Nigerian government needs to invest more on filmmaking – Doyin Aggrey
Resourceful Nollywood actress and producer, Doyin Aggrey has called on the Nigeria government to invest more in filmmaking, as the sector is obviously capable of turning the country’s economy around.
Nigeria is one of the countries in the world currently going through economic recession, and this has resulted in a series of heated debates and protests from members of the public. But Doyin Aggrey believes that if the government at all levels can intensify their support to the entertainment industry, more fortune would smile on Nigeria.
She noted that though the entertainment sector has always exhibited the capacity of being Nigeria’s biggest export, recent feats recorded by Nollywood movies on international platforms like Netflix is enough evidence.
“The international community has identified Nollywood as a viable source of revenue, and they’re investing in it massively now. With the investment of platforms like Netflix and Prime Video, the standard of our filmmaking has tremendously improved, and it is a win-win situation for all parties. If the government can also take advantage of this, I’m sure Nigeria’s economy will bounce back because entertainment is our best export at the moment,” Aggrey stated.
She however advised aspiring actors to embrace a career in acting, only if they genuinely have the passion to do so. “Like I always tell people, acting is not a career you will choose simply because you see how rich and famous the practitioners are and you want to emulate their lifestyles. It doesn’t work like that, and trust me; it’s those who come into the industry with such motives that usually lament.
“If you don’t have passion for acting, surviving or enduring the challenges of the industry before becoming a celebrity would be impossible,” Aggrey warned.
Meanwhile, the Ijebu-Ode, Ogun State born filmmaker and producer of ‘Italian Gold’ is currently warming up to hit location for the shoot of another movie from her stables.
Adron Homes Boss, Aare Adetola EmmanuelKing Felicitates With Ogun State First Lady, Mrs. Bamidele Abiodun, on Her 57th Birthday
The Chairman/CEO Adron Group, Aare Adetola EmmanuelKing, has extended warm felicitations to Her Excellency, Mrs. Bamidele Abiodun, the First Lady of Ogun State, on the occasion of her 57th birthday.
In his congratulatory message, Aare EmmanuelKing lauded Mrs. Abiodun’s unwavering dedication to the welfare of women and children in Ogun State, highlighting her numerous philanthropic activities and her pivotal role in community development. He commended her compassionate efforts in advocating for the rights and welfare of the less privileged, which have significantly impacted the lives of many.
“Your Excellency, your exemplary life and steadfast dedication to the betterment of Ogun State and its people have been a beacon of inspiration to many. Your leadership and passion have not only complemented the vision of His Excellency, Prince Dapo Abiodun, but have also played a crucial role in the continuous progress and transformation of Ogun State,” Aare EmmanuelKing stated.
He further praised Mrs. Abiodun for her support of initiatives aimed at enhancing health and education in the state, acknowledging her contributions to fostering a better and more inclusive society. Aare EmmanuelKing expressed his prayers for her continued good health, happiness, and the fulfillment of all her aspirations.
As Mrs. Abiodun celebrates this significant milestone, Aare EmmanuelKing joined her family, friends, and well-wishers in celebrating her remarkable achievements and contributions to Ogun State. He wished her a joyous birthday filled with peace, prosperity, and continued success.
Adron Homes and Properties Ltd., under the leadership of Aare Adetola EmmanuelKing, remains committed to supporting the growth and development of Ogun State and looks forward to continuing its collaboration with the government in achieving these goals.
Adaora Umeoji Highlights Zenith Bank’s Robust Financial Metrics: Says Bank Is Poised To Cross The N1 Trillion Mark In Profit In 2024.
Zenith Bank Plc, Nigeria’s leading financial institution, held its Capital Markets Day last week to showcase the bank’s inherent values as it embarks on its recapitalisation journey. The event, which brought together key market players, focused on the bank’s growth trajectory, strategic objectives, market performance, and consistent, robust dividend payout over the years. It also provided an opportunity for the bank to inform capital market stakeholders about its robust risk management culture, adherence to regulations, capital adequacy, and maintenance of low non-performing loan levels.
Addressing capital market stakeholders, investors, and analysts at the event in Lagos, the Group Managing Director/Chief Executive Officer, Dame Dr Adaora Umeoji, highlighted the financial institution’s tier-1 capital of N1.8 trillion, shareholders’ funds of N2.3 trillion, market capitalisation of N1.3 trillion, a profit before tax of N796 billion, and a dividend of N4 per share for the year ended December 2023. Providing guidance for 2024, she noted that, given the trend of the bank’s performance and having achieved a profit before tax of N796 billion in 2023 and N320 billion in the first quarter of 2024, the bank is on track to deliver over N1 trillion in profit before tax in 2024. She expressed confidence that, with the quality of the board and management and a strong corporate culture, the bank is well-positioned to deliver superior value to investors and other stakeholders and to navigate the recapitalisation process successfully. She also disclosed some of the bank’s future plans, which include driving financial inclusion, expanding corporate and retail banking through technology and other state-of-the-art digital platforms, and establishing a fintech subsidiary, ZenPay, to drive profitability. Additionally, the bank intends to expand to France and other Francophone African countries.
Dr Umeoji explained, “For us at Zenith, we won’t be left out. We are planning to go to the market to raise capital, and as it stands, Zenith Bank has the least amount of capital to raise. We are looking to raise N230 billion because we are already at N270.7 billion. That is the least capital to raise among our peers. We believe that Zenith Bank has what it takes. We have the capacity, the network, the balance sheet, the human capital, and the track record to achieve that. We are planning for the future, and the technology we have now is the best in the entire industry. It will help us to have a seamless process and integrate.”
Also speaking, the Chief Financial Officer/General Manager, Dr Mukhtar Adam, pointed out that in the last five years, the bank’s Compound Annual Growth Rate (CAGR) in revenue has grown by over 27 per cent. “This continues to grow year-on-year. Within this period, at some point, Nigeria went into recession, but we forged ahead, worked very hard, and continued to deliver growth. Within the last five years, our profit before tax has also grown cumulatively by about 28 per cent. This is a market where, at some point, government instruments – treasury bills – were paying one per cent, two per cent, three per cent. But we forged ahead to grow the numbers and provide stable returns of at least 28 per cent.”
Zenith Bank recently emerged as the Best Commercial Bank, Nigeria, in the World Finance Banking Awards 2024, retaining the award for the fourth consecutive year. The bank was also named Best Corporate Governance, Nigeria, for the third year running in the World Finance Corporate Governance Awards 2024. The awards, published in the Summer 2024 issue of World Finance Magazine, recognise the bank’s robust financial performance, superior customer service, sustainability initiatives, and corporate governance practices.
Commenting on the dual honours, Dr. Umeoji said, “These awards highlight our steadfast dedication to excellence, adherence to global best practices, and our persistent effort to deliver superior value to all stakeholders through innovative products and services. Receiving these awards consecutively for multiple years signifies the commitment of our staff, the loyalty of our customers, and the support of our shareholders. We remain devoted to setting industry benchmarks and driving excellence across all aspects of our operations.”
Dr. Umeoji also expressed delight at the recognition and dedicated the awards to the Founder and Chairman, Dr. Jim Ovia, CFR, for his impactful leadership in establishing a robust and flourishing institution. She also expressed gratitude to the board for their vision and insight, the staff for their unwavering dedication, and the bank’s customers for choosing Zenith as their preferred bank. World Finance is a leading international magazine providing comprehensive coverage and analysis of the financial industry, international business, and the global economy.
In its audited results for the year ended December 31, 2023, Zenith Bank achieved a remarkable triple-digit growth of 125 per cent in gross earnings, from N945.6 billion reported in 2022 to N2.132 trillion in 2023. The impressive growth in gross earnings resulted in a year-on-year increase of 180 per cent in profit before tax (PBT), from N284.7 billion in 2022 to N796 billion in 2023, while profit after tax (PAT) also recorded triple-digit growth of 202 per cent, from N223.9 billion to N676.9 billion for the period ended December 31, 2023.
The increase in gross earnings was primarily due to growth in interest and non-interest income. Specifically, its interest income increased by 112 per cent, from N540 billion in 2022 to N1.1 trillion in 2023, while non-interest income grew by 141 per cent, from N381 billion to N918.9 billion in the same period. The rise in interest income was attributed to the growth in the size of risk assets and their effective repricing, alongside the increase in yield of other interest-bearing instruments over the year. Growth in non-interest income was driven by significant trading gains and an increase in gains from the revaluation of foreign currencies.
Zenith Bank’s cost of funds also grew from 1.9 per cent in 2022 to three per cent in 2023 due to the high interest rate environment, while interest expense increased by 135 per cent, from N173.5 billion in 2022 to N408.5 billion in 2023. Notwithstanding the 32 per cent growth in operating expenses in 2023, the Group’s cost-to-income ratio improved significantly from 54.4 per cent in 2022 to 36.1 per cent in 2023 due to improved top-line performance. Return on Average Equity (ROAE) increased by 118 per cent, from 16.8 per cent in 2022 to 36.6 per cent in 2023, underpinned by improved gross earnings, as the Group sought to deliver better shareholder returns. Return on Average Assets (ROAA) also grew by 95 per cent, from 2.1 per cent to 4.1 per cent in the same period.
Zenith Bank was established in May 1990 and commenced operations in July of the same year as a commercial bank. The bank became a public limited company on June 17, 2004, and was listed on the Nigerian Stock Exchange (NSE) on October 21, 2004, following a highly successful Initial Public Offering (IPO). In 2013, the bank listed $850 million worth of its shares at $6.80 each on the London Stock Exchange (LSE). Headquartered in Lagos, Nigeria, Zenith Bank Plc has more than 400 branches and business offices in prime commercial centres across all states of the federation and the Federal Capital Territory (FCT).
Zenith Bank Plc, founded by Jim Ovia, CFR, in 1990, has since grown to become one of the leading financial institutions in Africa. The underlying philosophy is for the bank to remain a customer-centric institution with a clear understanding of its market and environment. Zenith Bank’s track record of excellent performance has continued to earn the brand numerous awards. These latest accolades follow several recognitions, including being recognised as the Number One Bank in Nigeria by Tier-1 Capital for the 14th consecutive year in the 2023 Top 1000 World Banks Ranking, published by The Banker Magazine; Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards for 2020 and 2022; and Most Sustainable Bank, Nigeria, in the International Banker 2024 Banking Awards, among several others.
Zenith Bank Plc has blazed the trail in digital banking in Nigeria, achieving several firsts in the deployment of Information and Communication Technology (ICT) infrastructure to create innovative products that meet the needs of its customers. The bank is a leader in the deployment of various channels of banking technology, and the Zenith brand has become synonymous with state-of-the-art technologies in banking. Driven by a culture of excellence and strict adherence to global best practices, the bank has combined vision, skilful banking expertise, and cutting-edge technology to create products and services that anticipate and meet customers’ expectations, enable businesses to thrive, and grow wealth for customers.
Adron Is The Biggest: A Growing Initiative In Nigeria’s Real Estate Market
Pioneering affordable housing solutions in Nigeria, Adron Homes and Properties remains a leading name in the real estate sector. Since its inception in 2012, Adron Homes has consistently redefined the real estate landscape, achieving significant milestones and breaking barriers that have set new benchmarks in the industry. Through its innovative approach, the company has become synonymous with quality, reliability, and customer satisfaction.
Having built a strong foundation of exceptional service, the organization has not only achieved unparalleled growth but also made significant progress and created a reputable name for itself. This is evident in its groundbreaking estates and modern architectural designs imbibed by the real estate company. Adron Homes has transformed the concept of affordable housing, ensuring that quality is not compromised while making homeownership dreams a reality for many Nigerians.
With over 48 estates, strategically positioned in about 9 states with numerous locations across Nigeria, Adron Homes has upheld its 2024 mantra of being the biggest and hopes to set a record as the most successful real estate developer in Nigeria. These estates are designed with the residents’ comfort and convenience in mind, offering a range of amenities that cater to their needs. Each estate is a testament to the company’s dedication to creating sustainable and livable communities.
Fueled by hard work, with a commitment to excellence and innovation, the organization is well acquainted with the concept of quality and reliability. Adron Homes’ growth can be attributed to its unwavering dedication to maintaining high standards and constantly improving its offerings. The company’s focus on customer satisfaction has earned it a loyal clientele and numerous accolades in the real estate industry.
Through strategic initiatives such as their 10/10 Vidco plot series offer and a customer-centric approach, Adron Homes continues to expand its footprint across Nigeria, delivering services and products that exceed market expectations and set the pace for other real estate developers. The 10/10 Vidco plot series is an innovative scheme that allows customers to own plots of land with flexible payment options, making it easier for more people to invest in real estate.
Adron Homes understands the importance of accessibility and affordability in real estate. By offering flexible payment plans and various promotional offers, the company ensures that homeownership is within reach for a broader segment of the population. This inclusive approach has not only boosted Adron Homes’ market presence but also strengthened its reputation as a customer-friendly and socially responsible organization.
The “Adron Is The Biggest” initiative underscores the company’s dedication to pushing boundaries and setting new standards of excellence in real estate development. This initiative is not just a slogan; it represents Adron’s commitment to continuous improvement and innovation. By leveraging cutting-edge technology and adopting best practices, Adron Homes is redefining the real estate landscape in Nigeria.
The real estate company’s unwavering commitment to delivering superior developments and creating lasting value for all clients and stakeholders is evident in every project it undertakes. The company’s estates are designed with modern architectural aesthetics and functionality, ensuring that they meet the highest standards of quality and sustainability. Adron Homes invests in the latest construction technologies and materials, ensuring durability and efficiency in all its developments.
Adron Homes takes pride in offering a wide range of amenities that enhance the living experience of its residents. These amenities are designed to cater to various needs and preferences, making Adron estates desirable places to live. Here are some of the key amenities available in Adron Homes estates:
1. Recreational Facilities: Modern gyms, swimming pools, and sports complexes for fitness and leisure activities. These facilities provide residents with opportunities to maintain an active and healthy lifestyle.
2. Green Spaces: Beautifully landscaped gardens and parks that provide a serene environment for relaxation. These green spaces offer residents a peaceful retreat from the hustle and bustle of city life, promoting mental well-being and community bonding.
3. Security: 24/7 security services, CCTV surveillance, and gated communities ensuring the safety of residents. Adron Homes prioritizes the safety and security of its residents, implementing robust security measures to create a secure living environment.
4. Educational Institutions: Proximity to quality schools and educational centers. Adron estates are strategically located near reputable educational institutions, making them ideal for families with school-going children.
5. Healthcare Facilities: Access to top-notch healthcare services and hospitals. Residents have peace of mind knowing that quality healthcare services are within reach in case of emergencies.
6. Shopping Centers: Convenient shopping malls and retail outlets within the estates. These shopping centers provide residents with easy access to essential goods and services, enhancing their convenience and quality of life.
7. Infrastructure: Well-paved roads, reliable electricity, and efficient water supply systems. Adron Homes ensures that its estates are equipped with the necessary infrastructure to support a comfortable and modern lifestyle.
8. Community Centers: Spaces for social gatherings, events, and community activities. These centers foster a sense of community and belonging among residents, encouraging social interaction and engagement.
Moreso, Adron Homes has several upcoming projects that promise to redefine urban living and affordable housing spaces across Nigeria. One such project is the Snowfall Park and Gardens in Jos, Atlantic Park and Gardens in Sagamu, and Moscow Parks and Gardens in Ibadan which is set to become a landmark development in the respective regions. This project will feature state-of-the-art amenities and innovative design concepts, further solidifying Adron Homes’ position as a leader in the real estate industry.
Adron Homes’ expansion plans are driven by its vision of providing quality housing solutions to a larger population. By entering new markets and exploring untapped opportunities, the company aims to extend its reach and impact more lives. Adron Homes’ growth strategy is centered on sustainability and community development, ensuring that its projects contribute positively to the socio-economic landscape of Nigeria.
It is worthy to say, that Adron Homes and Properties has established itself as a formidable force in the Nigerian real estate sector. Through its commitment to excellence, innovation, and customer satisfaction, the company has achieved remarkable success and set new standards in the industry. The “Adron Is The Biggest” initiative is a testament to the company’s dedication to growth and excellence.
With a strong focus on quality, reliability, and community development, Adron Homes continues to lead the way in providing affordable and sustainable housing solutions. As the company embarks on new projects and expands its reach, it remains steadfast in its mission to create lasting value for its clients and stakeholders. Adron Homes is not just building houses; it is building communities, fostering growth, and shaping the future of real estate in Nigeria.
Rivers: Group Welcomes Appeal Court Judgement Rejecting Tenure Elongation for Ex-LG Chairmen
The National Vanguard for Rule of Law (NVRL) has commended the Court of Appeal’s decision to strike out two appeals filed by former Local Government Chairmen in Rivers State, loyal to former governor Nyesom Wike.
The appeals sought to extend their tenure, but the Court of Appeal found them to be without merit.
In a statement by its President, Comrade Johnson Babatunde, the NVRL praised the justices of the Port Harcourt Division for their courage and integrity in delivering a sound judgment, despite alleged attempts to induce them with money to pervert justice.
He said the judgement is a resounding victory for democracy, the rule of law, and the people of Rivers State.
Babatunde added that the ruling serves as a strong message to politicians who seek to exploit loopholes and manipulate the system for personal gain.
The group believes that this judgement gives Nigerians hope in the judiciary and demonstrates that the court remains the hope of the common man.
The appeals, marked CA/PH/137M/2024 and CA/PH/145M/2024, were filed by Hon. Enyiada Cookey-Gam and six others, challenged the decisions of the lower court on the elongation of their council leadership tenure.
However, the Court of Appeal found the appeals to be without merit and consequently struck them out.
Babatunde said: “We commend the justices of the Portharcourt Division for once again delivering a sound judgment, upholding the rule of and giving Nigerians hope in the judiciary.
“We understand the enemies of Rivers State have been inducing judges with money to deliver black market judgments in their favour. We believe that the Justices of the Portharcourt Division must have been tempted with all forms of inducement to pervert justice, but as men of courage and integrity, they have chosen to uphold the rule of law.
“We criticize the former Local Government Chairmen for their attempt to subvert the democratic process and extend their tenure illegally.
“Their actions were driven by a desire for self-preservation and a disregard for the welfare of the people they were elected to serve. Their tenure elongation bid was a brazen attempt to defy the constitution and perpetuate themselves in office.
“We commend Governor Simi Fubara and the Rivers State Government for their unwavering commitment to upholding the constitution and defending the interests of the people.
“We urge the government to continue to prioritize the welfare and well-being of the people, and to ensure that democratic governance is entrenched in Rivers State”.
The NVRL also called on Nigerians to support judges who deliver sound judgments and urged the people of Rivers State to continue to support Governor Fubara in delivering dividends of democracy to the state.
The group encouraged the people to prepare for the forthcoming local government elections to replace those who sought to extend their tenure through illegal means.
Wema Bank Commemorates International Day of Cooperatives in Collaboration with Lagos State Government
…Reiterates Commitment to Empowering Cooperative Societies for Optimal Productivity through CoopHub.
Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank ALAT, has reiterated its commitment to empowering cooperative societies for optimal productivity through its digital solution for cooperatives, CoopHub, at the Lagos State Government Ministry of Commerce, Cooperatives, Trade and Investment International Day of Cooperatives 2024 Event held on Saturday, 6th July 2024.
International Day of Cooperatives is a global celebration commemorated annually on the first Saturday of July, to recognise the significant impact of cooperative societies in promoting sustainable economic growth and their role in building a more sustainable future. Themed “Cooperatives: Building a Better Future For All”, the 2024 International Day of Cooperatives commemorated by the Lagos State Government in collaboration with Wema Bank, convened key players in the cooperative ecosystem towards proffering solutions to prevalent challenges faced by cooperatives in Nigeria and creating a more sustainable future for all, through the cooperative industry. CoopHub, Wema Bank’s digital solution for cooperative societies stood out as a key solution to not only overcoming the challenges impeding the growth of cooperative societies but also boosting economic growth and creating a better future for all.
CoopHub is a digital solution launched by Wema Bank to empower cooperative societies with the resources, opportunities and support they need to operate seamlessly, achieve maximum productivity and meet the needs of members in the most efficient way. Simultaneously eradicating the struggles of manual recordkeeping, poor access to loans, inefficient communication and planning, tedious processes and insecurity of funds and data, CoopHub refines the cooperative experience by facilitating secure financial transactions, 100% transparency within cooperative societies, easily accessible and trackable records for both members and leaders, efficient member management for leaders and real-time reporting for informed decision making, all from the comfort of their phones and gadgets, ensuring that cooperative societies can achieve their goals easily and remain productive. This revolutionary solution has proven itself a gamechanger for the Nigerian Cooperative Industry and potentially, will serve as the launchpad of the industry on the global scale.
Recapitulating the role of cooperative societies as an essential avenue for economic growth, Wema Bank’s Divisional Head of Retail and SME, Ayodele Olojede, emphasised the need for intentional, impactful and sustainable efforts towards the advancement of the Nigerian Cooperative Industry. “Cooperative Societies represent a very significant platform for socio-economic development and for us at Wema Bank, we stand proudly as the cooperative-centric bank that is committed to providing the resources and tailored solutions that these cooperatives need to thrive and remain successful. CoopHub is the perfect embodiment of this commitment, and we are thrilled that more cooperatives are discovering this solution and coming on board to optimise their operations and maximise the opportunities provided for their growth. The achievement of a sustainable and ideal future for cooperative societies not only requires that we adapt to the increasingly digital world we exist in, but also drive more inclusivity for the youth to also key in. CoopHub succinctly unites both pillars in one and as the digital solution pioneered by Nigeria’s most resilient and innovative bank, you can trust that the future we are enabling for cooperative societies is one that is built to last”.
“As the Bank that is committed to creating and promoting viable opportunities for women, in celebration of International Day of Cooperatives, we are supporting every woman present here at the Lagos State Government Ministry of Commerce, Cooperatives, Trade and Investment International Day of Cooperatives 2024 Event, with a free healthcare plan through our women-focused proposition, SARA by Wema. We remain unwavering in our lifelong mission of empowering lives through innovation and are committed to proliferating our positive impact across every key vertical that is instrumental to the success of the people and the growth of the Nigerian economy. We take this unique celebration as an opportunity to further reiterate our commitment to empowering cooperative societies for optimal productivity through CoopHub. She concluded.
Since its launch in May 2024, CoopHub, the first of its kind in the Nigerian financial services industry, has onboarded over 1,000 cooperative societies, helping them optimise their operations and secure the resources and support they need to thrive with maximum efficiency. With its unique, simplified and tailored configuration, CoopHub stands as the future of Nigerian cooperative societies.
Cooperative Societies that are interested in getting started on CoopHub, are encouraged to visit https://coophub.alat.ng and get onboarded in minutes.
Adron Homes Introduces Vidco Plot Series; Affordable and Flexible Land Purchase Solutions for All Income Categories
Adron Homes, a leading real estate company committed to making homeownership accessible to everyone, is proud to announce the launch of the Vidco Plot series. This new offering provides affordable land purchase options with long-term payment plans designed to accommodate various income categories with a payment plan of 10,000 monthly which can be spread over 100 months.
The Vidco Plot is strategically priced to make land ownership a viable option for individuals across all income levels. By offering competitive prices, Adron Homes ensures that everyone, from first-time buyers to seasoned investors, can secure their future with a valuable real estate investment. Recognizing that financial circumstances differ, Adron Homes has developed a range of flexible payment plans. These long-term options allow buyers to spread the cost over an extended period of 100 months with a monthly payment of 10,000, making it easier to manage finances without compromising on the dream of owning land.
Vidco Plots are strategically located in Adron Homes estates located in rapidly developing areas, promising not only a great living environment but also significant potential for property value appreciation. Its proximity to essential amenities such as schools, hospitals, shopping centres, and transportation links adds to its appeal, ensuring convenience and accessibility for all residents. Adron Homes guarantees a secure investment with Vidco Plot. The transparent buying process and clear titles provide peace of mind, ensuring that buyers can invest confidently in their future.
To cater to various needs and preferences, the Vidco Plot series is available in multiple sizes, 150 and 135 sqm respectively. Whether for personal use or commercial development projects, Adron Homes offers a range of options to meet different requirements. Adron Homes is dedicated to creating vibrant communities. Adron’s Vidco Plot series is part of a planned development that includes essential infrastructure such as roads, drainage, electricity, and water supply. This ensures a comfortable and convenient living experience for all residents.
With over 12 years of real estate development, Adron Homes is synonymous with reliability and excellence in the real estate sector. The company’s customer-centric approach prioritizes customer needs, providing personalized service and support throughout the purchasing process. Adron Homes’ innovative payment plans and affordable pricing reflect its commitment to making land ownership accessible to all.
Interested individuals are encouraged to visit Adron Homes’ sales offices for more information. The knowledgeable team is ready to assist with any questions and guide potential buyers through the process. Alternatively, detailed information and personalized advice can be obtained by filling out an online inquiry form on the Adron Homes website and official social media platforms. Site inspections can also be scheduled to experience firsthand the potential and advantages of investing in Vidco Plot.
For more information, please contact:
Adeboye Abiodun
Digital Marketing, Media Relations, and Corporate Communication Officer
Adron Homes and Properties Limited
Phone: 08138432335
Email:adeboye.abiodun@adronhomesproperties.com
Website: www.adronhomesproperties.com
The Nigerian Association of Social and Resourceful Editors (NASRE) congratulates President Bola Ahmed Tinubu on his re-election as the Chairman of the Economic Community of West African States (ECOWAS). This re-election, which occurred during the 65th Ordinary Session of the ECOWAS Authority of Heads of State and Government at the Presidential Villa in Abuja, underscores President Tinubu’s exemplary leadership and commitment to regional development.
President Tinubu, who initially assumed the ECOWAS chairmanship on July 9, 2023, in Guinea-Bissau, has once again been entrusted with steering the regional bloc. His re-election is a testament to the confidence his fellow leaders have in his vision and capabilities.
In his acceptance speech, President Tinubu emphasized his dedication to strengthening democratic values and advancing the interests of ECOWAS. He announced the appointment of Senegal’s President Bassirou Diomaye Faye and Togo’s President Faure Gnassingbé as Special Envoys to Burkina Faso, Mali, and Niger Republic, highlighting his proactive approach to addressing regional challenges.
NASRE acknowledges President Tinubu’s efforts and calls upon him to continue prioritizing the following to ensure the region’s safety and the advancement of ECOWAS’s objectives and values:
Strengthening Democratic Institutions: Upholding the democratic values that ECOWAS stands for is crucial. President Tinubu should continue fostering strong, transparent, and accountable institutions that support democratic governance across member states.
Enhancing Regional Security: Addressing security challenges, particularly in countries experiencing political instability, is essential. Continued efforts in diplomatic engagement and conflict resolution, as demonstrated by the appointment of special envoys, will be vital in maintaining regional peace and stability.
Promoting Economic Integration: Advancing economic cooperation and integration among ECOWAS member states should remain a priority. Facilitating trade, investment, and economic policies that promote growth and development will benefit the entire region.
Encouraging Social and Human Development: Initiatives aimed at improving education, healthcare, and social services are fundamental. Investing in human capital development will empower citizens and foster sustainable development.
NASRE reaffirms its support for President Tinubu and his vision for ECOWAS. We are committed to collaborating with his administration to promote the progress and stability of West Africa, ensuring that the region continues to thrive and uphold the values upon which ECOWAS was founded.
Once again, congratulations to President Bola Ahmed Tinubu on his re-election. We look forward to a period of continued growth, peace, and prosperity under his leadership.
Comrade Femi Oyewale
President
Nigerian Association of Social and Resourceful Editors (NASRE)
Email: officialnasre@gmail.com
Website: nasre.ng
Photos As GAC Members Meet Obasa Over Proposed Lagos Electricity Law
A delegation of the Governance Advisory Council (GAC) has visited the Lagos State House of Assembly and held a meeting with the Speaker, Rt. Hon. Mudashiru Obasa.
The meeting which held behind closed doors on Thursday afforded a fruitful discussion concerning the proposed Lagos Electrification Agency Law which recently scaled second reading during plenary.
The GAC delegation at the meeting included Cardinal James Odumbaku, Sen. Anthony Adefuye, Otunba Henry Ajomale, Dr. Yomi Finnih, and Otunba Femi Pedro.
On Tuesday June 25, Dr. Obasa committed the bill to the Committee on Energy and Mineral Resources with a two-week mandate for the latter to report back to the House.
This was after lawmakers at the day’s sitting debated the pros and cons of the bill which targets to repeal the Lagos Electric Power Reform Law, 2018 to provide for the creation and administration of the Lagos Electricity Market.
The bill further seeks to establish a commercial and technical regulatory framework for the electricity market with the purpose of ensuring reliable and universal access to electricity for all residents of the State.
Also, the bill seeks to establish the Lagos State Electrification Fund for the delivery of reliable electricity supply to the underserved areas of the State.
Speaking about the bill, the chairman of the Committee on Energy and Mineral Resources, Hon. Sobur Oluwa, had said it was “very essential as it gives room for Lagos State to regulate its power supply and transmit electricity at its own pace.”
Rivers: Niger Delta Group Writes CJN Ariwoola, Alleges Plot by Ex-Lawmakers to Intimidate Judiciary
A Niger Delta group, Concerned Niger Delta Vanguard, has written an open letter to the Chief Justice of Nigeria, Hon. Justice Olukayode Ariwoola, alleging a plot by former lawmakers to ridicule the judiciary.
The group claims that the recent transfer of cases involving the defection of 26 state lawmakers in Rivers State from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC) has raised grave concerns about the integrity and impartiality of the judicial process.
The letter was signed by Dr Ekandem Umoh, Oghenekaro Francis, Pastor Paul James, Obong Martins Ekarika, Sir Godhead Sylva and Chika Okpobiri.
According to the group, the transfer order has potentially undermined established legal principles and the rulings of previous courts, creating a perception that the judiciary is susceptible to individual influence and petition-driven manipulation.
The letter, therefore, urged the Chief Justice to investigate the circumstances surrounding the transfer order, reaffirm the judiciary’s commitment to upholding the rule of law, and maintain the original court assignment.
The Concerned Niger Delta Vanguard expressed confidence in the CJN’s commitment to justice and fairness.
Read the full letter below:
The Honorable Chief Justice of Nigeria,
We are compelled to address you through this open letter with utmost concern and urgency regarding the recent transfer of cases about the defection of 26 state lawmakers in Rivers State from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC). This development has precipitated profound implications for the democratic process. As the Chief Justice of Nigeria, your esteemed position entrusts you with the vital responsibility of ensuring the inviolability and impartiality of the judicial process. This duty assumes paramount importance in matters of such elevated significance to the functioning of our democracy.
The defection of lawmakers, spearheaded by the former speaker of Rivers State, Martin Amaewhule, from the ruling PDP to the APC, and their persistent assertion of legitimacy as lawmakers, has engendered profound legal and constitutional questions warrant scrutiny. It is indeed reassuring to note that the Rivers State High Court, sitting in Port Harcourt, has taken a decisive step by granting an interim injunction restraining the Speaker of the State House of Assembly, Martin Amaewhule, and the 25 other lawmakers from parading themselves as legislators, thereby upholding the sanctity of the legal process.
Considering these developments, We implore you to exercise your judicial discretion to ensure that the transferred cases are adjudicated with the requisite diligence and impartiality, thereby reinforcing the public’s trust in the judiciary and safeguarding the very fabric of our democracy.
The recent transfer of these cases from Federal High Court 4, Port Harcourt, presided over by Justice Steven Dalyop Pam, to Court Two, headed by Justice E. O. Obele, pursuant to a petition filed by Hon. Martins Amaewhule, a defendant in the matter, has raised grave concerns regarding the integrity and impartiality of the judicial process. The transfer order, issued in response to a petition by a party facing allegations, potentially undermines established legal principles and the rulings of previous courts, thereby creating a perception that the judiciary is susceptible to individual influence and petition-driven manipulation. This development raises serious questions about the potential for undue influence and partiality in our judicial system, potentially eroding public trust in the judiciary’s ability to function as a fair and impartial arbiter.
The ongoing reforms within your esteemed office, aimed at strengthening the judiciary’s image and ensuring its role as a fair and impartial arbiter, are seemingly contradicted by this recent transfer. It is essential to prevent the judiciary from becoming a haven for political opportunism, where lawmakers exploit legal loopholes to maintain power after switching allegiances. The constitution clearly intends to prevent such behaviour, and a Supreme Court ruling has reiterated the legal implications of defection, emphasizing that a legislator cannot defect and remain a member of a legislative house in Nigeria unless there is a division in the party at the national level, and which the case of Amaewhule seems far from such condition.
The constitutional ban on political defection by legislators seeks to prevent political opportunism and safeguard the integrity of our legislative institutions. As the custodian of the rule of law, the judiciary must not allow itself to be compromised or manipulated for political gains. The recent events necessitate a resolute commitment to upholding the principles of justice and the rule of law, ensuring that the judiciary remains a bulwark against political prostitution and a champion of the integrity of our democratic institutions.
Therefore, we urge you to take the following actions:
Investigate the circumstances surrounding the transfer order. Ensure this decision was based solely on legitimate legal grounds and not influenced by external pressures.
Reaffirm the judiciary’s commitment to upholding the rule of law. The established legal precedents and the rulings of previous courts must be respected.
Maintain the original court assignment. Justice Pam, having already begun the hearing process, is well-positioned to see it through to a fair and just conclusion.
We fervently implore you, as the guardian of justice and the embodiment of the judiciary’s highest ideals, to ensure that the judicial system is not compromised by political machinations or partisan agendas. The sacrosanct principles of the rule of law must be upheld with unwavering dedication, and the judiciary must never be perceived as a sanctuary for corruption, political influence, or ideological bias. The recent developments surrounding the transfer of these cases underscore the imperative need for vigilance, steadfastness, and an unyielding commitment to the timeless principles of justice and fairness.
It is essential that the judiciary, under your visionary leadership, resists any attempts to subvert the rule of law and uphold the integrity of the judicial process, even in the face of intense political pressure or ideological opposition. Your office plays a pivotal role in safeguarding the ongoing reforms in the judicial system, ensuring that justice is served with impartiality, and upholding the trust reposed in the judiciary by the citizenry.
We have confidence in your unwavering commitment to the principles of justice, fairness, and the rule of law, even in the face of formidable challenges. Your resolute leadership and unshakeable dedication to the highest ideals of the judiciary will undoubtedly leave an indelible mark on the integrity of the judicial system and the democratic process in our nation, and We remain optimistic that the judiciary, under your stewardship, will continue to be a shining beacon of integrity, justice, and hope for our nation.
Thank you for your attention to this urgent matter.
