The Nation Newspaper

Category: Business

  • Chief Whip hails Fed Govt over $4.29b PPP approval

    Chief Whip hails Fed Govt over $4.29b PPP approval

    Cross River State House of Assembly Chief Whip, Chief Hilary Bisong, has commended the Federal Executive Council (FEC) for approving over $4.29 billion Public-Private Partnership (PPP) investments for the state, saying it will boost growth and development.

    In a statement, Bisong said the move was a right step in the right direction and the Federal Government’s commitment to infrastructure development, private-sector–led investment, and sustainable planning.

    He said the move was in tandem with President Bola Tinubu’s Renewed Hope Agenda to rebuildHelp investor confidence, attract private capital, and reposition the country as a strong competitor in global trade.

    READ ALSO; Farouk Ahmed: A challenge for EFCC

    Bisong identified the Bakassi Deep Seaport as a key component of the PPP projects, saying they are of significance to the country.

    According to him, the deep-water port is designed to accommodate large commercial vessels, decongest ports, and strengthen maritime and logistics capacity.

    He added that the project is expected to stimulate industrial activities, enhance export competitiveness, and deepen the country’s integration into global value chains.

    The Chief Whip praised Governor Senator Bassey Otu, for his ‘’consistent leadership and strategic alignment with national development priorities’’.

  • PalmPay okays N400m for global travel carnival reward

    PalmPay okays N400m for global travel carnival reward

    Nigeria’s digital banking platform, PalmPay, it has set aside a total of N400 million to reward its customers this festive period, adding that it is designed to reward users with cash prizes and fully sponsored international travel experiences for everyday transactions on the PalmPay app.

    It said the campaign will run between December 17, 2025 and January 8, 2026 saying it is designed to reward everyday transactions with extraordinary experiences. It runs alongside PalmPay’s Purple December brand campaign, which focuses on wrapping up the company’s key brand and community initiatives for the year.

    Speaking on the launch, Head of Marketing & Communication, Femi Hanson said: “This festive rewards campaign is about turning everyday banking into meaningful value for our users. With the World Travel Carnival as the headline activation, we are reinforcing PalmPay’s promise of being the smarter way to bank—where smart financial decisions unlock bigger opportunities.”

    At the centre of the rewards campaign is the PalmPay World Travel Carnival, an interactive card collection experience that allows users to earn city cards by completing transactions on the app. Users are required to collect five city cards – London, New York, Dubai, Sydney, and Cape Town and combine them into a World Card, which unlocks a share of the prize pool.

    READ ALSO: Turaki-led PDP begs Nigerians for another chance

    The more World Cards a user creates, the larger their share of the cash rewards. Any extra uncombined cards can be swapped with friends and other PalmPay users to help complete additional World Cards.

    Beyond cash rewards, the Carnival also offers Free Global Trips. In each round, the top two users with the highest number of eligible transactions (₦100 and above) and at least one World Card will win an all-expense-paid international trip.

     The travel grand prize covers Visa fees, round-trip international airfare, five-day, four-night hotel accommodation, side attraction and meal expenses. Others are airport pick-up and drop-off and all transportation for scheduled tour activities during the trip.

    Winners will be determined through a transparent leaderboard system, with prizes credited automatically at the end of each round on December 25, December 31, and January 8.

    To participate, the urged customers to complete tasks on the PalmPay app, such as Airtime, Data, Transfers, and other specific transactions listed in the app, to earn cards; collect all five city cards; swap cards with friends to complete your collection; combine cards to form a World Card and earn cash rewards; and perform more transactions to climb the leaderboard for a chance at the global trip prize.

    To ensure fairness, PalmPay has instituted strict rules: no cheating, bots, fake accounts, or manipulation. Any violations may lead to disqualification or account bans. Additionally, the Free Travel Prize is limited to one per user throughout the campaign.

  • Stanel boss Uzochukwu pays courtesy call to President Hichilema with Flutterwave CEO

    Stanel boss Uzochukwu pays courtesy call to President Hichilema with Flutterwave CEO

    The Chairman and Chief Executive Officer (CEO) of Stanel Group and The Delborough Lagos, Dr. Stanley Uzochukwu, has paid courtesy visit to Zambian President, Hakainde Hichilema at the weekend.

    One of the most influential Nigerian-born young billionaires notable among African elites paid the courtesy call in company of his father figure, H.E. Dr. Ernest Bai Koroma, former President of Sierra Leone, and one of his mentees, Flutterwave CEO, Olugbenga Agboola.

    The mentee, a major player in Africa’s digital economy, is a cybersecurity engineer with an MBA from University of Westminster, Massachusetts Institute of Technology (MIT) Sloan.

    According to a post on his Instagram handle, Uzochukwu revealed that discussions with the Zambian leader centered on strategic investments and partnerships.

    The post reads: “Visited @discoverzambia for the first time alongside my father, H.E. Dr. Ernest Bai Koroma, former President of Sierra Leone, and my mentee, CEO @olugbenga_gb of Flutterwave, to meet with the president of Zambia, H. E. Hakainde Hichilema.
    ‎
    “‎Our discussions centered on strategic investments and fostering sustainable partnerships that will shape the future of Africa’s economic growth. The prospects are bright, and we are eager to bring our shared vision to life.
    ‎
    “‎With visionary leaders like these steering progress, the future is in capable hands.
    ‎
    “‎Watch this space, the journey has only just begun.”

  • How to address economic crisis, by expert

    How to address economic crisis, by expert

    Former Managing Director of Citizens International Bank and Assurance Bank of Nigeria, Chikatara Mbonu has proffered solution to the nation’s economic instability.

    He lamented that duplicated policies, inconsistent reforms and unstable national development plan are some of the factors responsible for nation’s economic instability.

    Speaking in Ibadan while delivering a lecture titled “Blueprint of Progress: What Nigeria Can Learn from Global Systems and Leadership”, Mbonu maintained that stability will remained elusive until the nation begin to respect continuity, same way engineers respect load calculation.

    The lecture was part of the activities lined up for the 10th Rev. Engr. Ette I. I. Etteh Annual Distinguished Lecture Series and the book launch of “Christ the Greatest Connector” written by Rev. Engr. Ette Ikpong Ikpong Etteh.

    The lecture was organised in collaboration with Nigerian Institution of Civil Engineers(NICE), a division of Nigerian Society of Engineers.

    Mbonu stated that a culture of man‑know‑man and the belief that government resources are national cake will continue to be major obstacles to Nigeria’s growth and development.

    He said: “Nations like Singapore, China and the United Arab Emirates that have succeeded did not do so accidentally. They moved from wishful thinking to master planning, from guesswork to calculation, from hoping to knowing. Countries such as Singapore, Malaysia, South Korea and Rwanda were deliberate. 

    “They agreed on long‑term goals, national discipline, continuity of plans, merit‑driven leadership and institutional strength over strong personalities. Unfortunately, Nigeria often changes its entire national direction the moment a new government comes in, leading to new agendas, priorities, slogans, and eventually the same old problems.”

    He described Nigeria as a country with massive natural resources, but poor national values, weak institutions, low accountability and contradictory policies.

    Mbonu suggested that Nigeria should adopt the ideas of Singapore and Rwanda, whereby ethics, discipline and civic duty are embedded in the curriculum from primary to tertiary level so that children would learn punctuality, honesty, basic financial literacy, community respect and a maintenance culture. 

    He added that development remains impossible when criminals walk free, noting that the government must ensure transparent judicial processes with zero interference in court decisions and efficient, automated court systems.

     “Every public officer should have a public dashboard showing asset declarations, project performance, disciplinary records and reward systems. 

    “Nigeria needs a curriculum overhaul, more technical and vocational schools in every state, and routine teacher‑retraining programmes. We also need to promote digital literacy as a core subject in every school.

    “Infrastructure provides the economic backbone. We must do more in constructing a national rail spine that connects all geopolitical zones, ensure regular power supply to industrial corridors, and expand gas‑to‑power projects, among others.”

    Mbonu said Nigeria has become a rapidly growing city that calls for “future‑proof city planning, adding that urban plans must target 2050 population realities, mass‑transit systems, flood‑control measures, robust internet infrastructure and mixed‑use, climate‑resilient zoning.

     “By 2035, Nigeria will have the world’s third‑largest youth population. We must build capacity around skills, employability, self‑employment, digital jobs and manufacturing jobs, because a nation that fails to prepare for the future becomes a risk to itself.”

    Chairman of the occasion, Engr. Yusuf Sagaya described Rev. Engr. Ette Ikpong Ikpong Etteh, co‑founder of one of Nigeria’s foremost indigenous consulting engineering firms, Etteh Aro & Partners, as the father of many successful engineers both locally and abroad. 

    Sagaya, a seasoned Engineer, Consultant, and Fellows of Nigerian Society of Engineers(NSE) said that the celebrant in conjunction with his friend Lawrence Arokodare, has built a global standard of engineering practice in Nigeria.

     “There are no projects leaving Etteh Aro & Partners without being properly checked by at least two senior engineers. One engineer must cross‑check another, and approval must come from a senior engineer. 

    “We are having problems in the consulting industry today because many designs are not being checked or approved by competent senior engineers. If all concerned engineers return to the professional guidelines and ethical standards adopted by Etteh Aro & Partners, Nigeria would not be in its current position regarding our professional output.”

    The celebrator expressed gratitude to the association, UI community, well-wishers, and all who had worked tirelessly to make the event a reality.

  • PTAD: Resolving pensioners’ issues

    PTAD: Resolving pensioners’ issues

    ANONYMOUS: Good day, I have been complaining of deduction of N9000 from my pension allowance since September last year. Kindly use your office to rescue me from this situation. l have written several times for correction to no avail why.

    PTAD: Dear PTAD PENSIONER, please send your verification slip to our email complaints@ptad.gov.ng to enable us to investigate and respond further. However, note that PTAD obtained a directive for the re-implementation of the CPA based on grade level in line with the clarification from the NSIWC before implementing the new 20 per cent / 28 per cent increment as applicable. The CPA which was as a result of the minimum wage approval in April 2019 was implemented in May 2021 based on pay-band application with subsequent payment of 24 months arrears covering from April 2019 to April 2021. It is therefore instructive to mention that arrears reconciliation arising from the re-implementation of the CPA based on grade level is set aside pending further directive.

    The clarification from the NSIWC which revised the implementation of the CPA to Grade level was taken into cognisance and accordingly implemented on the payroll before the application of the new pension increment of 20-28 per cent as applicable which will take effect from September 2024.

    Further to the above, the Executive Secretary gave directive to pay the 20%/ 28% pension increment arrears to only the pensioners whose monthly pension have been correctly computed and implemented as per the August payroll.

    In line with the directive of the Executive Secretary, the Department reviewed the August 2024 pension payroll to ascertain that only pensioners who are on their correctly computed monthly pension are paid the 20 – 28 per cent pension increment arrears and thereafter identified and excluded the following categories of pensioners:

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    •Pensioners on the payroll with inherited monthly pension and whose monthly pension entitlement is yet to be computed to date;

    •Pensioners on the payroll with inherited monthly pension but whose monthly pension entitlement have been computed but not yet implemented;

    • Pensioners on the payroll with monthly pension figure that appears to be higher than the maximum monthly pension for their Grade Level.

    Thank you.

    SAMSON: Good day, I am Samson. I am an Ondo State pensioner with federal share. I will like to remind PTAD that I have not received my pension for the month. The late payment of my monthly pension is now becoming a regular occurrence and this is having a negative effect  on the good image of PTAD. Kindly make amends.

    PTAD: Dear Mr. Samson, please be informed that you’re currently on our payroll and you have been paid. Kindly go to your bank and get your bank statement from April 2025 to date. Thank you.

    SAMUEL: Good day, my name is Samuel. I retired on grade level 9, step 5. My monthly pension is N17000 but has been reduced to N9000. Please I will like to know why. I am alive.

    PTAD: Dear Mr. Samuel, please note, according to the record available to us you’re on your rightful pension payment. And for your gratuity from our record, your retirement date was 21/9/1993. Therefore, your gratuity should be paid or has been paid by the state government. However, you can scan and send your bank statement six months before your retirement to date to enable us to investigate and respond further. Thank you

    OSUWA: Good day, my name is Osuwa. This is to remind PTAD on short payment in my monthly pension. My mates are receiving N30,000 and more but I continue to receive less than N27,000. Kindly help me to correct this.

    PTAD: Dear Mr. Osuwa, kindly be informed, based on the documents you provided during verification you retired on grade level 8 step 5 and structure HAPSS2003 and you’re on your rightful pension payment.

    ADEREMI: Dear Omobola, my name is Aderemi. The reply of PTAD to my complaint which was published on the March 12, 2O25 was correct. Truly PTAD call me and ask me of my account details. The person that called me said that the account did not show my name. He also ask for some other information but I was unable to as my documents were not with me and I didn’t know them offhand. He promised to call the next day but he has not called back.

    PTAD: Dear Mr, Aderami, Kindly note that we placed several calls to you, but were unable to get through as your phone was not answered. You can reach us via 02094621700 for clarification and resolution. Thank you.

  • Nigerian Airways retirees seek PTAD’s support

    Nigerian Airways retirees seek PTAD’s support

    The Executive Secretary of the Pension Transitional Arrangement Directorate (PTAD), Tolulope Odunaiya, yesterday met with representatives of the Association of Airways Retired Workers of Nigeria (AARWN) to discuss longstanding pension-related concerns affecting retired workers of the defunct Nigerian Airways.

    The central focus of the meeting was the proposed onboarding of Nigerian Airways pensioners onto the pension payroll.

    In attendance were the Chairman of AARWN, Mr. Onuh Stephen, and Mr. Ahmed Sulu Gambari, who represented the collective interests and concerns of Nigerian Airways retirees.

    In her response, the Executive Secretary acknowledged the issues raised by the association and expressed empathy with the affected retirees, reaffirming PTAD’s commitment to the welfare and dignity of pensioners under the Defined Benefit Scheme.

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    She, however, clarified that the Directorate operates strictly within its statutory mandate and does not possess the authority to verify or onboard pensioners without formal directives from the appropriate authorities.

    She further explained that given the statutory limitations of onboarding new pensioners, it is advisable that the association continued its ongoing engagement with the relevant authorities to grant its request for onboarding of its members who were existing pensioners of the defunct Nigeria Airways prior to its liquidation, on the pension payroll.

  • Lagos shares cash, food items with pensioners

    Lagos shares cash, food items with pensioners

    • Reaffirms care for retirees

    The Lagos State Government yesterday put smiles on the faces of hundreds of its pensioners as it distributed cash and food items to retired public servants, reaffirming its commitment to those who spent their productive years building the state’s public service.

    The welfare packages, distributed during an event titled: “Welfare Packages Distribution For Lagos State Pensioners” held at the NECA Auditorium, Alausa, Ikeja, formed part of the state’s end-of-year support for pensioners to help them celebrate the festive season with dignity and comfort.

    For many of the beneficiaries, the gesture went beyond food and cash, it was a reminder that their years of service are still remembered.

    “This is not just about rice or money. It shows the government still cares about us,” said Mrs. Comfort Adeyemi, a retired clerical officer. “With this support, my family will enjoy Christmas.”

    Another pensioner, Mr. Samuel Ogunleye, a former works supervisor, described the initiative as reassuring. “Some states forget their pensioners. Lagos has shown that once you serve, you are not forgotten,” he said.

    “I feel respected,” said Mrs. Funke Lawal, a retired education officer. “When a government remembers you like this, it gives peace of mind.”

    Mr. Johnson Adebayo, a former local government staff, described the initiative as thoughtful. “It’s not about the size of the package. It’s about the message that we still matter,” he said.

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    Speaking at the event, the Head of Service, Mr. Bode Agoro, described the retirees as “retired but not tired,” noting that their sacrifices and dedication laid the foundation for the Lagos State Public Service as it exists today.

    “Each time I see you, you look radiant, healthy and full of life. This administration truly values you,” Agoro said, adding that Governor Babajide Sanwo-Olu places a high premium on the welfare of both serving officers and pensioners.

    According to him, the initiative reflects the government’s resolve not to abandon workers after retirement. “This distribution could not have come at a better time, especially with Christmas around the corner,” he said.

    The Head of Service explained that the programme is a two-day exercise, with the Ikeja Division hosting the first phase, while pensioners in Badagry, Ikorodu, Lagos and Epe divisions will receive their packages simultaneously the following day to ensure equity and convenience.

    Agoro assured the retirees that the state would continue to prioritise prompt pension payments, healthcare initiatives and welfare programmes to ensure that their retirement years remain peaceful and fulfilling.

    He commended the Lagos State Pension Commission (LASPEC) for organising what he described as a seamless and orderly exercise, stressing that the safety and wellbeing of pensioners remained paramount.

    The Director-General, Lagos State Pension Commission (LASPEC), Mr. Babalola Obilana on his part assured the pensioners of sustained care and inclusion, reinforcing the message that retirement does not mark the end of relevance.

    Welcoming pensioners to the ceremony, Obilana said the exercise was designed not merely to distribute items, but to honour the men and women whose labour helped shape Lagos State’s public institutions.

    He said: “We are gathered here not merely to distribute items, but to honour, appreciate and reaffirm our commitment to the wellbeing of our senior citizens, who dedicated many years to strengthening the Lagos State Public Service. The Lagos State Public Service stands on the strong foundation built by your labour, discipline and unwavering commitment. You served through evolving times, embraced reforms, met challenges with resilience and upheld the values that define our public institutions today. Your contributions continue to shape the systems and policies we rely on.

    “You are more than retirees, you are pioneers whose legacy remains woven into the fabric of the Public Service. The Lagos State Government is sincerely grateful for your years of dedicated service. Retirement only magnifies the significance of your contributions, and you deserve to enjoy this phase of life in dignity, comfort and fulfilment. Be assured that we remain fully committed to keeping you valued, supported and connected to the system you helped build”.

    He further stated that this welfare initiative is one of the State Government’s deliberate efforts to support our veterans of service, especially during festive seasons when an additional gesture can bring relief and warmth.

    “Though the packages may appear simple, they carry deep meaning, they represent our genuine care for your wellbeing and a reminder that you remain an integral part of the Lagos State Public Service family. We recognize the diverse needs of our retirees, and this programme is one of several initiatives aimed at promoting inclusion, care and an improved quality of life.

    “Beyond today, LASPEC remains committed to strengthening pension administration, health support and welfare services, with plans to streamline paymentprocesses, expand social and healthcare assistance, and introduce innovative measures for easier access to pension information. These efforts are designed to make every retiree’s experience more seamless, secure and dignified, reflecting our ongoing dedication to your wellbeing.

    “Governor, Babajide Sanwo-Olu, has consistently emphasized that those who served the State must enjoy the rewards of their labour. Under the THEMES+ agenda, our retirees remain a priority, and the goal is clear — a Lagos where every pensioner feels respected, supported and valued. This administration will therefore continue to uphold policies that ensure prompt pension payments, improved healthcare access and sustainable welfare programmes. Your retirement years should be a season of rest and reassurance. Today’s packages are a small but heartfelt expression of our gratitude. Please accept them as a symbol of our respect and appreciation for your decades of service. Your legacy lives on in the work we continue to do”, Obilana said.

    As the event drew to a close, pensioners left the hall clutching their packages with a renewed sense that Lagos State remains a government that respects its workers, even in retirement.

  • IEI to hold EGM

    IEI to hold EGM

    International Energy Insurance Plc (IEI) is set to hold its Extraordinary General Meeting (EGM) on Wednesday, December 31, 2025.

    This was disclosed in a statement made available to journalists in Lagos.

    The company disclosed that the meeting will be held virtually to allow all shareholders, irrespective of their locations, join and take part in the decision-making process.

    The statement read: “The EGM has been called for shareholders to consider the resolutions listed in the statutory notice. The key item is the proposal to undertake a capital raising exercise to inject capital of up to N17.5 billion naira into the business to fully recapitalise as required by the Nigerian Insurance Industry Reform Act, 2025.

    “It is worthy to note that Norrenberger Advisory Partners Limited had made a deposit for shares in 2023 in a sum of N2billion and it is proposed that this deposit be converted into equity through the creation and allotment of 1.25 billion ordinary shares of 50 kobo each at N1.60 per share, subject to the shareholders’ approval.

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    “This proposed conversion reflects continued shareholder support for IEI’s transformation and its ongoing efforts to build a more competitive and efficient business. The proposal is further supported by the Company’s recent performance and its 10x Story, which highlights the progress made in strengthening operations and laying a stable foundation for long-term growth. Details on how to join the virtual meeting, submit proxies, and vote have been shared with shareholders through the channels provided in the published notice”.

    IEI remains committed to open communication and good governance as it continues to advance its recapitalisation plans and long-term growth agenda, the company stated.

  • Finance, Insurance sector surges16.13% in Q2 2025, says NBS

    Finance, Insurance sector surges16.13% in Q2 2025, says NBS

    The combined Finance and Insurance sector of Nigeria has recorded a robust 16.13per cent growth year‑on‑year in the second quarter of 2025, according to the latest National Bureau of Statistics (NBS) Gross Domestic Product (GDP) report.

    This growth outpaced many other sectors, reinforcing the role of financial services including banking, fintech, and insurance, in driving economic activity and supporting overall GDP growth.

    The sector’s contribution to real GDP now stands at 3.60 per cent, up from 3.23 per cent in the previous comparable quarter.

    Although the Finance and Insurance category groups banks and insurers together, NBS data indicates a breakdown.

    It showed that financial institutions account for approximately 87.97 per cent of sector output, while insurance makes up the remaining 12.03per cent.

    Despite the impressive headline growth, economic analysts urge a cautious optimism, stressing that much of the expansion is being driven by banking activity and financial institutions, and not necessarily insurance.

    The CEO of CFG Advisory, Mr. Tilewa Adebajo described the performance as a step in the right direction.

    He added that Nigeria’s financial sector is responding well to reforms, but to create mass impact, the economy needs sustained eight to 10.

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    Adebajo stressed growth annually to uplift the middle class.

    On the insurance side, observers note that the recent spike may reflect increased demand for financial services, but they highlight the need for deeper penetration, better products, and stronger regulatory follow‑through for granting the insurance subsector a more visible share of the gains.

    The strong performance in the broader finance sector provides a favourable macroeconomic backdrop for insurers.

    Growing financial sector activity often leads to higher demand for risk‑management products, insurance penetration, and investment, all of which could benefit insurers.

    However, the growth momentum could strengthen calls for reforms like Capital injections, improved underwriting practices, digital transformation and stimulate investor interest in the insurance space.

    Overall, while the NBS numbers send an encouraging signal about Nigeria’s financial ecosystem, insiders caution that the insurance industry must capitalize on this momentum through strategic innovation, deeper market penetration, and improved transparency to turn macroeconomic gains into sector‑specific growth.

  • Recapitalisation: Lasaco Assurance to raise N36b capital

    Recapitalisation: Lasaco Assurance to raise N36b capital

    Ahead of insurance industry recapitalisation deadline slated for July 2026, Lasaco Assurance Plc has secured the approval of its shareholders to raise its capital level to N36billion.

    This will allow the company surpass the minimum capital requirements for a composite insurance company.

    Under the ongoing exercise, Life Insurance companies are expected to recapitalise to the tune of N10billion, General insurers N15billion and composite underwriting firms are to jack up capital to minimum of N25 billion.

    As a composite insurer, the targeted capital level will keep Lasaco Assurance solid among its peers post-recapitalisation.

    Addressing shareholders at an Extraordinary General Meeting (EGM) of the company in Ikeja, Lagos, the chairman, Mrs. Teju Philips, explained that, the meeting was convened to consider the company’s recapitalisation plan in line with the Nigerian Insurance Industry Reform Act 2025 which sets a new minimum capital requirement of N15 billion for non-life insurers and N10 billion for life insurance firms.

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    She stated that, the new standards would strengthen operators and enable them to take on more business, adding that, capital remains the primary determinant of underwriting capacity in the insurance sector.

    She reaffirmed that Lasaco remains a dependable institution with a strong record of meeting claims obligations and maintaining transparency in all operations.

    Mrs Philips presented the seven point agenda, with the central proposal being the increase of the company’s share capital from 11,083,585 units to 36,083,585 units through a private placement and rights issue.

    The meeting also agreed that the new shares would rank pari passu with existing ordinary shares and that the company’s authorised share capital should be adjusted to reflect the new threshold of N36 billion.

    Additional resolutions approved included amendments to the Memorandum and Articles of Association, granting directors the authority to conclude terms of the capital raising exercise, obtain necessary regulatory approvals and appointment of professional advisers.

    The company secretary was also authorised to complete all statutory filings at the Corporate Affairs Commission (CAC).

    Present at the meeting along with the chairman are Directors; Fola Tinubu, Ademola Oshodi, Abiodun Dosunmo, Ademoye Shobo. Also present are the Deputy Managing Director, Oluwatobiloba Lawal, Rilwan Oshinusi, and the Company Secretary, Mrs Gertrude Olutekunbi.