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Controversy trail appointment of Diamond Bank’s Aishah Ahmad as CBN Deputy Governor + How she was Promoted twice in 24Hours

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Controversy has continued to trail the appointment of a Deputy General Manager in Diamond Bank as a new Deputy Director of the Central Bank of Nigeria (CBN).

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The lady at the center of the controversy, Aishah Ahmad was said to be a  DGM in Diamond Bank before she was ‘hurriedly promoted’ as an Executive Director of the bank before her new appointment.

According to reliable informants, Aishah was a DGM in the bank on Tuesday 3rd October, 2017 and by the morning of Wednesday, 4th October she was quickly appointed as ED in the bank and immediately appointed as Deputy Governor of the CBN same Wednesday evening.

We were told that ordinarily the CBN only accepts from Executive Director (ED) cadre as Deputy Director.

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It was alleged in some anonymous posts on the social media that Aishah’s promotion to the position of Executive Director at Diamond Bank Plc was rushed a few hours to the announcement of her name as the nominee to replace Sarah Alade, who retired from the bank as deputy-governor (economic policy) in March 2017.

The message read: “We have a new Deputy CBN Governor by name Aishah Ahmad. An erstwhile DGM (Deputy General Manager), she was appointed an ED (Executive Director) in Diamond Bank Wednesday evening and before the staff got home same Wednesday, they learnt of her appointment as CBN Deputy Governor. CBN typically accepts only Executive Directors for that position.”

Those who oppose her appointment as CBN Deputy Governor argued further that she was promoted overnight at CBN to meet this requirement and because she is just 40, it was also argued that she is too young for the coveted office.

Sources revealed that Aishah is close to senior players in the banking industry and that her elevation must have been influenced by some of the players.

Sources revealed that the woman’s appointment was made to fill the slot of the bank as other banks such as Zenith Bank and First Bank have reportedly filled their slots in the apex bank.

We were reliably informed that the memo nominating Aishah for deputy-governorship was sent to President Muhammadu Buhari on February 20, 2017 with Alade set to retire after spending 25 years at CBN.

The memo allegedly remained untreated as the president battled with health problems for months.

Meanwhile, in Ahmad’s CV, she said she was promoted ED at Diamond Bank in May 2017 — three months after her name was sent to the president for the CBN vacancy.

The Diamond bank board reportedly only confirmed her elevation on the eve of the announcement of her nomination by the president.

The curious case of her promotion might not have been helped by the fact that she was a deputy general manager previously, meaning she skipped being general manager. Although in the private sector double promotions are not unusual, the circumstances surrounding her case would raise suspicion that it was meant to beef up her resume.

Diamond Bank, the last employer of Aishah Ahmad, reportedly  gave a dodgy response when asked to respond to widespread claims that Ms. Ahmad was promoted executive director on the same day she was appointed to the top CBN post.

Rather than make a categorical comment on when Mrs. Ahmad was raised from her position as Deputy General Manager to Executive Director, Mike Omeife, Head of media Relations at the bank, was quoted to have said that she had been executive director at the bank “for a while”.

“He maintained that based on her wealth of experience, she is qualified to be appointed to the new position,” said a source.

However, the CBN Act does not require that an appointee to that position must be an executive director of a bank, and it is not clear why she had to be controversially upgraded.

Section 8 sub-section 1 of the CBN Act 2007 states, among others, that: “The Governor and Deputy Governors “shall be persons of recognised financial experience and shall be appointed by the President subject to the confirmation of the Senate.”

Some commentators argue that Ms. Ahmad’s expertise may not be the kind of skills needed at the CBN.

We learned that the woman is better known for overseeing privilege banking, securing accounts from high net-worth individuals, and providing private client services to wealthy customers. Her understanding of economic policies remained unclear.

Abdul Mahmud, an Abuja-based attorney, reportedly said of the appointment, “That she replaces Sarah Alade as Deputy Governor of CBN in charge of economic policy- monetary policy, financial market, etc, before her retirement, makes her catapult curious.

“With a background in accounting and professional training in consumer banking, you would ask: what was her appointor thinking? She is not a monetarist, there is nothing in her CV that shows that she is nuanced in monetary economics,” he said.

Aishah is expected to assume duty as CBN deputy governor immediately after her confirmation by the Senate.

Until her appointment, Mrs. Ahmad, a holder of Master of Science, M.Sc degree in Finance & Management from the Cranfield School of Management, United Kingdom (2006-2007) and a Master of Business Administration, MBA in Finance, University of Lagos (1999-2001), was the executive director (Retail Banking) at Diamond Bank Plc.

She is the chairperson, executive council of Women in Management, Business and Public Service, WIMBIZ, a Nigerian non-profit organization focused on issues affecting the interest of women professionals in business, particularly those promoting leadership development and capacity building to engender growt.

Checks revealed that details of the bank’s annual report showed that as at December 2016, Mrs. Ahmad held the position of Head, Consumer and Privilege Banking.

The two executive directors listed in the report are Chizoma Okoli, Executive Director Business Development, and Chiugo Ndubisi, Executive Director/Chief Financial Officer.

Similarly, in its quarterly reports for March and June 2017, the names of the two aforementioned officials remained as executive directors.

We also gathered that Sulieman Barau, CBN’s deputy governor (Corporate services); Okwu Joseph Nnanna, CBN deputy governor (Financial system stability) were never ED before their appointments.

Observers believe that the Aishah’s appointment is a bad precedent and that it is a matter of time before “every reasonable person in the industry would realise the folly in the appointment.”

-First Weekly

 

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GLOWFUX Concert ’22: FANAFILLIT set to host 1,000 children and adults to a fiesta

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GLOWFUX Concert '22

GLOWFUX Concert ’22: FANAFILLIT set to host 1,000 children and adults to a fiesta

GLOWFUX Concert '22

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The organizers of the annual GLOWFUX Charity Concert, Fanafillit Integrated Concepts, have announced their plans to host not less than 1,000 adults and children from special homes across Lagos State. This was contained in its official statement made available to the press on Friday, to announce the official commencement of activities for the annual end-of-the-year social intervention event.

According to the statement signed by the Project Coordinator, Miss Margaret Ngonadi, this year’s edition marks the 7th edition of the impactful project and the second time of spreading its tentacles across Lagos State. “As we aim to again host children from special homes like orphanages, rehabilitation centers, less privileged homes, and homes of people with special abilities, we are not going back on our promise last year to make this glamorous event statewide”, the statement reads.

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Reiterating their commitment to the project, the organizers stated that they look forward to giving everyone a funfilled, exciting, and memorable experience at this year’s edition of the GLOWFUX Charity Concert which is slated to hold on Saturday, 28th of December, 2022 at Dan & Den Arena, Elegushi Beachfront, Lekki, Lagos.

“The general public is welcomed to celebrate with our VIP guests who will be joining us from several orphanages/special need homes across Lagos State. Admission to the event is strictly by registration through the GLOWFUX registration link and invitations to some members of the public. However, all members of the public attending the event are encouraged to come with gift items as that’s part of the criterion for clearance at the entry point”, a part of the statement read.

 

 

 

 

 

On the content of the event, the organizers assured that this year’s edition of the GLOWFUX Concert promises to feature an avalanche of entertainment, gifts, food and drinks for all. “While we already have on board some notable entertainment practitioners like Kemi Stone, Da’Fresh Olorin, Vanessa Jones, Ogbono, TalkTalk, Princephelar, Meyrah, Maryjane Dawn, FKM, Dharnniella, we are working on more popular brands and entertainment practitioners to merry with the children and make them experience the overwhelming joy of the end-of-the-year festivities. Notable amongst entertainment brands we are in talks with are Prince Jide Kosoko, Funsho Adeolu, Bimbo Akintola, Yemi Blaq, Shushu Abubakar, Yinka Alaseyori and a host of others”, said the project coordinator in the release.

Also, the organizers announced the introduction of a new award category to its GLOWFUX Hall of Charity Award Category which is tagged GLOWFUX Charitable Corporate brand of the year to recognize and celebrate Corporate Brands whose charitable endeavors have impacted their immediate community.

 

 

 

 

The organizers of the GLOWFUX Charity Concert encourage the general public to join the cause as they set to put smiles on the faces of 1000 Special Children through donations and by attending the events with gifts.

GLOWFUX (Giving Love With Fun for Xmas) is an annual end-of-the-year charity concert that brings together children from orphanages/special need homes across the state for an unusual end-of-the-year celebration with the general public.

 

 

 

The last six editions of the GLOWFUX Charity Concert have recorded myriads of impact across the State with about 1,500 children from several special homes (government-owned and private-owned) as beneficiaries.

In addition to existing brands like iCare Foundation, Hands Lifting Hearts Initiatives, Corsican Brothers, Elegushi Royal stool, MALENS diagnostics, Headway Events, DJ MAPS Productions, OPREM Photography and NSNF who have always been part of the project, other notable being considered to come on board this year’s edition includes Fidson Healthcare, Beloxxi Biscuits, Dano Milk, Unilever Nig, Seniors Wellbeing Foundations, AkModel Properties, Hypo, Dan & Den Lounge, Germane Auto and SIFAX Group.

 

 

 

 

The media supports for this year includes AIT, KRAKS TV, Legit.ng, Pulse.ng, thestatusng.blogspot.com theeagleonline.com.ng, thegazellenews.com, newspop.com, mockinbird.com.ng, omonaijablog.com.ng, freedomonline.com.ng, Hottestgistinnaija.com, Encomium magazine, YES! International magazine, theelitesng.com freedomonline.com.ng, thecitypulsenews.com, Global Excellence magazine, saharaweeklyng.com freelanews.com theimpactnewspaper.com

Inquiries on the partnership, support, and donations can be forwarded to any of the following contact 07032312815, 08111236196, 09159712472, 07061893629, 08103103198, or connect with the organizer on their social media pages @glowfux.

 

 

 

Donations can also be made through the link https://donate-ng.com/campaign/glowfux-concert

 

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“Why Poshglowskincare Is The Best Product For Your Skin”- Bukunmi Oluwasina Reveals

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Poshglowskincare

“Why Poshglowskincare Is The Best Product For Your Skin”- Bukunmi Oluwasina Reveals

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That top Nigerian actress, producer, screenwriter cum singer, Bukunmi Oluwasina has just signed a multi-million Naira endorsement deal is like stating this obvious.

This is because a few days ago, the dashing actress signed a mouthwatering endorsement deal worth £15,000 with Poshglow Skincare.

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The Ekiti State-born entertainer who has lately been dominating the Nigerian music Industry with series of her new songs featuring international artistes, is gaining lots of attention due to her human nature.

However, in an exclusive interview with the Brand Manager of Poshglowskincare, Olanrewaju Alaka, who spoke on behalf of the company, revealed the reason the brand splashed £15,000 to renew the vivacious actress’ contract with the brand for the fourth time.

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According to him,  “this is the fourth time  Poshglowskincare  will be  working together with Bukunmi, and we have decided to renew our working relationship this time because, we appreciate the loyalty, love and professionalism of those we work with. Additionally, it will be a good fit for our brand to work with someone people love, a celebrity with high level of relevancy and professionalism.  Most importantly our goals align and of course working with her has given us good ROI”.

“Nevertheless, our working relationship shows that the two brands have good audience perception of influencer marketing in Nigeria, especially in the beauty industry. It is not very common to have an influencer in Nigeria who truly uses the product of the brand they represent and still work with them for several years. It is a common knowledge that influencers in Nigeria only care about the revenue they generate from their endorsement, our global ambassador is keen on her audience perception and scrupulous on how she represents her brand. This is who we love to work with”.
 

 

 

 

On why she joined the brand, Bukunmi said, “Poshglow Skincare missions is to create 100% natural, productive, and 100% cruelty-free skincare products for all skin types. I am particular on the type of brand I work with and of course our goals have to align. Working with Poshglowskincare has been an amazing and interesting journey for me. I find it quite interesting to work with a brand that values creativities and appreciate what I do. Poshglowskincare is not only after getting the value of what they paid for, they will still support you and make sure you excel in that project. It is  an honour working with a brand that is keen on quality products and tries its very best to satisfy their customers”.

“Compared to some reviews I see on social media, I have never gotten negative feedback about the brand, it has always been a positive reviews and I can attest to this myself because my family and I   use Poshglowskincare”
 

 

 

 

“I don’t promote products I do not use. I’ve made a name in the entertainment industry, so I try to protect it through what I do. Poshglow Skincare is completely remarkable product and for the fourth time, we are signing business deals together”.

“This demonstrates our tenacity and steadfastness in the belief of Poshglow Skincare’s existence, even in the United Kingdom, to make inroads into the UK market and dominate”, Bukunmi stated.

 

 

 

 

Reacting to this, the Chief Executive Officer of Poshglow Skincare, Folasade Omotoyinbo said, “I am delighted to have Bukunmi as the brand ambassador, and the gains of having her is enormous”.

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Bigi ‘Watch & Win’ Promo Recommences, Offers Prizes of a Brand-New Car, Other Exciting Freebies

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Bigi ‘Watch & Win’ Promo Recommences, Offers Prizes of a Brand-New Car, Other Exciting Freebies

Bigi

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The Bigi carbonated soft drink (CSD) brand of Rite Foods Ltd; producers of Sosa Fruit Drink, Fearless Energy Drink and Rite Sausages has recommenced its enormously loved ‘Watch & Win’ promo where participants stand the chance of winning a brand-new car amongst other consolation prizes as part of its effort to excite movie lovers, their families and friends in Lagos and Abuja by offering them rewards for their viewing experiences whilst being revitalised with the fantastically refreshing array of the brand’s 13 flavours ( Bigi Cola, Bigi Orange, Bigi Apple, Bigi Tropical, Bigi Lemon and Lime, Bigi Bitter Lemon, Bigi Chapman, Bigi Tamarind, Bigi Cherry Cola, Bigi Ginger Lemon, Bigi Ginger Ale and Bigi Zero Cola) thereby offering extensive value for money.

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The Mega Promo, was flagged off in December last year as its first edition and saw the winner, Amarachi Chukwuma, being gifted with a brand-new car and over One hundred packs of Bigi drinks at a presentation ceremony held at the Silverbird Cinema, in Victoria Island, Lagos, on Monday, 11 April, 2022, amid other participants who attested to the credibility of the reward initiative.

 

 

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To recommence its second edition, the promo kicked off from August 8th till the 31st October 2022 and cinema lovers are encouraged to partake in the promo, as Bigi is poised towards rewarding and refreshing them with its unique variety from its 13 variants that have blazed the trail in the CSD segment, having been acclaimed as the market leader by consumers across the country.

As a consumer centric brand, the promo demonstrates Bigi’s value for its consumers while having delightful moments watching their much-loved movies, with the nourishment provided through its unique flavours. This stride, is amidst the beverage industry pacesetter promoting entertainment through various initiatives such as its sponsorship of Art of Living, Felabration, Nigerian Idol and the international musical star discovery platform for young Nigerian artists, that saw the Bayelsa-born Kingdom Kroseide and the Delta-born Progress Chukwuyem emerge winners of Season 6 and Season 7 respectively.

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