BREAKING: Agidigbo FM owner, Oriyomi Hamzat released by FIB

 

Ace broadcaster and owner of Agidigbo FM, Oriyomi Hamzat, has been released by the Nigeria Police Force (NPF).

Hamzat was released on bail to his lawyers early this morning (Friday).

Recall that this newspaper had reported that Hamzat, who had consistently advocated for justice in a murder case involving Hilton Hotel, Ile-Ife owner, Chief Rahman Adedoyin, was arrested on Thursday morning.

The police claimed that the Ibadan-based broadcaster ignored their invitation severally, stating that the broadcaster is under investigation.

Agidigbo 88.7FM and Hamzat’s supporters had complained that the media entrepreneur was whisked to Abuja by officers of the Force Intelligence Bureau (FIB) over his call for justice on the murder of a student of Obafemi Awolowo University (OAU), Ile-Ife, Timothy Adegoke.

His arrest had elicited the #FreeOriyomiHamzat hashtag on social media.

 

2023: How PDP Governors Forced Peter Obi Out Of The Party

 

The reason why presidential aspirant and former Governor of Anambra State, Peter Obi dumped the Peoples Democratic Party has emerged.

It was gathered that some governors elected on the platform of the main opposition party showed him the door after a high-wire game of intrigues, and conspiracy.

 

There had been speculations that former vice president, Atiku Abubakar might pick Obi who was his running mate in the 2019 presidential election as his vice presidential candidate in 2023.

The decision was reached after Obi noticed that the party was not ready to zone it presidential ticket to the south-east.

However, some governors in the party had threatened not to support the presidential ambition of Atiku if he does not select one of them as his running mate.

This led to the high wire game of intrigues and conspiracy against the former Governor of Anambra State and forcing him out of the party to find another platform where he would express his presidential ambition.

A source that spoke with Vanguard on the issue said, “Obi was hoping to emerge as the running mate to Atiku again since the PDP, from all indications, is not ready to cede the presidency to the South-East.

“However, most of the PDP governors said they will back Atiku if he makes one of them his running mate. This led to a highwire conspiracy against Obi in the PDP. So he had to look elsewhere to pursue his aspirations.”

Recall that Obi claimed that he was quitting the PDP because the party had made it impossible for him to continue to contribute to nation-building on its platform.

UBA set to Reward Loyal Customers in Super Savers Draw

UBA set to Reward Loyal Customers in Super Savers Draw

Africa’s Global Bank, the United Bank for Africa (UBA) Plc, is set to reward several of its loyal customers in its upcoming Super Savers Draw which will be held on Friday, May 27th at the UBA Head Office, Marina, Lagos.

The UBA Super Savers Draw is a promo organised by the Bank through a series of transparent draws which will see hundreds of its Savings Account holders, rewarded with huge prizes after a transparent draw. At the draws, one lucky customer will win N2 million, N1.2 million, N500,000 each; while N100,000 cash prize will be up for grabs for 20 Bumper Account holders.

Another 10 Savings Account holders will win N1million each and some university students with a NextGen Account will win a monthly salary of N15,000 for a year.

UBA’s Head, Personal Banking, Ogechi Altraide, who spoke ahead of the draws, explained that the Super Savers promo is yet again another opportunity for customers to have their lives transformed. All existing customers should do to qualify is to ensure that they save monthly in their UBA Savings Account, while new customers should simply dial *919*20# to open a UBA Bumper Account.

According to her, the Super Savers Draw is open to account holders of the bank from the six geographical zones in Nigeria and has something big for everyone. The aim is to appreciate loyal customers of the bank, who have cultivated a savings culture and stayed loyal to the bank over the years. It will also offer fresh opportunities for potential and intending customers to join the growing number of UBA millionaires and lucky winners who have in the past benefitted from various promos held by the bank.

Winners who recently emerged from the draw, include, Olunwa Osita Ambrose who smiled home with the star prize of a whooping N2m, while Saheed Adeshina Adediran won N1.2m rent for a year. Adewunmi Olaniyi Sobowale, another lucky winner got N500,000 shopping allowance.

Others who equally smiled home with N100,000 cash prizes were;  Bayode Peter Oluwaseun, Archibong Unyime Gift, Yakubu Fali, Alaegbu Promise Uchenna, Onyenwenyi Chidimma Confidence, Maria Obianuju Onyeneke, Emmanuel Kalu, Aramide Afolabi Temitope, Ijeoma Juliet Okika, Taiwo Micheal Odofin, Daina Ochekema Egbe, Ighodalo Thompson, Mercy Effiong, Alice Gabriel, Imrana Bello, Onyedika Promise Umeji, Uzoma Chibuike Timothy, Adewole James Idowu, Opeyemi John Kolawole and Israel Ojima Daniel.

Altraide said, “Indeed, there is something for everyone in the Super Savers Draw and it goes without saying that UBA prioritises not only the financial well-being, growth and ultimate success of customers but also places them at the very heart of its business which is why the bank keeps making more and more of its customers millionaires. Our customers are special to us, and this is another opportunity to prove just that”.

“Without a doubt, UBA prioritises not only the financial well-being, growth and ultimate success of customers but also places them at the very heart of its business which is why the bank keeps making more and more of its customers millionaires”.

Since UBA commenced the promo in 2020, about 300 winners have emerged from the initiative that continues to reward loyalty and encourage customers to cultivate a savings habit. The last mega draws which was held in December 2021, saw lots of customers rewarded by the bank.

United Bank for Africa Plc is a leading Pan-African financial institution, offering banking services to more than twenty-five (25) million customers, across 1,000 business offices and customer touch points in 20 African countries. With presence in New York, London and Paris, UBA is connecting people and businesses across Africa through retail, commercial and corporate banking, innovative cross-border payments and remittances, trade finance and ancillary banking services.

Shehu Sani secures only two votes as Isah Ashiru wins Kaduna PDP guber primary

 

Isah Ashiru has again picked the Peoples Democratic Party (PDP) governorship ticket for Kaduna state.

A former state and federal lawmaker, Ashiru was the opposition party’s candidate in 2019.

He polled 414 votes to defeat his closest challenger, Sani Sidi, a former director-general of the National Emergency Management Agency (NEMA) who scored 260 votes.

The results were announced at about 6am on Thursday morning.

 

Ramalan Yero, a former governor of the state, secured 28 votes, Sani Abbas had 15 votes, Haruna Saeed, a former accountant general in the state, won 11 votes while Senator Shehu Sani got two votes.

Following the announcement of the results, Shehu Sani congratulated the winner, noting that he hopes to appreciate the two delegates who gave him “clean votes”.

The Kaduna PDP Governorship primary has been concluded. I lost and Honourable Isah Ashiru won. I wish to congratulate him,” he wrote on Twitter.

“Two delegates voted for me without giving them a dime; unfortunately, I don’t know who they are so that I can appreciate these clean votes. We look forward.”

The governorship primary commenced late on Wednesday, as the accreditation of delegates from the 23 LGAs did not start till 4:30pm.

The delegates were screened at Access Hotel and Nevilla Hotel, after which they were taken to the gymnasium hall of the Ahmadu Bello Stadium (ABS) — where the voting took place.

A total of 788 delegates took part in the exercise to elect the party’s flagbearer.

 

Stella Oduah Breaks Silence On NYSC Scandal, Shares Photo Of Her In Corps Uniform

 

The lawmaker representing Anambra North senatorial district, Stella Oduah, has broken her silence on the reports claiming she did not complete her National Youth Service Corps.

A group identified as Concerned Anambra North Peoples Democratic Party Stakeholders had asked NYSC to validate the former Minister of Aviation’s claim of losing her certificate.

 

The Director-General of the service in response to the request disclosed that Oduah was mobilised for national service in the 1982/83 service year and was deployed to Lagos State.

He, however, stated that Oduah absconded after the orientation and never completed the service.

Oduah while reacting to the scandal shared a photo of her in NYSC uniform and a letter from NECA confirming that completed her service year.

The lawmaker in a statement released through her media aide, Ezennia Nonso Chukwudebe, said she “served meritoriously at NECA in 1982 as can be confirmed from this 11th January 2017 clarification from the Nigeria Employers’ Consultative Association personally signed by the Director-General, O.A Oshinowo.”

The statement reads, “*RE: THE VIRAL STORY OF THE ALLEGED SENATOR STELLA ODUAH NYSC ABSCONDMENT.*

“Our attention has just been drawn to a publication that makes a most spurious claim to the effect that the Distinguished Senator representing Anambra North, Princess Stella Adaeze Oduah OON, absconded from the National Youth Service Corps program.

“Ordinarily we would never dignify such antics with a response but we deemed it necessary to put out this statement for the benefit of gullible minds that are being targeted by political jobbers whose stock in trade is churning out such concocted rubbish every election cycle, especially when it is becoming glaring that they are receiving the short end of the political stick.

“The Distinguished Senator indeed served meritoriously at NECA in 1982 as can be confirmed from this 11th January 2017 clarification from the Nigeria Employers’ Consultative Association personally signed by the Director-General, O.A Oshinowo.

“How her opponents have suddenly resorted to circulating this story which is completely at variance with the position of the agency where she did her primary assignment, is an issue every keen mind should focus on and we are by this publication, giving the NYSC sometime to put out a disclaimer as we firmly believe this letter to be fake.

“Unfortunately we live in climes where such unsubstantiated stories travel fast and it is more worrisome that some mainstream media outlets appear to be sucked into this viral vortex of deceit.

“Senator Stella Oduah did not only serve meritoriously but would go on to work in the NNPC, a Federal Government establishment, for the next nine years!

“Nigerians need to understand that the persons behind the fake letter currently doing the rounds are desperate, despondent and out of their wits end for they instinctively appreciate the fact that the Distinguished Senator is one leader that continues to be appreciated and loved for her many people-oriented programs and no amount of sponsored media mudslinging can obliterate this fact.

“This is election season and it is expected to see such antics by weak traducers whose understanding of politicking is engaging in mindless subterfuge against aspirants rightly perceived as strong.

“Unfortunately for them, they are deploying the same failed strategy that has never managed to stop the Distinguished Senator at the polls and one would expect that they’d restrategize.

“Senator Stella Oduah remains strong, in very high spirits and is looking forward to the election proper.”

 

Heritage Bank leveraging technology to promote financial inclusion for inclusive growth

Heritage Bank leveraging technology to promote financial inclusion for inclusive growth

In today’s world, making financial services accessible is fast becoming a key area of concern to policymakers for the well-known reason that it has far reaching economic implications. To this end, financial inclusion has assumed a greater level of importance due to its perceived relevance as catalyst for economic growth since it is critical for attaining inclusive growth in an economy. 

In 2012, Nigeria took major steps in its journey by launching the National Financial Inclusion Strategy (NFIS). The main goal of the NFIS is to ensure that 80per cent of Nigerian adults are financially included by 2020. Before this, the formal use of financial services by the adult population stood at 36.3per cent in 2010. To achieve the 2020 goal, the Central Bank of Nigeria (CBN) introduced strategies to spike innovation in the financial services sector in Nigeria and by 2017, one amongst the achievements was that the CBN had given over 20 licenses to mobile money operators, which has currently grown to 21.

According to 2018 data from Enhancing Financial Innovation and Access (EFInA), 38.1million of Nigeria’s 106million (18years and above) adults or 36 percent of Nigerians remain completely financially excluded.

In a recent survey by Augusto & Co on Consumer Digital Banking, only 34per cent of the respondents said they had experienced the service of digital banks. Only 17per cent of respondents above the age of 55 are aware of their services, while for people aged 41-54, the awareness rate stood at 31per cent. This spells the need to deepen the financial inclusion drive if Nigeria is to attain the NFIS target and accelerated economic growth.

The apex bank may have missed the 2020 target of 80 percent for financial inclusion, but it stands a better chance of meeting the target of 95per cent by 2024, as industry players have argued that to achieve the NFIS target for inclusive economic growth, the financial sector must strongly leverage technology (mobile and digital channels) to promote financial inclusion and enhance access to financial services for the unbanked and underserved segments of the population.

One of the financial institutions that has continued to leverage on technology to revitalize the industry via deploying its huge resources and vast networks to deepen financial inclusion in the country for inclusive economic growth is Heritage Bank Plc, Nigeria’s most innovative banking service provider. 

The MD/CEO of Heritage Bank, Ifie Sekibo, affirmed that banks cannot push financial inclusion unless they also push secured technology inclusion.

According to him, Heritage Bank has continued to entrench financial inclusion across board via creating access to accounts and other financial products, savings, mobile money systems and payment systems that provide opportunities for financially excluded Nigerians and Micro, Small and Medium Enterprises.

  

Introducing HB API Sandbox & Banking as a service via One Pipe

The Bank launched an API Sandbox to accelerate the ideas of technology entrepreneurs to build innovative and commercially viable products that were birthed through HB LAB. This platform provides a suite of financial and non-financial APIs targeted to meet the needs of FinTech, Tech SMEs, and Communities. Our APIs grants Tech Companies, third-party developers, and non-Fintech companies access to multiple payments and financial services required by their customers.

Following the launch of HB’s API Sandbox, the Bank partnered with API aggregator Companies to extend the Bank’s API services to a wider audience, layering their value-added services to deliver our BaaS platform. Banking as a Service (BaaS/Open Banking) is an end-to-end business process that allows FinTech and other third-party service providers to offer core financial services to their customers by integrating with the Bank via our readily available APIs. This is a billed service that also provides relevant data insight required to pursue aggressive retail accounts acquisition by leveraging the aggregator robust retail prospect pipeline. 

 

Redefining digital banking space with ‘Octiplus’ 

Sekibo promised that his bank would continue to drive financial inclusion through a robust, innovative, and advanced digital banking solution, ‘Octiplus’ which it recently launched.

Octiplus is a bank-agnostic, all-in-one digital banking application, which grants users access to a bouquet of financial, lifestyle and social networking features with the added convenience of converging card-based payments within one application irrespective of the issuing Nigerian bank. Ifie Sekibo stated that, “with Octiplus, we are redefining the concept of digital banking for the discerning mobile user, as the app is equipped with several exciting features that reiterate the bank’s commitment to expand its digital architecture and modernize its interactions with the banking public, irrespective of your preferred financial institution.”

Octiplus promises an intelligent Omni-channel experience which augments the usual transactional features including bills payment, funds transfer and airtime recharge with its unique ability to facilitate person to person/group interactions which encourages small businesses and a thriving side hustle for young professionals. The App is now available for download on the Google and iOS App Stores.

 

Catching them young with HB BUD Account

HB Bud account is a savings account for children and the younger demographic aimed at introducing financial literacy and inclusion. The account can be opened in trust for a child by the parent/guardian who will be the primary account holder with the responsibility of running this account until their child attains adulthood and can solely operate their own accounts or possibly move to other age-appropriate products. This product was initially launched in 2014 as a unique proposition to cater mostly to the educational needs of children and young adults who are preparing and saving up for further education and, as well, deepen brand visibility and increase the bank’s market share. However, some operational exigencies and regulatory framework have necessitated the modification and adjustment of this product to serve the customers optimally. Children and teens from 0 to 18yrs are the target market. 

The features are unique as outlined: Access to cash backed loan by parent/guardian/sponsor for school fees/education loan. You can access up to 70per cent of your balance held with the Bank as cash backed loan. The customer must have run the BUD account for a minimum of 6 months to access the cash backed loan. Ease of saving through standing order instructions. Access to exclusive events. Free participation in the BUD MINI career mentoring and coaching sessions once a year. Opportunity to act as a Heritage Bank Executive Committee member for one day.

 

Catering for the unbanked via HB Starter Product 

This is the banks flagship CBN KYC Tier 1 savings account to cater for the unbanked. It is a level 1 entry into savings account category in Nigeria, in which an individual can open without having the mandatory requirements/documents to open a standard or regular account in Nigeria. This is one way of ensuring that all citizens of Nigeria are financially included since the account can be opened with or without a smart phone at the bank or online. In essence, this type of savings account doesn’t require any utility bills, or even an ID to open.

Most people who fall under this category usually do not see the need to open an account because they find it easier to save whatever money they have in their houses. This category of people wants to avoid bulky manual account opening process and have a better time management. This product is very precise and requires minimum account opening documentation, also it can be done at the comfort of one’s home. Customers can in addition be assisted by the Bank’s relationship managers and sales teams. Also, customers can get on the bank’s website to initiate a new account opening process from start and receive the account number at the end of the process.

 

Product targeted at individuals across all market segments  

This is known as HB Individual Current Account Product, which is a checking account for all individuals across market segments above the age of 18years. This account has been made seamless with unique features for individuals’ access to loan products, minimum balance of N0.00, No COT on all transaction, account opening balance N5, 000 and access to clearing check book.

 

Customization of payment gateway on HB CheckOut and Virtual Accounts

Heritage CheckOut is a fully integrated payment processing platform with infrastructure for digital payments across Africa. Olusola Longe-Okenimkpe, Divisional Head, E-Business & Collections disclosed that the platform provides an underlying technology platform that allows businesses to receive and issue payments from anywhere in the world, with robust inbuilt fraud management, compliance, and security applications. 

She also defined Virtual Accounts as series of off-balance accounts whose total balance mirrors the balance in pool account. According to Olusola, pool account is linked to all the virtual accounts and the balance in the pool account mirrors the total balance in the virtual accounts.

 

Opportunities for financially excluded with HB Business Account

The Heritage Bank Business Account is a cost-effective current account that provides flexible, affordable, and transparent pricing grid based on debit monthly turnover covenant. The product is targeted at all Micro and Small Enterprises of SME and Retail segments. 

 

Ensuring seamless transaction using HB transfer code 

 

The transfer code *745# of Heritage bank guarantees seamless usages and reduces the stress of going to the branch of Heritage bank to make payment. Just like other banks, you can use Heritage bank mobile banking code which is *745# to check your account balance, transfer money to Heritage bank or other banks, pay for utility bills and cable TV subscription, pay for church’s services everywhere you are using your mobile phone.

 

Capturing educational sector via Alumni Banking service, Acada Portal Solution

To further capture individuals in educational sector into the financial inclusion space, Heritage Bank unveiled the Alumni Banking Service and Acada Portal Solution which are internet-based solutions that seamlessly integrate school’s portal and Alumni platforms that benefit the different stakeholders and complement efforts in attaining the best global practices in school management. Alumni Banking service is an educational provision by Heritage Bank that seeks to utilize and track, engage, endow, and invest a model to help secondary and tertiary educational institutions create modern alumni systems that contribute to their financial stability just like great alumni do in the best global schools.

 

Inclusion of creative industry, e-sport gaming on HB YNSPYRE Account

YNSPYRE Account is a product targeted specifically at the creative economy populated by not only youths in video and film, and music. It goes much more than that as it involves people in technology, the creative industry and gaming as part of the creative industry.

Addressing the press about the initiative in gaming as a creative endeavour, Dike Dimiri, Heritage Bank Regional Executive, Lagos, and South-West explained that the involvement of the bank is to identify income-earning opportunities for some people in the economy. 

According to him, “HB has designed a product that identifies and finds a mechanism that guides Nigerians in gaming or e-sports. The bank is set to revolutionize e-sports by bringing it to an acceptable level attained by football, lawn tennis and other crowd pulling games.”

 

Heritage Bank is fast changing the narratives of the banking landscape through the adoption of more secured technology (product and channels) for seamless services that guarantee the larger part of the population is involved in economic activities as well as being financially included.

For this to be effective, Sekibo affirmed that the population must access financial services and products which ensure that households and businesses irrespective of income levels have access to and can effectively use the appropriate financial facilities they need to improve their lives and further their savings and investments.

BREAKING: Popular broadcaster arrested by FIB 

 

Oyo-state-based broadcaster and social activist, Oriyomi Hamzat, has been arrested by the Force Intelligence Bureau (FIB) and is being transferred to Abuja, POLITICS NIGERIA reports.

The FIB is the apex of intelligence gathering in the Nigeria Police Force (NPF). It is the only arm of the Force that provides Intelligence on Crime and National Security.

It is not yet clear why Hamzat, the owner of Agidigbo 88.7 FM, Ibadan, was arrested.

 

The State Intelligence Bureau (SIB) in Ibadan invited Hamzat, before handing him over to the FIB.

This newspaper understands that Hamzat has been championing the call for justice for Timothy Adegoke, the late Masters student of the Obafemi Awolowo University (OAU), Ile-Ife, Osun State.

Since Adegoke mysteriously died in Room 305 at Hilton Hotel and Resorts Ile-Ife in November 2021, Hamzat has been on the hunt to track down his alleged killer(s).

When this reporter called the police to get comments from them about why Hamzat was arrested, the personnel asked him to “come down to the FIB office”.

 

How Abba Kyari Paid 190 Angry Inmates N200,000 Each After He Was Nearly Killed Inside Kuje Prison

 

Embattled DCP Abba Kyari has escaped being murdered inside Kuje prison.

According to reports, prison officials are now considering moving the suspended police officer to the custody of the State Security Service (SSS) after he nearly got murdered by aggrieved inmates, who accused him of insincerity in bribe-for-release deals when he was in active service.

 

According to internal documents and officials accessed by PREMIUM TIMES, the attack happened on May 4, months after Kyari, who is on trial for drug-related offences, was remanded. His attackers were about 190, an official said, and they are mostly in prison for drug offences.

 

The Kuje attackers claimed Kyari prosecuted them despite taking bribes from them, our sources said. One of the sources, a state investigator and intelligence officer, described Kyari as a “dodgy criminal.”

 

Kyari has not been convicted of any crime and has said he is innocent of the allegations for which he has been charged.

 

Quoting the inmates, our sources said Kyari was “eliminating smaller (drug) dealers to clear the field for Afam Ukatu,” a suspected billionaire drug baron allegedly behind N3 billion Tramadol deal linked to Mr Kyari.

 

“Inmates claimed that upon arrest, Abba Kyari demanded bribes to kill the case, then still prosecuted them,” a Kuje prison source who accessed the testimonies of the aggrieved inmates, said.

 

The spokesperson for the Nigerian Correction Service, Francis Enobore, denied the attack on Kyari. But PREMIUM TIMES confirmed the attack from officials with direct knowledge of it and the service’s internal documents.

 

According to sources, Kyari was rescued by officials and has since been kept in an isolated cell “under heavy protection where no one sees him for fear of attack or poisoning.”

 

To ‘buy’ his safety, Kyari had to pay each of the aggrieved inmates N200,000 ‘in initial settlement fees’ and then ‘procured DSTV subscription for cells to buy loyalty and peace,’ one source said.

 

However, Mr Enobore, who speaks for the correctional service, said, “I am not aware Abba Kyari paid anybody to secure his safety in prison.”

Kyari is alleged to have amassed wealth far in excess of his fair earnings by inverting his role as a law enforcement officer and involving in illicit activities. In April, NDLEA said they marked properties in Borno, Kano, Lagos, and Abuja ‘linked’ to the disgraced officer.

 

Despite the ‘settlements’ the aggrieved inmates have continued to threaten Kyari’s life, the sources said.

 

“Regardless of the level of protection, they vowed to get him,” a source said. “The inmates have given him an ultimatum to return all he extorted from them or be killed.”

 

“Relevant officials have assessed that he will be killed or badly injured if he continues to be remanded in Kuje.”

 

An official recommendation has therefore been made that Mr Kyari should be transferred out of Kuje to an SSS facility.

 

The SSS spokesperson, Peter Afunanya, did not answer calls, nor did he reply to a text requesting he comment on this report.

 

Meanwhile, prison sources described Kyari’s life in Kuje.

 

“So far, he has every relevant officer on his payroll. They do his bidding, he sees his wife, and he has access to mobile devices and marabouts,” one source said.

 

 

 

Ecobank Transnational Incorporated holds its 34th AGM and Shareholders approve resolutions

Ecobank Transnational Incorporated holds its 34th AGM and Shareholders approve resolutions

Ecobank Transnational Incorporated (“ETI”), the parent company of the Ecobank Group, the leading pan-African bank with operations across 33 African countries, today held its 34th Annual General Meeting (AGM) in Abidjan, Côte d’ Ivoire. 

Alain Nkontchou, Chairman Ecobank Group said: “2021 was a transformational year for the Group and the Board is pleased to be rewarding shareholders with a dividend for the first time since 2016. Our results show that we are maximising operational efficiencies and successfully transforming our business for sustainable long-term growth. As we continue to deliver on our strategic imperatives, we are firmly positioned as the ideal partner for households and businesses to grow and succeed, and to foster Africa’s economic development, while continuing to grow our revenues and value.”

Ade Ayeyemi, Chief Executive Officer, Ecobank Group, further observed: “The Group’s years of consistent and disciplined management, decisive action, investments in people and innovative technology are producing tangible results with 2021’s record growth in profits. Our scalable payments ecosystem endows us with low cost-to-serve and the readiness to facilitate the expected huge growth in payments and collections. This, coupled with our intent to be the trade bank for sub-Saharan Africa, makes us a key player in helping Africa’s businesses and economies to maximise the huge opportunities created by the African Continental Free Trade Area (AfCFTA).” 

Ade added that the Bank’s first quarter results for 2022 provided a clear confirmation of Ecobank Group’s continuing strong and sustained performance trajectory reinforcing the Bank’s reliability and capacity to successfully deliver on its Africa-focused purpose and support for the continent’s economies, regardless of the prevailing challenges. “We are steadfast in our determination to win for all our stakeholders,” he noted. 

Shareholders applauded the Group’s impressively strong performance in 2021, which was achieved despite the challenging environment. The Group’s profit for the year was $357 million compared with $88 million in 2020, although the latter was adversely affected by a goodwill impairment charge of $164 million. The Group’s net revenues increased by 4.6 per cent to $1,757 million. 

Ecobank’s ‘One Market. Endless possibilities.’ AGM theme underlines the infinite possibilities offered by the African market, especially in the era of the AfCFTA. The Bank is ready to maximise this one market with endless possibilities with its customers and clients by providing support to trade and satisfying the financial needs of customers and clients, using its innovative solutions and services. With an unrivalled African footprint, strong balance sheet and ability to tap capital markets as necessary, Ecobank’s Commercial, Corporate and Investment, and Consumer Banking divisions’ continued and effective growth and impact is assured.

The Shareholders approved all the resolutions presented at the AGM, including the appropriation of profits, the renewal of the mandates of directors and the appointment of alternate auditors.

IPOB: Soludo Declares Curfew In Seven LGAs In Anambra [Full List]

 

Governor Charles Chukwuma Soludo of Anambra State on Wednesday evening declared a curfew in seven Local Government Areas of the State.
The seven Local Government includes Aguata, Ihiala, Ekwusigo, Nnewi North, Nnewi South, Orumba North and Orumba South.

The governor made the declaration in a statewide broadcast on Wednesday.

The curfew which takes effect from Friday will be in force until normalcy returns to the affected areas.

“With effect from tomorrow, Friday, 26th May, 2022, a 6pm to 6am curfew is hereby placed on motorcycles (okada), tricycles (keke), and shuttle buses in Aguata, Ihiala, Ekwusigo, Nnewi North, Nnewi South, Ogbaru, Orumba North and Orumba South Local Governments until further notice.

“Also, motorcycles, keke and shuttle buses are banned from operating in these local governments on Mondays until the Sit-at-Home completely stops,” he said.

Naija News reports that Soludo declared the curfew following an increase in killings and attacks on government properties by unknown gunmen who many believe to be members of the outlawed Indigenous People of Biafra (IPOB).

 

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