Connect with us

COVER

Transforming Nigeria Demands Collective Dedication – Elumelu

Published

on

Share

The Founder, The Tony Elumelu Foundation, Tony O. Elumelu, has said transforming Nigeria was a journey that demands collective dedication, building across political affiliations, ethnic differences and socioeconomic differences.

He said the journey was not the responsibility of government alone.

Elumelu made the remarks in Abuja, Sunday at the Nigerian Bar Association (NBA) Annual General Conference.

According to him, great nations start with great people, not just great leaders.

He explained that “our private sector, our philanthropies, our civil society, all citizens must be brought together and be empowered – as real, valued and executing partners for this national renewal, this nation building.

Elumelu said “it behoves us all to collaborate in unity to reset Nigeria.”

Besides, he pointed out that nation building was not a quick fix, but entailed sacrifices adding, Nigeria could not keep doing the same things and expect different outcomes.

He spoke of the need of leading Nigeria by laying important foundations for the nation and renew its infrastructure not just roads or rail, bridges, or ports but investment in the youth and provide them with the means to succeed in Nigeria–not beyond Nigeria.

Elumelu noted that by this means, it is not just investment in the education system, but in entrepreneurial culture.

“When entrepreneurs succeed, we succeed as a nation.  If they don’t, we all fail. In my engagement with fellow private sector leaders, my message is simple:  We must see ourselves as the engine of innovation, the source of investment, and the creators of jobs. This is exactly what we have achieved at the Tony Elumelu Foundation,” he stressed.

He said the nurturing of entrepreneurship is not merely an economic endeavour, but a social responsibility. 

Elumelu explained that by empowering the youth, supporting start-ups and SMEs, the private sector contributes to equitable wealth distribution, job creation, and social advancement.

This, he said, paves the way for economic empowerment that uplifts communities and contributes to a more inclusive society noting that “We all owe this to our people, even for our own enlightened self-interest.”

“This is what I call Africapitalism:  conscious capitalism; fair-minded capitalism; equitable capitalism; shared values and shared value; shared destiny; shared prosperity; not prosperity at the expense of inclusiveness; prosperity for the majority, not the few,” he said.

He said that when with his wife committed USD100m to help democratize luck and empower youth, through The Tony Elumelu Foundation, giving annual non-refundable grants of USD5k seed capital to each beneficiary, now received by over 18,000 young Africans, it was not out of an abundance of wealth.

Rather, he noted, it was their own contribution in spreading prosperity and making the world a better and safer place for all.

He said poverty anywhere is a threat to all of us everywhere and the ultimate panacea for insecurity and extremism is prosperity.

In business, he explained, the Nigerian private sector is showing globally its capability, ingenuity and institutionalisation.

He said there are global businesses with Nigerian origins noting that United Bank for Africa, the only African Bank that operates in the USA as a deposit taking bank. 

Elumelu said UBA is now in Dubai, Paris, and London – and just as importantly 20 other countries in Africa, a situation no one would have thought 20 years ago.

COVER

After Five Months Bello, EFCC Standoff Turns Theatric

Published

on

Kogi- tate Governor-Yahaya Bello
Share

From Joseph Amedu, Lokoja

Former Governor of Kogi State Yahaya Bello yesterday honoured the invitation of the Economic and Financial Crimes Commission (EFCC).

A statement from Bello’s Media Office signed by Michael Ohiare said that the decision was made after due consultations with his family, legal team and political allies.

The statement read, “The former governor, who has great respect for the rule of law and constituted authority, had all the while only sought the enforcement of his fundamental rights in order to ensure due process.

“The case has been before a competent court and Alhaji Yahaya Bello had been duly represented by his legal team at every hearing.

“It is important for the former governor to now honour the invitation of the EFCC to clear his name as he has nothing to hide and nothing to fear.

“The former governor believes firmly in the efforts of the administration of President Bola Tinubu to place Nigeria on the path of sustainable economic development and support the fight against corruption in the country.

“It is on record that he was the first Governor of Kogi State to put in place an anti-corruption mechanism to check graft and ensure that the resources of the state work for the people of the state.

“He was accompanied to the EFCC Headquarters by high profile Nigerians.

“It is our hope that the commission will be as professional as necessary and respect his fundamental rights as a citizen of the Federal Republic of Nigeria.

“Details of his engagement with the operatives of the anti-graft agency will be disclosed later.”

However, EFCC denied that the former governor was in its custody.

The commission, in a statement by its spokesperson, Dele Oyewale said that Bello remained wanted with a subsisting warrant of arrest.

He said, “Media reports today that a former Governor of Kogi State, Mr. Yahaya Bello is in the holding facility of the Economic and Financial Crimes Commission, EFCC is incorrect.

“The commission wishes to state that Bello is not in its custody.

“Bello, already declared wanted by the commission for alleged N80.2 billion money laundering charges, remains wanted with a subsisting warrant for his arrest.”

Bello was declared wanted after the incumbent governor of Kogi State, Usman Ododo helped the embattled former governor to escape arrest in April.

Ododo’s arrival with heavy security at the residence of the ex-governor in Wuse, Abuja prevented the EFCC men from effecting his arrest.

Ododo’s entourage drove out with Bello in the governor’s car.

Since then, it was said have holed up in the Kogi State Government House, Lokoja.

Continue Reading

COVER

Alia Hands over Seized Palliatives Truck to EFCC, ICPC in Makurdi

Published

on

Share

From Attah Ede, Makurdi

Governor Hyacinth Alia of Benue State yesterday handed over a truck of palliatives he recently confiscated in Makurdi to the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices Commission (ICPC) with a charge on them to conduct a thorough investigations bordering on alleged diversion.

The National Emergency Management Agency (NEMA), had on Sept.

11 through the office of the representative of House of Representatives for Kwande/Ushongo Federal Constituency, Terséer Ugbor deployed two trucks of palliatives to his constituency for onward distribution to IDPs and vulnerable households.

However, one of the trucks containing several materials worth millions of naira was confiscated by the state governor.

Our correspondent had earlier reported that the seized truck was conveying assorted relief materials meant for IDPs in the Kwande/Ushongo federal constituency was caught offloading its contents at a private residence around Kilometre 2 in Makurdi.

Further checks revealed that the palliatives, which were loaded from a NEMA warehouse in Jos found their way to a private residence under the directives of Ugbor.

The governor explained that he gave a standing order that the truck be impounded and moved to Government House Makurdi so as to know why goods released from NEMA for distribution to IDPs in Kwande and Ushongo could be offloaded at a private residence in Makurdi.

Alia who spoke at NEMA headquarters upon his return from the United Kingdom expressed displeasure over the discovery of some hidden facts regarding the matter.

He explained that preliminary investigations revealed that the goods were coming from NEMA and were meant to be sponsored by the state government and lifted by the State Emergency Management Agency (SEMA).

In a letter from NEMA headquarters addressed to the representative of the Kwande/Ushongo constituency, Ugbor, who lobbied for the materials, the agency specified that the state government should pay for the expenses of lifting the materials in Jos and that the materials be taken to the state by NEMA and handed over to SEMA.

Alia who discovered that some of the trucks conveying other materials such as mattresses were still missing, directed anti-graft agencies to liaise with a three-man committee from the state and conduct a thorough investigations to uncover more facts.

“It was also discovered that the materials were to be distributed directly to the affected persons by officials from the agency’s North Central Zonal Office in collaboration with the Benue State Emergency Management Agency team.

“I have directed that the Acting Executive Secretary of SEMA, James Iorpuu, officers of the EFCC, and a few others should monitor the situation and ensure that due process was followed and that the materials were distributed to the rightful people.

“I thank President Bola Tinubu for having Benue people at heart. I therefore use this opportunity to call on the National Assembly members to consider the conditions of vulnerable people in their states and ensure that they provide for their constituents whatever the federal government gives,” Alia stated.

The Chief Press Secretary (CPS) to the governor, Tersoo Kula in a statement in Makurdi, said the Director General of NEMA through a phone call, thanked the governor for being vigilant and also promised to continue to collaborate with the state government to ensure the fair distribution of materials coming from the Federal Government.

Similarly, last month, the governor uncovered the diversion of relief materials for an IDPs camp in Makurdi by SEMA officials.

The diverted food items include: 55 bags of rice, 24 bags of garri, Indomie noodles, beans among others.

The Executive Secretary of SEMA was perplexed, wondering how the governor got wind of the development.

Three staff of the agency were arrested in connection with the incident.The IDPs said diversion of relief materials by staff of SEMA was a common happening.

Continue Reading

COVER

CBN Appoints New Board for Keystone Bank

Published

on

dailyasset-greetings
Share

By Tony Obiechina, Abuja

Central Bank of Nigeria (CBN) has reconstituted the board of directors of Keystone Bank.

In a statement by the bank on Wednesday, the move is part of the apex bank’s strategy to ensure sustained growth for the financial institution.

According to the statement, Ada Chukwudozie is the new board chairman alongside five other non-Executive Directors.

They are Abdul-Rahman Esene, Fola Akande, Akintola Ayodeji Olusoji, Obijiaku Samuel, and Senator Farouk Bello.

In addition, the CBN named two new Executive Directors, Ladi Oluwole and Abubakar Usman Bello.

Chukwudozie, a prominent figure in Nigeria’s corporate sector, brings nearly three decades of experience in business strategy, management, and administration.

Her expertise cuts across multiple industries, including De-Endy Industrial Company Limited, Dozzy Group, the Manufacturers Association of Nigeria, and Vogue Afrique Magazine.

Esene, with over 43 years of experience in banking, investment management, and corporate finance, has held leadership roles in major institutions including Fidelity Bank, Afrinvest, and Global Arbitrage International Inc.

Akande boasts over 25 years of experience in legal, compliance, and risk management, having worked with global brands like Cadbury, Stanbic Chartered Bank, and Shell.

Olusoji has a distinguished 30-year career in accounting, finance, and business development, having served at institutions such as Sterling Bank, Access Bank, and Intercontinental Bank.

Samuel with more than 35 years of experience in banking and treasury operations has left a significant mark on Nigeria’s financial sector, previously working with Zenith Bank and Fidelity Bank.

Senator Bello, a seasoned banker with over 20 years of experience, has led initiatives across both the public and private sectors, including the National Assembly and Guaranty Trust Bank.

The two new Executive Directors bring their vast expertise to the table. Oluwole, the new Executive Director of Risk Management comes with over two decades of experience in credit and enterprise risk management, including previous roles at Bank of America.

 Bello, Executive Director for the Northern Directorate has extensive experience managing corporate, retail, and public sector clients.

Speaking on the appointments, Keystone Bank’s Managing Director and CEO, Hassan Imam expressed confidence in the new board members, adding that their wealth of experience would play a crucial role in the bank’s continued repositioning and growth.

“We are pleased to welcome the new chairman, non-executive directors, and executive directors to the board of Keystone Bank.

“We are confident that their extensive experience will be invaluable as we continue to reposition the bank to seize emerging economic opportunities while maintaining strong corporate governance and providing our customers with a secure and reliable banking experience,” Imam said.

Continue Reading

Read Our ePaper

Top Stories

NEWS2 hours ago

Shettima to Lead Nigeria’s Delegation to UNGA

SharePresident Bola Tinubu will not attend the 79th United Nations General Assembly session in New York this year.The President has...

NECO NECO
NEWS2 hours ago

NECO Releases 2024 SSCE Results

ShareThe National Examinations Council, (NECO) has released the June/July 2024 Senior School Certificate Examination results (SSCE), with 60.55 per cent...

NEWS4 hours ago

NDDC Unveils Initiative to Enhance food Security in N’ Delta Programmes

Share The Niger Delta Development Commission (NDDC) says it is committed to advancing projects and programmes that enhance food security...

NEWS4 hours ago

Kwara Govt. Seals off 14 Buildings over Concerns about Environment

Share The Kwara Government has in the past few days sealed off 14 buildings due to environmental concerns, the state’s...

Foreign News8 hours ago

Microsoft Boss Warns of Meddling Ahead of U.S. Presidential Election

Share Brad Smith, the president of technology giant Microsoft has issued a stark warning regarding foreign attempts to influence the U.S....

Education8 hours ago

New Dangote Varsity Pro-chancellor Promises to Turn Challenges into Opportunities

Share The newly-appointed Pro-chancellor of Aliko Dangote University of Science and Technology, Wudil, Justice Abdu Aboki, has promised to turn...

POLITICS9 hours ago

KWASIEC says 21,000 Applied for 7,000 ad Hoc job During Saturday’s LG Elections

Share Alhaji Mohammed Baba-Okanla, Chairman of the Kwara State Independent Electoral Commission (KWASIEC), says more than 21,000 persons applied for...

Metro9 hours ago

FCT Civil Service Commission Begins Regularisation of FCTA Staff Appointments

Share The Federal Capital Territory Civil Service Commission has begun the regularisation of staff appointments in the FCT Administration and...

Education9 hours ago

FCT primary Teachers Resume Strike over Unresolved Welfare Concerns  

Share The Federal Capital Territory Wing of the Nigerian Union of Teachers (NUT) on Wednesday, resumed industrial action over unresolved...

NEWS9 hours ago

Nigeria to Lead $7.7trn Global Halal Market – Shettima

ShareVice-President Kashim Shettima has expressed the determination of the country to become number one hub of opportunities in the global...

Copyright © 2021 Daily Asset Limited | Powered by ObajeSoft Inc