FirstBank Hosts Inaugural China-Africa Interbank Association Forum; reiterates its commitment to promoting trade, financial cooperation and Economic Development.

FirstBank, the premier West African financial institution and financial inclusion service provider has announced its hosting of the first-ever China-Africa Interbank Association (CAIBA) Forum to strengthen economic ties and investments between China and Africa. The forum, themed “Joining Hands to Advance Modernisation and Strengthening China-Africa Trade, Industrialization and Economic Diversification,” will take place on November 27, 2024, at the Fraiser Suites Abuja.

Established in 2018, CAIBA marked a significant milestone in fostering financial cooperation between China and Africa, comprising 16 African banks, including FirstBank, and China Development Bank (CDB) as well as ABSA Bank, West African Development Bank, Central African States Development Bank, Eastern and Southern African Trade and Development Bank, Development Bank of South Africa, Ecobank, United Bank for Africa, RawBank with the aim to enhance partnerships in various spheres, such as infrastructure interconnection, international cooperation, and cultural exchange. This initiative was driven by the need to address the funding gap in Africa for industrialization, infrastructure, and poverty alleviation.

The CAIBA Forum which will be co-hosted by China Development Bank offers a unique opportunity for knowledge sharing, networking and deal making, for the purpose of fostering a win-win cooperation and promote joint development among member-banks. Formerly convened only in Beijing, the Forum will now provide a unique platform to spotlight Nigeria’s pivotal role in the growing China-Africa economic relationship as the host country.

Intrinsically woven into the fabric of the society and with its extensive network across Sub-Saharan Africa, UK, and China, FirstBank provides unparalleled access to markets, to facilitate trade and investment flows between China and Africa.

Additionally, FirstBank’s expertise in financial inclusion, trade finance, corporate and investment banking positions it as an ideal partner with China Development Bank with key strengths in inclusive and sustainable financial solutions in driving this important initiative to support Chinese and African businesses.

Speaking about the forum, the CEO of FirstBank Group, Mr. Olusegun Alebiosu, said, “We are honoured to host this pivotal event that fosters dialogue and collaboration between Chinese and African financial institutions. This forum reinforces our commitment to bridging the gap between Africa and China, catalyzing economic growth and development. The selection of FirstBank as the host is a testament to our rich legacy, deep expertise in African markets, and an impressive 130-year history of empowering businesses and communities to thrive. We are proud to support the continent’s economic transformation and growth and remain dedicated to exploring the partnership opportunities this forum will bring for the mutual benefit of China and Africa.”

Participants will have the chance to engage with government officials, business leaders, and financial experts from both regions. Expected guest speakers include His Excellency, the Vice President of Federal Republic of Nigeria, the Governor of the Central Bank of Nigeria, Minister of Trade, Industry & Investment, MD of China Development Bank, Federal Capital Territory (FCT) Minister, Governors of Lagos, Kano and Anambra States; Ambassadors from countries of CAIBA members, President and Chairman of the Board of Directors of the African Export–Import Bank, Representatives from the China-Africa Development Fund, and many industry leaders, policymakers, and experts to explore opportunities for cooperation and mutual growth.

In addition, the CAIBA Forum will feature a plenary session which include Dr. Abiodun Adedipe – Founder & Chief Consultant BAA Consult, David Ofosu-Dorte – Senior Partner, AB & David Africa, A Pan-African Law Firm, Ugo (UgoDre) Obi-Chukwu – Publisher Nairametrics, Wole Adeniyi- CEO, Stanbic IBTC, Bamidele Abu- CEO, ABSA Nigeria Capital Markets, Mrs Kouassigan Dovi Eliane Khady – Head Financial Institutions West African Development Bank (BOAD). Other exciting line-ups include a trade exhibition, keynote speeches, and networking events that will explore the latest trends and opportunities in China-Africa cooperation.

The establishment of CAIBA is a positive development that has the potential to significantly impact the economic landscape, actively shaping economic future and fostering partnerships that drive sustainable growth and prosperity of both China and Africa.

Ofada Boy Marks 15th Anniversary, Set To Hold OFD 6.0 In Lagos on December 1

Nigerian’ leading outdoor and restaurant brand, Ofada Boy marks 15th year anniversary of offering indigenous and healthy meals across various strata of audiences, the company is also set to hold the highly anticipated 6th edition of the annual Ofada Rice Day festival.

The biggest indigenous food festival, will take place on Sunday December 1, 2024, at the prestigious Muri-Okunola Park, Victoria Island, Lagos.

This year’s event, themed “Ofadabration 2.0,” promises to be an exciting family fun-fair outing, curated to allow attendees to enjoy good food, entertainment, packed networking and fun time. Some of Nigeria’ high profile compere and artistes are lined-up to stir the show.

They include, Gbenga Adeyinka as the host of the event, Alex Osho, Hyenana and other big artistes confirmed are Reminisce, Reekado banks, May-D, amongst others.

“We are excited to bring this unique experience to Lagosian once again,” said, Tobi Fletcher, Conveners of the Ofada Rice Day Festival and Chief Executive officer Ofada Boy. “With the partnership of the Lagos State Ministry of Agriculture and Food Systems and endorsement of the Federal Ministry of Arts and Culture, we aim to promote food security, good health, agricultural prosperity, and Nigeria’s rich cultural heritage which forms a major fabric of our vision to support and promote our own brand of rice.”

The festival will showcase over 30 indigenous food varieties, provide vital information to support local farmers, and impact agro-tourism by attracting tourists interested in experiencing Nigeria’s culinary traditions.

Commenting on the festival and the company’ anniversary, the Chief Operating Officer, Mrs. Oyinda Fletcher, expressed her joy for the support the brand has enjoyed in the fifteen years of providing food experience to clients at every touch points. She submitted that the 6th edition of Ofada Rice Day festival promises to give all stakeholder, partners and participants a never to forget experience.

Partnership and Endorsement

The Lagos State Ministry of Agriculture and Food Systems has partnered with Ofada Rice Day, while the Federal Ministry of Arts and Culture has endorsed the event, demonstrating their commitment to promoting agriculture, food security, arts, and culture.

About Ofada Day

The World Ofada Rice Day Festival celebrates Nigeria’s cultural heritage, exquisite food, fashion, and diverse cultural expressions. With over 20,000 guests across five editions, this event has become a staple in the Lagos social calendar.

Event Details

Date: Sunday December 1, 2024

Time: 11 am

Location: Muri-Okunola Park, Victoria Island, Lagos

Hosts: Gbenga Adeyinka (GCFR), MC Hyenana, and other entertainers

Estimated Guests: Over 8,000

Indigenous Food Varieties: Over 50

Attendance is free, while registration is compulsory. You can register on www.ofadaboy.com.ng

Contact

For more information, sponsorship, or vendor opportunities, please contact: Oyinda and Tobi Fletcher (Conveners, Ofada Rice Day Festival)

[07083800003 ]

[[email protected] ]

MICHAEL OKOH: A VISIONARY LEADER IN BANKING AND BUSINESS

BY
CHINEDU NSOFOR

Michael Okoh stands as a paragon of professional excellence, blending a profound educational background with over 18 years of illustrious experience in the banking sector. Armed with a Master’s in Business Administration and a Bachelor’s degree in Agriculture, Okoh has traversed diverse terrains within the financial landscape, showcasing an unwavering commitment to excellence, team success, and societal impact.

Education and Training

Okoh’s educational journey commenced at the Institute of Continuing Education in Benin City, Edo State, where he obtained his Senior School Certificate. Subsequently, he pursued his passion for agricultural science at the University of Benin, graduating with a Bachelor’s degree. His thirst for knowledge led him to the Chartered Institute of Marketing of Nigeria, where he achieved Foundation A Passed status. Over the years, he continued to hone his skills, obtaining certifications from prestigious institutions such as the Chartered Institute of Economics of Nigeria, the Tekedia Institute, and expertise in SME inputs, among others.

Professional Accolades

Throughout his career, Okoh has garnered numerous accolades, a testament to his exceptional performance and leadership. Noteworthy among these are the commendations received during his tenure at the United Bank for Africa Plc (UBA), where he consistently exceeded profit targets and spearheaded digital banking initiatives. His contributions earned him recognition as a High Achiever and a leader in customer experience enhancement. Outside the banking realm, Okoh’s expertise as a professional SME consultant and trainer was honored with the Productivity Merit Award by Timeswatch News Magazine. Additionally, his dedication to the development of SMEs in Nigeria was acknowledged by the Junior Chambers International (JCI), further underscoring his commitment to societal advancement.

Career Trajectory

Okoh’s career trajectory reflects a relentless pursuit of excellence and continuous growth. Since joining UBA in 2013, he has held pivotal roles, including work as Branch Operations Manager, Internal Control, and Internal Audit before transitioning to marketing as a Salesperson, and later as Branch Manager at various locations such as Oghara Business Office in Delta State and Ikpoba Hill Business Office in Benin City. Under his leadership, these branches experienced significant transformations, from revitalizing profitability to fostering robust customer relationships. As Profit Centre Manager and Relief Business Manager at UBA’s Sapele Road Branch and Uselu Branch respectively, Okoh demonstrated versatility in driving revenue growth, managing risk assets, and championing regional value chain initiatives. His proactive approach and strategic acumen have been instrumental in navigating challenging operational landscapes and achieving sustainable business outcomes.

Vision and Impact

Beyond his professional pursuits, Okoh’s vision extends to creating a dynamic and inclusive work environment where hard work is celebrated and rewarded. His entrepreneurial spirit, coupled with a deep-seated commitment to social responsibility, underscores his desire to make a positive difference in society.

With a relentless pursuit of excellence and a track record of success, Michael Okoh epitomizes the essence of visionary leadership in banking and business. His journey serves as an inspiration to aspiring professionals, showcasing the transformative power of dedication, integrity, and a passion for driving positive change.