Connect with us

Business

Dangote Cement to empower local communities in its Alternative Fuel Project value chain 

Published

on

Dangote Cement

As a business continually driving values for its stakeholders, Dangote Cement is to empower stakeholders in the value chain of Palm Kernel Shell (PKS) supply as part of its strategies to shore up and sustain its availability as a waste that is co-processed in the cement kiln in order to recover energy.

This, the cement manufacturer, said is part of its contribution to the global environmental preservation efforts and circular economy. 

To this end the company has instituted periodic value chain analysis and community engagements with the waste (PKS) collectors as well as the palm oil millers in communities across Nigeria to explore avenues to empowering them to bolster production which in effect will lead to sustainable generation of PKS to be co-processed in the cement kilns, leaving zero waste. 

A team from Dangote Cement led by the Head, Alternative Fuel Project, Engr. Peter Anagbe and Head, Sustainability, Dr. Igazeuma Okoroba was at one of the farm settlements in Ikire, in Irewole local government area of Osun State where PKS are sourced to ascertain the needs of the community and ways through which the company can empower them. 

Engr. Anagbe told the community that Dangote Cement was desirous of ensuring sustainable collection of waste materials in the form of PKS, as a means of improving the environment and an addition to the source of livelihood for them. 

He urged the people to always look at alternative value adding opportunities to wastes in whatever they are doing taking a cue from the PKS which hitherto was a waste which is openly incinerated, causing environmental pollution.   

One of the community leaders, Elder Hammed Adekunle, who conducted the team round the site of palm oil mills in the area explained that the main stay of the community economy is palm oil milling and that the use of PKS for co-processing, offered them opportunity to expand and diversify. 

He lamented that the process of palm oil production, which in turn generates PKS waste, is a very tedious one and would appreciate any support from Dangote Cement for them to acquire modern machines to process the palm oil and in turn, generate the PKS.

The entire process of getting PKS from the harvesting of palm tree, he disclosed, involves as much as 30 people depending on the volume of the palm tree being harvested. 

Elder Adekunle expressed gratitude at the gesture of the management of Dangote Cement noting that the cement company was the first to pay them a visit and show empathy saying “this means Dangote cement values us as a critical stakeholder in the value chain of ensuring zero waste-to-landfill by evacuating the waste palm kernel shell (PKS). 

Earlier, the Dangote team met with the various stakeholders within the Ikire hub, during which the actors in the value chain enumerated the challenges faced by them while trying to collect the waste from different locations. 

According to one of them, Prince Oloyan Lawal, a general challenge faced by them is the issue of logistics as they have to move from one settlement to the other to collect the waste and the settlements are usually not motorable. 

Speaking on behalf of others, he thanked the Dangote Cement team for coming to enlightening them the more on waste management and the benefits inherent in the value chain. He stated that most of them are farmers and that the value exchanged for the waste (PKS as a by-product of palm oil) collection is seen as a part time activity and given the enlightenment by Dangote Cement team, they would devout more attention to the activity.

Engr. Anagbe and Dr. Igazeuma urged the stakeholders to have an open mind-set towards a circular economy as most of the materials which are dumped as wastes are now sources of waste-to-wealth which goes a long way to improve the environment as well as the economy of the rural dwellers. 

They assured that Dangote Cement would partner with them to ensure that they reap the desired benefits from the culture of turning waste to wealth and protecting the environment. 

The team later headed to Ibese cement plant on a tour of the Alternative Fuel Pneumatic Feeding System and the PKS storage area. The feeding system was fabricated and assembled in-house, using obsolete equipment that were recycled. The feeding system systematically dozes the PKS into the calciner of the cement kiln, where the waste is co-processed at high temperatures, leaving zero waste and emissions. 

Acting Ibese Plant Director, Mr. Myneni Nageswara, who received the team members, thanked them for its efforts at ensuring that Dangote Cement is not left behind in the global efforts at providing alternative fuel sources to traditional fossil fuel, thereby mitigating the impact of emission and conserving energy. 

He particularly praised the Ibese team for a job well done in the fabrication of the Pneumatic Feeing system which uses the PKS to thermally substitute the heat energy required by the kiln in the cement making process. He urged management to fast-track installation of additional feeding systems to increase the waste co-processing capacity of the plant.     

Engr. Anagbe explained that the visit was necessitated by the shift in global attention to alternative fuel sourcing, which is expected to contribute to the realization of ‘zero emission’ and ‘zero waste’ concepts. He added that alternative fuel can be produced from other agricultural wastes, municipal wastes, commercial and industrial wastes, thereby contributing to minimize waste to landfills.

CAPTION:

Dangote Cement Plc joined the rest of the World to mark the Mother Earth Day in grand style with series of activities by the Dangote Cement Plc’s Sustainability and Alternative Fuel Project team. The team visited select Palm Kernel Shell (PKS) value chain stakeholders in Ikire in Irewole Local Govt area of Osun state and the PKS PneumaticsFeeding System used in Dangote cement, Ibese cement plant.

Click to comment

Leave a Reply

Your email address will not be published.

Business

Sterling Bank Worker On The Run Over N300m Belonging To Customers

Published

on

Sterling Bank Worker On The Run Over N300m Belonging To Customers

One Favour Fame-Eruagbere, who works with Sterling Bank Plc in Delta State, is currently on the run after defrauding customers of the financial institution of N300 million.

According to multiple reports, the female Sterling Bank staff approached some account owners to grant her permission to use their money for a business.

Fame-Eruagbere allegedly did this on the promise that she would be giving each of them a certain percentage every month.

However, one of the bank’s customers who raised an alarm on the matter, noticed that she stopped reporting to the bank, and she could no longer be reached via her mobile phone as her lines became unreachable.

When the customer embarked on a journey to her house around Living Faith Church at water resources, Effurun, she discovered that Fame-Eruagbere had absconded.

The whole thing backfired when many people she gave money to, refused to pay back. I think the lady didn’t run away with the money, but she is only being owed by those she gave the money to.

She is nowhere to be found, nobody knows her whereabouts, whether she has travelled out, dead or still alive.

In fact, the office is in crisis, as many people might be sanctioned because of the issue, especially the operators who carried out the transactions for her,” a source familiar with the matter stated.

What this means for Sterling Bank

With this development, Sterling Bank will have to fight to be reputed to the investing public, customers, and shareholders. This is because, amongst other things, trust is the most valuable asset for financial institutions.

Continue Reading

Business

FG Assures Nigerians Of Fuel Scarcity Resolution

Published

on

FG Assures Nigerians Of Fuel Scarcity Resolution

The Federal Government has assured Nigerians of resolving the long queues at petrol stations brought about by fuel scarcity.

The Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr Farouk Ahmed disclosed this to newsmen, saying that Authority is monitoring all petrol stations.

“We are actually trying to monitor the dispensing to ensure that all the stations with petrol are dispensing all their trucks to reduce the long queues and ensure efficiency in service.

READ ALSO: Presidency Says NEC Yet To Decide Fuel Subsidy Removal Date

“We are monitoring the depot sales also, checking the number of trucks that loaded; this is a serious fact which we look at.

“There has been a lot of improvement in the distribution of PMS, we have gone round the Airport road and saw a lot of stations selling and discharging fuel.

“The queues are not long like before and the average trucks we have received in Abuja in the last three days are about 140 trucks against 70 trucks to 80 trucks received before; so there is a lot of improvement.

“Credit also goes to transporters because now they are reacting to the President’s offer of additional N10 as an incentive on their transportation charges. At least we are seeing the improvement.”

He said inspection is being carried out, aimed at taking action to enforce the regulations by following up warning given to the oil marketing companies, particularly those selling over the official price.

Continue Reading

Business

N23Bn Scandal: MTN’s MoMo Request Refund From 18 Commercial Banks

Published

on

N23Bn Scandal: MTN’s MoMo Request Refund From 18 Commercial Banks

MTN Nigeria’s banking subsidiary, Momo Payment Service Bank Limited (MPSBL), has filed a suit, requesting customer refunds from 18 commercial banks.

The suit which was filed by the mobile money bank’s lawyer, Lotana Okoli SAN) stated that the 700,00 transactions performed were all fraudulent.

Adding further, Momo also requested that customer information into whose accounts were funded should be revealed.

“Under the Central Bank of Nigeria (CBN) Regulation on Instant (Inter-Bank) Electronic Funds Transfer Services, made pursuant to sections 2(D), 33(1)6) and 47(2) of the CBN Act 2007, it is incumbent on the banks to make refunds and provide the required information. He revealed.

READ ALSO: Apple Preparing to Release a “Flood” of New Products this Fall

The Chief Executive Officer (CEO) of MPSBL’, Anthony Usoro Anthony said in a supporting affidavit that his bank suffered “a system exploitation” on May 24, 2022, during which 700,000 transactions were processed with credits being made into about 8,000 accounts in the 18 banks being requested to make the refunds.

“Upon becoming aware of the incident, the service was shut down, to limit the impact and triggered engagements with the defendants (the 18 banks) through the Nigeria Inter-Bank Settlement System (NIBSS) for the commencement of recovery activities from the accounts of the various beneficiaries in the various banks. He said.

“We were able, through system checks, to confirm the banks and accounts into which the various sums of money were transferred into.

“We were also able to confirm how much was paid into each bank account in total. The said list of accounts that received the funds was made available to the respective banks as a preliminary step to mitigate the applicant’s losses.

“The transfers were due to the fact that the plaintiff suffered system exploitation which led to the said debits.

“There is no transaction between the plaintiff and the recipient account holders that warranted the transfer of the funds to that account.”

Anthony added that his organization’s resort to the court was informed by the bank’s insistence that they needed to be ordered by the court before they could act.

The MPSBL CEO stated that the organization was “carrying out investigations internally and externally to ascertain the actual cause of the debits”.

“The defendant banks have requested an order of court mandating the defendant banks to reverse the credits made into their customers’ accounts before the defendants can do so. “

“The plaintiff is entitled to a return of its money and has demanded the return of the money into its settlement account in the name MOMO PSB settlement account number: 2041379385 held in First Bank Plc, Samuel Asabia House, 35 Marina, Lagos.

“It is the understanding of the plaintiff that prior to the defendant banks being informed of the fact that the credits into their customer accounts were unauthorized that some withdrawal transactions had already been carried out by some of the customers.

“This has necessitated the application for information regarding these customers and the banks and accounts to which they transferred the said funds in order to enable the plaintiff to trace the funds to those banks.

“By virtue of the provisions of the CBN Regulation on Instant (Inter-Bank) Electronic Funds Transfer Services, made pursuant to sections 2(D), 33(1)6) And 47(2) of the CBN Act 2007 the plaintiff is entitled to a return of its money and the provision of the information which it requires from the defendants.

“The plaintiff is also entitled to the support of the defendants in the recovery of any sums which have been removed from the customer accounts in the defendant banks the reliefs it is aiming in this action.”

The plaintiff is praying to the court for the following reliefs:

* A declaration that the deposits of an aggregate sum of N22,300,000,000.00 erroneously transferred by the plaintiff to the accounts of the customers of the defendant banks, having been done in error, belongs to the plaintiff and not the customers of the defendant banks.

* An order directing the defendant banks to each, individually, account for the sums available in their customers’ accounts and the sums which have been removed by the customers and are no longer available.

* An order directing the defendant’s banks to immediately return the aggregate sum of N22,300,000,000.00, less those funds that are no longer available, to the plaintiff’s settlement account in the name MOMO PSB settlement account number: 2041379385 at First Bank Plc Samuel Asabia House 35 Marina, Lagos, from where the funds originated.

* An order directing the defendant banks to release all information, including account name information in respect of the accounts from which the plaintiff’s funds have been transferred to third parties, including the destination accounts and the banks in which they are held to assist in the tracing and recovery of those funds.

Continue Reading

Trending