Tag: chairman

  • Agricom appoints Atiku as Chairman

    Agricom Field Services Network, a telecommunication company, has named former Vice President Atiku Abubakar as its Chairman.

    It made the announcement in a statement by its Executive Vice Chairman Adegboyega Olulade.

    According to a report in the News Agency of Nigeria (NAN) in Abuja at the weekend, Olulade said Agricom Network provides extension services to over 250 million registered farmers nationwide.

    The vice chairman expressed delight that the former vice president has agreed to bring his wealth of experience both in agriculture and other successful businesses to bear in Agricom.

    The state reads: “We are happy to have former Vice President Atiku Abubakar as our chairman. As a farmer himself and as someone who recently diversified into the production of animal feeds and fertiliser.

    “We are confident that our chairman will give Agricom focused and visionary leadership and also wish our new chairman a successful tenure in office.”

    The statement also named Dr Adinoyi Onukaba as the Executive Director (North.

  • PDP chairman: Dokpesi ‘won’t step down for George’

    PDP chairman: Dokpesi ‘won’t step down for George’

    •Fayose: we’ve no anointed candidate

    An aspirant for the national chairmanship of the Peoples Democratic Party (PDP), Chief Raymond Dokpesi, has debunked speculation making the rounds that he had stepped down for a fellow contestant and the party’s former Deputy National Chairman (South), Chief Olabode George.

    Dokpesi made the clarification Saturday evening when he took his campaign for the party’s top post to Ado-Ekiti, the Ekiti State capital.

    Ekiti is the 17th state in the South to be visited by Dokpesi since the race for the PDP national chairmanship started ahead of the party’s national convention slated for Port Harcourt on August 17.

    He urged the delegates to entrust him with the party’s chairmanship to bring vibrancy to the office and work with other leaders and members to regain power lost to the ruling All Progressives Congress (APC) at the 2015 general elections.

    Dokpesi described himself as “a leader, a transformer and a bridge-builder, who will promote, protect and project the PDP by bringing freshness into the party”.

    He alleged that since the APC won the last general election, the ruling party has not allowed the PDP leaders to rest, urging his party members to stand and defend the nation’s democracy.

    Dokpesi, who denied stepping down for George, said: “Some people have alleged that I have surrendered for our elder in the party, Chief Bode George. Let me make it categorically clear that I was born and bred in Ibadan and I do understand and appreciate the Yoruba traditions so much and so I have respect for elders.

    “But there was no time that Chief Bode George and I met and discuss this issue and I did not in any way surrender the race for him. I have not stepped down for him in any way because this time, we need fresh and younger blood that would have the physical and mental alertness for the job. I have been touring 17 states of the federation for just about a week now and I’m still strong.”

    But Governor Ayo Fayose has declared that he and the PDP caucus in Ekiti State have no anointed candidate among the aspirants jostling for the party’s chair.

    He said the state’s delegates would go to Port Harcourt with open minds, praying that God would do justice.

    Fayose described the emergence of former Borno State Governor Ali Modu Sheriff as the party’s National Chairman as a “mistake”.

  • ‘INEC chair should resign over Abia tax judgment’

    ‘INEC chair should resign over Abia tax judgment’

    Former special adviser to Second Republic Vice President, Dr Alex Ekwueme, Mr Ben Onyechere, has said Independent National Electoral Commission (INEC) Chairman, Prof. Mahmood Yakubu should resign for his silence on the Commission’s role in the Abia State governorship stalemate.

    Last month, INEC issued a certificate of return to Dr. Uche Ogah as Governor of Abia State following a June 27 judgment of the Federal High Court, Abuja, which ousted Dr Okezie Ikpeazu.

    Justice Okon Abang held in that judgment that Ikpeazu submitted false information about his tax records to his party, the Peoples Democratic Party (PDP), for the party’s governorship primaries in December 2014.

    Ogah polled the second highest number of votes in that primaries of the PDP.

    But Onyechere argued that the Commission’s ‘activities’ following the judgment had portrayed it in bad light.

    He said: “The chairman of INEC has through the activity of his subordinates in the Abia tax issue cast aspersions on the integrity of his commission as much as on himself.

    “The silence of the chairman in this matter is not golden because he cannot be exonerated from the actions of the commissioner who must have sought his consent before embarking on such a controversial mission which can be regarded as a time bomb in the state.”

    Onyechere said INEC Commissioner in charge of the South-East, Ambassador Lawrence Nwuruku carried out Justice Abang’s order with “rocket speed haste,” despite “that it was served a notice of appeal prior to the issuance of a certificate to Ogah.”

    He continued: “It is not enough to gloss over the issue as the chairman seems to be doing in a matter that is adjudged to be suspicious by the public .

    “The confirmation or admittance by the commission that it was served a notice of appeal prior to the issuance of a certificate to Ogah is more than enough reason to retract it’s action and apologise to the people of Abia and their governor.”

    He urged INEC not to “hide behind the smoke screen of an order of a lower court against the superiority of appellate courts of this country.”

    Onyechere added that Prof Yakubu’s ‘action or inaction’ was suspicious.

    “There is more to the way and manner they executed Justice Abang’s order than meets the eyes of curious observers and as such he should tow the part of honour and resign,” he said.

  • NDLEA arrests 21 suspected drug traffickers

    NDLEA arrests 21 suspected drug traffickers

    The National Drug Law Enforcement Agency (NDLEA) has said it arrested 21 suspected drug traffickers at the Seme border in the last six months.

    It said it seized 28.572million CFA and N7.5million from them.

    The suspects, it said, include eight females and 13 males, three of whom are foreigners – a Ghanaian and two Niger Republic citizens.

    Eight suspects have been tried at the Federal High Court and sentenced to various terms of imprisonment, NDLEA said.

    Its Seme Commander, Mr. Odotong Essien, said the agency seized 1,457.867 kilograms of Cannabis Sativa, otherwise known as Indian hemp, weighing 1.457 tonnes, valued at over N100million.

    Essien, who briefed newsmen at the Command’s headquarters at Ibereko, Badagry, Lagos State on the agency’s activities in the last six months, said NDLEA has adopted new strategies in its war against illicit drug traffickers.

    No fewer than 13 drug dependent persons were counseled during a public enlightenment programs on the dangers of abuse and trafficking, Essien said.

    “We have modified some of our strategies by blocking the waterways in partnership with the marine unit of the Nigeria Customs Service and the marine police, as well as many track routes, which has paid off tremendously.

    “The inter-agency cooperation and synergy at the Seme Border, especially with Seme Command of Nigerian Customs and the police has helped. All this was made possible through the officers’ commitment and leadership of our amiable Chairman, Col. Muhammed Mustapha Abdallah (rtd),” Essien said.

  • Ambode lauds Oshiomhole’s development strides

    Ambode lauds Oshiomhole’s development strides

    …drums support for APC guber candidate, Obaseki

    Lagos State Governor, Mr. Akinwunmi Ambode on Tuesday lauded his Edo State counterpart, Comrade Adams Oshiomhole for his achievements in the last seven years, saying that it has impacted positively on not just the economy of the State but the country in general.

    Ambode who spoke when he visited Governor Oshiomhole at the Government House, Benin, said he draws inspiration from Oshiomhole’s style of leadership to bring good governance to the people of the State.

    Governor Ambode who was recently appointed as the Chairman, All progressives Congress (APC) National Campaign Council for the Edo Governorship Election slated for September 10, 2016, said, “On a personal note, I am very proud of all the things you have done for Edo State and even this country Nigeria, and I can say the few achievements I have actually attained in Lagos State were driven and inspired by the kind of energy you bring to governance and I am very proud to be associated with you and the government of Edo State.”

    He said he was pleased and humbled to be saddled with the task of leading the APC campaign to retain the State, adding that continuity was germane to sustain the path already laid down by the present administration.

    “I have come here this afternoon to accept physically the daunting task which has been laid upon me by our national party and appointing me as the chairman of the gubernatorial campaign committee of the gubernatorial election coming up in Edo State.

    “I am very pleased and humbled by that appointment. And I have come here, firstly, to apologize for not being around on Saturday when the committee was inaugurated because of some exigencies, and to show my presence a few days after, and my commitment to ensure that our gubernatorial candidate not only wins the election, but he is able to show his footprints just like what the present governor has done, that the APC and the change mantra is really in totality about what we want governance to be in Nigeria,” he said.

    Governor Ambode further added, “I like to also say that what we have ahead of us as a party, that is, APC, is beyond ordinary election. We need to take Nigeria out of its doldrums, and the only party that can do that is APC, of which we are happy to be aligned with your state and other progressive states in the country. And that is why we are here as brothers, we offer ourselves and we will continue to also send the same message across board across all the progressive states.”

    He said that Lagos State would explore the opportunities available to develop a major commerce and economic relationship with Edo State as soon as the All Progressives Congress (APC) gubernatorial candidate, Mr Godwin Obaseki emerges as Governor of Edo State, expressing optimism that the partnership would ensure that Edo develops at a faster pace.

    He said, “What I can promise your Excellency is that we have decided that we will bring the whole machinery of the Lagos model to Edo State. In addition to that, we believe strongly that Edo State has the potential of becoming a giant in Africa also, and this relationship is beyond the fact that it is historic, we also want to use this platform of this campaign to start a major paradigm shift in terms of economic and political relationship between Edo State and Lagos State.

    “If we are to look deeply, we believe strongly in the potential of Edo State which actually lies in the symbolic relationship that it can have with Lagos.

    And that is why I am personally taking this responsibility of being the campaign chairman to ensure that beyond the campaign and the success of the election, a major commerce and economic relationship commences immediately with the in-coming governor, and also to let us actually start to have bilateral economic and political relations that will be of benefit to the people of Edo State, firstly, and then to the improvement of the economic growth of Edo State.”

    On his part, Governor Oshiomhole commended the Lagos Governor for taking his assignment as the Chairman, APC National Campaign Council for Edo State governorship election very seriously.

    He said, “For us in Edo, it is clear that you have taken this assignment seriously. It is one thing to accept an assignment, but the passion with which you have accepted it, and to the extent to which you are determined to go to ensure that we do everything we need to do to continue to retain the governance of this state.

    “Under your leadership, I have no doubt. We couldn’t have had a better campaign organization. So, I thank you for that.”

    Oshiomhole who introduced the Governorship candidate, Mr. Godwin Obaseki and his running mate, Mr Philip Shaibu to Governor Ambode said, “We have a credible messenger that you are going to be able to help us to market, and we also have a compelling message to put across to Edo State. And we believe the election will be won on the basis of the pedigree of the political parties, the pedigree of the individual and what the two parties have to show to the people.”

     

     

  • LUTH striking nurses, management yet to meet

    LUTH striking nurses, management yet to meet

     

     

    The Lagos University Teaching Hospital (LUTH) is a ghost of its bubbly activities as its striking nurses are yet to call off the strike embarked on since June 10.

    Patients that come into the hospital are either for medical/clinical diagnostic services or ignorant that nurses are on strike in the 54 year old tertiary institution.

    Aside Wards E8 and C7 that are run on Private-Public-Partnership (PPP) and the Linear Accelerator centre, Department of Radiotherapy and Oncology where cancer patients are being attended to, the entire hospital cuts the picture of a ghost town. Security operatives manned entrances to the wards, just as the wards are in darkness.

    The Nation witnessed a patient was who was brought to the Accident and Emergency unit but could not be taken in. The medics told the relatives that they have the option of the Spillover Ward, which is a PPP, because no admission can be taken into the general ward, as a result of the nurses’ strike. Or they could opt for private hospitals or a state tertiary hospital.

    The Nation gathered that LUTH management and the Lagos state body of the Nigerian Association of Nigerian Nurses and Midwives (NANNM) that called the strike on behalf of the nurses are yet to have any meeting to resolve the impasse because the state NANNM executives has its week fully booked with meetings with other units under its umbrella.

    The Nation gathered that the LUTH NANNM executives have scheduled a meeting with the striking nurses for today by 10:30am to brief and diffuse the “propaganda being circulated by the LUTH management and being circulated to the Media,” stated the association’s LUTH Chairperson, Mrs. Yemisi Adelaja.

    Mrs Adelaja said nurses are dedicated and hard working, “but the management is not addressing the issues raised by the state chapter of NANNM on behalf of its members at LUTH, and LUTH management is asking us the unit chapter to hold a meeting with it. That is not possible. It is the state NANNM, under the directive of the national that called the strike so it is the excos of state that can hold the meeting with the management. Many issues such as lack of power and under staffing of nursing unit are just not being addressed for instance, yet the LUTH management is putting forward media releases twisting the facts,” said Mrs Adelaja.

    In its reaction, Chairman, Medical Advisory Committee, LUTH, Prof Olufemi Fasanmade said Nurses at the Lagos University Teaching Hospital embarked on an industrial action five weeks ago, bringing to a standstill almost all activities at the tertiary healthcare institution.

    “Abruptly, over 550 ill Nigerians were abandoned to their fates on hospital beds, with many seeking quick, unplanned discharge to private hospitals. Part of the issues raised is non-payment of Teaching Allowance to LUTH Nurses

    Prof Fasanmade said, “Sometime last year, the Abuja office of the Integrated Payroll and Personal Information System (IPPIS) stopped the payment of Teaching Allowance nationwide because it was alleged many persons (not only nurses) who did not qualify were benefiting from the allowance. Series of complaints were made to LUTH Management about the stoppage and a fresh list of eligible LUTH workers was submitted and followed up at the IPPIS office. The IPPIS office had promised to re-commence the payment of this allowance to the affected workers even before the ongoing strike and this was made known to the Nurses’ union. The payment has since been paid along with June 2016 salaries.

    “It should be pointed out yet again that the complaint was misdirected at LUTH Management as LUTH does not pay nurses’ salaries and allowances. The IPPIS platform does. LUTH does not interfere in the monthly payment of salaries on the IPPIS platform which requires no authorisation from Lagos before payment is made directly from the CBN to each person’s bank account. It is therefore wrong to stick the blame on LUTH. LUTH Management did not stop the payment of Teaching Allowance. The IPPIS platform did so from Abuja. It was not at the instigation of the Hospital. The resolution of the problem was partly because of the efforts made by LUTH Management but it came as promised by IPPIS, not because of the ongoing strike action. LUTH Management had listened to the suggestion of the nurses’ union and incorporated their requests into what was submitted to IPPIS.”

    Prof Fasanmade said other complaints include power and water supply, “The reality, to quote from a recent article is as follows. ‘Nigeria presently generates less than two percent of the 140,000 megawatts of electricity required to make us self sufficient in electricity. In the month of April 2016, LUTH received a total power supply of 11.2 days, representing 36.6 percent of our monthly requirement. In May, we got only six days of electricity from the national grid, representing 20 percent of our monthly round-the-clock need for our priority status. Most of this paltry supply comes at odd hours that challenge any meaningful planning of scheduled procedures and manpower deployment, making us rely unduly on over-flogged, aged generators. Diesel suppliers would rather sell on a cash-and-carry basis because it is a sellers’ market. All these therefore have compelled LUTH (and most public hospitals) to restrict uninterrupted power supply to only critical areas such as Operation Suites, the Intensive Care Units, Labour Wards, Neonatal Units, the Mortuary, Blood Bank, the IVF Centre, the Private Wings, water supply and some critical laboratories.  Other less critical areas have had to bear with the reality of load shedding and intermittent power rationing to prevent overused generators form packing up altogether, especially in the face of depleted internally generated revenues.”

    He said, “The truth therefore is that the Lagos University Teaching Hospital too experiences power outages. Everyone and every home in Nigeria do.  However, this has not deterred us from performing our duties to the best of our abilities in these tough times. We are determined to do better as soon as our power plant is commissioned. We are confident that this rough phase wont last. If you happen to see that picture of a nurse with a torch light strapped to her forehead purporting to work in LUTH, please delete it. The picture was taken elsewhere. Not in LUTH.”

    The CMAC said the CMAC said the strike has cost the hospital a lot, “ As the nation has lost untold number of lives who could have been saved if our Hospital had remained opened. As of the last count, seven members of staff or their immediate family members have had to seek emergency treatment from our Emergency Services alone. Four of these were nurses. Many more still attend the outpatient departments for direly needed treatments while we deny the public of these same services. It is said that when you throw a stone into the market place, invariably, someone from your own compound will get bruised. Lesson? Don’t throw stones.

    “Also, the Hospital has lost millions in Internally Generated Revenue (IGR) . With this present Government’s firm stand on the strict implementation of the No-Work-No-Pay policy, many of us may lose much more to unearned pay simply because we sympathise with a group of persons whose case is already receiving attention at the Ministry.  Training of medical students, postgraduate doctors, student nurses, post basic nurses and many other cadres is at a standstill, held to ransom by this industrial action. Commitments to various international training partners suffers while our institution is on strike, eroding the advantage our Institution has over many others in matters of training. The profession’s integrity and the Hospital’s brand are at stake.”

    Prof Fasanmade said “It is therefore imperative to implore all concerned to eschew strike actions as a means of conflict resolution. Be assured that the LUTH Management holds every worker in high esteem and works assiduously to prevent any perceived or real hardship brought upon anybody or group through policy changes. This has been true in the ongoing industrial action embarked upon by LUTH nurses. We are therefore implored to consider the plight of suffering Nigerians, end this unwarranted strike and join Management in elevating the standards of this great Institution so we may leave an enviable legacy for generations to come.”

     

  • APC berates Fayose over call for chairman’s arrest

    APC berates Fayose over call for chairman’s arrest

    The Ekiti State All Progressives Congress (APC) has criticised Governor Ayo Fayose and his administration for calling for the arrest and prosecution of its Chairman, Olajide Awe, and other party men for alleged involvement in murder and other crimes.

    The party absolved its chairman and other key figures fingered by the government, saying they were being hunted for trumped-up charges to take them out of circulation and to punish them for political reasons.

    In a statement yesterday by its spokesman, Taiwo Olatunbosun, the APC described the government’s position as a deliberate plot to distract the attention of Ekiti people from criminal allegations against the governor, as he “battles credibility crisis occasioned by EFCC dragnet that has exposed him as unworthy leader”.

    The government had petitioned the Acting Inspector General of Police, Ibrahim Idris, calling for the arrest and prosecution of Awe and other party members accused of complicity in some killings.

    Olatunbosun said, in a statement, yesterday in Ado-Ekiti that the party would have kept quiet over the governor’s call, but decided to react for the purpose of the public who had become victims of Fayose’s “unconscionable mischief” to get away with his misdeeds.

    He said Fayose has become jittery of the day of reckoning, hence his alleged resort to brinkmanship to silence the opposition.

    The party’s spokesman said Awe was not in his hometown on the day that the violence leading to the death of one man erupted.

    “This is the same way Sola Adenijo, Olanbiwonnu Metilo, Niyi Adedipe and several others were implicated in Omolafe Aderiye’s murder and they are still in jail for offences they knew nothing about just because Fayose had the support of President Goodluck Jonathan’s lawless administration to brutalise the opposition in Ekiti State.

    “The personal assistant to the late Omolafe, Gbolahan Okeowo, had since approached the court, swearing to an affidavit that he was forced by Fayose’s Attorney General and Commissioner for Justice, Ajayi Owoseni; and media aide, Lere Olayinka, to implicate the innocent men in the murder of his boss,” Olatunbosun explained.

    He urged the governor to disband his alleged killer squad and submit members for prosecution for their alleged crimes.

    Berating the governor for the hasty manner he urged the police to arrest APC members, he said his action could not be unconnected with reports that he was manipulating other murder cases involving him in courts to get a clean bill from murder allegations to justify trials of APC members for false accusation of murder.

    The APC’s spokesman reminded Fayose that the cases he listed in his letter to the IGP were in court and some of the accused had been granted bail.

    Accusing the governor of mischief to cover his tracks, Olatunbosun said: “It is evidently clear that Fayose is trying to cover something. But we are assuring him that no matter how much he tries, the long arm of the law will catch up with him and his team of criminals.

    “He is jittery and afraid of his pending doom, resulting from his alleged involvement in serial killings across the state.

    “Fayose is looking for cheap distraction, now that APC is asking for prosecution of his partners in crime, particularly the criminals in his government.

    “We also wish to remind Fayose that it is high time he handed over for prosecution, his thugs quartered in the Government House, on whom many petitions have been written for shooting and maiming members of the opposition.

    “The governor should note that it is not going to be business as usual as he cannot cow or blackmail the Nigeria police after he cowed the judiciary and legislative arms of government to submission in the state with the connivance of the last PDP-led Federal Government.”

  • Lagos Assembly calls for more security in coastal areas

    Lagos Assembly calls for more security in coastal areas

    As suspected hoodlums continue to invade coastal areas of Lagos State, the state House of Assembly has called for more protection of the coastal areas in the state by the police.
    This became a resolution of the House after it was raised under matter of urgent public importance at plenary yesterday by the Chairman, House Committee on Information and Publicity, Hon. Tunde Braimoh, who called on Governor Akinwunmi Ambode to sign the Neighbourhood Protection Safety Bill recently passed by the House into law.

    The lawmaker also used the opportunity to call on President Muhammadu Buhari to increase the number of security men in the coastal areas in the state to forestall the upsurge of hoodlums in the areas.

    Braimoh recalled an incident in Igbo Olomu area of Ikorodu where alleged illegal bunkers reportedly invaded the community, killing, kidnapping and raping the residents.

    “The Deputy Governor of the State, Mrs. Oluranti Adegbule was driven out of the place by hoodlums when she went there for inspection, while one of her security aides was wounded. Crime has now become a recurring decimal in the place.

    “The people of the area are apprehensive as the mobile policemen deployed to the place cannot match the number of criminals in the area. We need to do something quickly to avert further damage,” he said.

    The incident was confirmed by the lawmaker representing Ikorodu Constituency 1, Hon. Sanai Agunbiade, who said that though peace has since returned to the area, the residents are still apprehensive.

    Agunbiade, who is the Majority Leader called for a reinforcement of the policemen in the area as well as constant surveillance and monitoring of coastal lines in the state as he said that they have become porous in the area of security.

    In his contribution, Hon. Abiodun Tobun from Epe Constituency 1, observed that the attack on people living in coastal areas in the state is becoming rampant, adding that it has extended to Epe area of the state.

    Tobun revealed that a daughter of a monarch in Epe area, Alara of Ilara was recently kidnapped, and was only released after ransom was paid.

    He added that an expatriate was also kidnapped at a project site in Epe, and called on President Buhari to fortify coastal areas in the state to drive away the invading Niger Deltans.

    Another lawmaker, Hon. Gbolahan Yishawu said that the success of Lagos has become an attraction to criminals, while Hon. Jude Idimogu also supported the protection of the coastal areas in the state.

    In his own view, Hon. Victor Akande, who commended the efforts of the state government on security and called on the Federal Government to consider the issue of state police.

    Akande stressed that if there is state police, the security situation of the state would improve due to its large population.

    The Speaker, Hon. Mudashiru Obasa, stated that the state government is doing much to protect lives and properties of the residents of the state.

    According to him, security is an important matter, which he said was why the issue of state police and restructuring was important.

    “We need to assure investors that Lagos State is safe for investment and investors. We will continue to support the Federal Police, but we want the Governor to sign the Neighbouhood Protection Safety Bill recently passed by the House into law,” he said.

  • Skye Bank gets new MD, chairman as CBN takes over

    Skye Bank gets new MD, chairman as CBN takes over

    •‘Depositors’
    funds safe’

    A New helmsman has taken over at Skye Bank Plc. Mr Adetokunbo Abiru, a Harvard Business School graduate who headed Investment Banking at First Bank of Nigeria Ltd., is the Managing Director/CEO.

    Central Bank of Nigeria (CBN) Governor Godwin Emefiele announced the management and board changes, which led to the resignation of Group Managing Director Timothy Oguntayo and Chairman Olatunde Ayeni.

    Muhammad K. Ahmad, the pioneer Director-General/CEO of the National Pension Commission (PENCOM), is the chairman.

    Emefiele, who announced the changes at a media briefing in Lagos, said the regulatory action followed poor liquidity ratio and capital adequacy hitches, as well as rising cases of non-performing loans found to be hurting the lender’s balance sheet positions.

    He said the apex bank decided to act before the problems confronting the lender reached an irreversible state, adding that the appointments are solely to ensure a speedy restoration of the health of the lender.

    Emefiele also announced the sacking of all non-executive directors and independent directors on the board of the bank as well as the deputy managing director and the two longest-serving executive directors. But the more recently appointed executive directors will remain to ensure continuity and smooth transition.

    “These proactive moves have become unavoidable in view of the persistent failure of Skye Bank Plc to meet minimum thresholds in critical prudential and adequacy ratios, which has culminated in the bank’s permanent presence at the CBN lending window. In particular, Skye Bank’s liquidity and non-performing loan ratios have been below and above the required thresholds, respectively, for quite a while,” Emefiele said.

    According to Emefiele, the CBN had several meetings with the management and board of the bank as part of its strategy of close engagement whenever a bank’s financial or governance situation poses potential threats to the overall stability of the financial system.

    “Despite the expectation of relevant regulators, market watchers, financial analysts and interested stakeholders that Skye Bank should be doing much better than it is right now, we have seen about the opposite in reality,” he said.

    Emefiele assured customers and other stakeholders that Skye Bank is not in distress and remains healthy. He said although the bank’s liquidity ratio had been badly hurt, it is not at a point where depositors’ funds are threatened.

    “The CBN hereby assures depositors, shareholders and all relevant stakeholders that there is no reason for concern or panic as we seek their continued cooperation at this time. It is our expectation that the shareholders and remaining executive directors will work seamlessly with the new team to ensure that the fortunes of the bank are restored in the shortest possible time,” he said.

    Emefiele explained that since Skye Bank is a domestic Systematically Important Bank (SIB) with significant interconnectedness, the CBN would be failing in its duties if it does not take immediate action to nip the steadily declining health of the bank in the bud and correct the situation.

    “In view of the long grace period allowed the bank to correct the situation, we came to the conclusion that although the existing board had done its best to steer the ship, it had come to a realisation that it would be unable to bring the bank out of its present precarious situation. Fortunately, and in the overall interest of the bank, the Chairman and some board members have decided to resign their appointments from the bank,” he said.

    Ahmad is a seasoned public sector executive with over 35 years of distinguished experience spanning the public sector and the financial services industry. He is a pioneer member of the staff of the Nigeria Deposit Insurance Company (NDIC) where he became a director.

    He has been on the board of various companies and committees, including banks and not-for-profit organisations.

    Abiru, an accountant, was Lagos State Commissioner for Finance from 2011 to 2013 and is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN).

    Ahmad in a statement expressed optimism about the bank, given its vast potentials and strategic position in the economy. He stated that the bank is well positioned to deepen the retail and commercial banking services in the economy, having put in place the critical building blocks to win in this sector.

    He stated that the immediate priorities of the board and the new management team is to quickly  begin to leverage the huge investment in the enhanced branch network, technology and alternative channels to improve stakeholder value in a sustainable manner.

    He assured the shareholders, customers and depositors of the bank of his commitment to preserve their investments and deposits, while further assuring that the support and backing of the CBN and other relevant stakeholders have been obtained in this respect.

  • Forgery case: Melaye alleges attempts to tamper with evidence

    Forgery case: Melaye alleges attempts to tamper with evidence

    The Senator representing Kogi West, Dino Melaye, yesterday claimed that unnamed individuals have concluded plans to doctor the Police report on the investigation of allegation of forgery leveled against the leadership of the Senate.

    Melaye who is also Chairman, Senate Committee on Federal Capital Territory (FCT), alleged that the plan was aimed to indict Senate President, Abubakar Bukola Saraki and his Deputy, Senator Ike Ekweremadu.

    The Kogi West Senator in a statement circulated in Abuja claimed that “those behind the sinister plot are scheming to forge a police report different from the one signed by DIG Dan’Azumi J. Doma in other to justify and prove a case of forgery against the Senate President and the Deputy president.”

    He said it was necessary for members of the public to be aware of the ‘unlawful plan’.

    He said, “We have our own sources and we have been reliably informed that the prosecution having realised that there is a big hole in their case against Saraki and Ekweremadu who were not mentioned in the police report, are now trying to doctor the report and include the names of both presiding officers of the Senate

    “We are aware of that development and we want members of the public to know the level of desperation that these people are ready to go to nail the Senate President and his Deputy.

    “It is because of this plan that they refused to include the police report in the process they filed in court.

    “We have said it repeatedly that the government and specifically, the Attorney General of the Federation (AGF), Mr. Abubakar Malami has no case against our presiding officers.

    “They filed the case to distract the two men, embarrass them, force a change of leadership and eventually cow the Senate, in particular, and the National Assembly, in general.

    “The forgery case is the height of desperation by some elements to bring down the legislature. Malami has a personal agenda to achieve an objective for which he has been hired as a counsel by a few aggrieved Senators.

    “Now, a court has affirmed our claim that he is abusing his office and that there is a conflict of interest involving him.

    “The said police report is already in the public space. The media has published it verbatim. We will be watching them to see how they will smuggle Saraki and Ekweremadu’s names into it.

    “This is the height of desperation and we will continue to monitor developments on it. It is clear those who initiated this forgery suit against the leadership of the Senate know that they have made a mistake. They should cut their losses and discontinue the error.

    “To think that they will now use forgery to justify a false case of forgery, further their abuse of the court process as well as abuse of office and think we will be looking at them will not be possible.

    “We will call on the courts to continue to play their role as the last resort for every man who wants justice at all times and in all circumstances.”