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Shareholders Applaud Zenith Bank Management, Approve N57bn Dividend

The shareholders of Zenith Bank Plc have commended the Board of Directors for an impressive financial year ended December 31, 2015, as they approved a total dividend of N56.5 billion for the period.
The Shareholders Group said despite the challenges in the environment and the harsh economy witnessed in the country, the bank posted an impressive result.
Speaking at the event, the National Coordinator of Independent Shareholders association of Nigeria, Mr. Sunny Nwosu, said the bank had done well in 2015 by giving shareholders dividend.
He encouraged the management to maintain its good corporate governance principles, which he said had positively impacted on the bank’s profitability.
Reviewing the 2015 financial year, the Chairman of Zenith Bank, Mr. Jim Ovia said: “The bank has remains committed to delivering superior returns to our shareholders as we declared an interim dividend of 25 kobo per share and a final dividend of N1.55, bringing the total dividend for the period to N180 as against N175 per share paid the previous year.”
He noted that owing to a number of domestic and external factors, 2015 was a very challenging year for operators in the banking industry.
For the bank, total deposits was N2.33 trillion for the year ended December 31, 2015, representing an increase of 3 per cent over the previous year’s figure of N2.27 trillion. Also profit after tax rose by 6.8 per cent from N92.48 billion in 2014 to N98.78 billion.
Gross earnings similarly grew by 6.6 per cent from N372.01 billion in year 2014 to N396.65 billion in 2015.
For the group, the performance indices were no less impressive. The Profit after tax jumped by 6.2 per cent from N99.45 billion to N105.66 billion while group total asset rose by 6.7 per cent, from N3.67 trillion to N4.01 trillion in 2015, while customers’ deposits grew marginally by 0.8 per cent during the same period, from N2.54 trillion to N2.56 trillion.
Group shareholders fund grew by 7.5 per cent, from N552.64 billion in 2014 to N594.35 billion and gross earnings similarly grew by 7.2 per cent, from N403.34 billion in 2014 to N432.53 billion in 2015, the financial report also showed.
Ovia, however said, in the face of a very challenging operating environment, Zenith Bank has maintained its culture of outstanding performance and industry leadership.
“As a bank, we are monitoring developments both in the domestic and global economy and applying pragmatism and dynamism, as appropriate,” he said.
Also the Managing Director of Zenith Bank, Mr. Peter Amangbo, added that the bank would continue to build a strong portfolio which is an important disposition for an effective and efficient model, saying this is expected to further impact business options in line with extant dynamics and influence prospects open to the bank
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Ajimobi’s Eldest Child, Bisola Dies In The UK

Late Governor Ajimobi’s first child, Bisola is dead!
News filtered in early Thursday, March 27, 2025 that Bisola,42 died after a brief illness in the United Kingdom.
The late woman before her death was the special adviser to the Minister of Budget and Planning, Atiku Bagudu.
Married to Kolapo Kola-Daisi, their marriage is blessed with three children.
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EFCC Arrests Top Businesswoman, Aisha Achimugu

The Economic and Financial Crimes Commission (EFCC) recently arrested prominent businesswoman and socialite, Aisha Achimugu, following allegations of fraudulent activities related to a multi-million-naira contract awarded to her company by a South-West state.
Achimugu, who serves as the Chairman of Bluewave Exploration and Production Limited, was detained last weekend after a civil society group filed a petition accusing her of involvement in dubious dealings concerning the contract. She was granted bail the following day but has been instructed to return for further questioning in the coming week.
Beyond her corporate endeavors, Achimugu is well-known in elite circles across Lagos and Abuja. Her social media presence showcases a lavish lifestyle, featuring exotic vacations, exclusive yacht parties, and private jet travels.
This arrest marks a significant challenge for Achimugu, whose business empire and social standing are now under intense public scrutiny. The EFCC’s investigation is ongoing, and the outcome may have far-reaching implications for her career and reputation.
A source hinted that Achimugu was asked by the commission to report back on the 30th of March,2025 for further questioning.
Not really bothered by the investigation, the billionaire days after her arrest launched a 30-day feeding Ramadan programme where she targets the less-privileged.
Additional Information- Streetjournal Magazine
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Obasa Missing as Lagos Assembly Sits, Lauds President Tinubu

The Lagos State House of Assembly convened for a crucial legislative session yesterday, but an unexpected absence stole the spotlight, the ousted Speaker Mudashiru Obasa was nowhere to be seen. The sitting, which focused on key legislative matters and a commendation of President Bola Ahmed Tinubu’s leadership, went on without Obasa, raising eyebrows among lawmakers and political observers alike.
New Speaker Mojisola Meranda presided over the proceedings, ensuring the session ran smoothly. During deliberations, the lawmakers took turns applauding President Tinubu for his strides in governance, particularly his economic and infrastructural policies aimed at revitalizing Lagos and Nigeria as a whole. However, whispers about Obasa’s absence could not be ignored.
Sources within the Assembly remained tight-lipped on the reason for his nonappearance, fueling speculation.
As lawmakers dispersed after the session, the big question lingered where was Obasa? For now, the mystery remains, but all eyes will be on the next sitting to see if the seasoned politician resurfaces.
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