Business
‘They would have been rescued if they were daughters of Politicians’ – Tunde Bakara faults FG bitterly over Chibok Girls
The General Overseer, Latter Rain Assembly, Lagos, Pastor Tunde Bakare, has lampooned politicians and political parties for using the abduction of 219 Chibok schoolgirls to score cheap political points.
He noted that the nation had not given the issue the necessary thoughtfulness and seriousness it deserved, stressing that those who are in a position to act have not taken sufficient action towards addressing it or even towards calming the anxiety of the waiting Chibok parents.
The cleric said this in a sermon on Sunday during the thanksgiving service to mark the global action week in commemoration of the second anniversary of the abduction of the schoolgirls organised by the BringBackOurGirls coalition at the Unity Fountain, Abuja.
Bakare stated that the girls would have been rescued if they were children of the political and religious elite and appealed to President Muhammadu Buhari to prioritise their rescue in the midst of the numerous challenges before him. He stressed that the girls had become the symbols of the soul of the nation.
He said, “What do you think I would have done extra if my girl was involved? Have I done those things? What could have happened, if these were daughters of Emirs or the Prelate or Primate of the Anglican Church or Methodist Church? If any of them happen to be son of Pastor Adeboye not to mention sons or daughters of governors or president, what do you think would have happened on that issue?
“Am just asking a question, what do you think would have happened? We would have done more than we have done, the whole nation has failed these children and we must repent and that is why we must honour those of you (BBOG) who have made it to be on the front burner.”
Reading Isaiah 49:24-26 from the Holy Bible, Bakare urged the BBOG and the Chibok parents not to give up, saying the girls would be rescued alive from Boko Haram captivity.
He recalled that the past administration failed to act on ‘actionable intelligence’ that could have led to the rescue of the girls, noting that the government did not take the necessary steps to rescue them until there was a global outcry.
Bakare said, “It is most severely injurious to see that the fate of our daughters has been frequently politicised. Rather than rise to the occasion as stakeholders and custodians of the security and welfare of the citizens of this nation, political parties and politicians have paid lip service, using our pain and the plight of our daughters to score cheap political points.
“We are not convinced that the matter of our daughters has been given the needed thoughtfulness. We do not believe that those who are in a position to act have taken sufficient action towards addressing this issue or even towards calming our anxiety as waiting parents.”
The fiery cleric who spoke in an emotion-laden voice for about 35 minutes, expressed the conviction that the abducted girls were alive and could still be rescued, noting that there was no evidence, not even satellite photography, suggesting that they were in a mass grave.
“We have heard varied suggestions as to the fate of our girls. We have heard that some have been married off, that some have been sold as slaves, and that some are being held captive as human shields. We have heard that some have been radicalised, and there have been suggestions that they are now being groomed and deployed as suicide bombers. What we expect the government to do is to systematically analyse the possibilities with a view to eliminating impossibilities,” Bakare suggested.
The Convener, Save Nigeria Group, appreciated the government for the renewed military offensive and the gains recorded in the fight against Boko Haram, but added that the nation expected that the success would be translated into tracing the whereabouts of the girls or even finding some measure of closure for their parents.
“If they have been sold as slaves, to whom have they been sold? What are the locations of these slave buyers or dealers? Are they in the territories in which our girls had been held captive in the past? What attempts have been made to investigate or eliminate this possibility? Have they been sold beyond the Nigerian borders? What routes are there through which they could possibly have been taken?,” he asked.
Given the complex security nature of the abduction, Bakare noted that rescuing the girls might require special tactical military operations, details of which could not be publicly discussed.
This, he added, should not stop the government from creating a confidential information channel that would keep anxious parents abreast of the basic facts and show that, at least, the country cared for their daughters.
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
ASR AFRICA COMMENCES THE CONSTRUCTION OF A 500-CAPACITY LECTURE THEATRE AND FACILITIES WORTH 250 MILLION NAIRA FOR THE ADAMAWA STATE UNIVERSITY, MUBI, NIGERIA
Mubi, May 3rd, 2024
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.
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.
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.
Rano: Inspiring Story Of An Ice block seller who became billionaire
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.
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 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
Fidelity Bank records a 120.1% growth in PBT to N39.5bn in Q1 2024
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.
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.
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.
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