Connect with us
Advertisment

Business

OSUN 2018: APC IN THE HANDS OF ARCHENEMY*

Published

on

Northern APC

Advertisment

 

  • Highlighting some of the factors that is likely to cause hullabaloo to All Progressives Congress APC in Osun State.

 

Advertisment

Osun State recent electoral misfortune in the western senatorial district can not be easily forgotten,not with the margins at which the opposition triumphed in the previous election that made the dancing senator to emerged victoriously.

 

Divergent views and opinions were expressed,what is however cleared and monumental is the fact that APC has lost Nine against one, which was  a collosal loss if not disgraceful to say the objective truth.

Advertisement

 

We can not deemphasis various factors but rather term it as a bye product to the reproduction of  what made APC lost two federal constituencies in the last national election namely the Oriade Obokun and ife federal constituency.

 

One of the greatest factors affecting All Progressives Congress APC includes ;

 

*Hidden Ambitions*

Hidden ambition and the idea of fielding those gladiators to work for same elective position as campaign coordinators or mobilizer chairman for the same election they lost its ticket without consulting the winner or the candidates involved ,those silent pretenders sometimes become controller of funds ,men and women meant to work for the party victory,these are people who have unsettled score and malice with the same person aspiring election.

 

Apparently, The case is like asking the same person who seek obaship to be the one to crown the same person who emerged. This among others is said to be the reasons why ALL PROGRESSIVES CONGRESS APC in Osun State normally record downthrow in many areas.

 

*Power Tussle*

The same scenario is re-emerging in embryonic way, where ,One time Commissioner who once indicated his interest for the house of Representatives seat of Oriade Obokun is now said to be overhauling his structure ahead of others and without even consulting the sitting Governor of Osun State.

 

He is believed to be one of the richest and well blessed commissioner under the first term of Ogbeni Rauf Aregbesola.

 

Same also is the feelings from ife federal constituency on also a one time Commissioner in Osun State who is equally eyeing the federal house of Representatives seat.

 

Meanwhile, It is on record that these two grand styling gladiators had served under the government of Ogbeni Rauf Aregbesola as commissioners. The reasons for them not to be returned as commissioner was connected to top security report at government disposal and their roles as campaign chairmen and their superogatory ambitions.

 

These two personalities has been eyeing elective posts to satisfy their inner conscience, but the whipped of the Governor as cabinet members made them dropped their ambition and both  ironically became the campaign chairmen of their respective domain.

 

There goes the errors, It was very possible for them not to worked with their full hearts because election funds,materials and men were at their disposals, discretions and candidates were left at their mercies.

 

*Issue of Aggrieved Members*

This is contained in a press statement Diekola made available to journalists in Osogbo on Monday, saying members of the party are divided and that the party cannot win the governorship election of 2018.

 

“There is nothing romantic about crisis within a political family, but we can’t afford to condone a lie that has a tendency to drag us backwards in our quest to genuinely reposition the party ahead of 2018.”

 

“As a concerned party member, I have studied the press statement, I wish, I could maintain silence after reading the poorly calibrated speech. The urge to respond to some of the political notes extracted from the statement, is irresistible.”

 

“With much reluctance to believe that Barrister Kunle Oyatomi genuinely meant some of the notes averred in the party press statement. Further, it’s very doubtful that Barrister Kunle Oyatomi had all round consultation with party bigwigs before he rushed to the press and tagged the ‘brains’ behind the electoral success of Osun APC in the past, and before things fell apart ‘dissidents.

 

“The diction and tone of the press release worries me, it doesn’t reflect that important lessons had been learnt from the concluded Osun West Senatorial bye-election.”

 

“However, I’m politically tempted to sympathise with Barrister Kunle Oyatomi, as APC spokesman; he’s understandably handicapped and under intense political pressure to promote a facade of unity within Osun APC.”

 

“Recall, the same Barrister Kunle Oyatomi issued a press statement before the concluded Osun West Senatorial bye election where he dismissed and downplayed the existence of the aggrieved bloc within Osun APC. The outcome of the bye election pointedly punctured his lie and dismissed him as a naive party member constrained by the party position.”

 

“While I cautiously agree with Barrister Kunle Oyatomi that unlike Osun PDP, we have one chairman in the person of prince Gboyega Famodun and our Secretariat headquarters is along Gbongan- Ibadan Road in the heart of Osogbo, unfortunately, Oyatomi forgot albeit deliberately, to tell us the number of times the Famodun led APC state executives had met, when last it held meeting at the state party Secretariat and how many of its members in the state executives are currently aggrieved and uncomfortable with the leadership of prince Adegboyega Famodun?”

 

“The time has come to say the truth. Whist it might be inconvenient for the political cotton weights, and a handful of politicians without a solid political base, masquerading as friends and loyalists of governor Rauf Aregbesola. I believe we need to speak the truth. And the truth is this: Famodun’s leadership is the biggest albatross on the neck of Osun APC.”

 

“The failure of Osun APC state leadership became manifest when we lost Osun West bye election to the Peoples Democratic Party. If the leadership of the party in the state had guided the selection process of the party without public display of bias against one of the aspirants, may be, the result could have been much different.

 

“How would Barrister Oyatomi convince party members and political watchers that party leadership is in charge of a ruling party where a cabinet member gleefully appointed his brother in-law as SSA legal without a murmur from the party leadership.”

 

“Quite to the contrary, we are divided in Osun APC, but unlike PDP; we have one chairman whose politics and leadership style have divided the party into two major blocs.”

 

“With the tone and diction of the press statement released by Barrister Kunle Oyatomi, dismissing the ‘home based politicians’ in Osun APC as ‘dissidents’, there is nothing suggesting that the ‘hawks’ in Osun APC are comfortable with the reconciliation process initiated by the National Secretariat of our party.

 

“Notwithstanding this temporary setbacks, we, the home based politicians in Osun APC have absolute confidence in the national leadership of our party and strongly in support of its political efforts to reposition the party in the state ahead of 2018 governorship election,” the statement reads.

 

Now,the game has started again, the coast is becoming clearer and opinions of today is that their ambitions remained alive and seriously manifesting day by day.

 

This could not have just started within a short period. Let the judges  therefore learn to excuse themselves from this new game of governorship for history not to repeat itself again and again.

 

Advertisment
Continue Reading
Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

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

on

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

 

Advertisment

 

 

Advertisment

 

 

Mubi, May 3rd, 2024

Advertisement

 

 

 

 

 

 

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.

 

 

 

 

 

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

 

 

 

 

 

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.

 

 

 

 

 

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

 

 

 

 

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.

 

 

Advertisment
Continue Reading

Business

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

Published

on

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

 

Advertisment

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.

 

Advertisment

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: Inspiring Story Of An Ice block seller who became billionaire

 

Advertisement

 

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

Advertisment
Continue Reading

Bank

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

Published

on

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

 

Advertisment

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

 

 

Advertisment

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.

 

 

Advertisement

 

 

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.

 

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

 

 

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.

Advertisment
Continue Reading

Cover Of The Week

Trending