ZENITH BANK RETAINS TOP SPOT AS NIGERIA’S NUMBER ONE BANK BY TIER-1 CAPITAL FOR FIFTEEN YEARS IN THE 2024 TOP 1000 WORLD BANKS’ RANKING

AgegePulse Magazine 

For the fifteenth consecutive year, Zenith Bank Plc has retained its position as the Number One Bank in Nigeria by Tier-1 Capital in the 2024 Top 1000 World Banks’ Rankings, published by The Banker Magazine. This ranking places Zenith Bank Plc as the 565th Bank globally with a Tier-1 Capital of $2.01 billion. The rankings, published in the July 2024 edition of The Banker Magazine of the Financial Times Group, United Kingdom, recognise Zenith Bank’s continued financial strength and stability. They are based on the 2023 year-end Tier-1 capital of banks globally and remain the primary source for global bank financials used by most international organisations in their assessments of banks.

Tier-1 Capital describes capital adequacy, the core measure of a bank’s financial strength from a regulator’s perspective. According to the ranking, Tier-1 Capital, as defined by the latest Bank for International Settlements (BIS) guidelines, includes loss-absorbing capital, i.e., common stock, disclosed reserves, retained earnings, and minority interests in the equity of subsidiaries that are less than wholly owned. A strong Tier-1 capital ratio boosts investor and depositor confidence, indicating the Bank is well-capitalised and financially stable.

Commenting on this achievement, the Group Managing Director/CEO of Zenith Bank Plc, Dame (Dr.) Adaora Umeoji, OON, said, “We are deeply honoured to be recognised as the Number One Bank in Nigeria by Tier-1 Capital for the fifteenth consecutive year. This recognition is a testament to our strategic focus on sustainable growth, innovation, and customer satisfaction. It also emphasises our resilience and strength in navigating the ever-evolving financial landscape. Our dedicated team of professionals has remained steadfast in ensuring that we maintain our position at the forefront of the banking industry.” She extended her profound and sincere appreciation to the Founder and Chairman, Dr. Jim Ovia, CFR, whose visionary and transformative leadership has played a pivotal role in cultivating a resilient and thriving establishment. She also expressed her deep appreciation for the board’s insightful governance, the staff’s relentless dedication, and the unwavering loyalty of the bank’s esteemed customers to the Zenith brand.

Zenith Bank’s financial performance for the year was driven by a remarkable triple-digit growth of 125% in gross earnings, from N945.6 billion reported in 2022 to N2.132 trillion in 2023. This growth led to an improved market share in both the retail and corporate segments despite a persistently challenging macroeconomic environment. The increase in gross earnings was primarily due to growth in interest and non-interest income. Interest income growth was attributed to the increase in the size of risk assets and their effective repricing, while non-interest income was driven by significant trading gains and gains from the revaluation of foreign currencies.

Zenith Bank recently commenced recapitalisation efforts with the conclusion of its Capital Markets Day held on 11th July 2024. It aims to raise the least amount of capital amongst its peers at N230 billion, considering it already maintains a robust capital base of N270.7 billion. The Bank remains dedicated to supporting the growth of the Nigerian economy and providing its numerous customers with innovative and efficient banking solutions

Zenith Bank’s track record of excellent performance has continued to earn the brand numerous awards, with these latest accolades coming on the heels of several recognitions. These include being recognised as the Number One Bank in Nigeria by Tier-1 Capital for the fourteenth consecutive year in the 2023 Top 1000 World Banks Ranking, published by The Banker Magazine. The Bank was also awarded the Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards for 2020 and 2022; and Most Sustainable Bank, Nigeria in the International Banker 2024 Banking Awards.

Further recognitions include Best Bank in Nigeria for three consecutive years from 2020 to 2022 in the Global Finance World’s Best Banks Awards and Best Commercial Bank, Nigeria for three consecutive years from 2021 to 2023 in the World Finance Banking Awards. Additionally, Zenith Bank has been acknowledged as the Best Corporate Governance Bank, Nigeria, in the World Finance Corporate Governance Awards for 2022 and 2023, and ‘Best in Corporate Governance’ Financial Services’ Africa for four consecutive years from 2020 to 2023 by the Ethical Boardroom.

The Bank’s commitment to excellence saw it being named the Most Valuable Banking Brand in Nigeria in the Banker Magazine Top 500 Banking Brands for 2020 and 2021, and Retail Bank of the Year for three consecutive years from 2020 to 2022 at the BusinessDay Banks and Other Financial Institutions (BAFI) Awards. The Bank also received the accolades of Most Sustainable Bank, Nigeria, in the International Banker 2023 Banking Awards, Best Commercial Bank, Nigeria and Best Innovation in Retail Banking, Nigeria, in the International Banker 2022 Banking Awards. Zenith Bank was named Bank of the Decade (People’s Choice) at the ThisDay Awards 2020, Bank of the Year 2021 by Champion Newspaper, Bank of the Year 2022 by New Telegraph Newspaper, and Most Responsible Organisation in Africa 2021 by SERAS Awards.

IE Talks Tough on Energy Theft, Reaffirms Penalties for Offenders

AgegePulse Magazine 

Lagos, Nigeria; July 20, 2024:

Nigeria's leading Electricity Distribution Company, Ikeja Electric Plc (IE), reiterates that offenders caught in the act of energy theft will be immediately charged to court. The company emphasized that the era of merely imposing loss of revenue (LOR) penalty alone on offenders is over, as it will now enforce the full weight of the law against offenders.

The Company made this announcement at its July Stakeholders Forum, a monthly enlightenment meeting aimed at educating its customers about the company's activities and laudable initiatives to foster improved service delivery.

Mr. Kingsley Okotie, Ikeja Electric's Head of Corporate Communication, lamented the increase in energy theft, especially over the last three months following implementation of the reviewed tariff on Band A feeders. He noted that the company and the entire electricity value chain cannot survive if theft goes unchecked.

"The theft is massive and the company cannot guarantee meeting customer expectations if this ugly trend continues. Ironically, some perpetrators believe that if they haven't been caught, there are no consequences. This is false, and we must change the narrative," he said.

Okotie stated that for the Nigerian Electricity Supply Industry (NESI) to survive, all stakeholders must fight in unison against theft, as pilfering of electricity hinders the stability of the sector. He emphasized that whatever happens to the Distribution Companies (Discos) affects the entire NESI.

Speaking on strategies to curb theft, the company's spokesman mentioned that the whistleblowing platform is a very effective way for customers and well-meaning Nigerians to report incidents anonymously. He added that the platform is managed independently of the business, ensuring customers identity remain anonymous and highly confidential.

To reinforce the company's commitment, IE is incentivizing whistleblowing by rewarding those who report any illegality and theft of electricity. Persons who submit verified reports on Non-Maximum Demand (Residential & SMEs) offenders will get up to 10% of the reconnection fee paid by the offender while for Maximum Demand (Commercial & Industrial) offenders, whistle-blowers will get up to 5% of the reconnection fees paid by the offender.

He further explained that energy theft is a criminal offence under the Electricity Act, attracting a sentence between 6 months to 3 years imprisonment. Interfering with meters or the works of licensees carries a sentence of 3 years imprisonment. Ikeja Electric can, under the law, prosecute people and companies for the criminal offence of energy theft.

In line with regulations stipulated by the Nigerian Electricity Regulatory Commission (NERC), the NERC Order on unauthorized access, meter tampering, and bypass allows Discos to disconnect customers illegally connected to their network. Reconnection is only possible after offenders have paid for the loss of revenue by paying back-bills established by the Disco, along with reconnection costs and administrative charges.

The IE spokesperson urged customers to take advantage of the new whistleblowing platform to report energy theft. The whistleblowing channels include:

  *   Toll-free Hotlines: 0800-TIP-OFFS (0800 847 6337)
  *   Web Portal: www.ikejaelectric.com/whistleblowing<http://www.ikejaelectric.com/whistleblowing>
  *   Email: expressyourself@ikejaelectric.com
  *   Mobile App: Download the Deloitte Tip-offs Anonymous App on Android or iOS devices

For customer complaints, use the official complaints resolution channels via phone at 0201-7000-250, 0201-227-2940, or send an email to customercare@ikejaelectric.com.


Best Regards

Taiwo Olasunkanmi Leading the Way for Agege's Future

 Ayodele Awosika

AgegePulse Magazine 

In the bustling metropolis of Lagos, one figure stands out as a beacon of hope for the vibrant community of Agege. Taiwo Olasunkanmi Samuel, an esteemed educationist and philanthropist, has been making waves with his visionary leadership and unwavering commitment to the betterment of his home city.

Taiwo Olasunkanmi

As the driving force behind SAMDOK Private School and the President of the Agege Renewed Hope Movement, Samuel has harnessed his extensive expertise in education, real estate, business, and philanthropy to shape the future of Agege. His tireless dedication knows no bounds, as he tirelessly works towards uplifting the community and empowering its residents.

Through the Agege Renewed Hope Movement, he has assembled a coalition of passionate and influential individuals from Agege, all dedicated to ensuring the continued growth, unity, and prosperity of their beloved city. 

Embracing Agege's multicultural identity and recognizing its potential as an economically vibrant and politically engaged hub, Samuel and his team are steadfast in their mission to champion development, unity, and peace for Agege.

With a deep-seated commitment to uplifting those in need, the amiable personality and the Agege Renewed Hope Movement have consistently made a tangible impact on the lives of the community's most vulnerable members. 

Their initiatives have ranged from providing essential food items and financial support during festive periods to spearheading transformative projects such as acquiring projectors for educational institutions, ensuring that the bright minds of tomorrow have the tools they need to thrive.

Serving as the Convener of the Agege Renewed Hope Movement, Samuel has effectively united the voices and efforts of Agege's indigenous population, both within the city and across the globe, to address the pressing needs of their community. This sociopolitical group stands as a powerful advocate for the voiceless, a source of hope for the hopeless, and a beacon of assistance for the helpless, cementing Samuel's legacy as a unifying force for Agege's future.

In an era defined by innovation and progress, Samuel's unwavering dedication to the advancement of Agege serves as a testament to the transformative power of visionary leadership and compassionate philanthropy. 

As he continues to pave the way for a brighter future for Agege, Samuel's impact reverberates throughout the city – illuminating a path towards unity, prosperity, and boundless opportunity.

Reps Members Donate 50% of Their Salaries For 6 Months To Reduce Hardship In Nigeria

AgegePulse Magazine 

 Members of the House of Representatives on Thursday, 18 July, 2024 resolved to support the Federal Government with N648 million for six months by slashing their salaries by 50% to support food sufficiency across the country and to address the high cost of food.

This followed the adoption of an amendment to a motion moved by the Deputy Speaker of the House, Benjamin Okezie Kalu, on the need for lawmakers to sacrifice 50% of their N600,000 monthly salaries to support Nigerians given the hardship in the land.

Kalu’s amended prayer was to a motion moved by Ibrahim Isiaka from Ogun State appealing to proponents of the planned nationwide protests to abandon the idea and engage the government in dialogue.

The Deputy Speaker said the salary cut is to be used to support the Federal Government’s efforts to address the rising cost of food in the country with the view to ameliorating the hardship Nigerians are going through.

Gazelle

Lagos Rebrands Agric Ministry To Boost Food Production, Create More Opportunities for Farmers

 AgegePulse Magazine 

...FoodHub Records transactions of almost N1 billion In 40Days

The Lagos state Commissioner for Agriculture, Hon. Ms Abisola Olusanya, has said  the ministry has been rebranded into Ministry of Agriculture and Food Systems aimed to boost food production, create more opportunities for farmers and also to create an avenue for the newly created Livestock Ministry as planned by the federal government. 

The Lagos state Commissioner for Agriculture, Hon. Ms Abisola Olusanya briefing the media

The Commissioner made this known during a press briefing held yesterday at the Lagos State Press Center in Alausa, Lagos.

Reeling out some of the achievements of the Ministry, Hon. Abisola told the pressmen that Governor, Babajide Sanwo-Olu's free of charge middle-level food agro-hub in Idi-Oro, Mushin has recorded a maximum sales transaction of N918 million precisely in 40 days to tackle rising food costs as well as address post-harvest losses in the State.

According to her, the impact of the Mushin food hub is still being felt, as a means of discounting food items by the state government.

“The Mushin food hub is one of many that we should have in the state. The impact of the hub is still being felt up to now.

“We started with only Saturdays as the market days and subsequently in March we added Wednesdays. We have 339 registered vendors working with us on multiple food items.

“Over 26,000kg of garri, over 18,318 kilos of poultry meats, and over 55,000 crates of eggs have been sold in this one facility, In these 40 days of the open market’s operation, we have recorded food transactions of almost N1 billion, precisely, N918 million transactions".

"Besides the “Ounje Eko” initiative, food items, which include 10kg rice, 5kg garri, 5kg beans, and tomatoes, among others, all in combo packs, will be distributed to over 500,000 households in Lagos State". Olusanya said

LG Autonomy: Former Agege Legislative Leader Hails Supreme Court Judgement , calls State Assemblies, Council Chairmen to allow councillors breath

AgegePulse Magazine 

Former  Leader of Agege Local Government Legislative Arm, Hon Muyideen Akolawole Anigbajumo has hailed the judgement of Supreme Court over the  Autonomy of the Local Governments.

Anigbajumo made this known to AgegePulse Magazine Online via phone that Local Governments can now appropriate their funds without interference from State Governors.

He said the judgement is  victory for democracy and the chain that locked Local Governments across 36 States from having direct access to their funds.

Former Agege Council Leader opined that it is now time for State House of Assemblies to allow Local Government Chairmen and their Councillors to breath.

" As a former Councillor and Leader of Legislative Arm of Agege Local Government, it is a big victory for Democracy and rule of law. With this judgement, many Local Government who had been chained by  Governors should be set free.

" During my administration as a Councillor and Legislative Leader, various initiative were been introduced to upholding the rule of law, though it was that welcoming, but we did our best, I believe this judgement shouldn't be a freedom only to   Local Government  Chairmen but the Councillors.

" Likewise, the Council Chairmen should allow the elected Councillors to  do their job of making laws for the Council Areas."

Recall that Supreme Court (on Thursday) declared  that it is unconstitutional for state governors to hold funds allocated for local government administrations.

The seven-man panel, in the judgment delivered by Justice Emmanuel Agim, declared that the 774 local government councils in the country should manage their funds themselves.

The apex court held that the power of the government is portioned into three arms of government, the federal, the state and the local government.

The court further declared that a state government has no power to appoint a caretaker committee and a local government council is only recognisable with a democratically elected government.

 “A democratically elected local government is sacrosanct and non-negotiable,” the court said.

The judgment held that the use of a caretaker committee amounts to the state government taking control of the local government and is in violation of the 1999 Constitution.

The court ruled that state governments are perpetuating a dangerous trend by refusing to allow democratically elected local government councils to function, instead appointing their loyalists who can only be removed by them.

The court stated that it is the local government that should receive and manage funds meant for local government.

Justice Agim declared, “I hold that the state’s retention of the local government funds is unconstitutional.

“Demands of justice requires a progressive interpretation of the law. It is the position of this court that the federation can pay LG allocations to the LGs directly or pay them through the states.

“In this case, since paying them through states has not worked, justice of this case demands that LG allocations from the federation account should henceforth be paid directly to the LGs.”

The judgment held that the local government council funds must be paid to only democratically elected local government councils stating that “anything other than this will be taken as a gross misconduct.”

“A declaration that the state government has no power or control to keep the local government council money or funds.

“A declaration that the local government council is entitled to the local government allocation.

“An order of injunction restraining the defendants by themselves, agents or privies from spending local government allocation.

“A declaration that no state government should be paid any money meant for the local government.

“An immediate compliance to this judgement,” the apex court declared.

Justice Agim dismissed the objections filed by state governors.

The Attorney General of the Federation, Lateef Fagbemi (SAN), filed a lawsuit on behalf of the Federal Government, seeking to grant full autonomy and direct funding to all 774 local government councils in the country.

The AGF, in the suit predicated on 27 grounds, urged the apex court to issue an order prohibiting state governors from unilateral, arbitrary and unlawful dissolution of democratically elected local government leaders.

The FG further contended that Nigeria as a federation, is a creation of the 1999 Constitution with the President as the Head of the Federal Executive arm of the Federation and has sworn to uphold and give effects to the provisions of the Constitution.

Lagos Lawmakers Invite Attorney-General Over Supreme Court Judgement On LGs

AgegePulse Magazine

...Commend Police for successful operation against kidnappers

... Applaud First Lady Remi Tinubu for encouraging gardens

Lagos Speaker, Obasa

The Lagos State House of Assembly has invited the Attorney-General of the State, Mr. Lawal Pedro, to appear before it to explain the Supreme Court judgement on local governments in the country.

The lawmakers said there was a need for better understanding of the decision of the apex court in relation to some provisions in the Constitution of the country.

A seven-man panel of the Supreme Court had declared on Thursday that the 774 local government councils in the country should receive their funds directly from the Federal Government as well as manage such funds themselves being a tier of government.

The court further declared that allocations to local government councils run by caretaker committees were illegal.

Ruling after a voice vote by lawmakers at plenary on Thursday, the Speaker of the Assembly, Rt. Hon. Mudashiru Obasa, ruled: "There is a need for us to seek clarification and understanding of this judgement. It will be good to invite the Attorney-General to brief us and give his understanding so that we do not run foul of the judgement." 

Meanwhile, the Lagos State House of Assembly has resolved to write a letter of commendation to the Inspector-General of Police, Kayode Egbetokun, over the successful operation by men of the force that led to the elimination of nine kidnappers in the state recently.

A letter of commendation is also to be sent to the Commissioner of Police in Lagos State, Adegoke Mustapha Fayoade, for the efforts of the policemen which led to the fruitful operation.

Speaker Mudashiru Obasa, who presided over the plenary, said the police and men of the force who took part in the operation needed to be commended.

Dr. Obasa agreed with members of the House that letters be sent to Egbetokun and Fayoade further charging them not to relent in keeping the State safe for residents.

He stressed the need for stakeholders to fast-track considerations for the creation of state police to support the federal police system.

The Majority Leader of the House, Hon. Noheem Adams, had earlier recalled how the police launched the operation against some kidnappers in the Ladipo area of the state and eliminated nine of them.

According to him, there has been calm in the area since the operation was carried out.

Noheem added that the Ikorodu area of the state which hitherto had issues of kidnapping now enjoys relative peace.

In another development, the House of Assembly has applauded the First Lady of Nigeria, Senator Oluremi Tinubu, for seeking to encourage subsistence agriculture.

The Speaker said it was a beautiful idea to encourage Nigerians to have gardens in their houses arguing that this would help to create food sufficiency.

He recalled that schools had farms in the past adding that current situations call for a return to that period.

Lagos to boost Tourism, Nigeria's Cultural Heritage Through 'AfroPolis' Lagos2024

AgegePulse Magazine

Yomi Durojaye 

The Lagos State Ministry of Tourism, Art & Culture is set to host an indigenous 9days Art & Cultural event that would boost the Nigeria's rich Cultural Heritage through a tourist attractive Pan-African Festival, ‘Afropolis’, holding in Lagos by October.

Hon. Commissioner, Mrs. Toke-Benson, AfroPolis Convener, Mr. Qudus Onikeku & SA to the Governor of Lagos State, Alhaji Idris Aregbe 

Speaking at the Event's Town Hall Meeting, held yesterday at the J Randle Museum, Onikan, Lagos, the Commissioner for Tourism, Arts and Culture,  Hon. Mrs Toke Benson-Awoyinka, said AfroPolis was an initiative to  promote black cultural heritage, creativity and innovation that will boost tourism in the state and country at large.

She said the 9-day none stop event would foster collaboration, inspire innovation, celebrate the diverse traditions and creativity of rich Yoruba and Africa culture embedded with modern days technology as well as boost tourism in Nigeria starting from  October. 26 to November 3,  2024.

Benson-Awoyinka said the festival was a platform for African creatives to come together to showcase their talents, exchange ideas and collaborate on groundbreaking projects as well as create truly unique things.

“Afropolis is not just an event but a celebration of our rich cultural heritage, creativity, and innovation of Lagos state.

“Lagos, as the host city, is proud to be at the forefront of this cultural revolution. Our city is renowned as the largest black cultural melting pot in the world, and we continue to lead in various creative sectors such as music, fashion, gaming, tech, design, film, dance, AI, and research.

“Our young talents are making significant strides on the global stage, and events like Afropolis provide them with the visibility and opportunities they deserve.

“The essence of Afropolis lies in its ability to bring together a diverse array of creative minds.

“Imagine the vibrant fusion of traditional and modern expressions that will be on display, from indigenous crafts to cutting-edge digital art,” she said.

In an Opening Remarks, the founder & Convener, Afropolis Lagos2024, Mr. Qudus Onikeku, said the dream has been long and kick-starting it will be a dream come true.

The event according to him will include creative of different genre coming together to showcase their arts and creativity, exhibitions, open spoken poetry, music, dance, stage drama and many more.

SA to the Governor on Tourism, Alhaji Idris Aregbe, Managing Director of the National Theater,Tola Akerele, the German Consul General, Weert Borner; India Consul General, Chandramaoni Kumarkern; the Consul General of the Netherland amongst top dignitaries that graced the occasion.

Chi-Farms empowers Military wives with poultry equipment, birds

  

By Kazeem Akande

Chi-Farms Limited on Monday empowered 9 Brigade Nigeria Army personnel wives with poultry equipment and birds for economic sustainability.

The News Agency of Nigeria (NAN) reports that wives of military officers' wives were trained and empowered on rearing poultry birds in the 9 Brigade army barracks at Maryland Lagos.

Brig.-Gen. Adegoke Adetuyi, Commander 9 Bridge Nigeria Army while given his remarks thanks the Chi-Farms for the kind gesture given to the officers wives.

Adetuyi said that the empowerment scheme given to the the personnel wives would go a long way to help the families.

"We really thank the Chi-Farms Nig. LTD for the kind generosity to officers wives and we believe this empowerment will go  a long way to assist the beneficiaries economically," the commander said.

Dr Johannes Flosbach the General Manager (GM) Chi-Farms/Cormart in his remarks said that the empowerment was one of the methods to increase in agricultural products in the country.

 According to him, agriculture works only when there is security.

"So that's why we see it as important to empower the officers wives to increase agriculture base in the country at the same time train them for self reliant.

Mrs Mariam Babangida, one of the beneficiaries of the empowerment thanked the organiser the Chi-Farms saying the training was an eye opener to the poultry farming.

Babangida said that the poultry equipment and the birds would go a long to sustain the family economically.

"I am sure majority of us will take a good advantage of this empowerment because it's a life time opportunity for us to engage in poultry farming for economic sustainability.

"We thank the organiser and we assured them that we will make proper use of the equipment and and the birds," she said.

The News Agency of Nigeria NAN reports that 20 people benefitted from the poultry equipment and birds while 100 benefitted from the larger agricultural training.

CHI farms is a pioneer in the Nigerian livestock industry. Specialized in producing high quality producer of day old chicks, frozen chicken, catfish, meat products and more.

Felix Ajanaku,  CORMART staff among other military officers were all present at the event.

Lagos leads as 70, 603 write common entrance exam into unity colleges

AgegePulse Magazine 

A total of 70,603 candidates, on Saturday, sat for the 2024 National Common Entrance Examination (NCEE) conducted by the National Examinations Council (NECO) into the unity colleges nationwide

 Lagos leads as 70, 603 write common entrance exam into unity colleges

Registrar of NECO, Prof Dantani Wushishi, disclosed this while monitoring the exercise on Saturday at Model Secondary School, Maitama and Government Day Secondary School, Wuse 2 Abuja.

He stated that the examination was conducted in 599 centres across the country.

Wushishi said 33,335 males registered for the 2024 NCEE, while 37,268 females registered for the exercise totalling 70,603.

He lamented that the 2024 registration was lower than that of 2023 which had 34,064 males and 38,801 females, totalling 72,865.

The NECO boss attributed the low registration in 2024 to economic factors as the exam body had slightly raised the registration fee and parents, who are grappling with the effect of the economy, were responsible for sponsoring candidates at this level.

Punch Newspaper 

Egbin Power Honors Employees for Long Service and Outstanding Performance

 AgegePulse Magazine 

...reaffirms commitment to excellence, human capital development. 

In appreciation of its employees’ contributions to the sustainable progress and achievements recorded over the years, Egbin Power Plc has held its prestigious Long Service Award and Employee Recognition Award (ERA) 2024 to honour individuals and teams for their dedication and outstanding performance.

 

L-R, Head of Maintenance, Felix Ebiware; Section Head, Mechanical Workshop, Bashiru Mohammed; CEO, Mokhtar Bounour and HOD, Mechanical Workshop, Akintona Keshinro, all of Egbin Power Plc, during the company’s Long Service Awards 2024.

A total of 144 employees received the Long Service Award for completing a decade with the company as of May 2024. Additionally, numerous employees were recognized with the Employee Recognition Award for their stellar performance over the past year.

 

Recipients of the Long Service Award represented a wide range of departments, including Instrumentation & Control, Mechanical, Electrical, Human Resources, Finance, Subject Matter Expert (SME), Support Services, Technical Laboratory, Workshop, Quality Health Safety and Environment (QHSE), Procurement, Business Operations, Chemistry, and Operations.

While those who received the Employee Recognition Award were individuals recognized for the exceptional qualities displayed while carrying out their tasks, and therefore adjudged winners in the various awards categories.

 

Egbin Power emphasized that the unwavering commitment, expertise, and contributions of its employees have enabled the company to continuously provide safe and reliable power, thereby supporting the socio-economic development of the nation.

 

Speaking at the event, Chief Executive Officer Mokhtar Bounour noted that this milestone celebration reaffirms the company's culture of recognition, creating a win-win situation for both employees and employers and fostering a thriving workplace.

 

“We are celebrating our colleagues who have dedicated a decade of their careers to this company. Their unique blend of fresh talent and seasoned experience has fostered a culture of innovation and continuous improvement, positioning Egbin Power at the forefront of the power generation industry” said Bounour.

 

He added, “Your contributions extend far beyond the walls of this company. By powering homes, businesses, and vital infrastructure, you have directly impacted the lives of millions. The stability you provide allows industries to thrive, communities to flourish, and society to get better.”

 

Bounour further noted that the energy sector is evolving rapidly, presenting new challenges and opportunities. “I have no doubt that with your continued support and dedication, we will navigate this changing landscape successfully and continue to lead with innovation and excellence. As we look towards the future, your expertise and unwavering spirit will continue to be instrumental in powering a brighter tomorrow for Nigeria.”

 

Egbin Power Plc takes immense pride in its dedicated workforce. The Long Service Awards are a testament to the company's commitment to recognizing and rewarding the exceptional contributions of its employees. As they look towards the future, Egbin Power, fuelled by its dedicated team, remains confident in its ability to continue powering progress and shaping a brighter future for Nigeria.

The company affirmed that the Board and Management are committed to creating a positive and supportive work environment that recognizes and rewards employee contributions while constantly strategizing to drive innovation, promote human capital development, and improve operations to deliver positive results for the power sector.

Lagos Commissioner, Toke Benson, Proffers Solutions Challenging Tourism Industry ...Holds Stakeholders' Engagement To harness Businesses in the sector

...Holds Stakeholders' Engagement To harness Business in the sector

AgegePulse Magazine 

The Lagos State Commissioner for Tourism, Arts and Culture, Mrs Toke Benson-Awoyinka today organized  a stakeholders in hospitality sector to proffer solutions challenging the Tourism sector in the state.

Lagos Commissioner, Toke Benson, Proffers Solutions, Challenging Tourism Industry,

The program, Themed: Addressing Current Industry Challenges, Exploring Emerging Trends, Understanding Policy Frameworks and Unveiling Collaborative Opportunities Within The Entire Hospitality Value Chain at  Zinnia Hall, Eko Hotel & Suites, Lagos.

Speaking at the event, Mrs. Toke Benson-Awoyinka said The hospitality sector plays a vital role in the economic development of Lagos State. This sector does not only provide employment to thousands but also serves as a gateway for showcasing our rich cultural heritage, vibrant arts scene, and unparalleled hospitality. 

Commissioner on Tourism, Mrs. Toke-Benson, Awoyinka

"It is my great pleasure to welcome you all to this important engagement session with tourism stakeholders in the hospitality sector and I feel honored to address you today on the critical issues, emerging trends, and opportunities within our industry.

Discussants

"We are all not unaware of the significant challenges our industry faces, from the aftermath of the COVID-19 pandemic to evolving customer expectations and increased competition. 

Attendants

"With this gathering, we want to address these challenges head-on. We must adapt to the changing landscape by embracing new technologies and sustainable practices.

"Emerging trends in this sector such as digital transformation, eco-tourism, and personalized customer experiences are reshaping the way we operate. It is imperative that we stay ahead of these trends to remain competitive and relevant.

"In Lagos State, we are committed to creating an enabling environment for the hospitality sector to thrive. Our policy frameworks are being continually reviewed to ensure they support growth, innovation, and sustainability. We are also focused on improving infrastructure, enhancing security, and promoting Lagos as a prime tourist destination. 

We strive to make the industry, as with other climes, data driven, through the capturing of the entire hospitality sector on a database we can also share with the rest of the world.  We are digitizing our registration processes and would no longer operate manually in this capturing process. 

"You must also agree with me that data is important not only for growth and expansion but also for SECURITY of lives and property within and around your establishments. 

We seek your cooperation in this very important exercise as we strive to make it seamless as the methodology would be communicated to you accordingly. 

"The fact remains that collaboration is key to achieving our objectives. By working together, we can create a seamless and memorable experience for tourists who depend on such data in that critical decision on destination choice.

The sanctity and safety of your establishment also comes into focus, drugs, vices and environmental nuisances play a major role and such must be curbed to further make us a destination of choice and enhance Lagos as a LIVE WORK AND PLAY environment. 

"You will agree with me that this gathering is long over due considering happenings in the hospitality sector, emerging trends and the need for us to always share views on how to improve this sector and continue to operate inline with acceptable best practices

Addressing to gathering with the topic , Enhancing Compliance in the Hospitality Sector, The GM Lagos State Safety Commission, Mr. Lanre Mojola, Special Adviser on Transport, Hon. Shola Giwa, Chairman, LIRS, Mr. Ayodele Subaru, Special Adviser on Tax, Mr. AbdulKabir Ogungbo and GM LASEPA, Dr. Tunde Ajayi among others expressed feeling of making a tourism sector a collaborative opportunities within the Hospitality value chain.

They advised Lagosians To Explore Tourism and  Water Transportation as part of activities to curb traffic congestion in Lagos with the effort of Mr. Governor, Mr. Babajide Olusola Sanwo-Olu investing hugely to ensure water transportation is safe for all.

Issues of multiple Taxation, Land Use Charge, noise pollution, illegal parking, noise pollution, and policies endangering an healthy business environment were all discussed.

In the area of Public-Private Partnership, President Hotel Owners & Managers Association of Lagos, Chief Alabi, President Restaurants Cafes, Bars and Club, Mrs. Tannaz Eterbarian, CEO, Koko Beach, Hotel & Resorts, Mr. Richard Shittu and Owner of Ile-Iya, Mr. Mustapha Olasunkanmi all discussed on strengthening a collaborative efforts towards government policies and frames works, simplicity in visa application that will harness  hospitality business a point of call for Nigerians at home and in diaspora, noting that all these were put together to  overcome the challenges, harness the opportunities, and set new benchmarks for excellence.

Children's Day: LAWMA Boss Tasks Parents on Recycling Education for Kids

 AgegePulse Magazine

Children's Day: LAWMA Boss Tasks Parents on Recycling Education for Kids

As the world commemorates Children’s Day, Managing Director/CEO of the Lagos Waste Management Authority (LAWMA), Dr. Muyiwa Gbadegesin, has tasked parents on early teaching of waste sorting and recycling to their children and wards, to build a sustainable environment for the future.

He said this at the agency’s headquarters, Ijora-Olopa, as LAWMA celebrated with children, featuring a series of educational activities and games designed to engage children and raise awareness on environmental sustainability.

Gbadegesin highlighted the significance of instilling proper waste management habits in the younger generation, stressing that parents had an important role to play in educating their children about recycling and waste sorting, noting that early education on these topics was essential for fostering environmentally responsible citizens.

He said, "Teaching our children about recycling and proper waste management is required for the future of our environment. As parents, it is our responsibility to ensure that they understand the impact of their actions on the planet. By incorporating these lessons into their daily lives, we can nurture a generation that is conscious of their environmental footprint and committed to sustainable practices."

The LAWMA boss stated that the Authority’s commitment to environmental education extended beyond Children's Day, as the agency had been actively involved in numerous initiatives aimed at promoting waste management education in schools and communities across Lagos State, which included school outreach programs and community clean-up campaigns.

"As an organisation, LAWMA is dedicated to creating a cleaner and healthier Lagos. Our efforts in promoting waste management education are part of our broader mission to foster a culture of environmental responsibility. We believe that by educating our children, we are laying the foundation for a greener future", he noted.

In her goodwill message, Director of Environmental Education Unit, Ministry of Environment and Water Resources, Mrs. Monsurat Banire, represented by Mrs Olufunke Olaleye, commended the Authority for investing in children, noting that children were the greatest investment.

She said: "When we involve children in anything we do, we are assured of a better and sustainable future.  The Ministry of Environment knows the value of environmental education and that is why we have the unit to raise you all as environmental ambassadors, who will preserve our planet. I celebrate you all and I wish you a wonderful celebration ".

Also speaking, the head of LAWMA Academy Training and Development, Mrs. Bola Adewumi, noted that the Authority was committed to raising children to become ambassadors of sustainable environmental practices, urging the children to maintain a positive attitude to the environment, to make it people-friendly.

Other LAWMA Management staff who gave their good will messages were: Director, Public Affairs, Mrs. Kadiri Folashade;  Deputy Director, Special Duties, Mr. Oluwakemi Sulaimon; Director of Admin and HR, Ms. Ranti Dosunmu; Deputy Director, Commercial Services, Mrs. Abimbola Opayemi; Deputy Director Medical Services, Health and Safety, Dr. Modupe Okoh; Deputy Director , Waste Management Research, Policy and Development, Dr. Essien Nsuabia; Deputy Director, Circular Economy, Mrs. Jirinsola Okubanjo; Head Customer Care and Corporate Engagement Unit, Mrs. Aramide Olaniyan, among others

For more information about LAWMA's initiatives and how to support efforts to maintain a clean environment, please visit www.lawma.gov.ng or call our toll-free numbers: 080000LAWMA (08000052962), 07080601020 and 617.

LAWMA Launches “Know Your PSP” Campaign for Effective Service Delivery

 AgegePulse Magazine

The Lagos Waste Management Authority (LAWMA), has launched "Know Your PSP" campaign, an initiative aimed at improving communication and cooperation between residents and Private Sector Participation (PSP) operators, responsible for waste collection.

Commenting on the initiative, managing director/CEO of LAWMA, Dr. Muyiwa Gbadegesin, said the campaign was aimed at improving waste management practices throughout the state, adding that the initiative would provide residents with detailed information about the specific PSP operators assigned to their areas, for contact and for reporting issues or requesting additional services.

He said, "The 'Know Your PSP' campaign is a crucial step in our on-going effort at improving waste management in Lagos State. By equipping residents with the knowledge of who their PSP operators are and how to reach them, we are fostering a collaborative effort for a cleaner city. This initiative will not only enhance service delivery but also promote accountability and responsiveness among PSP operators."

Gbadegesin said LAWMA had established dedicated helplines and online platforms, where residents could easily access information about their designated PSP operators, report issues, and provide feedbacks, adding that this would make it easier for residents to communicate with their waste services providers, so that challenges were promptly addressed and services consistently delivered.

He noted further, that investigation showed that some residents did not even know their PSP operators nor their contacts, making it impossible to interface with them, on any area of service provision.

"By providing residents with easy access to information and a direct line of communication with their PSP operators, we are making it easier for them to report issues and request services. This streamlined approach will help us address concerns more efficiently and ensure that waste collection services meet the needs of all residents", he said.

The LAWMA boss appealed to the populace to desist from acts of indiscriminate waste dumping and patronage of the outlawed cart pushers, capable of worsening environmental challenges in the metropolis, especially flooding, as the rains set in.

For more information about LAWMA's initiatives and how to support efforts to maintain a clean environment, please visit www.lawma.gov.ng or call our toll-free numbers: 080000LAWMA (08000052962), 07080601020 and 617.

Lagos launches Last Mile Meat Shops & Butchers Academy

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The State Commissioner for Agriculture, Ms. Abisola Olusanya cutting the tape

The Lagos State Government has taken giant steps towards revamping the process of selling red meat in the metropolis by ensuring proper hygiene before the product gets to the final consumers.

The State Commissioner for Agriculture, Ms. Abisola Olusanya disclosed this in Alausa at the launching of the last Mile Meat Shops and Butchers Academy

She said that the initiative was to give residents confidence on what they consume while also making it look presentable with standard facilities to encourage youth to come into the space. 

The commissioner further noted that the essence of the initiative was for residents to embrace butchery and correct the erroneous impression that the profession is reserved for the unenlightened.

Olusanya noted that the 20 feet containers designed as pilot scheme for the initiative can be easily transferred from one location to another.

According to her, each meat shop is to be manned by four youth allocated a cow slaughtered at approved government abattoirs and brought to them under hygienic conditions and processes.

She therefore demanded for collaboration with the private sector to enlarge the scheme noting that they have started with 20 feet containers and hope to increase it soon to 40ft.

Going back memory lane, Abisola Olusanya explained that the initiative was part of the Lagos State Agriculture Roadmap adding that the initial plan was to have 20 for a start but was cut to 5 in the pilot scheme. 

According to her, the overhauling in the transportation sector led to the introduction of Eko Meat Van that ended the era of conveying meat through unwholesome practices.

She also pointed out that the Cattle feed lot in Lagos is ongoing and part of the promise made by the Babajide Sanwo-Olu led government which will be delivered soon.

On his part, the Chairman Lagos House of Assembly Committee on Agriculture,  Hon Emmanuel Olotu commended the ministry for introducing ideas that will bring food and comfort to the door steps of residents.

He urged the Butchers Association to ensure that they put into practice what they learnt during training at the Butchers Academy. 

The Chairman House Committee on Agriculture stressed that the Butchers must realise the fact that they are attending to over twenty million residents and should be wary of what they pass on to them.

While adding his voice, the Special Adviser to the Governor on Agriculture, Dr. Oluwarotimi Fashola said that the iniative was a quality controlled measure in the state to give value for money. 

He assured that all the Meat Shops will sell in Kilogramme by weight for uniformity purpose.

The Permanent Secretary in the Ministry, Mr Emmanuel Audu described the event as groundbreaking adding issues around meat consumption is important for human existence.

He also disclosed that food safety cannot be overlooked recalling that COVID 19 had its root in an animal market in China. 

The Permanent Secretary further said that the initiative was to assist in value chains in meat distribution as safety and quality are being addressed with the launch.

Emmanuel Audu concluded that the Last Mile Meat Shops was a new dimension especially with youth involvement in the process and hope the project will receive full acceptance by Lagos residents.

In his goodwill message, the Chairman, Lagos State Chapter of  Butchers Association, Alhaji Kazeem Bakare thanked the Lagos State Government for iniating the project described as innovation to his members.

He said that the nature and value of cows slaughtered now is different from the one many years back.

According to him, the Butchers Association will embrace the new idea for safe handling of cow meat in the state promising that it will bring back some of members who have left the job for Okada and Marwa. 

Alhaji Kazeem Bakare urged other states in the country to embrace the innovation in order to restore sanity to the handling meat among their residents.

The Managing Director of Palilar Pal Meat International, Apostle Olawale Talabi appreciates the Governor for the opportunity, adding the vision of the Commissioner is coming to fruition.

He believes that the measure will guarantee high hygienic standard for the sale of meat to consumers in the state and allow the Butchers to earn more money.

Apostle Talabi further said that there is huge market for cow meat in Lagos noting that over 2,500 were slaughtered on a daily basis.

He disclosed that plans are underway to have the Meat Shops across the metropolis.

The Last Mile Meat Shops are located in Ijeh area of Dolphin Estate, Surulere and Mushin.

LASG Advises Due Diligence On Real Estate Business Transactions

AgegePulse Magazine

LASG Advises Due Diligence On Real Estate Business Transactions

Lagos State Government has advised potential real estate investors to always check the registration portal of the Lagos State Real Estate Regulatory Authority (LASRERA) via its website: lasrera.lagosstate.gov.ng for the list of registered individuals/organisations captured on the agency’s database before committing to any real estate business transactions in the state.   

Special Adviser to Lagos State Governor on Housing, Barr. Barakat Odunuga-Bakare

The Special Adviser to Lagos State Governor on Housing, Barr. Barakat Odunuga-Bakare gave this advice on Thursday at the Y2024 Ministerial Press Briefing held at Bagauda Kaltho Press Centre, Alausa, Ikeja.

Responding to the growing concerns raised over unregistered real estate practitioners and the proliferation of imposters, Barr. Barakat Odunuga-Bakare emphasised the importance of due diligence, especially in areas where new estates and construction works are ongoing.

She highlighted the efforts of the Lagos State Government through LASRERA to safeguard both local and international investors from falling victim to fraudulent schemes.

She disclosed that the strategies put in place by the state government to regulate activities within the real estate sector will serve as a deterrent to fraudulent practices within the real estate sector and enable swift intervention and sanctions against erring practitioners.

Odunuga-Bakare also underscored the effectiveness of LASRERA’s regulatory measures, noting that the agency’s database currently boasts 925 registered individuals and organisations, with an additional 2550 practitioners in the process of enrollment.

“LASRERA has a database of 925 registered individuals/organisations on its registration portal while over 2550 practitioners have enrolled to be registered”. Odunuga-Bakare stated.

Adeoti Sobowale 

Deputy Director,

 Public Affairs ,

LASRERA .

15th May, 2024.