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Tony Elumelu Presents Transcorp Group’s Strong 2021 Performance and ESG Blueprint to Shareholders

Shareholders of Nigeria’s leading listed diversified conglomerate, Transnational Corporation Plc (“Transcorp”), met today for the Group’s 16th Annual General Meeting, held at the Group’s hospitality flagship, Transcorp Hilton Abuja.

The Group saw significant growth across all metrics. Group Gross Earnings increased to N111.2 billon in 2021, from N75.3 billion in 2020. Profit Before Tax increased to N27.99 billon, from N1.6 billon. Profit After Tax recorded in 2020 was N3.8 billion, while 2021 saw an increase by N23.8 billion and total assets grew to N416 billion in 2021 from N319.2 in 2020.

Group Chairman, Tony Elumelu expressed his delight in the positive performance, across all sectors within the Group.

“Shareholders, I am sure you will share with me the considerable satisfaction of knowing that our company has continued to surpass its past performance, despite the macroeconomic difficulties. Our priority in 2022, is to continue optimising our existing assets and pursuing growth opportunities. This is critical to ensure sustainable growth in an ever-changing operating landscape.”

He continued by underlining the Group’s corporate responsibility to its communities. “At the core of Transcorp’s purpose is a commitment to building socially responsible and impactful businesses, in key strategic economic sectors that serve our diverse stakeholders. Transcorp, as a responsible corporate citizen, has consistently embraced and sustained a corporate culture and social commitment by driving the integration of Environmental, Social and Governance (ESG) criteria in all aspects of the business’ dealings and investment decisions. As a Group, we remain unwavering in our commitment to sustainable growth, driven by a mission to delivering long-term value and good to all our stakeholders.”

The Chairman showed appreciation by thanking shareholders, for their valuable support during the year. He also thanked all members of the Transcorp Group for their utmost dedication towards the vision of creating sustainable value for their stakeholders.

The President of Transcorp Group, Mrs. Owen Omogiafo, also spoke to the Group’s innovation in the hospitality business demonstrated by the launch of its digital hospitality platform, Aura by Transcorp Hotels in 2021, and highlighted the ongoing investment in assets in 2022, with the commissioning of a best-in-class Spa, and a 3,000 person capacity multipurpose hall, both at the Transcorp Hilton Abuja.

“We are optimistic about the Group’s strategic direction and ability to deliver value. Our performance underlines the success of our long-term strategy of sustainable growth, diversifying our revenues, and accessing new business opportunities to deliver superior returns to all our stakeholders.” Omogiafo said.

The shareholders also approved the change of the company’s name to Transnational Corporation Plc to reflect its new commitment to expanding its impact beyond Nigerian.

BREAKING: Armed Robbers Attack Bullion Van In Imo

A bullion van conveying on Thursday, was attacked by gunmen at Ogbor, Nguru, in Aboh Mbaise Local Government Area of Imo State.

It was gathered that the gunmen double-crossed the van coming from Ahiazu to Owerri and started shooting at it thinking it was loaded and conveying cash.

An eyewitness said the unknown gunmen shot sporadically and the driver of the van with two other persons in the bid to escape at high speed tumbled severally and ran into about four different vehicles packed at the spot where it happened.

It smashed the vehicles as well as destroyed the windows, doors, and windscreens of the vehicles.

Reacting, the Imo state Police Public Relations Officer, PPRO, Micheal Abttam, said: “Sketchy information revealed that the bullion van was returning after delivering money and was attacked by hoodlums. The driver on noticing it tried to escape unfortunately, his vehicle capsized. No money was carted away.”

Fire guts TB Joshua’s property, destroys tomb shelter

Fire has destroyed the tomb shelter of the late founder of the Synagogue Church of All Nations, Prophet Temitope Joshua, in the Agodo area of Ikotun, Lagos State.

PUNCH Metro gathered that the fire started around 6.30pm on Wednesday.

A resident, who spoke on condition of anonymity, said no one could tell if anybody died in the incident.

He said, “The affected property is on Ajisebiri Street, Agodo. The house started burning around 6.30pm and as I speak with you, fire service officials are trying to put out the fire.

“The compound of the house is big, so nobody can see what they are doing inside. Also, officials putting out the fire didn’t allow anybody inside.”

The Acting Coordinator, National Emergency Management Agency, Ibrahim Farinloye, who also confirmed the incident, said the fire had been put out.

He said, “The incident happened at a building belonging to the late pastor. The late pastor usually went there to relax and meditate. Federal fire service officials moved in to put out the fire.”

The Head, Lagos State Fire and Rescue Services, Margaret Adeseye, said the fire affected the shelter covering the late pastor’s tomb.

She said, “It is confirmed that a section around the tomb of the late pastor TB Joshua caught fire. A shelter was built to cover the tomb because it is an open place, so, it was the shelter that caught fire. But we were able to curtail it and it did not spread beyond where it started from. We have yet to identify the cause of the fire.”

FUNKE AND FEMI ASHEKUNS FRAUDULENT AND ADULTEROUS ACTS EXPOSED

It’s not a new story that Funke Ashekun has decided to point at his father’s house with her left hand just like bastards do. I said I was going to follow up on her stories and expose the ill-mannered agenda that she displays on her program. For almost 6 months now she has been recycling same stories that have no base and evidence, we have repeatedly asked her to name victims and provide documents to her claims and none has been made available.

It was a very hilarious moment on Facebook as I stumble upon Zibah blog, discussing Funke Ashekun matter. As one that has written, a couple of articles about this ungrateful lady and her plot to bite the finger that fed her, I quickly pulled up a chair to listen to the Facebook exposition, and couldn’t believe what my ears heard about our holier than thou lady FUNKE ASHEKUN AND HER HUSBAND

HER BACKGROUND

I just found out that her father is in the ogboni confraternity, and the father in-law is a Native doctor, wow, no wonder She has been squealing like a broken record over her imaginary molestation, and people being abused in the toilet of HER FORMER GENERAL OVERSEER.

THE FRAUDSTER AND ADULTERER

After listening to the program that evening, I decided to track one of the callers who gave a stunning revelation ON THE SHOW, to seek more information and really get some facts.

we were told that this woman and her husband has been embezzling church funds, for a long time, to the extent of even building a house from the proceed of their iniquity amidst this the husband on the other hand was basking in the arms of young ladies in the ushering department and the choir department fondling them in other words committing adultery,

find the voice recording of this revelation below:

I have repeatedly asked her just one question, AND SHE IS YET TO ANSWER, and that is, since she has been in that ministry for over two-decades claiming to work with your general overseer, have you ever been with him behind closed doors? has he fingered you? has he ever made any pass at you? if you can name anyone that has any claim to all these allegations kindly provide.

OFFICE STRUCTURE

This woman alleged that the office of the general overseer has different chambers, well, I believe the office description she is giving, must be of her father’s shrine, because the OFFICE OF THAT MAN OF GOD is JUST A WAITING ROOM CALLED THE CORRIDOR AND AN OFFICE THAT HE USES FOR COUNSELLING so please FUNKE stop the nonsense.

Kindly click on link below to listen to this deep exposition by Zibah blog and listen to the interview I granted a witness of their atrocities, so you can know the true nature of the Ashekuns

https://web.facebook.com/ZibahDBosslady/videos/489904956161645

https://youtu.be/EfPPHQyf6Cg

femi for sahara weekly

NCC Releases Guidelines For Replacing SIM Cards Of Dead, Sick People, Others

Nigerian telecommunications subscribers can legally replace Subscriber Identity Module (SIM) for deceased and also persons by proxy, the Nigerian Communications Commission.

This was made known in the ‘Guidelines on SIM Replacement and the business rules & operational processes for implementation of the SIM replacement guidelines 2022.’

The Guideline was approved by the Minister of Communication and Digital Economy, Isa Ali Ibrahim (Pantami).

The ministry had set up a technical committee on the guideline.

The Minister had approved the SIM Replacement Policy for subscribers whose SIMs have been lost, stolen, misplaced or damaged in 2021.

The guideline applies to all Communications Service Providers using a Subscriber Identity Module (SIM) as well as all postpaid and prepaid subscribers, according to the document seen by THE WHISTLER.

The National Identity Number linkage has become mandatory for replacement of SIMs. Based on the guideline, subscribers can replace their SIM by proxy, while SIM replacement can be done for the deceased.

The NCC described the proxy as a subscriber who cannot visit the shop either due to sickness or inability to move.

It said the requirement are a letter of authorisation from the main Subscriber appointing the Proxy in that regard, adding that the Proxy must provide his/her NIN and the NIN of the main Subscriber.

The Guideline also stated that the Subscriber must provide the Communications Service Provider with a letter of indemnity, indemnifying the relevant Communications Service Provider from any liability arising from the SIM Replacement process.

On SIM replacement for the deceased, the regulator revealed that SIM of a deceased can be replaced by an authorized individual subject to conditions.

The steps are, “The provision of a Certified True Copy of the death certificate of the deceased issued by the National Population Commission (NPC). Provision of Letters of Administration of Estate issued by a superior Court of Record, where the deceased died intestate or with an unregistered Will. Where the deceased died testate, the Executor of the registered Will must provide the requisite probate letters showing authority to act on behalf of the estate of the deceased.

“The authorized individual must provide his/her NIN and the MSISDN of the deceased. The Communications Service Provider shall confirm the deceased ownership of the MSISDN and whether any NIN was linked to the MSISDN. The authorized individual must provide the Communications Service Provider with a letter of indemnity, indemnifying the relevant Communications Service Provider from any liability arising from the SIM Replacement process.

“At all times, such individual shall be liable where it is discovered that the SIM Replacement was done without the requisite authority.”

Special Tawaf: Tinubu Thanks Obasa, Wants More Prayers For Nigeria

– Urges Nigerians to pray for Buhari, other leaders

– Seeks Allah’s intervention in Nigeria’s challenges

National Leader of the All Progressives Congress (APC) and top presidential aspirant on the party’s platform, Asiwaju Bola Ahmed Tinubu, has thanked the Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa, for the special Tawaf held for him and in favour of his ambition in Mecca.

Tinubu also commended the Lagos State House of Assembly for the successes so far recorded under the leadership of Dr. Obasa just as he appreciated the members of the House who took part in the Tawaf.

The special Tawaf held on Thursday around Kaabah at the centre of Islam’s most important mosque, the Masjid al-Haram in Mecca, Saudi Arabia.

While expressing gratitude to the participants, Tinubu, a former Governor of Lagos, urged Nigerians to use the opportunity to pray for a better Nigeria.

He encouraged the citizens to pray for President Muhammadu Buhari and other leaders of the country as they make efforts to resolve the country’s challenges.

“As Muslim faithful continue their fasting and supplications to Allah in this Holy month of Ramadan, I express my gratitude to the Lagos State House of Assembly for their decision to organise a special Tawaf (circumambulation of Holy Kaabah) and prayer session for me today (Thursday) in Mecca.

“I’m most honoured by this gesture purposed to be in furtherance of similar prayers seeking God’s blessings for my aspiration to lead our country from 2023.

“However, while thanking Speaker Mudasiru Obasa and all members of the Lagos State House of Assembly for this important decision, I enjoin the Speaker and his colleagues to go beyond my ambition and pray for Nigeria as well.

“I urge them to intercede on behalf of the nation and beseech Almighty Allah for an end to the challenges besieging our country.

“I urge them to pray for President Muhammadu Buhari and his administration in their efforts to surmount these challenges,” he appealed.

He further urged for prayers to Allah to touch the hearts of bandits and criminal elements in the country so that they toe the path of goodness in the blessed month of Ramadan.

“I also enjoin everyone organising or holding similar prayers either for themselves or for some particular causes to also remember to pray for our country in this sacred month,” he said.

The Tawaf was attended by political and business leaders as well as Islamic schorlars.

NYSC Confirms Death Of Missing Corps Member

The death of a female corps member, Stephanie Se-ember Terungwa Edward Achado, who was declared missing in the Federal Capital Territory on the 14th of April has been confirmed by the National Youth Service Corps (NYSC).
The family of the late corps member had declared her missing in a post on social media.

It was reported that Stephanie went missing after leaving her apartment for Community Development Service (CDS).

However, her body was reportedly found on Wednesday, still dressed in her NYSC uniform, while some of her vital parts had been removed by the killers.

NYSC in a statement released on Facebook noted that Stephanie’s face was defaced beyond recognition.

The statement reads, “The attention of the NYSC Management has been drawn to the pictures making the rounds in the social media of a missing Corps member deployed to the Federal Capital Territory, Abuja.

“The corpse was found wearing the NYSC khaki trouser, with the face defaced beyond recognition.

“On account of this, Management reported the discovery to relevant security agencies to help identify the body. It was later confirmed that the remains were that of a missing Corps member, Stephanie Se-Ember Terungwa, with State Code Number FC/21B/5807.

“Investigations are, however, currently ongoing to unravel the identity of the perpetrators of the dastardly act to bring them to justice.

“May her soul rest in peace.”

Trouble as parcel containing $75,000 Stolen At APC Headquarters

There was serious drama on Wednesday at the headquarters of the All Progressives Congress after a parcel containing $75,000 was stolen.
According to reports, the cash was stolen while members of the party were struggling to gain access to the secretariat of the party.

The ruling party started sale of nomination forms on Tuesday which has seen aspirants storm the party headquarters to purchase their form.

It was gathered that canopies were set up in the premises of the secretariat due to the ongoing renovation.

However, the canopy where the forms were sold was abruptly disassembled without explanation during the incident.

Meanwhile, The PUNCH reports that the stolen funds at the party secretariat has no connection to the proceeds from the sale of nomination and expression of interest forms.

Political aspirants in the party have been directed to deposit funds in the allocated account numbers before proceeding to pick up their forms at Buhari House.

An eyewitness said, “It’s actually $75,000. You know there was a struggle at the gate when aspirants and supporters were trying to get in. When the parcel of money dropped, it went missing in a flash. By the time security operatives were alerted, the thief had vanished with the envelope.”

At the time of filing this report, the ruling party has not officially reacted to the development.

2023: ‘Jonathan Has Sealed A Deal With Buhari On Presidency’ – Sources

There are indications that some top stakeholders in the All Progressives Congress on Tuesday night sold Goodluck Jonathan candidacy to President Muhammadu Buhari.
It was gathered that the stakeholders which include governors sold the idea of the former president serving for a term in office and handling over to his Vice.

According to Vanguard, sources claimed that the stakeholders plan to pick Jonathan’s running mate from North-East.

The sources further stated that both President Buhari and Jonathan have reached an agreement on the deal.

One of the sources said, “Jonathan has agreed in a way to serve only one term but not on the platform of the PDP. I am aware of what is going on and the deal thrown at Jonathan.

“Some APC governors, also known are the ones asking Jonathan to throw his hat in the ring. From what I know and the meeting I attended, they sold the idea to Buhari.

“Jonathan has already met Buhari in the villa and the deal has been sealed. The game is that he will only serve one term (because he cannot do two terms having been elected for the first term earlier) and hand over to his vice, who will come from the North-East.

“They know that the former president is obedient and will do their bidding, they have seen it in the past. As you know, the North still wants to retain power and that is why they are throwing the offer at him.”

Another source disclosed that the stakeholders have no plan to support the presidential ambition of the national leader of the party, Bola Tinubu and Vice President Yemi Osinbajo ambition.

The source said, “They do not want Tinubu or Osinbajo. In fact, what worked against Osinbajo is that they see him as an extension of Bola Tinubu, who still defers to Tinubu.”

The source, however, concluded by saying, “things are still in a state of flux and last-minute jostling may still upturn the arrangement.”