Dangote Foundation, WEF Unveil 2024 Class Of Dangote Fellows

Published

2 years ago

May 8, 2024

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Dangote Foundation, WEF Unveil 2024 Class Of Dangote Fellows—-Aliko Dangote Foundation (ADF), in conjunction with the World Economic Forum (WEF) and Forum of Young Global Leaders (YGL), has unveiled gifted and high calibre individuals for the esteemed 2024 class of the World Economic Forum Young Global Leaders (YGL) Dangote Fellows.

ADF and WEF, in a release, said, “With great excitement and anticipation, ADF and WEF announce this year’s cohort, a group of visionary leaders poised to make impactful contributions to global development, innovation, and leadership.

The WEF YGL Dangote Fellowship, a partnership between the Aliko Dangote Foundation and the World Economic Forum, identifies, engages, and supports outstanding individuals under the age of 40 who demonstrate exceptional leadership potential in various fields.

This year’s class, according to ADF and WEF embodies the diverse talents, expertise, and commitment to positive change that characterise the YGL community.

The selected young leaders are: Alloysius Attah, Co-Founder & CEO of Farmerline, Ghana; Angela Oduor Lungati, Executive Director of Ushahidi Inc., Kenya; Judy Sikuza, CEO of the Mandela Rhodes Foundation, South Africa; Lelise Neme Sori, Commissioner at the Ethiopian Environmental Protection Authority, Ethiopia, and Nomasonto Motaung, Deputy Minister in the Presidency Government of South Africa, South Africa.

Others include: Oluwatosin Olaseinde, Founder & CEO of Money Africa, Nigeria; Veda Sunassee, CEO African Leadership University, Mauritius, and Thabile Ngwato, CEO & Co-Founder of Newzroom 405, South Africa.

A statement jointly released by ADF and WEF, indicated that “For the first time, the newly inducted Fellows will convene for a transformative three-day retreat in Geneva, Switzerland, organised by the World Economic Forum Foundation. The retreat aims to provide an unparalleled opportunity for the new class of Young Global Leaders to connect with their peers, deepen their understanding of the YGL community, and align themselves with its core values.

“This gathering underscore the commitment of the Forum of Young Global Leaders to foster collaboration, innovation, and sustainable leadership among the world’s most promising young change-makers.

“We are thrilled to welcome the exceptional individuals who make up the Class of 2024 Aliko Dangote Fellows,” said Fatima Aliko Dangote, Aliko Dangote Foundation Board Trustee member. “Their diverse backgrounds, bold ideas, and unwavering commitment to driving positive change will undoubtedly enrich our community and contribute to shaping a more inclusive and sustainable future for all.

“We believe that these remarkable individuals will not only benefit from the resources and opportunities provided by the WEF YGL Dangote Fellowship but will also leverage their talents and expertise to address some of the most pressing challenges facing our world today,” she added.

Young Global Leaders are selected from a variety of sectors such as business, government, academia, media, non-profit organisations and arts and culture, and from all regions of the world. Young Global Leaders engage in initiatives that address specific challenges of public interest with the objective of shaping a better future.

The honour, bestowed each year by the Forum, recognises young leaders from around the world for their professional accomplishments, commitment to society and potential to contribute to shaping the future of the world.

The 2024 honourees will become part of the broader Forum of Young Global Leaders that convene at an Annual Summit, which are integrated into events organised by the World Economic Forum, and organise events of their own, as well as launch and lead their own innovative initiatives and task forces.

These activities enable YGLs to learn from and with each other; build knowledge and engender a better understanding of global challenges and trends, risks and opportunities; and further enhance their unique role as leaders within their own organisations, the World Economic Forum and the broader global community.

Past YGLs include: Uche Pedro, Founder & CEO Bella Online Media, Tokini Peterside, CEO Art X Collective, Oluseun Onigbinde, Co-founder BudgIT, Adebola Williams, CEO Red Media Africa, Dr. Tolu Oni, Associate Professor University of Cape Town & University of Cambridge.

Others are: Iyinoluwa Aboyeji, (ex-)CEO Flutterwave (now CEO Fund for Africa’s Future), Lois Auta, Founder & ED Cedar Seed Foundation, Ada Osakwe, Managing Partner Agrolay Ventures, Cynthia Mosunmola Umoru, Founder Honeysuckles PTL Ventures, Simon Kolawole, Founder & CEO Cable Newspaper, Tara Fela-Durotoye, Founder & CEO House of Tara, among many others.

Since its inception in 2011, the partnership between the Forum of Young Global Leaders and the Aliko Dangote Foundation has been instrumental in nurturing Africa’s next generation of leaders. Over the past decade, the Foundation’s support has empowered over 115 YGL Dangote Fellows, enabling them to accelerate their impact and catalyse lasting change across the continent and beyond.

The Aliko Dangote Foundation Fellows join a prestigious network of over 1,400 Young Global Leaders from diverse fields including business, government, academia, and civil society. Together, they represent a powerful force for driving positive change and addressing the world’s most pressing challenges.

The Forum of Young Global Leaders, established by the World Economic Forum in 2004, is a unique, multistakeholder community of more than 1,400 outstanding young leaders from around the world. Each year, the Forum recognises the most innovative, enterprising, and socially minded individuals under the age of 40 who are pushing the boundaries of global leadership and making a positive impact on society.

The Aliko Dangote Foundation, established by foremost Nigerian industrialist and humanist Aliko Dangote, is committed to improving the quality of life for people across Africa by supporting initiatives in health and nutrition, education, and economic empowerment.

The World Economic Forum is the International Organisation for Public-Private Cooperation. The Forum engages the foremost political, business, cultural, and other leaders of society to shape global, regional, and industry agendas.

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UBA, GTCO Lose ₦2.13 billion To Fraudsters Despite Heavy Cybersecurity Investments

Published

2 weeks ago

May 12, 2026

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UBA, GTCO Lose ₦2.13 billion To Fraudsters Despite Heavy Cybersecurity Investments—-Three of Nigeria’s largest financial institutions have reported combined fraud-related losses of approximately ₦2.13 billion in their latest audited financial statements, highlighting the growing threat of cybercrime and electronic banking fraud in the country’s financial sector.

The affected institutions include Access Holdings Plc, Guaranty Trust Holding Company Plc, and United Bank for Africa Plc.

According to details contained in the banks’ 2025 financial reports, fraud incidents linked to the three lenders totalled approximately ₦10.29 billion. However, through recoveries, transaction reversals, and security interventions, the banks were able to prevent or recover about ₦8.16 billion, leaving actual losses at approximately ₦2.13 billion.

Among the banks, Access Holdings recorded the highest direct loss to fraudsters, losing an estimated ₦1.24 billion within the financial year.

United Bank for Africa reported over 26,400 fraud-related incidents, with actual losses totalling approximately ₦621.57 million, while Guaranty Trust Holding Company recorded approximately ₦269.44 million in losses tied to fraudulent activities.

Industry analysts say the figures reflect the increasing sophistication of cybercriminals targeting Nigeria’s rapidly expanding digital banking ecosystem.

Most of the fraud cases were reportedly connected to electronic banking channels, including unauthorised transfers, mobile banking compromise, phishing schemes, identity theft, and other forms of digital payment fraud.

The development comes as Nigerian banks continue to accelerate the country’s transition toward a cashless economy through mobile banking platforms, internet banking services, agency banking networks, and digital payment systems.

Despite the losses, the financial institutions significantly increased investments in technology infrastructure and cybersecurity measures during the year under review.

Collectively, the banks reportedly spent over ₦280 billion on technology upgrades, fraud monitoring systems, customer authentication processes, and transaction security enhancements aimed at reducing cyber threats and protecting customer funds.

Meanwhile, the Central Bank of Nigeria has also intensified regulatory efforts to curb financial fraud across the banking industry.

The apex bank recently introduced stricter compliance measures requiring financial institutions to strengthen fraud detection systems, improve transaction monitoring, and respond more rapidly to suspicious activities and customer complaints.

Financial experts have warned that as digital banking adoption continues to rise across Nigeria, banks and customers alike must remain vigilant against increasingly advanced cybercrime tactics targeting the financial sector

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BREAKING: Dangote Refinery Hikes Petrol And Diesel Prices Amid Economic Strain

Published

3 months ago

March 9, 2026

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BREAKING: Dangote Refinery Hikes Petrol And Diesel Prices Amid Economic Strain—-Dangote Petroleum Refinery has revised its ex-depot prices, increasing the gantry price of Premium Motor Spirit (PMS), or petrol, to ₦1,175 per litre, while Automotive Gas Oil (AGO), commonly known as diesel, has been raised to ₦1,620 per litre.

The latest revision marks the fourth consecutive price review in less than two weeks amid global market volatility, according to a report by Petroleumprice.ng.

Quoting industry sources, the report noted that the new pricing template has been communicated to marketers, following earlier adjustments this month.

Under the revised structure, the ₦1,175 per litre petrol price reflects a significant jump from the previous ₦995 per litre, while diesel has surged sharply from its prior ₦1,430 per litre level, underlining the continued upward trend in domestic fuel pricing.

The development is likely to have a ripple effect across Nigeria’s downstream petroleum market, as depot operators and fuel marketers adjust supply costs in response to the revised prices announced by the country’s largest refining facility.

The refinery had yet to issue an official statement on the development as of the time of filing this report.

Oil prices soared 30 per cent today on fears about supplies from the Middle East, as the US-Israeli war against Iran continued into a second week with no sign of letting up.

Fears grew that the Middle East conflict could last for some time after US President Donald Trump said only the “unconditional surrender” of Iran would end the war.

He added at the weekend that the spike in prices was a “small price to pay” to eliminate Iran’s nuclear threat, reiterating the White House’s insistence that the rise is temporary.

Since the beginning of the war, WTI is up more than 75 per cent and Brent more than 60 per cent.

Attacks on oilfields were reported in southern Iraq and in the northern autonomous Kurdistan region, which forced a US-run oilfield to cease production, while the United Arab Emirates and Kuwait have started reducing output.

That came with maritime traffic in the Strait of Hormuz — through which a fifth of global crude and gas passes — halted since the war began on February 28.

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