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GTBank Wins Nigeria’s Best Bank And Africa’s Best Bank for SMEs In London

GTBank MD, Segun Abaje
GTBank MD, Segun Abaje

Guaranty Trust Bank (GTB) plc has emerged as leading global brand with its recent recognition as ‘Nigeria’s Best Bank and Africa’s Best Bank for SMEs during the 2017 Euromoney Awards.

The awards were held on Thursday, July 06, at the prestigious Tower of London.

The Euromoney Awards for Excellence, in its 26th year, covers more than 20 global product categories, best-in-class awards and the best Banks in over 100 countries around the world by recognizing institutions that have demonstrated leadership, innovation, and momentum in the markets they operate.

Euromoney Magazine’s Editor, Mr. Clive Horwood, who spoke at the award ceremony in London said: “Nigeria went through a difficult year, as low oil prices and capital flight continued to hurt the country’s economy.

“Many banks struggled as a result of this, but GTBank remained strong, recording significant and enviable financial and non-financial performance. According to him, the bank’s digital transformation drive has been very successful as it has enabled the bank to deepen financial inclusion across Africa with its array of tailor-made digital solutions that has made banking simpler and more accessible.”

Speaking on the award, Managing Director/CEO of GTBank, Segun Agbaje, said: “we are honored to win the Best Bank in Nigeria award a record eight times and to be recognized as Africa’s Best Bank for SMEs. These awards reflect our progress in building strong, value adding relationships with our customers whilst positioning the bank as the financial institution for Small and Medium Enterprises through our creation of free business platforms that are geared towards promoting enterprise in key economic sectors.

“We remain committed to maximizing shareholders’ value and delivering superior and sustainable return, guided by our founding values of hard work, discipline and integrity.”

In selecting its recipients, Euromoney combines quantitative and qualitative data to honor institutions that have brought the highest levels of service, innovation and expertise to their customers.

GTBank has consistently played a leading role in Africa’s banking industry. The GTBank brand is regarded by industry watchers as one of the best run financial institutions across its subsidiary countries and serves as a role model within the financial service industry due to its bias for world class corporate governance standards, excellent service quality and innovation. [myad]

Boko Haram Is Product Of Corruption, EFCC Boss Says

EFCC Boss Ibrahim Magu

The Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu has attributed the Boko Haram insurgency and recent agitations in parts of Nigeria to people funding them using funds that were acquired in questionable ways.

Magu, who spoke at a town hall meeting with Civil Society groups in Kano State today, Friday, said that the fight against corruption is a fight for the survival of Nigeria.

The meeting was organized to develop new strategies which would make the fight against corruption more effective and also bridge the gap to reach out even to the grassroots.

The EFCC boss said: “I think corruption is the cause of all these agitations. Corrupt people are the ones behind most of these agitations and even the insurgency of the Boko Haram and the Niger Delta militants are all fundamental causes of these things and you can trace it to corrupt practices. They are funded by looters who stole our money and are using the stolen money to divide our people.”

He advised Nigerians to be more united against ethnic, religious or political affiliations, stressing that “righteousness will continue to win over evil no matter how long”.

“We need journalists more than any other professionals in the fight against corruption. If we really want to fight corruption and if journalists really key into the fight, we would finish it in less than one year.”

Source: Channelstv. [myad]

Group Mobilizes People In Kogi Against Drug, Sexual And Social Media Abuse

Project-PUR team: From left: Torah Banks Ozichu, Dr Enesi, Ruka Fache, Tofiq and Abdulrahman Salawu
Project-PUR team with students: From Left-Right: Torah Banks Ozichu, Dr Enesi, Ruka Fache, Tofiq Fache and Abdulrahman Salawu

Concerned Youths have risen to drum support for what they called ‘self-help grassroots sensitization project’ against the increasing cases of drug, sexual and social media abuse in Kogi state.

This is coming on the heel of the drug, sexual and social media abuses that have tarnished the image of Nigeria in the international arena.

The initiator of the project, Ruka Fache, said that the aim of the project is to sensitize and equip the young ones in the state with basic information and skills that would empower them in leading safe behaviour.

According to her, it would also help the youths to take responsibility for their own health, decisions, actions and inactions while igniting in them, passion for competing with their counterparts outside the state. She said that the campaign is code-named: Project Pause-Unlearn-Relearn (Project PUR).

The initiator, who is a graduate of Law, said that she was moved to initiate the project by her personal experience with youths in the state, many of who lack necessary information that would have exposed them to make informed decision against all odds.

Ruka narrated how her encounter with secondary school students exposed her to many challenges facing the young adults in the state.

“I had the opportunity to sit and converse with the young ones, which exposed me to how backward our young adults have been in terms of drive, passion, exposure and needed contemporary.

“I also noticed that most of these young ones who were developing biologically do not have full understanding of their bodies and the changes they were undergoing.

“A lot of child sexual abuse stories arise every day because they are being kept secret whereby the victims would not want to make it public.”

Members of Project-PUR flanked with Ohinoyi of Ebiraland, Alhaji Dr Ado Ibrahim during a courtesy visit to his palace
Members of Project-PUR flanked in a group picture with Ohinoyi of Ebiraland, Alhaji Dr Ado Ibrahim during a courtesy visit to his palace

This was even as the coordinator of the project, Abdulrahman salawu, said the project-PUR would go round the entire state.

He said that due to limited resources, the pilot phase of the project which started since July 3rd and ended today, July 7th was designed to cover five secondary schools from Kogi Central.

He assured that the scope would be extended to other schools in subsequent visits.

Abdulrahman was emphatic that the project-PUR had come to stay, stressing:: “so far, over 1,500 youths have been impacted within the five days of the sensitisation through direct contacts. More are expected to be impacted through indirect contacts.”

The coordinator expressed gratitude to various speakers who made themselves available throughout the first phase of the project to share their knowledge with youths, teachers and parents on various topics.

He advised parents and guardians in the communities visited to monitor their children closely, and take good care of them.

He urged them to promptly report any case of sexual abuse to police as the group had sought and obtained the support of security agents in the areas visited. [myad]

Ibrahim Magu Stands Rejected, Senate Vows

Senate President, Abubakar Bukola Saraki
Senate President, Abubakar Bukola Saraki

The Nigeria Senate has made it clear that its rejection of Ibrahim Magu as substantive chairman of the Economic and Financial Crime Commission (EFCC) “still stands.“

According to the Chairman of the Senate Committee on Media and Public Affairs, Sabi Abdullah, the Senate has already made its resolution, “and our resolutions are official statements. “And most times, based on how we communicate, we don’t go to press immediately because somebody has made a statement; we usually discuss issues.

“You know before we made that resolution, the issue was debated. It is not because the executive has said something, we will react to it. We discuss issues first.

“He was brought to us for confirmation, and on the basis of damning reports from the DSS, we rejected him twice. It is left for Nigerians to see and we have done our part.”

“We are expressing the opinion of the Senate, its stand and its position. We have given it a resolution. For now that is what subsists, and until we get a response, otherwise officially, we are not going back.”

The position of the Senate is coming against the background of the resolve by the Presidency to continue to work with Magu to stamp out endemic corruption in the country. [myad]

Nigeria Has Passed The Stage Of Separation, Obasanjo Tells Biafra Agitators

obasanjo

“Will any person in his right senses believe that the way out of our problems in Nigeria is separation? We have past that stage. We have many problems if we can talk about them and we must talk about them. We must find solution to them.”

These were the views of the former two-time President of Nigeria, Chief Olusegun Obasanjo when he spoke today, Friday, at Effurun, Delta State. He was apparently alluding to the leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu and other pro-Biafra agitators.

Obasanjo said that he is praying for a change of mentality by the Biafra agitators, adding that if he had a magic wand: “I would make one wish that God should change our mentality; I believe that is the problem of this country.”

He advised Nigerians not to be deceived by those calling for war, saying that such people had not witnessed one before.

While in Warri, Delta State for facility tour of Lee Engineering and Construction Company, Obasanjo lamented the agitation by certain elements in the country for the dismember, meant of Nigeria, stressing that those who advocating separation through violent means have not seen the effect of war.

“The answer to our problem is mind set. If we need restructuring at all, it is the restructuring of our mind set. How can anybody say the answer to our problem is separation? It is diversity that makes us great as a nation. The beauty of Nigeria Nigeria is in its diversity. The greatness of Nigeria is in our diversity. There is nothing wrong with Nigeria but a lot is wrong with Nigerians. What we need to do is to change.

The former president maintained that there was nothing wrong in people agitating for equity, justice and fairness in the distribution of the nation’s wealth adding however that “when we speak up that things are not good enough, we must be prepared to offer something better and not dismemberment.”

Obasanjo said that when we substitute injustice, inequity and marginalization with equity, justice and fairness Nigeria will make progress.

He called on the Federal Government to give the needed support for indigenous companies in the country to thrive.

“Nigerians who have visions like Chief Leemon Ikpea must be encouraged and supported to grow their businesses. This country of ours must be developed by ensuring that that we grow businesses and entrepreneurs who have visions like my brother and friend must be supported,” the ex-Nigerian leader said.

He lamented that Nigeria over the years have failed to harness her best human assets  adding that “what we do wrong in Nigeria is that we do not make use of our assets”.

While encouraging the management of the company to continue to work to improve on the standard it has set over the years Obasanjo said it is only through commitment and dedication that Nigeria can make the needed economic progress.

The chief executive officer of Lee Engineering and Construction Company, Ikpea, described Obasanjo as a great patriot and nationalists who helped in laying the foundation for the development of local content in Nigeria.

Speaking to journalists shortly after the inspection tour, Ikpea said he was inspired by some of the patriotic acts of Obasanjo in establishing Lee Engineering.

Citing Obasanjo’s Operation Feed the Nation (OFN) and the technical crash programme, Ikpea said “We are indeed inspired by some of these patriotic acts to venture into establishing a full production factory, dedicated to in-country manufacture of plants and equipment for the oil, gas and power sector”.

While seeking the support of the former president “in our national quest to meet with current global standards in technological advancement, and the drive to increase indigenous capacity utilization in the oil, gas and called industry,” Ikpea said such support will help indigenous companies excel and help contribution to the overall economic progress of the Nigeria.

Ikpea who is one of Nigeria’s indigenous fabricator in the oil and gas sector as well as a representative of major offshore technology companies in the world “The Local Content Act was a boost for those of us in the sector who are Nigerians but more still need to be done by the government to give indigenous companies in the oil and gas strength so that we can continue to support the government in boosting the Nigeria economy.

“What the government has done with the Local Content Act is to lay the foundation for Nigerians in the sector to build a stronger and better oil and gas industry but it still needs to do more so that we can have enough financial muscles to go into research and development of modern day offshore technologies in the country.” [myad]

Ugandans Stage Mock Funeral For Living President, Yoweri Museveni

Ugandan President, Yoweri Museveni
Ugandan President, Yoweri Museveni

Some citizens of Uganda have staged a mock funeral for President Yoweri Museveni in protest at a plan to remove the presidential age limit of 75 years.

The spokesperson, Samson Kasasira, said that the country’s police have arrested and detained three men, including two university students, parading a coffin in the south-western city of Mbarara.

Kasasira said the coffin was topped by a portrait of the president and carried the inscription: “Rest in peace Museveni.”

Kasasira said: “the men had gone ahead with the protest in spite of having been denied permission to stage it.”

He said that they would be charged with sedition.

The arrests followed reports that a faction of ruling party legislators want to change the constitution to remove the presidential age limit of 75 years, which would leave Museveni, 72, ineligible to run for the presidency in the next elections in 2021.

The ruling National Resistance Movement has almost 70 per cent of the seats in parliament.

Critics say Museveni, who has ruled the East African country since 1986, has become increasingly repressive of the freedom of speech.

Source: dpa/NAN. [myad]

WHO Laments Rise In Gonorrhea Victims To 78 Million Per Annum, Says It May Defy Cure

gonorrhoeae under microscope

The World Health Organization (WHO) is uncomfortable with the rise of Gonorrhea infections to about 78 million people across the world by per annum, even as it said that doctors are currently running out of antibiotics that can fight the increasingly resistant bacteria causing the sexually-transmitted disease.

Gonorrhoea is caused by bacteria called Neisseria gonorrhea or gonococcus. It is mainly found in discharge from the penis and in vaginal fluid and can easily pass between people through unprotected vaginal, oral or anal sex.

According to WHO expert, Teodora, two-thirds of the countries that report resistance data to it have seen cases in recent years in which their antibiotics of last resort no longer worked against gonococci bacteria.

Teodora Wi, who spoke today, Friday, in Geneva said: “these cases may just be the tip of the iceberg since systems to diagnose and report untreatable infections are lacking in lower-income countries where gonorrhoea is actually more common.”

Meanwhile, Britain and the U.S. reported increases of more than 10 percent in 2015.

Cases among gay men in France doubled between 2013 and 2015.

Rates are highest in the African region, where one in 10 men is infected annually.

WHO said that the main reasons for the increase are decreasing condom use, increased mobility as well as poor disease monitoring and inadequate treatment.

Gonorrhoea can infect the genitals, rectum and throat. It can lead to inflammation of the pelvis and to infertility.

Currently, only three new drugs are being developed, because pharmaceutical companies know that the bacteria will soon become resistant to any new antibiotic.

To control gonorrhoea, doctors not only need new medicines, but also a rapid diagnostic tool and a vaccine, which are yet to be developed, WHO Antimicrobial expert, Marc Sprenger, said.

Source: dpa/NAN. [myad]

Igbos Have More Stake In Nigeria Project Than Other Ethnic Groups – Ohanaeze President

Nwodo Okwesilizez

The President General of the Ohanaeze, Chief John Nnia Nwodo has made it clear that Igbos would not want Nigeria to be split because they have more at stake than any other ethnic groups in the country.

He stressed that the apex Igbo organization would prefer that the country is restructured than break up as being agitated for by some Igbo youths.

A statement from the Office of the President General quoted him as telling a cross section of Ndigbo leaders in Abuja that no ethnic group has more stake in Nigeria project than the Igbo and as such cannot consider a break up as a viable option.

The Ohanaeze boss said that there is no part of this country where Ndigbo have not invested their resources even without any corresponding investment from others in Igboland.

He said that while Ohanaeze understands and appreciates the circumstances that prompted the youth agitations under the MASSOB and IPOB platform, the elders do not believe that leaving the country is a reasonable option at this time.

Nwodo said that the various segments of Igbo leadership comprising the Ohanaeze leadership, Governors, National Assembly members, Traditional and religious leaders after deliberating on the situation in Enugu came to the conclusion that the restructuring option is the reasonable way to go.

He said that restructuring will bring Nigeria to a level where every person of whatever tribe, religion or class would have a sense of belonging and in return give in their best for the development of the country.

Nwodo also announced that steps are being taken by the apex body leadership to carry along the youths of the region and ensure that the Ndigbo have a common and unified position on the way forward for them.

The Ohanaeze President General insisted that equal partnership, equal ownership and level playing ground for all is the right way to go to bring the best in our people and set the country on the path of growth and development. [myad]

Osinbajo On Condolence Visit To Yusuf Maitama’s Family In Kano

Acting President in Kano

Acting President Yemi Osinbajo was in Kano today, Thursday to on condolence visit to the family of the elder-statesman, Dr. Yusuf Maitama Sule who died on Tuesday, July 4 in a Cairo hospital. Professor Osinbajo, with Governor Umar Abdullahi Ganduje of Kano state, condoling with the daughters and other family members of the deceased – Photo by Novo Isioro. [myad]

 

 

We Can’t Stop INEC From Process Of Recalling You, Court Tells Dino Melaye

Dino Melaye

An Abuja Federal High Court has rejected the embattled Senator Dino Melya’s motion for a temporary injunction restraining Independent National Electoral Commission (INEC) from proceeding with the process of recalling him back to his village in the Kogi West Senatorial Zone until the determination of suit challenging his recall.

However, the court has suspended the process of the recall.

Justice John Tsoho, who announced the suspension of the process, directed all the parties to maintain their status quo until September 29 when the court will hear the suit challenging bid by Melaye’s constituents to recall him from the Senate.

Justice Tsoho ruled that the parties should “maintain status quo pending the hearing of the motion on notice” and adjourned the case to September 29 for hearing of the motion on notice as well as for the applications filed by three individuals, led by Chief Cornelius Olowo, who equally applied to be made parties in the suit. Chief Mike Ozekhome (SAN) argued Melaye’s ex-parte motion.

Determined to save his seat, Senator Melaye had dragged the INEC before the Abuja Division of the Federal High Court, seeking an order stopping the ongoing process by his constituents to recall him.

In the suit marked: FHC/ABJ/CS/587/2017, with INEC as the only defendant, Melaye faulted the recall process, saying it was tainted with political malice and initiated by his political enemies.

In the originating Summons he filed through his lawyer, Chief Mike Ozekhome, SAN, the embattled lawmaker prayed the court to declare that the petition presented to INEC for his recall was illegal, unlawful, wrongful, unconstitutional, invalid, null and void and of no effect in law. He also prayed the court for a declaration that the petition purportedly forwarded to the INEC was invalid and of no effect, the same being signed by fictitious, dead and none existing persons in his senatorial district, as well as for an order of injunction restraining INEC from commencing or further continuing or completing the process of his recall.

Senator Dino Melaye had earlier ran to his colleagues at the Senate to present his ordeals from which the Senate told INEC that it is wasting its time trying to recall Senator Melaye.

Describing the recall moves of Melaye as an exercise in futility that would become a waste of time and resources of the state, the Senate said INEC is aware of relevant sections of the constitution which the cumbersome process of recall must follow.

It had also noted that the various stages passed so far in the move, as facilitated by the electoral umpire, were not in line with laid down constitutional procedures and guidelines.

Resolutions of the Senate were sequel to a point of order raised against the recall move by Senator Dino Melaye himself. Recall also that some electorates in Kogi state had gathered 188,588 signatures out of the 360,098 registered voters in Kogi West representing 52% percent and taken same in ‘Ghana-must-go’bags to INEC, demanding that the electoral body continue with the processes towards recalling the senator. INEC too had confirmed receiving the signatories and billed a date to commence with the process.

Senator Melaye had, however, said he discovered many signatures of dead men, including those of late prominent politicians in the state, maintaining that the signatures were forged or were inputed without the consent and knowledge of the owners.

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