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Business

Group Offers TB Joshua 200 Acres of Land, begs him not to relocate to Isreal

Published

7 years ago

May 20, 2017

Sahara Weekly

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An interest group, the Ondo for Truth has urged the Founder of the Synagogue Church for All Nations (SCOAN), Prophet Temitope Joshua to consider relocating the headquarters of his missionary from Lagos, the commercial capital of Nigeria to Ondo state, South West Nigeria. T.B. Joshua hails from Arigidi-Akoko in Akoko North East Area of Ondo state, NAIJ.com reports.

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Addressing some selected news men in Akure on Friday, the National Coordinator of Ondo for Truth, Mr. Festus Aladesanmi advised T.B. Joshua to shelve the Idea of relocating SCOAN to Israel as being widely reported.

The group said instead of relocating SCOAN to a foreign land that is playing host to millions of Christian pilgrimages every year, T.B Joshua should relocate to the Akoko area of Ondo state. The group promised to facilitate the release of at least 200 acres of land in Akoko on a platter of gold to T.B Joshua if he could consider the offer. “We read in the national dailies that due to some reasons which we are yet to be told officially, that one of the golden sons of our state, Prophet T.B Joshua is considering relocating the headquarters of his Church from Lagos to Jerusalem in Israel. “While we respect the man of God’s rights to liberty and dignity, we however want to advise him to shelve the idea of relocating to a foreign land. One that is already congested by Christian pilgrims from all over the world. In the light of the foregoing, we hereby plead with him to relocate from Lagos to Ondo state, particularly, the Akoko axis where he hails from. “We want to say that we mean business. We have started talking to traditional rulers from the four local government areas in Akoko land to see if they can facilitate the release of at least 200 acres of land to T.B Joshua if he chose to relocate to Ondo state and they agree. In fact, they are all looking ahead for T.B Joshua to make the announcement of the relocation. Responding to questions on the major reasons the group was calling on T.B Joshua to relocate SCOAN to Ondo; Aladesanmi said the dwindling economy of Ondo state needs the Synagogue Church Of All Nations than any other Nigerian state or foreign country at the moment. “I say expressly that the unemployed youths of Ondo state needs SCOAN. Our Airport in Akure needs SCOAN. The market men and women need SCOAN. The hotel owners and other vital commercial enterprises in Ondo state need SCOAN. SCOAN’s presence is our metaphorical fish feeding the five thousand; The over five thousand direct and indirect jobs the Church’s presence can generate in Ondo state. ‘All of Supare to Akungba, Oka, Isua, Arigidi, Ikare, Okeagbe, Ogbagi, Irun and every other part of Akoko need T.B. Joshua. The Tourism industry of Ondo state needs SCOAN. Above all, the economy of Ondo state needs SCOAN than any other state of the federation or any country of the world.” the group said. PAY

TV Prophet Temitope Joshua, fondly called T.B. Joshua by the general public, reportedly told his congregation few weeks ago that he would be relocating the headquarters of his mission from Lagos, Nigeria to Jerusalem in Israel due to some lingering issues which he did not disclose. The church headquarters is currently situated at Ikotun in Alimosho Local Government Area of Lagos State. Aside providing jobs opportunity for the people, 80% of hotel owners in Ikotun, Egbeda and Idimu areas of Lagos rely solely on patronage from worshipers, mostly foreigners at T.B. Joshua’s church. SCOAN, according to the Lagos state Chapter of the Association of Hotel Owners of Nigeria, is responsible for 60% of every foreign tourist that visits Nigeria and 65% of income accrued to Lagos State Government through tourism per annum. These tourists do visit Nigeria seeking for spiritual/divine healing from T.B. Joshua. The Prophet is known for healing people from all sorts of terminal diseases which the best medical centres across the globe could not treat. Numerous people have also been delivered from spiritual bondage by T.B. Joshua thereby turning his church to a tourist centre. In 2015, the church hotel situated within the church premises collapsed leading to the deaths of 200 people, most of whom were South Africans. NAIJ.com had recently reported that Prophet T.B Joshua of the Synagogue Church of All Nation, SCAON, revealed the reason for his church’s growth despite negative speculation about his church. According to him, haters have helped his Ministry grow in the last 30 years.

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Business

ASR AFRICA COMMENCES THE CONSTRUCTION OF A 500-CAPACITY LECTURE THEATRE AND FACILITIES WORTH 250 MILLION NAIRA FOR THE ADAMAWA STATE UNIVERSITY, MUBI, NIGERIA

Published

23 hours ago

May 3, 2024

Sahara Weekly

ASR AFRICA COMMENCES THE CONSTRUCTION OF A 500-CAPACITY LECTURE THEATRE AND FACILITIES WORTH 250 MILLION NAIRA FOR THE ADAMAWA STATE UNIVERSITY, MUBI, NIGERIA

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Mubi, May 3rd, 2024

Sahara Weekly Reports That The Abdul Samad Rabiu Africa Initiative (ASR Africa) commences the construction of a 500-capacity lecture theatre and wash facilities for the Adamawa State University, Mubi. This project is coming after the nomination of the institution as a recipient of the ASR Africa Tertiary Education Grant Scheme (TEGS), by the Board of Directors of the Abdul Samad Rabiu Africa Initiative.

Speaking at the event, the Acting Vice Chancellor of the University, Dr. Stephen A. Lagu, expressed his appreciation to the Chairman of BUA group and ASR Africa, Abdul Samad Rabiu, for the rare philanthropy gesture towards the university. He stated that the intervention of the Chairman would reduce the physical infrastructure deficit at their new campus and promote sanitation and hygiene in the university. He added that the choice of the 500-seat lecture theatre with the four boreholes at different locations within the campus was identified and agreed to by the relevant organs of the institution with the ASR Africa team.

Dr Ubon Udoh (MD / CEO, ASR Africa), in his remarks, congratulated the institution for qualifying for the nomination by the Board of Directors of ASR Africa. He stated that the rigorous selection process which includes stringent criteria such as the quality of service delivered by the university and the pedigree of graduands from the institution at the national and international levels, proves that the university is keeping up with its vision as a leading institution of learning in the region. He encouraged the management and students to ensure proper use and maintenance of the facilities as a show of appreciation for the grant given to them.

The Tertiary Education Grant Scheme of the Abdul Samad Rabiu Africa Initiative is part of the efforts of the Chairman of BUA Group and ASR Africa, Abdul Samad Rabiu to give back to the African continent and make a lasting impact in education as a means of uplifting and restoring the dignity and lives of Africans.

About ASR Africa

ASR Africa is the brainchild of African Industrialist, Philanthropist and Chairman of BUA Group, Abdul Samad Rabiu, the Abdul Samad Rabiu Africa Initiative (ASR Africa) was established in 2021 to provide sustainable, impact-based, homegrown solutions to developmental issues affecting Health, Education and Social Development within Africa.

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Business

Rano: Inspiring Story Of An Ice block seller who became billionaire

Published

1 day ago

May 3, 2024

Sahara Weekly

Rano: Inspiring Story Of An Ice block seller who became billionaire

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Alhaji Auwalu Abdullahi Rano, popularly known as A.A Rano transformed from a humble boy from Kano Village into a billionaire magnate, overseeing a conglomerate that includes 120 filling stations across Nigeria.

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Born into an average family in Lausu, Kano State, Rano started small, with an ice block and groundnut oil business, including other local items.

Rano has gone into building a multi-billion naira enterprise spanning various sectors of Nigeria’s economy.

Today, Rano owns AA Rano oil & Gas industry in Nigeria with 56 ML Tank farm in Lagos, with 120 retail outlet/ fillng stations across Nigeria and over 600 trucks & LPG terminals as well as acquired vessel (M.T LAUSAU).

His ventures include RanoGaz, a state-of-the-art Liquified Petroleum Gas (LPG) terminal, a rice milling company, Rano Lubricant, Rano Air, Lausu Marine and Logistics, AA Rano Terminal, and AA Rano Road Haulage.

@PUNCHNG

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Bank

Fidelity Bank records a 120.1% growth in PBT to N39.5bn in Q1 2024

Published

1 day ago

May 3, 2024

Sahara Weekly

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Fidelity Bank records a 120.1% growth in PBT to N39.5bn in Q1 2024

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In line with its upward growth trajectory, leading financial institution, Fidelity Bank Plc, has posted an impressive 120.1% growth in Profit Before Tax from N17.9bn at the end of Q1 2023 to N39.5bn for Q1 2024. This was made known in the Bank’s unaudited financial statements released on the issuer portal of the Nigerian Exchange (NGX) on Tuesday, 30 April 2024.

According to the statement, Gross Earnings increased by 89.9% yoy to N192.1bn from N101.1bn in Q1 2023. The increase was led by a combination of interest income (90.7% yoy) and non-interest income (84.0% yoy). Growth in interest income was primarily spurred by a higher yield environment and strong earning assets base, while the increase in non-interest income was led by double-digit growth in account maintenance charges, FX-related income, trade, banking services, and remittances, supported by increased customer transactions.

Commenting on the results, Nneka Onyeali-Ikpe, MD/CEO, Fidelity Bank Plc stated, “We are pleased to report another quarter of strong financial performance driven by our strategic focus on customer-centricity, digital innovation and operational excellence. Despite the challenging macroeconomic environment, we remained resilient and agile, delivering double-digit growth on key income lines while advancing our business sustainability agenda.”

In the period under review, the bank grew Net interest income grew by 89.5% yoy to N99.6bn from N52.6bn in Q1 2023, driven by interest and similar income as the yield on financial instruments improved to 14.7% from 10.1% in Q1 2023 (2023FY: 11.6%). In line with the steady rise in interest rates through the year, average funding cost increased by 80bps ytd to 5.2%. However, NIM came in at 8.8%

compared to 8.1% in 2023FY, as increafeatsed yield on earning assets surpassed funding cost to 15.1% from 13.3% in Q1 2023 (2023FY: 13.5%).

Similarly, Total Deposits increased by 17.2% ytd to N4.7tn from N4.0tn in 2023FY, driven by double-digit growth across all deposit types (demand, savings and term). Net Loans and Advances increased by 21.2% to N3.7tn from N3.1tn in 2023FY.

“Beginning the year on this inspiring note reaffirms our strategy of helping individuals to grow, inspiring businesses to thrive and empowering economies to prosper. We are committed to our guidance as we build a more resilient business franchise with a well-diversified earnings base in 2024,” explained Onyeali-Ikpe.

Ranked as one of the best banks in Nigeria, Fidelity Bank 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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