…Emerges Lead Settlement Bank, Transaction Adviser
The Nigerian agricultural sector is set to witness a huge growth, as Heritage Bank Plc the lead settlement bank for Gezawa Commodity Market (GCMX) has collaborated with key stakeholders to revolutionise agricultural value-chain, aimed at providing fully integrated ecosystem for commodity Exchange.
Heritage Bank was appointed as the Lead Settlement Bank and Transaction Adviser to the Gezawa Commodity Market and Exchange Ltd and Memorandum of Understanding (MoU) was signed between the two firms, whilst over 10, 000 farmers in 3000 cooperatives in the 44 local governments of Kano States were hosted.
The partnership between Heritage Bank and the Exchange would facilitate the ease of agro commodity trading in a more structured way, especially with the closeness to the Dawanu, the largest grain market in Africa.
The MD/CEO of Heritage Bank Plc, Ifie Sekibo, who was a panelist at the 2nd GCMX Farmers’ Cooperative Forum in Kano at the weekend, stated that the partnership is targeted to de-risk the sector that would bring about structured and enhanced agro-business and attain food security that leads to economic development.
Sekibo, who was represented by the Executive Director, Jude Monye explained that the partnership which would help bridge the huge gap associated to risk, will fast track effective price discovery mechanism and traceability and enhanced trade settlement services.
Specifically, the bank’s helmsman stated that under the Central Bank of Nigeria’s Anchor Borrowers Programme (ABP) and the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), Heritage Bank would provide on-lending funding to aggregated farmers in the 2020 farming season to grow various products that will serve as raw materials to the processors, thereby ensuring market linkages and access to the market as well as reduce importation and conserve Nigeria’s external reserves.
According to him, with its assigned position Heritage Bank would play a pivotal role in ensuring that there would be an effective and readily available platform for market linkages among players in the agribusiness value chain, involving FMCGs, warehouse operators, collateral managers, processors, farmers’ cooperatives to transact in a seamless way that guarantee quality, quantity, payment and delivery.
Speaking the event, the ED/CEO of Nigerian Export Promotion Council (NEPC), Segun Awolowo affirmed that the initiative would help foster diversification of non-oil export trade.
He, however, stated that NEPC would ensure that the primary for the signing of the MoU would be achieve, whilst calling for the need to ensure adequate and seamless supply of agricultural commodities for the business to be sustainable.
The Gezawa Project Consultant, Binchang Binfa, Managing Director of Makarios Global Resource, disclosed, “the ultimate goal was to unlock the vast potential of agricultural value chain via partnerships and synergy with likeminded enterprises, organisations and institutions that will mutually create wealth, generate local employment and contribute significantly to the economic growth and GDP the nation.”
He stated that the Exchange would provide services on price discovery and transparency, increase foreign exchange earning capacity, commodity storage and warehouse receipt system, employment generation of 15, 000 direct and indirect jobs, investment opportunities, increase in non-oil export, ease of doing business, weather report, soil test report, as well as 24/7 online trading of commodities on alive trading platform.
- Details of petition to EFCC
12th March, 2020
The Economic and Financial Crimes Commission (EFCC)
PETITION AGAINST LAGOS STATE HOUSE OF ASSEMBLY SPEAKER, MUDASHIRU OBASA, ON GROSS FINANCIAL MISCONDUCT, CRIMINAL BREACH OF PUBLIC TRUST AND ABUSE OF OFFICE
The above subject refers;
The Human Rights Monitoring Agenda is a body committed to equity and justice in its service to humanity.
Further to a popular demand by some members of the public to our office, this petition is written to acquaint your agency with the gross financial misconduct and the abuse of office being perpetrated by the Speaker of the Lagos State House of Assembly, Honorable Mudashiru Obasa, for a thorough investigation so as to avert a further bleeding of the public treasury under his care and restore sanity in the functioning of the states legislative establishment.
The Speakers desecration of his office for which a probe of his activities becomes necessary is in twofold: one, his financial recklessness and cornering of public funds through illegitimate means; and two, the corruption and compromise of laid down procedures and rules deliberately foisted on the workforce of the Assembly.
Below are some of the cases for which your intervention is sought.
- Purchase of a bullet-proof car at a market value of less than N100 Million (One Hundred Million Naira), and the inflation of its price to N300 Million (Three Hundred Million Naira). Apart from being inflated by a whopping 200%, the purchase of the vehicle was done in a questionable manner contrary to procurement acts. This constitutes a flagrant abuse of office and the exercise of privilege with impunity in a country where majority of the citizens live on less than a dollar a day.
Unilateral purchase of 40 cars for members of the Assembly with neither prior discussion with members nor official approval by the House. We have it on good authority that the vehicles were imported by a notable politician for a failed political project. The Speaker procured those vehicles and has since refused to either release their papers to the supposed beneficiaries or tender their receipt for retirement into the Assemblys accounts for obvious reasons as the cost of the vehicles is only known to the Speaker.
Purchase of 11 (eleven) other vehicles without bidding, advertisement and rules and regulations guiding procurement or legislative approval. This is disdain for public accountability and established checks and balances.
Use of fictitious companies as fronts for cornering public contracts and fleecing of public funds. The most notorious of these companies is a certain De-Kingrun Multipurpose Nigeria Limited with CAC No: RC 748741 where all his six children are shareholders. A probe of the businesses of the House since his leadership should reveal how notoriously Obasa has been breaching public trust by diverting contracts and projects into companies of his interest with the active connivance of the clerk of the House, Mr. Azeez Sanni Adebowale.
Compromise of operational procedures, creation of an extra-legal hierarchy and privileging cronies at the expense of the system. This is by far the greatest calamity to befall the Lagos State House of Assembly under Obasa’s watch. Regulatory procedures have been in most cases set aside with the connivance of the Clerk of the House with the ill-intent of carrying out governmental business for private gains and as a private concern. With this tactics, Obasa created an extra-legal hierarchy within the workforce of the States Assembly where his cronies (including a concubine of his popularly called Madam Speaker) reign supreme. It was on good authority that a girl was promoted to level 9 without promotional exams because of immoral relationship with the Hon. Mudashiru Obasa. She recently traveled to United Kingdom with N9 million of LSHA money not approved but more importantly is using the girl for money laundering activities.
The recent allegation of illegal N2.4 billion spent within 11 months to purchase 80 cars for 40 members of LSHA must be thoroughly investigated by your establishment that remain the best anti-graft agency in Africa.
Sir, it is our belief that the actions and activities of Honorable Mudashiru Obasa at the Lagos State House of Assembly is detrimental to the interest of the people of Lagos State and his primary constituency which elected him to serve. It is also breach of public trust and a dent on the anti-corruption drive of the party and the government to which he belongs, hence the need to have him investigated and put him under public scrutiny and account before further damage is done to the collective patrimony of Lagosians.
It is, therefore, our demand that such man with questionable character should step down from the position of the Speaker to the Lagos State House of Assembly pending the completion of investigation.
Hon. Mudashiru Obasa cannot be probing Ex-Governor Akinwunmi Ambode and still be looting the treasury of LSHA. He who must come to equity must come with a clean hand.
Thanks for your anticipated prompt response.
Comrade Buna Olaitan Isiak Isiak
The National Emergency Management Agency (NEMA) says over 50 buildings were destroyed in the explosion that rocked Abule Ado in Amuwo Odofin local government area of Lagos on Sunday morning.
Ibrahim Farinloye, acting coordinator of the Lagos territorial office of NEMA, disclosed this in an interview with NAN.
Farinloye said the cause of the incident and casualty figure were currently unknown as “rescue operations are still going on in the affected area”.
He said the resulting fire, from the explosion, later spread to the Nigerian National Petroleum Corporation (NNPC) oil pipeline passing through the area, although though the pipeline had been shut down as a precautionary measure.
According to him, a combined team of the Lagos State Fire Service, Federal Fire Service and the Nigerian Navy Fire Tender are currently battling to put out the inferno.
The explosion caused panic among Lagos residents after it shook many houses in Ijegun, Festac Town and other communities outside Amuwo Odofin.
Meanwhile, students of a boarding school in Abuke Ado were trapped in their dormitory as a result of the explosion.
A friend in power is a lost friend’. These immortal words of American historian, Henry Adams, are presently playing out between the Lagos State House of Assembly Speaker, Rt. Hon. Mudashiru Obasa, and his erstwhile godfather, Hon. Bayo Osinowo, popularly known as ‘Pepper’.
We were reliably informed that the cold war between the two former allies has now escalated, and may soon turn the House upside down, if urgent care is not taken by the party elders to whittle down the messy development that may not augur well for the Speaker at the end of the whole debacle.
Many are now wondering aloud what might have been the cause of the rift between the former close associates. But those in the know are crying foul that the matter may not be unconnected with the money-sharing formula within the House, of which the Speaker is believed to be at the helm.
The crack in the House has become so glaring that it is now being discussed in hush tones within the Assembly complex in Alausa and even the entire Lagos political landscape. We gathered that what finally blew the lead is a recent largesse that was said to have been given to the Assembly by the Governor, which Obasa, as the Speaker, refused to share equitably among the rest members of the House.
We also gathered that, even at his Agege Constituency1, the constituents are not exactly happy with him, as he has not brought any tangible development project to the area. He is alleged to be acquiring properties here and there within his Agege enclave, especially in GreenHill Estate and even outside that domain.
As the heat steams up, we hear Pepper and his gang within the House, may very soon square up to impeach the Speaker if the feud does not abate in good time. The unwholesome development is now taking on the shape of dividing the house into caucuses between loyal members of the Speaker and those of the five-term member of the hitherto vibrant LSHA, Hon. Pepper, who was believed to have been very instrumental to Obasa’s emergence as the Speaker.
Expectedly, in the raging face-off, most members of the House cued up behind Pepper in the great divide in the LSHA, because of Pepper’s long standing in the House. And as if these were not enough, insiders also alleged that most of Obasa’s aides are severally grumbling over the Speaker’s uncaring attitude to them on financial matters.
A case in hand was the huge amount allegedly allocated to them for sundry allowances and perks, which has not been given to them to date; even as most of them are not happy about the ‘akagum’ attitude of their boss, who on the other side, has acquired wealth with his office, leaving those working with him and their family members in abject poverty.
Another twist to Obasa’s current travails is that, the embattled Speaker is touted to be involved in several diabolical adventures which he uses to oil his ego in his plum office, and which many say has been working for him since he became the numero uno member of the House. Obasa is also allegedly believed to be investing heavily in moves to install the next Agege LGand Orile-Agege LCDA bosses in the forthcoming council elections.
A move, elders of APC in these two councils are also not happy with Obasa’s flagrant attempt to impose his protégés on them as their next LG bosses in the coming elections. Another interesting dimension to the travails of Rt. Hon. Obasa, is his alleged stay-tight at home approach in recent times, apparently because he doesn’t want to leave any vacuum for the alleged plots by his opposing fellow members to impeach him. He now rarely moves out of Lagos, or even the country, in order not to allow any yawning gap to be cashed in on by his traducers, as it were.
The more reason he opted not to perform the last Umrah in Saudi Arabia, a trip he has rarely missed, since he became a lawmaker over a decade ago.
Source: Urban Life
Nollywood actor, Jide-Kene Achifusi (Swanky JKA), won the trailblazer award at the 2020 Africa Magic Viewers’ Choice Awards (AMVCA).
The Trailblazer award is given to an outstanding and promising act with an excellent review and comes along with a brand new car.
Bisola Aiyeola won in 2018, Somkele Iyamah won the award in 2017 while Kemi Lala Akindoju was the 2016 recipient.
Swanky gained critical acclaim in 2019 when he starred as lead actor in the sequel to a Nollywood classic, ‘Living in Bondage’.
Dubbed, ‘Living in Bondage: Breakig Free’, the film follows his character, Nnamdi Okeke, who has to deal with the ghost of his father’s occult past and make his own decisions.
The role and film was well received by fans and he has since earned a diehard fan base, following his outstanding performance.
At the awards on Saturday night, the film snagged seven awards including Best Film West Africa, Best Overall Film and Best Director for Ramsey Nouah.
Swanky had earlier been nominated for Best Actor, which was eventually won by Timini Egbuson, for his performance in ‘Elevator Baby’.
As a follow up to his performance on ‘Living in Bondage: Breaking Free’, Swanky has been cast to play alongside Nancy Isime in ‘Kambili’.
Fan favourite, ‘Living in Bondage’ snagged the most awards at the 2020 Africa Magic Viewers’ Choice Awards (AMVCA).
The Ramsey Nouah-directed film secured seven awards out of 11 nominations including Best Overall Movie, Best Movie West Africa, Best Director, Best Writer in a Movie among others.
The 7th edition of the Africa Magic Viewers’ Choice Awards was held at the Eko Hotels and Suites, Victoria Island, Lagos on Saturday night.
The event, which was anchored by seasoned broadcasters Amina Abdi Rabar and Ik Osakioduwa, also saw ‘God Calling’ and ‘Ratnik’ follow closely with two wins.
For the acting categories, ‘Elevator Baby’ earned its stars the most awards as Toyin Abraham got the prize for Best Actress and Timini Egbuson got the Best Actor award presented to him by his sister, Dakore Egbuson-Akande.
Music legend, 2baba serenaded the crowd while Cobhams Asuquo performed an emotional musical tribute in honour of Nollywood fallen stars.
Frank Dallas, Patience Oseni, Kelvin Osang Abang, Samuel Alabi Yellow, Victor Olaiya and many other Nigerian entertainers were acknowledged in the performance.
The industry merit award went to seasoned TV and filmmaker, Peter Igho, in celebration of his numerous contributions to the industry.
See the full list of winners below:
Best Makeup Category – Lilian Omozele Paul (God Calling)
Best Costume Designer – Dimeji Ajibola (Ratnik)
Best Picture Editor – Tosin Igho and Byryan Dike (Elevator Baby)
Best Sound Editor (Movie/TV Series) – Cristina Aragon (Living in Bondage)
Best Lighting and Designer (Movie/TV Series) – Cardoso (God Calling)
Best Cinematographer – John Demps (Living in Bondage)
Best Documentary – Beverly Naya (Skin)
Best Soundtrack (Movie/TV Series) – Larry Gaaga and Flavour (Living in Bondage)
Best Writer (Movie/TV Series) – Asinogu Nicole and CJ Obasi (Living in Bondage)
Best Indigenous Language (Movie/TV Series) Swahili – Raveet Sippy Chadha (Subira)
Best Indigenous Language (Movie/TV Series) Hausa – Muhammad T. Finisher (Tuntube)
Best Indigenous Language Movie/TV Series Yoruba – Yewande Famakin (Alubarika)
Best Indigenous Language Movie/TV Series Igbo – Victor Iyke (Nne)
Best TV Series Drama/Comedy) – Anis Halloway (Truth)
Best Short Film or Online Video – Bola ‘Enigma’ Akanbi (Thorn)
Best Multichoice Talent Factory Film – Promises (East Africa)
Best Movie Southern Africa – Dalitso (Abraham Kabwe)
Best Movie East Africa – Plan B (Sarah Hassan)
Best Movie West Africa – Living in Bondage (Steve Gukas)
Industry Merit Award – Peter Igho
Best Supporting Actress in a Movie or TV Series – Gloria Sarfo (The Perfect Picture: 10 Years Later)
Best Supporting Actor in a Movie or TV Series – Pascal Tokodi (Disconnect) Best Actress in a Comedy (Movie/TV Series) – Funke Akindele (Moms At War)
Best Actor in a Comedy (Movie or TV Series) – Chibunna “Funny Bone” Stanley (Smash)
Best Actress in a Drama (Movie/TV Series) – Toyin Abraham (Elevator Baby)
Best Actor in a Drama (Movie/TV Series) – Timini Egbuson (Elevator Baby)
Best Dressed Male – Mike Edwards
Best Dressed female – Mercy Eke
Trailblazer Award – Swanky J.K.A
Best Director – Ramsey Noah (Living in Bondage)
Overall Movie – Living in Bondage.