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ISG Boss, Tuinstra Raps African Leaders On How To Create Employment, Reduce Poverty.

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ISG Boss, Tuinstra Raps African Leaders On How To Create Employment, Reduce Poverty.

 African governments have  been admonished to see the urgent need to intensify efforts to build roads, railways and other cross-border infrastructure  asInvestment in infrastructure is a long-term   requirement for growth and a long-term factor that will make growth sustainable.
The Chief Executive of Officer of  world class infrastructure building outfit, International Service Group (ISG), Mr Steven Tuinstra gave the advice in a statement issued by its Media Adviser, Moses Owopade, on how the Continent of Africa can move from poverty to surplus by creating employment building infrastructure, coordinate the associated laws, rules and regulations.
According to the ISG boss, the solution to the economic problem of Africa is  to include the continent in the global economy, and not African charity, AIDS research, but African infrastructure development. 
“”Africa can import and needs everything the whole world can manufacture. And they have got enough money to pay for it. It’s just that the money is in the ground.
“African countries have to improve transportation infrastructure; that creates economic development, employment and, most importantly, enhances safety and improvement of the local communities.” Tuinstra said, adding that smart businesses do not look at labor costs alone anymore, but rather do look at market access, transportation, telecommunications infrastructure and the education and skill level of the workforce, the development of capital and the regulatory market. 
Further, he said Infrastructure is one of the core responsibilities of government and one that cannot be shortchanged by other controversial spending. 
“We believe investment in infrastructure pays dividends for decades and is a wise investment of taxpayer.
“A successful society is characterized by a rising living standard for its population, increasing investment in factories and basic infrastructure, and the generation of additional surplus, which is invested in generating new discoveries in science and technology.” he opined.
Establishing the readiness of ISG to support the continent in building a virile economy that guarantee job opportunities for the growing African population, Tuinstra revealed that ISG is currently  in advanced negotiations with various African governments to develop and execute on EPC+F basis some infrastructure project. 
“Some of the governments currently in our portfolio are Ivory Coast, Namibia, Federal Government of Nigeria, Ghana, IMO State Nigeria, Gambia, Federal Government of DRC, Mai Ndombe Province DRC, Chad, Malawi, Botswana and Plateau State of Nigeria” he concluded.

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ELEVATION OF OLU-ADDE OF EKINRIN-ADDE ROYAL STOOL TO FIRST CLASS STATUS BY THE EXECUTIVE GOVERNOR OF KOGI STATE, HIS EXCELLENCY YAHAYA ADOZA BELLO: HEARTY APPRECIATION

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His Excellency, Alhaji Yahaya Adoza Bello, Kogi State Governor, Government House, Lokoja.

 

 

Through: The Honourable Commissioner for Local Government and Chieftaincy Affairs.

 

 

Your Excellency Sir,
With gratitude in our hearts and deep appreciation to your excellency,
we write to convey the eternal joy of the entire people of Ekinrin-Adde, home and in diaspora, for the great honour done to our community by your administration through the elevation of the stool of Olu-Adde of Ekinrin-Adde to the status of First Class in the Kogi State Traditional Council.

 

 

Our people and generations to come owe your excellency and your administration a great depth of gratitude for this unprecedented demonstration of goodwill and love. Whenever the history of Ekinrin-Adde is read, a special place of honour will always be reserved for you.You have really made us proud.

 

 

While wishing your Excellency’s administration continued success, we pray that God will take you from glory to higher glory in your future political aspirations and endeavors. we register our profound appreciation to your Excellency and your very dynamic and digital team of creative thinkers for this monumental elevation. You can always count on our support for your administration.

 

 

Elder Deinde .T. Komolafe (National General Secretary Ekinrin-Adde Community Development Association) on behalf of HRM Oba Anthony Bamigbaiye Idowu, AHEMAWORO 1, The Olu-adde of Ekinrin-Adde, The Olu-Adde in Council, the good people of Ekinrin-Adde Community Home and Abroad.

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First Bank:We’re Yet To Receive Notice Of Otedola’s Majority Shares

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First Bank

Following the report of the founder and chairman of the Geregu Energy Group, Femi Otedola, acquiring the majority shares of FIrst Bank, FBN Holdings (FBNH) Plc, the Company stated it is yet to receive notification to that effect.

 

 

According to the statement sent by FBNH to the investing public on the Nigerian Exchange (NGX) Limited signed by the company secretary, Seye Kosoko, the attention of FBNH had been drawn to media reports on October 22, 2020 purporting that a certain individual has acquired significant shareholding interest in the Company, therefore making him the majority shareholder in the Company.

 

 

 

The statement further said that “As a listed Company, the shares of FBNH are publicly traded and sale and acquisition of shares is expected in the normal course of business. We operate in a regulated enrolment, which requires notification of significant shareholding by shareholders to the Company, where shares are held in different vehicles, further to which the Company will notify the regulators and the public as appropriate.

 

 

 

FBNH stated it is yet to receive any notification from the individual mentioned in the media report of such acquisitions, saying that FBNH will always notify the appropriate agencies and authorities whenever it receives any notice of significant shareholding by the shareholders and the company’s registrars.

 

 

It was reported that Otedola has been acquiring the shares of the FBNH through a vehicle, Calvados Global Services Limited. It is also likely that there could be other vehicles associated with Otedola who may have also been mopping up shares. FBNH currently has 34.7 billion of its shares floating freely meaning it is held by diverse shareholders. This makes the shares easy to acquire on the stock exchange.

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Nairametrics said, “Otedola, through his proxies and investing vehicles, now owns over five per cent of the bank, setting himself up to be the single largest shareholder of the bank.

 

 

 

In the first half (H1) of the year ended June 30, 2021, FBNH reported a profit after tax of N38 billion up from N35 billion same period in 2020. Speaking on the H1 performance of the Company, the Group managing director, U.K. Eke said, “FBN Holdings delivered a resilient performance in the half year, reflective of our focus on strengthening the organisation in recent years.

 

 

 

“We remain committed to our strategic objective of driving further stability in performance, as well as delivering sustainable growth over the years to come. In line with our focus on revenue diversification, we continue to grow our non-interest income as we progressively become a more transaction-led institution and implement innovative and technological driven measures to improve overall efficiency.

 

 

 

“The macro and socio-economic conditions remain challenging given the COVID-19 pandemic and the low-interest rates environment. While these points negatively impacted overall revenue generation, we are confident that FBNH can navigate this challenging operating environment and keep delivering sustained innovative solutions that enrich customer experience as well as deepen financial inclusion.”

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 Omu Resort Takes Corporate Social Responsibility To New Level

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Nigeria’s foremost resort, Omu Resort has taken its commitment to Corporate Social Responsibility (CSR), to an all-new height.

The family recreational and educational center located in the rainforest of Bogije, Ibeju Lekki, Lagos State boasts a plethora of fun activities including a state-of-the-art freshwater Seaworld, Museum, Animal Kingdom, Green House, Wax Museum, and an array of amusement rides.

The management of Omu Resort recently took its CSR works to a new height when in collaboration with the Bogije Branch of the Dredgers Association of Nigeria (DAN), it kicked off a multi-million Naira rehabilitation of the Asiwaju Bola Tinubu Way.

Prior to now, Asiwaju Bola Tinubu Way was one of the worst in the community; however, it took a turn for the better years back when Omu Resort kick-started an annual intervention project of maintaining the road.

However, the road has now taken a whole new look with the Bogije Branch of DAN collaborating with Omu Resort leading to the massive rehabilitation currently going on.

Speaking on what motivated the current exhaustive rehabilitation of the road, the General Manager of Omu Resort, Moji Ibaze said: “We have constantly paid year-in-year-out to have the road maintained, we are aware of the fact that we had invested billions in our resort. There was just no point having such a tourist attraction in place with no accessible roads.

“We had made overtures to the Lagos State government, but they have not been forthcoming. This year, the road had been unmotorable, hence the decision to partner with the Bogije branch of the Dredgers Association of Nigeria and do a thorough overhaul of the road.

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“Needless to say that more work still needs to be done in the area of desilting and drainage flow.”

Reacting to the ongoing rehabilitation, Akeem Alade, a shop owner at Bogije market described the ongoing work on the road as a welcomed development. According to him, the road had been a pity sight, as traders at the Bogije Market are known to always empty their dirt into the drainage. When men are seen evacuating the waste, all they do is dump it by the roadside except on rare occasions when they cart them away, they hardly take the waste away, so they end up washing up into the drainage again when it rains. He noted that with the new look of the road; motorists and other road users would heavy a sigh of relief.

“This is a welcome development; you need to see what this road was like before this intervention. It has taken the duo of the resort and the association to bail us out of this situation and we really appreciate their effort.”

Bayo Adelaja while appreciating the efforts of those behind the road maintenance project wondered when it became the responsibility of associations and owners of businesses concerns to maintain roads, as he questioned the seemingly carefree attitude of the political representatives of the community.

“It is a shame that the politicians that we elected to represent us hardly think of our interest, the maintenance of this road is supposed to be the government’s business, but it has taken two private entities to solve a major challenge that dates back several years, what are the political representatives that we have at the federal, state and local government level doing, some of them even access this road?”

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Omu Resort has become notable for treating both local and international guests a unique experience of the wonders of nature.

Sighted on a serene landmass of approximately 22 hectares and boarded to the North by the imposing clear waters of Omu Creek, the resort offers menicus coaster, water slides, a speed boat ride among others.

Having expanded its water slides to include speed slides and with the arrival of the resort’s Giraffes, Elan and Zebras, Omu Resort is definitely the place to be.

 

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