Employment: FG To Revamp Moribond Textile Industries, Sanwo-Olu, Uzodimma To Lead

 The Federal Government is mulling a revamp of the textile industries in Nigeria to leverage on its job creation potentials.

Uzodinma and Sanwo-Olu 

To this end, the Vice President, Kashim Shettima hosted a number of stakeholders at the Presidential Villa Abuja on Tuesday, which included the governors of Lagos and Imo State to draw ideas on how best to go about revamping the moribond industries.

Recall that Nigeria was a net producer of cotton used in the production of textiles, with major industrial hubs located in Lagos and Kaduna States.

Over the years, the sector dwindled in production leading to mass retrenchment of workers, partly attributed to government policies and neglect of the sector.

Imo Governor, Hope Uzodinma said it was germane for those in the helm of affairs to do everything within its power to stimulate the Nigerian economy, hence the buy-in of governors to the project.

He said, “Like the United Nations Cotton Manufacturing, the entire production chain of cotton is up to 10 sides and the whole idea is to leverage on this opportunity to revamp the industries in Nigeria, which many of them are now moribond, particularly in the cotton and textile sector.

“This is a new opportunity that is creating a new partnership for us to cross pollinate ideas with experts, to bring new skills, new ideas and new innovations into revamping the industries in Nigeria, and that will create jobs and engage our young men and women that are currently roaming the streets.

“So for me, I am very excited to be part of this conversation that will now revamp the economy of the country. Is a new partnership which we will leverage on.

“Before this time, you will agree with me, in Lagos State, Isolo area to be precise, you see so many textile industries. Kaduna was famous as a centre for cotton production and textile mills. In the northern areas the land was very fertile for growing cotton and then processing cotton. So I think we need to stimulate the economy. We need to create more jobs, we need to redefine Nigeria. We need to engage our young men and women, and then align properly with the new digital age for production and economic stimulation”.

Corroborating Uzodinma, the Lagos State Governor, Babajide Sanwo-Olu urged Nigerians to patronise made in Nigeria textiles because of the impact it would have on the economy.

He said the textile industries have the potential of engaging over 15 to 20 million Nigerians hence the critical nature of the sector.

“If we are growing cotton, are we ready to patronize the ones we are producing locally? Because that’s one issue the textile manufacturers raised, that when they manufacture fabrics many persons prefer the ones from Italy?

” So I think the explanation has been made. Part of the things that you see with our garment manufacturer, is actually polyester, not cotton. And polyester happens to be cheaper than cotton. You know, cotton is a higher grade to sew as against using polyester if our refineries were working for what we’ve also been made to understand now is actually supposed to be one of the byproducts coming out from the refinery.

N100m Empowerment: Why I Gave N100k To 5-Visually Impaired Persons- Johnson Babatunde

By Ayodele Awosika 

Hon. Johnson Babatunde yesterday presented One Hundred Thousand Naira Empowerment form to Five visually impaired people in Orile-Agege LCDA.

 N100m Empowerment: Johnson Babatunde Presents N100k To 5-Visually Impaired Persons

Yesterday, the Executive Chairman, Orile-Agege LCDA, Hon. Johnson Babatunde presented 100-thousand Empowerment program forms to Five visually impaired people in Orile-Agege LCDA.

Babatunde said, the One thousand Naira will help the beneficiaries for the upkeep of the lives and promised to continue his support to make live better for them.

"Their challenges as visually Impaired requires all time check on them as live can be more miserable when we leave them on cater for".

The forms were received by Mr. Wale of 6, Hassan Adejobi Street in Papa-Ashafa, Orile-Agege, on behalf of his colleagues.

While receiving the forms yesterday, Mr Wale thanked the Chairman for his large heart and said the Chairman has proven beyond doubt that he’s truly a Man of the People. He thanked the Chairman for deeming them worthy enough to come to their Residents to Present them the Empowerment forms.

LAGOS STRENGTHENS EFFORTS TO COMBAT HEPATITIS AMID RISING PREVALENCE

 By Ayodele Awosika 

...Marks Y2024 World Hepatitis Day with Symposium

...Tasks Residents on Preventive Measures

...Screens and Vaccinates Over 5,000 Residents

The Lagos State Government has taken significant strides in the fight against Hepatitis, launching comprehensive initiatives to curb the spread of the virus. At a symposium marking World Hepatitis Day in Lagos today, the Permanent Secretary of the State Ministry of Health, Dr. Olusegun Ogboye, outlined the state's efforts, including subsidized Hepatitis C testing, vaccination of residents, and extensive community outreach programs aimed at reducing the disease's impact on the population.

Speaking at the symposium held at Folarin Coker Staff Clinic, Alausa, Ikeja, Dr. Ogboye emphasized that the fight against viral Hepatitis must be intensified in order to address the 2024 World Health Organization (WHO) Global Hepatitis report, which indicates that deaths resulting from viral Hepatitis have become the second leading cause of death, with about 1.3 million deaths annually, globally, 100 times more than HIV/AIDS.

Dr. Ogboye highlighted that a baseline report showed a higher prevalence of Hepatitis B (HBV) and Hepatitis C (HCV) in Lagos compared to the national average. He stated, "In 2016, a baseline assessment conducted with support from the Lagos State Government showed a higher prevalence of HBV and HCV (5% and 1%) when compared to the national average. These figures suggest that an estimated 2 million and 200,000 Lagosians are chronically infected with Hepatitis B & C, all of whom are at risk of developing cirrhosis and primary liver cancer if left untreated."

Explaining the significant steps taken by the state government towards mitigating Hepatitis, the Permanent Secretary said the state launched the Hepatitis Control Program in 2017 with a dedicated budget line. Dr. Ogboye disclosed that the state government has provided access to Hepatitis C viral load testing at subsidized prices, stressing that 435 Hepatitis C viral load tests have been performed in two diagnostic facilities in collaboration with the Clinton Health Access Initiative (CHAI). He added that the state government has also screened and vaccinated about 5,000 individuals, primarily health workers, across the state.

"The state government has provided access to Hepatitis C Viral Load testing at subsidized prices. About 435 Hepatitis C Viral Load tests have been performed thus far in two diagnostic facilities in collaboration with the Clinton Health Access Initiative (CHAI). Recently, the state has also provided screening and vaccination for over 5,000 persons, mainly healthcare workers, complemented by extensive community outreach programs," he said.

Reaffirming the commitment of the current administration to the fight against viral Hepatitis, Dr. Ogboye commended stakeholders for supporting the state government in this effort. He assured that the government would continue to engage relevant stakeholders and citizens in the prevention and control of the disease while implementing strategies to eliminate the scourge of infections in the state.

Earlier in his remarks, the Director of Disease Control in the State Ministry of Health, Dr. Rotimi Agbolagorite, explained that Hepatitis viral infection causes liver inflammation and damage and remains one of the deadliest infectious diseases, accounting for over 1.3 million deaths yearly. He further stated that the Y2024 World Hepatitis Day Celebration, themed "It is time for Action," aims to raise public awareness of Hepatitis's devastating effects and to upscale efforts to end the global scourge.

"We gather on this crucial day to mark World Hepatitis Day to raise public awareness about the devastating effect of Hepatitis on health and to scale-up efforts to end the global scourge," he said.

Speaking in the same vein, the Lagos State Viral Hepatitis Control Program Coordinator, Dr. Mazeedat Erinosho, explained that beyond the World Hepatitis Day celebration, the State Ministry of Health has been consistently conducting community awareness campaigns. "These campaigns aim to inform citizens about the government's prevention and control strategies and provide basic information on where and when to seek medical intervention against the deadly disease," she said.

Dr. Erinosho commended the commitment of the Lagos State government toward the prevention, care, increased awareness, and treatment of Viral Hepatitis. She assured that the government is intensifying efforts to reduce mortality rates due to the disease by 95% and 65% respectively by 2030.

The symposium lecturer, a Consultant Gastroenterologist at the Lagos State University Teaching Hospital (LASUTH), Dr. Rufina Igetei, explained that about 90 to 95% of Nigerians acquire the infection in childhood, either through the placenta from an infected mother or childhood spread. Dr. Rufina urged residents to take precautions against the deadly disease by getting tested and vaccinated, maintaining good personal and environmental hygiene, and avoiding the sharing of sharp objects.

Egbin Power Bags Triple ISO Certifications, Reinforces Commitment to Operational Excellence

  By Ayodele Awosika 

Underscoring its unwavering commitment to high operational standards and quality management systems, Egbin Power Plc, Nigeria’s largest power generation company, has been certified to three ISO standards.

Chief Operating Officer, Envirowatch, Oyenike Shobowale; Chief Technical Officer (CTO), Egbin Power, Sikiru Gbadamosi; CEO, Egbin Power, Mokhtar Bounour and Head of QHSE, Egbin Power, Julius Akpong during the presentation of ISO 45001:2018, 14001:2015 and 9001:2015 Certificates to Egbin Power in Ikorodu, Lagos.

The certifications are ISO 45001:2018 (Occupational Health & Safety Management System), ISO 14001:2015 (Environment Management System), and ISO 9001:2015 (Quality Management System). According to the Genco, the certifications further endorsed the management’s dedication to exceptional operations and processes.  

The Chief Executive Officer of Egbin Power, Mokhtar Bounour, described the certification as a pivotal achievement for Egbin Power, as it further strengthens its position as a responsible corporate organisation and demonstrates the company’s commitment to creating a safe and healthy work environment, implementing environmentally friendly initiatives, and delivering best-in-class service in the power sector.

“This certification is a testament to our robust compliance with global best practices, as we implement and adhere to the highest standards in our operations, and also establish a comprehensive framework for managing occupational health and safety, environmental impacts, and quality processes,” Bounour said.

Speaking further, he reaffirmed that Egbin Power remains steadfast in its pursuit of excellence and will continue to invest in initiatives that enhance its performance in the power sector, noting that the company is committed to leveraging these certifications to drive continuous improvement and create sustainable value for all stakeholders.

According to the Genco, the ISO 45001:2018 certification validates Egbin Power’s robust occupational health and safety management system, ensuring the well-being of its employees and contractors. The ISO 14001:2015 certification recognizes the company’s commitment to environmental stewardship and sustainable practices, while the ISO 9001:2015 certification underscores Egbin Power’s dedication to delivering consistent, high-quality services.

The company’s Head of Quality, Health, Safety, and Environment (QHSE), Egbin Power, Julius Akpong, said the company has a deeply entrenched safety culture and effective management system that guide employees and the company’s operations, thereby ensuring excellence at all times.

“At Egbin Power, we have instituted a structured approach to occupational safety management over the years, while upholding workplace safety not just as a priority but as part of our core value, which affirms our Safety culture, Professionalism, Integrity & Discipline as well as  Commitment to Stakeholders, Environmental Consciousness and Sustainability).

“We continuously standardise our processes and procedures as part of the effort towards strengthening operational safety and ensuring due diligence. Our focus has been the safety of people, equipment, environment, and materials, thereby leading to improved governance, enhanced operational excellence, and sustainability,” Akpong explained.

Egbin Power Plc is Nigeria’s largest power generation company, committed to providing reliable and sustainable electricity to the nation. With a focus on operational excellence and environmental responsibility, the company is driving the country’s power sector towards a brighter future.

Court Sentences two persons to Prison over IE Transformer Vandalism

By Ayodele Awosika:

The Lagos State Magistrate Court in Ejigbo has handed down sentences to two individuals for vandalizing transformers belonging to Ikeja Electric Plc.

Abubakar Alido received a one-year sentence for vandalizing a 500KVA transformer on Michael Aladesuyi Street, Egbeda, under the Omo Osho 11KV Feeder, while Ishola Olatunji was sentenced to six months for attempting to vandalize a transformer on Karimu Laka Street, Egbeda, under the Orelope 11KV Feeder. Alido was apprehended by a security guard and handed over to the police. The incident occurred when Alido was found tampering with the transformer cables.

 Court Sentences two persons to Prison over IE Transformer Vandalism

Upon investigation, the police arraigned Alido at the Magistrate Court 1, Ejigbo, on June 14, 2024. He was charged with wilful damage of transformer cables, contrary to Section 339 and punishable under Section 350 of the Lagos State Criminal Law of 2015. Alido pleaded guilty when the charges were read to him. The case was adjourned to July 2, 2024, for sentencing.

On the adjourned date, the prosecutor summarized the facts, and Alido admitted them as true. His statement to the police was tendered and admitted as Exhibit A. Consequently, the court sentenced him to one-year imprisonment, effective from his arraignment date. The court highlighted the importance of this sentence as a deterrent to other vandals, given the rising incidence of such crimes in the area.

In a similar case, Ishola Olatunji was caught by members of the Karimu Laka community attempting to vandalize a 500KVA transformer. The community members, vigilant and proactive, handed Olatunji over to the police. Following an investigation, the police arraigned Olatunji at the Magistrate Court 1, Ejigbo, on March 11, 2024. He was charged with the attempted theft of transformer cables, punishable under Section 287 of the Lagos State Criminal Law of 2015.

Olatunji initially pleaded not guilty and was granted bail, with an order for remand at the Kiri-Kiri Correctional Facility pending the perfection of his bail conditions. However, he later opted to change his plea to guilty. During the hearing, the prosecutor summarized the case facts, which Olatunji admitted to. His statement to the police was also tendered and accepted as Exhibit A. The court then sentenced him to six-month imprisonment, counting from his arraignment date.

Speaking on the judgments, the Business Manager of Akowonjo Business Unit, Engr. Abayomi Bolorunde expressed satisfaction and hope that these sentences would serve as a strong deterrent to other potential vandals. He reiterated Ikeja Electric's commitment to curtailing the vandalism of its assets, emphasizing the significant damage such activities cause to the company's operations and the inconvenience they bring to customers. He urged communities to remain vigilant and report any suspicious activities, as vandals continue to devise new methods to disrupt electricity supply and plunge customers into darkness.

Ikeja Electric's spokesman and Head of Corporate Communications, Mr Kingsley Okotie commended the joint efforts of both the Security and Legal teams at Ikeja Electric, as well as other external stakeholders and thanked them for their dedication while ensuring that the cases were pursued to a logical conclusion. He lamented the adverse impact of vandalism on Ikeja Electric's business and assured that the company would continually leverage its relationships with the police and other community stakeholders to get the vandals out of business.

He reiterated that proactive measures taken by Ikeja Electric and the collaboration with local communities highlight the ongoing battle against infrastructure vandalism, ensuring that perpetrators face the full wrath of the law while safeguarding essential services for the public.

I Will Expose the Truth When the Time Comes – NNPC Boss Kyari Speaks on Sabotaging Economy

AgegePulse Magazine 

  – NNPC Boss Kyari

The Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has declared that he will reveal the truth about the company’s operations when the time is right.

Kyari made this assertion on Wednesday while testifying before a Senate ad-hoc committee investigating alleged economic sabotage in the petroleum industry.

Led by Senator Opeyemi Bamidele, the committee is probing the oil firm’s activities amidst controversy and public scrutiny.

Kyari denied any involvement in the importation of sub-standard products, stating that NNPCL is committed to transparency and honesty.

The CEO expressed frustration over unfair media attacks, which he believes are aimed at tarnishing the company’s reputation and creating the impression of economic sabotage.

“We are not criminals, we are not thieves,” Kyari said. “We will protect our dignity so we can serve this country.”

Kyari also revealed that the oil and gas industry is bleeding, hinting at undisclosed issues which “they” knew that cannot be made public “until the time comes.”

Native Reporters

Nationwide Protest: Lagos Speaker, Obasa, Dr. Wale Ahmed, Agege Leaders Engage Residents

...Say Agege enjoying democratic dividends

- religious leaders, traditional rulers say no to protest

AgegePulse Magazine 

The Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa, and other leaders in the Agege area of Lagos met on Wednesday emphasising the need for unity, resilience and patience as the country anticipates a nationwide protest.

The leaders also met with various youth groups in the area reminding them that President Bola Tinubu is working to resolve the challenges facing Nigeria.

The 10-day protest is expected to commence on Thursday, August 1, 2024, but Dr. Obasa said Agege is a special part of Lagos where residents have experienced democratic dividends, especially in the area of infrastructure which has boosted businesses.

The Speaker urged the leaders to advise and plead with their children and other residents against engaging in any activity that could incite violence in the state.

"We are enjoying the dividends of democracy in Agege especially and our governor is trying for us. There are a lot of developmental projects ongoing in Agege. If the government is doing all these, why would any of us want to be combative against the government?

"The world is just coming out of COVID-19 and there are global crises and wars. So it is not just about Nigeria. If you go to Sudan, close to us here, landlords have forgone their homes. Libya was once like a European country, go there today. We all need to be patient.

"Our pastors and Imams here, we should teach messages of peace, unity and patience every time we preach especially at this time. 

"Inflation is a general issue, it is not isolated. The President is seriously working on it. He is just one year in office and this is too short to resolve all the problems," Obasa told the stakeholders including religious and traditional leaders, heads of markets, civil society groups, artisans and community development associations.

On his part, Wale Ahmed, a member of the House of Representatives, emphasised the unity in Agege while expressing optimism that the youth would not be part of a protest that has a tendency to escalate into violence.

"Even if those participating in the protest try to provoke you, just ignore," he told the gathering.

The chairmen of the two local government councils in the area, Chief Ganiyu Egunjobi and Johnson Babatunde, reiterated the need for the residents to protect government infrastructure adding that this can be done with their non-participation in the protest.

Egunjobi recalled the last EndSARS protest that resulted in the burning of vehicles and other infrastructures.

"Police stations were set ablaze and the guns were taken away.

"So, let us all speak to ourselves and understand ourselves. The President is just a year in office," he said.

The Alaige of Agege, Oba Ambaliu Agbedeyi, who spoke on behalf of traditional rulers, said Agege is lucky to have good political leaders who have the interests of the residents at heart.

He prayed against any evil plots against their domains.

Also in attendance are Agege LG chairman, Hon. Ganiyu Egunjobi, Orile Agege LCDA Chair, Johnson Babatunde , Hon Taofeek Adaranijo Mhr , Ab Aileru , Oluwagbenga Abiola Omaco , Hon Jubreel Ayodeji Abdulkareem , Dr. Wale Ahmed , Fatai Olagoke Ajibola amongst others.

Hunger Protest: Agege youths urged to embrace dialogue

 AgegePulse Magazine 

In a bid to maintain peace and stability in Agege, a grassroots mobilizer and founder of Taiwo Olasunkanmi Samuel Campaign Organisation (TOSCO), has appealed to youths in the community to reject the proposed nationwide hunger protest.

Hunger Protest: Agege youths urged to embrace dialogue

In a statement released by TOSCO's publicity secretary, Adebola Kazeem, Olasunkanmi emphasized the need for youths to be patient with the current administration, led by President Tinubu, who he believes is committed to addressing the country's challenges.

Olasunkanmi urged protesters to seek alternative, peaceful channels for communication with the government, such as the Ministry of Youths and other youth agencies, to ensure a better Nigeria.

As calls for nationwide protests gain momentum, Olasunkanmi warned against any form of violence, citing the devastating consequences of the 2020 EndSARS protests.

 He appealed to protesters to conduct themselves peacefully and avoid actions that could lead to violence, while also urging security agencies to identify potential hotspots and secure protesters.

The appeal comes as concerns grow about the potential for unrest and violence in the face of rising hunger and discontent among Nigerians. By urging youths to shun the protest and embrace peaceful dialogue, Olasunkanmi hopes to prevent a repeat of past conflicts and promote a more constructive approach to addressing the country's challenges".

N100mMega Empowerment Program: A Significant Manifestation For The Upliftment of Orile Agege Residents - Hon. JS Babatunde

AgegePulse Magazine 

The Executive Chairman of Orile Agege LCDA, Hon. Johnson Babatunde, also known as "Mr. Project" has reiterated his commitment towards reducing poverty and Upliftment of the good people of Orile Agege LCDA.

Speaking with AgegePulse Magazine in a brief interview, Hon. Babatunde said the upcoming Mega Empowerment Program is a monumental step towards fulfilling our promise to empower and uplift every member of this great community.

"When I assumed office, I made a commitment to work tirelessly for the betterment of Orile Agege. This Mega Empowerment Program is a significant manifestation of that promise. It is designed to provide tangible support to our people, enhancing their lives and creating opportunities for growth and development.

"As part of this initiative, we will be distributing N100,000 each to 1,000 deserving individuals. This financial boost is intended to help them start or expand their businesses, support their families, and pursue their dreams. By empowering our residents financially, we aim to foster entrepreneurship, reduce poverty, and stimulate economic growth within our community.

"In addition to financial support, we are presenting an ambulance to ensure timely medical responses during emergencies. This ambulance will play a crucial role in saving lives and improving our healthcare infrastructure. Our commitment to the health and well-being of our people is unwavering.

"We are also introducing a vigilante vehicle to enhance security in Orile Agege. Safety and security are fundamental to the prosperity of any community, and we are determined to provide our local security team, the paramole, with the necessary tools and support to keep our neighborhoods safe and secure.

"Our focus on environmental sustainability is reflected in the introduction of an environmental bus. This will significantly improve our waste management efforts, ensuring a cleaner and healthier Orile Agege. A clean environment is vital for the health and prosperity of our community.

"Transportation is another critical area we are addressing. By introducing more minibuses, we aim to improve local transportation, making it more convenient and efficient for our residents and students to move around.

"We will leave no stone unturned in our efforts to empower and uplift the citizens of Orile Agege. Our administration is committed to creating a community where everyone has the opportunity to thrive.

"I would like to extend my heartfelt gratitude to the good people of Orile Agege for their unwavering support and trust in my administration. Your encouragement and cooperation have been instrumental in driving our initiatives forward. Together, we are building a stronger, more vibrant community.

"After this press conference, we will be visiting various media outfits to ensure wider publicity for this Mega Empowerment Program. We believe that with your support, we can reach a broader audience and maximize the impact of our initiatives.

"To the esteemed members of the media, I want to thank you for your presence here today and for your continued support. Your role in disseminating information and shaping public opinion is crucial. I kindly request favorable publicity for this program, as it is aimed at bettering the lives of our people and enhancing the overall development of Orile Agege". Mr. Project concluded.

Lagos Assembly Pleads With Youth Over Planned Protest

 AgegePulse Magazine 

- asks Sanwo-Olu to organise stakeholders' meeting

Obasa

The Lagos State House of Assembly on Thursday held a plenary session calling on Governor Babajide Sanwo-Olu to take major steps to avert the planned nationwide protest in the State.

The lawmakers, in a 'Matter of Urgent Public Importance' brought by Majority Leader Noheem Adams, noted the devastation caused by the EndSARS protest of 2020 in Lagos and urged the governor to organise townhall meetings with major stakeholders to fashion out ways to calm the youth and those who plan to support proposed protest.

One of the meetings, according to the motion of the House, should be held between the governor and elected political leaders including senators, members of the House of Representatives and state lawmakers while a second meeting should be held with traditional rulers, religious leaders, heads of market, those in the transport sectors and related stakeholders.

Speaker of the House, Rt. Hon. Mudashiru Obasa, said it was necessary for state governments to do the needful to calm frayed nerves and ensure protection of lives and property.

Dr. Obasa said Lagos was still grappling with the impact of the EndSARS protest just as he appealed to the youth to be patient with the government of Asiwaju Bola Tinubu that is making effort to see a better Nigeria that would benefit the citizens.

The Speaker noted that Kenya is currently in a terrible situation adding that the crises in Sudan and Syria started in the same manner.

He commended the commissioner of police in Lagos, Adegoke Fayoade, for meeting with community heads over the planned protest.

Obasa called for an urgent meeting with all leaders, including religious, traditional and related organisations in the state for discussion that would help dissuade the youth from engaging in the protest.

Earlier in his motion, Hon. Adams (Eti-Osa 1) drew the attention of his colleagues to the planned protest.

"I want to plead with our people to shelve this protest," he said noting that President Tinubu had shown that he is ready to listen to the citizens, especially as he has raised the minimum wage from N30,000 to N70,000.

On his part, Hon. Kehinde Joseph expressed worry that the proposed protesters do not have leaders who can be discussed with.

He urged for patience stressing that whatever is happening in the country "affects us all."

Hon. Sa'ad Olumoh said President Tinubu understands the problem in Nigeria and was taking the right steps against the country's collapse.

He also urged Nigerians to start focusing on governors because federal allocations to states have grown under the President.

Other lawmakers who spoke during the debates urged parents to persuade their wards from joining the protest or allowing themselves to be used to commit crimes.

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.