Business
Encomiums as Okodu Bows Out Of NCC
AJAGBE ADEYEMI TESLIM
Sponsored by: H&H
Importantly, Okodu’s humility and affable disposition easily endear him to everyone.
So, expectedly, last Friday, April 8, 2022, staff of NCC gathered at the imposing auditorium of the Commission’s Head Office Annex at Mbora District, Abuja, to honour Okodu, also known as “Baba Naira”, as he bowed out of NCC having reached the mandatory retirement age of 60 years and after 28 years of meritorious service.
Okudu began his career at the Commission in July 1994, as a cashier on transfer from the erstwhile Ministry of Communications, where he was headhunted by a former director of the Commission, Felicia Onwuegbuchulam. From then on, he had risen through the ranks, before eventually retiring as a Principal Manager, Projects, at NCC.
At the well-attended valedictory session, staff, friends, and well-wishers of Okudu, paid glowing tributes in torrents to the man who can aptly be described as man of the people.
Many were nostalgic and poignant while others were joyous, optimistic and tellingly introspective that Okodu would thrive in the next phase of his life.
In her remark, the NCC’s Director, Projects, Iyabode Solanke, who is Okodu’s last supervisor before his retirement, and who was Okodu’s head of Department while they both worked at the Commission’s Department of Financial Services, extolled the retiree for his dedication, as well as his dressing code and excellent work ethics, which she said are worthy of emulation. Sholanke was represented by a Deputy Director in the department, Philip Eretan, who also attended the valedictory session in his own capacity as a friend of Okodu.
In the same vein, NCC’s Director, Zonal Operations, Amina Shehu, in her goodwill message, stated that in every interaction she had with Okodu, she had observed his stellar qualities, such as empathy, kindness, and gentleness. She added that he was also consistent in everything he did.
For Dr. Ikechukwu Adinde, NCC’s Director, Public Affairs, who also attended the valedictory party, anyone would be easily impressed by Okodu’s level of dedication to duty, which has become a mark of Okodu’s outings and career at the Commission.
Adinde said that Okodu was not merely ever-present whenever he was needed most, he also, every so often, displays emotional intelligence, and never lost his temper no matter the level of provocation. “I am also impressed by Okodu’s social networking skills which had enabled him to remain connected with every staff,” Adinde emphasised.
The Director, Compliance Monitoring and Enforcement, at the Commission, Ephraim Nwokonneya, profoundly recalled the attributes exhibited by Okodu that are so quite distinctive when he had the opportunity of working with Okodu in the Financial Services Department of the Commission.
Nwokonneya said when he was assigned to the Department of Financial Services of the Commission as a Principal Manager, he had worked closely with Okodu, who characteristically was full of zeal and energy. He said Okodu was very efficient and easily endeared himself to everyone.
Nwokonneya encouraged him to look at retirement as a time of rejuvenation, reflection and prosperity.
A longtime companion and friend of Okodu, who was so evidently elated at Okodu’s befitting retirement, Olatokunbo Oyeleye, a Deputy Director at the New Media and Information Security Department of the Commission, said Okodu made her beginnings at the Commission a wonderful experience.
To Oyeleye, Okodu is more than a colleague, “he is a brother,” she said and proceeded to recall with gratitude when she joined the Commission as a fresh graduate, “Okodu and his wife accommodated me, taking me under their wings”.
This humane side of Okudu was underscored by Hafsat Lawal, Head, Consumer Policy Development and Monitoring, who asserted that Okudu was a mentor and a friend in need.
“He is reliable and dependable, exuding high level of understanding in all matters and he would go out of his way to ensure everyone was comfortable,” Lawal said.
Former staff of the Commission were also not left out of the celebration. Among them, who attended and poured encomiums on Okodu, are Felicia Onwuegbuchulam, who retired from NCC as Director Consumer Affairs two years ago, and Abubakar Yakubu, a former Director at the Commission who voluntarily retired in 2019.
Onwuegbuchulam, a noted friend and confidant of Okodu who influenced Okodu to join the Commission 28 years ago, said she had no regrets in recommending Okudu to the Management of the Commission at the time.
She said she was gratified that Okodu did not only had a chequered career at the Commission, he also excelled remarkably.
Yakubu, in a goodwill message he sent to the valedictory programme which was read on his behalf, praised Okodu for his dedication to the Commission.
He declared that Okodu was one of the few staff who would work long hours, and would even work at home.
He added that Okodu’s commitment and relentlessness to delivering on his assigned duties were total and spectacular.
Okudu, who spoke at the end of the speeches, thanked the audience and all those who had honoured him with their presence and kind words.
Reflecting on the occasion with philosophical calmness and thanksgiving to God, Okodu said there had to be an end to every beginning but he thanked God for the privilege to witness his retirement day alive.
While expressing delight over all the goodwill messages received, he enjoined the younger staff who would be taking over the baton, to be hardworking.
He also advised that Commission can only thrive if staff remain hardworking in a consistent manner, and are dedicated and loyal to the Commission.
Other contributors at the event included Ajoke Atte, Head, Procurement; Solomon Igbayue, Assistant Director, Policy Competition and Economic Analysis; Emeka Nnama, Senior Manager, Zonal Operations; and Anthony Bassey, Senior Manager, Administration, all staff of the Commission who extolled Okodu’s distinctive virtues and dedication to the aspirations of the Commission.
They all wished Okodu a life of grace and bliss in retirement.
Business
Access Bank Secures DFIs’ USD 100 Million Facility led by German DEG for MSMEs and Gender Equality in Nigeria
Access Bank Secures DFIs’ USD 100 Million Facility led by German DEG for MSMEs and Gender Equality in Nigeria
AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H
Access Bank Plc has successfully closed a USD 100 million senior loan facility with a consortium of Development Finance Institutions (DFIs), led by the German DFI DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH, and supported by FinDev Canada, Amsterdam-based asset manager ILX, as well as Austrian DFI OeEB, Oesterreichische Entwicklungsbank AG.
This significant financing will support privately-owned MSMEs, small corporates, and family-owned businesses across Nigeria, with a particular focus on promoting female entrepreneurship and economic empowerment.
At least 30 per cent of the facility will be dedicated to gender lens investing in the spirit of the 2X Challenge, ensuring that women-owned and women-managed businesses are prioritised. This initiative is crucial in Nigeria, Africa’s most populous country, where supporting women entrepreneurs and MSMEs can drive job creation and contribute to reducing inequality.
Roosevelt Ogbonna, Group Managing Director of Access Bank Plc, commented on the partnership, saying:
“At Access Bank, we remain steadfast in our commitment to driving economic transformation and fostering inclusive growth across all the countries we operate. This partnership not only strengthens our ongoing efforts to empower women in business but also reinforces our support for Nigeria’s MSME sector, which plays a pivotal role in the country’s economic development. Through strategic collaborations like this, we continue to enhance opportunities for underserved communities, and we look forward to building on this success to impact even more lives across Africa.”
This facility marks the fourth collaboration between DEG and Access Bank Group, but it is also the first time in their eight-year partnership that DEG’s has acted as the lead arranger. DEG’s investment in the deal amounts to USD 25 million, strengthening the long-term relationship between the two institutions.
Also, Roland Siller, CEO of DEG shared his thoughts on the partnership, stating that:
“This financing marks a major step in our ongoing commitment to supporting inclusive growth in Africa. By partnering with Access Bank, we are not just empowering women entrepreneurs and strengthening MSMEs but also investing in the future of Nigeria’s economy. This collaboration, which has blossomed over the last eight years, goes beyond just providing funding and speaks to our shared commitment in creating sustainable, long-term opportunities that foster job creation and innovation. At DEG, we are focused on helping businesses in developing and emerging markets thrive, offering not just financial support but also advisory services that help them scale and succeed. Our work with Access Bank is a clear example of how we can build stronger economies through impactful, sustainable investments.”
In 2024, Access Bank made significant social and environmental impact across the continent, touching millions of lives and earning multiple industry accolades. Through various corporate social investment initiatives in education, entrepreneurship, health, and the environment, the Group reached over 21 million individuals across Africa. Through its W-Initiative, the Bank disbursed loans to over a million women-led SMEs, advancing financial inclusion and gender empowerment.
Business
Buy Africa, it’s not inferior”: Ogbonna, Mene, Zubairu Chart Path for Developing Continental Trade at Africa CEO Forum
Buy Africa, it’s not inferior”: Ogbonna, Mene, Zubairu Chart Path for Developing Continental Trade at Africa CEO Forum
AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H
At the Africa CEO Forum, leaders from across the continent gathered to discuss the critical role of private sector-led growth in the development of African trade and market integration under the topic “Fast-tracking African Integration: The Private Sector Imperative”.
The session, which was one of the highlights of the 2-day event in Abidjan, saw Roosevelt Ogbonna, Managing Director/Chief Executive Officer of Access Bank, join Wamkele Mene, Secretary General of the AfCFTA, and Samaila Zubairu, President & CEO of Africa Finance Corporation (AFC), in a powerful conversation focused on the opportunities and challenges for Africa in the face of shifting global trade dynamics.
The panellists were united in their belief that Africa’s transformation hinges on the development of regional value chains, the scaling of intra-African trade, and the need to build both financial and infrastructural capacities that will enable economic integration. In his remarks, Ogbonna underscored the potential for the continent to reframe its narrative and urged African nations to embrace their strengths.
He stated, “Years ago, if you told someone something was made in China or Taiwan, it was often seen as inferior. Fast forward 30, 40 years, and now ‘Made in China’ is a symbol of quality, and ‘Made in Taiwan’ commands respect globally. The difference? These countries built a strong domestic market that allowed them to scale, build proficiency, and innovate. Africa is no different. We have everything we need, from abundant raw materials and vast natural resources, to a youthful population and fertile land. There is no reason why Africa has not yet transformed itself into the powerhouse we know it can be. Africa has what it takes to win, and my charge remains the same as I gave during our inaugural Africa Trade Conference in South Africa: Buy Africa, it’s not inferior!”
Mene and Zubairu echoed Ogbonna’s sentiments, with Mene highlighting the tangible steps taken to drive integration, such as the introduction of the e-Tariff Book and the AfCFTA Adjustment Fund. Zubairu emphasized the critical need for synergy between public and private investment to address Africa’s infrastructure gaps and finance its development priorities.
The discussion also focused on the barriers preventing the scaling of intra-African trade, notably the lack of adequate logistics and transport infrastructure. The Pan-African Payments and Settlement System (PAPSS) was highlighted as a potential game-changer in unlocking new cross-border trade opportunities by facilitating smoother payments and transactions.
Ogbonna reinforced the importance of private sector involvement in regional trade, particularly for micro, small, and medium-sized enterprises (MSMEs). “Africa’s MSMEs are the backbone of its economy,” he said, “yet they face a trade finance gap of around $120 billion. Financial institutions must innovate to close this gap and provide the liquidity these businesses need to grow and scale.”
As Africa continues to explore new avenues for trade and investment, Ogbonna’s message resonated with the audience: the time is now for Africans to believe in Africa, invest in Africa, and transform the continent into the economic powerhouse it is destined to be.
Business
Jamara Home Celebrates Mothers with an Extensive Range of Exceptional Products this Mother’s Day
Jamara Home Celebrates Mothers with an Extensive Range of Exceptional Products this Mother’s Day
AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H
Jamara Home, one of Nigeria’s leading destinations for electronics and home appliances, celebrates this year’s Mother’s Day with heartfelt appreciation and a variety of items to help customers honor the incredible women in their lives.
From practical everyday solutions to thoughtful lifestyle upgrades, Jamara Home has in stock a wide selection of products to suit every type of mum because every mother deserves to be celebrated in a way that’s as special as she is.
Rabi Jammal, Managing Director of Jamara Home, says: “We see mothers as the unsung heroes of our everyday lives. This celebration gives us an opportunity to express our gratitude and to help our customers do the same through products that are thoughtful, meaningful, and heartfelt.”
Customers can shop a curated lineup of top-quality essentials and gifts, including:
Gas Cookers for dependable everyday cooking.
Refrigerators and Freezers to keep meals and moments fresh Smart TVs for entertainment that brings the family together Air Conditioners for cool, comfortable living Kitchen Tools & Appliances for enhancing convenience and creativity in the home With showrooms located in Lagos and Port Harcourt, Jamara Home has become a trusted household name known for quality products and customer-focused service.
The brand’s seamless omnichannel presence, combining user-friendly online shopping with physical retail experiences, ensures convenience and authenticity at every touchpoint.
To explore the full range of exceptional products by top brands from Jamara Home, visit the online store or locate the nearest Jamara Home showroom.
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