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‘You are a son of Darkness, you should be arrested’ – APC Blast Peter of Psquare over comment on FG Policy to stop shooting Videos abroad

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7 years ago

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The All Progressives Congress(APC) youth renaissance group has fired a stinker at Peter Okoye of P-square for insulting the Federal government of Nigeria.

In a statement signed by the group’s national secretary, Mr Collins Edwin and made available to PoliticsNGR, the APC described Okoye as a ‘son of darkness’.

The statement read in full;

We read the scurrilous remarks credited to Mr Peter Okoye of the Psquare group against the Federal Government’s job-saving policy in the entertainment industry with great anger and vexation.

Least of all persons to make scathing remark against the government is the Psquare group which the local content policy of the Federal Government dusted-up from the valley of obscurity.

Where was Peter Okoye or Psquare brand in 1999 when foreign music dominated our airwaves? If not for the government policy which mandated all broadcast stations in Nigeria to pay attention to Nigerian music by playing 95 percent of Nigerian songs every day, would Peter Okoye or Psquare be known to anybody in Nigeria today? Or would they have competed with better American music which dominated our airwaves then?

After the government have used its policy to brush them up from nothing to something; instead of giving opportunity to other people, they are taking Nigerian jobs to foreign countries through the shooting of music videos abroad.

Now that government have intervened to raise great and better entertainers again, Peter Okoye has the gut to insult the entire Federal Government by calling our great leaders ‘Ndi Ala’ which means mad and stupid people. How dare you say that Psquare?

We, therefore, urge the security agencies in the country to arrest Mr Peter Okoye for disrespecting our government and bringing it to a disrepute. If you cannot produce in Nigeria and hire Nigerians, then leave the industry.We must export Nigerian culture to the outside world through our music and videos.

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Sahara weekly online is published by First Sahara weekly international. contact saharaweekly@yahoo.com

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FIRSTBANK MAINTAINS IMPRESSIVE PERFORMANCE, POSTS N238.53BN PBT IN Q1 2024

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2 days ago

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June 1, 2024

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FBN Holdings Plc declared N238.53 billion profit before tax (PBT) in its unaudited first quarter (Q1) ended March 31, 2024 results, which was about 325.2percent growth from the N56.1 billion reported in Q1 ended March 31, 2023.

The Q1 2024 results was a reflection of 2023 impressive performance as one of the oldest banks in Nigeria sustained its fundamentals amid domestic and foreign challenges.  From its Q1 2024 profit & loss figures, the Group declared N208.1 billion profit, which was about 315.8 per cent compared with the N50.1 billion reported in Q1 2023.

The group announced N730.3 billion gross earnings in Q1 2024, which was an increase of 181.4 per cent from N259.5 billion in Q1 2023.

Amid hike in Monetary Policy Rate (MPR), the financial institution declared N455 billion interest income in Q1 2024, a growth of 153.3 per cent from N179.6 billion in Q1 2023, while interest expenses closed Q1 2024 at N226.42 billion, representing 234.1per cent increase from N67.76 billion reported in Q1 2023.

On the backdrop of a double-digit inflation rate, operating expenses moved from N111.2 billion in Q1 2023 to N212.80 billion reported in Q1 2024.

Total assets from the balance sheet position stood at N21.58 trillion as of March 2024, which was a 27.4 per cent increase from the N16.94 trillion recorded in 2022.

As FBNHoldings declared N8.42 trillion Customer loans & advances (Net) as of March 2024 from N6.36 trillion in 2023, full financial year, its customer deposits stood at N13.27 trillion as of March 2024, an increase of 24.4 per cent from N10.66 trillion reported in 2023 financial year.

The Group Managing Director, FBNHoldings, Nnamdi Okonkwo in a statement said, “FBNHoldings’ strong start to the year reinforces the confidence in achieving targets and delivering sustained value for our shareholders. “Our commitment to optimising the Group’s earnings capacity and maximising operational efficiencies has again delivered outstanding results.

“Underpinned by strong revenue growth and improved operational efficiency, our key financial metrics have shown significant improvement. Remarkably, gross earnings grew 181.4per cent to N730.3 billion, while profit before tax increased by 325.2per cent to N238.5 billion while our total assets increased by 27.4per cent in three months to N21.6 trillion.”

He added that the Group remained focused on its strategic initiatives towards further improving profitability, enhancing excellence in performance and surpassing stakeholders’ expectations.

However, the shareholding structure of FBNHoldings showed, the Group Chairman, Mr. Femi Otedola direct and indirect stake in the Group stood at 2,517,282,140 as of March 2024 from 1,999,342,376 March 2023.

The stock price of FBNHoldings closed March 27, 2024 at N21.1 per share on the floor of the Exchange.

Culled from ThisDay

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ASR AFRICA KICK-OFF THE CONSTRUCTION Of a WORLD-CLASS RESEARCH LABORATORY FOR FEDERAL UNIVERSITY, LOKOJA, KOGI STATE

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2 days ago

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May 31, 2024

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ASR AFRICA KICK-OFF THE CONSTRUCTION Of a WORLD-CLASS RESEARCH LABORATORY FOR FEDERAL UNIVERSITY, LOKOJA, KOGI STATE

The Abdul Samad Rabiu Africa Initiative (ASR Africa) has commenced the construction of a world-class research laboratory for the Federal University Lokoja, Kogi State.
ASR AFRICA KICK-OFF THE CONSTRUCTION Of a WORLD-CLASS RESEARCH LABORATORY FOR FEDERAL UNIVERSITY, LOKOJA, KOGI STATE
This is in continuation of ASR Africa’s various strategic commitments to the nation’s tertiary education interventions. The world-class research laboratory is one of its many interventions under its Tertiary Education Grants Scheme (TEGS), drawn from ASR Africa’s US$100 million Fund for Social Development and Renewal.
Speaking at the groundbreaking event for the project, the Vice Chancellor of the University, Prof. Olayemi Akinwumi, expressed his gratitude to the Chairman of ASR Africa, for his kind benevolence towards the University. He stressed that the project would address the challenge of infrastructure deficit, especially in the area of research, facing the institution and provide a learning platform for discoveries, innovations, and scientific advances in physical and life sciences.
In his response speech, the MD/CEO of ASR Africa, Dr Ubon Udoh, thanked the management and students of the University for the warm reception accorded to him and his team. He reiterated the commitment of the Chairman to supporting quality education within tertiary institutions in Nigeria. He encouraged the management and students to ensure proper use and maintenance of the facility as a show of appreciation for the grant.
The ASR Africa grant and award process began in December 2022 and the confirmation of the university’s nomination was met with great joy by the university community. At that time, the Vice-Chancellor described the gesture as a Christmas/New Year gift from God to him and the University. The Tertiary Education Grant Scheme of the ASR Africa is a personal commitment of the Chairman of ASR Africa and BUA Group, Abdul Samad Rabiu, to give back to the African continent and to make an enduring 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.

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ZENITH BANK LAUNCHES STATE-OF-THE-ART DIGITAL SCREEN AT AJOSE ADEOGUN ROUNDABOUT

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2 days ago

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May 31, 2024

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ZENITH BANK LAUNCHES STATE-OF-THE-ART DIGITAL SCREEN AT AJOSE ADEOGUN ROUNDABOUT

ZENITH BANK LAUNCHES STATE-OF-THE-ART DIGITAL SCREEN AT AJOSE ADEOGUN ROUNDABOUT

 

Zenith Bank Plc, on Thursday, 30th May 2024, launched a state-of-the-art digital/LED screen at Ajose Adeogun Roundabout, solidifying its commitment to innovation and community engagement. The monumental digital installation, an upgrade from its previous LED screen launched in 2013 at the same location, features a resolution of 3936×960 pixels compared to the previous 1024×256 pixels. Measuring 6.4×6.4 metres, it represents a significant investment in enhancing the urban landscape while providing a dynamic platform for advertising, information dissemination, and public engagement. Positioned strategically at one of Lagos’ busiest intersections, the screen will captivate audiences with high-definition visuals and dynamic content.

 

Speaking during the launch, the outgoing Group Managing Director/Chief Executive of Zenith Bank Plc, Dr. Ebenezer Onyeagwu, expressed his delight in the landmark digital infrastructure and lauded the efforts of Institutional Quantum for facilitating the project. He remarked, “When the idea of upgrading this LED screen came up earlier this year, I was initially sceptical, believing our current standard was sufficient. However, once presented with a graphic illustration of the proposed upgrade, I had no choice but to agree, asking, ‘How soon can we have this installed?’ I want to thank Quantum for their foresight and innovative spirit, which has resulted in this imposing and outstanding LED screen. It has been about 13 years since we installed the old screen, and the transformation is remarkable. The previous screen had a resolution of 1024×256 pixels, while the new one boasts 3936×960 pixels—a 14-fold increase in resolution, density, and visual capabilities. The new screen offers a 3D effect, making it a live, illuminating, and exciting display that leaves a lasting impression on viewers.”

 

He added, “At Zenith, our focus is not solely on profit; we also prioritise community welfare. From its inception, Zenith has been a digitally-led organisation, a vision our Founder instilled. Our motto, ‘People, Technology, and Service,’ guides our actions. It’s not just about the messages we send but about the connections we create with people. This facility is captivating and enriching, creating bonds and attractions.”

 

Mr. Bardia Olowu, a representative of Institutional Quantum, also spoke, expressing gratitude to Zenith Bank’s management for their unwavering support. He said, “We at Institutional Quantum sincerely thank Zenith Bank, particularly Dr Ebenezer Onyeagwu, for his tremendous support over the years. We commend his innovative mindset, which consistently keeps Zenith at the forefront. We are proud to launch this 3D screen under his leadership.”

 

Designed to seamlessly blend with the urban environment, the digital/LED screen boasts advanced technology, ensuring optimal visibility day and night, regardless of weather conditions. From vibrant advertisements to holiday greetings, the screen will serve as a dynamic platform for communication and engagement.

 

Zenith Bank’s track record of excellent performance, especially in innovation and technology, has earned the brand numerous awards. These include being recognised as Best Bank in Nigeria for the fourth time in five years (2020 to 2022 and 2024) in the Global Finance World’s Best Banks Awards; Best Bank for Digital Solutions in Nigeria in the Euromoney Awards 2023; Best Commercial Bank, Nigeria; and Best Innovation in Retail Banking, Nigeria in the International Banker 2022 Banking Awards.

 

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