Apprehension in First Bank as furious Otedola Sanctions Management after ‘lavish’ Send-off
Folake Ani-Mumuney was asked to resign as First Bank’s global head of marketing and corporate communications by Femi Otedola, the chairman of the holding company, insiders have told TheCable.
A top employee of the bank informed TheCable that Otedola was “seriously irked” when he learned that a whopping sum was spent on a send-off party for Adesola Adeduntan, the former MD of the bank who was reportedly forced to resign over alleged negligence in a N60 billion electronic fraud.
It is still unclear if Ani-Mumuney’s resignation is directly linked to the party.
However, insiders said Otedola believed it was “insensitive and wasteful” to throw such a lavish party when the clear direction and mandate of the bank is to recapitalise and reposition the institution from excesses of the past management.
The source also stated that Otedola, who has in recent times developed a reputation for being a “no-nonsense activist investor”, is planning to take more “drastic” decisions and actions to keep First Bank on the track of impeccable banking “devoid of extravagance and waste of shareholders’ resources”, TheCable was told.
The development has sent panic across the top echelon of Nigeria’s oldest bank.
The source further said: “We are seeing efforts to plug leakages that have set the institution back over the years.”
The send-off party was held at the Harbour Point, Victoria Island, Lagos, on November 2, in honour of Adeduntan, who was GMD and CEO for nine years until April 2024.
Despite Otedola’s absence, the party had in attendance many dignitaries and top management of the bank.
Storm Darragh Forced Everton vs Liverpool Match Postponement
The Merseyside derby between Everton and Liverpool at Goodison Park has been postponed on safety grounds because of severe weather caused by Storm Darragh.
An amber weather warning for strong winds was issued for Merseyside on Saturday morning amid disruptive conditions across the UK.
The game was called off after a meeting between both clubs and representatives from Merseyside Police and Liverpool City Council.
“Whilst we appreciate this will be deeply disappointing for supporters, the safety of fans, staff and players is of paramount importance,” an Everton statement read.
Liverpool said the decision was “due to the risk to safety in the local area”.
The match was due to kick off at 12:30 GMT and be the final league derby between the two teams at Goodison before Everton move into a new stadium in 2025.
Liverpool are seven points clear of Chelsea and Arsenal at the top of the Premier League table, with both those teams set to play on Sunday – at Tottenham and Fulham respectively.
Sean Dyche’s Everton are 15th in the top flight, five points clear of the relegation places.
The Toffees announced after the match’s postponement that they had donated food to local foodbanks and charitable causes across the city.
Items such as pies and sausage rolls had been prepared in anticipation for the 40,000 crowd that had been expected at Goodison Park.
Millions of people in parts of Wales and south-west England have been told to stay at home to avoid danger during the storm.
Forecasters have warned of winds of up to 90mph in some parts, while the Met Office issued its highest-level red warning to cover areas of western and southern Wales – where tens of thousands of homes are without power.
Fearless Oyo State Born Islamic Scholar Sheikh Muhydeen Ajani Bello Passes on
Sheikh Muhydeen Ajani Bello, a well-known Islamic scholar and preacher, has passed away at the age of 84. His death was announced by Sheikh Akewugbagold Taofeek, an Ibadan-based cleric, in a Facebook post on Friday. Sheikh Akewugbagold prayed for Allah’s mercy on his soul.
The news of his passing has left the Muslim community in mourning. Born in 1940 in Ibadan, Sheikh Bello was deeply respected for his teachings and commitment to Islamic scholarship. His death was also confirmed by Alfa Aribidesi of At-Tawdeeh Islamic Da’wah likewise his son, the popular Islamic singer Alhaji Basit Olarenwaju Alh Basit Olanrewaju Katibi Bello, also known as Aponle Anabi, who shared the news of the demise of the renowned scholar in a social media post on Friday.
Aponle Anobi posted crying emojis with a picture of the Sheikh but did not provide any other details.
Although the cause of his death is unknown, Sheikh Bello’s passing marks the end of an era for a leader who devoted his life to guiding and inspiring others. One of his followers described him as a father and mentor, expressing grief but accepting Allah’s will.
Details of his funeral have not been officially announced, but there are reports that he may be buried according to Islamic rites on Friday evening.
Adron Homes Leads Call for Innovation and Urbanization at Oyo State Real Estate Conference
The Chairman of Adron Homes and Properties, Aare Adetola Emmanuelking, delivered a powerful address at the maiden edition of the Oyo State Real Estate Conference, organized by the office of the Special Adviser to the Governor on Housing and Urban Development, in collaboration with the Real Estate Developers Association of Nigeria (REDAN), Oyo State Chapter.
Themed “Positioning and Globalization of Oyo State Real Estate – Road to Urbanization,” the event, held in Ibadan, brought together industry leaders, government officials, and stakeholders to discuss opportunities and challenges in the state’s real estate sector.
In attendance were notable dignitaries, including the Deputy Governor of Oyo State, Barrister Bayo Lawal, the Special Adviser to the Oyo State Governor on Housing and Urban Development, Honourable Akinsete Olakunle, the REDAN Oyo State Chapter Chairman, and other key players in the real estate and urban development sector. Their collective presence underscored the significance of the conference and its importance to the state’s growth and development.
In his keynote speech, Aare Emmanuelking lauded the organizers for their forward-thinking vision, emphasizing that the conference came at a critical time when globalization and urbanization are reshaping the real estate landscape in Nigeria.
“This groundbreaking initiative is a testament to Oyo State’s commitment to fostering growth and excellence in the real estate sector. At Adron Homes, we are proud to be at the forefront of this revolution, not only as developers but as visionaries reshaping the future of real estate in Oyo State and beyond,” he stated.
Highlighting Adron Homes’ contributions to sustainable urbanization in Oyo State, Aare Emmanuelking detailed the company’s investments in strategic locations, including West Park and Gardens Aiyegun Oleyo, London Parks and Gardens Akufo, Moscow Parks and Gardens Moniya Iseyin Road, and several others. He noted that these projects were designed to not only provide quality, affordable housing but also create vibrant communities that align with the state’s vision and master plan.
“Real estate is not merely about building structures; it’s about creating communities, enabling aspirations, and unlocking the economic potential of our people,” he emphasized.
The Deputy Governor of Oyo State, Barrister Bayo Lawal, commended Adron Homes and other stakeholders for their role in transforming the state’s real estate sector. He acknowledged the company’s unwavering commitment to affordable housing and sustainable development, calling it a model for other developers in Nigeria.
The conference provided a platform for meaningful dialogue, with industry leaders like Aare Emmanuelking contributing valuable insights on innovation, opportunities, and the best practices for positioning Oyo State as a real estate leader.
As the event concluded, Aare Emmanuelking reiterated Adron Homes’ commitment to collaborating with REDAN and the Oyo State Government to build a brighter, more sustainable future for the people of Oyo State. He expressed optimism that this inaugural conference would pave the way for impactful engagements in the years to come.
Dignitaries to Grace Kamorudeen Yusuf’s Ogun State City Boy Movement Empowerment and Youth Summit
The Ogun State City Boy Movement, led by Kamorudeen Olawale Yusuf, Personal Assistant to President Bola Ahmed Tinubu on Special Duties, is set to host a landmark empowerment program and youth summit in Abẹ́òkúta, the state capital, on Saturday, December 21, 2024. The event underscores President Tinubu’s commitment to youth empowerment and education, aligning with his administration’s agenda to drive economic growth and entrepreneurship.
₦45 Million in Empowerment Grants
The summit, the first of its kind, will feature an empowerment initiative worth ₦45 million to support young entrepreneurs and business owners. Highlights include:
₦500,000 grants for 50 medium-scale entrepreneurs.
₦200,000 grants for 100 small-scale business owners.
Funding for three innovative tech ideas that provide creative solutions for social impact.
Additionally, 30 market women across Ogun State will receive ₦200,000 each, and scholarships will be awarded to students as part of the movement’s broader commitment to education and economic growth.
Key Guests and Speakers
The event will attract a host of dignitaries, including:
Prince Dapo Abiodun, Governor of Ogun State, as the Special Guest of Honour.
Bosun Tijani, Minister for Communication and Digital Economy.
Other notable speakers include Charles Odii, Director-General of SMEDAN; Dr. Oluwatoyin Afiz of ITF; and Miss Rinsola Abiola, Senior Special Assistant to the President on Citizenship and Leadership.
Comprehensive Agenda
The summit will feature panel sessions focusing on key sectors such as MSMEs, technology, agriculture, and the creative economy. These discussions aim to equip participants with tools and insights to drive economic transformation in Ogun State.
Educational Impact
In addition to the empowerment program, the City Boy Movement has taken steps to improve education in the state. Classroom furniture was donated to six primary schools across Ogun State’s three senatorial districts. Each school received 50 sets of tables and chairs, accommodating a total of 900 students and significantly enhancing the learning environment.
For youth entrepreneurs and stakeholders, the summit offers a rare opportunity to secure funding, gain insights from industry leaders, and network with influential figures in government and business.
This event not only marks a step toward empowering Ogun State’s youth but also highlights the City Boy Movement’s dedication to fostering long-term economic and social development.
Trouble in GTBank Utopia as Aggrieved Customers Vows to Dump the Problematic Bank Despite Last Minutes Appreciation
…Bank Accused of Withholding Funds to Prevent Customer Migration
Guaranty Trust Bank (GTBank) is facing a potential mass exodus of customers, despite issuing a recent statement of appreciation and apology for disruptions caused by its ongoing system upgrade. The bank’s reassurances appear to have done little to pacify frustrated depositors whose financial activities have been severely disrupted.
In a statement shared on November 27 across its social media platforms, GTBank expressed gratitude to its customers for their patience during the transition to a new core banking system. The bank apologized for the service disruptions and pledged to deliver a seamless banking experience moving forward.
However, many of the bank’s customers remain unconvinced. Some believe the apology is merely a public relations move, with unresolved issues such as unrefunded deductions and unprocessed transfers still plaguing users.
One disgruntled customer, speaking to Society Gazette, described the statement as insincere, stating:
“How can you appreciate me when the core issues remain unresolved? My corporate account has been severely affected. Illegally deducted funds have not been refunded, and a transfer I made nearly two months ago is still pending. Instead of addressing these problems, GTBank chooses to issue hollow words of appreciation.”
Unresolved Issues Spark Widespread Frustration
Findings suggest that GTBank’s system upgrade has yet to fully stabilize, with numerous customers’ still awaiting refunds for hanging transactions and illegal deductions. Allegations have emerged that the bank is intentionally delaying refunds to deter customers from migrating to other financial institutions.
According to insiders, the delay in resolving customer grievances may be linked to fears within GTBank’s management that a swift resolution would accelerate the anticipated mass departure of dissatisfied clients.
Internal Challenges at GTBank
Sources disclosed that GTBank’s recent challenges stem partly from a depletion of its IT workforce. Over the past few years, many of the bank’s IT experts have left the shores of the country for better opportunities with the bank choosing not to immediately replacing them, leaving the department understaffed. This has reportedly contributed to the chaotic rollout of the new core banking system.
To address the crisis, GTBank, we reliably gathered had outsourced the system upgrade to Indian IT specialists who had been battling with it and that the bank only has recently hired new set of young personnel to bolster its struggling IT team. Despite these efforts, the transition has been fraught with setbacks, leading to customer dissatisfaction and reputational damage.
What Lies Ahead for GTBank?
As frustration among its customer base continues to mount, GTBank faces an uphill battle to minimize the number of affected customers that are bound to move their critical banking services away from the bank, though some will definitely stick with the bank provided they were able to stabilize operations. To win those who are still undecided the bank must prioritize resolving pending issues, such as refunding affected customers and ensuring smooth transactions, to stem the tide of discontent.
With a competitive banking landscape and alternatives readily available, GTBank was exposed to the risks of losing some of its long-standing customers.
This crisis serves as a stark reminder of the critical importance of customer trust and the potential repercussions of failing to deliver on promises in a digital-first banking environment.
Adron Games 2024 Postponed Due to Security Concern
Adron Homes wishes to announce the cancellation of the much-anticipated Adron Games 2024.
This decision, was made in the best interest of all participants, stakeholders, and the broader community. The postponement is necessitated by heightened security concerns in certain regions that could potentially jeopardize the safety of staff, attendees and participants.
As an organization that is committed to the well-being of its staffs, partners and everyone involved, priority is designated to safety and security above all else. Also, the organization is taking this opportunity to rethink and restructure its sporting initiatives to ensure public inclusivity
and as part of efforts to enhance and expand the impact of its wellness programs, the Adron Games will evolve into a broader, more inclusive sporting initiative.
This transformation will foster collaboration, unity, and healthy competition among a wider array of participants, and will embody the same spirit of excellence, teamwork, and wellness that the Adron Games has championed over the years.
We deeply regret any inconvenience this decision may cause and hereby extend our heartfelt gratitude to our valued staff, participants, partners, ambassadors and supporters for their understanding and continued trust in Adron Homes.
Adron Homes remains committed to inspiring excellence and fostering community engagement through corporate wellness initiatives such as Adron Games at all times.
The Lagos State House of Assembly on Monday debated the 2025 appropriation bill of N3.005 trillion presented to the lawmakers by Governor Babajide Sanwo-Olu last Thursday.
Speaker Mudashiru Obasa, who presided over the plenary, committed the bill to a joint committee on appropriation and finance for review with a mandate to report back in one month.
Earlier, Chairman of the House Committee on Budget and Economic Planning, Hon. Sa’ad Olumoh, provided an overview of the proposed spending with a breakdown of items in the estimate.
While raising concerns over the projection of N408 billion deficit financing in the budget, Olumoh, who noted that loans are good when used for the actual purposes, added: “We have to be cautious about it. We need to have a sustainable and pragmatic way of financing our budget so that we don’t rely solely on loans.
“So I would suggest that we look at a realistic budget and ways to finance it using alternatives like the Public Private Partnership models.
“I also want to implore my colleagues that for the purpose of the 2025 budget, we need to properly scrutinise it to prevent wastage.”
He commended the government for its intentions as stipulated in the budget estimate.
Deputy Majority Leader Adedamola Richard Kasumu called for a careful review of the budget to enable comparative analysis and feasibility.
Hon. Gbolahan Yishawu (Eti-Osa 2) noted the absence of allocations for electricity infrastructure and climate change initiatives while suggesting a five-year retrospective analysis of deficit funding.
His colleague, Hon. Femi Sheed, stressed the importance of linking borrowing to critical infrastructure like electricity while ensuring revenue efficiency and addressing potential financial leakages.
On his part, Hon. Desmond Elliot highlighted the omission of food security measures in the proposal while urging the inclusion of initiatives to meet citizens’ needs.
Recall that Governor Sanwo-Olu told the lawmakers that the budget aims to achieve a 59% capital expenditure and 41% recurrent expenditure ratio with a deficit financing to be sourced through external and internal loans and bonds.
Peter Obi, Atiku had nothing to offer -Doyin Okupe …says 2023 election was not rigged
For Doyin Okupe, sitting on the fence is not an option. He prides himself as a rare politician who speaks without minding whose ox is gored. Mostly misunderstood, he has been around for a long time but has refused to exit the stage.
As a spokesman to two former presidents, he courted controversies and was once dubbed the attack dog to a sitting president. From seeing satire to innuendoes thrown at him, Okupe has waxed stronger brushing aside criticisms, he said he has grown accustomed to and fears no one. To him, eliciting criticisms is the price for being principled, and it amounts to anathema to stay under the radar for fear of being criticised.
In this interview, Okupe took on long time political colossus, Atiku Abubakar and 2023 presidential candidate of the Labour Party, Peter Obi, dismissing them as having nothing better to offer Nigeria. He lambasted them for daring to propagate what he claimed was a fallacy that the 2023 election was rigged.
He dubbed President Bola Tinubu a reformer in Aso Rock whose policies would begin to yield results from two years of the administration.
Except…
You’ve been in the news lately with critics and supporters saying that you’re looking for a job. What’s happening?
I am 72 years old. I have been a spokesman for two former presidents in Nigeria. I’ve been the spokesman of a major political party, NRC (National Republican Convention). I was also the spokesman of the Liberal Convention.
I have had my bit. Do you understand? I have had my bit. Those who say I’m looking for a job; if you checked that demographic, they are people in their 20s who do not know us.
I have always gone for and spoken strongly about whatever I felt compelled to comment on. That has been my lifestyle. When I supported Obi (Peter), what was I looking for? Obi was not even in the country then. He never lobbied me. He never spoke to me. He never asked for my support.
I went to Abeokuta (Ogun State) and I had a press conference, and I said I am stepping down from running for president and that I will be supporting Peter Obi. What was I looking for then? Because I believed at that time in regional equity and justice for us. Because we believed that the presidency should come to the South.
After a Northerner had been there for eight years, there is an existing understanding in the polity of this country among the political elites that the presidency would rotate between the North — not only between the zones but between the North and the South. So, if the presidency is coming to the South, there are three zones in the South—South-West, South-South and South-East.
It was only the South-East that had not had a shot at it. Nobody lobbied me, no human being on earth came to me, and pleaded for my support.
I personally, having conferred with Chief Ayo Adebanjo, who advisedly decided that I should support the South East. The best candidate at that time in the South-East, in PDP, was Peter Obi.
So, that’s why I went to support him. So, what was I looking for? That is my style. That is how I am.
When I was in the NRC, I was one of the campaign directors for Bashir Tofar. We campaigned vigorously around the country, but we lost the election. The military tried to play a game, tried to recruit us, and they did, they finally recruited us (the NRC) to support the annulment.
I left and resigned from my membership of NRC and joined NADECO (National Democratic Coalition) at the time when my colleagues in the NRC — I was in the top bracket of NRC — were being made ministers, I left it and I joined NADECO.
Abiola (MKO) did not call me, nobody called me, but that was what was just, and that was what was fair. That has always been the underlying theme in our philosophy in all my political engagements.
When I supported Obasanjo in 1998, Obasanjo never, ever called me. I didn’t know him closely. We were not friends, we were not colleagues, we were not anything. But I believed that this was a general who had strength and capacity, and he would do well, better than any other candidates, including Falae, who I had been very close to because of NADECO.
I held a press conference, and I announced that I was going to support Obasanjo. Obasanjo did not know anything about it, and on the first of December 1998, I drove to Ota Farm to meet Obasanjo and declared support for him.
That’s how my journey with him started. So, those who see what I’m doing with Bola Tinubu today and thinking that it was some personal dream, I told you, they can only be young people who do not know. They don’t have the history; they don’t know what my pedigree is. I am a man that supports what I consider to be fair and just even if it is to my detriment.
I met the president, Tinubu, about a week ago. I’ve not seen him for seven or eight years. I have not spoken to him on the phone. He didn’t talk to me. But he’s somebody I know very well politically. We have never been on the same side before in politics but we’ve always shared a camaraderie since our NADECO days. We came very, very close. When you’re in the trenches and you’re fighting a liberation war or another, you tend to be bonded more than just ordinarily when there are no issues.
From that time, till when he was governor and left as governor, I’ve had opportunities to sit with Bola Tinubu for three hours unending. And he has impressed me, not only as a politician, but as a technocrat, a man that was capable of deep thinking.
He has developmental ideologies and policies at his fingertips. This thing, you don’t learn it. It’s a gift.
The last time we had anybody close to him was Awolowo (Obafemi). Awolowo was a very serious-minded politician, but who had ideas of public policies that would benefit the masses. That is what Bola Tinubu is today.
Bola Tinubu, you know, in the villa, we have a reformer, a president who is a reformer.
I’ve heard some people saying that Bola Tinubu came to the office without a plan, he has no clue, that is balderdash, that is total nonsense.
I have worked with two past presidents. I have studied other presidents closely from a very close point. I don’t know any Nigerian president from 1960 to date who has come more armed, better prepared for governance than this gentleman.
Unfortunately for him, he has come into government at a very terrible and awful time. And when I met him, I told him, ‘are you out of your mind?’How would you want to succeed a Buhari (Muhammadu) administration, eight years of total abandonment, decadence and retrogression?
He said that is his passion. He was driven by that passion to help Nigeria. Having been part and parcel of those who brought Buhari, you can’t blame somebody for bringing a leader. If the leader does not perform, it’s unfortunate. But if you are brave enough to say, yes, you know, whatever you have done wrong, let us put our necks out and correct it. And this is what this guy is doing.
How can you ask him, how can you ask a president, Bola Tinubu, how can you hold him accountable for the ills of 30, 40 years? And for the two-terms of national abandonment of the last eight years, it’s unfair, it’s unrealistic.
And go and check it, being a reformer, you know, he didn’t ask me to say this, but I’m telling you from my own common sense and understanding of how government works, Bola Tinubu will need a minimum of two years for some of his policies to be properly grounded, established and to begin to produce results.
I have gone to read history, I read about Lin Kuan Yew. Lin Kuan Yew had, you know, Singapore, and at that point in time, the other country next to it, Malaysia, before they pulled out. He had those 31 years to rule that country, to ground that country, to transform that nation from third world to first world. 31 years, I read his book.
He said, I did certain things that were not okay. He was even almost draconian at some points, but, you know, he was focused on what he wanted to do, Just like Bola Tinubu today appears to be very strong-minded, very focused, and determined to pull this through.
It’s going to be a couple of years of pain and hardship, but he’s doing what other presidents for the last 10, 20 years have refused to do. The choice he had was to run and was to come into governance and just continue business as usual. By the time he came to the government, 98% of our revenue generated was being used to pay debt
Arbitrage on the foreign exchange was at an alarming rate. We were subsidising power, subsidising hype, subsidising virtually everything. We have over-borrowed and we are now going back to the nefarious and condemnable, financially undisciplined act of printing currency. We printed more than 21 trillion. Nobody can continue like that. If we continue like that, we will become a totally devastating, failed state by now.
So, we should commend him, support him, pray for him, cooperate with him, and endure the hardship for this short period and wait for the results. The opposition is running helter-skelter, talking about all sorts of things.
The real opposition are Abubakar Atiku and maybe Peter Obi. In the first instance, the opposition appears to be unrealistic, saying the presidency was stolen. There’s nothing like that. No presidency was stolen. I’m not saying there was no rigging.
There was no election that we have done in Nigeria since 1960 to date that was not rigged, not one maybe Abiola’s election because of the unique nature of the voting pattern. You know it was Option A4 people were counted, apart from that every other election was rigged.
We were in this country when a sitting president (Umar Yar’adua) said the process that brought him into power was flawed. That was when he put up that Alias committee.
He confessed that it was flawed. I was involved in the process that brought Obasanjo. I was involved in the process that brought Yaradua
I was involved in the process that brought G.E.J. I knew about what brought in Buhari. All without exception were flawed. All.
So, talking about rigging, that’s not the issue. But you see, you only rig where you are strong. So, if you look at it properly, when three major candidates emerged for that election, it was obvious that we will have a minority administration.
Obi was substantially supported by the Southeast. And if the Labour Party or Obi, think that people rigged, APC rigged, how did Obi win the heartland of Bola Tinbubu? Why didn’t Bola Tinubu rig Lagos for himself? Why? If Obi said or the Labour Party said APC rigged the election, how come Obi was able to win the home base of Bola Tinubu? How come APC lost the election in the home base of a sitting president? How come APC lost the election in the home base of the Secretary to that government? The accusation about rigging does not hold water at all. It doesn’t hold water.
The truth of the matter is that under the best of conditions, the results we got may not have been the exact results but they will have that ratio. I was in a Labour party. We couldn’t have done better than we did. I knew that for other reasons, but that’s a discussion for another day.
And in any case, you know, when you look at it today, critically, Bola Tinubu has come into this government with better policy documentation than any of these two rivals by far.
Atiku is a magnificent, experienced, knowledgeable, and thoroughbred politician. I am telling you that I knew that for a fact. He also came with a testament, all right, that, you know, could hold sway, a testament which would have been, if he won, would have been binding on him to Nigeria.
But when we put the testament side by side, which is the correct reality we have on the ground today, it’s not applicable. The testament, the documents, and his preparation were hinged mainly on obtaining some funds, $10 billion and $15 billion or so.
They had that $15 billion and $5 billion, you know, loans, which they intend to inject into the economy and they sort a couple of things out.
That was theoretical. Because by the time Buhari was leaving, nobody was going to borrow Nigeria money Again. If people were ready to borrow Nigerian money, Buhari would not have had to go and print money. We were no longer credit worthy by the majority of the international financial institutions.
The premises and the pillars which Atiku placed this testament on are what you call sinking sand, they can’t work.
As for Peter Obi, Peter Obi has not given any documents to Nigerians as to what he was going to do. I can tell you for a fact.
I’ve admitted Atiku’s own but in the Labour Party, we did not have a document that we could adopt as our panacea for what was going on. All we were saying was that we want to take Nigeria from consumption to production. Good rhetorics but it’s not grounded either in policy development or in principle application.
I never supported Bola Tinubu, he’s not my person. He’s not; we’re not in the same party.
But in retrospect now, his reform, I mean, his agenda, his agenda that he brought, the Renewable Hope Agenda is the most credible document that can address and is addressing the current situation. And as you can see, it is being meticulously applied.
First of all, when he came, he came and removed the subsidy, and not removed the subsidy, but announced that the subsidy was removed because Buhari had already removed the subsidy. From June 1st, there was no subsidy provision in the project. So, the statement that the subsidy was gone was just an acceptable confirmation of an event that had happened. This was superfluous, but the subsidy was actually removed.
Next, he attacked the arbitrage in the foreign exchange section. And this is what I bring Bola Tinubu and his government for. Unknown to many Nigerians, I mean, people were feeding fat on foreign exchange earnings.
There were people who didn’t do any job. They just used contacts in the CBN, and collected one million dollars every week and got the difference, and made stupendous wealth. All that has gone, this man has stopped it.
After that, I mean, see, he has now implemented the student loan program. After that, he implemented this consumer protection thing, providing money for low-income earners and all that, in a systematic manner.
Monies that were being owed over seven billion dollars, that were being owed and were going to cripple so many things, the criminal activities in the country, they paid them off. The ways and means of 21 trillion naira that was a deficit have also been neutralised.
And you say that the man does not have a plan! Now, you know, two months after coming to government, he put up a committee to look into the tax reforms for the country, which was in his agenda before he came. So, this man has the systematic, reliable, focused, applicable agenda that can take Nigeria out of the woods.
Health, Insurance, And Entrepreneurship Lectures To Take Centre Stage At NASRE Foundation’s End- Of-Year Support To Ailing Journalists Others
NASRE To Hold Third Edition Of Media Outreach Programme On Thursday
Health, Insurance, And Entrepreneurship Lectures To Take Centre Stage At NASRE’s End- Of-Year Support To Journalists
NASRE’s Third Media Outreach Set to Highlight Health, Insurance, and Entrepreneurship
End-of-Year NASRE Event Focuses on Health, Insurance, And Entrepreneurship For Journalists
The Nigerian Association of Social and Resourceful Editors (NASRE) has announced the third edition of its Media Outreach Programme, scheduled for Thursday, 21st November 2024, at LTV 8, Agidingbi, Ikeja, Lagos, beginning at 12:00 pm.
In a statement by NASRE’s Media Director, Lateef Owodunni, this year’s event will not only focus on supporting vulnerable journalists, such as widowed and ailing members of the fourth estate, but also aims to empower active journalists through impactful sessions on health, insurance, and entrepreneurship.
“Our goal this year is to broaden the scope of support we offer. Beyond providing relief to vulnerable journalists, we are introducing sessions on health, insurance, and entrepreneurship to ensure active journalists gain valuable insights that can positively impact their careers and personal lives,” Owodunni stated.
The Media Outreach Programme, which has benefitted numerous journalists in its earlier editions, is designed to foster solidarity, growth, and resilience within the media community.
This third edition promises to bring together media professionals, associations, and stakeholders in an inspiring and empowering atmosphere.
NASRE invites journalists, media associations, and enthusiasts to participate in this landmark event, which highlights the importance of care, collaboration, and innovation in addressing the challenges faced by those in the journalism profession.