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DANGOTE EMERGES WINNER AT THE 2018 NIGERIAN RISK AWARDS

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Dangote Group has emerged winner of the 2018 prestigious Nigerian Risk Award (NRA) which recognizes organizations who have made measurable impact within their sector through the effective application of good governance, risk management and internal control systems and strategies.

 

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The award was on Thursday, September 6, 2018 conferred on Dangote at the Fourth NRA summit attended by top executives of both public and private sector was chaired by the Pro-Chancellor and Ex-Chairman of the Governing Council, Lagos Business School and Pan-Atlantic University, Dr. Christopher Kolade and recognized other individuals and organizations across – Banking and Investment; Insurance and Pension, telecoms and Media Service, Oil and Gas Services sectors.

 

Dangote Group was shortlisted for the award by a panel of judges made up of 14 risk management professionals and academics across 4 countries including – Nigeria United Kingdom, United States of America and Denmark.

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According to NRA co-chair Mr. Tunde Popoola, the panel of judges responsible for assessing all entries for the prestigious award, assessed all entries based on four criteria and went further to include a fifth and evidence-based metric to the selection process, further streamlining the process and ensuring winners have demonstrated actual value in the context of an overall risk management programme.

 

He said “This year’s award recognizes organizations that have successfully integrated and promote risk management culture and practices. The decision-making process is merit driven and a new metric was introduced to attest the evidence of success made by organizations. This changed the outcome significantly as quiet a lot of companies applied but failed on the part of providing evidence.”

 

He further said “All 14 judges participated in the assessment process and ranked all entries on response provided on – what was done by the organization in integrating and promoting risk management culture and practices; when it was done; how it was done; what was achieved and the final metric of evidence of result which carried 30% of the entire rating. To win, any organization must score a minimum of 70%.” Dangote Industries Limited emerged as the winner in the Manufacturing, Production and Industry’ category.

 

Receiving the awards, Group Operational Lead, Risk Management of Dangote Group, Mrs. EneniOduwole expressed gratitude to the organizers of the event and the panel of judges who have committed immense resources towards the project, she said “As Africa’s foremost business conglomerate, we understand the importance of integrating a robust and relevant Risk Management practices and we are honoured to receive this award from NRA, a body committed to championing the cause of risk management excellence. The rigorous judging process reaffirms the outstanding Risk Management framework of Dangote Industries Limited towards delivering superior value for our stakeholders, and it further fuels our commitment to do more”

 

Dangote Industries Limited in 2017, became the first manufacturing organization in West Africa to be awarded the ISO 22301 certificate in Business Continuity Management (BCM) following an external audit. ISO certifications are an international benchmark highlighting good business practices and providing a framework for an organization to proactively identify and mitigate current and future threats to business, allowing continuity across its operations and preserving stakeholder value.

 

Other awardees at the summit include – Ex governor of Ondo State, Dr. Olusegun Mimiko for promoting Health, Safety and Emergency Risk Management in Nigeria; Lagos State Emergency Management Agency (LASEMA) for inspiring effective Emergency response in Nigeria; Lagos State Safety Commission (LSSC) for Inspiring Safety practice and education in Nigeria; Association of Enterprise Risk Management Professionals (AERMP) for promoting Risk Management Awareness and  Education in Nigeria; UBA Pensions, IITA and Forte Oil.

 

(L-R) Pro-Chancellor and Ex-Chairman of the Governing Council, Lagos Business School, Dr. Christopher Kolade; Head Construction & Technical Unit, Lagos State Safety Commission , Debite Victoria Olu; Group Operational Lead, Risk Management, Dangote Industries Limited, Eneni Oduwole; Head, Risk Management, NASCON Allied Industries Plc, Adewale Akinwale, during the Risk Award held in Lagos

 

 

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Prophet Fasola launches inspirational book, ‘Knowing Your Position in Christ’ on Amazon

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Prophet Fasola launches inspirational book, ‘Knowing Your Position in Christ’ on Amazon

 

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Upwardly mobile Evangelist, Prophet Idowu Fasola, otherwise known as Broda Woli has launched his inspirational book, ‘Knowing Your Position in Christ’ on Amazon.

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‘Knowing Your Position in Christ’ is an exciting book that uncovers the reader’s identity and purpose as a Christian.

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According to the author, in the book, readers will “learn that, through your faith in Jesus, you’re welcomed into God’s family with open arms. You gain salvation, righteousness, and an incredible inheritance. This book will help you grasp your new identity in Christ and inspire you to live in a way that truly honors God.”

 

Prophet Fasola (Broda Woli) is the Shepherd-in-Charge of Celestial Church of Christ Hirahjahman Parish. He has a deep understanding of the teachings of Christ and a passion for sharing them with others.

In addition to his spiritual gifts, Prophet Fasola is also versatile in many other areas, including Writing, Songwriting, Content
Creation, Video editing, Graphics Design, and using social media to spread the gospel of Jesus Christ.

Through his book, Prophet Fasola aims to inspire and guide others to better understand their position in Christ and to live out their faith in meaningful ways. With his passion for sharing the message of hope and love found in Jesus Christ, Prophet Fasola is dedicated to helping others grow in their relationship with God and to live a life of purpose and fulfillment.

 

Read book here:

 

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AAS $87m Theft Case: Abayomi Oluwasesan Remanded In Suleja Prison As Police Arrest Prince Humble, Engineer Oma

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AAS $87m Theft Case: Abayomi Oluwasesan Remanded In Suleja Prison As Police Arrest Prince Humble, Engineer Oma

 

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Abayomi Segun Oluwasesan who confessed to have committed the heinous crime of defrauding the leading global crypto space known as Afriq Arbitrage System to the tune of $87m has been remanded at the Nigerian correctional service, Suleja Custodian center.

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AAS $87m Theft Case: Abayomi Oluwasesan Remanded In Suleja Prison As Police Arrest Prince Humble, Engineer Oma

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The suspect along side his wife, Tijani Anjolaoluwa were unable to perfect the stringent bail conditions given them by the high court. Thus, they were remanded at the Suleja prison till the next hearing.

 

 

 

Meanwhile, two of the major suspects fingered in the allegation of cyber bullying and cyber stalking of the Chief Executive Officer of Afriq Arbiritage System, Prince Humble Eteng and Engineer Fimienye Awajioma have been arrested by the police.

 

 

It would be recalled that the board of directors of Afriq Arbitrage Systems after an emergency meeting last week condemned in strong terms the attitudes of Prince Humble Otu Eteng, Michael Okoh, Okoi Daniels, Engineer Awajioma and others about their nefarious activities to injure the longstanding reputation the organisation has maintained and in a final resolution, resolved that the above parties be sued for defamation and has slammed a ten million dollar lawsuit with a suit number w/2011/2024 against them at the High court of the Federal capital territory in the Abuja judicial division on Monday, April 15th, 2024 on charges bothering on cyber bullying, attempt to life and property, lies and unlawful incitement and instigation against him, his family and organisation.

 

 

 

After due diligence in their investigation, we reliably gathered that the police were able to track the two suspects and are currently being interrogated at the IGP special investigation unit.

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Milan Industries claims N850 billion damages against AMCON

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Milan Industries claims N850 billion damages against AMCON

Milan Industries claims N850 billion damages against AMCON

 

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…Over wrongful sale of Intercontinental Hotels

 

 

 

 

 

 

 

 

Sahara Weekly Reports That The Milan Industries Ltd, owners of Intercontinental Hotels, Lagos has filed Eight Hundred and Fifty Billion Naira (N850,000,000,000.00) damages claim against Assets Management Corporation of Nigeria (AMCON) over wrongful sale of Intercontinental Hotels Lagos.

 

 

 

 

 

Milan Industries claims N850 billion damages against AMCON

 

 

 

 

 

 

The firm had earlier filed a suit against AMCON and Polaris Bank challenging the sale of the hotel over Milan’s alleged indebtedness to Polaris, following a banking relationship between them. AMCON allegedly acquired Milan’s alleged indebtedness from Polaris, and in a bid to recover the alleged debt, purportedly sold Intercontinental Hotels – the security for the loan, to a third party. However, in December 2022, the Court of Appeal, Lagos Division, set aside the sale of Intercontinental Hotels Limited, by AMCON as being unlawful.

 

 

 

 

 

 

 

 

 

 

 

 

The claim is contained in a suit against AMCON at the Federal High Court Lagos in which Milan Industries is claiming that as a result of the unlawful sale and takeover of its hotel, it has suffered an estimated loss of more than Eight Hundred and Fifty Billion Naira (N850,000,000,000.00 ), which sum, it is now seeking from AMCON as damages in court.

 

 

 

 

 

 

 

 

 

 

 

 

The firm in its statement of claim, said “despite lodging an appeal against the judgment of the Court of Appeal, AMCON in clear abuse of court process, is also attempting to recover the unsecured part of the debt, which it estimates to be Forty Billion Two Naira (N42,000,000,000.00 ). Remarkably, at the time the hotel was sold to the third party, it was valued at Eighty-five Billion Naira (N85,000,000,000.00) whereas Milan’s indebtedness stood at Fifteen Billion Naira (N15,000,000,000.00) only, at most.”

 

 

 

 

 

 

 

 

 

 

 

 

 

According Milan Industries, “To date, AMCON and Polaris have not informed Milan how much the hotel was purportedly sold for, and whether as a result, the debt is fully liquidated or not. The directors of Milan Industries Limited are vigorously contesting the bankruptcy proceeding commenced against them by AMCON.”

 

 

 

 

 

 

 

 

 

 

 

 

 

As a result, the directors of Milan Industries have already instructed the law firms of Prof A. B. Kasunmu L.P, Ahmed Raji & Co., and A. B. Sulu Gambari & Co. to represent them in court.

 

 

 

 

 

 

 

 

 

 

“The bankruptcy proceeding is a grand design by AMCON to divert attention from the monumental damages they have inflicted on Milan Industries Limited which they, along with Polaris, must surely pay for”, the firm stated in its statement.

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