Business

Stanbic IBTC provides prosthetic limbs, education trust funds to 20 children

Published

7 years ago

November 2, 2017

#T4AL Pic 1: L-R: Chief Executive, Stanbic IBTC Holdings Plc, Mr. Yinka Sanni; Chief Executive, Stanbic IBTC Bank Plc, Dr. Demola Sogunle; Representative of the Minister of Health, Prof. Chris Bode; Non-Executive Director, Stanbic IBTC Holdings Plc, Mrs. Ngozi Edozien; Chairman, Stanbic IBTC Asset Management Limited, Mrs. Ifeoma Esiri; and Chief Executive, Standard Bank, Africa Region, Mrs. Sola David-Borha, during the flag off of the Stanbic IBTC 2017 “Together For A Limb” CSI Initiative Walk in Lagos, on Saturday, 28 Oct, 2017

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has provided 20 children with limb differences with prosthetic limbs and education trust funds under its signature corporate and investment initiative, ‘Together4 A Limb’. The provisions, the financial institution said, formed part of its commitment to see that every Nigerian child is given the opportunity to live a productive and fulfilled life.

A 4-kilometre charity walk to raise public awareness of children without limbs or limb differences was flagged off by the Guest of Honour, the Minister of Health, Prof Isaac Adewole, who was represented by the Chief Medical Director of the Lagos State University Teaching Hospital, Prof Chris Bode.

#T4AL Pic 2: R-L: Chief Executive, Stanbic IBTC Holdings Plc, Mr. Yinka Sanni; Non-Executive Director, Stanbic IBTC Holdings Plc, Mrs. Ngozi Edozien; a beneficiary prosthetic limbs & education trust donated by Stanbic IBTC, Hawa Mohammed; Father of the beneficiary, Mr. Mohammed during the presentation of cheques to beneficiaries of Stanbic IBTC 2017 “Together For A Limb” CSI Initiative in Lagos, on Saturday, 28 Oct, 2017

The charity walk was immediately followed by the presentation of cheques for the education trust fund to each of the latest beneficiary children, who had been successfully fitted with artificial limbs. This year’s seven beneficiaries were presented cheques by Prof Bode, Non-Executive Director, Stanbic IBTC Holdings Plc, Ms. Ngozi Edozien, and Chairman, Stanbic IBTC Asset Management Limited, Mrs. Ifeoma Esiri. In 2015 five children and in 2016 eight children benefitted from the initiative and received education trust funds and prostheses.

According to the Chief Executive of Stanbic IBTC Holdings PLC, Mr Yinka Sanni, the initiative is a key plank in the Group’s corporate social investment drive, which focuses on education, health and economic empowerment. He said the charity walk is an integral part of the initiative as it helps to draw attention to the plight of children with limb losses. He said the prostheses and education trusts Stanbic IBTC is providing for the children will not only help integrate them into society by boosting their self esteem but will also help them make something out of their lives.

“Stanbic IBTC contributes to society through our CSI initiatives and in several other ways. By providing prostheses and education trusts to indigent children with limb differences, we are assisting the children to live healthy and fruitful lives,” Sanni said.

#T4AL Pic 3: L-R: Mother of the beneficiary, Mrs. Loveth Azuka; Representative of the Minister of Health, Prof. Chris Bode; a beneficiary prosthetic limbs & education trust donated by Stanbic IBTC, Blessing Azuka; and Chairman, Stanbic IBTC Asset Management Limited, Mrs. Ifeoma Esiri, during the presentation of cheques to beneficiaries of Stanbic IBTC 2017 “Together For A Limb” CSI Initiative in Lagos, on Saturday, 28 Oct, 2017 /

The beneficiaries commended Stanbic IBTC for the assistance and expressed joy for the great opportunity given to them with the prostheses and the education trust funds. One of the beneficiaries, who spoke on behalf of others, Chinasa Akuma, said: “Thank you Stanbic IBTC for providing me and the others with artificial limbs and also helping with our education. The company will continue to do well and God will bless all the workers.”

Sanni reiterated the Stanbic IBTC Group’s commitment to assist, through its CSI initiatives, young Nigerians, particularly indigent Nigerians, to move forward in life and attain success.

Stanbic IBTC Holdings PLC, a full service financial services group with a clear focus on three main business pillars – Corporate and Investment Banking, Personal and Business Banking and Wealth Management. Standard Bank Group, to which Stanbic IBTC Holdings belongs, is the largest African bank by assets and market capitalization. It is rooted in Africa with strategic representation in 20 countries on the African continent. Standard Bank has been in operation for over 153 years and is focused on building first-class, on-the-ground financial services institutions in chosen countries in Africa; and connecting selected emerging markets to Africa by applying sector expertise, particularly in natural resources, power and infrastructure.

Business

Giraffe Global Magazine rebrands as Giraffe Global Africa

Published

9 hours ago

November 19, 2024

Sahara Weekly

Eureka!
Its 8 years of excellent media reportage for
Giraffe Global Magazine

….now rebrands as Giraffe Global Africa

Eight years ago, the idea of setiing up Giraffe Multimedia Communications, the Publisher of Giraffe Global Magazine was birthed by quintessential and well known journalist, Akin Sokoya. Gradually, the magazine has suddenly become a highflyer in the African media value chain. Aside publishing, Giraffe Media also controls an online platform tagged www.giraffeglobal.com.ng which is diseminating quality and up to date news and information globally.

Presently, the media company has rebranded it’s soar away and seasoned celebrity Journal to Giraffe Global Africa, which has also reflected in it’s online platform, www.giraffeglobalafrica.com.ng

According to the publisher/editor-in-chief of Giraffe Global Africa, Akin Sokoya noted that the reason for the rebranding has to do with the wider reach to more African countries and in diasporas.

“It’s exactly eight years that Giraffe Global Magazine, and it’s online platform www.giraffeglobal.com.ng has been in existence, and we deem it fit to give our readers and advertisers a better value for their money and data, and this culminated into rebranding the name, giraffe globalafrica, www giraffe globalafrica.com.ng.

Business

Ex-bank manager remanded

Published

21 hours ago

November 19, 2024

Sahara Weekly

Ex-bank manager remanded

A former new generation bank manager in the Iju branch, Abiodun Sanni, was on Monday remanded in the correctional centre by a Lagos State Special Offences Court, in Ikeja, over alleged N122,011,441 fraud.

Sanni was arraigned on 16 counts bordering on obtaining credit by false pretences, forgery, use of false documents and stealing by the Economic and Financial Crimes Commission.

The EFCC’s prosecution counsel, O. Adewunmi, told the court that Sanni committed the offences on or about February 24, 2020, in Lagos.

Adewunmi told the court that the defendant while he was the bank manager of the lju branch of Polaris Bank Limited, obtained credit in the form of a loan in the sum of N17m, for one Bamgbose Tayo Taofia trading under the name and style of Banut Haulage.

The prosecutor said that the money was obtained from Polaris Bank Limited, by the false pretence that the loan had collateral in the form of a fixed deposit account number 0071572791, worth N111,540,380.52 belonging to Yinkus Multibiz Ventures and that the owner, one Mrs Olayinka Hannah Aderibigbe, consented to it being used as collateral.

He was also alleged to have dishonestly converted a Polaris Bank Limited fixed deposit account number 0071277522 worth N15, 011,441.00 (Fifteen Million, Eleven Thousand, Four Hundred and Forty-One Naira) belonging to Atolagbe Joshua Tinuoye, to his use.

The prosecutor, urged the court to remand the defendant at the correctional centre, pending his trial date.

“My Lord, the prosecutor intended to call 10 witnesses regarding this case and we urge the court to remand the defendant in custody”, Adewunmi said.

But the defence counsel, Osho Oludoshu, told the court that he had filed a bail application on behalf of his client.

In a short ruling, Justice Olubunmi Abike-Fadipe adjourned the case and ordered that the bail application should be submitted to the court before the date of trial.

“I adjourn this case to Match 6 and 19, 2025, and I remand the defendant at the correctional centre. They are entitled to bring a bail application before his trial date”, the judge held.

Business

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

Published

1 day ago

November 18, 2024

Sahara Weekly

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.