Seplat Crisis Deepens as Court Suspends the Chairman, CEO and Others

Seplat Energy Crisis Deepens as Court Suspends the Chairman, CEO and Others

 

There’s no indication that the crisis rocking Seplat Energy Plc may abate anytime soon. The crisis took a turn for the worse, yesterday, as a Federal High Court sitting in Abuja, suspended the company’s Chief Executive Officer, Mr. Roger Brown, and Board Chairman, Mr. Basil Omiyi, pending the determination of the Motion on Notice for Interlocutory Injunction filed by some aggrieved shareholders of the company.
Suspended by the court, also, were Seplat’s Independent Non-Executive Directors (INEDs): Ms. Emma Fitzgerald, Dr. Charles Okeahialam, Professor Fabian Ajogwu, Mr. Rabiu Bello, and Mrs. Bashirat Odenewu, as well Company Secretary, Mrs. Edith Onwuchekwa, and Chief Operating Officer, Mr. Samuel Ezeugwuorie, who were listed as second to 10th defendants alongside the CEO and the Chairman.The court consequently ordered the Securities and Exchange Commission (SEC) to immediately appoint suitable persons to run the affairs of the company, pending the determination of the Motion on Notice filed by the applicants.
The orders were made by Justice Inyang Ekwo, sequel to an ex-parte motion filed by Juliet Ebere Gbaka, Margret Awobusuyi Funmilayo, and Clement Akaeme, Plaintiffs, against the company, its board and management, with SEC, Datamax Registrars Limited, and PriceWaterHouseCoopers as Respondents in the lawsuit marked FHC/ABJ.CS/626/2023.Ekwo made the order, stating, “Order is hereby made restraining the second to the 10th Defendants, their agents, privies, assigns, personal representatives, anyone acting on their behalf or instruction, from operating or functioning as officers of the First Defendant (Seplat Energy), pending the hearing and determination of the Motion on Notice for Interlocutory Injunction filed by the Applicants.

 

“Order is hereby made restraining the second to the 10th Defendants from taking decision or any action whatsoever in respect to the day-to-day running of the First Defendant, pending the hearing and determination of the Motion on Notice for Interlocutory Injunction filed by the Applicants.

“Order is hereby made suspending the second to 10th Defendants as directing minds and secretary of the 1st Defendant, pending the hearing and determination of the Motion on Notice by the Applicants,” Justice Ekwo ruled after hearing Dr. A.I Layonu (SAN), counsel for the plaintiffs.

 

In a separate ex-parte order, Ekwo, among others, granted the applicants the leave to serve their Originating Summons and their frontloaded court processes dated 8th May, 2023, Motion on Notice for Interlocutory Injunction dated 8th May, 2023, all orders made in respect of the suit and all subsequent Court processes filed by the Applicants on second to 10th Defendants by delivering a copy of the court processes to the registered address of the Seplat at 16A, Temple Road, Ikoyi, Lagos State.

 

The court adjourned the matter to May 23, 2023, for hearing of the Motion on Notice.

 

The crisis rocking the foremost indigenous energy company had resulted in a floodgate of litigations, with the Corporate Affairs Commission (CAC) pulling out of the firm’s Wednesday’s Annual General Meeting (AGM), citing an order of the Federal High Court, Abuja, restraining the embattled directors of Seplat from conducting the exercise.

 

The CAC had, in a letter signed by Mr. Lugman Salman, for the Registrar-General, stated, “As you may be aware, the Commission is the 10th Respondent in Suit No: FHC/ABJ/PET/8/2023 between Boniface Okezie & 4 Ors Vs. Seplat Energy PLC & 9 Ors. As you may also be aware, the court had on the 28th April 2023 ordered that parties should not tamper with the res until issues are resolved.

“In view of the order of the court referred to above, the Commission, being a party to the suit, is under the obligation to obey the order. The Commission will therefore neither attend the AGM nor give cognisance to any resolution that may arise therefrom.”

 

However, in a swift reaction to the court order, Seplat vowed to take immediate steps to counter the court order.

Seplat, in a statement issued last night, signed by Mrs. Chioma Afe, of its Communications and External Affairs Directorate, said the company had immediately filed an appeal to counter the interim orders against its officers.

 

It said as a law-abiding entity, it had defended the Interim Orders by immediately filing an Appeal and a Motion for Stay of Execution of the Orders.

 

Seplat Energy explained that it had been advised by its legal team that the interim orders, which were yet to be served on the company or its officers, could not be enforced until the Court of Appeal had heard and determined the appeal and application for Stay of Execution.

The statement read, in part, “Seplat Energy is aware of certain media publications that the Federal High Court, per Hon. Justice I. E. Ekwo, sitting in Abuja in suit number FHC/ABJ/CS/626/2023 – Juliet Gbaka & 2 others v. Seplat Energy Plc & 13 others granted ex parte Interim Orders against Seplat Energy and some of its Officers.

 

“The interim orders, which are yet to be served on the company or any of the affected officers, primarily restrain the Board Chairman, the named Independent Non-Executive Directors, the Chief Operating Officer and the Company Secretary from operating or functioning as officers of Seplat Energy in any capacity, or otherwise conducting the affairs of the Company.

“The company, as a law-abiding entity, has defended against the Interim Orders by immediately filing an Appeal and a Motion for Stay of Execution of the Orders.

 

“Seplat Energy has been advised by its legal team that the Interim Orders, which are yet to be served on the Company or its officers, cannot be enforced until the Court of Appeal has heard and determined the Appeal and application for Stay of Execution.

 

“This petition is a third in the series of duplicative petitions filed by purported minority shareholders between March and April 2023, as part of orchestrated attempts to damage the Company in response to its unrelenting efforts to improve corporate governance by eliminating related party transactions and implementing other corporate governance initiatives.”

 

The Seplat statement further read, “The company previously announced that: The Federal High Court in Lagos, per Hon. Justice Aneke, in Moses Igbrude & 4 ors V. Seplat Energy & 2 ors, has vacated the ex parte Interim Orders that required the Company’s CEO to step aside.”

 

The Federal High Court in Abuja, per Hon. Justice Ekwo, V. Seplat Energy & 8 ors, had formally dismissed the Immigration Charge against the Company and some of its Officers, and fully discharged all named Officers.

“This discharge followed the Notice of Withdrawal/Discharge filed by the Director Legal of the Nigeria Immigration Service and the Company’s cooperation with the immigration authorities.

 

The Federal High Court in Abuja, per Hon. Justice Ekwo, in Boniface Okezie & 4 ors. V. Seplat Energy & 9 ors, refused to grant to the petitioners’ request to grant ex parte Interim Orders restraining the Company from holding its AGM.”

 

The company noted that it remained relentless in its commitment to governance and operational excellence.
Seplat maintained that it would continue to, “diligently defend against these deliberate court actions, and remains confident and hopeful that the courts will appropriately address these unending litigations on the same subject matter in short order. It is imperative to state again that the company and the affected officers are yet to be served with any order of the court apart from the media report.”

WEMA BANK UNVEILS LATEST BRAND JINGLE FOR ALAT BY WEMA

WEMA BANK UNVEILS LATEST BRAND JINGLE FOR ALAT BY WEMA

L-R: Sounds of ALAT Judges, Cobhams Asuquo, Alpha Ojini, MD/CEO, Wema Bank, Moruf Oseni, Sounds of ALAT, Judge,Omawumi Megbele,Event Host,Tobi Bakre; Head, Brand and Marketing Communications, Wema Bank, Mabel Adeteye; at the bank’s anniversary party held at Harbour Point, Lagos.

Wema Bank, Nigeria’s leading innovative bank, has unveiled the latest brand jingle for its digital banking application, ALAT by Wema which is set to become an instant hit with customers and music lovers alike. The new jingle is part of the bank’s continuous efforts to connect with its target audience while staying true to its core values of innovation, excellence, and customer satisfaction.

The jingle, which was created by the winner of its Sounds of ALAT competition, Onyelisigwe Bright and produced by one of Nigeria’s biggest talents in the entertainment industry, Cobhams Asuquo, features an upbeat, catchy tune with lyrics that reflect the bank’s commitment to providing top-notch financial services to its customers. It is designed to evoke a sense of positivity, energy, and optimism, reflecting the bank’s vision of a brighter future for all its stakeholders.
Commenting on the new jingle, Wema Bank’s Head of Brand & Marketing Communication, Mabel Adeteye, said: “We are thrilled to unveil our latest brand jingle, which we believe captures the essence of our brand and what we stand for. We wanted a jingle that would resonate with our customers and make them feel proud to be associated with Wema Bank. We are confident that this new jingle will do just that and more.”
The new jingle is already generating buzz on social media, with many customers and music lovers praising its catchy tune and positive message. It will be featured in all the bank’s marketing campaigns, including television and radio commercials, online ads, and social media.
Wema Bank has a long history of innovation and excellence in the Nigerian banking industry, and the new jingle is just the latest example of the bank’s commitment to staying ahead of the curve and delivering value to its customers. Customers can download the jingle.

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Быстрая регистрация на 1хслотс с щедрыми бонусами


Быстрая регистрация на 1хслотс с щедрыми бонусами

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Wema Bank Launches Upgraded ALAT for Business Digital Banking App

Wema Bank Launches Upgraded ALAT for Business Digital Banking App

Wema Bank, Nigeria’s leading innovative bank, has launched the upgraded version of its corporate digital banking application, ALAT for Business 2.0. The launch took place on May 3rd, 2023, during the bank’s Digital Week activities themed “Changing The Digital Dynamics In Nigeria” in celebration of the bank’s anniversary.

During the virtual event, Samuel Robson, the Product Owner, expressed his excitement to announce the launch of the new and improved ALAT For Business. He explained that the upgraded version offers an intuitive and seamless experience with enhanced security features and greater functionality. The app’s fresh new look and feel make it more user-friendly and engaging, while the omnichannel experience allows users to access their account from any device with ease.

 

As a sole proprietor, ALAT for Business 2.0 offers an on-boarding feature to make opening and managing an account easier. The app is also accessible to multiple users, enabling account access sharing with team members or family members and revoking it with ease.

During the virtual event, Oyindamola of Total Data Limited and Dr. Mark of Jendol Superstore shared their positive experiences using the application. They praised the app’s user-friendly interface, which aided the ease of making bulk payments to various vendors and sorting out payroll for various businesses without any hassle.

The Chief Digital Officer, Olusegun Adeniyi, highlighted Wema Bank’s commitment to the future of banking by developing tailored solutions and ensuring the bank covers various verticals beyond the financial ecosystem.

The upgraded ALAT for Business is now available on various app stores, offering an improved user-friendly interface, interbank & intrabank transfers, multiple user accessibility, bulk transfer to over 6,000 accounts, and access to stamped e-statements. ALAT for Business is the financial partner every business owner should have. Wema Bank continues to improve the application, with plans to add artificial intelligence and multi-languages for the Diaspora market and offshore banking, among other improvements.

ZENITH BANK FETES SHAREHOLDERS WITH UNPRECEDENTED DIVIDEND PAYOUT OF N100.47 BILLION 

ZENITH BANK FETES SHAREHOLDERS WITH UNPRECEDENTED DIVIDEND PAYOUT OF N100.47 BILLION 

Founder and Chairman of Zenith Bank Plc, Dr. Jim Ovia, CFR, flanked by the Group Managing Director/Chief Executive of Zenith Bank, Dr. Ebenezer Onyeagwu (Left) and the Company Secretary, Mr. Micheal Otu (Right) during the bank’s 32nd Annual General Meeting (AGM) held virtually from the Civic Centre, Victoria Island, Lagos, yesterday.

At the 32nd Annual General Meeting (AGM) of Zenith Bank Plc, held virtually from the Civic Centre, Victoria Island, Lagos, on Tuesday, 2 May 2023, shareholders of the bank unanimously approved the proposed final dividend payment of NGN2.90 per share. This brings the total dividend for the 2022 financial year to NGN3.20 per share, with a total value of NGN100.47 billion.

In his opening statement at the AGM, Jim Ovia, CFR, Founder and Chairman of Zenith Bank Plc, expressed his gratitude to the shareholders for their unwavering loyalty, commitment, and support, which have been instrumental in the bank’s outstanding performance since its inception.

Group Managing Director/Chief Executive, Dr. Ebenezer Onyeagwu, extolled the Founder and Chairman, Jim Ovia, CFR, for establishing the legacy and providing the template for the bank’s continued superior performance. He also highlighted the Board and Management’s determination to maintain the bank’s growth trajectory in the coming years, with an emphasis on digital and retail banking.

Speaking at the AGM, Dr. Faruk Umar, President of the Association of the Rights of Nigerian Shareholders (AARNS), commended the Board and Management of Zenith Bank for consistently delivering value to shareholders, despite the challenging economic environment. He also praised the bank’s staff for their loyalty and dedication.

Chief Timothy Adesiyan, President, Shareholders Solidarity Association of Nigeria, expressed delight at the dividend payout and thanked the Board and Management for the outstanding performance that led to approving both an interim and final dividend during the year. 

Also speaking, Mrs. Adenike David, National Coordinator of the Esteemed Shareholders Association of Nigeria, congratulated the bank and Chairman on their exceptional performance, as evidenced by the numerous awards received during the 2022 financial year. She also praised the bank for paying an interim dividend of 30 kobo and a final dividend of 2.90 kobo.

Despite challenging macroeconomic conditions, Zenith Bank Group achieved a 24% growth in gross earnings, from NGN765.6 billion in the previous year to NGN945.5 billion in 2022. This was driven by a 26% YoY growth in interest income and a 23% YoY growth in non-interest income. Customer deposits grew by 39%, reflecting the bank’s market leadership and customers’ trust. Net-Interest-Margin (NIM) increased from 6.7% to 7.2%, positively impacted by the elevated yield environment. Operating expenses grew by 17% YoY, though still below the inflation rate. Total assets rose by 30%, primarily due to growth in customer deposits.

In 2023, Zenith Bank Group plans to expand its reach and reorganise into a holding company structure, adding new verticals to its businesses and pursuing growth in all chosen markets, locally and internationally.

Zenith Bank’s track record of excellent performances has continued to earn the brand numerous awards including being recognised as the Number One Bank in Nigeria by Tier-1 Capital, for the 13th consecutive year, in the 2022 Top 1000 World Banks Ranking published by The Banker Magazine; Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards 2020 and 2022; Best Bank in Nigeria, for three consecutive years from 2020 to 2022, in the Global Finance World’s Best Banks Awards; Best Commercial Bank, Nigeria 2021 and 2022 in the World Finance Banking Awards; Best Corporate Governance Bank, Nigeria in the World Finance Corporate Governance Awards 2022; Best in Corporate Governance’ Financial Services’ Africa, for three consecutive years from 2020 to 2022, by the Ethical Boardroom; Best Commercial Bank, Nigeria and Best Innovation In Retail Banking, Nigeria in the International Banker 2022 Banking Awards. Also, the bank emerged as the Most Valuable Banking Brand in Nigeria in the Banker Magazine Top 500 Banking Brands 2020 and 2021, and Retail Bank of the year, for three consecutive years from 2020 to 2022, at the BusinessDay Banks and Other Financial Institutions (BAFI) Awards. Similarly, Zenith Bank was named as Bank of the Decade (People’s Choice) at the ThisDay Awards 2020, Most Innovative Bank of the Year 2019 by Tribune Newspaper, Bank of the Year 2020 by Independent Newspaper, Bank of the Year 2021 by Champion Newspaper, Bank of the Year 2022 by New Telegraph Newspaper, and Most Responsible Organisation in Africa 2021 by SERAS Awards.

 

Lanre Teriba, A Music Star With Timeless Force By Wole Adepoju

Lanre Teriba, A Music Star With Timeless Force By Wole Adepoju

That music is life remains an indisputable facts. It is also in the same vein music has been a source of life to many of it’s makers, as many musicians around the world are celebrated and well to do individuals. Many who hitherto were of no enviable means have through music been catapulted into fame, riches and affluence such that they wine and dine with kings and honorable men.

While some of these music acts are able to sustain opportunity and fortune made through art of music, some others are not so fortunate that all they made are no longer evident but history.

As far as Lanre Teriba, famous Nigeria born inspirational music star who is better known as Atorise is concerned, fate has been gracious to him that he ranks among fortunate musicians who have not only been able to stand the test of time to have remained visible and remain relevant this far, but has equally found a way consolidate on his recorded gains. He’s also succeeded in becoming a model in his own right, just as he’s been able to build a vibrant brand and respectable personality for himself.

 

Although armed with a tertiary education degree from The Federal Polytechnic, Offa, Kwara State, but Lanre was destined to attain prominence in life, not through his academic qualification but God deposited talent in him, music. As a member of the Kegite Club (a socio-cultural organization that promotes African cultural heritage) while in school, Lanre was only involved in music as a mere hobby. He later made up his mind to become a professional musician. Fate brought his path across a destiny helper in form of a music producer cum promoter, Tunde Olokodana who believed in his potentials. They hit the studio where Olokodana provided professional touches to Lanre’s raw talent. The result of the musical effort, an inspiration album titled, ATORISE, (Reformer) which was released in year 2000, was an instant and monster hit that reverberated across Nigeria and beyond.

 

The effect threw Lanre into the spotlight, wore him status of a celebrity, music star, and a new beginning started for the church boy. Interestingly, twenty three years after the hitting the musical target, Lanre has remained a force to reckon with, waxing stronger, breaking barriers and setting records as one of the longest standing , innovative musicians among his contemporaries.

 

After his hit debut album, ATORISE, (Reformer) which actually is an evergreen, Lanre has released more works, making him have about twenty albums to his credit. He also has credit for over sixty songs. In the same light, his effort has been recognized and honored with various awards. One of the notable among the numerous awards is, Gospel Artist of the Year from the reputable stable of City People Music Award.

 

Beyond his prowess in inspirational music, he’s also rooted in dishing dance-able tunes which he achieves effortlessly with backing of his band members. That sure accounts for why the popularity and services of the versatile singer transcend and appreciated across various audiences.

 

“I remain an entertainer as I have always been. I am an inspirational singer, with bias for praising God. That however does not change the fact that I will continue to reach out to people from all walks of life through my music. My music has no barrier.” Lanre said in an interview.

 

Appreciation and patronage for Atorise’s music is not limited to the shores of Nigeria. He’s however a brand that enjoys global appeal. He ranks among Nigeria music exports and he’s one of the biggest musicians out of Nigeria. Having traversed Africa, Europe and America with his art, Lanre Teriba is equally one of the most traveled musicians around.

 

As it is known that success has many relations, the remarkable success Teriba made in the music industry has widened his scope in the entertainment industry, as movie producers have been attracted to him, thus the reason he’s caste for movie roles to give leverage to their works on account of his fame. He has featured in tens of movies. Sharing stage with top actors, Lanre has featured in movies like Oba Dafidi, Idunnu Mi, Iranse, Alabi Oosha, to mention a few.

 

Lanre’s talent in his craft is certainly not in doubt, but it is of essence to note he understood early enough he would need beyond talent to succeed. That perhaps explains why he’s paid serious attention to his character, such that he’s never been found wanting as far as having good character and conducting himself properly, is concerned. He’s never been caught in the web of a condemn-able act. This, to a great extent is an indication he possess virtuous traits that make up his character. As a matter of fact, only cynics will dispute Lanre’s humility, dependability, trustworthiness and simplicity. Many have argued it’s his amiable disposition towards others that have endeared him to the high and mighty such that his influence in top places can’t be underestimated.

 

Lanre for instance, could be referred to as apple of the eye of Fuji Lord, King Wasiu Ayinde, because of how dearly he is to the Fuji Maestro. Both sing different genres of music but times and events have confirmed K1 is well pleased in Lanre. He also enjoys the same kind of relationship with super rich and highly connected popular clergy, Reverend Esther Ajayi, to mention a few. The attraction Lanre enjoys from these big shots who hold him in high esteem, has been discovered to be a product of his amiable and admirable personalty.

 

As much as he can, Lanre has passionately striven to protect and keep his relationship with his creator smooth. Mountain of worship and prayer, Oke-Sioni, situated at Isara, Ogun State, a brain child of the Ishara, Ogun State born music star, is a testimony of his commitment the giver of his gift and enabler of everything he has become. Founding the holy ground eight years ago cost him millions of naira. Oke-Sioni has since become mecca of sort for Christians who desire serene and conducive atmosphere for prayers. It’s in the same vein the Mountain is known for praise and worship, courtesy Lanre, who on a regular mobilizes for praise and worship programmes at the mountain.

 

“I believe that everyone needs a special place to commune with God. So, when it was time to open the place for God’s people to worship, who am I to say no to what God wants to do. I am just privileged to be doing what God has commanded me to do. If I don’t do it, He will raise another man to continue His job.” Teriba explained the drive behind Oke-Sioni.

 

Lanre’s athletic body might confuse one to want to categorize him as an assertive individual but a personal contact with him will readily expose his meek and compassionate heart. He derives pleasure in wiping tears off faces of the needy, and so, no extent is too much for him to go in putting smile on the face of the troubled and sorrowful. His watchword however, is that, when you give to the needy, excuse the camera. Through his compassionate disposition and generosity, Lanre Teriba has touched hundred lives.

 

However, as man is created not to be perfect, music star Lanre Teriba, is not infallible, in such light, he has made his own blunders. Nevertheless, he’s not fixated to his past, as understands law of learning from mistakes to becoming a better person. Lanre spoke about how he’s handled his mistakes. “There is nothing about my past that I want to correct. There is absolutely nothing to rewrite. Every mistake I have made came with a more valuable experience that has turned me to a better person. I learn everyday and I am not immune against errors. When I make a mistake, I quickly look at the positive side of what may seem to be a mistake. I am very proud of the man I have become. So, I can tell you today that I don’t regret any of my actions in the past. But I thank God for making me a better person through some of the rough moments of my life”.

 

As it may amount to stating the obvious that Teriba is good-looking dude, that he compliments the looks with ravishing athletic frame and commendable dress sense can’t be downplayed. While his attractive looks of which his bulging eye bulbs are a significant feature can be attributed to gift of nature, his athletic frame, a result of keeping fit routine as a pugilist, and his nice dress sense, a product of his natural quest for admirable appearance, especially as a celebrity.

 

As an hardworking individual who deserves to relish fruit of his labour, Lanre does not spare the cost to pamper himself . This brings us to an incurable weakness from which he derives utmost pleasure and satisfaction. It’s no other but automobile. Call him a car freak and you wont be wrong. Lanre is a great lover of wonder on wheels, and his garage is littered with a number of top of the range automobiles. “I have a weakness for cars, and I don’t think I can ever be cured of it” Lanre confirmed.

Wema Bank Celebrates 78th anniversary, ALAT at six

Wema Bank Celebrates 78th anniversary, ALAT at six

Wema Bank, a leading Nigerian financial institution renowned for its innovative banking solutions and Africa’s first fully digital bank, is set to commemorate its 78th and 6th anniversary with a bang. The week-long celebration, which commences on May 1st, 2023, promises an array of exhilarating activities and competitions open to its employees, clients, and the public.

 

Kicking off the anniversary week is the virtual launch of ALAT Alumni, a platform for former Knights to rekindle relationships and foster a sense of community that the bank can leverage. In addition, the bank will release a cascade of ALAT balloons into the sky, and participants can take snapshots of the balloons and share them on social media with hashtags like #ALATAt6, #WemaAt78, and #SpotALATInTheAir to stand a chance of winning fantastic prizes.

 

The highlight of the celebration is the “Sounds of ALAT” competition, which seeks to uncover talented musicians in the entertainment industry and provide them with a platform to showcase their creativity. The victorious entry will become ALAT’s official theme song, and the winners will receive cash rewards of up to five million Naira.

 

Furthermore, the bank is organizing a balloon hunt for its customers, challenging them to locate balloons spelling out “Wema” and “ALAT” in different locations and post photos on social media using a specific hashtag to stand a chance of winning more prizes.

 

The festivities will also encompass the launch of the upgraded ALAT for business, the digital bank application for  A fully revamped ALAT for Business platform to revolutionize the way business owners manage their business transactions.

 

Mabel Adeteye, Head of Brand and Marketing Communication Department, expressed her delight about the upcoming anniversary and its events. She added that the bank would dedicate the week to digital services, giving customers the opportunity to experience the convenience of ALAT’s digital banking solutions.

 

“We’re thrilled to celebrate our anniversary with our staff, clients, and the general public. We believe that these events and competitions will provide everyone with an opportunity to participate in the celebration and enjoy ALAT’s innovative banking solutions.”

Prophet Israel Oladele of Genesis Global Gives Succor to People with Disabilities

Prophet Israel Oladele of Genesis Global Gives Succor to People with Disabilities

Prophet Israel Oladele of Genesis Global has done it again, In his determination to make life more convenient for some of his Church members, less privilege, prisoners, passerby, and elderly people within his capacity to those outside and within his jurisdictions as long as he’s still breathing he promised never to stop impacting lives in his own little ways.

Of a truth, and without mincing words Genesis remains one and exceptional among the philanthropist prophet of God who emulated Jesus’ footsteps in this dispensation no wonder the Shepherd in charge Genesis Global whose headquarters of the Church situated around Egbado road off Dalemo Alakuko, Duro Ishola Street. Lagos State has remained an instrument in the hands of God to heal all broken-hearted and transform lives globally.

It was an atmosphere of joyous mood on Tuesday 25th of April 2023 during a Church special service of prayers and song ministrations, to many who thoughts the service would be as usual was perplexed and astonishment when the 7000 seater auditorium was full-blast to the maximum congregants capacity to the extent of having about 10 big canopies for extension as shelter outside the church auditorium just for the comfortability for all worshipers.

As the program, praises and prophetic prayer was ongoing, a prophesy came out from the man of God. ‘Genesis’ as he instructed all the worshipers to leave their position of standing and to started walking through the main Church gate while they will continue to ask after mercy of God or whatever they needed from their creator, lo and behold; before a twinkling of an eyes over 9,000 worshipers both youths and adults embarked on the exceptional prophesy by walking through the Church main gate and to the mercy land in their prayers choruses.

Honestly, to know a true man of God in a such situations like this, believe me, there must be a unique signs from heavenly kingdom, guess what? The prophet of God. ‘Genesis’ was praying at the top of his voice through his sophisticated wireless microphone that everyone could hear him loud and clear as he was shouted pleading for mercy on behalf of his Church members, thereafter, he changed the prayer points by asking for God’s sign in order to know that people’s prayers has been answered, suddenly, I repeat ‘suddenly’ there was heavy downpour the rain that didn’t change the cloud started falling heavily and unexpectedly even as many worshipers were still praying under the heavy downpour, no doubt, God answers prayers of saints when such prayers organized by a true, genuine prophet of God like prophet Genesis. At the caused of the service, God led prophet Genesis to sighted a pregnant woman who was on wheelchair hiding in the midst of congregations as the prophet of God called her out to revealed so many hidden secret of her life and where the attack was actually coming from as he ensured a solution to her problems; as if that wasn’t enough, the seer of our time, asked the congregation of over 9000 to contributed/donated at least a thousand of naira, instructed such money shouldn’t need taken via offering basket but rather it was instructed to be openly dropped on the Altar of God. As Prophet Genesis, requested for a nylon bag asked one of the Church protocol to packed the whole money as he handed it over to the pregnant woman, as ten minutes unending noises and shouting of joy started ravaging both inside the auditorium and outside because the gesture caught everyone unaware, obviously, this isn’t Prophet Genesis first time of doing this as he said in his words “God has the ability to impact not only one’s spirit and mind but also one’s physical body”, Prophet Israel Oladele Genesis has always demonstrated how the power of God works in significant ways. The prophet of God, in his powerful words ministrations, practically inserts the word into people and it goes right into the mind and impacts every fibre of the body systems. At the end of the day, the mission gives people the opportunity to share testimonies also not less than 1000 first time openly came out to give their lives and to officially join the Genesis Global as members henceforth.

The Bible is quite clear about the need for practical support for the needy and it is an unambiguous admonition of God to provide food, shelter and clothing for the sick, widows, children, the prisoners, the elderly and all those who are suffering,” stated by the prophet of God as his media aide Oluwaseun Fabiyi were on ground.

It was a service of joy when a young man who has been in prison for ten (10) years shared his testimony how he met Genesis inside Ikoyi maximum prison, saying the man if God preached also prophesied to his life when and how he would be released out of the prison and the prophecy came to fulfilment.

When Genesis media aide, Oluwaseun Fabiyi engaged the pregnant woman on Wheelchair to share from her joy and enthusiasm, hear what she said…

“I must say emphatically that I’m happy, blessed to see Genesis today, I Know my coming wasn’t by accident rather orchestrated by God. I want to say a very big thank you to prophet Genesis for this unexpected surprises, may his ministry never be tarnished, he will continue to prosper in all ramifications, he will continue to grow in the wisdom of God. I would also like to say this; Genesis Global worldwide are lucky to have him”.

This gesture according to the prophet of God. Genesis will be a continuous exercise as God leads/ direct him.

Oluwaseun Fabiyi media aide to prophet Genesis

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Moruf Oseni takes over as the MD/CEO of Wema Bank Plc

Moruf Oseni takes over as the MD/CEO of Wema Bank Plc

·…Appointments of Wole Akinleye as Deputy Managing Director, and Tunde Mabawonku as Executive Director also approved by the CBN

 

Wema Bank MD, Mr Moruf Oseni

Wema Bank Plc hereby announces Moruf Oseni as the substantive Managing Director and Chief Executive Officer effective April 1, 2023. After serving in acting capacity since January 1, 2023, Oseni will be succeeding Ademola Adebise, following approval by the Central Bank of Nigeria (CBN).

Oseni’s journey with Wema Bank began in 2012 when he joined as an Executive Director. Before his appointment as MD/CEO, he served as Deputy Managing Director for the last four years, a role where he demonstrated the capacity to lead the bank to even greater heights as it continues to evolve into a financial powerhouse.

With over 25 years of experience, including more than 16 years at senior to executive management levels, Oseni was the MD/CEO of MG Ineso, a principal investment and financial advisory firm. He had also served as Vice President at Renaissance Capital and was an Associate at Schroder Salomon Smith Barney/Citigroup Global Markets in London.

Oseni’s credentials speak for themselves, with an MBA from the Institut European d’Administration des Affaires (INSEAD) in France, a Master’s in Finance (MIF) from the London Business School, and a B.Sc. in Computer Engineering from Obafemi Awolowo University (OAU). He is also an alumnus of the Advanced Management Program (AMP) of the Harvard Business School and King’s College, Lagos.

In addition to Oseni’s appointment, the CBN also approved the appointments of Wole Akinleye as Deputy Managing Director, and Tunde Mabawonku as Executive Director. Wole Akinleye previously served as the Executive Director in charge of Corporate Banking and the South-West Business, while Tunde Mabawonku served as the Bank’s Chief Finance Officer.

The Board is confident that these new appointments will be crucial to the continued transformation and growth of the Bank as it positions itself as a market leader in Nigeria’s banking industry through technology and innovation.

All appointments are effective from April 1, 2023.

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