. The source revealed.

 

In the interview he granted to Media personnel, Ajibola Akinyefa, in the Yoruba Language, the former PMS chairman said, “If he (Famojuro) is the governor or Seyi Makinde is, we will know. It is just a matter of time. Everybody will face the consequences of their actions. The people he chose to manage the park are cheating themselves.

 

hen asked if it was his hooliganism that led to his removal, Auxiliary queried how many people reported that he beat them to the police.

He further said that Seye would still return to Ijesha because Ibadan is not his homeland.

 

 

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lifestyle

Glad I Have One Less School Fees To Pay! Seyi Makinde Bares Thoughts At Daughter’s Graduation

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Oyo State Governor, Seyi Makinde is one happy man. The politician could not help but bare his mind during the graduation of his first child, Tobi from the Yale University.

 

The Governor on his official instagram handle claimed he is glad to have one less school fees to pay at the ceremony which was attended by friends and well wishers.

 

Makinde wished his beloved daughter the best as she embarks on a new chapter of life.

 

Spotted at the graduation ceremony was the Oyo State First Lady, Omini Makinde, lawmaker Stanley Olajide and a handful of friends and aides of the Governor.

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