Monthly Archives: October 2017

All Set For Zenith/Delta Cup Season 2

All is set for the second edition of the Delta State Principals Cup football competition for all secondary schools sponsored by Zenith Bank.
At the media conference of the Season 2 of the competition on Thursday, Governor Ifeanyi Okowa affirmed his resolve to give all young Deltans a platform to excel in their various areas of specialization and to expose their talents in the state to the global community.
The Delta State Commissioner for Basic and Secondary Education, Chiedu Ebie, who on behalf of the governor said the opening ceremony is scheduled for November 1, 2017 at the St Patrick’s College, Asaba while the final is scheduled for February 2018 at the Ozoro Polytechnic Stadium.
Stressing that the revival of the Principals Cup was one of the programs outlined by the Governor towards enhancing the grassroots sports developmental drive of the state, Ebie said that the Okowa administration was keen on redirecting the focus of young Deltans to meaningful ventures.
He commended Zenith Bank for partnering with the state and urging the private sector to also partner with the government on its laudable programs towards giving the youth a brighter future.
Deputy Managing Director of the Zenith Bank, Mr Ebenezer Onyeagwu, represented by Mr Lucky Ighade, the Deputy General Manager Asaba, assured of the bank’s determination to continue its partnership with the state, saying the Principals Cup was a veritable tool for engaging the youth in productively.
He said the Zenith Bank Delta Principals Cup was a flagship program of the bank aimed at giving back to society as well as providing the youth with a better future.
Ighade said the tournament was part of the bank’s ways of developing grassroots sports in the country with the hope that future stars would emerge therefrom to represent the country in international football competitions.
The Chairman of the Delta State Sports Commission, Chief Tonobok Okowa, represented by the Director-General, Mr Victor Onogagamue, assured that the commission will give necessary technical support to the programme.

Gov Fayose Escapes Death In Car Inferno (family alleges ‘it was a bomb attack)

There’s a new twist into the car accident survived by Ekiti State Governor, Peter Ayodele Fayose in Lagos some days ago as one of his brothers, Isaac alleged it was a bomb attack.

The Governor’s AMG Benz 2016 went up in flames and burnt beyond repairs along Oshodi expressway.

According to Isaac Fayose, the CEO of Anis Guards, he claimed ‘the accident was a bomb attack. My brother was in Lagos where he went to grant some interviews in a couple of radio stations, Jimi Agbaje came to meet him at one of the radio stations and they left together. On his way to the airport the Governor was in the car…a 2016 AMG for that matter! He noticed smoke was coming from the back of the seat and he jumped out and joined another car in the convoy, in a second the car went up in flames…it was a bomb attack, either spiritual or physical’.

The Governor’s spokesperson, Lere Olayinka confirmed the incident with claims that security operatives are working to determine the cause.

‘like husband, like wife’ Area Boys Boo Fayemi’s Wife Off Lagos Party

The pretty wife of the Minister Of Solid Minerals Development, Dr Kayode Fayemi, Bisi got more than what she expected as she was booed off a party in Lagos recently.

The quiet woman, as usual was dressed to the nine and was part of the VIP guests at a wedding ceremony in Lagos Island when she was accosted by some area boys who went wild and were singing her praise expecting a reward.

The woman pretended not to have noticed as she signaled to her security aides who made an attempt to ferry her into safety .

As she was being hurried to her car the area boys started booing her, hurling abusive languages with words like ‘like husband, like wife’, ‘esin race course’ while leaving her tofocus their attention on the Lagos First Lady, Mrs Ambode and ex Governor of Akwa Ibom, Obong Victor Attah who were also present at the party.

War In The Home Of Beauty: Celebrity MUA, Banke Meshida Arrests Employees Over Alleged N28M Theft

Celebrity make-up artiste, Banke Meshida Lawal is in rage! Her anger is not directed at anyone but two of her most trusted and favorite former employees, Demi William and Annabel Warrie.

Banke alleged that her two former employees left her employ and made away with her N28million, an allegation that got the two ladies arrested.

But those in the know countered the make up artiste with claims that she lied, that she only framed the ladies with then intent of smearing their names when they made their intentions known that they wanted to be on their own.

A source squealed to papermacheonline that she didn’t expect Banke Meshida to let go of the two without drawing blood, she pointed that Banke’s make up company is built on the strength of those two ladies who are experts on their job.

The anonymous client sent a text with the message ‘see, what all the clients want are the service of Demi and Annabel, we didn’t expect she would go to the length of framing them up for stealing because they left, that is cruel’.

Some influential individuals were said to have waded into the crisis with a plea to Banke to exercise patience.

As at the time of filing this story the two former employees of Mrs Lawal were said to have been granted bail with instruction to report to the police station whenever they are needed.

ZENITH BANK LEADS WITH HALF A TRILLION NAIRA GROSS EARNINGS IN 9 MONTHS

In a clear show of resilience and strong market share in the Nigerian banking industry, Zenith bank posted impressive gross earnings of N531bn for the 9 months to 30th September 2017. This represents an increase of 40% year-on-year and 5% year-to-date, and in fact the highest published by any bank in the Nigerian Banking industry in the current reporting period.
The bank demonstrated its ability to take the right actions and make the right choices in its Assets and Liability management strategies culminating in an increase of 27% in interest income from N285.7bn as at 30 September, 2016 to N361.8bn as at 30 September 2017. The bank was able to strategically switch assets in favour of high yielding asset classes and was also able to optimally price its assets in a yield environment.
Also Non-interest income grew 79% year-on-year to 169.5bn driven by the bank’s ability to take advantage of its strong foreign currency liquidity to generate income.
The Profit before tax (PBT) and Profit after tax (PAT) of Zenith witnessed an impressive growth of 31% and 35% year-on-year respectively to N152.5bn and N129.2bn. Again this is a show of resilience and demonstration of the ability of this financial institution to innovate and create impressive value from resources available to it.
We note further that Zenith achieved this excellent financial performance, despite adopting a very conservative approach to recognizing potential losses in its risk asset portfolio.
The bank has continued to maintain solid and high quality capital position with capital adequacy ratio at 21% well above statutory requirement of 15% and providing room for further growth and strong and consistent dividend payout. Liquidity ratio remains strong at 61% and also well above the regulatory requirement of 30%.
Consistent with this superlative performance and in recognition of its track record of excellent performance, the bank was recently honoured as The Bank of the Year and Best Bank in Customer Service by the publishers of BusinessDay Newspapers.

Child Custody: Aminu Atiku Detained

Aminu, of the sons of former vice president, Atiku Abubakar has been ordered detained.

This development is over an ongoing child custody case with his ex wife, Fatima

According to a report by the capital , “Aminu Abubakar, the son of Alhaji Atiku Abubakar, since his marriage with Fatima Bolori hit the rocks, he has known no peace.

However, a magistrate Court Sitting in the Tinubu area of Lagos has ordered the remand of Aminu Abubakar. Magistrate Kikelomo Ayeye ordered the remand for an alleged disobedience of a court order directing him to produce his son, eight-year-old Amir Atiku in court today (Wednesday).

On October 11, while listening to the proceedings in a case brought by Aminu Atiku’s estranged wife, Fatimo Bolori, the court had made the order for the emergency evacuation and protection of the child pending the hearing of the case today.

When the matter came up today, Aminu’s lawyer informed the magistrate that the parties were making plans to settle the matter out of court.

But the counsel to his estranged wife, Ethel Okoh, denied knowledge of an out-of-court settlement.

Magistrate Ayeye consequently cited Aminu Atiku for contempt of the court order made on October 11 and ordered that he should be remanded at the transit cell within the court premises while the case was stood down pending when he could produce the boy in court.

Fatimo and Aminu were divorced in 2011, and the two children of the marriage initially stayed with their mother, with an arrangement that they would spend vacations with their father.

However, during one of the school holidays in 2013, Aminu requested that they be released to him for a vacation abroad, after which he is said to have refused to let the kids return to their mother.”

2019: ‘Count Me Out’ -VP Osinbajo

Vice President Yemi Osinbajo has ruled himself out of the presidential race in the forthcoming coming election in 2019.

Attending the Financial Times AFRICA Summit in London on Monday, he had been reportedly asked if he had considered running, Osinbajo, to which he replied: “None of that is on the card.”

However, speaking at the summit, Osinbajo had explained that the present administration was making specific efforts to enable the private sector to thrive specifically by undertaking extensive ‘ease of doing business’ reforms, in addition to on-going investment in infrastructure.

He noted that the federal government in the past months has been working assiduously to improve macroeconomic conditions.

“After a continuous slide in growth since 2014, the trend of growth in GDP has turned around with a modest growth of 0.55% in the second quarter of this year while inflation, though still somewhat high, has declined from its peak of 18.7% in January 2017 to about 16% today,” he stated.