TRANSCORP PLC RELEASES AUDITED FY 2015 CONSOLIDATED RESULTS, REWARDS SHAREHOLDERS WITH BONUS ISSUE

                          
Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s foremost investment conglomerate has announced its audited 2015 Financial Results. The Group posted a profit before tax of N3.3bn for the period under review.

Transcorp Group Operating Profit went up by 11% from N14bn in 2014 FY to N15bn. Its posted turnover of N40.8bn and profit before tax of N3.3bn in 2015 due to foreign exchange loss which affected the net results of the power business and impairment of investments in the stock market. The Group’s total comprehensive income stood at N1.4bn for the period under review.

The company grew its balance sheet during the year. Total asset increased by N32bn to N202.9bn, compared to N170.8bn as at 2014 FY. Increase in Plant Property and Equipment reflects the impact of expansion projects undertaken by Transcorp Hotels Plc. specifically the upgrade of Transcorp Hilton Hotel Abuja and developments of Transcorp Hilton Ikoyi and Port Harcourt.

Tax payable stood at N1.3bn following the corporate restructuring of the Group with the successful merger of Transcorp Ughelli Power (TUPL) and Ughelli Power Plc (UPP). Shareholders Funds stood at N87.5bn.

The Group Revenue was affected by the non-implementation of the Multi-Year Tariff Order (MYTO) 2015 in the Power sector and impacts of forex devaluation on the cost of gas and debt service. The merger of Transcorp Power Ughelli Limited (TUPL) and Ughelli Power Plc (UPP) was successfully completed and the surviving entity renamed as Transcorp Power Limited. The objective of the merger was to eliminate duplicated costs and ensure greater efficiency.

Despite the slow start experienced by the Hospitality business in Q1 2015 occasioned by security concerns regarding the March 2015 general elections, it closed strongly in Q4 2015. Transcorp Hotels Plc successfully raised two series (Series I and II) of its N30bn Medium Term Bond Programme. Series I raised N10bn over a 7-year term at 16.5% p.a. Series II raised N10bn over a 7-year term at 16.5% p.a. The proceeds of the Bond issue is already being applied towards the upgrade of Transcorp Hilton Abuja as well as the development of a Multi-Banquet Conference Centre.As part of its continued effort to enhance shareholder value, the Group Board has recommended to shareholders for approval of a bonus issue of 1 Ordinary Share of 50 Kobo for every 20 Ordinary Share of 50 Kobo each held by shareholders.

Commenting on the results, Emmanuel Nnorom, President/CEO said: “We displayed relative resilience in 2015 despite various macroeconomic and industry challenges. We continued to maintain top line in 2015 and adapted cost-management measures to keep our administrative expenses within line. Our current expansion agenda within the Hospitality, Oil & Gas and Power sectors will provide the platform for sustainable growth within the medium term. Following recent government intervention in the Power sector, particularly with tariff increase, we expect that a strong growth in our power business in 2016.” The Gas shortages still remain a challenge.

Management will continue to adapt proactive approach to the challenging business environment, adopting our diversified business model, strong corporate governance and excellent execution of identified strategies to drive our growth in the near term.”

How wives make sex mistakes but blame their husbands

                      

When wives want to be honest about their lack of interest in sexual relationship with their husbands, one thing they often say that discourages them is the way their husbands have failed to measure up sexually. Apart from complaining about not knowing how to treat them at day time, they accuse them of neglecting foreplay and eventually making a mess of the sexual act itself. Many husbands tend to get a bad rap when it comes to understanding women’s bodies; what turns women on generally and their own wife’s specific turn on, making them easy targets in the blame game when sexual satisfaction starts to wane.  And sure, they make their fair share of bedroom errors. But as the saying goes, it takes two to tango. As it turns out, top sex and relationship experts say that women make plenty of sex mistakes of their own.  Here’s what they have to say about the six most common mistakes women make in the bedroom and what they can do to get the satisfaction their union so rightly deserves.

Wives find it difficult to initiate sex with their husbands and just conclude that well, if he wants it, let him tell me; after all, I am not denying him. This is actually partly traditional upbringing and partly female ego. Many wives worry about well-mannered behaviour.  Such wives don’t want to appear pushy or come on too strong for fear of being labelled aggressive. But failing to initiate sex is one of the biggest mistakes wives make but call girls are experts in it.

Most husbands are tired of the fact that they are always the initiator and that sets up disequilibrium on the passion scale in the relationship. Generally, husbands desire to be pursued by their wives just as much as the wives too.

Holding onto outdated ideas about sex roles also inhibits satisfaction with our sexual relationships. Outdated ideas give a mirage that women are less interested in sexual activity; that is not true anymore. As a certified sex therapist and a sexologist, I think there are wives who are as interested in sex as men if not more, because I have come in contact with countless of such. So, wives show your interest by taking the first step from time to time.  Your husband will likely appreciate it and you may find a new level of satisfaction in taking responsibility for your sexual experience. Let your husband know that even though his penis is embedded in his body, that it is actually your own tool of sexual satisfaction. You have a right to that penis at any given time and you have the backing of the Federal Government law of Nigeria to that effect since you have been legally joined together as husband and wife.The truth of the matter is, wives must come to term with the fact that there will be alterations in their bodies as they grow old, as they give birth and as they nurse babies, so do not get disturbed by your body changes. Undue dwelling on how you look on bed is a mistake you make that does not so much bother your husband. Thinking about how you look during sex stops you from enjoying yourself and ruins your chances of achieving an orgasm.  Don’t think about the fat on your belly or the makeup on your face; just concentrate on the pleasure of the act.  You must give yourself permission to have an orgasm. Men want their wives to abandon themselves in sex play, and that’s not likely if she is anxious about her physical concerns. It’s amazing many things a sex starved husband doesn’t notice especially when their wives are eager, enthusiastic, energetic and interested in them. It is great when you are flexible minded with various seductive, erotic sexual positions and you are doing all in your power to give them sex that will render them powerless for few hours thereafter. They are actually seeing the sexual intelligence you are displaying rather than your body contours. Scientifically, husbands are temporarily and selectively blinded to any body flaw during sex.   They are much more attracted to women who show signs of healthy sexual life and youthfulness of mindset and fertility.  Rather than worry about the shape of your waist and hips, worry about your sexual updates of positions, style, fantasies, energy level and enthusiasm and interest in him.

Married wives should never think sex is just a casual thing for their husbands, no. It is a thing that binds both of you together; it connects and makes your husband  love you more. Especially when the sexual act is satisfactory to them, they can get to the moon and back for you. Married women should all let go of old-fashioned notions, such as women are not sexual or that sex is just sex to men.  For majority of men, sex is a very important act, so don’t trivialise it at all. As a matter of fact, both men and women find sexual intimacy in the context of a committed relationship to be more satisfying. Numerous research studies make it very clear that the people who have the best quality and most frequent sex are married couples in committed relationship. That says a lot about the inadequacies of “casual sex”. Never assume that a man is not romantic. Two huge mistakes in this culture are that women are not sexual and that men are not as romantic [as women].

Now, there are cases when a wife wonders why her husband is not interested in sex as she is and she immediately concludes he is having an affair. No! This is a gross mistake. The point is that, at the teenage stage of a man’s life, they are ready and willing just about any time you ask, but as they grow old in the relationship and the pressure of responsibilities overweighs them, the tide may change and a paradigm shift may occur.  The pressures of everyday life — family, work, bills — can zap a man’s libido.  This comes as a big surprise to many wives and often this could be wisely handled and not taken personally.

When you hear your husband say he is not in the mood for sex, it is not an indication that they are no longer in love with you. They are just weighed down with responsibilities they may not be able to explain to you either. They know themselves that they are not always interested in sex but they still love their wives. But when a wife discovers her husband doesn’t want to have sex, they think, ‘he doesn’t love me.’  Not true.  He just doesn’t want to have sex and that is the truth of the matter.

Many wives mistakenly think because their husbands like sex, they should be able to figure out what they (the wives) want sexually without guidelines or red light.  What wives like and don’t like can make them feel uncomfortable, even when the marriage has been for a while. But the only  and best way to achieve a satisfying sexual relationship with your husband is to talk during sex. Do not keep quiet; tell him exactly, accurately, specifically and precisely how you feel. Never assume they should know. No, they might not, because we all have different preferences and no two sessions of sex are exactly the same at any time. The truth is, a good wife wanting a good sexual relationship must take responsibility for her sexual encounter. No man can bring any woman to orgasm if she doesn’t take responsibility for her sexual experience.  Even the best lover can’t know what you need without you letting him know. So, the idea of just lying down on the bed like a log of wood expecting him to figure you out will frustrate both of you. Show him, lead him, give him example, make a sound, open your legs wide; point to the location of your clitoris, give him a go-ahead to repeat after you how it should be caressed. Surprisingly, many wives do not know that all men very much want to please their women. But I would plead with wives to watch out how they address their husbands. If you can tell them in a way that doesn’t kill their ego, they will appreciate it.   I would appreciate if you can sandwich what you don’t like in-between five things your husband has done- because he’s not only  listening. he is reading in-between the lines.  You won’t find out until the next time you’re in bed with him.  But I can categorically say that good and sensitive husbands do listen to their wives, particularly if such wives are quite wisely clear, romantic and respectful about it. And if your husband happens to suggest some sexual act that is not within your familiarity zone, please rather than get upset and say no to sex until further notice, do kindly deliberate over such. This is so because when a married couple have been together for a while, it’s natural to want to spice things up with a little variety [the joy of novelty is still winning at all times].  Just because your husband wants to try something new doesn’t mean he’s unhappy with you or he has tasted some call girls outside and they did it better or he is no longer excited with your sex life.  In short, don’t take it personal. However, nobody should ever feel obligated to do something they don’t want to do in the personal and intimate area of sexuality. If your husband asks you about trying something that’s outside of your morals, make it clear that it’s off limits for you and explain why, and if possible, you could compromise and see if it is what you can enjoy as well.  Of course, do this in a loving way as best as you can.  If it is something that is not really a moral issue for you but you still don’t want to, again explain why.  If it is a simple request and you’re initially uneasy about it, try not to overreact.  Instead, let him know you need some time to adjust to such and you are willing to try to. But remember, many marriages would have been the best in terms of sex if many wives are very sensitive to the sexual mistakes and ignorance coming from them. Until next week, I still remain your loyal bedroom instructor

 

Fake Nigerian Doctor: FG disclaims Martins Ugwu Okpe

                       

The Federal Ministry of Health has formally disclaim Mr. Martins Ugwu Okpe, a purported medical doctor who was in its employ for over nine years before he was discovered to be an imposter.

In a disclaimer notice issued on the fake doctor signed by Mrs. Amina M.B Shamaki, the Permanent Secretary, Federal Ministry of Health, members of the public as well as local and international partners of the Ministry were alerted about activities as well as the real identity of the fake doctor.

"Mr. Martins Ugwu Okpe who was employed by the Federal Civil Commission and deployed by the to the Federal Ministry of Health of Nigeria in 2006 as Dr. Davidson Daniel George has been confirmed by the Nigerian Medical Association (MDCN), Federal Civil Service Commission (FCSC), Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the Nigerian Police Force (NPF) as an impostor whose real name is Martin Ugwu Okpe and he is not a Medical Doctor

"The Federal Ministry of Health hereby diassociates itself from all activities of the said Mr. Ugwu Okpe and advises the general public that henceforth, Mr. Martins Ugwu Okpe is not an employee of the Federal Ministry of HeaIth and thus has no authority to present himself acting for or on behalf of the Ministry.

"The Federal Ministry of Health will accept no liability for any acts of the said Mr. Martins Okpe," the Ministry said in the statement.

It was discovered that Okpe had stolen the credentials of his friend who identity he also assumed to secure a job as a medical doctor in 2006.

Okpe is already being prosecuted by the Police and ICPC on different charges bordering on fraudulently securing job with stolen credentials.

HERITAGE BANK PARTNERS NYPF TO LAUNCH N500M GRANT TO BOOST YOUNG ENTREPRENEURS

                             

Heritage Bank Limited has upped the ante of its support for entrepreneurship and education in the country by launching a N500 million Young Entrepreneurs and Students (YES) Grant on Tuesday in Lagos.

 

The initiative, which is in partnership with the Nigerian Youth Professional Forum (NYPF), will, according to the bank, support students and young entrepreneurs toward socio-economic freedom.

 

The Heritage Bank Managing Director, Ifie Sekibo, in his remarks at the occasion explained that the bank’s support for the programme arises from the fact that the initiative aligns with the vision of the bank which is to help create, preserve and transfer wealth across generations.  

 

The Managing Director, who was represented by Obioma Emenike, Group Head, Market Strategy, added that the bank will also support the project in terms of training the beneficiaries, disbursement of the grant as well as in the monitoring and evaluation of the project’s milestones as agreed with the beneficiaries. “We have been playing strongly in the education and Small and Medium Scale Enterprises (SME) sectors of the economy. This project syncs with our mission and vision as a bank. The age bracket of 18 to 40years for the beneficiaries also aligns with our corporate goal, just like the key sectors which include agriculture, ICT and creative industry, identified for the project are pivotal for economic growth” he said.

 

The NYPF, according to its Chairman, Moses Siasia, is a non-governmental organization conceived by a group of young professionals with the mission to promote innovative ideas for socio-economic development.

 

Siasia disclosed that the programme is geared toward assisting both aspiring and existing young entrepreneurs to start and grow their businesses, and ultimately create jobs and distribute wealth in the economy.

For the students, the grant can be accessed for tuition fees to help low income students and technological research and innovation.  Students in Nigeria can access up to N500,000 (Five Hundred Thousand Naira) only; students in the United Kingdom can access up to GBP 3000 (Three Thousand Pounds while Students in the United States can access up to $5,000 (Five Thousand Dollars).

 

For young entrepreneurs, the grant will be available for the following target sectors: Agriculture, Creative Industry, Information and Communication Technology.  In each category, an entrepreneur with an existing business can access up to N2 million.

 

Before the latest initiative, Heritage Bank had packaged a N200m loan facility for young graduates willing to advance their dreams in small--scale businesses. It is also collaborating with the Central Bank of Nigeria (CBN) and the National Youth Service Corps (NYSC) in the CBN initiative, Youth Innovation Entrepreneurship Development Programme (YIEDP).

 

Sekibo also recently re-affirmed the bank’s resolve to empower more Micro Small and Medium Enterprises (MSMEs) in Nigeria, stating that part of the bank’s commitment to empower SMEs is the establishment of an SME Clinic that is geared towards helping small businesses in addressing challenges associated with setting up businesses as well as mitigating the effects of certain business decisions by such entrepreneurs.

GTBank Launches Innovative Service Delivery Channel – Bank 737

                                      

Over the last few weeks, Nigerians all over the country have been faced with the question; Whatisthe737? From billboards to hash tags and radio hypes.

Introduced by Guaranty Trust Bank plc, Bank 737 is more than just well rhyming numbers; it’s a simple, smart, and safe way to bank anytime, anywhere and on any device. 

Imagine if opening an account was as simple as dialing a number from your mobile phone or transferring funds was as easy as sending a text message, or paying bills could be done at any time of the day, even long after banking hours.  

Imagine if you need to make an urgent transfer online and your data just ran out and you don’t have your hardware token to complete the transaction. 

Truth is, at some point or the other we have all experienced those moments when we wished banking could be as simple as ABC’s and 123’s. Well, in this case, GTBank has made it as simple as 737.

In recent years, mobile phones have made life easier! You can now shop online, watch movies, surf the internet, play games, chat with loved ones, share and download information with the simple push of a button. 

While mobile penetration has witnessed an impressive growth in Nigeria, Internet proliferation hasn’t experienced similar success, owing largely to the cost of data. Built on a USSD interface, GTBank’s 737 banking is phone agnostic and works on any type of mobile phone and does not require internet access or registration protocols. With GTBank’s Bank 737, your mobile phone is now a service channel for all your banking needs. Users simply have to dial the short USSD *737# code on any mobile device to experience a new world of simple banking.

With Bank 737, GTBank customers can perform banking functions such as transfers to all Banks in Nigeria, check account balance, open a GTBank account, buy airtime, pay bills, BVN linking, token code generation, card less withdrawals and lots more from their mobile phones.

Commenting on the launch of the product, Segun Agbaje, the Managing Director and Chief Executive Officer of Guaranty Trust Bank plc said; “The launch of this product marks another milestone in our quest to make banking truly simple for our customers. We remain firm on our objective to deliver banking products and services tailored to meet the diverse needs of our ever-growing customer base by leveraging technology to make banking faster, safer and more accessible for all our customers.”

GTBank is regarded by industry watchers as one of the best run financial institutions in Nigeria and across its subsidiary countries. The bank is renowned for its innovative financial solutions, superior financial performance, world class corporate governance standards and excellent service delivery. The bank’s latest E-payment service, known as the 737 banking, is considered a veritable alternative to in-branch banking as it offers a faster, safer and more convenient way to perform financial transactions. 

Tony Elumelu Foundation Announces 2nd Round of TEEP2016

                          
The Tony Elumelu Foundation (TEF) announces the selection of 1,000 entrepreneurs for the second round of the Tony Elumelu Entrepreneurship Programme (TEEP).

 

Launched in 2015, TEEP is the largest African philanthropic initiative devoted to entrepreneurship and represents a 10-year, $100 million commitment, to identify and empower 10,000 African entrepreneurs, create a million jobs and add $10 billion in revenues to Africa’s economy.

 

Over 45,000 entrepreneurs from 54 African countries applied, more than doubling the number of applications received in 2015.  Successful candidates represent diverse industries, led by agriculture, ICT and fashion. The highest numbers of applicants came from Nigeria, Kenya, Ghana, Uganda and Cameroon. All five regions – North, East, Southern, Central and West Africa are represented.

 

Founder, Tony O. Elumelu, CON, commented: “In TEEP’s first year we spent over $8 million of our $100 million commitment – with $5 million going directly to entrepreneurs as seed capital — and the results have far exceeded our expectations. We have funded entrepreneurs, established networks and helped extraordinary people take control of their destinies. The 2016 Tony Elumelu Entrepreneurs will become a generation of newly empowered African business owners, who are the clearest evidence yet, that indigenous business growth will drive Africa’s economic and social transformation.”

 

Over the next nine months, the 2016 cohort will receive the intensive online training, networking and mentoring, that provide a tool kit for success and sustainability. They will also participate in the three-day Elumelu Entrepreneurship Forum later in the year, the largest annual gathering of African entrepreneurial talent.

 

Parminder Vir OBE, CEO of The Tony Elumelu Foundation, said: “We saw phenomenal success with the first cycle of TEEP – the success stories of the TEEP 2015 alumni are a testament to the transformative power of the programme we have built. Through TEEP, we are proving to the next generation of entrepreneurs that their ideas can change their communities, their countries and their continent.”

Africa’s Interior Design Star To Emerge On REDTV

                        
Africa’s first interiors design show with a twist of  reality TV is debuting on REDTV to discover Africa’s next Interior Design star.

The launch of the new TV Reality show, tagged “Interiors By Design, was held at Angelika’s, Lagos’ choicest luxury home wares store,  on Sunday, March 20, 2016 with notable names gathered from the worlds of design, finance, media and entertainment to celebrate REDTV, Glam Networks and the Interiors By Design team.

The lucky winner of the new TV Reality show will not only be crowned Africa’s “Next Interiors Star” but will also gain the opportunity to receive further training in one of UK’s leading  Interior design schools, as well as an unparalleled profile on Africa’s hottest online network.

The show is part of REDTV’S roster of pioneering content highlighting the very best of talent across the African continent.

The Chairman of UBA Plc (principal sponsors of REDTV), Tony Elumelu, expressed his delight that UBA is supporting the noble endeavors of the producers in encouraging young talent. Also GMD designate of UBA Plc. Kennedy Uzoka said that championing unique programmes such as Interior By Design is part of the bank’s greater mission to equip and empower the next generation, and to show that UBA is very much in touch with the wants, desires and concerns of this crucial demographic who are pivotal to Africa’s future successes. Director of Marketing and corporate Communications of UBA, Mrs. Bola Atta encouraged the audience to subscribe to REDTV channel on YouTube and embrace its mission of setting the narrative for a dynamic and successful Africa.The audience gathered at the launch also got an opportunity to get a sneak peak of the show. It was a chance to congratulate one of their own, Titi Fowora and to raise a glass to REDTV for being at the forefront of such a pioneering programme which seeks to shine the spotlight on the Interior design industry in Nigeria and across Africa.

Top dignitaries present at the occasion included; Tony Elumelu, Kennedy Uzoka, Mrs. Onari Duke, Agbani Darego, Dakore Akande, Ozzy Agu, Betty Irabor, Fade Ogunro, Lanre Da Silva- Ajayi, Folake Folarin-Coker,  Nkiru Anumudu, Bola Awolowo, Mai Atafo and many more.

The audience left appetite fully wetted for the roller coaster ride on Season 1 of Interiors By Design on REDTV, that will display the twists and turns and sift between the pretenders and the real-deal, as well as discover the many incredible spaces and places that make up the cultural and aesthetic landscape of Nigeria and Africa.

 

 

At A Public Symposium In Lagos

Chairman of the occassion, Hon. Justice (rtd) Adesola Jokotade, President, Lagos Island club, Mr. Oladipo Okpeseyi, Guest speaker, Prof. Itse Sagay and former president of the club, Chief Musiliu Olaiya Anibaba during the public symposium with the topic: “How to fight & win the war against corruption: Challenges & Prospects at the club’s hall, Onikan, Lagos.

Breaking: Nomoreloss is dead

                           
Multi talented act, soul pop singer, cum comedian, compere, Olumuyiwa Osinuga otherwise known as Nomoreloss is dead.

Asa News Online  this morning received this sad news and after our confirmation through one of his close friends  who owns a night club in Lagos, revealed  that the multi-talented act had been sick since January which took him off the entertainment scene before his demise.

He gave up the ghost on Monday morning at an undisclosed hospital in Opebi, area of  Lagos State.  

Edith Okubanjo Returns From Nation Wide Prayer Tour, Visits IDP Camp In Yola

                                  

Celebrated Reverend and the General Overseer of Church of Evangelism, Awoyaya, Ajah,Lagos, Reverend Edith Okubanjo  has returned from her much anticipated two-week nationwide prayer tour of Nigeria. The two week tour  which saw the respected popular seer,  visiting the 36 states of federation including the Federal Capital Territory, was highly welcomed in  major states of the federation for her selfless service towards betterment of the nation. The fearless Reverend who was not deterred with the on-going Boko Haram crisis in the Northern Eastern part of the country, in her magnanimity, also stormed the hot spot of Yobe , Borno States and Mayoka  IDP camp in Yola, the Adamawa State capital to pray with the  special displaced persons and gave her widow's mite to the  victims of the dreaded sect. The noble move  according Okubanjo  was a divine call from God  to declare nationwide prayers and deep national reflection as a foundation for national peace, unity and sustainable development.  The two week  prayer commenced on Sunday, February 28, 2016 and ended on  March 10, 2016. Participants were seen  offered prayers for Nigeria in expectation to reflect on the present challenges as well as the new opportunities and challenges ahead. Okubanjo while addressing the concerned Nigerians in the Niger Delta, oil rich region of the country said,  let us be determined to awaken our nation and our people to the critical need to Forgive, Love and Unite. Join us in a nationwide prayer tour  and reflection to prepare Nigerians and Nigeria. Surely, governments will come and go, but we as a people shall remain and our nation should remain! Let us all pray in our families, schools, workplaces and worship places and wherever we gather as a community. Let us commit to pray to God for peace, unity and development of our nation and let us reflect on our past, our present situation and our common future.

 

Photo News: 21st Annual Lecture/Award of Honours And Postgraduate Scholarship Of Stephen Oluwole Awokoya foundation

Guest of Honour/CEO, Airtel Network limited, Mr. Segun Ogunsanya, Chairman, Board of Trustee, Senator, Olabiyi Durojaye, Chairman of occasion, Mr. Pascal Dozie and Guest lecturer, Prf. Michael U. Ivowi during the 21st Annual lecture/award of honours and postgraduate scholarship of Stephen Oluwole Awokoya foundation for science Education with the topic “Science Education in Nigeria: The story so far” at the Muson centre, Onikan, Lagos.

Photo News: NIGERIAN Breweries Emerges Most Compliant Firm on Nigerian Stock Exchange

L-R: Mr. Mark Rutten, Finance Director, NB Plc; Mr. Oscar Onyeama, Chief Executive Officer, The Nigerian Stock Exchange presenting The NSE 2015 CEO’s Award for the Most Compliant Listed Firm on The Nigerian Stock Exchange to Mr. Nicolaas Vervelde, MD/CEO, NB Plc; Mr. Haruna Jalo- Waziri,  Executive Director, Capital Markets Division and Mr. Kufre Ekanem, Corporate Affairs Adviser, NB Plc.

GTBank Refunds Customer's N400k Stolen By Fraudster Who Swapped Her Airtel Sim

                            

Guaranty Trust Bank (GTBank), a leading financial institution in Africa has once again displayed high commitment to customer's satisfaction by refunding customer whose money was stolen recently by a fraudster.

In January 2016, a young lady by the name Adejoke lost some of her belongings and had her SIM card swapped by an Ibadan-based fraudster, with the help of Airtel, who she alleged harassed her after she went to their office to complain. After the fraudster swapped her sim, she said, her account was wiped clean of the N400k she had saved for her programme in the UK.

The story which was first published on micro blogging social media platform Instagram, got the attention of the bank and Nigerians after it was made public by an instagram news handle @instablog9ja via the url https://www.instagram.com/p/BC_HbpNRr2e/

Just yesterday, March 15th 2016, the young lady wrote to show her greatest appreciation to GTBank for refunding her stolen N400,000 even when Airtel ignored her and made her feel helpless.

In her words, she wrote "Goodevening  to you. I would like to thank you yet again for a Page like yours and for being unbiased about bringing news as it is. God bless you.mI just wanted to update you like i said i would concerning this story. .

Airtel till now did absolutely nothing about my stolen money even though they admitted the Scam of 400k by sim swap came from one of their Mobile Shops,they never replied my letter from the Lawyer even after recieving it, neither did they try to reach out to me after my meeting with them last month.

I am presently in London for my Courses and just want to focus till i am back home to do the needful regarding them.THE GOOD NEWS IN ALL IS GTB MANAGEMENT TOOK IT UPON THEMSELVES AND REFUNDED THE MONEY (400k) even though the fault was from Airtel and the explanation was as short as this - "The reversal was done based on the complaint of unauthorized deduction from your account which you reported at our branch"

I got the Alert yesterday. I am still in awe by this act of the Management of GTBANK and all i can say is God bless GTB. As for Airtel, I won't stop till justice is served and Nigerians treated with respect by these multinationals. What if I had no other money to school? Or no support from Family and a platform like yours? I am indeed grateful. Thank you so much for everything.

FY2015: UBA Grosses N60 Billion in profits, pays additional 40kobo dividend.

                                       

United Bank for Africa Plc; the pan African financial services Group with operations in 19 African countries has delivered another strong and impressive financial performance.

 

In its Audited Full Year results for the year ended December 31, 2015, released to the Nigerian Stock Exchange (NSE) on Monday, the bank recorded a 10% growth in gross earnings, closing at N315 billion and a 25% growth in profit-after-tax to N60 billion; translating to a 20% return on average equity.  Similarly, UBA defied competition and macroeconomic pressures to grow operating income by 10% to a record N205 billion in December 2015; from N186 billion in December 2014.

Following the impressive performance, the board is proposing a final dividend of 40 kobo per share. This brings to 60 kobo the total dividend for the 2015 financial year. UBA had earlier paid an interim dividend of 20 kobo per share, following the audit of its 2015 Half Year Results.

Commenting on the result, Mr. Phillips Oduoza, the GMD/CEO, UBA  Plc, said "our 2015 profit is a new high, reflecting the hard work and discipline of our Board, Management and Staff in creating value for all  stakeholders. We remain committed to growing in a responsible manner that aligns with our vision of building an enduring institution”.

He said the bank’s resilient business model, geographic diversification, proactive strategies, and strong governance created an edge for it through the year. “We will continue to invest in our future whilst managing cost tightly to generate strong returns to shareholders” he assured. Also speaking on UBA’s financial performance and position, the Group Chief Finance Officer (GCFO), Mr. Ugo Nwaghodoh said “amidst macroeconomic volatilities, we leveraged efficiency gains in our business development and operations to grow earnings. We improved on our balance sheet management and pricing, thus ensuring a strong 19% growth in interest income as well as an enhanced net interest margin of 6.3%. Our improved service delivery and customized offerings helped in growing transaction banking volume, with attendant fee income. Whilst we were exposed to some external cost pressure, we managed to keep our cost growth at 5% (below the average inflation rate of 9% in Nigeria; our core market which represents three-quarter of our operations)”.

He expressed satisfaction at the performance of the bank’s Africa operations, particularly in synergy extraction and pursuit of scale economics to achieve market share and earnings targets. “Precisely, UBA Africa contributed 24% of our Group’s profit before tax in the 2015, despite the impact of cross-currency depreciation in some of our markets. Whilst our cautious stance on lending in Nigeria moderated the loan book, we recorded a collective 14% loan growth in UBA Africa, as we deepen market penetration and our share of customers’ wallet. Our prudence and discipline in risk asset creation over the past half-decade sustained the quality of our loan portfolio; NPL ratio stabilized at 1.7% with full provisions coverage” he stated.  

 

“I WOULD RATHER WALK AWAY FROM A DAY MARRIAGE THAN WASTE MY LIFE” –ASHABI OLORISHA CLEARS AIR

                              

Mother of one, a true believer, strong, motivated, self made and self discipline, ADERONKE AJENISE-ODUBORISA A.K.A ASHABI OLORISHA granted interview few months back but was misinterpreted by a website who speak ill of her person. However, the America base actress clear airs as she speaks on her estrange hubby, son, job and her Christian life. Read her interview below…

 

Good morning ma

Good morning darling brother

What's your take about the negative publication published on naijaFilms.com?

OMG!, at first, I saw it as scandal from an evil genius turned journalist, though, the guy called me later & started begging begging begging, some evil elements that belong to the same team with the guy wrote their rubbish as comments!

 Later, I just came to sense that....ADE, don't you know that this guy has given you more fame bcos what DADDI-GOD told me was "my enemies will come in thousands & fall in billions."

Many globally recognized celebrities have gone through worst than that.

You were the one that interviewed me then & there was no discussion of husband or whatsoever, then how on earth would this guy twist the interview?

Let’s just forget about that bcos the man that owns the world is GLORIOUSLY involved in my life.

 

Will you like to clear the air about your son's father? What went wrong?

Oh yes! What do you want to know about him?

Everything?

My son's dad is Sunday Olumuyiwa Adeyemi. He was in the world before, He ABANDONED me & my son then, he later came apologized. He even told me in 2009 that he went to Jerusalem to pray for forgiveness (I can give you his numbers to call him & clarify). He is now a great minister of GOD & I have ever since forgiven him bcos "Forgiveness is divine".

We are now good friends & confidants for the sake of that "GLORIOUSLY SON" of ours!

I was even the one that begged his son to forgive him (when you call him, you can ask him all this, he will not lie), I told my son, you have to "Let go & Let GOD", he is your dad no matter what, if I die before him & you are not in good times with him, that means you will be living without "A father& mother" whereas your dad is alive.

I don't encourage women that blocked their "ex" from seeing the kids between them or talk evil about their "ex" in the presence of d kids.

We cannot cut off the father from the child except the woman knows in her mind that the child or children is not fully his.

Most men are the most living evil on earth but, can we do without them?

I relate with my son's dad like brother & sister now & his son loves him dearly & greatly now which makes me "A fulfilled & glorious mum". GOD has been so wonderful in my life.

 

In what way as the negative publication affect you?

It wanted to affect me negatively but GOD in his GLORIOUS doing instantly turned it to "GLORIOUS BLESSINGS & CONNECTIONS".

Most women in this part of the world don't believe in talking or having anything to do with their ex, what motivated you ma?

Oh yes, if you look at what most of us women went through in hands of this evil genius men, one will not even want to come across anybody with their looks or name but can we fight the battle ourselves?

The kids will still carry their father's name not our name, ok let me tell an instance....

My nephew's mum changed his name, blocked my brother from seeing the guy for 25yrs, now the guy relate with his dad GLORIOUSLY well, now, who lose?( we will not lose on our kids IN JESUS MIGHTY NAME. AMEN).

My advice to single mums is just to let go & let God for the sake of those kids because one day one day, they will look for their dads themselves.

 

You celebrated your 52nd birthday recently, believing me, you look 35, what's the secret?

The secret is "THE GLORIOUS GLORY OF MOST HIGH-GOD

The SECRET OF MY BEAUTY IS "GOD, JESUS CHRIST & MY SON"

Uhunnn! I believe you because anyone with God has it all.

 

Any new project from Ashabi Olorisha?

Oh yes! But coded for now!

 

Alright, but little tips from the iceberg will go a long way.

It is a very big project involving "Canada, U.S, England & Africa"

 

Wow! Then, we should say, it's a multi-million naira/dollar project

Yes but sponsored!

 

Good. Ma, what's your take about domestic violence in this part of the world?

Devil’s work at his best because we are in the "End Time" as the bible said "Strange things will happen, wife against husband, father against son, husband against wife, country against country" but, as for me Aderonke Adedola Abosede, I will walk out of it.

 

Any serious relationship?

YES! With GOD

 

In the next few years, where do you see yourself?

Where GOD want me to be!

Which of the movie guild do you belong and what has been their activities/impact in the US?

No movie guild in U.S, we only have Theatre-Arts professionals association like TAMPPAN. U.S is very big, each state just do its own thing according to the law of the state

What about piracy, is there any in the USA?

Yes now, piracy is everywhere but it been very well managed and control here.

 

Is there any intention or plan of getting married again?

I will not speak for GOD bcos "MY LIFE is in his hand"

 

Increase in dollar, what's your take?

Is the importers in Nigeria that are making life unbearable for the masses but some enemies of progress in that country put the blame on the Federal Gov't, the federal govt want us to manufacture our goods locally, use our natural resources as we are greatly blessed but importers are not helping.

 

All is well ma... nice chatting with you.

Thank U & have a great weekend

You too madam.

GTBank Declares N120.7Billion Profit Before Tax for FY 2015

                            

Foremost African Banking Group, Guaranty Trust Bank plc has released its audited financial results for the year ended December 2015 to the Nigerian and London Stock Exchanges.

 

A review of the 2015 results shows positive performance across all financial indices, reaffirming the Bank’s position as one of the most profitable and well managed financial institutions in Nigeria. The Group delivered an impressive Profit Before Tax of N120.7billion, an increase of N4.3billion or 3.7% over the N116.4billion reported in December 2014 and Gross Earnings of N301.9billion an increase of 8.4% from the N278.5billion recorded in the same period of 2014. In terms of value creation for its shareholders, the Bank recorded pre-tax ROAE of 31.0% and ROAA of 5.0% respectively.

 

The Bank’s balance sheet remained strong with 7.2% growth in Total Assets, from N2.36trillion in 2014 to N2.52trillion in the year under review. Loans to customers grew by 7.5% to close at N1.37trillion from N1.28trillion in 2014. Despite the implementation of the Treasury Single Account (TSA) by the FGN, customer deposits remained relatively stable with a marginal year-on-year decline of 0.49% from N1.62trillion in 2014 to N1.61trillion in 2015. The Bank continued to maintain a disciplined and prudent approach to loan growth in line with its Risk Management framework. The Bank’s Non-Performing Loans (NPL) ratio remained low at 3.21%; up slightly from 3.15% in the comparative period of 2014. Against this back drop of strong financial showing, the Bank is proposing Total-Year Dividend of N1.77k per share (inclusive of the 25kobo interim dividend paid at half year 2015).

 

Commenting on the financial results, Segun Agbaje, the Managing Director/CEO of Guaranty Trust Bank plc, said that the Bank’s financial performance in 2015 is an indication that we have earned the loyalty of our customers and an attestation of the hard work and dedication of our staff, management and Board. The Group has delivered a respectable Profit Before Tax of N120.7billion despite an extremely challenging business environment

in 2015.

He further stated that “As a Bank, we will continue to actively partner with our customers and grow our business in a sustainable manner that is not only driven by profit objective, but with an increased focus on empowering our customers with a view to growing Nigerian economy. Also, we remain committed to maximising shareholders’ value and delivering superior and sustainable returns whilst actively expanding our franchise in select, high growth African markets where we believe we have a competitive advantage.

 

The Bank has continued to report the best financial ratios for a Financial Institution in the industry with a return on equity (ROE) of 31.0% and a cost to income ratio of 44.4% evidencing the efficient management of the banks’ assets. Overall, the Bank has enshrined its position as a clear leader in the industry. In due recognition of the Bank’s leading role in Africa’s banking industry, owing to its bias for world class corporate governance standards and excellent service delivery and innovation, GTBank has been a recipient to numerous awards over the course of the year. They include Best Bank in Nigeria by Euromoney, 2015 Bank of the Year by African Investor and Best Banking Group Nigeria by World Finance.

Majek Fashek visits CLAM, as Pastor Oladiyun preaches love, humanity

                        
Pop Ragge Legend Majek Fashek on Sunday visited  the Christ Living Apostolic Ministries (CLAM), in Omole Lagos to share testimony of how God delivered him from drugs.

Speaking during a testimony session, Fashek said the CLAM Senior Pastor Apostle Wole Oladiyun and his church stood by him during his trial times.
"My testimony is that Jesus Christ is Lord, Jesus Christ is the Master, you know before I went to Abuja for my rehab, Baba Oladiyun here came to my rescue, most church won't do that.

"Most church, may God bless him and keep this ministry, materials and spiritual are two different thing, because Jesus Christ cannot come from Heaven to heal you. This Baba is a 'correct prophet" Fashek said.
He said his encounter with Apostle Oladiyun last year brought a turn around to his life.

Majek Fashek while performing
Speaking during his message, Apostle Oladiyun said it would have been a great disaster if devil has wasted a talent like Majek Fashek.
He recalls that Lord burdens him to take up his case and immediately it was announced the whole world rose up for his rehabitation.
Describing Fashek as a great legend that will blossom again, Apostle Oladiyun prayed that the Lord will perfect all He has started in the life of the ragge artist.

"Today Jesus has ransom his life, today he's a better person, his destiny cannot longer be wasted, this

He called on churches and ministers of God to show Godly loves to people irrespective of religion, ethnic and condition.

Apostle Oladiyun laments that Love is fast eroding away from the Church of God, "its a pity, the church of God must come return to it roots by loving Jesus and loving humanity. Let show love to people around us, the poor, the downtrodden, the rich."

It would be recalled that last year, Apostle Oladiyun  has asked that Majek Fashek be brought to him for deliverance.
Ayodele Samuel for

Imo Welcomes Union Bank Simpler, Smarter Transformation.

                         
It was excitement in Imo State as Union Bank played host to 5 major communities during the unveil of 5 of the banks newly upgraded branches as part of efforts to make banking “simpler and smarter” for its teeming customers. The 3 day event commenced on March 8.

The five upgraded branches of the bank unveiled are located at Douglas road, Port Harcourt road Owerri, 4 Bank road Orlu, 106 Owerri road Okigwe and Union Bank at Ogbor Oboama  Ezinihite branch in Aboh Mbaise.

The Bank which has been launching its simpler and smarter products and newly upgraded branches in different states of the country were received with excitement by customers in the State, who expressed joy over the transformation of the bank into a simpler and smarter bank.

Speaking at the branch unveil in Owerri, the Executive Director, Corporate Banking, Emeka Okonkwo, said they were in Imo State capital to unveil the bank’s simpler and smarter package that will afford their customers quality, reliable, secured and effective services.

According to him, “We are here to formerly unveil our newly upgraded branches which is part of our transformation journey. The journey started two years ago and we want to assure our customers that we are a simpler and smarter bank. We have refurbished over 60 branches across the country and a lot has gone into the innovative propositions we are offering.” The transformation of the bank is a response to customers’ desire and the bank’s commitment to serve its customers better. 

Speaking also at the events, the bank’s Transformation Director, Joe Mbulu called on customers to partner with the bank in utilizing the e-banking platforms, saying that customers can now do banking transactions from the comfort of their homes using their computers and mobile devices with the Union online and Union mobile banking platforms.

Assuring customers of fast, secure and convenient banking services, Mbulu said; “these e-banking platforms were created to make banking simpler and smarter for customers to ensure that they have more time to engage in those things that matter most to them”.

Commenting on the smarter and simpler status of Union Bank during the unveiling, Rev. Professor Jerome Okonkwo, Deputy Vice Chancellor, Imo State University, commended the bank for being so reliable even in storm and turbulent times.

He said: “The Union Bank building in Douglas is one of the oldest houses I know in Owerri town, ‘transformation’ agenda is based on continuity in any history. The bank has survived great storm and we thank them for being so reliable and now has become simpler and smarter.

Speaking with newsmen, the bank’s Executive Director /Chief Risk Officer Kandolo Kasongo said the launch of the branches was an evidence of the transformation the bank had gone through in the last two years as well as the transformation that is yet to come.  

 “As you can see, there is a difference between what you see today and what was here before. 

We present a simpler, smarter bank. Beside the ambience being more comfortable for our customers, it also demonstrates the fact that we’ve invested in technology. Customers can come in and come out in short time; get attended to with more improved services, and at the same time (we) have a brand identity that is more vibrant than we had before. 

Another customer who commented during the launch was Barrister Ijeoma Igboanusi, Transitional Chairman Orlu Local Government. She thanked the bank for the transformation which is not limited to its modern equipment and facilities but also in excellent staff service delivery.

The high level events were graced with the crème de la crème of Imo state which ranged from top CEOs to Religious and Traditional leaders. The dignitaries included; Chief Ephraim Eze, Managing Director, Bonafide Oil and Gas; Professor Ogwo Ekeoma Ogwo, former Vice Chancellor, Abia State University, HRH Eze Iheanacho C. Ndukwe, Justice Christy Anwuka, President Imo State Customary Court of Appeal.

Other dignitaries were, HRH, Eze Malachy Onu (Olele III of Agbala, Imo State), Hon. Kennedy Ibe, HRH, EZE Dr. Chimaeze Emetuma, Mrs. Ngozi Osuji (wife of Imo Assembly Majority Leader), Rev. Msgr. Emmanuel C. C. Nwosu who represented Catholic Bishop of Orlu Diocese.

They applauded the Bank for its simpler and smarter initiatives and charged the bank to reward staff for excellent performance because without staff there would be no Union Bank.

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Nigerian Breweries Honours Partners, Dolls Out Gifts

                           

After a fulfilling and rewarding business relationship in 2015, brewing giant, Nigerian Breweries last weekend in Lagos, rewarded its distributors and trade partners spread across the country. Hubert Eze, the company’s Sale Director who thanked the trade partners for staying with the company, explained that the award, which was  preceded by a Distributors Business Meeting, was conceived to recognize and reward the excellent performance of the company’s distributors and transporters for the year 2015. The award ceremony, he added, also provided the platform to evaluate the previous year’s business performance and communicate new business strategies to distributors.

He disclosed that despite the challenges in the operating environment, the company did well and achieved many milestones that called for celebration. “Our partnership was not built for today, but built for the future.2016 will be challenging too, but we believe we Nigerians; we are happy people, and we are going to win again.  At the end of the year, we will gather not to talk only about the difficulties but our victories”, he told the crowd amidst applause.In the exciting contest, Ken Maduako from Nnewi in Onitsha marketing zone beat two others to emerge the company’s  best distributor for 2015.

Ifeoma Chukwuka Nigeria Limited, who won the last two edition clinched the seond position ahead of Magulf Global Enterprises who came third.

Maduakor has also by his feat, created a new African record, by selling more than five million crates of beer in his zone in 2015. He thanked the company for the gesture and advised that the momentum be sustained to stay on top.

The award ceremony which took place at Oriental Hotel, Victoria Island, Lagos was in honour of Distributors and Key Transporters of the company who excelled in the cause of their business partnerships with Nigerian Breweries Plc in 2015.

The awards  which was in ten categories included: National Volume Champion; National Volume Champion (1st & 2nd Runner Up); Regional Champions; Regional Volume Champion - 1st Runner Up; Regional Volume Champion - 2nd Runner Up

Other categories were: Millionaire Club (SKDs who achieved btw 1m and 1.99m cases); Millionaire Club (SKDs who achieved

Prizes carted home by the lucky distributors included: Brand new Man Diesel  truck, Mitsubishi Canter trucks; Mitsubishi L200 double cabin; Forklifts; Sound proof generating Sets and several free cartons of Nigerian Breweries Products.

Apart from rewarding the distributors, the night was also spiced with lots of entertainment from A list musicians like Onyeka Owenu, stand-up comedian, Seyi Law and Joseph Benjamin who compered the event.

It will be recalled that last year, Ifeoma Chukwuka Nigeria Limited, having sold the highest number of Nigerian Breweries products, emerged the best distributor back to back having won the same award in 2013 and 2014 in the National Champions Award category. Nigeria Breweries Plc, the pioneer and largest brewing company in Nigeria was incorporated in 1946 and recorded a landmark when the first bottle of Star Lager beer rolled off the bottling lines in its Lagos Brewery in June 1949