Business
Christian Elders forum condemns Buhari over Nigeria’s membership of Islamic coalition
A group, the Nigerian Christian Elders Forum, has strongly condemned the recent inclusion of Nigeria in the Saudi Arabia-led coalition against terrorism.
The decision to join the group was announced by President Muhammadu Buhari.
Addressing Journalists in Abuja, Friday, the NCEF chairman, Solomon Asemota, said the action was a clear negation of the rights of Nigerians as well as a lack of regard for the views of non-Muslim Nigerians who took part in bringing the new administration to power.
“Including Nigeria in the Saudi Arabia Military coalition of Muslims/Arab nations would appear that the foreign policy thrust of the current administration is to make Nigeria a satellite state of Saudi Arabia,” the group said.
“Any nation in which Islamists believe that they are sufficiently strong to exercise influence rarely experiences peace.
“Mr. President should kindly remember that over 50 per cent non-Muslims of Nigeria did not vote for the nation to become Sharia compliant,” the group said.
The NCEF said the inclusion of Nigeria in the Organisation of Islamic Conference, OIC, in 1975, as well as its recent inclusion in the Saudi-led coalition was an attempt by Muslim leaders to dominate the country, with the teachings of Islam.
“While Islam is a religion; Islamism, otherwise called political Islam, is a set of ideologies that hold that Islam is not a religion, but a political system meant to dominate the environment in which it is practised,” it stated.
The group said some policies and decisions of the Buhari government has given Nigerians cause for concern.
“N900 billion was released as bailout to states without appropriation. International commitments are being made without resource to the National Assembly,” it pointed out.
The group also noted the, “Attempt to fund deficit in the 2016 budget through issuance of Sukkuk loan which is a Sharia compliant loan”.
The NCEF aslo said the decision by the Kaduna State government to enact a religious bill was a shocking.
“We wish to express tremendous shock at the proposed Kaduna state bill. The proposed bill contravenes section 38 (1) of the 1999 constitution,” the group stated.
A group, the Nigerian Christian Elders Forum, has strongly condemned the recent inclusion of Nigeria in the Saudi Arabia-led coalition against terrorism.
The decision to join the group was announced by President Muhammadu Buhari.
Addressing Journalists in Abuja, Friday, the NCEF chairman, Solomon Asemota, said the action was a clear negation of the rights of Nigerians as well as a lack of regard for the views of non-Muslim Nigerians who took part in bringing the new administration to power.
“Including Nigeria in the Saudi Arabia Military coalition of Muslims/Arab nations would appear that the foreign policy thrust of the current administration is to make Nigeria a satellite state of Saudi Arabia,” the group said.
“Any nation in which Islamists believe that they are sufficiently strong to exercise influence rarely experiences peace.
“Mr. President should kindly remember that over 50 per cent non-Muslims of Nigeria did not vote for the nation to become Sharia compliant,” the group said.
The NCEF said the inclusion of Nigeria in the Organisation of Islamic Conference, OIC, in 1975, as well as its recent inclusion in the Saudi-led coalition was an attempt by Muslim leaders to dominate the country, with the teachings of Islam.
“While Islam is a religion; Islamism, otherwise called political Islam, is a set of ideologies that hold that Islam is not a religion, but a political system meant to dominate the environment in which it is practised,” it stated.
The group said some policies and decisions of the Buhari government has given Nigerians cause for concern.
“N900 billion was released as bailout to states without appropriation. International commitments are being made without resource to the National Assembly,” it pointed out.
The group also noted the, “Attempt to fund deficit in the 2016 budget through issuance of Sukkuk loan which is a Sharia compliant loan”.
The NCEF aslo said the decision by the Kaduna State government to enact a religious bill was a shocking.
“We wish to express tremendous shock at the proposed Kaduna state bill. The proposed bill contravenes section 38 (1) of the 1999 constitution,” the group stated.
A group, the Nigerian Christian Elders Forum, has strongly condemned the recent inclusion of Nigeria in the Saudi Arabia-led coalition against terrorism.
The decision to join the group was announced by President Muhammadu Buhari.
Addressing Journalists in Abuja, Friday, the NCEF chairman, Solomon Asemota, said the action was a clear negation of the rights of Nigerians as well as a lack of regard for the views of non-Muslim Nigerians who took part in bringing the new administration to power.
“Including Nigeria in the Saudi Arabia Military coalition of Muslims/Arab nations would appear that the foreign policy thrust of the current administration is to make Nigeria a satellite state of Saudi Arabia,” the group said.
“Any nation in which Islamists believe that they are sufficiently strong to exercise influence rarely experiences peace.
“Mr. President should kindly remember that over 50 per cent non-Muslims of Nigeria did not vote for the nation to become Sharia compliant,” the group said.
The NCEF said the inclusion of Nigeria in the Organisation of Islamic Conference, OIC, in 1975, as well as its recent inclusion in the Saudi-led coalition was an attempt by Muslim leaders to dominate the country, with the teachings of Islam.
“While Islam is a religion; Islamism, otherwise called political Islam, is a set of ideologies that hold that Islam is not a religion, but a political system meant to dominate the environment in which it is practised,” it stated.
The group said some policies and decisions of the Buhari government has given Nigerians cause for concern.
“N900 billion was released as bailout to states without appropriation. International commitments are being made without resource to the National Assembly,” it pointed out.
The group also noted the, “Attempt to fund deficit in the 2016 budget through issuance of Sukkuk loan which is a Sharia compliant loan”.
The NCEF aslo said the decision by the Kaduna State government to enact a religious bill was a shocking.
“We wish to express tremendous shock at the proposed Kaduna state bill. The proposed bill contravenes section 38 (1) of the 1999 constitution,” the group stated.
The NCEF expressed dismay at what it described as the Federal Government’s inaction to the carnage and destruction perpetrated by the Fulani Herdsmen.
“According to media reports over 300 Nigerians were allegedly massacred by the Fulani Herdsmen. Till today, there has been no prosecution of any of them,” it stated.
The NCEF also decried the decision of government to establish grazing reserves across the nation, saying the proposal is a deceptive attempt to appropriate the land of indigenous ethnic groups for Fulani Herdsmen to spread terror across the nation.
The group called on the government to convene a Council of State meeting to enable past presidents of Nigeria assess the developments in the country, and make suggestions that will lead to the creation of a Truth and Reconciliation Commission.
According to the group, the commission which should follow an enactment of law, should among other things, study the problem of terror in Nigeria and ensure the prosecution of culprits.
The NCEF called on ethnic groups to introduce community policing to protect its indigenes, while urging the government to re-introduce the study of history in secondary schools.
Naira devaluation’s fake news, says CBN
The Central Bank of Nigeria (CBN) has debunked a report by a national daily that it has devalued the naira to N631 per dollar at the Importers and Exporters’ (I&E) window.
A top official of the apex bank, who told this medium that the report is completely false , warned that such reports could have serious adverse consequences for the economy.
According to the top official, the CBN has not changed its strategy of allowing a gradual convergence of the parallel and official market exchange rates.
“The report is not true. The CBN has not devalued the naira. The exchange rate of the naira on the FMDQ website as at yesterday was N464.67 per dollar. The authors of the report may have their own agenda, but the CBN’s plan is that the best approach is to allow for a gradual convergence of all the rates.”
Business
ZENITH BANK MAINTAINS POSITION AS ‘BEST CORPORATE GOVERNANCE FINANCIAL SERVICES’ IN AFRICA FOR THE FOURTH CONSECUTIVE TIME
ZENITH BANK MAINTAINS POSITION AS ‘BEST CORPORATE GOVERNANCE FINANCIAL SERVICES’ IN AFRICA FOR THE FOURTH CONSECUTIVE TIME
For the fourth consecutive year, Zenith Bank Plc has been named as the Best Corporate Governance ‘Financial Services’ Africa 2023 by the Ethical Boardroom. The award, which was published in the Spring 2023 edition of The Ethical Boardroom magazine, is in recognition of the bank’s adherence to global best practices and institutionalization of corporate governance, setting an industry-wide example of best practices in that field.
Speaking on the recognition, the Group Managing Director/Chief Executive of Zenith Bank Plc, Dr. Ebenezer Onyeagwu, said: “I am extremely pleased that Zenith Bank has been awarded the Ethical Boardroom Corporate Governance Award as a regional governance champion for the fourth year running. No doubt, the bank’s board has pioneered the exemplary governance culture for which we are now renowned. Indeed, this recognition reflects our steadfast commitment, discipline and high ethos in the conduct of our business and dedication to the principles of good corporate governance. This award will motivate us to strengthen this culture internally and advocate for good governance at every forum”.
He dedicated the award to the Founder and Group Chairman, Jim Ovia, CFR, for providing the template for an enduring and very successful institution; the Board for their vision and outstanding leadership; the staff for their dedication and commitment; and the bank’s customers for their unwavering loyalty to the brand.
Ethical Boardroom is a trailblazing and leading international magazine that delivers in-depth coverage and critically-astute analysis of global corporate governance issues to help boards stay ahead of the governance curve.
Zenith Bank has been generally adjudged a Corporate Governance compliant bank by the Nigerian Exchange (NGX) hence its listing on the Premium Board of the Exchange. The bank continues to sustain this reputation and reappraise its processes to ensure that its business conforms to the highest global standards at all times.
The bank’s track record of excellent performances has continued to earn it numerous awards including being recognised as the Number One Bank in Nigeria by Tier-1 Capital, for the 13th consecutive year, in the 2022 Top 1000 World Banks Ranking published by The Banker Magazine; Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards 2020 and 2022; Best Bank in Nigeria, for three consecutive years from 2020 to 2022, in the Global Finance World’s Best Banks Awards; Best Commercial Bank, Nigeria 2021 and 2022 in the World Finance Banking Awards; Best Corporate Governance Bank, Nigeria in the World Finance Corporate Governance Awards 2022; Best Commercial Bank, Nigeria and Best Innovation In Retail Banking, Nigeria in the International Banker 2022 Banking Awards. Also, the bank emerged as the Most Valuable Banking Brand in Nigeria in the Banker Magazine Top 500 Banking Brands 2020 and 2021, and Retail Bank of the year, for three consecutive years from 2020 to 2022, at the BusinessDay Banks and Other Financial Institutions (BAFI) Awards. Similarly, Zenith Bank was named as Bank of the Decade (People’s Choice) at the ThisDay Awards 2020, Bank of the Year 2021 by Champion Newspaper, Bank of the Year 2022 by New Telegraph Newspaper, and Most Responsible Organisation in Africa 2021 by SERAS Awards.
Business
UBA Revitalises Alumni Network, Ex-staff to Enjoy Debt Restructuring, Product Offerings, Airport Protocol, Other Benefits
UBA Revitalises Alumni Network, Ex-staff to Enjoy Debt Restructuring, Product Offerings, Airport Protocol, Other Benefits
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has relaunched the UBA Alumni Network Program, aimed at fostering stronger connections and providing exclusive benefits to its esteemed former employees.
Improving upon the services it promised when it was first launched two years ago, the revamped UBA Alumni Network will now offer a wide array of advantages designed to empower and engage ex-staff members throughout their journeys.
UBA’s Group Managing Director, Oliver Alawuba, who welcomed the Ex-staff during the UBA Alumni relaunch in UBA House on Friday, expressed the bank’s commitment to reposition the alumni to do more to ensure that ex-staff remain comfortable ambassadors of the brand.
He said, “I understand that this very key network was launched in 2021, and we have come here today to assure all the members of our alumni that UBA, which is over 75 years old, will continue to play the role of becoming a beacon of hope to our Ex-staff.
Continuing Alawuba said, “As a bank that is interested in the welfare of both staff and ex-staff, we are going to roll-out products that are specifically tailored to suit the needs of all our alumni.”
At the event, which saw a lot of former staff attended both physically and virtually, UBA’s Deputy Managing Director, Muyiwa Akinyemi, noted that the bank is where it is today because of the sacrifices made by its ex-staff several years ago, as he added that this is the driving force behind the bank’s desire to support them.
“Today, we are here, but tomorrow, we might be somewhere else, and it is therefore essential for us to bond with our former employees who we recognise as ambassadors that have contributed to the bank’s legacy in various sectors over the years,” Akinyemi stated.
He explained that with 35 million customers and over 25,000 staff, the bank remains committed to fostering a vibrant alumni community, adding that “We will continue to rely on this all important network to help us to know how to serve you better, in the four continents and 24 countries that UBA currently operates in.”
UBA staff, Wale Esan and Nnenna Chikezie, were on ground at the event to reel off some of the new offerings and benefits to be enjoyed by members of the UBA alumni, which include: Debt restructuring and moratorium for staff who left while still servicing loans; top-up loans, CoT concessions, access to senior citizens loans; fast tracking of banking services.
Other benefits are assisted airport protocol services for international travels including check-in and departure services; end to end VIP travelling services for ex-staff. The bank will also assist any staff who has challenges with the airport authorities for quick and easy resolution.
The Chairperson of the UBA Alumni Network, Mosunmola Yusuf, who was a former staff with the Employee Experience unit, explained that UBA aims to harness the wealth of knowledge and experience of its former employees, creating a powerful network that extends far beyond the continent.
“We see this as an innovative effort to build a strong bond of human community; because we believe human connectivity is necessary to promote cordial living and will assist to achieve the individual and collective goals that we plan to attain,” she stated.
UBA alumni were encouraged to send their enquiries to the email: UBAAlumnicare@ubagroup.com for quick resolution.
United Bank for Africa is one of the largest employers in the financial sector on the African continent, with 25,000 employees’ group wide and serving over 35 million customers globally.
Operating in 20 African countries and in the United Kingdom, the United States of America, France and the United Arab Emirates, UBA provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting edge technology.
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