Welcome to Nollywood Times |
- Sterling Bank Appoints Two New Directors
- Jibril Summoned Over Bank Deposits, As Reps Extend TSA Probe
- 2019 Presidential Aspirant Slam 15 Senators, 37 Reps For Defecting From APC
- These Demons Are Not Gonna Win, Demi Lovato Assured By Fans.
- Buhari Swears In Musiliu Smith As New Police Service Commission Chairman
- BREAKING: Gov. Samuel Ortom Finally Decamps From APC To PDP
- Federal Government Set To Inject N3.2 Billion As Startup Capital Into Nigeria Air, As Stakeholders Wary Of Govt’s Funding & Interference
- Sterling Bank Tender Apologises To Other Banks For Shading Them
| Sterling Bank Appoints Two New Directors Posted: 25 Jul 2018 10:10 PM PDT  Sterling Bank Plc has made new appointments in it's Board, according to a recent statement by the Bank . They said two new Directors has been appointed in their Board of Directors.Read article as published by This Day Newspaper below:Sterling Bank Plc has announced the appointments of Mrs. Folasade Kilaso and Mr. Michael Ajukwu to its Board of Directors.According to a statement by the bank, Kilaso was appointed to the board as a non-executive director, while Ajukwu joined as an independent director in June, following the approval of the Central Bank of Nigeria (CBN).Welcoming the senior business leaders, Chairman, Board of Directors, Sterling Bank Plc, Asue Ighodalo, said: " Ajukwu and Kilaso are respected business leaders with proven track record of performance and a very welcome addition to our board. They bring with them invaluable experience, expertise and passion that will help the business deliver on its vision and commercial goals. I look forward to working with them at this exciting time as Sterling Bank breaks new grounds."Read also: Sterling Bank Tender Apologises To Other Banks For Shading Them A solicitor of the Supreme Court of England and Wales, Kilaso, is a subject matter expert in the areas of corporate and regulatory affairs in sectors that include banking, asset management, energy, real estate, insurance, immigration and risk management. She has delivered on cross-border transactions for both local and international clients. Currently serving as Principal Partner, Berkeley Legal and Managing Director of Berkeley Training and Recruitment Services Limited, Kilaso is a qualified solicitor in the United Kingdom (UK) and in Nigeria. She studied Law at the University of Kent, Canterbury, and holds an Masters degree in law from the University of Cambridge, specialising in International Corporate Law and Finance. Prior to setting up the Berkeley Group in 2014, Kilaso was Executive Director, Standard Chartered Bank Nigeria. She has served on the board/committee of various institutions such as the Financial Institutions Training Centre (FITC), Nigeria Inter Bank Settlement Systems (NIBSS), Chartered Institute of Bankers Nigeria (CIBN) and Central Bank of Nigeria (CBN) – Sub Committee for Women Economic Empowerment. On his part, Ajukwu holds a B.Sc. in Finance from the University of Lagos and an MBA in Accounting and Finance from New York University. He worked for 21 years in the banking industry before retiring in 2002 as an executive board member of United Bank for Africa. He is currently a non-executive director on the boards of Intafact Beverages Limited, Nigerian subsidiary of SABMiller in Nigeria; Mobax Nigeria Limited, a South African company and Novotel, a member of ACCOR (a French Hotel Group) and also an Independent Director on the board of Tiger Brands SA. Ajukwu brings extensive business experience in Africa and Nigeria to the Board of Sterling Bank. Related Topics: #SterlingBank, #News Sharing is caring. Share this story  | ||||
| Jibril Summoned Over Bank Deposits, As Reps Extend TSA Probe Posted: 25 Jul 2018 09:31 PM PDT
Ibrahim Usman Jibril, Minister of the Environment, deposits of $4.9 million and N1.5 billion respectively with Stanbic-IBTC Bank Plc in defiance of the treasury single account (TSA) policy, is being queried by the House of Representatives yesterday.An ad-hoc committee of the House headed by Abubakar Nuhu Damburam, probing the implementation of the TSA account, summoned the minister to explain why such an account was opened in breach of the policy.The lawmakers were surprised when they discovered that N1.5 billion was deposited in the bank since March 2017, while another $4.9 million was lodged into a domiciliary account outside the TSA.The committee chairman, who threatened to issue a warrant of arrest on Jibril if he fails to appear before the panel, queried why such large deposits were made into the bank without the presidency's approval.Instead, a letter signed on behalf of the Chief of Staff to the President, Abba Kyari, was presented as the authorisation of the non-TSA account. Read also: $793.2 Million TSA Funds: Skye Bank Confirms Holding $41 Million Two officials of the Bank – Alaba Sadeq and Mrs. Zainab Kwara, both regional managers, admitted the lodgment of the amounts in the account, adding that the monies, which were generated from donor agencies and non-government organisations (NGOs) were not for interests yielding purposes. Damburam, however, disagreed, adding that as one with over two decades banking experience, such huge amounts could not have been deposited with the bank without attracting interest even when N400 billion was withdrawn. A member of the committee, Magaji Dau (APC, Jigawa), insisted that the bank officials were stingy with the truth and that the committee would leave no stones unturned to expose those behind the alleged infractions. In a related development, Speaker of the House of Representatives, Yakubu Dogara, has justified the decision to probe alleged fictitious contract awards and mismanagement of billions of naira by the Nigerian Maritime Administration and Safety Agency (NIMASA). Speaking at a public hearing on the issue, he explained that it was aimed at ensuring that Nigerians were not ripped off their commonwealth. In his words: "It is imperative to unravel the truth about the alleged corrupt practices in NIMASA so that we can put an end to such economic crimes, if they are proven to be true, to enable the masses to enjoy their legitimate benefits from our common dividends." He also threw his weight behind on-going agitations for the restructuring of the country. Read the original article in Guardian Related Topics: #News, #TSA, #IbrahimUsmanJibril Sharing is caring. Share this story  | ||||
| 2019 Presidential Aspirant Slam 15 Senators, 37 Reps For Defecting From APC Posted: 25 Jul 2018 08:49 PM PDT
A Presidential aspirant for the 2019 general Election, and the flag bearer of Young Progressive Party, a former Deputy Governor of the Central Bank of Nigeria, Mr. Kingsley Moghalu, has attacked the lawmakers who defected from the All Progressives Congress, APC, to the Peoples Democratic Party, PDP, on Tuesday.Recall that 15 Senators and 35 Reps members of the ruling All Progressives Congress, APC, Tuesday, defected to the PDP and another 4 members decamped to other political parties.The decampees had said that the crisis and factions raving the APC, informed their opinion to defect and stated that they cannot continue to pursue their political careers under the ruling party.Read also: "Career Politicians Are Creators Of Poverty In Nigeria" - Kingsley Moghalu RevealsReacting to the development, Mr. Moghalu, a Presidential aspirant of Young Progressives Party, YPP, noted that both parties are filled with the same politicians who have no vision for Nigeria. Moghalu said: "The political crisis engulfing the ruling All Progressive's Congress (APC), demonstrated by the reported attempt to prevent the smooth functioning of the National Assembly and the defections of the members of National Assembly to the People's Democratic Party tell us one thing: that the APC is a kettle and the PDP is a pot. Both are one and the same. "Our recycled political nomads criss-cross between both parties at their pleasure and convenience, loyal only to their vested interest to continue "chopping" while our country remains the poverty capital of the world. "This is why I am running for President. We have no alternative but to break with the past, dump these visionless politicians and move into a better future with leaders truly committed to service to the people." Related Topics: #APC, #PDP, #KingsleyMoghalu, #Politics Sharing is caring. Share this story  | ||||
| These Demons Are Not Gonna Win, Demi Lovato Assured By Fans. Posted: 25 Jul 2018 01:53 PM PDT
Messages of support from the fans of American singer, songwriter and actress, Demi Lovato, who allegedly was taken to the hospital in Los Angeles, California, after a suspected heroin overdose on Tuesday.A hashtag, #PrayForDemi, has been created by fellow celebrities and fans who are asking for supernatural interventions that'll enable her to confront "her demons" and battle them to a standstill. The embattled 25-year-old Pop singer, Demi Lovato has sang songs about her struggle with addiction to hard drugs in the past.See some Twitter post by fans below: These fucking demons are not gonna win @ddlovato. You have spent a lifetime fighting and you have the strength. We're all praying and love you so much.
Related Topics; #Lifestyle, #DemiLovato Sharing is caring. Share this story  | ||||
| Buhari Swears In Musiliu Smith As New Police Service Commission Chairman Posted: 25 Jul 2018 09:18 AM PDT
The former Inspector General of Police, Musiliu Smith, has been sworn in by President Muhammadu Buhari on Wednesday at the State House, Abuja, as the new Chairman of the Police Service Commission (PSC).Musiliu Smith took over the chairmanship of the PSC from Mike Okiro, who was also an Inspector-General of Police. The occassion took place in the Council Chamber of the Presidential Villa before the take-off of the weekly Federal Executive Council )FEC) meeting.
Mr. President also swore in Clara Ogunbiyi as commissioner representing the North-east in PSC from the judicial community and retired Assistant Inspector General of Police, Lawal Bawa as commissioner representing Northwest from the police community.Read also: Police Service Commission Confirms Misau's Retirement LetterThose also sworn in today, by the President includes, Mohammed Najatu (member from the North-west, representing women); Braimoh Adogame Austin (member, South-south, representing the media community; Rommy Mom (member from the North-central, representing human rights groups; and Dr Nkemka Jombo-Ofo (member) from South-east, representing the organised labour. Also Buhari at the event, swore in Festus Okoye as a National Electoral Commissioner, in the Independent Electoral Commission (INEC) to represent the South-east. Related Topics: #Buhari, #PSC, #News Sharing is caring. Share this story  | ||||
| BREAKING: Gov. Samuel Ortom Finally Decamps From APC To PDP Posted: 25 Jul 2018 08:10 AM PDT
Samuel Ortom, Governor of Benue State has finally announced his defection from the ruling All Progressives Congress (APC) to the Peoples Democratic Party (PDP).Gov. Ortom made the disclosure today Wednesday at a meeting with the elected local government chairmen and councilors, at the Government House Makurdi, after some hours following protests from Benue youths, who barred him from traveling to Abuja to attend the APC reconciliation meeting.It could be recalled that for some months now, there had been speculations that the governor will return to the PDP as a result of his disagreement with leaders of APC in Benue and at the national level. This development has put an end to all the rumours.Read also: "I'm Still In APC" - Ortom Makes A Reverse, After Meeting With OshiomholeAccording to sources close to the Governor, his defection to defect, emanated from major political decisions in the state over the last three weeks. Recall also that the governor recently sacked over 80 percent of his cabinet members and, on Tuesday the Benue House of Assembly impeached Mr. Terkimbi Ikyange, as its Speaker. Related Topics: #SamuelOrtom, #BenueState, #APC, #PDP, #Politics Sharing is caring. Share this story  | ||||
| Posted: 25 Jul 2018 07:41 AM PDT
To get the new national carrier off its feet, the Federal Government will be injecting about N3.168billion ($8.8million) as the startup capital for Nigeria Air.The provision, among others, is contained in the Outline Business Case (OBC) recently approved by the Infrastructure Concession Regulatory Commission (ICRC) and currently before the Federal Executive Council for approval.Meanwhile, airlines operators have expressed concerns over governments' funding of the airlines and the high likelihood of interference in its operations that ordinarily should run as a private business and compete fairly with other existing airlines.The Guardian gathered that the initial injection of N3.2billion is a part-payment for the government's five per cent equity in the investment, whose take-off fund in the next three years of operation has been put at N108billion ($300million).Sources at the Ministry of Transportation, contrary to claims, said the $300million is the minimum fund expected from both the public and private investors, of which only five per cent ($15million) is government's contribution.The director explained that the government is not funding the entire project, but will be offering the startup capital in the form of Viability Gap Funding (VGF). Read also: Investors & Exporters Forex Window Attracts $1.9bn In 5 Days "Once the strategic investor is in place, they will be expecting to build on the initial investment made. The OBC suggested that there is a need to start the business in order to attract credible investors," the source said. The $300million is the funding requirement for the next three years, beginning 2018 ($55million), 2019 ($100million), and 2020 ($145million). Speaking on the development, the Chief Executive Officer, Med-View Airlines, Muneer Bankole, urged the Federal Government to fully disclose its plans for the general public to know what is in the offing, and warned against injecting public funds into the airline to allow it function and compete as another private carrier. He said: "There is definitely no threat to operators that know their onions, and once they (new airline) operate normally like an airline, everyone will be fine. The only thing is that they should not take off with the government and people's funds; it should be privately driven. "I want to give them the opportunity to come out and be able to tell everybody the template that is still being talked about in Farnborough. When it comes to this country, we have to sit down and ask questions." The Chairman, Air Peace Airlines, Allen Onyema, congratulated the Federal Government on the feat, describing it as an avenue to create jobs for Nigerians, and improve capacity for air travel in the country. Onyema, however, said the new carrier has to operate transparently, with regulators giving a level playing field to all operators in a fair competition. He said: "If the airline will be used to frustrate the hard earned successes of existing airlines, then we all will be against it. As at now, Air Peace has acquired four B777, Med-View just got one, and maybe Azman soon. Does it mean that we would be restricted from those 91 routes that Nigeria Air will be flying? I hope not. "We trust Buhari to be a nationalist, and he will not allow us to be forced out of business. That is why the new airline has to be transparent. Government has said it is going to be a private business. It has to operate side-by-side with other airlines. So, if the new airline goes to London, no local airlines should be stopped from the route, once it has the capacity," Onyema said. The Secretary General, Aviation Safety Round-table Initiative, Group Capt. John Ojikutu (rtd), added that the meticulous nature of the programme is quite pleasing and designed in a way that it takes the responsibility of infrastructure maintenance off the government. Ojikutu said: "It is clear that this government does not want to go the way of other people; hence, the plan to concession the airports. National carrier is also to safeguard the market from other foreign carriers, and some of us are in agreement with them. "Like I have said, let government not put its hand in it. Let them get technical partners from outside to invest a minimum of 40 per cent. That is why they are talking to Boeing, and will soon talk to Airbus to come and invest, while Nigerians will take the remaining 60 per cent. "If the aircraft manufacturers bring aircraft today and government goes to the Stock Exchange, Nigerians will come out to invest in the 50 per cent. The remaining 10 per cent can then be between the Federal Government and the states. That is when we will have a national carrier." he said. Culled from the Guardian. Related Topics: #CBN, #News, #NigeriaAir Sharing is caring. Share this story  | ||||
| Sterling Bank Tender Apologises To Other Banks For Shading Them Posted: 25 Jul 2018 06:51 AM PDT  It could be recalled that last week, Sterling Bank tweeted an advert that was interpreted as a diss towards other banks. The symbols of other banks were incorporated into the advert. Some of the other banks responded with shades of their own, but GTBank did not respond.Then rumours emerged, the next day, that GTBank had reported Sterling Bank to the Central Bank (CBN). CBN rules prevent banks from demarketing their competitors. Demarketing means spreading rumours, creating adverts, etc in order to discourage people from using the services of your competitor.  Sterling Bank has now tendered an unreserved apologises for the advert and deleted the tweet.   Related Topics: #SterlingBankApologies, #Banks, #CBN Sharing is caring. Share this story.  |
| You are subscribed to email updates from No.1 News, Entertainment, Sports, Politics, Fashion,Movies in Lagos Nigeria | Nollywood Times. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
This is dummy text. It is not meant to be read. Accordingly, it is difficult to figure out when to end it. But then, this is dummy text. It is not meant to be read. Period.
ConversionConversion EmoticonEmoticon