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
BUA Industries secures US$200 million Facility from Afrexim Bank to support Expansion Plans
BUA Industries secures US$200 million Facility from Afrexim Bank to support Expansion Plans
AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H
African Export-Import Bank (Afreximbank) has approved a US$200 million Corporate Finance Facility in favour of BUA Industries Limited to support its expansion plans.
BUA is a Nigerian conglomerate with diversified business interest spanning across, sugar and cement manufacturing, flour milling, oil milling, port logistics, real estate development, oil and gas, and shipping. The first tranche of $150 million was disbursed on October 16, 2024.
Speaking on the transaction, Abdul Samad Rabiu, CFR, CON, Chairman of BUA, said that the $200 million corporate finance facility from Afrexim Bank, marks a crucial step in BUA’s commitment to industrialising Nigeria’s manufacturing, infrastructure and energy sector for local use and export. “With Afreximbank’s support, BUA can increase investments to strengthen industrial capacity and meet regional demand. Our goal is sustainable growth that boosts Nigeria’s self-sufficiency and Africa’s global trade presence, creating jobs and building economic resilience,” he said
Commenting on the transaction, Mrs. Kanayo Awani, Executive Vice President, Intra Africa Trade and Export Development, Afreximbank, said that the facility would provide critical financial support to a leading Nigerian conglomerate as it pursues its expansion plans, thereby boosting its industrial base and Nigeria’s export manufacturing capacity.
“We are delighted at this partnership, which promises to deliver significant impact through job creation, import substitution, and export diversification – thereby boosting Nigeria’s Gross Domestic Product (GDP).”
Over the past decade, BUA has solidified its reputation as one of Africa’s fastest-growing and reputable companies with business interests spanning critical sectors of the African economy. With its headquarters in Lagos, Nigeria, BUA has expanded its business operations in the past few years to take advantage of the African Continental Free Trade Area through exports.
.About BUA Group
Established in 1988, BUA Group is one of Africa’s largest diversified groups operating out of Nigeria with its key interests in foods, mining, manufacturing and infrastructure. Its vision is to unlock opportunities that will drive sustainable development whilst providing value to all stakeholders and the African continent. The Group’s investments span the following sectors: Cement, Sugar, Flour, Pasta, Steel, Rice, Real Estate, Energy, Logistics, Ports and Terminals with a core focus on building local manufacturing capacity to generate employment, and provide high quality products and develop the African continent. www.buagroup.com
Business
Zenith Bank Says It Now Has best IT infrastructure After Successful Upgrade, Commends Customers
Zenith Bank Says It Now Has best IT infrastructure After Successful Upgrade, Commends Customers
AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H
Zenith Bank Plc has announced that it now boasts the best technology infrastructure in the banking industry, positioning itself to provide an exceptional customer experience and superior service delivery moving forward.
This upgrade follows a recent comprehensive technology enhancement.
The bank expressed its heartfelt gratitude to customers for their support and patience throughout the upgrade process, while also extending apologies for any inconveniences experienced during this time.
This announcement was made in a social media post on Wednesday, signed by Dame Dr. Adaora Umeoji, OON, the Group Managing Director/CEO.
In her message, the GMD/CEO emphasized the bank’s commitment to delivering an unparalleled service experience, stating, “We undertook this upgrade to ensure we can offer our customers the best possible service.”
Umeoji pledged that Zenith Bank will continue to innovate, ensuring that customer needs are met swiftly, safely, and conveniently.
The post read in part: “On behalf of the Board, Management, and Staff of Zenith Bank PLC, I would like to thank you for your patience and support during our IT infrastructure migration to a new and more robust operating system.
“We are truly grateful for the trust and confidence you have placed in us. The primary reason for undertaking this extensive endeavor was to better position Zenith Bank PLC for improved service delivery to all our valued customers and to create memorable banking experiences at all our touchpoints.
“While I regret the inconveniences and challenges you faced during and immediately after our migration, I am pleased to inform you that Zenith Bank PLC now has the best technology infrastructure in the industry. We are committed to ensuring you experience superior service delivery going forward.
“Rest assured, you remain our top priority, and Zenith Bank will continue to innovate and offer value-added products and services to meet all your banking needs quickly, safely, and conveniently.”
Business
Polaris Bank Clinches “Best Mobile App” Award at Digital Jurist Awards 2024
Polaris Bank Clinches “Best Mobile App” Award at Digital Jurist Awards 2024
AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H
Polaris Bank’s commitment to digital innovation and excellence has once again been recognized, as the Bank was awarded the prestigious “Best Mobile App” award for its renowned digital banking platform, VULTe, at the Digital Jurist Awards held October 31 at Eko Hotel in Victoria Island, Lagos.
This honor comes less than a week after Polaris Bank was named Nigeria’s Digital Bank of the Year for the fourth consecutive year, further solidifying its status as a leader in Nigeria’s digital banking landscape.
At the event, attended by representatives from all nominated companies, Polaris Bank’s VULTe app stood out among its peers, winning the hearts of users and the recognition of industry experts.
The Digital Jurist Awards Committee had nominated Polaris Bank in three categories: Best Website, Best Web Portal, and Best Mobile App.
The Bank’s innovative approach and customer-centric digital solutions have made it a formidable contender in each category, with VULTe’s win affirming the Bank’s continued drive to redefine digital banking in Nigeria.
Commenting on the the award, Polaris Bank’s Managing Director/CEO, Kayode Lawal expressed gratitude for the recognition and reiterated the Bank’s commitment to providing seamless, reliable, and secure digital solutions.
“This award continuously shows our dedication to delivering the best digital experiences to our customers. We will continue to push the boundaries of innovation to ensure that our platforms remain intuitive, accessible, and impactful,” he said.
Polaris Bank’s VULTe app has gained widespread acclaim for its user-friendly design, robust security features, and diverse functionalities, enabling customers to manage their banking needs from the comfort of their devices.
Winning the “Best Mobile App” award is yet another milestone in the Bank’s digital journey, reinforcing its position as a digital pioneer in Nigeria’s banking sector.
The Bank extends its gratitude to the Digital Jurist Awards Committee and its loyal customers for their continued trust and support.
Polaris Bank is committed to advancing digital banking in Nigeria, creating convenient, modern, and secure solutions that cater to the evolving needs of its customers.
Polaris Bank was adjudged Nigeria’s Digital Bank of the Year in 2024,2023, 2022 and 2021 and MSME Bank of the Year 2022, 2023 and 2024 in Business Day’s Banks and Other Financial Institutions (BAFI) Awards.
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