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OfadaBoy, PocketMoni, LASG, Others to Power 7th Edition of Ofada Rice Day Festival

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OfadaBoy, PocketMoni, LASG, Others to Power 7th Edition of Ofada Rice Day Festival—-OfadaBoy, PocketMoni, LASG is set to power the 7th edition of Nigeria’s largest indigenous food festival dedicated to celebrating Nigerian heritage and promoting nutritious, locally grown cuisine. The event themed Eko Dun Joor is scheduled to be held on Sunday, December 7, 2025, at Muri Okunola Park, Victoria Island, Lagos.

This year’s theme is to Celebrate Innovation, Identity and Nigeria’s Culinary Future,” reflects the festival’s mission to champion homegrown foods, deepen cultural pride, and reinforce the importance of healthy, locally sourced meals.

Eko Dun Joor is swiped around Lagos’ essence and rich culture, which is in alignment with the core focus of Ofada Rice Day Festival.

The festival, sponsored by PocketMoni, Goldberg, Maltina, Fatgbems Group, Action Bitters is convened by Tobi Fletcher, Creative Director of OfadaBoy and President of the Association of Professional Food Service Providers of Nigeria (APFSPN), in partnership with his wife and co-partner, Oyinda Fletcher.

Speaking during a press briefing, Fletcher assured that the 2025 edition would be an unforgettable celebration of food, culture, and innovation.

“I speak today as the Convener of the Ofada Rice Day Festival, Creative Director of OfadaBoy, and President of APFSPN; standing proudly with my wife and Co-Partner, Oyinda, and our dedicated team who have worked tirelessly to make this year’s festival possible.

“Our theme is not just a concept; it is a reflection of my personal journey, my heritage, and our collective mission,” he said.

He revealed that the festival will feature performances by iconic Fuji star, Obesere, rap sensation, Reminisce, and high-energy bandleader Segun Johnson.

Fletcher stated that his connection to Ofada rice goes beyond business, tracing his roots to a line of first-generation rice farmers.

“My great-grandfather was the first Ofada rice farmer. It is a legacy built on sacrifice, innovation, and tradition. This work is a continuation of that story; a responsibility I carry with pride,” he said.

With nearly two decades of experience in the hospitality and food service space, Fletcher said he has witnessed the evolution of Nigerian cuisine; from challenges to breakthroughs; and believes strongly in the future of local foods.

“Ofada has risen from a small village staple to a national treasure and an emerging global culinary identity,” he noted. “Its rise represents the rise of Nigerian farmers, homegrown food businesses, cultural pride, and innovation in our food system,” he said.

Fletcher emphasised that Ofada rice is now more than just a meal; it is a cultural and economic movement entering a new era of modernization and global relevance.

This year’s festival will spotlight innovation through: new Ofada-based products, creative culinary presentations, sustainable farming solutions, young entrepreneurs redefining food culture and technologies enhancing processing, packaging, and distribution

At its heart, he said, the Ofada Rice Day Festival remains committed to empowering local food sellers, market women, small-scale vendors, cooks, and emerging food entrepreneurs.

The 2025 edition will also feature: cultural and artistic showcases, innovation hubs, farmer and producer conversations, food exhibitions and tastings, culinary competitions, and panel discussions with industry experts.

Lagos State Commissioner for Agriculture and Food System, Mrs. Abisola Olusanya lauded the organisers and reaffirmed the state government’s support.

She reiterated that Governor Babajide Sanwo-Olu’s administration will continue to prioritise increased food production and improved food systems across the state.

Also speaking, Ifeanyi Chukwuekem, Head of Corporate Strategy for PocketMoni; the festival’s headline sponsor; expressed pride in partnering with OfadaBoy.

“It is important to align with a strong indigenous brand like OfadaBoy. We also want Nigerians to better understand what PocketMoni represents.

“We are the only fintech listed on the Nigerian Stock Exchange, which speaks to our roots. At the festival, we will host an experience centre to further engage guests,” he said.

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Kyari Reacts To Senate Arrest Warrant, Says He Notified Committee of Medical Trip Abroad

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Kyari Reacts To Senate Arrest Warrant, Says He Notified Committee of Medical Trip Abroad

 

….Denies Dodging Probe, Pledges to Appear After Treatment

By Adesina Adeleja

 

Former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has described the Senate Committee on Public Accounts’ decision to issue an arrest warrant against him as “deeply shocking.”

In a formal letter addressed to the committee chairman, Kyari clarified that he had earlier informed the panel of his inability to appear due to medical treatment abroad.

“I refer to the news of the arrest warrant issued against me during the proceedings of your esteemed Committee today, 10th June, 2026. I am deeply shocked by the issuance of the warrant,” Kyari wrote.
He referenced a letter sent to the committee on May 11, 2026, in which he notified lawmakers that he was receiving medical care outside the country. In that correspondence, Kyari expressed his willingness to honour the committee’s invitation upon his return to Nigeria and offered to provide written responses to any urgent questions through his legal representatives.

“I also expressed my willingness to honour the Committee’s invitation as soon as I return to Nigeria,” he stated. “I wish to reiterate that I remain very willing and ready to honour the invitation of the Committee and to appear before it once I return to the country.”

Kyari firmly denied any attempt to evade the Senate’s invitation, noting that he had not received any fresh summons before the warrant was issued.

“However, I wish to respectfully state that I have neither received nor sighted the said invitation,” he said. “Had the invitation reached me, I would have gladly honoured it.”

The former NNPCL boss explained that his current medical condition has made it impossible for him to appear in person. He urged the committee to channel any questions or requests for clarification through his legal team to ensure prompt responses while he continues treatment abroad.

Kyari assured the Senate of his full cooperation and respect for the legislative oversight process. He pledged to appear before the committee personally as soon as his health permits.

Defence of Tenure

In the letter, Kyari also defended his leadership of the national oil company, stating that his team transformed NNPCL from a loss-making entity into a profitable commercial organisation. He added that all transactions during his tenure were properly documented and remain available for scrutiny at the NNPCL.
“I remain deeply grateful to my country for the opportunity afforded me to serve with utmost diligence and commitment,” he said.

Background

The Senate Committee on Public Accounts issued the arrest warrant after Kyari failed to appear at its sitting. The panel is investigating financial records and transactions of the NNPCL, including allegations surrounding over ₦210 trillion.

The motion for the warrant was moved by Senator Victor Umeh and seconded by Senator Adams Oshiomhole.

Kyari’s latest response appears aimed at dispelling suggestions of deliberate non-cooperation, attributing his absence primarily to health reasons and possible communication gaps regarding subsequent invitations. He has maintained that he has nothing to hide and remains committed to assisting the investigation.

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Alpha Morgan Bank Delivers Historic N1.9 billion PBT in First 10 Months of Operations

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Alpha Morgan Bank Delivers Historic N1.9 billion PBT in First 10 Months of Operations

 

Alpha Morgan Bank has announced a landmark financial performance, recording Profit Before Tax of N1.9 billion in just 10 months of operations, a result that stands as a major milestone in Nigeria’s banking industry and reinforces the Bank’s emergence as one of the country’s most remarkable new-generation financial institutions.

With this performance, Alpha Morgan Bank did not only break-even within an exceptionally short period, but also delivered what is believed to be a record-setting early-profit performance in the Nigerian banking sector, underlining the strength of its strategy, the discipline of its execution and the confidence the market has placed in its business model.

The Bank’s strong debut performance was supported by robust growth across key financial and operating indicators. Highlights of the 10-month financial statement include customer deposit of over ₦103BN, gross earning of ₦13.1 billion, net interest margin of 67%, non-performing loan ratio of 0%.

The performance was driven largely by strong synergy in customer acquisition and branch expansion, a deliberate focus on growth in demand deposits, creation of quality risk assets and balance sheet efficiency. These achievements were further supported by robust operational processes powered by sound technology and systems, management depth and expertise, experience and strategic oversight provided by the Bank’s Board.

Speaking on the performance, the Managing Director, Ade Buraimo, described the result as a significant validation of the Bank’s vision, business model and execution capacity.

“This is more than a financial milestone; it is a strong statement of what is possible when vision, discipline, sound execution, and market opportunity come together. From inception, Alpha Morgan Bank was built to be a commercial bank that is solution-driven and committed to delivering value at scale. To record a PBT of N1.9 billion in our first 10 months of operations is both historic and deeply encouraging. It reflects the dedication of our people, the trust of our customers and the solid foundation we have laid for long-term growth.”

 

 

 

About Alpha Morgan Bank

Alpha Morgan Bank is a customer-centric, innovative, and solutions-driven commercial bank, with a clear commitment to delivering “Satisfying Banking.”

Alpha Morgan Bank commenced operations in March 2025 with the rare distinction of regulatory approval for 14 branches across the country. This early footprint, combined with disciplined market execution, has enabled the Bank to build momentum across key business segments in record time.

Alpha Morgan Bank focuses on:

  • Human-Centred Technology: Digital tools designed for intuitive, everyday relevance and not vanity metrics.
  • Transparent Operations: From pricing to service promises, every process is clear, accountable, and customer friendly.
  • Customer-Centric Innovation: Continuously developing solutions and services driven by customer insights to deliver meaningful value and enhance satisfaction.

More than a financial institution, Alpha Morgan Bank positions itself as a partner in progress. Its vision is to drive possibilities, enable dreams, and reemphasize what it means to experience Satisfying Banking in Nigeria.

More about Alpha Morgan Bank on www.alphamorganbank.com

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