The Nigerian National Petroleum Corporation (NNPC) has explained that the retirement of 11 of its senior management staff and others from its subsidiaries as well as the redeployment of 19 others were part of its normal replacement and backfill process.
A top source at the Corporation who disclosed this in a chat with The Whistler, described as fallacious, the insinuation that the exercise was lopsided.
In all, 30 staff were affected by both the statutory retirements and redeployments.
A list of the staff that would statutory retire between 1st May and 31st July, 2019 obtained by The Whistler includes the General Manager, Chad Basin, Aniya Francis Umaru, who is from the north-eastern part of the country and retired on May 6th, 2019; Adewale Solomon Ladenegan, Managing Director, KRPC, who hails from the south-west and retired on May 13th, 2019 and Musa Sulyman Gimba, who is the Group General Manager, NNPC Leadership Academy, who also is from the north-east and retired on May 14th, 2019.
Others include Umma Ayuba Musa, who is the General Manager, HR & Admin Services, Duke Oil, from North-west and retired on May 19th, 2019; Emmanuel–Ate Mariagoretti Ndidi, General Manager, Support Services, NGC, from the south-south region and retires on May 30th, 2019; Tsavnande Thaddeaus Atighir, the Executive Director, Operations, from the North-Central; Okor Ovieghara, the General Manager, Upstream/TA to GMD, who hails from the South-South region; Barau Mohammed Kabir, the Managing Director, NGMC, who is from the North-Western region; Dawaki Salihi Abubakar, the General Manager NLNG, LIMS, from the North-West; Ibrahim Aminu Bagudu, the Executive Director, ETSD, NPDC, who is from the North-West and Yusuf Shimingah Matashi, the Managing Director, NPDC, who hails from the North-Western region retires on 17th July, 2019.
“The retirement of these officers will open up gaps in the management of some important Strategic Business Units and Commercial Strategic Units of the Corporation.
“Consequently, there is an urgent need to propose competent staff within the Corporation for promotion to fill up the vacancies that emerged,” the documents cited by The Whistler explained.
On the other hand, the names of the 19 staff that were redployed include Anas Mustapha Mohammed, Usman Faruk, All Muhammed Sarki, Osarolube Ezekiel, Ihya Aondoaver Mson, Isah Abubakar Lapal, Umar Hamza Ado, Garba Adamu Kaita, Ossai Uche, Usman Umar, Ehizoje Tunde Ighodaro, Ahmed Mohammed Abdulkabir and Lere Isa Aliyu.
Others are: Richard-Obioha Maryrose Nkemegina, Dikko Ahmed, Ibrahim Sarafa Ayobami, Usman Yusuf, Sambo Mansur Sadiq and Buggu Louis Tizhe.
Speaking further, the source who shed more light on the exercise said: “It’s part of normal replacement process for those that are due for statutory retirement. We normally get approvals ahead of schedule.
“The reference to lop-sidedness in the media is misplaced as we try to do like for like in replacing retiring staff with staff from their zones as much as possible.”
Contrary to a news report on the retirement of the NPDC boss, the source said Matashi would not leave until his statutory retirement date of 17th July.
“The replacements are for staff retiring statutory between 1st May and 31st July 2019. Of necessity some of the replacements and the backfills have to be promoted through appointments due to their grades,” the source said.
President Muhammad Buhari has approved the appointment of Captain Rabiu Hamisu Yadudu as the new Managing Director of the Federal Airports Authority of Nigeria (FAAN).
Captain Yadudu is to take over from the erstwhile Managing Director, Engr. Saleh Dunoma. The new appointment was announced in an official statement issued Monday and signed by the Deputy Director Press & Public Affairs, Ministry of Transportation (Aviation), James Odaudu.
An ICAO / ACI accredited International Airport Professional, Captain Yadudu was until his new appointment, the Director of Airport Operations of the Authority.
He also holds professional certifications in Avionics, Airport Safety Management Systems, Airport Security Management, Air Transport Systems Management, amongst others. His appointment takes immediate effect.
More facts have emerged on the reasons why the defunct Diamond Bank surrendered itself for a business combination deal with Access Bank Plc.
The deal was consummated on April 1.
According to a report obtained by THISDAY yesterday, between December 2014 and June 2018, the immediate past management of Diamond Bank under the leadership of Mr. Uzoma Dozie as Chief Executive Officer, inherited a distressed oil and gas portfolio of $1.8 billion (N302.6 billion).
Of this amount, the sum under Watch list and non-performing loans (NPLs) stood at $406 million (N68.9 billion) and $73 million (or N12.3 billion), respectively.
In addition, the bank had foreign currency balance sheet mismatch in excess of $883 million as at October 31, 2015, resulting from maturing trade obligations and customer transactional instructions.
Similarly, Diamond Bank had unpaid billions of naira to the federal government’s Treasury Single Account (TSA), resulting to regulatory sanctions and negative public perception and waning customer confidence.
The immediate past management of the defunct bank preserved Diamond Bank’s licence by paying down the inherited forex liquidity mismatch, it stated.
Furthermore, it showed that the inability of Diamond Bank to repay the Nigerian National Petroleum Corporation/Nigerian Petroleum Development Company Limited’s funds to the TSA, “due to the application of those funds in the creation of long-term oil and gas and power loans was a major threat to the bank’s corporate existence.”
Without external management, the then management of the bank employed every legitimate means, including strong negotiation and relationship management skills to have the issue resolved.
According to the report, as at the end of September 2018, this obligation had been fully extinguished.
While resolving this, the Uzoma Dozie-led management built an enviable retail franchise that, stand-alone, can generate sustainable profitability and low-cost deposits.
However, the value of the retail deposit was hidden in bad corporate loans inherited by the then management.
In addition, the management then developed long-term sustainable relationship with global institutions, which has helped to build thrust in its brand.
These included Women’s World Banking, Bills and Melinda Gates Foundation, Afreximbank, International Finance Corporation, Ecowas International and Development Bank, among others.
Commenting on the merger with Diamond Bank, the Group Managing Director/Chief Executive Officer, Access Bank, Mr. Herbert Wigwe, had said: “Together, we would have 27 million customers, which is the largest customer base of any bank on the continent. We would have 33,000 point of sale (PoS) terminals, 3,300 automated teller machines (ATMs) and all of that.
“Access Bank has grown over time and has built a very strong wholesale banking capability. We have also shown significant expertise as far as treasury is concerned, risk management as well as our capital management plan.
“We created and pushed a very strong value chain strategy which was our own way of building our retail business.
“This was because we realised that the creation of a large diversified bank is critical, not just for Nigeria, but in Africa and the world. If you go to any part of the world, what you tend to see is that the top three or top five banks technically control market share.”
Speaking further, Wigwe said the combination of Access Bank and Diamond Bank would ensure that “we are able to take and solve customers’ issues right from the wholesale end, down to the man in the village, just because of the use of technology.” (Thisday)
VIO has declared that pasting `Car For Sale’ or “For Sale” sticker on a moving vehicle is illegal and a violation of law.
According to the Federal Capital Territory Directorate of Road Traffic Services (VIO), pasting “For Sale” sticker on moving vehicles as a way of marketing is illegal and a violation of the law. Mr Kalu Emetu, the directorate’s Public Relations Officer made this known in an interview with NAN in Abuja, on Sunday.
Emetu went on to say that such act was a violation of the FCT Administration’s transportation master plan.
A lot of vehicles had been impounded for violating the law; and warned car owners to use proper channels of marketing their vehicles, he said.
VIO also finds it illegal for any vehicle owner to market their vehicles in unauthorised car marts in the FCT.
Nigerians are advised to take caution and heed to the law as breaking it is purnishable and involves paying fine. With different officials on the road to ensure car owners and road users abide by the law, it is also to remember the 12 things to avoid when a soldier stops your vehicle which we posted about a month ago.
Pay television firm, MultiChoice has announced a partnership between its flagship initiative, the MultiChoice Talent Factory (MTF), and the New York Film Academy College of Visual and Performing Arts (NYFA), a world-renowned visual and performing arts school.
The groundbreaking collaboration, explained, Femi Odugbemi, MTF Academy Director (West Africa), is in line with MTF’s mission of igniting Africa’s already established creative industries through training and skills development as well as foster new and original programming.
Cheryl Uys-Allie, MTF Director, added that MultiChoice’s commitment to partnering with industry experts such as the NYFA is to promote and protect the growth of Africa’s creative industries. She also pointed out that the endorsement of the MTF by NYFA confirms the film school’s continued efforts to the empowerment and development of filmmakers across the world.
For more than a decade, the NYFA has supported African content creators and performers by hosting workshops across the continent, where the institution’s faculty has met with thousands of students in Nigeria, Ghana, South Africa and Kenya and further bridged its hands-on intensive training in both the visual and performing arts as well as offering information sessions, auditions, and portfolio reviews to attendees.
The NYFA prides itself in developing students through a “learning by doing” approach, blending a mixture of traditional film school instruction with coursework and practical experience, which ensures that students learn to make films by actually making films. Through this partnership, MultiChoice continues its commitment to boosting capacity in the continent’s creative industry.
Jim Miller, NYFA Vice President, said the institution is delighted to be part of the process to upgrade skills of African film and television professionals.
“The New York Film Academy is honored to be a part of the enrichment, development, and fostering of storytellers across Africa, a continent steeped in a rich history of dynamic, creative and passionate visual and performing artists
“Over the years, NYFA has been privileged to have hosted hundreds of students—from dozens of African nations—many of whom have found outstanding success in their national industries when they returned home.
“This MTF and NYFA collaboration is a natural extension of our commitment to help bolster the skills of talented African storytellers,” Miller said.
The MTF Academy (West Africa) Director, equally noted that the much anticipated MTF Masteclasses kicked off in January, supported by various industry partners, and will include series of workshops intended to increase MTF’s purpose of upskilling film and TV creatives. Taking place across various cities, the Masterclasses are also presented to industry professionals with the intention of developing technical skills of established creatives in cinematography, audio and storytelling to improve the quality of local productions.
Babajide Sanwo-Olu, governor-elect of Lagos State has promised to decongest Apapa road of trailers and containers causing heavy traffic within the first 60 days of his administration. “There is a lot of politics being played around there. But no, it cannot be the way we’ll continue to live. We cannot continue to give excuses” he said.
Sanwo-Olu made the promise on Saturday during an interactive session with his classmates at the Executive Master of Business Administration class, University of Lagos, 1998/2000 set.
At the event, the governor promised to get rid of the gridlock that has characterized Apapa road for many years irrespective of the politics involved.
He said, “The Apapa trailer issue; it’s a campaign issue; it’s very serious; I’m going to take it very seriously. “I believe that it is something that we are going to solve in the first 60 days of our government.
Whatever is going to be required of us, we will take them out. “There is a lot of politics being played around there. But no, it cannot be the way we’ll continue to live. We cannot continue to give excuses.”
Embattled singer, Azeez Fashola, aka Naira Marley, will be arraigned in court on Monday to face 11 charges bordering on fraud against him for alleged credit card fraud.
The musician effectively risks seven years in jail if found guilty, as Section 33 (2) which he was accused of breaching, reads: “Any person who uses: a counterfeit access device; an unauthorised access device; an access device issued to another person; resulting in a loss or gain commits an offence and shall be liable on conviction to imprisonment for a term of not more than seven years or a fine of not more than N5,000,000.00 and forfeiture of the advantage or value derived from his act.
In the charge sheet released by EFCC, it was indicated that the singer signed and collected the original copy ahead of his arraignment.
The artiste was arrested last Friday along with four others including his friend and singer, Zlatan Ibile who has since been released on administrative bail.
See the charge sheet below.
Rafael Nadal has defeated Novak Djokovic 6-0, 4-6, 6-1 to win a ninth Italian Open title and a record 34rd Masters crown on Sunday night.
World number one Djokovic, who won at the Madrid Open last week, produced an incredible performance in his 54th meeting with second-ranked Nadal.
With the victory, Nadal now overtakes Djokovic at the top of the list for Masters wins. The pair were level at 33 each before Sunday’s final in a timely boost ahead of his assault on a 12th French Open crown in a week’s time.
Workers hoping for the implementation of the N30,000 new minimum wage in Lagos State this month will be disappointed as the Lagos State Government is not yet ready for the task ahead.
There have been rumours within the Lagos State Government Secretariat, Alausa, Lagos that the government was not ready to pay N30,000 minimum wage, settling for N27,000.
It was also rumoured that a meeting between the labour and Governor Akinwunmi Ambode on the new minimum wage was deadlock as the workers rejected government’s proposed N27,000.
According to rumours within the secretariat, the Lagos State Committee on the new N30,000 minimum wage failed to reach agreement on Thursday 9th May, 2019,.
The is said to comprise Ambode, incoming Governor Babajide Sanwo-Olu and representatives of the state’s Nigeria Labour Congress, NLC and the Trade Union Congress, TUC.
It was gathered that the state initially proposed N25,000, which they later jacked up to N27,000, but the organised labour insisted on the amount signed into law by President Muhammadu Buhari.
After hours of deliberations, it was agreed that the issue be suspended till after the swearing in of the new governor but that the state would pay the leave bonus for all categories of workers this month, with the hope of commencing the new wage in June 2019.
However, Chairman, Association of Senior Civil Servants of Nigeria, Lagos State Branch, Comrade Olamide Bamidele debunked rumours that the government had settled to pay workers N27,000, saying that no meeting had been held yet.
He, however, said the government tried to negotiate with leadership of the workers at a meeting in Abeokuta before Buhari signed the new minimum wage into law, but that the workers rejected such move.
He said the labour is awaiting the federal committee set up by Buhari to harmonise the new wage increase, saying that Lagos workers would negotiate with the state government base on the federal benchmark.
Bamidele vowed that Lagos workers would not accept anything below the N30,000 new minimum wage.