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Mixed feelings as President Buhari names two dead men in Board appointments

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Senator Francis Okpozo, who died at 81, in 2016, has been named Chairman, Nigerian Press Council (NPC).

Also on the list l is late retired Deputy Inspector General of Police and elder statesman, Donald Ugbaja.

The late Ugbaja was appointed member of Consumer Protection Council. His name is the third on the list of the council whose chairman is Emeka Nwakpa.

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The two men are among the 209 chairmen and 1,258 members appointed to fill the governing boards of agencies and parastatals positions.

The Presidency had issued a statement on December 28, 2016 expressing condolences to his family and the government of Delta State on his death.

Until his death, Late Okpozo was a Second Republic senator and member of the Board of Trustees (BoT) of the All Progressives Congress (APC).

In a statement by the presidential spokesman, Mr. Femi Adesina, the President also commiserated with “the family and friends of the late senator, whose championing of social justice in the Niger Delta, during his long history of service to the people, endeared him to many.”

The statement added that “As a stalwart of the APC in the South-South, President Buhari believes that the party greatly benefited from the octogenarian’s charismatic leadership and wealth of experience as a politician.”

The President also “hopes that all who mourn Senator Okpozo will carry forward his legacy of unwavering dedication to the unity of Nigeria, even as the nation would fondly remember his contributions to peace, development and justice in the Niger Delta.”

Delta State Governor, Dr. Ifeanyi Okowa on November 28th, 2017 also in a statement by his Chief Press Secretary, Charles Aniagwu, described the late Ugbaja as a complete gentleman, a thorough bred officer, who contributed his own quota to serving his country and humanity.

The appointments which was released late Saturday night to mainly online media by the Secretary to the Government of the Federation, Boss Mustapha, read: “Mr. President considered the approval for the constitution of the Boards as well as the appointments, very necessary, so as to provide a proper Governance and oversight structure for Government Agencies and Parastatals. The constitution of the boards with the appointments, is a demonstration of this Government’s efforts aimed at building strong institutions of Governance, and by extension, improving the quality of Policy formulation and supervision.

“While these appointments represent a substantial number of hitherto pending board appointments, some more appointments are still being processed and will be released in due course.

“The appointments take immediate effect and Honourable Ministers are advised to inaugurate the boards after letters of appointment have been issued.”

These appointments are the single largest President Buhari has made since he took office in 2015.

Prominent among the appointees is a former Ekiti State Governor, Niyi Adebayo, who will be serving on the board of the Federal Airports Authority of Nigeria alongside Akingbesote Akinyeye, Suleiman Mohammed and Bello Babura.

Chief Bode Mustapha and Mr. Fetus Keyamo will also be serving on the board of the Nigeria Deposit Insurance Corporation alongside Alhaji Garba Buba, Bello Garba, Gen. J.O.J. Okoloagu, Mudashiru Mustapha and Adewole Adeleke.

On the board of Sheda Science and Technology Complex are Senator Ayo Arise, Dr. Wasiu Olatubosun, Kevin Njideaka, Rotimi Erogbogbo, Bala Abdullahi, Shuaibu Bukkuyum, Mohammed Us, Kolawole Yusuf, Inuwa Mangoronand Gale Idriss.

The General Overseer of Foundation of Truth Ministry, Lagos State, Rev. Yomi Kasali, was appointed on the board of the Nigerian Christian Pilgrims Commission alongside Emmanuel Ebomuche, Ezekiel Agazu, Israel Akanji, Anthony Fasipe, Jidda Musa, Yusuf Biniyat and forgiven Amachree.

Vice-President Yemi Osinbajo and others are on the board of the National Boundary Commission while Gen. John Shagaya and others made the list of National Institute for Policy and Strategy Studies.

Osinbajo is also chairing the Border Communities Development Agency, the National Planning Commission and the National Space Research and Development Agency

The President himself is chairing the National Agency for Science and Engineering Infrastructure and the Nigerian Nuclear Regulatory Authority.

 

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Bank

Wema records 196 percent profit before tax in 2023 financial report

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HACKAHOLICS DIGITAL SUMMIT 2023: WEMA BANK LAUNCHES AFRICA’S LARGEST GATHERING OF INNOVATORS, DISRUPTORS, REGULATORS, POLICYMAKERS, INVESTORS & CUSTOMERS IN THE DIGITAL SPACE

Wema records 196 percent profit before tax in 2023 financial report

Wema Bank has announced its full Year 2023 Audited financial statement, recording profit before tax growth of 196 per cent from ₦14.75bn to N43.59 billion.

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The bank also proposed a dividend per share of 50kobo; up from 30 kobo in 2022 and deposit growth of 60 per cent to ₦1,860.57bn from ₦1,165.93bn reported in FY 2022.

“Return on Equity (ROAE) of 39.28%, NPL of 4.31% and N40billion 1st tranche of Capital raise awaiting final regulatory approvals,” a statement from the bank said.

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Commenting on the results, the MD/CEO, Mr. Moruf Oseni said, “2023 showcased a revitalised Wema Bank as evidenced by the considerable improvements in our numbers. The performance is headlined by impressive improvements in Profit before Tax which grew strongly by 196%.”

He noted that the growth of Gross Earnings by 72%, Total Assets by 56% and earnings per share at 279.5 kobo shows the core improvements to the bank’s balance sheet.

“In addition, our cost to income ratio at 64.37% has witnessed significant improvement from the previous period.

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“We also completed our N40bn Capital raise exercise (results awaiting final verification by regulators). This exercise actively positioned us for the new capital licensing requirements of the Central Bank of Nigeria. Wema Bank will accelerate its capital management plans and ensure we embark on the journey to raise the required capital as quickly as possible.

“The Bank will be proposing a dividend per share of 50 kobo to its shareholders at the next Annual General Meeting; this is in line with the Bank’s capital conservation strategy and to ensure that it continues to provide returns to its shareholders in anticipation of additional capital raises scheduled for later this year.

“We are satisfied with the bank’s performance in the first year of the new leadership team, as we move in a strong growth trajectory. Our target remains clear, we want to become a Top-Tier Bank in the industry powered by Digital excellence, we have carved a niche for ourselves with ALAT as a Retail platform, but we are now positioning the enterprise as the Intelligent platform for all financial services.

“We have partnered with the Federal Government on upskilling Two Million MSMEs, provided engagement platforms for all NYSC members and are now implementing partnerships in Health, Education, Women empowerment and in the green economy.

“In the months ahead, we would be developing platforms and supporting initiatives that prioritise the needs of our customers, leveraging technology in solving problems across all sectors.”

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All Is Set For HiCESRA 2024!… As HCS Magazine Launches @5

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All Is Set For HiCESRA 2024!... As HCS Magazine Launches @5

 

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All Is Set For HiCESRA 2024!… As HCS Magazine Launches @5

 

The magnificent R&A City Hotel situated in Ikeja, Lagos will welcome a mammoth crowd of celebrities, dignitaries, boardroom marshals, traditional rulers, religious leaders, political icons and great actors from other sectors of the Nigerian economy to felicitate with High Celebrity Squard International Magazine as it clocks 5 years in the Nigerian media space.

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All Is Set For HiCESRA 2024!... As HCS Magazine Launches @5

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The event, scheduled to take place on Sunday the 21st of April, 2024 by 2pm will also witness the decoration of selected Nigerian dignitaries who will be inducted into the HiCESRA Hall of Fame as well as outstandingly industrious individuals led by the indefatigable Executive Governor of Lagos State, His Excellency Mr. Babajide Olusola Sanwo-Olu and corporate organizations that have been lined up to win several noble awards.

Top on the list of inductees into HiCESRA Hall of Fame include the Alayeluwa His Imperial Majesty Adeyeye Enitan Ogunwusi, the Ooni of Ife, effervescent business tycoon Dr. Taiwo Afolabi of Sifax Group, Industrial giant Aare Rasaq Akanni Okoya and his beloved wife Dr. Mrs. Shade Okoya, the gallant Comptroller General of the Nigerian Customs Services Adewale Adeniyi, Primate Elijah Ayodele of INRI Evangelical Church, Prince Kayode Kolade the Controller NCS Zone C, Owerri and his lovely wife Princess Dr. Toyin Kolade the Iyalaje Oodua Worldwide, the Aare Onikoyi of Yorubaland Chief Tomori Williams, Aare Basheer Fakorede the Aare Bobajoko of Image land, Chief Mrs. Quincy Ayodele global Queen of herbal product, Fuji Czar Wasiu Ayinde Anifowoshe etc.

An impressive list of awardees will also make HiCESRA 2024 an outstanding event. The convener of this tremendous project, Quadri Alabi Olowolagba affirmed that this is the time to celebrate the 5th anniversary of High Celebrity Squard International Magazine and at the same time, formally launch the magazine that has been portraying the good images of great personalities, corporate organizations, traditional leaders, religious bodies, governments and other vital contributors to the country’s economy.

We developed HiCESRA 2024 to appreciate the efforts of these individuals and entities. In addition to this, we are also inducting some distinguished dignitaries into HiCESRA Hall of Fame. We urge a our invited guests, partners, clients and well wishers of High Celebrity Squard International Magazine to be at R&A City Hotel in Ikeja on the 21st of April and witness the mother of all awards celebration.

However, a national topical issue themed “Strategizing solutions to Nigeria’s devastating economy, incessant insecurity threats: Roles of the media” will be discussed at HiCESRA 2024 by renowned media practitioners and social commentators. Watch out for the bumper maiden edition of HiCESRA. It promises to be a classic.

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New Cryptocurrency “Chambs” Launches with Innovative Mining Model

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New Cryptocurrency “Chambs” Launches with Innovative Mining Model

 

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A new cryptocurrency, Chambs, has entered the digital market with promises of revolutionizing utility tokens. Offering a plethora of features and benefits, including payments, staking, and a cutting-edge web3 social media platform, Chambs has quickly caught the attention of crypto enthusiasts worldwide. Powered by the Solana blockchain, Chambs boasts a seamless and efficient network, ensuring fast transactions and low fees.

New Cryptocurrency "Chambs" Launches with Innovative Mining Model

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What sets Chambs apart is its unique mining model, which allows users to mine Chambs tokens for free on a daily basis. With the potential to claim up to 8,300 Chambs daily, equivalent to $4.7 USDT worth, users have the opportunity to accumulate tokens effortlessly. These mined Chambs can then be easily swapped to USDT after the mining period, providing users with tangible value.

Chambs serves as the native coin of Chambit Exchange, a pioneering peer-to-peer exchange solution poised to make waves in the crypto space.

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Backed by a diverse team of experts and a robust funding team, Chambs aims to deliver real-world utility while promoting financial inclusion and social impact. Its well-defined roadmap outlines ambitious plans for growth and development, setting the stage for Chambs to emerge as a major player in the cryptocurrency ecosystem.

To capitalize on this groundbreaking opportunity, users are encouraged to start mining Chambs today. By signing up through the provided link, users gain access to the Chambs mining platform, where they can begin accumulating tokens immediately. Additionally, Chambs offers a dedicated mobile app available for download on the Google Play Store, ensuring seamless access to the platform’s features and updates.
Stay updated with the latest developments and announcements from Chambs by following their official social media channels. Join the Chambs community on Facebook, Twitter, and Telegram to engage with like-minded individuals and stay informed about upcoming events and promotions.

With its innovative approach to mining and commitment to real-world utility, Chambs is poised to disrupt the cryptocurrency space and make a lasting impact on the world. Don’t miss out on this opportunity to be part of the future of finance. Start mining Chambs today and join the revolution.

“Chambs is a multi chain utility token that offers a range of features and benefits to users, including payments, and staking and a web3 social media platform that promotes user engagement and interaction Powered by the Solana block chain,

Chambs is a native coin of Chambit Exchange. A unique peer-to-peer exchange solution set to make impact in the crypto space.

Champz aims to provide real-world utility, while also promoting financial inclusion and social impact. With the backing of a diverse team of experts and a strong funding team, Champz has the potential to become a major player in the cryptocurrency space and make a positive impact on the world.”

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