Business

Mouka Rewards Business Partners, Staff with Over N111 Million Worth of Educational Support

Published

2 years ago

February 25, 2022

As part of its yearly Business Partner Awards, Mouka has rewarded its Business Partners with over N111,000,000 worth of scholarships, high-end laptops and educational materials for their children. In addition, 15 junior staff of Mouka went home with scholarships to the tune of N5,000,000 as an act of goodwill from the company.

The award presentation ceremony was held at D’Podium International Event Centre in Lagos. It was well attended by its Business Partners, staff, gentlemen of the media and other key stakeholders on February 5, 2022, where accolades were showered on the leading brand in the industry.

Speaking at the event, Mouka’s CEO, Raymond Murphy, praised the Business Partners who have stayed committed and contributed immensely to the company’s growth trajectory.

In his words, Ray Murphy said, “Their unwavering commitment is evident in their sales and distribution of Mouka’s portfolio of quality products to millions of consumers across the country. They have demonstrated an immense commitment to this partnership and Mouka’s revenue growth despite Nigeria’s economy for our mutual benefit. With extensive collaboration on many initiatives, they have made our brand a household name in Nigeria in pursuance of our mission of adding comfort to life”.

According to the Managing Director of Mouka, Femi Fapohunda, Mouka continues to look for ways to add comfort to the lives of its stakeholders, including its Business Partners.

“Mouka, for many, is a generational business passed from parent to child. Mouka seeks to empower the next generation of Business Partners through this initiative. We are safeguarding the future of our business by investing in our loyal Business Partners, their businesses and their families”, Fapohunda said.

ALSO READ Power firms owe banks N820bn, sector’s problems persist

The Company’s Chief Commercial Officer, Dimeji Osingunwa, said without the Business Partners, Mouka could not achieve such impressive brand penetration, a factor that has earned it the industry’s leadership position. To reward the continued commitment of these Business Partners, Mouka has consistently showered them with various gifts to expand their businesses while also safeguarding their health and wellbeing.

“In the recent past, we have presented trucks to our partners to ease the burden of distribution. Likewise, most of our Business Partners and their families are on various health plans fully catered to by Mouka. This year, we thought to ourselves, how else can we add comfort to the lives of these people whose dedication knows no bounds? We decided to reward them with over N111 million naira worth of educational support for their children to ease the burden of tuition. We believe this would further strengthen our relationship even as we continue to partner to ensure the Mouka brand remains Nigeria’s leading brand in this industry.”

Speaking on the scholarship presentation to junior staff, Ifeoma Okoruen, Mouka’s Head of Human Resources, said, “Mouka is a company that indeed values its people, continuously looking for ways to do right by them. From investing in training programs with the Lagos Business School to various welfare packages and incentives, Mouka always puts the needs of its people first. As an act of goodwill from the company, we decided to support our junior staff with scholarships for their children to lessen their burdens. The response from our people to this gesture has been simply overwhelming.”

ALSO READ LOMA Records Over 11,000 Votes as International Delegates Arrive Nigeria for Awards Ceremony

Eulogising the management of Mouka for the laudable scheme, Nollywood legend and Mouka brand ambassador, Sola Sobowale, said she is proud to be associated with such a brand that indeed cares for its people, partners and consumers. She also shared her experience with the brand since childhood while encouraging others to join the Mouka family. The A list celebrity also narrated how sleeping on Mouka has helped safeguard her wellbeing to ensure she stays on top of her game in the movie industry.

Similarly, the beneficiaries commended Mouka for the goodwill, which would relieve them of the stress of tuition fees. They said this came as a surprise, applauding the market leader as the huge gesture is unprecedented in the industry.

From Left: Mr. Raymond Murphy, CEO, Mouka; with Mr. Femi Fapohunda, MD, Mouka; Sola Sobowale, Nollywood Celebrity and Mouka Brand Ambassador; and Mr. Dimeji Osingunwa, CCO, Mouka; at the company’s Scholarship Awards ceremony where Business Partners received over N111,000,000 (One Hundred and Eleven Million Naira) worth of scholarships and educational materials at D’Podium Event Centre, in Lagos, on February 5, 2022.

From Left: Mr. Dimeji Osingunwa, CCO, Mouka; with Mr. Olamiji Odutayo, of Tolulobi Stores, a Business Partner; Mr. Raymond Murphy, CEO, Mouka; and Mr. Femi Fapohunda, MD, Mouka; at the company’s Scholarship Awards ceremony where Business Partners received over N111,000,000 (One Hundred and Eleven Million Naira) worth of scholarships and educational materials at D’Podium Event Centre, in Lagos, on February 5, 2022.

From Left: Mr. Dimeji Osingunwa, CCO, Mouka; with Mr. Emmanual Chima, of Starbiz Lynk Ventures, a Business Partner; Mr. Raymond Murphy, CEO, Mouka; Olamiji Odutayo, of Tolulobi Stores, a Business Partner; and Mr. Femi Fapohunda, MD, Mouka; at the company’s Scholarship Awards ceremony where Business Partners received over N111,000,000 (One Hundred and Eleven Million Naira) worth of scholarships and educational materials at D’Podium Event Centre, in Lagos, on February 5, 2022.

Up Next

Customers’ review down overestimated UBA mobile app

Don't Miss

Rite Foods Limited goes global, now Halal certified

Click to comment

Business

Oando, Tantalizer, other equity investors lose N40bn

Published

24 hours ago

September 23, 2023

Seun Okerayi

On Thursday, the Nigerian stock market experienced sell-offs that caused losses in Oando, Tantalizer, and other companies before the end of trade.

After five hours of trading today, the sell-offs reduced the equity capitalisation by N40 billion, from N37.40 trillion to N37.36 trillion.

The All-Share Index, which had previously closed at 68,335.72 but fell by 64.58 basis points to 68,271.14 today, mirrored the fall.

On Thursday, investors transacted 7,949 deals totaling 1.12 billion shares worth N5.81 billion.

More than 8,201 transactions totaling 566.63 million shares worth N5.38 billion were made on Wednesday by shareholders.

With a N0.15 kobo increase in share price, John Holt moved from N1.57 kobo to N1.72 kobo per share, topping the list of gainers.

In comparison to its starting share price of N0.21 kobo, DAAR Comm increased by 9.52 percent to close at N0.23 kobo.

Omatek’s share price increased from N0.42 kobo to N0.46 kobo, a 9.52 percent increase.

Mutual Benefit’s share price increased by 9.30 percent, rising from N0.43 to N0.47 kobo per share.

Shares of Sunu Assurance ended trading at N0.96 kobo, up 9.09 percent from N0.88 kobo.

Oando topped the losers’ table after shedding N1.45 kobo to drop from N14.60 kobo to N13.15 kobo per share.

Lasacol’s share price dropped by N0.20 kobo to end trading at N1.86 kobo from N2.06 per share.

Chams lost N0.14 kobo to end trading with N1.32 kobo from N1.46 kobo per share.

ALSO READ Stock Market New Lockdown Drags on European Stock Markets

NNFM lost N1.55 kobo to drop from N16.80 kobo to N15.25 kobo per share.

Tantalizer’s share dropped from N0.35 kobo to N0.32 kobo per share after losing N0.90 kobo during trading.

Universal Insurance topped the day’s trading with 669.01 million shares valued at N134.20 million.

Oando followed with 100.68 million shares worth N1.45 billion.

Japaul Gold sold 43.73 million shares worth N43.38 million.

Access Corporation traded 40.14 million shares valued at N681.94 million, while UBA sold 32.45 million shares valued at N552.75 million.

Business

President Tinubu Meets With Nigerians In US

Published

2 days ago

September 22, 2023

Seun Okerayi

President Bola Ahmed Tinubu has met with members of the Nigerians in the Diaspora Community in the US

The President tasked Nigerians living in the US to bring their resources to invest in the Nigerian economy.

President Tinubu said this in a meeting organised by the Nigerians in Diaspora Commission (NIDCOM) on the sidelines of the ongoing 78th session of the United Nations General Assembly (UNGA).

The President who advised the community to overcome setbacks asked the citizens to adopt a new mindset.

He further told the gathering at the Town Hall meeting that their fatherland had become home for business opportunities.

“I want to give you a measure that will resonate with you. I was once a Diasporan. What you have been through, I have been through it. A change of mindset is necessary. Take it this night that Nigeria is home for business opportunities.

“Also, anywhere you stay, there is always going to be an opportunity in it and in everything you do, there is always going to be an opportunity, if you know how to search and put your mind to it.”

President Tinubu expressed satisfaction with their conduct lauding their exemplary conduct and how they had continued to succeed in their country of residence.

“You are lucky to be among those who are celebrated for good manners and behaviour and are operating acceptably.

“I’m very proud of you; I have also been a beneficiary of inspiration, determination, commitment and perseverance and that is all you need to pull through.

“But, we need you back home, Nigeria has arrived; forget the frustration of the previous years’ leaderships,” President Tinubu said.

ALSO READ Wema Bank to support SMEs in Port Harcourt with SME Business School 4.0

The Nigerian leader stressed that his administration is currently reviewing the challenges of out-of-school children, and the healthcare programme to change narratives, he identified the need to eradicate poverty.

“Sincerely, we don’t have any reason to be poor. We are just poor in some leadership areas. That is what I harped on during my campaign. It was a very gruesome campaign but I won the election. If I didn’t throw myself into it with strong determination and resolve, I wouldn’t have won,” President Tinubu added.

Business

World Bank pledges to reposition Nigeria’s irrigation farming

Published

2 days ago

September 22, 2023

Seun Okerayi

The World Bank announced its commitment to reposition Nigeria’s irrigation farming for sustainable economic development and for food security on Thursday in Abuja.

It announced the commitment when its team on Sustainable Power and Irrigation in Nigeria/ Transforming Irrigation Management in Nigeria, (SPIN/TRIMING) project officials visited the Minister of Water Resources and Sanitation, Prof. Joseph Utsev.

The officials were led by Mr Jun Matsumoto, the Team Lead. Matsumoto acknowledged the successful transformation of irrigation asset management in Nigeria through the establishment of water users associations.

He noted the pivotal role played by the associations in ensuring the sustainable management of irrigation resources and called for support in achieving the project’s objectives.
He emphasised the critical importance of collaboration in the upcoming SPIN project and elaborated on its core objectives.

Matsumoto said one of the objectives was the utilisation of existing water resources infrastructure to address Nigeria’s water resources and energy requirements.

He said the project would include comprehensive technical assistance studies focused on large-scale water resources management, and the development of multi-purpose dam hydropower projects.

Responding, Prof. Utsev said achievements already recorded in Nigeria’s TRIMING project was impressive.

He emphasised the integral connection between economic sustainability and food security underlining the TRIMING project’s pivotal role in enhancing food production.

The minister welcomed the proposal to replace TRIMING, set to expire in 2024, with SPIN, saying it would address Nigeria’s pressing challenges in the area of food sufficiency.

ALSO READ First Bank trembles as Otedola divests N15.5bn shares in FBN Holdings

Prof. Utsev reaffirmed Federal Government’s commitment to food security, improved irrigation techniques, and enhanced farming practices across the country.

He expressed gratitude to the World Bank for the remarkable progress recorded on the project over the past nine years and expressed optimism that it would yield even more significant outcomes.

TRIMING strengthened quality of and access to productivity-enhancing and market access services for 130,000 farmers in four rehabilitated irrigation schemes.

They are the Bakolori Irrigation Scheme in Zamfara, Middle Rima Irrigation Scheme in Sokoto State, Kano River Irrigation Scheme, and Hadejia Valley Irrigation Scheme in Jigawa state.

The project provides technical assistance to establish a Farmers’ Management Centre at each of the irrigation schemes.