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1
Ford Motor Company in collaboration with its local distributor, Coscharis Motors, has announced its participation as a supporting sponsor of the Next Titan, an entrepreneurial reality show.

A Ford Ranger will be given to the overall winner of the competition to start a business or to support an existing one.

“We are delighted to be part of the show once again. In 2016, Coscharis Motors sponsored the show for the first time and gave away a brand-new Ford Escape to the winner. The company is proud to support young talented Nigerians by improving mobility and enabling them to run their business more efficiently,” Abiona Babarinde, General Manager, Marketing and Corporate Communications at Coscharis Motors said

The Next Titan is a global standard television platform and is designed to educate young Nigerians about entrepreneurship, encouraging them to consider this as a career goal and reduce the high rate of unemployment. Sixteen participants, between the ages of 21 and 39, will battle one another in various business tasks, such as strategy, sales, marketing, promotions and others, for ten weeks.

During the competition, participants and viewers will get exposure to real life entrepreneurial challenges through informal training and learn from top business leaders. These learnings will be of great use to those who wish to start their own business or grow current businesses. The Next Titan winner will be announced on December 10.

2
The Central Bank of Nigeria (CBN) Deputy Governor, Joseph Nnanna and over 50 Chief Executive Officers, Executive Directors and top Management staff of banks as well as Academics will formally be conferred with the Fellowship and Honorary Senior Membership of the Chartered Institute of Bankers of Nigeria in Lagos on Saturday.

Out of the 192 awardees to be honored at Harbour Point event centre, 12 would be Honorary Fellows, 119 Associates would become Fellows while 61 would be honoured with the Honorary Senior Membership of the Institute, which is in recognition of the awardees’ services, commitment and contributions to the industry in particular and the nation’s economy in general.

The Honorary Awardees include Executive Governor, Central Bank of Liberia, Milton Alvin Weeks; Managing Director/Chief Executive of Fidelity Bank Plc,NnamdiOkonkwo;  Managing Director/Chief Executive, Infrastructure Bank Plc,KunleOyinloye; Managing Director/Chief Executive Citibank Nigeria Ltd, Akin Dawodu; Managing Director/CEO, Diamond Bank Plc, UzomaDozie. Others are former Managing Director/Chief Executive, Keystone Bank Ltd, Philip Ikeazor; Managing Director/Chief Executive, FirstBank of Nigeria Ltd, Adesola Adedutan; Managing Director/Chief Executive, FBN Merchant Bank Ltd, Olukayode  Akinkugbe and Managing Director/Chief Executive, Eco Bank Nigeria Ltd, Charles Kie.

The event will have Mr. Amine Mati as the guest speake, while Prof Segun Ajibola,  president/chairman of Council, CIBN, will be the chief host.

3
Plans by Wema Bank to carry out a  Scheme of Capital Reduction whereby the Share Premium Account of the lender is reduced from N48.870 billion to N8.698 billion has been approved by shareholders.

The approval came at the bank’s Extraordinary General Meeting  held at the weekend in Lagos. They consented that the N40,171,876,000 be transferred to the Capital Reduction Account. This will clear out the negative balance of N39,127,546,000 in the bank’s revenue reserve account and accommodate the balance due from the exercise.

The move is expected to make the bank eligible to pay dividends from profits made in the future, provided there are subsisting covenants or contracts entered into by the bank to the contrary.

The exercise is in line with the procedures set out in Sections 105, 106, 107, 108, 109, 110, 111 and 120 of Companies and Allied Matters Act (CAMA) and Rules 4(d), 4(g) and 5(4) of the Company Proceedings Rules 1992.

Wema Bank is pursuing this holistic approach to enable it position its balance sheet for better efficiency. Having been transformed to one of the leading banks within the retail banking space, Wema Bank with its national authorisation has reemerged a stronger, more efficient, resilient and customer-focused organisation with a robust risk and governance structure.

Wema Bank’s Chairman, Babatunde Kasali, told the Board of Directors that the macro environment in 2016 was challenging on a number of fronts for the bank. He said the economic realities especially the unstable and poor forex supply, liquidity challenges, economic contraction among others were dominant factors within the economy.

He said that despite these systemic challenges, the Wema Bank recorded 12.64 per cent growth in its post-tax profit   for the fiscal year.

“We appreciate the patience and continued support by our shareholders and understand the importance of returns on any investment decision. To this effect, we have considered it necessary to explore all alternatives within the regulatory confines, to position the bank for greater efficiency,”he said.

. With this approval, Wema Bank would give effect to the creation of a Capital Reduction Account (CRA), the transfer the negative balances in the retained revenue account to the Capital Reduction Account (CRA), reflect the carrying amounts on the specified assets based on their current economic values while effectively setting-off these balances against the share premium account.

As part of the next steps, the bank will approach the Federal High Court for approval on the resolutions passed by the shareholders. The approval is expected to be received within the next few weeks, leading to the passage of all accounting entries before the 2017 financial year end.

The exercise is expected to make shareholders alongside the investment community witness a more efficient balance sheet, improvements in our performance ratios — as the plough back of successive years’ profits lead to the continued growth of the Wema Brand. In addition, the Bank would also be well positioned to commence payment of dividend payments.

Commenting on the unaudited third quarter 2017 financial results of the bank, the Managing Director/CEO, Wema Bank Plc, Segun Oloketuyi provided further insights into the performance of the Bank during the period.

Despite the economic conditions, Wema Bank continues to show signs of resilience, evidenced by its growing brand acceptance and increased customer patronage.

“Gross earnings grew by 16.79 per cent from N37.89 billion in third quarter 2016 to N45.38 billion as at third quarter of 2017. This was supported by increased contribution from non-interest income which rose by 35.74 per cent from N5.96 billion in third quarter of 2017 to N8.09 billion. The high interest rate environment continued to impact earnings, as interest expense increased year on year. Despite this, the Bank recorded a growth in Profit before Tax (PBT) by 20.81 per cent to N1.80 billion. We expect that as interest rates trend downwards, our funding cost will decline, leading to improvements in our margins,” the bank said.

4
Former Dean, Faculty of Agriculture, University of Ilorin, Kwara State, Prof Abiodun Adeloye, has suggested proper monitoring of farm animals as a way of checking disease outbreaks across the country.

According to him, disease outbreaks among farm animals can cause significant economic damage.

Adeloye said the spread of livestock diseases could increase without supporting infrastructure to effectively service livestock farmers.

Reacting to the incidence of monkey pox, the don called for solutions to help farmers understand and manage livestock disease challenges.

He urged stakeholders to develop new standards in the provision of planned livestock health and building skills of early identification of cattle disease. The livestock diseases had a devastating impact on productivity, trade in live animals, meat and other animal products.

According to him, the negative consequences extended to human health and consequently, economic development. He urged the farmers and the government to follow biosecurity procedures, such as cleaning and disinfecting premises and vehicles.

These plans include designating affected premises, setting up protection and surveillance zones, and controls on animals movements.

5
The Nigerian Stock Exchange (NSE) has downgraded Seven-Up Bottling Company Plc from its special pricing status category following the depreciation in share price of the company.

The “high-priced stocks”, according to the NSE categorization, are stocks with share prices of N100 and above and regular and pre-determined level of activities. In 2012, the NSE had alongside the introduction of market-making introduced a pilot programme under which stockbrokers could move prices of “high priced stocks” with 10,000 shares as against the general operating rule of 50,000 shares for the movement of share prices of other stocks.

In a circular obtained at the weekend, the NSE indicated that it would downgrade Seven-Up Bottling Company from a “high-priced stock” category to the general stock category with effect from today, Monday October 23, 2017.

With the reclassification of Seven-Up Bottling Company from the “high-priced stocks” list, stockbrokers will only be able to move the share price of the company with 50,000 shares.

“We bring to your notice that 7up Bottling Plc has qualified to be reclassified from a high-price stock to a medium-priced stock, as the company’s shares hit below the N100 mark on 30 May 2017, and trades below N100 up till the close of business on 17 October 2017. This indicates that 7up Bottling Plc has traded below N100 in at least four out of the last six months. The stockbrokers will be able to move the price of 7up Bottling Plc with 50,000 units with effect from 23rd, October 2017,” the NSE stated.

With this, there are now nine stocks under the “high-priced stocks” including Dangote Cement Plc, Mobil Oil Nigeria Plc, Nestle Nigeria Plc, Nigerian Breweries Plc, SIM Capital Fund, Skye Shelter Fund, Nigerian Energy Sector Fund (NESF), Total Nigeria Plc and Seplat Petroleum Development Company Plc

The Exchange noted that it had introduced the “high-price stock” category as part of market segmentation programme to improve liquidity and deepen the market.

For upwards or downwards movement of price to occur on any security that is priced at below N100 and listed on The NSE, Stockbrokers are required to trade a volume of 50,000 units of  shares and above. Conversely, for securities priced at N100 and above, stockbrokers could move prices of these high priced stocks with 10,000 units of shares. These high priced stocks are securities that have traded an average of N100 or more per share and below N100 respectively in four out of the last six months period.

6
The Federal Government is to spend N15 billion ($42 million) over the next one year to explore minerals and attract investors into mining, to reduce its dependence on oil, Solid Minerals Development Minister Kayode Fayemi has said.

“Because we are starting from a low base, we want to have a portfolio of exploration activities in place that could whet the appetite of the average investor who wants to come in,”Fayemi was quoted to have said by Reuters at the weekend in interview in Abuja.

They will be able to “drill down when they have that baseline information”, he said.

The government plans to support investments in the exploration of its priority minerals, including gold, bitumen, iron, barite, limestone, lead and zinc, Fayemi said. The government is hoping to attract as much as N60 billion of private investment into mining, he said.

Tapping resources other than oil, Nigeria’s main export, is part of the government’s economic recovery and growth plan after the country went through its worst economic slump in 25 years as oil output and prices fell. Nigeria is Africa’s biggest oil producer, the sixth contributor to the Organisation of Petroleum Exporting Countries (OPEC) daily oil production. The contribution of solid minerals to gross domestic product is expected to increase to more than eight per cent by 2020 from less than one per cent year, according to the government.

To further encourage investors, incentives including tax holidays of as much as five years for new companies entering the market, duty free imports on mining equipment and mining licenses for 25 years have been put in place, the minister said.

Executive Secretary, Solid Minerals Development Fund, Haiha Fatima Shinkafi, said additional support for the industry is expected through a $600 million bond to be sold by the end of the year to raise more funds to provide required infrastructure and help accumulate data on minerals.

“Nigeria is one of the lowest spenders on exploration as far as mining activity is concerned. This government is determined to turn the tide on that, because we’re quite convinced of the opportunities,” Fayemi said.

Nigeria has at least 44 minerals that can be extracted in commercial quantities, according to the solid minerals ministry. Mining in the country is currently dominated by artisans, who produce gold, tin and others in small amounts.

7
Cement Company of Northern Nigeria (CCNN) Plc recorded impressive performance in the third quarter as increased sales and improved operating efficiency led to three-digit growth in profitability.

Key extracts of the interim report and accounts for the nine-month period ended September 30, 2017 released at the weekend, showed that CCNN grew sales by 47.67 per cent. Gross profit doubled by 110.9 per cent while pre and post tax profits jumped by 169.8 per cent and 182.55 per cent respectively.

The report indicated that turnover rose to N13.63 billion by September 2017 as against N9.23 billion recorded by September, 2016. Gross profit also increased from N2.48 billion to N5.23 billion. Profit before tax doubled from N1.06 billion in 2016 to N2.86 billion in 2016. After taxes, net profit leapt to N2.04 billion in 2017 compared with N721.58 million in comparable period of 2016. With these, earnings per share nearly tripled to N1.62 by September 2017 compared with 57 kobo recorded in corresponding period of 2016.

The third quarter performance of the Sokoto-based cement manufacturer further consolidated its impressive outlook, putting it ahead of other cement manufacturers.

CCNN had in the first half ended June 30, 2017 grew its top-line by 31.3 per cent and further optimised this into 42 per cent and 56 per cent growth in pre and post tax profits respectively.

The first-half report had shown that CCNN’s turnover rose from N6.48 billion in first half 2016 to N8.51 billion in first half 2017. Gross profit jumped by 60.7 per cent from N1.88 billion to N3.03 billion. Profit before tax leapt from N968.57 million in first half 2016 to N1.37 billion in first half 2017. Profit after tax also rose from N658.63 million in first half 2016 to N1.03 billion in first half 2017. Earnings per share increased to 82 kobo in first half 2017 as against 52 kobo in comparable period of 2016.

CCNN had embarked on a $300 million expansion project to modernize and increase the capacity of its 30-year old cement plant. The expansion project would increase the company’s installed capacity by 200 per cent to 1.5 million metric tonnes. The take-off fund for the expansion was provided by BUA International Limited, which holds 50.72 per cent equity stake in CCNN through its wholly-owned subsidiary-Damnaz Cement Company.

The expansion was part of the ongoing modernization and cost optimization programme aimed at reducing average cost and enhancing productive capacity with a view to ensuring that CCNN remained competitive in the cement industry.

There are indications that the company may subsequently float supplementary equity issue to refinance its capital structure and provide long-term funds necessary for such long-term expansion project.

Incorporated in August 1962, CCNN commenced business operations in 1967. A wholly-owned Nigerian company with more than 35,000 shareholders, CCNN’s shares were listed on the Nigerian Stock Exchange (NSE) in October 1993.

BUA International Limited-through its wholly-owned subsidiary-Damnaz Cement Company, holds 50.72 per cent majority equity stake. Nasdal Bap Nigeria Limited holds the second largest equity stake of 11.48 per cent.

8
Nigeria’s largest multi-brand automobile workshop has begun  operations in Lagos.

The hi-tech auto firm can service and repair all passenger and commercial brands – from Ferrari to Toyota.

TSL offers 30 per cent discount on service and repairs from last Thursday till October 31.

TSL founder Raju Sawlani said the company will not only be able to service 1000 vehicles in a day, it will also be equipped to service and repair all passenger and commercial automotive brands “from Ferrari to Toyota.”

He added that corporate bodies that register their fleet with the company between the same period “will receive special pricing.”

After the promotion date, TSL, he said, will match any reputed workshop in Lagos that has at least 18 service bays.

The firm will also engage in sale of new and used vehicles.

“We will provide Gold Certification and peace-of-mind on used vehicles, as well as 24/7 roadside assistance,” he said.

Sawlani said his decision to set up TSL was necessitated by a need to restore customer confidence in the nation auto market.

He said: “Having sold over 200,000 vehicles, valued at $7.2 billion in Nigeria over a 21-year period, my customers have voiced their concern to me about after sales issues. For this reason, I needed to launch TSL. I handpicked the best technical personnel in the Nigerian auto industry. These are highly experienced individuals, who I have observed over a 21 years period.

“The main parameters that define repair quality are quality of workmanship, genuineness of spare parts, lubricants and fluids used and the overall customer experience, which includes a reasonable price and the least amount of downtime.

“TSL will provide only genuine lubricants, fluids and parts. The downtime and stress caused by fake and substandard motor oil and motor parts drain billions of Naira from the economy. Customers have lost confidence in most high and low workshops.

“In addition, our machinery and equipment are from the top manufacturers in the world. We will prove to the world that supercars do not need to be flown out of Nigeria for service and repairs. Nigerians are highly talented and capable people.”

9
A mendment to the Pension Reform (PRA) Act 2014 will scare foreign investors from investing in the pension industry and the country, the National Pension Commission (PenCom), has said.

This is arising from calls for exemption of some agencies of Government from Contributory Pension Scheme (CPS).

Acting Director-General, Mrs. Aisha Dahir-Umar who made this known while speaking with journalists in Abuja said any policy somersault in the industry would result in loss of confidence in the pension reform and other reform initiatives of government.

She said if the amendment is allowed, the growing culture of national savings built within the last decade would be destroyed.

She  stated that due to the successful implementation of the pension reform, the discipline with which the industry players have been discharging their responsibilities and the resultant impact on the Nigerian economy, foreign investors have invested heavily in some major Pension Fund Administrators.

She said: “There are still some expressions of interest by foreign investors to obtain stakes in the pension administration business in Nigeria.

10
Reinsurers inAfrica are optimistic about the prospects of $ 6.8 billion Africa’s  reinsurance markets in 2018.

This is the outcome of the second edition of the Africa Reinsurance Pulse, launched today at the 22nd African Reinsurance Forum in Port Louis, Mauritius..

In 2016, Africa’s GDP growth dropped to 1.8 per cent, below the global average of 2.5 per cent and Insurance premiums declined by 15.3 per cent to US$ 61 billion.

The report stated that the contraction is mainly due to the depreciation of some key African currencies against the US dollar.

For 2018, the operators expect results to improve  as the underlying market fundamentals remain largely unscathed from the current decline.

The Africa Reinsurance Pulse is annual research series, conducted by Dr. Schanz, Alms & Company.

The report also stated that Africa’s young and growing population, is expanding middle class and technological innovations, which alter consumer habits, drive demand and create product opportunities as well as new avenues for distribution.

The executives said Africa remains dependent upon factors external to its own sphere of influence. While insurance markets contracted, excess capacity continues to flow inwards, driving competition and, as a consequence, protectionism.

The report read: “To some interviewees, this threatens markets as they exclude themselves from access to foreign expertise, limit the potential for risk diversification and thus increase the exposure within the ‘protected’ domestic economy. Current premium rates are low compared to the average of the past three years, but due to large losses, rising claims and the introduction of Risk-Based Capital regulation, pricing seems to stabilise. Still, current profitability is depressed as well.

But according to the interviewees,” we might be closing in on the bottom of the cycle. Driven by an increase in rates in life insurance, cost reductions, tighter underwriting discipline and a steady recovery of the economy, returns are expected to improve.

“”The inflow of excess capacity into Africa is expected to continue, albeit at a slower pace. Since Africa will remain a growth market, reinsurers rather trim their costs than reduce capacity.

Due to low exposure to natural catastrophes and largely uncorrelated risks, Africa remains a ‘diversification play’ and will continue to attract capacity. A vast majority of executives assume that reinsurance exposure will grow as fast or even faster than GDP as the concentration of values continues to rise, while rates decline.

“As a result, premiums are expected to grow at a slower pace than GDP. Only once the economy rebounds, premiums should outgrow GDP again, provided heightened demand will translate into stable or rising reinsurance rates as well. On average the reinsurers and brokers surveyed were active in 20 African markets. Over the course of the past three years, a majority of them increased the number of markets they are active in.

Going forward that trend will continue as to most of the reinsurers and brokers interviewed an expansion into new markets and/or new lines of business is a top priority for the next 12 months. Regulation has improved in the past 12 months in Africa.

“Markets like Morocco and Kenya adopted a Risk-Based Capital solvency approach, while minimum capital requirements were increased and compulsory insurance schemes more systematically enacted.

They also noted the rising protectionism in Africa and are equally concerned about a lack of enforcement and consistency in regulation. Although there is no uniform trend across the reinsurance sector in Africa, rising protectionism and excess capacity are major concerns.

Underwriting quality, risk management and expertise are seen to be improving.. An expanding middle class, a deeper understanding for insurance products and the emergence of new technologies will benefit insurance markets and help increase insurance penetratio”, it added.

11
Coscharis Group has rolled out over 600 units of Ford Ranger at the new Ford Auto Plant on Lekki-Epe Expressway, its President/Chief Executive Officer, Dr Cosmas Maduka  has said.

Maduka disclosed this while unveiling the plant.

He said: “At the moment, focus at the plant is to roll out the Ford Ranger, a multipurpose mini-truck that serves well for both work and leisure.

“As you are all aware, Ford has a global standard for all of its products including the Ranger. Therefore, Ford’s certification of our facility and output is a confirmation that every single Ranger that rolls out of this plant is indeed ‘Built Ford Tough’ from which we’ve rolled out over 600 units from this facility since we started operation; some of which are on display outside.

“But we will not rest on our oars as we are sure to wax stronger into the future with the introduction of other great Ford variants into the assembly line.”

Maduka called on the Federal Government to give more support to the automotive industry.

“We can only but demand for governmental support in terms of creating enabling environment vis-à-vis basic infrastructures that are required to keep the manufacturing process on and more importantly the purchase patronage of the finished products from the Plant,” he said.

Motoring journalists were conducted round the facility.

Maduka, said his company ventured into the project in response to the “clarion call of the Federal Government of Nigeria through the National Automotive Industry Development Plan (NAIDP).

“This is also to appreciate the confidence that the globally respected iconic brand, Ford, reposed in us, as their exclusive official representative in Nigeria to roll out the very first Ford Assembly Plant in Nigeria.

“Therefore, the fact that we have ventured into it headlong underpins the level of confidence and hope we have for the future of the Nigerian automotive industry.

“This is to underscore the human capital opportunities that stand to be delivered in terms of employment and by extension the multiplier effect on the economic development of our dear country, Nigeria,” he said.

12
To close Nigeria’s gas infrastructure gap, the Federal Government and oil and gas stakeholders will require $10 billion investments, The Nation has learnt.

The Vice President, Gas & Commercial, Aiteo Exploration and Production (E& P), Victor Okoronkwo, stated this at the Nigerian Gas Association (NGA) financial forum on investing in Nigeria’s future held in Lagos.

Speaking on “Enabling gas to power infrastructure – beyond pipelines,” Okoronkwo said besides the gas infrastructure gap of $10 billion, Nigeria also needed between $15 billion and $20 billion to fill the gap in gas-to-power value chain.

He said: “The huge infrastructure gap is key in developing the Nigerian Gas Master Plan, establish a commercial framework and an infrastructure blue print for natural gas.  It is estimated that infrastructure gap in the gas sector requires about $10 billion over the next two to four years.”

He said the amount involved in solving gas infrastructure and related issues is huge, to bring natural gas to you. We have made all the mistakes and, hopefully, have learnt from them,’’ he added.

Leveraging the advancement in technology, companies are using the virtual pipeline technology to bring natural gas to markets and industrial clusters in affordable, sustainable, safe way to enable, and in some instances kickstart the industrialisation we desperately need to diversify our economy, he said, adding that the implementation of virtual pipeline is the bedrock of the recently enacted National Gas Policy.

He said: “Nigeria holds about 190 trillion standard cubic feet (Tscf) of natural gas, making Nigeria the ninth largest gas reserves holder in the world, but ironically, Nigeria ranks 22nd in production and utilisation – indicative of our level of industrialisation.

“Nigeria’s natural gas production is about 7.5 billion standard cubic feet per day of gas (Bscf/d), 43 per cent of this is exported to Europe and America mainly through the Nigeria Liquefied Natural Gas Company Limited (NLNG), and a paltry volume to the West Coast  through the West African Gas Pipeline (WAGP); 13 per cent is used domestically for power generation and industries. Power generation actually consumes huge chunk of the domestic supply.Thirty-four per cent is used upstream for gas re-injection and other operational uses, while about 10 per cent is flared.

On infrastructure, with a land mass of over 920,000 sq. km, Nigeria has only 4,000 km of gas pipelines, saying this is grossly inadequate to serve the vast population of over 170 million people.

“Nigeria’s energy mix is around 85 per cent thermal, mainly gas fired and 15 per cent by hydro. The Federal Government estimates that the economy loses about N29.3billion yearly due to lack of adequate electricity. The nation targets 10 megawatts (Mw) by 2019. To achieve this, it is estimated that the country will require investments in power generating capacity alone of at least $ 3.5billion per year.Correspondingly, large investments are also required in the other parts of the electricity infrastructure chain – transmission and distribution networks including metering.”

Okoronkwo said the huge electricity deficit also means Nigeria has tried all sorts of models to bridge the gap, including but not limited to integrated gas-to-power projects by upstream oil and gas companies, commer...ation and partial privatisation of the electricity sector and institutional reforms, among others. Consequently, Nigeria has ended up with multiple government and private sector players in the gas-to-power chain creating an overtly complicated regulatory and pricing regime, he added.

“The large-scale power plant projects are very capital intensive requiring several billions of dollars of investment, very rigorous financing requirements, major project delivery expertise, suite of regulatory processes, thereby making it difficult to deliver such projects. This method also requires central intensive central planning and massive layout of infrastructure,” he added.

13
POLITICS / Traders Promise To Back Obiano
« on: Today at 05:22:27 AM »
Traders in various markets at the Onitsha Bridge Head  have resolved to vote for Governor Willie Obiano during the November 18 polls in Anambra State.

The President-General of the Markets, Mr Sunday Obinze, made the above remark while addressing no fewer than 15,000 traders at a political rally. Obinze said traders would prefer to vote for the incumbent governor, to enable him to consolidate on projects that he started.

He said Obiano has provided an enabling environment in the last three and half years, for trade and commerce to thrive, adding that the security measures installed by the governor had helped to guarantee safety of lives and property.

He said: “We do not need a change of governor. We have absolute confidence that Gov. Obiano, who will over the next four years touch on all other vital areas he was unable to touch in the first tenure.

“He has also involved traders in the scheme of things; the first of its kind since the creation of Anambra State. Do you want a change?” he rhetorically asked his colleagues, who re-echoed that they prefer Obiano to continue.

The Chairman of UBA Joist and Plank Association, Anthony Chuloli, recalled that before Obiano became governor, there was no single market in the state that did not record one fire disaster or another.

He said: “We don’t want to return to godfatherism and we don’t want our market and property to be set ablaze again.  We are ready to sink or swim with Obiano in the Nov. 18, election.”

He advised candidates of other political parties contesting the election not to waste their money and time on traders, because they had unanimously resolved, what direction they were headed.

Chuloli also cautioned the parties to allow zoning to continue, so as to make for smooth transition, so as to enhance development of every zone.

“It would also sustain peace and unity and reduce waste of money and energy during elections,” he added.

14
POLITICS / PDP Solicits Support Of Okpoko Community
« on: Today at 05:21:49 AM »
THE governorship candidate of the People’s Democratic Party (PDP), Mr. Oseloka Obaze, and former Governor Peter Obi stormed Okpoko community, in Ogbaru Local Government Area, recently, to meet with the stakeholders for support.

At the meeting, which was attended by all the stakeholders in the community, spanning all the political parties, the PDP flag bearer was assured of the support of the community.

One of the speakers that solicited support for Obaze at the meeting, Mr. Ezeanuna Nzeribe, told the gathering that the community in particular and Ogbaru Local Government Area in general have been presented with a rare opportunity of backing not just an aspirant, “but the best candidate for the job”. He promised that the community will support Obaze’s aspiration to govern the state.

Nzeribe urged the community to vote for the PDP candidate on election day, because they may not get another chance to make one of their kinsmen governor until about 20 years time.

The former member representing Ogbaru Federal Constituency at the House of Representatives, Hon. Afam Ogene, recounted how they campaigned for the governorship to be zoned to Anambra North, only for the incumbent to waste those years with his woeful performance in government.

Ogene, an APC chieftain, said his support for Obaze was not because they are from the same town, “but because he’s at home with the work needed to be done in Anambra and possess the required competence”. He said it is immaterial that he is campaigning for the candidate of another political party.

In his remark, Obi bemoaned the unacceptable deterioration of Okpoko, saying all the roads in the community were due for renewal. He decried the abandonment of the Obodoukwu Road particularly, saying he would soon take a walk there to plead for the patience of the people and seek their support to install a PDP government, to address the problem.

Obi reminded the stakeholders that during his campaign for Obiano, he promised that if he (Obiano) failed to perform, he (Obi) would lead the campaign for his removal.

He said: “We had an agreement with the Federal Government that if we do the road from Atani to Ogwikpele, they will construct the bridge across it.  School fees are now 10 times what it used to be. The same with tax and levies and a lot more; yet, there is nothing to show for it.

“Sen. Chris Ngige was fighting a war of survival as governor, yet he did 194km of road in 34 months. In my first tenure, with impeachment battles, I did over 400 km, can you name any road Obiano has completed in over three years?

“Our foreign partners came here looking for communities to upgrade; we agreed on Okpoko and a UN Habitat study was conducted and recommended the need for Urban Renewal to build special structures in the community. But, the project is yet to commence, because our foreign partners don’t believe in partnering with the incumbent governor.”

15
The candidate of the Action Democratic Party (ADP), Mr. Ifeanyichukwu Okonkwo, says he will sue the flag bearers of the All Progressives Grand Alliance (APGA) and the Peoples Democratic Party (PDP) in the November 18 governorship election in Anambra State, Mr. Willie Obiano and Mr. Oseloka Obaze, respectively, to explain where they got the money they are dolling out for their campaigns.

Speaking in Awka, while unveiling his manifesto, Okonkwo said he would go to court, because he has been monitoring the candidates who were the first to flag off their campaigns and have noticed the obscene amount of money being spent.

The ADP candidate lamented the inability of the Independent National Electoral Commission (INEC) to discipline the two political parties, saying the commission has no powers to discipline parties that flout electoral regulations on campaign expenses.

Okonkwo said the situation is responsible for INEC not performing its functions effectively. He added that Section 91 of the Electoral Act 2010 (as amended) provided the maximum amount that could be spent by candidates at various levels in an election.

He said: “I will go to court to challenge these expenditures. We need to know where they are getting all these monies they are spending. For those who have flagged off their campaigns, I am tracking their expenditures.

“I know how much it costs to invite Channels Television to provide live coverage for events, and these parties have consistently been on live television broadcast for all their events. We see all the vehicles they have bought and branded and we know how much each of the vehicles cost.

“We will even need to know who is leasing these vehicles to them, if they were procured on lease. These are the questions we will be finding answers to in court.”

16
POLITICS / ‘Candidates Should Debate’
« on: Today at 05:20:39 AM »
A non–governmental organisation (NGO), the Civil Rights Concern (CRC), has urged similar associations to engage the governorship candidates of various political parties on their manifestos.

Speaking with The Nation in Awka, the CRC Coordinator, Okey Onyeka, said the aim was to hold them responsible if they fail to fulfil their campaign promises.

Onyeka said: “Elections are coming up in November this year and citizens of this state are to determine who eventually gets elected.

“This is a big role for citizens to undertake in our governance process. In order to effectively undertake this role, we believe that it is important for them to be prepared, so as to have effective engagement.”

He said the CRC has mobilised other NGOs, particularly those engaged in sectors such as health, education, agriculture and public utilities, as well as the business community, to take the candidates to task.

Onyeka added: “We have deliberated on the level of service delivery in the above sectors and came up with the decision that we will engage major participants in the election, to influence the outcome.

“The various groups associations now have their manifestos and will organise debates for the candidates.

“Whoever gets elected will be prepared to implement the negotiated objectives as we already have platforms to discuss.

“The platforms are committees of stakeholders in health, education, agriculture and education. These platforms are currently engaging the government on its results and achievements.”

17
POLITICS / PPA promises to link up Awka North communities
« on: Today at 05:18:37 AM »
The flag bearer of the Progressive People’s Alliance (PPA), Mr. Godwin Ezeemo, has decried the state of the roads in Awka North Local Government, saying that he will spend the first six months in office constructing a network of roads to connect all the communities in the area, if elected as the governor come November 18.

Ezeemo made the declaration at Achalla recently, while addressing the stakeholders in the area, including the revered traditional ruler of the area, Igwe Alex Nwokedi, as part of his campaign tour.

The PPA candidate promised that the roads would be constructed to world standard.

During the tour, his motorcade struggled through the near impassable terrain of Awka North and had to pass through several other local governments to connect from one community to another.

He lamented that it was an act of wickedness by the past and present governments to deny the people good roads, the most basic infrastructure, even when the resources to provide them were available.

Ezeemo asked rhetorically: “How can an ex-governor tell us that that he left 40 billion naira in cash while leaving office, when we have such pressing needs like linking up sister communities in Awka North with good roads, which will facilitate socio-economic development of the area and ultimately the state?

“How can the present government be proud to spend billions of naira on high quality billboards, endorsements and posters, campaigning for second term, when the same money was enough to build the long-neglected link roads in Awka North, a more effective way of winning the heart of the people to vote for him for second term?”

In his response, Igwe Nwokedi, who was the Chief Press Secretary to former President Olusegun Obasanjo in 1978, acknowledged Ezeemo’s candid observation, saying that he spent his days during the Nigerian civil war in Aguata, Ezeemo’s local government, and that Aguata people left a good impression on him.

He said: “Umuchu people are good people; very decent, humane, genuine people who are highly controlled by their nature, and I believe that Ezeemo will behave like his people.”

18
NEWS / EFCC: Maina Paid $2m Cash For Abuja House
« on: Today at 05:07:23 AM »
Wanted civil servant AbdulRasheed Maina bought a $2 million house in Abuja, the Economic and Financial Crimes Commission (EFCC) has claimed.

The mansion was allegedly acquired by Maina when he was the chairman of the controversial Presidential Task Force Team on Pension Reforms.

Maina also has a 24-charge case pending before a Federal high Court. He has been reinstated as director, an action that has sparked a big row over the anti-graft war.

Maina was declared wanted by the EFCC in November 2015 for alleged fraud. The EFCC reported him to the International Police (INTERPOL).

He resurfaced this month as an acting director in the Ministry of Interior.

An EFCC fact-sheet shows that Maina was under probe for multiple allegations, including fraudulent biometric contracts, which resulted in the mismanagement of over N2billion of pension funds and acquisition of choice mansions in Abuja.

According to the document, an investigative team led by Habibu Aliyu, an EFCC official, uncovered how Maina paid $2million for a property at 10, Amisi Musa Street in Jabi Lake, Abuja.

Part of the fact sheet says: “Our findings confirmed that he paid $2million for the house in cash in one day when he was the chairman of the Pension Reform Task Team.

“Investigation showed that the house was sold to him in June 2012 by one Adamu Modibbo. It is located at 10, Amisi Musa Street, Jabi Lake Area. The house was bought at the time he was in charge of pension reform.

“The EFCC marked the house as a property under investigation but all the marks were removed and the walls repainted. Maina has other properties which he acquired as an Assistant Director in the Federal Civil Service.”

The fact-sheet gives an insight into attempts to bring Maina to book, including when he relocated to Dubai in the United Arab Emirates (UAE).


•The frontage of the $2m house in Abuja
The document states: “Maina was declared wanted by the EFCC. On November 11, 2015, the EFCC wrote to the Inspector-General of Police, with an attention to the Commissioner of Police (INTERPOL), requesting for the publication of Abdulrasheed Maina on INTERPOL Red Alert.

“The letter sought assistance for the arrest of Maina who has a fraud case, FHC/ABJ/ CR/, requesting for the publication of Abdulrasheed Maina on INTERPOL Red Alert.

“The letter sought assistance for the arrest of Maina who has a fraud case, FHC/ABJ/ CR/97/ 2015 dated July 10, 2015.”

A source told our correspondent: “This INTERPOL step was taken barely a week after Ibrahim Magu took over as the Acting Chairman of EFCC.

“It will be interesting to tell you that when we sent the letter to the INTERPOL initially, it got missing, but unknown to them, we had the acknowledged copy. We were undeterred; we had series of correspondences with the INTERPOL.

“After many months, on January 12, 2016, the commission received a response from INTERPOL acknowledging the receipt of the letter to place Maina on Red Alert.

“But INTERPOL requested for more information to take some steps. This was the position in INTERPOL while the EFCC went ahead with the trial of Maina and others.”

It was learnt that the EFCC was on the trail of Maina.

“Our detectives are on standby to arrest him any moment from now. We are already trailing his whereabouts. As of Sunday, he was said to have shifted base to Kaduna.

“I can tell you that Maina, who was declared wanted by EFCC, is being protected by some armed policemen. No one knows how he came about special protection.”

The EFCC had on November 2, 2015 declared the former Chairman of the Pension Reform Task Team wanted.

A statement by the Head of Media and Publicity of EFCC, Mr. Wilson Uwujaren, said Maina was wanted for his alleged role in the fraudulent biometric contracts through which he and former Head of Service Steve Oronsaye and two others allegedly mismanaged over N2billion of pension funds.

The statement said: “Maina was on July 21, 2015 charged alongside Oronsaye , Osarenkhoe Afe and Fredrick Hamilton Global Services Limited before a Federal High Court on a 24-count charge bordering on procurement fraud and obtaining by false pretence.

“While Oronsaye and two others were in court and pleaded not guilty to the charge, Maina had been at large.

“However on July 21 when the court heard the bail applications of the accused persons, Maina through his counsel, Esther Uzoma, told the court that he was not at large, claiming that the EFCC had never invited him.

“Consequently, EFCC counsel, Rotimi Jacobs, SAN, pleaded with the court to prevail on the accused’s counsel to produce Maina in court as the Commission had no clues as to his whereabouts.

“The court granted Rotimi’s prayers, yet Maina continued to shun court proceedings, leaving the Commission with no option than to declare him wanted.

“Indeed, since the Commission filed charges against Maina, more damning evidence have emerged on how the ebullient former Pension Task Team boss siphoned pension funds using secret accounts in a new  generation bank in Abuja.

“Two officers of the bank were quizzed two weeks ago. Commission’s sources said they made damning revelations of several opaque transactions through which Maina allegedly lined his pockets at the expense of thousands of hapless pensioners.”

Oronsaye has been discharged and acquitted by the Federal High Court of the charges preferred against him.”

19
President Muhammadu Buhari employed diplomacy to douse the tension that the issue of the Fethullah Movement would have created between Nigeria and Turkey, Minister of Foreign Affairs, Geofrey Onyeama, said at the weekend.

He also said the Turkish authorities requested for the extradition of over 1,000 Turkish citizens in Nigeria for belonging to the Fethullah Movement “FETO”, which has been declared a terrorists organisation by the Turkish government.

The extradition request, prior to the meeting between President Muhammad Buhari and President Tayyip Erdogan, on Thursday, in Ankara, had created tension between both countries as Nigeria refused to accede to the request of the Turkish authorities to have the affected persons extradited.

Speaking with reporters in Turkey, the Minister said for the “diplomatic skills” of President Buhari, the matter would have led to a frosty diplomatic relations between Nigeria and Turkey.

He said “There was the request for the extradition of some of the Turks in Nigeria who have been given asylum to remain in Nigeria and recognized by the United Nations (UN) as political refugees and the Turkish government requested that we extradite some of them.

“There was also the request that the schools and hospitals established by GülenMovement should be closed in Nigeria. They now labelled them Fethtulah (FETO) as a terrorists organization.

“These were all issues that were lingering and complicating slightly relationship between the two countries. So what this visit has been able to do I think is to put all those to rest and facilitated direct engagement and what I will call agreeing for a way forward between the two countries.

“Mr. President was very very good in that. He is a very good diplomat. Very very skillful diplomat. He was able to really douse the tension between the two sides while not compromising on principles of Nigeria.

“He did it very very well with a lot of diplomatic skills. The result has been that it has improved relationship between the two countries and government. The level of confidence between the two countries has also increased. It is a real diplomatic masterpiece,” he said.

Onyeama said that President Buhari assured President Erdogan that Nigeria would not allow its territory be used as a breeding ground for any terrorist or group of individuals with the aim of destabilizing Turkey.

“The point was made and Mr. President with regard to the Gülen movement that under no circumstances would Nigeria allow itself to be a base for the destabilization of Turkey.

“And Mr. President came out very strongly in support of the democratic process and institutions of Turkey, condemning the coup attempt in Turkey and reassuring the Turkish government of Nigeria’s total support for the territorial integrity of Turkey, for the democratic governance in Turkey and the security of Turkey.

“Likewise the Turkish government made that reassurance to Nigeria. So once they got those different issues out of the way, it was much easier and they were more able to focus on what will transform the lives of Nigerians and the Turkish people,” Onyeama said.

20
NEWS / Big Banks Control 70%
« on: Today at 05:03:48 AM »
Big banks are dominating the Nigerian banking space, controlling as much as 70 per cent of its market share. The big lenders also have most of the bad loans in the industry.

These and more facts are contained in the 2017 Nigerian Banking Sector Report, “Nigeria Reopens for Business”, which was released at the weekend in Lagos. The report will be launched by Central Bank of Nigeria (CBN) Governor Godwin Emefiele at the London Stock Exchange (LSE) on Friday.

The CBN classifies lenders into three groups: large or big banks, those with assets greater than or equal to N1 trillion; medium banks with assets greater than or equal to N500 billion but less than N1 trillion and small banks with assets of less than N500 billion.

The report, prepared by Afrinvest West Africa, an independent investment banking firm, shows that naira’s depreciation affected all the banks and the oil and gas/ power sectors. It observed a continued widening of the gap between the Tier-1 and the Tier-2 banks due to naira devaluation and foreign exchange (forex) crisis.

“Once upon a time, Tier-1 banks accounted for about 60 to 65 per cent of the market share of the banking sector. In the universe of 14 banks we covered in this report, we have seen that percentage rise to over 70 per cent. Tier-1 banks have continued to grow, often at the expense of the Tier-2 banks,” Ike Chioke, Managing Director, Afrinvest West Africa told financial journalists in Lagos.

On whether the Tier-1 banks will eventually swallow the Tier-2 banks and push them out of the market, he said: “No. There must be spe...ation for everybody. The banking industry is growing and we have seen double-digit growth over all. It’s just that the Tier-1 banks are growing faster. So, it could be a Tier-2 bank that may see its business double. There will be areas of spe...ation. There are certain transactions that go to Tier-2 banks because they are more spe...ed in that area and get decision making faster. So, you will always find space for each of the banks”.

Chioke spoke of how banks that extended foreign currency loans to the power sector and oil and gas sector had their problems magnified by devaluation of the naira.

He said that some of the Tier-1 banks with more foreign currency deposits that were risk assets benefited from the devaluation and, therefore, were booking forex gains.  “The likes of Guaranty Trust Bank, Zenith Bank, United Bank for Africa and Access Bank belong to that group,” Chioke said.

He went on: “You might also recall that some of the members of the Monetary Policy Committee of the Central Bank of Nigeria have observed that some of the Tier-2 banks might be challenged. While one may say that the system itself is sound, but if we have multiple Tier-2 banks that are challenged, and if all of them were to go down at the same time, you could have a pack of a systemically important bank.”

The forex crisis, he noted, created problems in the power sector because a lot of people had borrowed money in foreign currency to build gas pipelines, gas processing systems to deliver power to the power stations and now the power stations cannot pay for that. That, he said, led to massive bad loans.

Chioke said some of these bottlenecks had been resolved. The positive profit momentum, which most of the banks registered, has given them some buffer to get away with some of the ailing problems mentioned, according to him.

21
NEWS / How He Was Reinstated, By Minister
« on: Today at 05:02:38 AM »
Minister of Interior Abdulrahman Dambazau yesterday explained how Maina was reinstated into the civil service.

A statement yesterday by Ehisienmen Osaigbovo, Dambazau’s spokesman, said:  “The ex- Chairman of the Presidential Task Force Team on Pension Reforms Abdulrasheed Maina was posted few days ago to the Ministry of Interior by the Office of the Head of Service in an Acting capacity to fill a vacancy created following the retirement of the Director heading the Human Resources Department in the Ministry.

“For the avoidance of doubt, issues relating to discipline, employment, re-engagement, posting, promotion and retirements of Federal Civil Servants are the responsibility of the Federal Civil Service Commission and Office of the Head of Service of the Federation, of which no Minister exercises such powers as erroneously expressed in this publication. It is understood that Maina’s last posting was with the Ministry of Interior, and that is probably why he was re-posted back to the Ministry.

“It is therefore improper for anybody to think that a Minister could exercise such powers or influence the process of Discipline, Re-engagement, and Deployment of any civil servant to his Ministry or any other Ministry for that matter. Again such responsibility is that of the Federal Civil Service Commission and/or the Head of Civil Service.

“In any case, the relevant institutions of government are alive to their responsibilities regarding the allegations confronting Mr. Maina.”

22
Edo University Iyamho, located in Etsako Central in the central of Edo North, is one of the world's leading teaching and research universities. Since its opening in 2016, EUI has been dedicated to finding solutions to big challenges and to preparing students for leadership in a complex world.

PROFESSOR

DEPARTMENTS

Morbid Anatomy
Medical Biochemistry
Chemical Pathology
Medical Microbiology
Hematology and Immunology
Nursing
Physiology
Mass Communication
Medical Laboratory Science
Economics
Accounting
History and International Studies
Political Science and Public Administration
Computer Engineering
Chemical Engineering
Computer Science and Mathematics
Electrical/Electronics Engineering
Microbiology

QUALIFICATIONS
Candidates should possess an MBBS degree, a Fellowship may be acceptable in place of a PhD, with at least ten (10) years teaching and research experience in a University, with at least 2 years as an Associate Professor.
Candidates must possess scholarly publications in both local and international journals as a proof of being spe...t in core areas of departmental fields of study and membership of Professional bodies where required.
A candidate must also have sufficient administrative experience.
He/she must have the ability to provide academic leadership.
Computer literacy and ability to teach using Multi Media is mandatory
Salary and Allowance
Salaries and allowances are as obtainable in Nigerian Public Universities. An enhanced welfare package is also in place to attract the best in the education sector.

SENIOR LECTURER

DEPARTMENTS

Morbid Anatomy
Medical Biochemistry
Chemical Pathology
Medical Microbiology
Hematology and Immunology
Nursing
Physiology
Mass Communication
Medical Laboratory Science
Economics
Accounting
History and International Studies
Political Science and Public Administration
Computer Engineering
Chemical Engineering
Computer Science and Mathematics
Electrical/Electronics Engineering
Microbiology

QUALIFICATIONS
Candidates should possess an MBBS degree, a Fellowship may be acceptable in place of a PhD, with at least 5 years teaching and research experience in a University, with at least 2 years as a Lecturer I.
A candidate must also have sufficient administrative experience.
Computer literacy and ability to teach using Multi Media is mandatory

Salary and Allowance
Salaries and allowances are as obtainable in Nigerian Public Universities. An enhanced welfare package is also in place to attract the best in the education sector.

Conditions of Service
As contained in the approved conditions governing service of Senior Staff of the University.

PRINCIPAL MEDICAL LABORATORY SCIENTIST

QUALIFICATIONS

Must hold the Bachelor of Medical Laboratory Science (BMLS) and have a Master's Degree in any of the Medical Laboratory Science disciplines or the Fellowship Medical Laboratory Science Council of Nigeria.
Candidate must be registerable with the Medical Laboratory Science Council of Nigeria with at least six years’ experience in the University or Teaching Hospital.

Salary and Allowance
Salaries and allowances are as obtainable in Nigerian Public Universities. An enhanced welfare package is also in place to attract the best in the education sector.

Conditions of Service
As contained in the approved conditions governing service of Senior Staff of the University.

ASSOCIATE PROFESSOR

DEPARTMENTS

Morbid Anatomy
Medical Biochemistry
Chemical Pathology
Medical Microbiology
Hematology and Immunology
Nursing
Physiology
Mass Communication
Medical Laboratory Science
Economics
Accounting
History and International Studies
Political Science and Public Administration
Computer Engineering
Chemical Engineering
Computer Science and Mathematics
Electrical/Electronics Engineering
Microbiology

QUALIFICATIONS
Candidates should possess an MBBS Degree, a Fellowship may be acceptable in place of a Ph.D, with at least ten (8) years teaching and research experience in a University, with at least 2 years as a Senior Lecturer.
Candidates must possess scholarly publications in both local and international journals as a proof of being spe...t in core areas of departmental fields of study and membership of Professional bodies where required.
Candidate must also have sufficient administrative experience.
He/she must have the ability to provide academic leadership.
Computer literacy and ability to teach using Multi Media is mandatory
Salary and Allowance
Salaries and allowances are as obtainable in Nigerian Public Universities. An enhanced welfare package is also in place to attract the best in the education sector.

Conditions of Service
As contained in the approved conditions governing service of Senior Staff of the University.

LECTURER I

DEPARTMENTS

Morbid Anatomy
Medical Biochemistry
Chemical Pathology
Medical Microbiology
Hematology and Immunology
Nursing
Physiology
Mass Communication
Medical Laboratory Science
Economics
Accounting
History and International Studies
Political Science and Public Administration
Computer Engineering
Chemical Engineering
Computer Science and Mathematics
Electrical/Electronics Engineering
Microbiology

QUALIFICATIONS
Candidates should possess a Ph.D degree in the discipline applied for from a recognized University with at least three (3) years of teaching and research experience since becoming a Lecturer II in a University or comparable institution of higher learning.
Evidence of scholarly publications in reputable journals is also required.
Candidate should have been a Lecturer II for a minimum of three (3) years.

Salary and Allowance
Salaries and allowances are as obtainable in Nigerian Public Universities. An enhanced welfare package is also in place to attract the best in the education sector.

Conditions of Service
As contained in the approved conditions governing service of Senior Staff of the University.

MEDICAL LABORATORY SCIENTIST

QUALIFICATIONS

Must hold the Bachelor of Medical Laboratory Science (BMLS) and registerable with the Medical Laboratory Science Council of Nigeria.
Must show specializations in any of the following; Anatomy, Morbid Anatomy, Chemical Pathology, Haematology and Blood transfusion.  Must have at least two years' post qualification experience in the University or Teaching Hospital.

Salary and Allowance
Salaries and allowances are as obtainable in Nigerian Public Universities. An enhanced welfare package is also in place to attract the best in the education sector.

Conditions of Service
As contained in the approved conditions governing service of Senior Staff of the University.

SCIENCE LABORATORY TECHNOLOGIST

QUALIFICATIONS

Must hold the B.Sc/HND in Science Laboratory Technology with specializations in any of the following: Biochemistry, Pharmacology and Physiology.
Must have at least three years’ experience in the University or Teaching Hospital.

Salary and Allowance
Salaries and allowances are as obtainable in Nigerian Public Universities. An enhanced welfare package is also in place to attract the best in the education sector.

Conditions of Service
As contained in the approved conditions governing service of Senior Staff of the University.

MEDICAL LABORATORY ATTENDANT

QUALIFICATIONS

Must hold the Medical Laboratory Attendant Certificate registerable with Medical Laboratory Science Council of Nigeria.
Must have at least two years’ experience in the University or Teaching Hospital.

Salary and Allowance
Salaries and allowances are as obtainable in Nigerian Public Universities. An enhanced welfare package is also in place to attract the best in the education sector.

Conditions of Service
As contained in the approved conditions governing service of Senior Staff of the University.

MEDICAL LABORATORY ASSISTANT

QUALIFICATION

Must hold the Medical Laboratory Assistant Certificate registerable with the Medical Laboratory Science Council of Nigeria.

Salary and Allowance
Salaries and allowances are as obtainable in Nigerian Public Universities. An enhanced welfare package is also in place to attract the best in the education sector.

Conditions of Service
As contained in the approved conditions governing service of Senior Staff of the University.

MORTUARY ATTENDANT

QUALIFICATIONS

Knowledge of body preservation techniques and ethics.
Prior exposure in the mortuary setting with possible certification in addition to a school leaving certificate.

Salary and Allowance
Salaries and allowances are as obtainable in Nigerian Public Universities. An enhanced welfare package is also in place to attract the best in the education sector.

Conditions of Service
As contained in the approved conditions governing service of Senior Staff of the University.

TO APPLY
In addition to stating the names of the referees, applicants should request their referees to forward reference on their behalf directly to:
The Registrar,
Edo University, Iyamho,
Etsako West LGA,
Edo State.

Note
When the page opens, Click on "Apply Right Here!" then select "Academic Staff Application"and click on "Continue"
Candidates who have applied before need not reapply
Applicants should forward 3 bound copies of their publications to the Registrar along with their applications.

CLICK HERE TO APPLY

DUE DATE: 2 November, 2017

23
Efficacy Construction Company is a Lagos Nigerian-based Building Construction, Civil Engineering and Project Management Company that specializes in all Building Construction, Civil Engineering and Project Management Works.

FINANCE COMPTROLLER

As a Financial Comptroller, you will be in charge of overseeing the daily accounting operations of the company business and financial transactions. Your role involves, preparing asset, liability, and capital account entries by compiling and analyzing account information. Summarizes current financial status by collecting information; preparing balance sheet, profit and loss statement, and other reports filing. Substantiates financial transactions by auditing documents. You will provide financial leadership and will be instrumental in forming accounting strategies.

JOB DESCRIPTION
Accounting Allocations
Internal Controls
Financial Planning and Reporting
Financial Analysis

Others may involve all levels of Accounting processes;
Prepare, examine and analyses accounting records, financial statements, and other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards. Prepare accounts and balance sheets, profit and loss accounts.
Prepare tax returns, ensuring compliance with payment, reporting and other tax requirements. Advise clients before taxing authorities. Makes the statements and payments of various taxes to be paid by the company.
Provide internal and external auditing services for businesses and individuals. Get the balance sheet audited by the concerned authority.
Keep records of debit/ credit for all suppliers/ contractors and consultants
Allocation of funds to various departments as per budget provisions.
Checking of bills with respect to terms and conditions of contract/order
Preparing and submitting periodical statement of accounts to the management
Appraise and evaluate inventory real property and equipment, recording information such as the property’s description, value and location
Provide strong leadership for members of the Account Department

QUALIFICATIONS
In order to succeed in this role, it is expected that you will have:
Nigerian or other Nationalities localized or willing to relocate
Minimum of 20 years post-Degree experience
Professional membership is an added advantage; ICAN, ACAA etc
Strong team ethic and proven team leadership, coaching and in fluencing and negotiation skills
Good sense of judgment, result-oriented, self-motivated with evident analytical and strategic thinking ability.
Not less than 50 Years of Age by the time of this Application.
Good project management, planning, organization and high attention to detail
Technical competence in Accounting Softwares is an added advantage.

PROJECT DIRECTOR

Reporting to the Managing Director, you will be responsible for managing construction activities for the company's entire projects. This includes oversight of the company's contractors' performance, management of our construction/technical staff, and other duties as necessary.

JOB DESCRIPTION
Project Management
Board Briefing
Cost Budgeting
Monitoring and Control
Personnel Management
Representing the Management in Negotiation meetings
Quality Assurance and Control System Management
Health and Safety Management.
Plant and Equipment Management
Corporate Management and Portfolio Management
Infrastructure Design and Management
Consultants Document Review and Implementation
Market Performance Report Review for Strategic Planning

QUALIFICATIONS
In order to succeed in this role, it is expected that you will have:

Not less than 50years of age by the Time of this Application
Nigerian or any other Nationality residing locally or willing to relocate

Minimum of 20 years post-Degree experience
Relevant professional membership is an added advantage

Strong team ethic and proven team leadership, coaching and in fluencing and negotiation skills
Good sense of judgment, result-oriented, self-motivated with evident analytical and strategic thinking ability.
Ability to work extended hours and quality speed

Good project management, planning, organization and high attention to detail
Eyes for Infrasturctural Finishing works.   

TO APPLY
Send your resume to careers@efficacyconstruction.com with the job title as the caption

DUE DATE: 31 October, 2017

24
Culminate Consulting is a professional service firm into the business of Recruitment, Training, Outsourcing and ISO 9001: 2015 QMS, HSE, OSHA Implementation. We have worked extensively across diverse sectors of the economy ranging from Telecommunication, Banking &Finance, Information Technology and Oil & Gas.

We have been mandated by our client an Ecommerce Company to recruit in the capacity below:

HUMAN RESOURCES BUSINESS PARTNER


Reports to: VP, People Engagement.

JOB DESCRIPTION
As an HR Business Partner, a typical day might include the following:
Consulting with line management, providing HR guidance when appropriate.
Analyzing trends and metrics in partnership with the HR group to develop solutions, programs and policies.
Reviewing existing orgastructures and processes for improvement and relevance
Maintains in-depth knowledge of legal requirements related to day-to-day management of employees, reducing legal risks and ensuring regulatory compliance.
Monitor business area team performance in order to provide guidance to line management and develop relevant interventions.
Working closely with management and employees to improve work relationships, build morale, and increase productivity and retention.
Developing contract terms for new hires, promotions and transfers.
Assisting international employees with expatriate assignments and related HR matter.
Providing guidance and input on business unit restructures, workforce planning and succession planning.
Participating in other HR functions and programs to ensure success.
Doing anything else that will help the VP, People Engagement make excellent decisions for the business.

QUALIFICATIONS/REQUIREMENTS
3-5 years experience in Accounting and Human Resources
Leadership skills.
Analytic competency.
Comprehension of company values.
Confident and should be able to represent the company.
Excellent recruitment and communication skills
Team work oriented, motivated to achieve ambitious goals
Good strategic deployment skills.
BS degree in Human Resources Management or related field

TO APPLY
Interested and qualified candidates should send their CV's to admin@culminateconsulting.com

with the relevant position applied for as the subject of the mail.

25
Stresert services Limited - Our clientis a Nigerian owned group of companies with business interests in hotels, restaurants, cinemas, shopping malls, real estate development etc.

JUNIOR ACCOUNTANT
(JOB REF: JNR ACCT)

JOB LOCATION:
Mile 2  Amuo Odofin, Lagos State (applicants who reside in Amuo Odofin and its immediate environment will be given more priority).

JOB PURPOSE:
General accounting including preparing journal entries, maintaining balance sheet schedules and ledgers, account and bank reconciliations. Assisting with monthly closings and account analysis; support the senior accountant in carrying out the deliverables of the account department.

KEY RESPONSIBILITIES:
Maintain up-to-date billing system
Follow established procedures for processing receipts, upon confirmation of payments made by Customers etc
Reconciliation of Customer’s Account details for non payments, delayed payments and other irregularities
Account/bank reconciliations
Conducting of Weekly Stock take (Of Product unsold every week end)
Preparing of Daily Sales Analysis
Sending of Weekly Sales Report – (Every Saturday - COB)
Maintaining General ledger operations
Assist with implementing and maintaining internal financial controls and procedures
Assist with preparation of monthly financial reports
Assist with accounts receivable and accounts payable
Assist with tax computations and returns
Assist in budgets and forecasts
Assist with payroll administration (Time sheet preparation)
Assist with preparation and coordination of the audit process
Follow up, collection and allocation of payments
Carry out billing, collection and reporting activities according to specific deadlines
Maintain accounts receivable customer files
Prepare bank deposits
Investigate and resolve customer queries
Organizing a recovery system and initiate collection efforts

EDUCATION, SKILLS & ATTRIBUTES
HND/BSC in accounting (not a chartered accountant)
2– 3 years work experience in similar position
MUST have knowledge of account payable & receivable, taxes and payroll processing
Must have good IT Skills including Microsoft Excel
Ability to demonstrate initiative, attention to detail in a busy, changing work environment
Ability to plan and organise work schedule and work within tight timelines
Display personal drive and integrity working as directed to achieve work objectives
Salary, Work days & How to Apply:
Proposed Salary per month is between N50, 000 – N60, 000 (based on experienced)
Work days  is Monday – Saturdays

TO APPLY
QUALIFIED APPLICANTS SHOULD FORWARD CVs to recruitment@stresertservices.com using ‘ Jnr Acct’ as subject of mail

DUE DATE: 31 October, 2017

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