Business
My Reasons For Edo’s Head Of Service Sacks- Oshiomhole
Governor Adams Oshiomhole of Edo State said he asked the immediate past Head of Service of the State, Jerry Obazele, to proceed on compulsory retirement over gross negligence tending towards fraud.
Speaking during the swearing-in of the New Head of Service of the State, Gladys Idahor, at the Government House, Benin City, yesterday, Mr. Oshiomhole said, “I am a defender of jobs. I believe experience is a value to be celebrated, not to be punished. But I have had to arrive at the painful conclusion that Obazele had to be relieved of his services because not only did he fail to provide leadership, he also conducted himself in a way that would have led me to approve of a fraudulent claim for pensioners.
“He was appointed according to my judgment and I accept responsibility for my poor sense of judgment but I also have the courage to correct my mistakes once I discovered it was a mistake.
“The responsibility of a Head of Service is to be a superintendent over the Civil service. There are many of our senior citizens who had retired from service from as far back as 1999, some even under the military and by the time I assumed office, many of these senior citizens had not received their gratuity for over a period of 12, 13 years.
The situation was compounded by the thousands of workers that were retrenched by a former PDP government between 2000 and 2001 and all of those people were not paid their gratuity.
“There is no worst crime to a working man or woman than to deny him his deferred wage which we call gratuity which is meant to be paid at the point of disengagement so he can use the money to establish and face the rigors and reality of retirement.
“We tried to deal with this problem from inception. First, I gave a standing instruction to the Accountant General that pensioners must be paid exactly the same day as the current Civil Servants. It is not that we pay them if there is something left because at the end of the day, nothing will be left when you pay for every other thing. You must give priority accordingly.
“Two months ago, I called the Head of Service and I said, I am looking forward to the end of my tenure. When I say I want to finish strong and finish well, it is not only in the area of physical infrastructure, but I also want to deal with the social sector. I want to look for money and pay a chunk of money to these pensioners so that we can reduce the waiting time.
“So I asked him, do you have the numbers and the cost and he said yes and I told him, let me have the documents. He produced a document which detailed the number of pensioners year-by-year and the amount required year by year.
“No more gratuity based on who you know, it is batch by batch depending on when you retired. So I saw from the records that Obazele gave me that we have paid up to 2010. We have paid many people who retired in 2010 and according to the document, we had 130 persons who retired in 2010 who have not been paid and we had some other persons in 2011, 2012, 2013 and 2014.
“These numbers were stated clearly and he also stated clearly to me how much we required to pay for each year. For 2010, the figure was N175 million to settle the 130 persons. I said, OK, you let me have the names of these 130 persons for 2010 and the names of those who retired in 2011 through 2014 and the amount. The date of the retirement, the day of employment, the total number of years served which is the basis of calculating gratuity.
“One week passed, two weeks and by the 3rd week, I was watching news and I saw pensioners protesting but I had given instructions three weeks earlier that I want to pay these pensioners but I needed the details to do it.
“I told my secretary to call the Head of Service to submit all the details by 11am the next day since he already has the summary so we could start the process of payment. He should come also with the Pension Board Members and all the documents that have to do with pension payments.
“At 11am, they were in my office and they gave me a voluminous document. Just looking at it straight, I tried to look at 2010. Whereas the first document that was given says 130 pensioners have gratuity pending, the total value of which was N175 million, the new document shows 2010 that we have 377 people and we now need N490 million to pay them. For 2011, 2012, 2013, all the figures had changed.
“So I said, I don’t know all the details but 2010, I remember asking you, and you said many have been paid and that only 130 is the number left. So how has this number increased by 300% to 377? Obazele you are an Accountant, you have been Auditor-General, you have been Accountant-General, Permanent Secretary and now Head of Service. You more than me should be at home with figures, how do you explain this?
“The first thing he said was that, you know maybe they changed the mode of calculations. Maybe they are looking at when the papers were prepared rather than when people retired so I said, whatever formula you used, the number must remain the same. The total cost will not change. The only possibility of the numbers changing is if you have doctored the documents.
“In any case, the first document was given to me by you, prepared by ICT and this one you are giving me is also prepared by the same unit. Why should differences occur? If two people use different formula, I can understand.
This is the same source and then he said, ‘oh, I didn’t actually look at the documents’. I said, you didn’t look at the documents you brought to me?
“The document, four persons signed: Accountant and DFA Pension Board signed, Secretary Pension Board signed, Director, ICT Software signed, Permanent Secretary, ICT signed, four signatories .Now, if I hadn’t remembered what they gave me before, seeing four signatories, I would have approved it and the numbers had changed radically.
“Now, the simple thing was that in the past, when they bring this document, I normally minute it to the ICT to crosscheck. So now, they got ICT person to sign so that I have no escape route but trust, there was an escape route and I could see through it. So I called the Director of SSS to send me security officers to the pensions board to retrieve all the files so we could prepare fresh documents that would form the basis to pay those pensioners.
“As a result, my hope and determination to pay those pensioners before my 7th year anniversary was dashed. You see, I had the will, I had looked for the money but somebody in the Civil service compromised my intention by falsifying numbers. That is Civil Servants inhumanity to Civil Servants.
“We had to appoint a new audit firm and they have shown something that will shock you that in the Pensions Board, they prepared for 1 person, 2 pensions with 2 original documents. Same date of birth, same salary, everything same, but two original vouchers. So whereas the real man is old and dying, those that the government has put in place to prepare their pension are busy feasting on the lives of these senior citizens.
“We are disbanding the Pensions Board because they have lived on fraud. Now we are reviewing and re organizing even the ICT, clean it up and ensure we have responsible and competent people with character to man it.
“I believe and I am determined that before Christmas, not later than next week, we will do everything possible to commence the process of paying many of these pensioners whose records have been cleaned up.
“This is the reason I had to take the painful decision of relieving the former Head of Service of his job and in searching for replacement. I know a lady who had managed, easily the most difficult ministry and under whom we have sanitized the ministry of education.
“So I believe that Mrs. Idahor possesses not just the qualification and experience but also the boldness and I know that the service will be in very good hands.”
The governor explained that his decision was taken to protect the interest of the Pensioners and Edo taxpayers and does not have any ethnic or religious colouration.
In her response, the new Head of Service, Mrs. Idahor said, “I want to appreciate the Comrade Governor for finding me worthy of this elevation to the position of Head of Service.
“I want to assure you sir, that the trust and confidence you have reposed in me by this elevation will not be betrayed.
“I’m not unaware of the challenges facing the Civil Service but I want to believe they are not insurmountable. I promise, with God helping me, to re-orientate, reinvigorate and re-organise the public Service for better performance realizing that the Civil service is the engine room of the government.”
Source: Premium Times
Business
How RealtorMax became one of the fastest-growing real estate companies in Nigeria – Mike Adeyemi
How RealtorMax became one of the fastest-growing real estate companies in Nigeria – Mike Adeyemi
Nigeria’s real estate industry has witnessed significant growth in recent years, with many companies battling for a stake in the market.
However, RealtorMax, owners of Urbanmax Estate, Owode Obafemi, Ogun State and Aje: The Wealthy Residence, in Ibeju Lekki area of Lagos stood out to emerge as one of the fastest-growing real estate companies in the country.
Based in Lagos and founded a few years ago by Mike Adeyemi, an innovative young entrepreneur, Realtormax has achieved success in a relatively short period.
The company’s vision to redefine affordable housing in Nigeria and across Africa has been the driving force behind its operations, and it has remained committed to this mission since its inception.
According to Adeyemi, its commitment to developing new towns around the metropolis by not just selling lands but holding buyers by their hands and guiding them towards owning their dream homes whether luxury or affordable set apart the ambitous and fast growing firm from other real estate companies in Nigeria.
The company is not just a facilitator of land purchases; it takes a hands-on approach by engaging in project management, providing critical infrastructure, offering building materials at highly doscounted rates, providing amenities such as internet, banks and road, as well as consulting. This approach ensures that clients receive fully realised and developed their choice properties with minimal stress.
Adeyemi’s emphasis on integrity, quality, innovation and attention to detail have set a standard that has become the hallmark of RealtorMax ’s projects.
According to the CEO, RealtorMax has a line up of more innovative solutions that will redefine the landscape of real estate in Nigeria powered by technology and new thinking.
“With our plans which we shall be rolling out in due course, we will deploy technology to make not just home ownership smooth and worry free but will help many more become smart investors who will partake in amazing global real estate ventures, maximise profits and benefit from joint investment platforms,” he noted.
He added: “One of the notable projects currently being undertaken is the almost 500-acre Urbanmax Estate, located in the Owode Obafemi area of Ogun State, near the Shagamu Express Interchange, which sells for N1.3million per plot (500 SQM). The eco-friendly estate offers a range of residential and commercial options with modern amenities, providing residents with a comfortable and convenient lifestyle.
“In addition, RealtorMax Limited is also developing Aje: The Wealthy Residence, in the vibrant Ibeju Lekki area. This luxurious residential development showcases our commitment to delivering high-quality and prestigious homes for discerning buyers at N32millon per plot (500 SQM). So, we offer dream homes to all our customers whether their choice is luxury or affordability.
Both estates offer opportunities to enjoy eco-friendly homes with close proximity to Lagos metropolis.
Business
Nigeria Breweries-Felix Ohiwerei Education Trust Fund flags off 10th edition of Maltina Teacher of the Year Competition
Nigeria Breweries-Felix Ohiwerei Education Trust Fund flags off 10th edition of Maltina Teacher of the Year Competition
The Nigeria Breweries-Felix Ohiwerei Education Trust Fund has announced the call for entries for the much-anticipated 10th edition of the Maltina Teacher of the Year competition.
Entries for the competition open on Thursday, May 16, 2024, and will close on Friday, July 19, 2024. The competition remains a platform to appreciate and reward teachers for their significant contribution towards the development of the education sector in Nigeria, while inspiring excellence in teaching.
To participate, eligible teachers can visit the dedicated website (www.maltinateacheroftheyear.com) to complete the entry form online. Alternatively, they can download the form, complete it, scan it, and email the completed form to maltinateacheroftheyear@heineken.com
Speaking at the flag-off ceremony held in Lagos today, Managing Director, Nigerian Breweries Plc, Hans Essaadi who was represented by the Human Resource Director, NB Plc, Grace Omo-Lamai explained that the flag-off of this year’s edition represents the beginning of another journey to appreciating and celebrating the tireless efforts and dedication of teachers.
Essaadi stated that the company through the Felix-Ohiwerei Education Trust Fund remains unwavering in its commitment to supporting teachers in shaping future leaders and changing the lives of students for the better in Nigeria.
“The Maltina Teacher of the Year competition presents an opportunity to express our gratitude to teachers for the sacrifices they make, the extra hours they invest, and the guidance and mentorship they provide to ensure the success of our youth. Through this competition, we aim to recognize the efforts of teachers in the countless ways they have shaped our future. We acknowledge their selflessness, their passion for teaching, and their relentless pursuit of the growth and development of our nation,” he said.
He stated that it was exciting to note that other corporate organizations have come on board to be part of this transformative initiative, adding that Union Bank of Nigeria Plc and Woodhall Capital Foundation have been enlisted as main partners while First City Monument Bank and Alert Group are supporting partners for the competition.
In her keynote address, the Corporate Affairs Director, Nigerian Breweries Plc, Sade Morgan, disclosed that the competition remains a veritable platform to reward and inspire teachers for their invaluable contribution to the development of education and society at large.
Morgan stated that the platform aims to recognize and appreciate teachers for the stewardship of our most precious national resource – the youth.
“Indeed, our teachers continue to play their role effectively and, as such, deserve to be appreciated, recognized, and celebrated for what they have done, and what they continue to do, to make society what it is today, particularly in the human and national development,” she said.
She disclosed that secondary school teachers in both public and private schools are eligible to participate in the 10th edition of the Maltina Teacher of the Year competition.
Speaking on the reward earmarked for the winners, she noted that the overall winner for the 2024 edition would receive a trophy, a total cash prize of N10 million, and a capacity development training opportunity abroad while his/her school receives either a block of classrooms or a computer laboratory.
“The first runner-up of the competition will equally receive a trophy and a total sum of N3,000,000, while the second runner-up receives a trophy and a total sum of N2,500,000. All State Champions will be rewarded with recognition plaques and a cash prize of N1, 000,000 each”, she added.
In her remarks, Winner of the 2023 Maltina Teacher of the Year Competition, Adeola Adefemi while praising NB Plc for the competition stated that her emergence as winner has attracted pride, fame, and fortune.
According to Adefemi, the success has become a confidence booster and attraction to several global opportunities in the teaching profession.
Goodwill messages of support were delivered by representatives of the corporate partners and key stakeholders in the education sector, such as representatives of the Nigeria Union of Teachers (NUT), All Nigeria Confederation of Principals of Secondary Schools (ANCOPSS), and the Teachers Registration Council of Nigeria (TRCN).
The Maltina Teacher of the Year competition was established in 2015 and funded through the Nigerian Breweries-Felix Ohiwerei Education Trust Fund, which was set up in 1994 to facilitate an active contribution to the development of the education sector in Nigeria in line with the United Nations Sustainable Development Goal, SDG No.4.
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ABOUT THE MALTINA TEACHER OF THE YEAR COMPETITION
In 2015, Nigerian Breweries-Felix Ohiwerei Education Trust Fund introduced the Maltina Teacher of the Year, a national competition, to identify, honor, and reward outstanding teachers in Nigeria.
Maltina Teacher of the Year is proudly endorsed by the Federal Ministry of Education and other education stakeholders including the Nigeria Union of Teachers (NUT), All Nigeria Confederation of Principals of Secondary Schools (ANCOPPS), and Teachers Registration Council of Nigeria (TRCN).
ABOUT NIGERIAN BREWERIES-FELIX OHIWEREI EDUCATION TRUST FUND
The Nigerian Breweries-Felix Ohiwerei Education Trust Fund was set up in 1994 with a startup capital of 100 million Naira to enable sustained quality education through structured intervention in the sector.
The Fund has footprints across the six geographical zones in Nigeria at primary, secondary, and tertiary levels of education. Through the Fund, NB Plc has constructed and furnished over 400 classrooms, sanitary facilities, and libraries in 74 communities across the country. The Fund has also granted scholarships to deserving students in tertiary institutions
Business
I never received any Loan from FCMB, Algrain Foods Managing Director Tells Court By Ifeoma Ikem
I never received any Loan from FCMB, Algrain Foods Managing Director Tells Court
By Ifeoma Ikem
The Chairman/Chief Executive Officer of Algrain Foods Limited,
Chief Anthony Obidulu, on Wednesday the 16th of May maintained his stand before a Lagos High Court sitting in Osborne that First City Monument Bank (FCMB) never advanced any loan to him.
Rather, the money in question was the one hundred million naira (N100million) Small and Medium Enterprises Credit Guarantee Scheme facility granted his company by the Federal Government in which FCMB acted as agent as required by the guidelines issued by CBN.
He also told the court presided over by Honourable Justice (Dr.)R.O Olukolu while being led in evidence by his counsel, Chief Aloy C. Ezenduka ,that the money in contention was not just dropped into his accounts, but was paid upon request.
Algrain Foods Limited and its Chief Executive Officer, Anthony Obidulu, had sued the Bank and the Receiver Mr . Emmanuel Adeyeye, Oyebanji, SAN before the Court, claiming among others that the Receiver committed acts of trespass to Chief Obidulu’s property which is not part of the All Assets Debenture (Plant & Machinery) pledged to the bank to secure the facility as provided in the CBN guidelines and that the Court should appoint independent auditors, and grant the sum of N20 billion against the Bank.
The defendants are First City Monument Bank Plc and Mr. Emmanuel Adeyeye Oyebanji as 1st and 2nd defendants respectively.
He further told the court that he has been denied access to his personal premises since the dispute occurred.
According to Obidulu “there is a difference between his personal property and the property of the company, saying that it is only the plant and machinery that belongs to the company.
He contended that “the structures and the premises belong to me and I have the Certificate of Occupation (C of O) which is in my name but it is in the custody of the bank.”
He maintained that if they need the document, they can always ask from the bank.
He also said that the money he collected was guaranteed by CBN 80%. with 7 years tenure from draw down.
He was however cross-examined by the defence counsel, Mr Taiwo Osipitan , SAN.
The Claimant is also seeking the following claims: “The annual rent of N29million (Twenty Nine Million Naira) for the 1200 square meters on the premises leased to Mathan Nigeria Limited and six years rent totalling N174 million.
“The annual rent of two warehouses measuring 60 x 20 in length and width respectively at a joint current going rate for N60 million per annum for six
years which gives a total N360million.
“The annual rent of three warehouses measuring 40 x 15 in length and width respectively at an annual leasehold rent for N15million for each of them is N45,000,000.00 for six years totalling N270million.
“The annual rent of six Nos. 3 bedroom flats for living quarters at
N1.5million per annum for each flat for six years totalling N54million.
The annual rent for two Nos. 4 bedroom flats for living quarters at
N2million per flat for six years totalling N24million, among other claims.
In a press conference in March 2024, the Algrain boss had appealed to President Ahmed Tinubu and other authorities to intervene in the matter so as to return assets of the company illegally sold by the FCMB and its receiver manager.
Further hearing on the matter was adjourned to 26th November, 2024.
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