Anchoria Asset Management Board of Directors and staff are pleased to announce the appointment of their new Non-Executive Directors, Halima Buba and Douglas Enahoro.
Halima Buba is a financial expert, entrepreneur and seasoned banker with over 20 years’ experience in a career spanning both private and public sector.
She is currently Managing Director/CEO, Sun Trust Bank; a non-executive director of the Nigerian Sovereign Investment Authority (NSIA) and an Executive Director in TAJ consortium Ltd.
Prior to joining TAJ consortium Ltd, she worked in Ecobank Nig. Ltd for Ten (10) years where she rose to the position of Regional Head, Public sector FCT & North. She was previously the Deputy Manager, CBD Regional Head, Public Sector FCT & North, Inland Bank Nig. Plc, Abuja. She also worked as an Assistant Banking Officer in Zenith Bank PLC. She joined Zenith Bank after spending three (3) years in All States Trust Bank. She started her career in Nigerian Export & Import Bank, Abuja. She had previously served on the Board of Adamawa Homes and Savings Limited
Halima is an alumnus of the Prestigious Lagos Business School (LBS) Senior Management Programme in Nigeria and holds an MBA from the University of Maiduguri. She has a BSc. Degree in Business Management from the University of Maiduguri and has attended several courses both home and abroad.
She is an honorary Senior member of the Chartered Institute of Bankers (CIB), Fellow Institute of Management consultant.
Douglas Enahoro is currently the head of the Group office and the Technical Assistant to the Group Managing Director, FBN Holdings.
Prior to joining FBN Holdings, he was Senior Consultant, Business Advisory in Ernst & Young. He was previously the Principal Consultant, Business Advisory & Strategy Nextzon Business Services. He started his career in KPMG Professional services where he spent three (3) years.
Douglas has over 14 years professional experience spanning business assurance, M&A, strategy, consulting, transaction advisory, investment banking and general management.
He has attended several specialized courses in Corporate Finance including, M&A, Valuation & Modeling in Ivy League Institutions including Wharton Business School, Kellogg School of Management and the Stanford Graduate School of Business in addition to other specialized training programmes.
Douglas is a graduate of Actuarial Science & Insurance from the University of Lagos.
Niyi Adenubi, Chairman, Anchoria Asset Management Limited, commented: “Halima and Douglas bring a wealth of experience and knowledge to bear in the task ahead. On behalf of the Board, I am delighted to welcome Halima and Douglas to Anchoria Asset Management Limited.”
Anchoria Asset Management (AAM) is a specialist provider of active investment products and services to institutional and individual investors.
- Voting ends Thursday at 9pm
After last Sunday’s check-out of Micherry, seven couples: Obiebi, Jeriton, Roksie, Bolar, Chivia, DoubleChris, and Jelo are up for nomination. One or more of these couples will be checked out at the next Sunday live show.
The results will be announced during the Sunday Live Show on the 8th of March by the show’s hosts, Dakore Egbuson-Akande and Oluwaseun Olaniyan and the couple(s) with the least votes will be checked-out of the Love Pad.
Only your votes can save them! Ultimate Love fans have until 9pm this Thursday, 5th March to keep their favourite Love guests in the Love Pad. So, keep those votes coming, you have only a few hours left.
Voting can be done via the Africa Magic website – https://africamagic.dstv.
Ultimate Love is live 24/7 on DStv Premium, DStv Compact Plus, DStv Compact, DStv Confam and DStv Yanga packages on channel 198; and on GOtv Max and GOtv Jolli packages on channel 29.
Bayelsa State Governor, Senator Douye Diri, has predicted that the Peoples Democratic Party (PDP) would bounce back and take over the central government in 2023.
Diri who stated that All Progressives Congress (APC) is already shaky and has disappointed the country would give way for the PDP to control the Federal Government.
Diri made these remarks at a PDP stakeholders meeting in Government House, Yenagoa which had in attendance PDP chieftains from across the eight local government areas.
He declared that PDP would continue to maintain its dominance in the state and that it would bounce back at the national level in 2023.
The governor in a statement by his acting chief press secretary, Mr Daniel Alabrah, maintained that Nigerians had seen the difference in performance between the two main parties and would not make another mistake of entrusting the leadership of the country to the APC again.
He restated his position that the supervision of electoral materials such as ballot papers as directed by the state elections tribunal clearly indicate that the PDP did not lose the November 16, 2019 governorship poll in Bayelsa.
Decrying what he called brazen display of federal might only for election purposes, Diri noted that the Federal Government had lost a lot of credibility and respect in the international community because of the undemocratic role it played in the Bayelsa and Kogi elections.
He thanked the PDP faithful for their hard work and unalloyed loyalty to the party and urged them to sustain it for greater success.
His words: “The God that has brought PDP back to Bayelsa will take PDP to 2023 and beyond it. Throughout the campaigns, it was only our posters and billboards that had the slogan ‘In God we trust.’ They don’t know that everything is settled in the spiritual realm before it manifests here on earth.
“I appreciate those of you who worked tirelessly, who prayed, who sought the face of God rather than the face of man. You believed and were loyal to the party, and worked for its success. Without you, there would have been no PDP today. Our party will continue to lead in Bayelsa and move on to 2023 where we will capture the centre. That is why we must continue to contribute our quota.”
Diri seized the opportunity to appeal to aggrieved members to close ranks and work as a united family adding that any attempt to factionalise or destabilise the party would not be condoned.
He expressed support for the Moses Cleopas-led executive, pointing out that PDP members must adhere to the party’s constitution and shun anti-party tendencies and activities.
“For anybody planning to factionalise our party, this is the time to have a change of heart. Anybody who believes he will go to Abuja to pick forms for the state congress that is a huge joke.”
Minister of Information and Culture, Alhaji Lai Mohammed and Governor Abdulrahman Abdulrazak have split Kwara All Progressives Congress down the middle, with two factions now emerging in the party’s executive committee.
A faction loyal to the governor consist of some aggrieved members led by the state Deputy Chairman of the party, Alhaji Abdullahi Samari.
The group accused the state Chairman, Alhaji Bashir Bolarinwa, of financial recklessness.
Samari, at a press conference in Ilorin, accused Bolarinwa of running the party like a sole administrator alleging that the chairman is involved in shady deals contrary to the fundamental principles upon which the party was built.
He explained that the party has been enmeshed in some sort of internal schism occasioned by the dissatisfaction expressed by a bloc of the State Executive Committee against the leadership of the chairman.
“Unfortunately, rather than address the sundry issues that bother on the lack of accountability, transparency, equity, fairness, sacrosanctity of the provisions of the Party’s Constitution and our demand for same.
“A cabal within the Party Executive and the State Chairman are deliberately diverting attention from the real issues and instead blaming some imaginary forces for the rising opposition against their autocratic leadership,” Samari alleged.
The Vice Chairman of Kwara North of the party, Mr Sunday Oyebiyi, told newsmen that the contributions of the minister during the 2019 general elections were immeasurable and dismissed the claims of Samari.
Oyebiyi said their (Samari’s group) reference to a cabal within the party led by the minister was petty, childish and laughable.
“They are afraid of their own shadows and in going down, they are willing to pull anyone strand with them. The APC will outlive many of them.
“If the memories of these aggrieved people is short, we cannot be accused of same. The struggle to win election was fierce and challenging.
“During this period of tribulations, it was only Alhaji Lai Mohammed that we saw, he sponsored sensitisation programmes, provided logistics and other such supports requested from him.
“He stood by us and together we navigated the rough roads to victory. This is not news to our traducers, they only chose the path of mischief,” Oyebiyi said.
He reiterated that contrary to the norm, there was a gaping disconnect between the governor, the party and revered party elders, asserting that there is no crisis within the party.
The APC chieftain explained further that this scenario has been in place since after the party primaries, during and indeed after the elections.
“Severally, party elders had tried to wade into the matter by meeting with the state party chairman, the minister and the governor himself.
“However, a follow up meeting with the governor to resolve the areas of differences have not been possible because the governor has refused to grant audience to the elders,” Oyebiyi said.
He said it was well-known fact that all hands were on deck during the election under the aegis of one APC, it was after the victory had been won, that splinter groups with a recurring AA acronym began to spring up.
“The promoters of these groups have acted in ways inimical to the constitution of the party.
“Their activities presupposes a parallel structure to the party structure and they have bandied the name of the governor as giving approval to their activities.
“Not once has the Governor or his representatives come out to denounce them, rather they are financed from the Government House.
READ ALSO New Schedule For South East Governorship Debates
“The turncoat Publicity Secretary has revealed that much in his garrulous radio programmes,” Oyebiyi said.
He absolved the party chairman of any financial recklessness as insinuated by the aggrieved group.
“Any allusion to Bolarinwa’s leadership not being accountable, transparent and fair is a disservice and a diversion from the main antics of the so-called aggrieved groups.
“For the avoidance of doubt, a member of the state same executive with Bolarinwa as chairman, he carries everybody along, consulting, seeking divergent opinions and ensuring consensus in a manner that is satisfactory to all,” Oyebiyi added.
He said the chairman cannot be more transparent than he has proven, noting that the system of financial operations of the party requires not less than three party officials to sign cheques.
“How will Mustapha Ishowo, the aggrieved State Secretary, claim ignorance of how party monies, especially donations from aspirants was spent as one of the signatories.
“In addition to being a signatory, he (Ishowo) is the only receiver of the account transaction notifications,” Oyebiyi said.
The senate has approved President Muhammadu Buhari’s request to borrow $22.7 billion.
The upper legislative chamber okayed the request on Thursday amid objections from some senators.
While the matter was being debated, Enyinnaya Abaribe, minority leader, warned against considering all the recommendations on the loan at once.
He suggested that it should be done “item by item”, but Senate President Ahmad Lawan disagreed with him.
Subsequent debate on the matter forced the senate into an executive session during which it agreed to approve the request.
Buhari sent the loan request to the senate in 2019 though it was rejected by the previous senate under Bukola Saraki.
The Economic and Financial Crimes Commission (EFCC), on Wednesday, re-arraigned social media celebrity, Ismaila Mustapha (Mompha), in a Federal High Court Lagos, for alleged N32.9 billion fraud.
Mompha was first arraigned by the commission on 14 counts bordering on fraud, money laundering and running a foreign exchange business without the authorisation of the Central Bank of Nigeria.
He was arraigned alongside his firm, Ismalob Global Investment Ltd. The EFCC Counsel, Mr Rotimi Oyedepo, informed the court of a second amended charge against the defendant and urged the court to allow a fresh plea by the defendant. The amended 22 count charges was read over to the defendant and he pleaded not guilty.
After his plea, defence counsel Mr Gboyega Oyewole,SAN, urged the court to grant a short adjournment to enable him study the new charge.
He told the court that he had only seen the new charge few minutes ago before the court commenced sitting and consequently, urged the court to allow him study same.
Justice Mohammed Liman, ordered that the defendant’s bail of N100 million continues. Following agreement of parties, the court adjourned the case untill March 18 for continuation of trial.
So far in the trial, the commission had called witnesses from commercial banks, CBN as well as the Special Control Unit Against Money Laundering (SCUML),
In the charge, EFCC accused the defendant of procuring Ismalob Global Investment Ltd and retaining in its account, an aggregate sum of N32.9 billion between 2015 and 2018.
The Prosecution alleged that Mompha laundered the sum through Ismalob Global Investment Ltd. Both defendants, were alleged to have negotiated foreign exchange transactions in various sums like N9.4million, N20 million, N10.4 million, N2.4million, N100million, N61million, N40.7million, N42million among others.
Mompha was alleged to have aided the Ismalob to retain an aggregate sum of N 14billion in its account, which was procured from Pitacalize Ltd.
He said the offences contravened the provisions of Sections 15(2) and 18(3) of the Money Laundering Prohibition Act.2011 as amended.
The vexing delay occasioned by unwarranted administrative bottleneck in paying pensioners their legitimate funds lodged with Trustfund Pension Limited and by extension, the National Pension Commission PENCOM has been described as criminal, callous and act occasioned by internal fraud among key personnel of the organizations.
It is common sight to behold aged and middle-aged men and women daily besieging Trustfund Pension’s offices across the nation seeking the payment of their savings which was lawfully and painstakingly deposited with the organization whilst in service and be turned back home on flimsy excuses by those processing officials whose uncompromising and unsociable attitude has defied any known adjective.
A visit to Lagos Trustfund Pension offices revealed a grueling and uphill task pensioners are daily made to go through in dire need to access their own deposited funds. Some have died in the process. Even when all the needed documentations had been met, the officials still have one or two reasons to turn back the distraught pensioners all in a bid to perfect and remedy their financial infractions.
A pensioner who gave his name as Hakeem Olarewaju Ojo, 54 who lamented his ordeal said he had been processing his documentation since he attained the age of 50 with a view to accessing part of his deposited fund with Trustfund Pension without success. He therefore, had to wait till last year 2019 when he officially retired from the service.
According to him: “I started making frantic efforts to access my money when I attained the age of 50 but because of bring this document today, bring that document tomorrow, come today, check back next week; I became frustrated and abandoned the whole exercise. When I eventually left Flour Mills, I commenced full process for the payment of lump sum out of my deposited fund.
“My brother, I have been on it since January 2019 and eventually took ill. My first son was coming to Amuwo Odofin office nearly every week to tell them that I was critically ill and needed money to buy drugs; but it was the same old story. However, by divine providence, I was able to survive the aliment and back on my feet.
“I went back complaining bitterly that this is my money and I am the one who wants it back having submitted all the required documents; what I was told was that the fault is from PENCOM and I asked if I ever saved my money with PENCOM in the first instance. It was in August 2019 that I eventually received credit alert.
“The question is that, what if I had died in the process; tell me how long it would have taken my beneficiary to get money out of these people. They are a bunch of thieves in sheep’s clothing, the stress and pains are not worth it.”
Another affected person who shared similar experience though not a pensioner, Mr. Albert Akpor Uba describes activities of processing officials at Trustfund Pension offices especially, that of Amuwo Odifin as not only criminal but also leaning towards fraud.
According to the veteran media professional and a Criminologist who worked with one of the leading media outfits for 13 years before venturing into publishing his own Crime magazine and weekly newspapers where he doubles as Publisher/Editor-in-chief, wants the federal government to critically look into the immediate and remote cause(s) of the delay in paying pensioners their due funds.
To him, nothing could further warrant the unnecessary delays in paying pensioners their contributed and deposited funds when all relevant and required documents pertaining individual pensioner had been provided save for corked fraud.
He said: “I am personally undergoing breathtaking processes of accessing my funds without trace of hope yet. Like every other person, I wanted to access part of my deposited fund when I was 48 years because I had left my employer and needed some money but the processes and the meagerness of the amount the girl processing it told me made me abandon the plan.
“So when I was 50, I decided to access it and perhaps, get paid a lump sum but I was told that my former employer had yet to remit the entire sum that I contributed. (That is another story for another day because I am yet to know why you would deduct part of my money on monthly basis for safe keep and refused to deposit same as at and when due) However, that made me approached my former employer and it didn’t take much time to get it remitted.
“Then came the ordeal: the women at Amuwo Odofin office of Trustfund Pension (and I was told the trend is the same all over) could make you go mad with their request for all manner of documents. In my own case, I had changed my surname and that requires a sworn affidavit and publication in one of the national dailies; which I had done.
“All the needed documents including National Identification Card and international passport were submitted since last year October and according to what I was told, they have been forwarded to Trusfund Pension Limited Head office, Abuja for approval but as I speak to you now, I am yet to get anything. Just last week I went there and a woman whose name was simply given as Mrs. Nonye told me that my forms were returned on the ground that regional offices now had powers to pay pensioners their money and that in my case, they would have to re- scan everything afresh and send to Abuja for approval before payment could be effected because according to her, the woman that handled it did s shoddy job. I simply laughed because I knew it is the usual mudslinging.
“Meanwhile, this was the money I was expecting since last year 2019 and now we are in the first quarter of year 2020.”
Continuing, a visibly angry media guru said: “ Curiously, when officials of this same Trustfund Pension Limited came hankering and begging for our money in the newsroom then, they appeared very meek and persuasive and you know what the take home pay of a journalist is; so, for one to painstakingly contribute certain part of his monthly peanuts called salary without withdrawal for several years and when it is time to access it, it becomes a tug of war, then there is the need for a critical appraisal from relevant departments.
“As far as I am concerned, the processing officials know more than they tell unsuspecting pensioners; they are simply being economical with the truth. I have personally resigned to fate because the last time I checked, the same Mrs. Nonye in their usual buck-passing, blamed PENCOM for the delay in approving my payment.”
NIMASA, Nigerian Maritime Administration and Safety Agency, will soon announce a new helsman as President Muhammadu Buhari, ratified the appointment of Bashir Jamoh as the Director-General of the agency
According to The Cable, Dakuku Peterside who was appointed in 2016 to head the maritime agency will soon be relieved of his duty as the president refuses to retain him as NIMASA helmsman.
Peterside whose tenure as NIMASA DG will come to an end on March 10, 2020 has been embroiled in controversy in recent times.
In February, the agency was enmeshed in scandal over its failure to audit its account for six years which led to a probe by the House of Representatives.
Earlier in December 2019, the Senate reportedly threatened to issue an arrest warrant against the former NIMASA DG over his refusal to honour an invitation of the Joint Committee on Navy, Maritime and Finance, to answer questions about the activities of a private security company and some government security agencies accused of collecting illegal fees for securing vessels at the Safe Anchorage Area.
On Tuesday, Peterside again incurred the wrath of the National Assembly by failing to appear personally in response to summons by the joint committee investigating activities of foreign vessel owners in Nigeria.
Those who went to represent NIMASA were sent out of the chamber.
NIMASA explained later in a statement signed by its Head, Corporate Communications, Isichei Osamgbi, that Peterside had been unable to honour the summons because he was hosting members of the House Committee on Maritime Safety, Education and Administration, who came on an oversight visit to the agency.
The newly appointed DG is currently the Executive Director, Administration and Finance at NIMASA.
Jamoh, who hails from Kaduna, is also the current president of the Chartered Institute of Transport Administration of Nigeria.
The 56-year-old holds a PhD from the University of Port Harcourt, specialising in logistics and transport management.
Jamoh joined NIMASA in 2003 as an assistant chief commercial officer, eastern and central zones.
He served with the Kaduna state government before transferring his services to the then National Maritime Authority in 1994.
He also holds a master’s degree in management from Korea Maritime and Ocean University, a post-graduate diploma in management sciences from Bayero University, Kano and a diploma in accounting from Ahmadu Bello University, Zaria.
Jamoh is also said to have 32 years of professional experience in the transportation and maritime sector.
He is the author of the book, Harnessing Nigeria’s Maritime Assets: Past, Present and Future.
Jamoh joined NIMASA in 2003 as an assistant chief commercial officer, eastern and central zones.
The 2020 edition of Africa CEO Forum comes up in Abidjan, Cote d’Ivoire from March 9 to 10, with national telecommunication company, Globacom, partnering the organizers, Jeune Afrique Media Group and Rainbow Unlimited, to package the 8th edition of the forum. The annual event is gathering of the continent’s top business leaders.
Themed: “Capitalism for the many, a new horizon for the African private sector” the conference has Globacom as its officially accredited Diamond Partner.
Globacom which is sponsoring the forum for the second year running expressed its delight to join the gathering of executives and investors, heads of governments, Chief Executive Officers (CEOs), international investors, experts and high-level policy makers to brainstorm on ways of mobilising African businesses to champion private sector-led growth on the continent.
The company is equally optimistic that its partnership with Jeune Afrique Media Group on the 2020 edition would provide the platform for participants to work out modalities towards improving intra-African trade and investments, thus boosting the continent’s economic potentials.
Speaking on the 2020 edition, organisers of the forum, Jeune Afrique Media Group, stated that “1,800 business leaders, heads of government and policy makers will gather to rethink the role of African capitalism in this age of digital disruption with its attendant economic and political uncertainties”.
It added that “The Forum will encourage debate and address tough questions such as: How far should African companies focus their strategy on reducing inequalities, combating climate change, training and creating decent jobs for the continent’s youth? How can such goals be balanced with the challenges of international competition and fast-changing trading alliances? What resources and intelligence do companies and their leaders need to navigate the accelerating technological and social changes that are revolutionising the business landscape?”
Over 800 chief executives of multinational companies and 1,800 participants from 70 countries attended the 2019 edition of Africa CEO Forum which was held in Kigali, Rwanda.
Zenith Bank Plc, Nigeria’s leading financial institution, has again emerged as the Most Valuable Banking Brand in Nigeria in the recently released Banker Magazine Top 500 Banking Brands 2020.
For the third consecutive year, Zenith Bank has been ranked as the number one banking brand in Nigeria with a brand value of $287 million and market capitalisation of $1.62 billion, ranking 392 in the 2020 global ranking of banks.
The ranking was published in the February 2020 edition of The Banker magazine of the Financial Times Group in conjunction with London-based Brand Finance.
According to the publication, brand value is the licensing rate that a third-party would need to pay to use the bank’s brand. All brand values in the report are for the year ending December 31, 2019.
Zenith Bank has clearly distinguished itself in the Nigerian financial services industry through superior service quality, unique customer experience and sound financial indices. The bank, with a knack for setting the pace and raising benchmarks, is a clear leader in the digital space with several firsts in the deployment of innovative products, solutions and an assortment of alternative channels that ensure convenience, speed and safety of transactions.
In an apparent show of its resilience and market leadership, Zenith Bank recently announced an impressive result for the year ended December 31, 2019, with profit after tax (PAT) of N208.8 billion, achieving the feat as the first Nigerian Bank to cross the N200 billion mark.
Consistent with this excellent performance and in recognition of its track record of exceptional performance, Zenith Bank was voted as the Best Commercial Bank in Nigeria 2019 by the World Finance and the Best Digital Bank in Nigeria 2019 by Agusto & Co.
The bank was also recognised as Bank of the Year and Best Bank in Retail Banking at the 2019 BusinessDay Banks and Other Financial Institutions (BOFI) Awards. Most recently, the bank emerged as the Bank of the Decade (People’s Choice) at the Thisday Awards 2020.