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Atiku Abubakar Will Be President For All”, Atikunation DG, Fatee Muhammed

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Hon. Fatee Muhammed, a businesswoman and politician, is the director-general of Atikunation, a volunteer group for the Atiku Abubakar 2019 presidential project. The PDP House of Representatives aspirant in Ifako-Ijaiye, Lagos, in this interview, speaks of her group’s aims and passion for the Atiku project, her political dream, among other issues. Excerpt. 



What is that project or accomplishment that is considered to be Alhaji Atiku’s most significant in his political career that you think should win him instant followers and needed support toward 2019?


Institutional reforms were part of the most outstanding achievements of the OBJ/Atiku administration. Atiku was the head of the privatization drive that opened way for revolution in the telecoms industry that solved problems of unemployment to a great extent. Millions have been blessed directly or indirectly through this drive. 

In addition, Alhaji Atiku is an employer of labour. He is one of the well-to-do Nigerians that are regularly taking the youths off the job market. 


Your group, Atikunation, has begun the inauguration of state coordinators across the country, how have the responses been from each state, and does this give positive hope for the Atiku Abubakar presidential project?


The responses have been very fantastic! The responses are  encouraging across the country. In fact, people now realize that it is only Atiku who has the will to deliver Nigerians from the claws of APC government. This indeed is a positive hope for the Atiku Abubakar presidential project. People are getting Atikulated on a daily basis. 


The PDP is yet to pick its flag bearer for the 2019 presidency. Likewise the ruling APC. Does this delay have anything to do with fears of what to expect, especially given that you are campaigning for an interested party? 


Yes,  this is a moment of decision for both parties. At the moment, consultation, networking and strategic meetings are ongoing. None of the parties will take chances by fielding a wrong candidate. They will both weigh all the available options looking at the pros and the cons. But for PDP, Atiku’s candidature is the best. 


A dramatic change is required and Nigeria needs forward-looking leadership that has solutions to her myriad of challenges. What difference is a President Atiku Abubakar going to make in this regard? 


Restructuring will solve some of these challenges facing Nigeria. Atiku is coming to restructure Nigeria for the good of all and equal opportunity. 

Atiku is cosmopolitan and a visionary leader. He is one of the few Nigerians who have created employment like I said earlier. At the moment, he has over 50,000 Nigerians working in his companies nationwide. Having said this, he has the capacity to solve these challenges of unemployment, insecurity, infrastructural deficit, low quality of education. His university is one of the best rated in Nigeria and is a globally acclaimed institution. 


How would you react to the thinking from some sections of Nigeria that your candidate, like they are accusing Buhari, is also coming to perpetuate the so-called Hausa/Fulani agenda? 


Atiku’s is a household name in Nigeria. The role he played to strengthen our young democracy then during Obasanjo’s third term agenda earned him the respect and honour. So, Atiku is not a religious/racial bigot. Atiku is not in anyway coming to perpetuate the so-called Hausa/Fulani agenda. As a matter of fact, he has no link with them. That I know. 


Tell us about your House of Representatives membership aspiration.


It is on course. There is no going back. I want to serve my people and make a positive and lasting impact. My desire is to seek public office to alleviate poverty and suffering of my people. 


It is becoming somewhat a pipe dream for the PDP to win Lagos State, not even when it was the ruling party at the centre. Do you foresee PDP ever winning Lagos State, and what do you think is the strategy the party is lacking to win the state? 


Winning Lagos is an uphill task. Governor Akinwunmi Ambode is doing a great job. Nonetheless,  his policies are not in favour of the masses. Therefore, if we can work on the APC lapses to reach out to the masses at the grassroots, then, PDP will win Lagos. It requires no magic. 


When was your best moment in politics? 


Good question! My best moment in politics was when I won the House of Representatives primary election and most importantly, the support I got from my people. Also,  it was a pointer to the fact that politics can be won without banking on any godfather. Mine was a deviation from the old order. 


How do you cope running your private businesses and still stay very active politically? 


I have good organization in place and a working structure. I don’t have to be around all the time. I have heads of units and managers coordinating my business for me. Everything is ICT compliant. I monitor everything online. So, it’s easy for me to be active in politics and still run a successful private business.  


Visualize Nigeria in 2020 and share with us your expectations for the country.


I see a great Nigeria. A nation filled with milk and honey. By 2020, Nigeria will be one of the 20 largest economies in the world, able to consolidate its leadership role in Africa and establish itself as a significant player in the global economic and political arena.

With Atiku Presidency, Indeed, the geo-political zones would become centres of thriving economic activities. Human capital development would also be made to align with the respective development priorities and aspirations of each of the regions.


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Fidelity Bank Plc Promotes 11% of Staff Following Record Financial Performance

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Fidelity Bank to boost Schools’ Profitability with Value-adding Products

Fidelity Bank Plc Promotes 11% of Staff Following Record Financial Performance

Leading financial institution, Fidelity Bank Plc has announced the promotion of 11% of its workforce, a testament to the exceptional performance and dedication of its employees. This significant move follows the release of the bank’s 2023 full year Audited Financial Statements, which reported an impressive 131.5 percent growth in Profit Before Tax (PBT) to N124.26 billion.
The recent promotions span every level within the bank, reflecting Fidelity Bank Plc’s commitment to recognizing and rewarding excellence across its entire organization. This strategic initiative has garnered positive reactions from staff members, who see it as a validation of their hard work and contribution to the bank’s remarkable financial achievements.
In addition to the promotions, Fidelity Bank Plc has also concluded arrangements to raise a total of N127.1 billion through a Rights Issue to existing shareholders and a Public Offer. This move is part of the bank’s broader strategy to strengthen its capital base, support future growth, and enhance shareholder value.
Fidelity Bank Plc’s impressive financial performance and the subsequent employee promotions highlight the bank’s robust operational strategy and its commitment to fostering a rewarding work environment. By investing in its people and ensuring their career growth, the bank continues to build a motivated and high-performing workforce.
Ranked as one of the best banks in Nigeria, Fidelity Bank Plc is a full-fledged customer commercial bank with over 8.5 million customers serviced across its 251 business offices in Nigeria and the United  Kingdom as well as on digital banking channels.
The bank has won multiple local and international awards including the Export Finance Bank of the Year at the 2023 BusinessDay Banks and Other Financial Institutions (BAFI) Awards, the Best Payment Solution Provider Nigeria 2023 and Best SME Bank Nigeria 2022 by the Global Banking and Finance Awards; Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence 2023; and Best Domestic Private Bank in Nigeria by the Euromoney Global Private Banking Awards 2023.

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WEMA BANK concludes 1st tranche of Capital Raise Programme

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Wema Bank PLC (Bloomberg: WemaBank: NL) (“Wema” or “the Bank”) announces the allotment of its N40billion Rights issue programme.

 

 

 

-Raises N40billion through a Rights Issuance process.
-Part of its larger 2-year; N150billion Capital programme.
Rights fully subscribed.
-Expected to Commence concluding tranche of additional Capital in Q4, 2024.
-Corporate Ratings affirmed by Fitch at BBB & Upgraded by Agusto to BBB+

Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has successfully concluded the first tranche of its recapitalisation exercise having secured all relevant regulatory approvals for the allotment of its N40bn Rights Issue which was initiated in December 2023.

In view of macroeconomic conditions, the Central Bank of Nigeria (CBN) in March 2024, launched a recapitalisation programme requiring commercial banks to raise fresh capital in alignment with the minimum requirement for their respective banking licenses, within a 24-month timeline spanning April 1, 2024, to March 31, 2026. The goal of this recapitalisation programme is to simultaneously boost the Nigerian economy and strengthen the Nigerian financial services industry.

As a forward-thinking and pioneering bank, Wema Bank in December 2023 launched a N40bn Rights issue which has now been approved by the Central Bank of Nigeria and the Securities and Exchange Commission (SEC). With this remarkable development, Wema Bank has now successfully raised the 1st tranche of its plan in the minimum requirement laid down by the CBN.

In a statement made to the public by the Bank, Moruf Oseni, Wema Bank’s Managing Director and CEO, iterated the Bank’s resolve in retaining its Commercial Banking license with National Authorisation, adding that the N40bn Rights Issue is a step in that direction. “We are delighted to announce the conclusion of the 1st tranche of our Capital Raise Programme, after obtaining the relevant approvals of all regulatory authorities. Our move to commence our Capital Raise Programme very early demonstrates our push for excellence and with a strong emphasis on our digital play, we are set to amass more successes in the coming months.”

“We were impressed by the vote of confidence given by our shareholders during the 1st Rights Issue exercise as our shares were fully subscribed. In addition, we obtained the approval of shareholders at our 2023 Annual General Meeting (AGM) to raise an additional N150billion to meet the capitalisation threshold set by the CBN. The process is expected to be completed within 12-18 months. We are committed to providing optimum returns for every stakeholder and the successful conclusion of this N40bn Rights Issue is a bold step in the right direction.”

In addition to the upward trend in the Bank’s financial performance and the success recorded so far in its recapitalisation exercise, Wema Bank’s corporate rating was recently upgraded to BBB+ by Pan African credit rating agency, Agusto and Co, and retained at BBB by international rating agency, Fitch. Over the medium to long term, Wema Bank is positioned to not only dominate the digital Banking space but also the Nigerian financial services industry at large as it translates its industry leadership to significant market share.

Wema Bank is a leading financial services entity with banking operations across Nigeria, its leadership position in the digital banking space speaks to its aspirations to liberate Nigerian businesses and entrepreneurs by making digital platforms widely available.

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Nkiru Olumide-Ojo’s New Book ‘Marketplace Readiness’ to Equip Young Nigerians for Marketplace Success

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Nkiru Olumide-Ojo's New Book ‘Marketplace Readiness’ to Equip Young Nigerians for Marketplace Success

Nkiru Olumide-Ojo’s New Book ‘Marketplace Readiness’ to Equip Young Nigerians for Marketplace Success

 

 

In a bold step to enforce and ensure inclusive and equitable quality education, and to promote lifelong learning opportunities for everyone under the Sustainable Development Goal (SDG4) in Nigeria, Corporate Executive and Founder of the LightHouse Network, Nkiru Olumide-Ojo, launched her new book titled “Step Forward: Market Place Readiness.”

The book launch took place at the Alliance Française, Mike Adenuga Event Center, Osborne Road, Ikoyi, on Thursday, June 6, 2024.

According to the National Planning Commission, Nigeria faces a significant challenge with approximately 53% of its youth currently unemployed. To address this pressing issue, Nkiru Olumide-Ojo dedicated her efforts to preparing young people for the job market, equipping them with the necessary skills to seize available opportunities or even create new ones.

In her opening remarks, Mrs. Yetunde Baderinwa, National Youth Service Corps (NYSC) Lagos State Coordinator, stated that “the marketplace today is dynamic, competitive, and full of opportunities; however, it also provides numerous challenges that businesses must be ready to face. Market readiness involves understanding these challenges, adapting to changes, and strategically positioning oneself to capitalize on opportunities as they arise.” She further noted that “in the last 13 years, NYSC has sensitized three million, three hundred six thousand, six hundred and forty-six corps members, opening their eyes to entrepreneurship development.

Also speaking at the event, Mrs. Adenike Ogunlesi, Founder of Ruff and Tumble, addressed both the corps members present and guests who are already in the workplace. She emphasized, “Be intentional about building your mindset. Stand your ground based on three things: building your character, understanding what you value, and what your values are as a human being, and building your competence.”

The event was remarkable, featuring discussions on marketplace readiness across two generations, including thought leaders, educators, and advocates for sustainable development. Attendees benefited from insightful panel sessions featuring distinguished speakers, engaging conversations, and networking opportunities with individuals passionate about education and sustainable growth.

Leading the panel session were Mrs. Adenike Ogunlesi, Founder of Ruff and Tumble; Mrs. Yetunde Baderinwa, National Youth Service Corps (NYSC); Mr. Victor Banjo, Director of Executive Education at Lagos Business School; Joseph Onaolapo (Jay On Air), a renowned radio and TV broadcaster, content creator, actor, and event host; and Tobiloba Aboaba, a dynamic young professional at Stanbic IBTC, among others.

The book, “Step Forward: Market Place Readiness,” is a product of Nkiru and her team’s extensive work in underserved tertiary institutions, providing essential market readiness skills to students. This book aims to broaden their reach and impact, offering valuable insights and practical advice to a wider audience. It delves into situations and issues that undergraduates face in their everyday lives, preparing them for the challenges of the marketplace.

 

Nkiru Olumide-Ojo's New Book ‘Marketplace Readiness’ to Equip Young Nigerians for Marketplace Success

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