Business
ZENITH BANK MAINTAINS POSITION AS ‘BEST CORPORATE GOVERNANCE FINANCIAL SERVICES’ IN AFRICA FOR THE FOURTH CONSECUTIVE TIME
Published
4 months agoon

ZENITH BANK MAINTAINS POSITION AS ‘BEST CORPORATE GOVERNANCE FINANCIAL SERVICES’ IN AFRICA FOR THE FOURTH CONSECUTIVE TIME
For the fourth consecutive year, Zenith Bank Plc has been named as the Best Corporate Governance ‘Financial Services’ Africa 2023 by the Ethical Boardroom. The award, which was published in the Spring 2023 edition of The Ethical Boardroom magazine, is in recognition of the bank’s adherence to global best practices and institutionalization of corporate governance, setting an industry-wide example of best practices in that field.
Speaking on the recognition, the Group Managing Director/Chief Executive of Zenith Bank Plc, Dr. Ebenezer Onyeagwu, said: “I am extremely pleased that Zenith Bank has been awarded the Ethical Boardroom Corporate Governance Award as a regional governance champion for the fourth year running. No doubt, the bank’s board has pioneered the exemplary governance culture for which we are now renowned. Indeed, this recognition reflects our steadfast commitment, discipline and high ethos in the conduct of our business and dedication to the principles of good corporate governance. This award will motivate us to strengthen this culture internally and advocate for good governance at every forum”.
He dedicated the award to the Founder and Group Chairman, Jim Ovia, CFR, for providing the template for an enduring and very successful institution; the Board for their vision and outstanding leadership; the staff for their dedication and commitment; and the bank’s customers for their unwavering loyalty to the brand.
Ethical Boardroom is a trailblazing and leading international magazine that delivers in-depth coverage and critically-astute analysis of global corporate governance issues to help boards stay ahead of the governance curve.
Zenith Bank has been generally adjudged a Corporate Governance compliant bank by the Nigerian Exchange (NGX) hence its listing on the Premium Board of the Exchange. The bank continues to sustain this reputation and reappraise its processes to ensure that its business conforms to the highest global standards at all times.
The bank’s track record of excellent performances has continued to earn it numerous awards including being recognised as the Number One Bank in Nigeria by Tier-1 Capital, for the 13th consecutive year, in the 2022 Top 1000 World Banks Ranking published by The Banker Magazine; Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards 2020 and 2022; Best Bank in Nigeria, for three consecutive years from 2020 to 2022, in the Global Finance World’s Best Banks Awards; Best Commercial Bank, Nigeria 2021 and 2022 in the World Finance Banking Awards; Best Corporate Governance Bank, Nigeria in the World Finance Corporate Governance Awards 2022; Best Commercial Bank, Nigeria and Best Innovation In Retail Banking, Nigeria in the International Banker 2022 Banking Awards. Also, the bank emerged as the Most Valuable Banking Brand in Nigeria in the Banker Magazine Top 500 Banking Brands 2020 and 2021, and Retail Bank of the year, for three consecutive years from 2020 to 2022, at the BusinessDay Banks and Other Financial Institutions (BAFI) Awards. Similarly, Zenith Bank was named as Bank of the Decade (People’s Choice) at the ThisDay Awards 2020, Bank of the Year 2021 by Champion Newspaper, Bank of the Year 2022 by New Telegraph Newspaper, and Most Responsible Organisation in Africa 2021 by SERAS Awards.
Sahara weekly online is published by First Sahara weekly international. contact saharaweekly@yahoo.com

Business
BUA Crashes The Price Of Cement To 3,500 Per Bag, Promises Further Reduction {see full text}
Published
2 hours agoon
October 1, 2023
BUA Crashes The Price Of Cement To 3,500 Per Bag, Promises Further Reduction {see full text}
BUA Group has proven itself as an organization that promises and delivers. This is not unconnected to the fact that BUA Cement has decided to bring down the price of Cement effective October 2, 2023.
According to a statement from the Cement manufacturer, the organization decided to bring the price reduction forward rather than waiting till when its new production lines were completed as it had earlier promised.
Based on the latest development, the ex-factory price has now been fixed at 3,500 NAIRA per bag, ‘so that Nigerians can begin to enjoy the benefits of the price reduction even before the completion of the new plants’.
The statement further revealed that upon completion of the new plants which will increase BUA production volume to 17million Metric tons per annum, the company intends to further review downwards the price of cement by first Quarter of 2024 in line with earlier promise.
See full text of the statement below:
Business
“I am Sorry; I don’t Know What Came over me – Chioma Egodi Jnr Tenders Apology to Erisco Foods Over Misleading Facebook post
Published
1 day agoon
September 30, 2023
*“I am Sorry; I don’t Know What Came over me – Chioma Egodi Jnr Tenders Apology to Erisco Foods Over Misleading Facebook post*
Facebook user, Chioma Egodi Jnr, has again come out to tender her apology to ERISCO Foods for her distorted claim against the leading indigenous food processing company.
“I apologise for any discomfort or inconveniences my actions may have caused by its release on the social media loop,” Egodi stated.
But her apology has elicited mixed reactions: while some condemned her for misleading Nigerians, others believe she may have been paid to bosh the image of the leading indigenous food processing company.
It will be recalled, on September 17, Egodi had alleged on her Facebook page, highlighting the high sugar content in the tomato paste and inviting her followers who might have used the same product to share their opinions.
In her apology letter, Chioma Egodi said she realized that she made a weighty mistake by lying about the product. She said she was deeply sorry for the harm she caused to the company, its customers and the public. She also said she would retract all her earlier posts on the matter immediately and do anything within her power to rectify all the things she did wrong.
In her words;
_“I sincerely wish to apologize to Erisco Foods Limited for the post I made on Facebook about their product Nagiko Tomatoe mix._
_“I am truly sorry Sir. I am sorry for the lies concerning the product. I am truly sorry Sir._
_“I regret my actions and wish to be forgiven._
_“I pledge that this type of bad behaviour will never happen again._
_“I undertake to retract all my earlier posts on this matter immediately, this is without compulsion._
_“I will do anything within my power to rectify all the things I did wrong concerning this matter._
_“Once again I’m very sorry for the damage done to the company, its customers and the general public._
_“Thank you Sir.’_
It is important to know, that the apology letter was duly signed by Chioma Egodi as the one who perpetrated the false claim and also signed by the husband as witness.
Media had earlier reported that the CEO of Erisco Foods Limited, Mr. Eric Umeofia vowed to sue Mrs Egodi for N5billion over the false review. He said the company suspected that Chioma Egodi was not a genuine customer and could not provide any proof to support her claim.
However, Mr. Eric Umeofia, has said that he has accepted Mrs Egodi’s apology and that he may withdraw the lawsuit against her provided if she will go ahead to post the hand written apology letter to the company on her Facebook page as agreed but if she failed to post it, the company would have no choice than to proceed with the N5billion lawsuit.
Defending the quality of Nagiko Tomato Mix, the National Agency for Food and Drug Administration and Control (NAFDAC) has released a statement saying, “the presence of sugar in Erisco’s Nagiko tomato mix is safe for consumption and is duly approved by the agency.
NAFDAC said, the product in question – Nagiko Tomato Mix by Erisco Foods Limited with NAFDAC Registration Number A8-7430 is duly registered.
“Sugar is added to these products for a number of reasons, including but not limited to masking bitterness, enhancing colour and flavour, improving texture and taste consistency, and as a preservative.
The safety limits of sugar in food products are determined by NAFDAC, and only sugar-containing products within these safety limits are approved by NAFDAC,” the statement read.
Business
Osahon Okunbo: A philanthropist Nigerian international business man
Published
1 day agoon
September 30, 2023
Osahon Okunbo: A philanthropist Nigerian international business man taken his rightful position in the league of achiever
Sahara Weekly Reports That Osahon Okunbo, a prominent figure in Nigerian international business, continues to ascend the ranks of high society, which recently seen him receiving recognition in New York, USA, during an official tour that included a meeting with President Bola Ahmed Tinubu, organized by Senator Asuquo Ekpenyong is no more news but how this visionary leader unwavering commitments to fostering a positive change within his community and beyond is what many people are marvel at His vision, leadership, and dedication, take him to the pinnacles of someone who cares deeply about making a positive impact on the society and the environment, and this he has seen him initiated many projects and programs that reflect his good intentions to people who surrounded him.
Despite his tight schedule, this young man still has time for his staffs, a very meticulous who pays great attention to detail. He always reviews every document, presentation, and report before approving or sending them. Though he also expects the same level of quality and accuracy from his staff and colleagues, and with his loads of success and achievement so far it could be stated that this international man has not disappointed in delivery of good things.
A very passionate man who adores charity work, especially in the areas of education, health, and environmental sustainability. He has donated generously to various causes and organizations, and he also participates actively in fundraising events and campaigns. He often visits the beneficiaries of his charity work and listens to their stories and feedback.
Though he faces some challenges in managing his time and workload, but the ambitious in him often makes him to work long hours and takes on multiple responsibilities, which sometimes affects his health and well-being, but he is still not relent in making sure he got to the zenith of a success. He also struggles to balance his work and personal life, as he has a large family that he loves and cares for.
While his passion for making a difference is unquestionable, he still believed there is room for Improvement. “I always feel flattered whenever people eulogizing my philanthropist way of life or praise me, but to me have not done anything, like I always tell people it is always my joy and happiness see people happy too”.
Okunbo has established a clear vision and direction for his organization. And so, the staff and colleagues are committed to delivering high-quality results. His passion for making a difference and creating value, is been driven by a sense of purpose and mission to contribute positively to the society and the environment.
“ His curiosity for learning and exploring new possibilities. He is always eager to acquire new knowledge, skills, or insights that could help him improve himself or his organization… His pride for excellence and achievement. He is always striving to deliver the best results, meet, the highest standards, or surpass the expectations.” Chorused his staffs when they were asked to comment on their indefatigable chairman
They continued
“He emphasizes the importance of maintaining a balance to ensure sustained effectiveness. By implementing effective time management techniques and setting clear priorities, he can strike a better balance between his professional and personal life, ultimately increasing his efficiency and well-being. What excites us about working alongside our chairman is the opportunity to witness the direct impact of our efforts on the community. His passion is contagious, and the potential for positive change is limitless. Also, the dynamic nature of our industry is truly exhilarating. We are excited about the constant innovation and opportunities for positive change. It’s a field where we can make a tangible impact on people’s lives.”
They concluded
Obviously, his expectations are lofty, and he aspires to attain exceptional results, with the aim of establishing himself as a leading thought leader of this generation. But his only fear, it seems, is not being able to maximize his potential impact. Overall, he embodies Definitely Okunbo is a passionate and driven leader committed to making a difference in the industry through his business.
Mr. Okunbo, is a Nigerian native, a seasoned businessman and entrepreneur with over 15 years’ board and management experience in Nigeria across various industries, including oil and gas services and facilities engineering, procurement, construction (EPC) and project management. In addition to oil and gas he holds various leadership positions across various non-oil sector industries such as hospitality, agriculture and aviation. Mr Okunbo sits as an executive and non-executive director of various companies, which employ directly and indirectly over 6,000 Nigerians.
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- South Africa: Minister Pandor attends the Retreat of the African Union Executive Council Meeting in Kigali, Rwanda 1–3 October 2023 October 1, 2023
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- “Democracy in West Africa in Danger” – President Akufo-Addo to Economic Community of West African States (ECOWAS) Parliament September 29, 2023