NEWS
TAJBank Wins Islamic Bank of the Year Award
Non-interest bank, TAJBank, has emerged as the “Islamic bank of the year” in the recently held Banks and Other Financial Institutions Awards (BAFI) 2021 organised by BusinessDay Newspapers.
This is coming two months after the bank clinched the Leadership Newspapers 2020 Bank of The Year award.
The management of BusinessDay Newspaper, in a letter, stated that TAJBank was honoured with the award based on its innovativeness in products packaging and customer-friendly services.
The letter stated: “When it commenced operations in 2019, TAJBank took the banking sector by storm.
“Its revolutionary agency banking model, suite of innovative retail products, depth of business banking, expertise, and world-class private banking service resonated with customers.
“TAJBank’s knowledgeable, courteous staff, excellent technology platform and inclusive corporate culture have won plaudits across the northern states, where it operates.”
The newspaper revealed that its analysts and Research and Intelligence Unit (BRIU) project that the Islamic banking sector in Nigeria will grow by 15 per cent yearly from 2021-2026.
At its current growth rate, BRIU analysts project that TAJBank could capture as much as 65 per cent of that market growth once it secures a national banking licence,” it added.
Meanwhile, the Founder and Chief Operating Officer of TAJBank, Mr Hamid Joda, described the award as evidence that the bank was on the right track in its sustained drive to redefine non-interest banking in Nigeria.
Joda cited innovativeness and customer-focused products and services as a strong attraction for the bank.
“We are honoured by the award and we want to assure the regulatory authorities, our stakeholders and customers that we will not relent in our efforts to consistently offer the best to our customers.
“We will continue to grow our shareholders’ funds, returns on their investments and more importantly, expand the frontiers of our operations so that more Nigerians can benefit from quality products and services nationwide.
“I want to say that the award is dedicated to our customers, who, as we say, are our only interest,” he added.
According to TAJBank’s Chief Marketing Officer and Co-Founder, Mr. Sheriff Idi, the award is highly valued by our board and management since we did not lobby for it.
“The newspaper’s management has said that the quality of our products and banking services, professionalism and inclusive corporate culture made TAJBank to win the award.
“We cannot afford to relent in our efforts to continue to offer the best to our customers”, Idi assured.
The BAFI awards were created nine years ago, to recognise and celebrate organisations, teams and individuals that are achieving excellence in the delivery of financial services. (NAN)
Judges, lawyers and litigants at the Federal High Court, Court of Appeal and National Industrial Court in Ibadan, on Monday, were locked out by protesting members of the Judiciary Staff Union of Nigeria (JUSUN).The national leadership of JUSUN had directed its members in the federal courts to embark on a strike on Monday over unpaid 25 per cent and 35 per cent salary increment, minimum wage and wage award.
A JUSUN official at the National Industrial Court, who craved anonymity, told Daily Asset in Ibadan that their salary was no longer enough as a result of current economic situation in the country. He said that the workers were seriously suffering while judges in the courts did not see them as part of them.According to the official, several steps taken to ensure their demands are met have been unsuccessful.The JUSUN representative said that no fewer than 10 members of staff of the National Industrial Court nationwide had died from February 2025 till date.“The suffering is too much and we are not asking for too much,” he said.Also speaking, a JUSUN official at the Court of Appeal, Ibadan, Mr Atanda Babatunde, said the strike was embarked on in compliance with the directive of the national leadership of JUSUN.Babatunde said that the strike would continue untill their demands were met.A lawyer, Mr Ismail Saka, who was at the Court of Appeal, Ibadan, expressed his disappointed over the strike.Saka said that he had been notified of his case coming up today and was surprised to have been locked out due to JUSUN strike.He said that one of his clients came from Sango-Ota, Ogun State, for the case, risking his life and wasting time and resources.He said that it was the right of JUSUN to embark on strike due to their entitlement while everyone was aware of the current economic reality in Nigeria.‘I urge the federal government to be compassionate and pay them their demands, which will make them live comfortable lives and not to be corrupted.Also, Mr Wale Oyegoke, who had a case at the Federal High Court in Ibadan, said he was angry that his case did not hold as a result of JUSUN strike.Oyegoke said that the Federal Government must treat the judiciary workers well, being a sensitive area.He said that the cost of living in Nigeria was already high while government was getting enough money due to subsidy removal.“The cost of transportation is very high, and if care is not taken, these staff will spend all their earnings on transportation.“I, as a person, spend N60,000 weekly on transportation.“Leaving home today, I thought my case would go on, but I am dsappointed that cases are not going on due to the strike.,” he said.A litigant, Mr Seye Olawale, who came from Lagos State, said that he was seriously pained risking his life on the bad road and wasting time and resources to come to Ibadan.(NAN)
The Cross River Government has threatened severe penalty on a firm, Bao Yao Iron and Steel Company, for owing the state N1.2 billion accrued tax liabilities.This was disclosed by Mr Ayi Bassey, Director Compliance, Cross River Internal Revenue Service (IRS) on Monday during a compliance drive by the service to the premises of the firm in Calabar.
Bassey said the service had taken steps provided by law but the company refused to discharge its statutory responsibility to the government. “We have served them demand notice, final demand notice; for four periods they have been issued pre action notices and they have done nothing to show they have a responsibility to the state.“As a service, we view this as a deliberate attempt on the part of the management of the company to undermine the developmental efforts of the present administration in the state.“We have placed the non compliance stickers as our final demand to them, beyond this, we will take necessary steps to ensure we enforce compliance,” he said.On his part, Mr Emmanuel Esira, Director Legal Services and Enforcement of Cross River IRS said the visitation was a further administrative step to get the company informed of their indebtedness to the government.According to him, “the tax we are asking for are deductions from staff salaries that have not been remitted to the tax authorities in the state since 2009.“The notification stickers will be on their premises until they comply and if they don’t respond, we will take further actions.Esira urged other companies doing business in the state not to allow situations to get to the point where they have to paste non compliance stickers in their premises before they carry out their obligations. (NAN)
A Badagry Chief Magistrates’ Court in Lagos State on Thursday, ordered the remand of a 35-year-old man, Segun Deala, for stealing Eko Electricity Distribution Company (EKEDC) cable.Deal whose address was not provided, had pleaded guilty to a two-count charge bordering on stealing and breach of peace.
The Chief Magistrate, Nurudeen Layeni ordered that he should be kept at the Awhajigho correctional facility in Badagry. He adjourned the case until Aug. 14, for fact and sentencingEarlier, the prosecution, ASP Edet Ekpo told the Court that the defendant committed the offences on May 9, at about 2p.m., at Gbenapon Ajara-Topa, Badagry, Lagos.Ekpo said that the defendant stole some length of electric cable with value yet unknown belonging to the EKEDC .He said the defendant conducted himself in a manner likely to cause breach of peace by destroying the cable.According to prosecutor, the offences contravened Sections 287 and 168 of the Criminal Law of Lagos 2015.
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