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OPINION

Looting of COVID-19 Food Stores In Ekiti Is Testimony Of Fayemi’s Failure – PDP Chairman

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Gunmen

Chairman of Ekiti State Chapter of the Peoples Democratic Party (PDP), Otunba Bisi Kolawole has described looting of Silos and foodstores in Ado Ekiti as a testimony of the misgovernance of the All Progressives Congress (APC) government both in the State and at the federal levels.

He added that “It is shameful that Ekitiland is being ravaged by chronic hunger under the watch of Governor Kayode Fayemi, such that people from the Fountain of Knowledge and Land of Honour won’t mind scavenging for food from anywhere.”

In a statement made available to newsmen by his Special Adviser on Media, Bola Agboola on Saturday, Kolawole accused the Fayemi government of resulting to the use of armed thugs to attack peaceful protesters thereby depriving the people of their legitimate right to lawful gathering and peaceful protest.

The PDP Chairman, who condemned looting of public and private properties under whatever guise, said what happened in Ado Ekiti yesterday, when people invaded the Silos and storage facility of the State Emergency Management Agency (SEMA) was a pointer to the fact that Fayemi’s administration has failed in its primary responsibility of providing security and seeing to welfare of the people.

He said it was unexplainable that food items will be kept somewhere by the State Government while the people are unable to feed.

The PDP chairman said: “That the government even had to announce yesterday that the grains carted away at the Silos in Ado Ekiti yesterday, were meant for planting shows the highest level of corruption and insensitivity on the part of the government.

“If those grains are actually meant for planting, why were they kept till this time? Why were they not distributed to farmers who needed them?

“Again, we saw sugar, noddles, indomies, Lab Coats meant for health personnel, disinfectant chemicals and hand sanitizer packs. Were those items also preserved for planting?

“Reality that Fayemi and his praise singers must face is that Ekitis are angry with a government that has been inflicting pains on them since it was forced on them in 2018.

“The people are frustrated and won’t mind doing anything just to survive and this is understandable.

“What should those over 3,000 Ekiti sons and daughters sacked by Fayemi do? Won’t they also struggle to survive? If they see somewhere that food items meant for the people are kept, won’t they take the risk of getting some so as to be able to feed and stay alive?

“Even though the Fayemi-led APC government has lost face with the people and it is certain that the party will be sent out of power in 2022, we still have a duty to call on the governor to review its style of administration to make life easier and more meaningful for the people.”

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Business

LCCI DG Says New E-commerce Group Will Ensure a More Conducive Policy And Regulatory Environment For The Sector

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E-commerce

From improving sales volume, to facilitating automated processes in business transactions and the application of new technology, there’s no disputing the fact that ecommerce is opening up the Nigerian economy at an impressive rate.

Thriving on a digital economy platform, ecommerce boasts an incredible level of cost-efficiency of connecting sellers with buyers, which makes it a potent tool for business growth, especially for SMEs.

Interestingly, the unfolding relevance and inherent benefit of the ecommerce ecosystem is beginning to attract the interest of relevant stakeholders.

Recently, CBN Governor, Godwin Emiefiele stated that the digital space and its accompanying economic activities will further open up the Nigerian economy, drive financial inclusion and create more jobs.

According to Emiefiele, the impact is obvious for all to see, as the regulatory framework put in place by the apex bank has opened up the digital space for innovation in the Payment Service System thus driving financial inclusion and employment creation.

Few weeks after Emiefile’s comments, the Lagos Chamber of Commerce and Industry, (LCCI) announced the inauguration of an ecommerce sectoral group under its banner in conjunction with Jumia and other ecommerce players.

Among other things, the group is expected to support the development of private enterprises in various sectors of the Nigerian economy by exposing their products to a larger market.

Lagos Chamber of Commerce and Industry was established for the promotion and protection of Trade and Industry, and to represent and express the opinion of the business community on matters affecting trade and industry in Lagos, and by extension Nigeria.

Speaking on the essence of the ecommerce group, Director General of Lagos Chamber of Commerce and Industry, Dr. Muda Yusuf explained that the pivotal role taken up by digital platforms in the Nigerian economy in recent times, necessitated the formation of the group.  “Digital platforms have been playing a major role in the issue of trade and commerce in the country, so this informed the formation of the ecommerce group in LCCI,” he stated.

The ultimate goal is to achieve a robust digital economy that will work to the benefit of all stakeholders. On this front, the DG stated that the group will work towards attainment of a more conducive policy and regulatory environment needed for the industry to thrive for the benefit of all stakeholders.

“The beneficiaries are all the investors in that space; the government and the entire players in the economy because the whole idea is to ensure that we create a better policy and regulatory environment for that segment of the economy to thrive, grow and contribute a lot more to the Nigerian economy.”

While working with key players in the ecommerce industry was a masterstroke by LCCI, the appointment of the group Chairman was a well thought out process.

At the inauguration of the group, Jumia Chairwoman and Head of Institutional Affairs, Juliet Anammah was appointed Chairman to lead the group activities. Commenting on the appointment, Yusuf said the group felt that Juliet with her wealth of experience and position in the industry, is best suited to drive the affairs of the group towards attainment of its objectives.

“The choice was informed by the fact that she’s the chair of a major player in the industry, Jumia is a major player in the ecommerce space. And we felt that such a person is best positioned to drive this initiative by LCCI,” he stated.

The ecommerce space is gaining more relevance in Nigeria. The recent attention by stakeholders to the sector is a welcome development, and if properly managed and given adequate policy cum legislative support, will go a long way in improving the country’s economic fortunes.

By Adedoyin Giwa

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OPINION

FIRST BANK SAGA: ADESOLA’S REINSTATEMENT A REAFFIRMATION OF AUTHORITY

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FirstBank

The reaffirmation of Adesola Adeduntan as the Managing Director First Bank by the Central Bank of Nigeria (CBN) is a strategic and bold decision aimed at stabilizing Nigeria’s financial sector.

 

 

Adesola Adeduntan, the Managing Director of First Bank is a miracle-working Banker. Unlike the middling marabou, his miracles aren’t deceptive in nature rather each one is an event that creates faith in his abilities as fiscal guru and bank chief. Adeduntan is not just administrative Managing Director (MD) but a seasoned leader.

 

 

Administrators are always cheap and easy to find, and even cheaper to keep but leaders are worth their weight in gold. Leaders are risk takers and they are often in very short supply; ones with enduring vision however, like Adeduntan, are pure gold.

 

 

When he assumed the mantle of leadership at First Bank, pundits believed he had come in to play the role of an undertaker due to the destructive plunder visited on the bank by its previous directors.

 

 

However, Adeduntan eventually rescued the bank from collapse. Besides entrenching a culture of professionalism and excellent results in the bank, he ensured that there are no more dirty deals going on within the bank’s halls.

 

 

There’s sanity in First bank even as you read. The Bank Chief understands that leadership is not just about operationalising some empty formulae but establishing deep connection at group and personal levels through service, determination, uprightness, and poise.

 

Within the period, he has transformed the bank via visionary initiatives and he has also done a great deal to reclaim debts owed the bank by defaulting clients. Since he assumed leadership, he has outlawed dirty loan deals and is currently on a very successful crusade to reclaim huge loan debts from the bank’s chronic debtors.

 

 

 

Little wonder some disgruntled elements within the bank want him out by all possible means.

 

 

According to the letter doing the rounds and also signed by Haruna B. Mustafa, this particular letter noted that CBN’s attention had been drawn to media reports that the Board of Directors had approved the removal of the current Managing Director of the bank, Dr. Sola Adeduntan and appointed a successor.

 

 

The apex bank stated that it was concerned that this action was taken without due consultation with the regulatory authorities especially given the systemic importance of First Bank Ltd.

 

The Bank noted that since Adeduntan’s tenure was yet to expire and there was no report from the Board of any infraction, there therefore appears to be no apparent justification for the removal.

 

 

The CBN said it was particularly concerned because the purported removal of Adeduntan was coming at a time the CBN has provided various liquidity support to reposition the bank.

 

 

Adding “It is also curious that to observe that the sudden removal of the MD/CEO was done about eight months to the expiry of his second tenure which is due on December 31, 2021.

 

“The removal of a sitting MD/CEO of a systematically important bank that has been under regulatory forbearance for 5 to 6 years without prior consultation and justifiable basis has dire implications for the bank and also portends significant risks to the stability of the financial system.

 

Dr. Adesola was appointed the Executive Director/Group Chief Financial Officer of First Bank, in July 2014. As the Executive Director/Group CFO, he handled the banks’ financial control, internal control and enhancement, business performance management, treasury and procurement functions.

 

After 2years with First Bank, Dr Adesola was appointed the Managing Director of the bank, succeeding Bisi Onasanya. He resumed the role on the 4th of January 2016.

 

Dr Adesola’s office covers the bank’s commercial banking subsidiaries which include: FBN UK, FBN Ghana, FBN DRC, FBN Guinea, FBN Gambia, FBN Mortgages, and First Pension Custodian Limited.

 

After Adesola concluded his compulsory NYSC service year, he got a job at the main branch of Afribank (Nig) Plc, Ibadan, as a graduate trainee. He worked at Afribank for 18 months, carrying out different banking operations, including cash management, clearing, credit risk management, and foreign operations.

 

Dr Adesola left Afribank in September 1995 and started working with Arthur Andersen Nigeria. He rose to a managerial role in the firms’ financial department, before leaving the firm in May 2002.

 

As a manager, Dr Adesola pioneered and supervised the statutory audit of some leading Nigerian banks. Before he became a manager, he was the lead instructor of the local office basic accounting training and induction course in 1999

 

. In 2000, he served as an instructor at the Andersen World-Wide induction training for new hires in Eindhoven, Netherlands.

Adekunle Abolaji,

Business Journalist.

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OPINION

Igbo & Yoruba are the Biggest Fools in Africa, By Biodun Omole

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Fools

Nigeria is a strange item Of the 16 Republics in the world, only Nigeria uses empty landmass as federating units, instead of ethnic nationalities.

 

Nigeria is the only oil-producing country where oil blocks are allocated to individuals, instead of government.
Nigeria is the only country in the world whose Constitution maintains a conflicting dual ideology – Democracy and Sharia.

 

As both cannot co-habit, one must give way. That is the War going on now under Buhari’s watch. Recall the Sultan of Sokoto – who doubles as Head of Fulani Oligarchy and Nigerian Monarchy – recently declared in USA that he does not recognise the Nigerian Constitution, but Sharia only.

 

“It is to be ignorant and blind in the Science of Commanding Armies, to think that a general has anything more important to do than to apply himself to learning the inclinations and the character of his adversary”. John Laffin [Links of Leadership].

 

While the Igbo and  were busy roaming the world and ravaging all schools and libraries – studying the ancestral cultures of the Greeks, Romans, Turks, Cappadocia, Mongols, Spartans, etc, their common mole in-house (), concentrated at home perfecting psychological Jihad to lock their horns in perpetual duel of vain supremacy and foolish pride.

 

No doubt, the Fulani have succeeded in exploiting the mutual sense of insanity between the  and Yoruba.

 

Fulani is a culture of war and domination – ruthless military and political strategists. As parasites, they penetrate their host through guise and guile – deception. Recall these two encounters:

 

 

•Uthman dan Fodio vs. King Yunfa of Gobir Kingdom [then Hausa] now Sokoto by Fulani.
•Janta Alimi vs. Oba Afonja of Ilorin [then Yoruba] now Fulani.

 

 

When your brother is in trouble, you are in trouble, unless you are insane.

 

At the height of the Jos ownership crisis: “Look at Kano, Bida, and Ilorin – the Fulanis who are ruling there are non-indigenes and I can’t see why the same treatment will not be accorded to Jos … otherwise, there will be no peace in Nigeria” – Tanko Yakassai, former political sdviser to President Shehu Shagari [Vanguard Newspaper, 26 Jan 2009].

 

From Grazing Route – Grazing Reserve – Cattle Colony – Ranching – Grass from Brazil – inland Waterways – N100 billion to Miyeti Allah – Fulani ethnic Radio – RUGA – e-registration of illegal aliens – Military Ranching – back to inland Waterways again!

 

Taqiyya in action. The story keeps changing, but the subject matter remains the same – land takeover!

 

Remember Terwase Agwarza [aka GANA] – a Benue militia leader who repented, laid down his arms, and surrendered to Nigeria’s security for amnesty. And the military killed him in surrender.

 

But in Katsina, Governor Masari and some military officers held a peace meeting with terrorist bandits. The bandits attended carrying assault rifles in the presence of the governor and the military, yet nobody killed anybody. They know themselves!

 

Few weeks ago, UAE announced that it had convicted six Nigerians for funding Boko Haram terrorists. Nigerian government would not collaborate with UAE to track down BH sponsors. It’s still busy hunting #ENDSARS# sponsors!

 

Rather, FG had advised the convicts to appeal to the Supreme Court in UAE, promising to also use diplomatic avenues to help them out! They know themselves.

 

Recall it was “Igbo coup 1966” – to unite other Nigerians against Igbo. Then came “No Victor No Vanquished 1970” – to deny responsibility after the genocide.

 

Recently it became “IPOB is a terrorist organisation” – to divert attention from the real terrorists, and to justify further pogrom on the Igbo. And now, it’s “Igbo sponsored #ENDSARS to overthrow Buhari’s government”.

 

Also, “Igbo destroyed Yoruba economic assets in Lagos”.

 

Meanwhile, Buhari and his Fulani tribesmen [local and imported] have been executing “their mandate” happily and successfully.

 

The rest of Nigerians – the highly educated and civilised, the sleeping majority, the self-defeating saints, etc., are the only ones thinking that Buhari is worried, that FG is failing Nigerians, that Buhari is fighting BH, poverty, etc., and that Nigeria is practising democracy.

 

“The world will never respect Africa until Nigeria earns that respect” —Nelson Mandela.

 

Madiba, Father of Africa! I tearfully regret to inform you that the Igbo and Yoruba of Nigeria, locked in a most foolish contest of wild goose chase, while the stranger plunders their common inheritance, have insanely sworn to “fall your hand”.

 

If your brother is in trouble, you are in trouble, unless you are insane.

 

 

Credit: Sundiata Post

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