Access Bank Plc has posted gross earnings of N666.75 billion for the financial year ended Dec. 31, 2019.
The bank’s audited result released by the Nigerian Stock Exchange (NSE) showed that gross earnings was higher by 26.10 per cent when compared with N528.75 billion in the comparative period of 2018.
Its profit before tax stood at N115.38 billion in contrast with N103.188 billion achieved in 2018.
Also, profit after tax rose to N97.51 billion from N94.98 billion, while earnings per share decreased from N3.31 to N2.90 during the period under review.
The Board of Directors recommended a final dividend of N14.22 billion, translating to 40k per share, higher than 25k per share paid in 2018.
Meanwhile, the bank had earlier proposed and paid interim dividend of 25k per share, bringing the total dividend per share for 2019 to 65k per share.
Also, net interest income stood at N277.23 billion, compared with N173.578 billion in 2018, while interest expense rose from N207.34 billion to N259.62 billion.
Net Impairment rose to N20.19 billion, compared with N14.66 billion in 2018.
Net fee and commission income increased to N74.04 billion as against N52.49 billion in 2018.
Loans and advances to customers grew to N2.91 trillion from N1.99 trillion in 2018, while deposits of customers stood at N4.26 trillion from N2.56 trillion in 2018.
Recall that the bank consumated a business combination with the defunct Diamond Bank.
Mr Herbert Wigwe, the bank’s Group Managing Director, said recently that it was now fully positioned in the retail market with the completion of the merger.
“Following the successful completion of the merger with Diamond Bank in March 2019, we have now fully positioned ourselves in the retail market with a view to bringing the power of banking to the doorsteps of millions.
“We are providing a broader platform to facilitate payments services in Nigeria and across Africa, by harnessing our significantly enhanced digital technology capabilities,” Wigwe said.
He said that the bank had made solid progress in line with its 2018-2022 five-year strategy and remained committed to the achievement of its strategic imperatives going forward.
According to him, the bank will continue to invest in its people, technology and most importantly, its product offerings to customers.
“Our focus is to become the world’s most respected African Bank by leveraging on the strength of our retail and wholesale business to provide unrivalled value to our customers,” he stated.
Justice Ayodele Faji of Court 4, Federal High Court, Ikoyi, Lagos, has sent the charge of fraud brought before him against three prominent members of the Celestial Church of Christ namely, John Rotimi Omotosho (Jorotom), Folashade Ogundipe, Boye Olaniyan and Folafunmi Integrated Limited, a limited liability company belonging to the second defendant, Folashade Ogundipe, back to the Administrative Judge for re-assignment.
The Judge cited personal reasons for his action.
The defendants – John Rotimi Omotosho, Folashade Ogundipe, Boye Olaniyan and Folafunmi Integrated Limited – were arraigned before Justice Ayodele Faji in a suit filed against them by the Inspector General of Police (IGP).
The three defendants were accused of defrauding the church’s headquarters at Imeko, Ogun State of the sum of N85,914,500 (Eighty Five Million, Nine Hundred and Fourteen Thousand and Five Hundred Naira) under false pretence of using the money for the church’s development.
In carrying out the alleged fraud, the Police stated that the defendants issued several Zenith Bank Plc cheques, which they used in withdrawing the money from the church’s development project account with the bank.
The offences, according to the Police are contrary to Sections 8(a), 1(1)(a) and 1(1)(a) &(b) of the Advance Fee Fraud and other fraud related offences Act, Laws of the Federation of Nigeria, 2010 punishable under section 1(3) of the same Act.
Citing personal reasons for his action, Justice Ayodele Faji sent the case to the Administrative Judge who in turn re-assigned the charge to Justice Nicholas Oweibo of Court 11, Federal High Court, Ikoyi, Lagos.
The defendants will be re-arraigned before Justice Nicholas Oweibo and fresh pleas taken at a date to be communicated to the parties.
This was confirmed on Friday 6th March, 2020 by the Prosecuting Counsel, Mr Ijeoma C.J., a Chief Superintendent of Police(C.S.P).
Popular Nigerian pastors who allegedly contracted a woman for ‘fake miracles’ have been exposed.
The Inspector General of Police Intelligence Response Team (IRT) in Lagos has arrested 44-year-old woman, Bose Olasunkanmi, who was used by Pastor Chris Okafor, founder and leader of Mountain Of Liberation and Miracle Ministry and several other pastors to perform fake miracle in their churches.
The woman’s fake miracle was brought to light in October last year after several videos of her being ”healed” of her fractured hand, surfaced online.
According to Guardian, police sources say Olasunkanmi moved to a different church after being paid for every successful performance so that their trick would not be exposed by people or relations who may see her during her next performance.
Speaking to newsmen after her arrest, Olasunkanmi recounted how she got into the business of ”fake miracles”.
“I am from Ilesha, Osun State. I am married. I had three children. Unfortunately, two died few hours after delivery. My husband loved me so much that he did not want me to do anything. He wanted me to be a housewife and he had been honouring my request and he treated me like a queen.
Unfortunately, when he died, my life changed and I started suffering as everybody abandoned me. Though I had my primary school certificate, the only work available at the time was to go and serve a food seller at least, to be sure of daily bread. When the suffering became unbearable, I decided to relocate to Lagos for a greener pasture in 1989. Unfortunately, in 1990, I lost my mother and I went back home to give my caring mother the last respect.
After the burial of my mother I came back to Lagos and secured a job in a food restaurant in Surulere area of Lagos without salary as Food Assistant. However the owner of the food center allows me to eat breakfast, lunch and dinner as I liked. Even customers sometimes gave me tip, which I used to buy soap to wash my clothes, body cream and personal need. I did not save a dime but it helped me a lot.
I worked for 9 years without salary and I had no alternative than to start planning on how to open my own food center or even food hawking in Surulere. Unfortunately for me, as I was walking on the road, one evening, a vehicle from nowhere had a break failure hit me to the ground and broke my right arm and left leg.
I had no money to treat myself as the driver that hit me abandoned me later. Life became hard for me, as I had stopped living with my sister before I had the accident. I lost my husband in October 2018 and this made me to go and live with my sister, but when I secured this food-selling job, I relocated by renting a room in the same Surulere area.
After the accident, everyone abandoned me and I had no money to continue to pay for a room.
It was under this condition that I met a woman friend in 2008. Her name is Fatila Musa. She used to give me money to eat and ameliorate my suffering. One day she took me to her church and told me that the church had a two-month programme that would start from September to October and she would like me to accompany her.
When I accepted, she told me that I should use what I have to get what I want. I did not understand what she meant by using what I have as woman to get what I want considering what the accident had done to my body. She then told me that what I have can help me to get what I wanted and that that gift I have is my broken right arm.
I then asked her how? She said she would teach me how to carry my hand and how to bring it down in such a way that the congregation would believe me and when I collect the money for the role I played, it will be reasonable to start my life.
After a one-day rehearsal, she took me to a pastor at Calvary Close, Ogba area of Lagos. She said the name of the church is Radiant Army Deliverance Ministry a.k.a Anthony Anthony.
The first day I performed, I got N9, 000. Life became sweet as the pastors were happy with my performance, but when people started gossiping that police may raid the place one day, the pastor told members to be carrying me away fast anytime I finish my performance.
When the suspicion became too much, they started substituting my role with video recorded performance. In 2009 she carried me to a church in Port Harcourt. I performed in three churches in the three days we stayed there. The same year, we moved to Abakiliki area of Ebonyi State.
I am a muslim, but the pastor, prophet Goffrey Abbey would only ask me to bring my hand down and I will start bringing it down as if his power was the thing bringing it down and be jumping up in joy to the deceit of the congregation who often clapped with joy and praising God for the miracle. I cannot remember the names of all the churches she took me to because their names were not disclosed to me.
When I was in Lagos, she used to come and carry me in my rented one room apartment at Igando area of Lagos but in Port Harcourt and Abakaliki, she puts me in one of the rooms in the church premises. The performance in Port Harcourt was in Borikkiiri area.
After 9:00.am, I would follow Fatila to wherever she wanted us to go and sleep. She never used me for prostitution”.
Speaking further, she said:
I lost my conscience because suffering weakened my sense of reasoning. I needed money to treat my hand and everybody abandoned me. I needed to feed myself. I needed to survive.
Though I want to be healed, but with this experience, it would be hard for me to believe any pastor again. I don’t believe any pastor can heal me. If I see all the pastors involved in the scam with me, I will confront them. They cannot deny me. If I see the woman, Fatila that carried me to them, I will hold her. I won’t mind the help she rendered to me because she used me to make money also and paid me peanuts.
My only regret is that I knew that it was a fake miracle performance, which deceived many genuine children of God and enriched the fake miracle performing pastors and prophets.
It is this same fake miracle performance I was involved in that made my father to get stroke when he heard that they were using me to make money.
In the first performance I got N9, 000, second performance N7, 000, third performance N10, 000. In Port Harcourt I got N10, 000, N7, 000 and N15, 000 while in Abakaliki, I performed only once before IRT operatives stormed there and whisked me from where Fatila hid me. If I regain my freedom, I will not do it again. I will look for genuine business to do.
My advice to people who go to church is that they should open their eyes well and know the type of church they are worshipping.If they are careful, they would discover on time whether they are in a genuine church or with fake pastors and prophets.” she said
Olasunkanmi has promised the police to lead them to the different pastors that used her in exchange for her freedom.
See video of the fake miracles below: