Tag: Edo State

  • Edo Sensitises Commissioners, MDA Heads

    Edo Sensitises Commissioners, MDA Heads

    To guard against corrupt practices, abuse of office and entrench accountability in governance, commissioners, and heads of Ministries, Departments and Agencies (MDAs) in Edo State have been charged to abide by the provisions of the state’s Procurement Law.
    This was the submission of experts at the seminar tagged “Essentials in Public Procurement Process and Organisation” organized by the Edo State Strategic Planning Team and hosted by the Managing Director/Chief Executive Officer of the Edo State Public Procurement Agency, (ESPPA), Mr. Henry Idogun, at the Banquet Hall, Government House, Benin City, on Thursday.
    The seminar was an initiative of the state government to sensitise its officials and other stakeholders on the supremacy of the Public Procurement Law enacted in the state in 2012, for the sourcing of services and goods to ensure optimal service delivery and good governance.

    Mr. Idogun, in his presentation, said complications with procurement often arise because government agencies do not keep to the conventional methods of sourcing services, goods and jobs such as the national and international competitive bidding procedures.

    He noted that the use of unconventional methods, though lawful, often create conflict, which public servants ought to guard against if they are to maintain transparency and accountability.

    He said: “Many would argue that drug procurement falls into emergency service. But it isn’t, because, if the official in charge requested to replenish stock as at when due, there wouldn’t be any need to classify drugs as an emergency good. We are to work in the background to ensure that everyone complies with the law, and we are committed to ensuring that this is done.”

    The Head of the Edo State’s Strategic Planning Committee, Prof. Julius Ihonvbere, said the Edo State government wants everyone involved with procurement to understand the import, implication, and essence of the Procurement Act.

    He said: “That is why we have brought in experts to speak with commissioners, permanent secretaries and those heading all the MDAs in the state for this intensive one-day workshop on compliance with the Procurement Act.”

    Prof. Ihonvbere explained: “This is a different era. First, we started with a strategic plan for the state, which started with a strategic dialogue attended by all stakeholders. Thereafter, we did targeted workshops for each ministry and some departments. Then, we developed Key Performance Indicators (KPIs) for each commissioner. We also required that using their initiative, they develop a work plan, which is aligned to the budget. We want to ensure that absolutely no procurement would be done in Edo State without compliance with the Procurement Law. So, it is part of our effort on the war against corruption and abuse of office.”

    The Commissioner for Communication and Orientation, Mr. Paul Ohonbamu, said the seminar was to expose government officials and other stakeholders in the procurement space to the legal and institutional framework for doing business with the state government.

    According to him, “The intent of this workshop is to ensure that government is for governance and not for looting. Once we have that as the watchword, we would bid goodbye to the days of looting. We want to ensure that sanity is brought into the way goods and services are procured. At the end of the day, when these loop holes are covered, stealing and fraud would become things of the past.”

  • Prioritise ICT – based teaching- Obaseki

    Prioritise ICT – based teaching- Obaseki

    The Governor of Edo State, Mr. Godwin Obaseki, has decried the prevalence of obsolete teaching methods in institutions of learning in Nigeria, which he said, accounted in part, for the high figures of illiterate and poorly educated people as against the lower figures in other countries.

    Obaseki said it was time for policy makers to change the approach to teaching and learning by prioritising the use of Information and Communication Technology in bridging the wide gap.

    The governor made the recommendations as the world celebrates World Literacy Day, on Friday, August 8.

    According to him, “the global event is an opportunity for policy makers in the education sector, parents and educationists to review the efforts at increasing the number of literate people in Nigeria,” the governor said.

    “We cannot continue with the old teaching methods that failed to put us in the league of the most literate people in the world” he stressed, and explained that “the efforts of governments at various levels, to build and equip more schools, employ and train more teachers, encourage children to come to school through various initiatives like the School Feeding Programme of the federal government, would not yield the desired result if at the policy level, the use of ICT is not placed on the front burner.”

    Obaseki said his administration’s ICT-driven educational policy, was in line with the theme of this year’s International Literacy Day: “Literacy in a Digital World” which seeks to determine the literacy skills that are needed by people, to navigate the increasingly digitally-mediated world and all the associated opportunities.

    He said his administration has commenced work on the digitalisation of libraries in public schools, while the revamp of the Benin Technical College, which will have a Technology Park on completion, was ongoing.

    “Edo University Iyamho is leveraging on the strength of Information and Communication Technology, while Edo State Polytechnic, Usen, and the College of Agriculture, Iguoriakhi, are being repositioned to deliver modern manpower,” the governor said, and added that remodeling work was also ongoing in several primary and post primary schools across the state, to reset them to increase the literacy and numeracy levels in the state.

    Obaseki further said that part of his administration’s plan was to ensure the state-owned media outfits – The Nigerian Observer and Edo Broadcasting Service (Radio and Television stations) – dedicate quality space and air time to educating the young and adults alike.

    The 2015 United Nations Educational, Scientific and Cultural Organization (UNESCO) survey revealed that 65 million of Nigerians are illiterates, which experts say could jeopardize government’s efforts at removing millions of Nigerians from poverty.

    An earlier survey in 2010 conducted by the Nigerian Bureau of Statistics (NBS) put the literacy level in Edo State at 45.8 per cent, with adult literacy rate at 56.9 per cent. The highest is Lagos at 92.0 per cent and the lowest, Borno State at 14.5 percent.

  • Eid-el-Kabir: Obaseki harps on peaceful co-existence

    Eid-el-Kabir: Obaseki harps on peaceful co-existence

    The Governor of Edo State, Mr. Godwin Obaseki, on Friday, celebrated Eid-el-Kabir with members of the Muslim community in the state, at the Government House, Benin City, with a call on them to live peacefully with members of other religions in the state.

    Obaseki who was represented by the Commissioner for Arts, Culture and Diaspora Affairs, Hon. Osaze Osemwegie-Ero, said the celebration was a moment for everyone to show brotherly love and coexist in harmony.

    He said the state government was ready to strengthen inter-faith relations in the state, noting that a peaceful atmosphere was necessary for government to achieve its objective of economic growth and development.

    “I urge Muslims to coexist peacefully with people of other faiths in the state. The progress we have recorded can only continue as long as everybody is happy. I wish Muslims, Christians and Traditional worshippers well during this holiday,” Obaseki said.

    In his remark, the Chief Imam of Benin, Alhaji Abdulfatah Enabulele,  representated by Alhaji Ismaila Enabulele, said the need for peace in the state and the country at large could not be overemphasized, adding that the Eid-el-Kabir celebration espouses the virtues of giving and peaceful living.

    He said, “This is the time to draw closer to our neighbours and allow them share in the spirit of the festivities. When we see people share meat and other food items, it is because they want to identify, not only with their immediate family members, but also with their friends and relations.”

    He sued for tolerance among members of different faith, stating that differences among people of different religions should be tolerated for the sake of peace and progress.

    Dignitaries present at the ceremony were the Head of Service of Edo State, Gladys Idahor; the Commissioner for Communication and Orientation, Hon. Paul Ohonbamu; and Commissioner for Infrastructure, Hon. Osahon Amiolemen, amongst others.

    Earlier on Friday in a special message to Muslim faithful in the state, Governor Obaseki assured that measures were in place to ensure everyone would be safe during the Sallah festivities.

    He urged Muslims to rededicate themselves “to the service of Almighty Allah and continue to manifest the essence of Eid-el-Kabir, which is obedience to God’s command and the expression of love towards all.”

  • 19 die in auto crash in Edo, says FRSC

    19 die in auto crash in Edo, says FRSC

    At least, 19 people including five children died in an accident at Ogoneki in Edo, off Asaba-Benin Expressway on Thursday, the Federal Road Safety Corps ( FRSC ) has said.

    Mr Samuel Odukoya, the State Sector Commander, told the News Agency of Nigeria (NAN) in Benin City that the accident which involved a trailer and a passenger bus occurred at 4.30 p.m. on Thursday.

    He said 24 persons were trapped in the accident involving a trailer with registration no. DRZ 374 XA and a Toyota bus marked ABD 206 XA.

    Odukoya said 16 people died on Thursday while three other persons died in a hospital on Friday.

    According to him, five others sustained various degrees of injury.

    “The trip was from Benin to Auchi and the cause of the accident was attributed to dangerous overtaking.

    “Three females, 11 males, a female child and four male children were killed in the accident, while five men were injured and have been taken to the hospital,” the commander said.

  • ‘How best to administer local govt’

    ‘How best to administer local govt’

    Mr. Omonlei Imadu is an indigene of Avbiosi, a rural community in Owan West Local Government Area of Edo State.  Imadu, who was born on July 24, 1978, is an aspirant for Owan West in the forthcoming local government election in Edo State. He is a graduate of computer science, Yaba College of Technology and the President of Green Grace Farmer’s Market Limited. He speaks on local government autonomy and related issues. Excerpts:

    Local government administration

    Meaningful and visible economic development initiatives on the part of federal and state governments cannot be fully noticed without the third tier of government being carried along in a true democracy. This might be the right time for Nigerians’ aspirations to be fulfilled. As you can see, there’s total disconnect between the government and the governed. The primary purpose of government at the local level which is the cardinal objective or the reason for the creation of local government area councils has been defeated.

    The Senate intervention towards ensuring altruistic governance at the councils nationwide in the consideration of Nigerians could solve a lot of teething problems arresting development in the local government. When political office holders are properly elected there is the possibility that they will do the bidding of the electorate and attend to the pressing needs of the people at the local environment. But the reverse is the case when individuals who doesn’t have the welfare of the people at heart are suddenly selected to look after the people’s plight. This is the right time for the constitutional amendment because we can’t continued to be a laughing stock in the comity of democratic nations.

     

    INEC and conduct of local govt polls

    I believe the government of day knows better and it is doing everything possible to make sure the dividend of democracy gets to grass root. Also, there is no doubt that the present leadership of the National Assembly is on the same page with President Muhammadu Buhari leadership of the country in terms of repositioning the country. Don’t forget that the APC administration promised change to the Nigerian electorate from every corner of the country and no single local government council will be left out.

    If you observed closely, you will discover that there are about 34 clauses proposed to the amendment of the the 199 Constitution. This is a holistic legislation that will take care of a whole lot of issues that has been convulsing Nigeria. We may just get it right this time round because in celebrated democracies around the world they have had their Constitutions tinkered with a number times to meet the collective aspirations of their people at all times. Nigeria can’t be an exception if we must remove the downtrodden from the yolk of poverty.

    I believe strongly that laws are made to correct anomalies in any society or political system. There may have been a reason why the joint-accounts between the State and local government was created in the first instance. I’m sure our legislators know better while it is no more desirable to continue with the old Constitutional provision of the joint-accounts.

     

    Major challenges facing local administration

    First and foremost, local government administration in Nigeria is a  great challenge that dictates forensic evidence in the area of indiscipline, lack of accountability in local government council governance and the ill-fated structure or foundation that probably gave birth to the person in charge of the local government administration at a given point. However, creating enabling environment that will enhance and create local wealth will ignite economic opportunity in the rural area, thus reducing rural – urban migration.

    When there are democratically elected and focused individuals into the local councils, there would be no need for our youths to continued to search for white collar jobs that doesn’t exist anywhere in the city centres. It will also crimes and criminality and minimize the rate at which people cross the deserts to foreign land in search of greener pasture. Serious minded local government administrators can easily open up the farm land just like Governor Godwin Obaseki is doing in Edo State and support the youths who will be trained in modern day mechanised farming.

    The effect of this in the rural area will be enormous because there will be availability of food, job will be created and there will be peace and stability among the rural dwellers. As far as you know the buck of Nigerians anywhere they are have permanent contacts with the people in their various villages and towns and such relationships have a lot of ripple effects on the economic stability and education on the local people.

     

    The meddlesome nature of governors in local govt election

    It might be not useful looking consistently backward at this stage. Mistakes must have been made by some governors who cashed in on the weaknesses of our laws to maximise certain advantages at their disposal. Blaming them for that may amount to lamentation and this is not the time to lament. The question should be going forward, what should Nigerians expect from the proposed legislation for local government autonomy? Who will be the monitoring authorities to the activities of the councils, can they be made accountable to the electorate; will they deliver the goods promised at electioneering? These for me, are more important and fundamentally crucial issues to address than looking at the mistakes of the past.

     

    Local govt autonomy

    Autonomy is important but what should bother us most is that dividends of democracy should get to the grass root, and both the federal and the state government are doing their possible best to achieve this. This is the right time for local government areas to follow the footsteps of the federal and state governments. Strictly speaking, more revenue from the center should be given to local councils Nationwide because 30% of our people leave in those areas.

     

    The prospects of the 774 local govt areas

    The reason for the creation of local government authorities in Nigeria or anywhere in the world is to draw government closer to the people at the grassroots. The prospects can only be brighter because the proposed piece of legislation is to broaden the socioeconomic and sociopolitical future of the local communities.

    Once the political space is liberalized, new ideas and economic opportunities will be open to all, that way development will begin to take firm root in rural communities. Part of the reason why we cry of hunger is because we have abandoned our traditional ways of life. Even with our subsistence method as a growing child in Owan town, hunger has never been an issue; food was in abundant.

  • Foundation gives scholarship to essay winners

    TO promote academic excellence and scholarship, the Francis Ibhawoh Foundation has rewarded winners of its essay competition with prizes. The winners were offered scholarship at an event held at Protea Hotel in Benin City, Edo State.

    Dr. Victor Asibor, the foundation’s coordinator, said the yearly essay was organised in memory of the late Mr. Francis Ibhawoh, who invested personal resources to ensure people around him got education.

    The essay topic was Social welfare policy and the protection of the rights of the African child.

    Announcing the winners, Mr. Gerald Ibhawoh said entries with quality content were shortlisted for the prizes.

    He said: “The essays we got this year are with content that can influence far-reaching decisions if pushed to policymakers. We will get the articles published on our website, because we found them well-articulated and referenced.”

    Encouraging the winners to be good ambassadors of the foundation, Ibhawoh charged the students to study hard for their degrees. He said they must imbibe positive actions that would help shape their future and build knowledge in the society.

    The winners are Nathaniel Asibor, a 400-Level Medicine student, Yusuf Akpeji, an Electrical Engineering student, Richard Ebvuomwan, a Dentistry student, and Barnabas Akharame, a 200-Level Plant Biology student. They are all students of the University of Benin (UNIBEN).

    Yusuf said the scholarship was timely, noting that it came at a time he needed financial support.

    He said: “I want to express my gratitude to the Ibhawoh family and the members of the Francis Ibhawoh Foundation Governing Board. I thank the family for supporting the foundation with resources to help undergraduates realise their academic dreams.”

     

     

  • Six arrested for selling donkey meat

    Six arrested for selling donkey meat

    Six persons including four females and two males been arrested in Benin City for engaging in sales of donkey meat.

    Donkey meat is known as ‘Jaki’.

    The four women were nabbed at Oka market in Ikpoba-Okha local government area by the State Butchers Taskforce.

    They refused to give their names and said they have been in the business for a long time.

    The suspects alleged that they were unawares about the prohibition of the sale and consumption of donkey meat.

    On their part, the two male suspects said they import the meat from Niger Republic where the donkeys are butchered, roasted and package as beef.

    Bags of donkey meat were recovered from the suspects

    Chairman of the Butchers Taskforce, Akhere Odigie, urged people to buy meat from known meat sellers.

    Akhere said monitoring of sale of unwholesome meat would continue.

  • Project funding: EU urges other states to emulate Obaseki

    Project funding: EU urges other states to emulate Obaseki

    …Obaseki seeks EU’s partnership to end illegal migration

    The timely payment of counterpart funds for European Union (EU) projects and the timely implementation of the projects in Edo State by the Governor Godwin Obaseki administration, received commendation on Monday in Benin City.

    The leader of a delegation of the European Union on Niger-Delta Support Programme (NDSP), Mr. Kurt Cornelis, said his team was impressed with the high level of commitment of the Edo State Government to the execution of projects under the NDSP and urged other governors to emulate Obaseki.

    “Your government is really implementing the proposed reforms in water management, and that is a positive aspect and it is very commendable as well as encouraging,” Cornelis added.

    In his response, Obaseki said there was the need to ensure synergy between his administration and the EU on the Niger-Delta Support Programme (NDSP) to avoid unnecessary duplication of efforts and guarantee sustainability in water and sanitation as well as in checking illegal migration.

    “We must get our donor agencies to work together with us to avoid duplication and waste and ensure that those programmes are tied to our internal programmes and to enable us provide more services for the people,” Obaseki said.

    He stressed that he was aware that funding to check the challenge of illegal migration was available and added that his administration was reforming its processes to access the fund and create more opportunities in the state to discourage people from going down the tortuous path of illegal migration.

  • In honour of Edo House hooligans

    In honour of Edo House hooligans

    Ours is a blessed nation. We are blessed with thieves, kidnappers and armed robbers. We are also blessed with educated illiterates—some of whom occupy leadership positions. Many of them are elected lawmakers, who have, however, turned out to be lawbreakers. A mischievous friend says but for parliamentary immunity, these hooligans, these barbarians, these rascals should be behind bars.

    My friend is in the same class with the Oba of Benin, Oba Ewuare II, who last week advised lawmakers in the Edo State House of Assembly to always use democratic means to effect leadership change.

    Oba Ewuare II did not mince words in describing their style as hooliganism and barbarism. He said he was not against leadership change but abhors frequent violent changes of the House leadership. The Oba was disappointed at the throwing of chairs and use of fisticuffs. He delivered an uppercut when he said these actions were alien to the prefix ‘Honourable’ they all love to attach to their names.

    With due respect to the Oba, I sincerely believe that these men behind the violent leadership change in the House deserve honour for their bravery. Their wives and children should be proud of their exploits. I was green with envy watching the scenes on television. Nollywood movies are not even that interesting. Great plots without scripting.

    From what I gathered, the speaker that was violently removed, Justin Okonoboh, was doing ‘chop-alone’. That is undemocratic. His traducers claim he was just ‘chopping the head of his life’ without carrying his colleagues along. Sacrilege!

    Okonoboh became Speaker July 25 last year after Hon Elisabeth Ativie stepped down as Speaker to balance power equation. She became his deputy and the two of them were booted out last week.

    Okonoboh, I learnt, would have lost the position last May but he postponed the resumption of plenary. He was very creative about the whole thing by saying he was effecting repairs in the Assembly complex. He was not lucky last week. Immediately he called for votes and proceeding of the day, the superb lawmaker representing Akoko-Edo II, Emmanuel Agbaje, fished out a paper from his pocket. It turned out to be an impeachment notice.

    Okonoboh tried to silence him by shouting: “Sit down, I do not recognise you.” But that was not enough to stop this great actor— sorry lawmaker. Soon the maze was seized. Some other great actors— this word again, I meant to write lawmakers— rushed towards where Okonoboh was sitting and he ordered him to leave.

    One of his supporters, Damian Lawan, moved to checkmate them by aiming for the gavel which was later retrieved from him.  Okonoboh was pushed out of the Speaker’s seat by men whose children will always be proud of them for the televised show of shame— sorry, show of bravery.

    Okonoboh’s men were not done. After he read the handwriting on the wall and walked away from the seat, one of his supporters, Ezehi Igbas, attempted to stop Gallant Eruaga from sitting on the Speaker’s seat as Protem Pro Speaker. Igbas got the beating of his life from four men of honour and flee.  This will sure make a great script for even Hollywood. I am immensely proud of these guys.

    Their gallantry made Okonoboh leave the plenary. Within minutes, Kabiru Adjoto was sworn-in as elected Speaker. To show that these guys are geniuses, they made a former Speaker, Victor Edoror, Deputy Speaker. Edoror was removed as speaker last year over alleged high-handedness, dictatorial tendencies and financial recklessness. His sins have been forgiven.

    In the spirit of accountability, Adjoto froze all accounts of the Assembly. He also suspended Okonoboh, Ativie and Foly Ogedengbe, who was Majority Leader. He also ordered the Clerk to seize all official vehicles belonging to them.

    Ativie got a letter asking her to return the cars in her possession and she swiftly rushed to her lawyer. The lawyer wrote the clerk and claimed ex-Governor Adams Oshiomhole had given her the official car she used as Speaker for her sacrifice in stepping down for Okonoboh to be Speaker.

    There is another heroic act that I must not forget to recall. After plenary, Adjoto and his supporters went to chase Okonoboh out of office. They made sure he did not leave with the official vehicle.

    Adjoto gave a speech worthy of winning a Grammy for Spoken Word. I have never seen a  more brilliant  speech before. I certainly will frame it and hang it on the wall of shame – sorry, hall of fame.

    Adjoto, who accused Okonoboh of desecrating the Assembly, said: “We came together to say no that the institution is more deserving to be protected than the interest of an individual. The wife has suddenly turned herself to the 25th member of the Edo State House of Assembly. We are 24 members but we were surprised that anything we discussed at the Executive Session, the wife will hear and start calling our wives to tell them what we discussed and they should tell their husbands not to do it.

    “The wife uses the Speaker vehicle and convoy as if she is Mr. Speaker. The other day the wife and his son used the convoy to the NYSC camp and all policemen stood at attention for her thinking it was Mr. Speaker. That is desecration of the parliament.

    “Mr. Speaker is not supposed to be a contractor but we discovered that he award contracts without due process. We have cautioned him severally. He refused to heed to our advice. We told him he represented an institution and he was our symbol especially with the way he conduct himself publicly.

    “He just came back from America where he said he visited eight states whereas he shut down the Assembly. We were not supposed to go for holiday but he shut the House because of his son’s graduation. He stopped us from working for Edo people. We have a government and governor that is working but without parliament no governor can work well. The governor need the suppprt and approval from parliament to function effectively. He is shutting down activities that is detrimental to the running of the state. The governor is working and it is our duty as a parliament to support him.

    “16 of us initially signed the impeachment notice. What we need is two third which is 16 members. After we finished, we are now 19 more than the two third requirements.

    “They have been suspended for a period of three months to give room for proper investigation of their activities. We need to set a standard for the House. The precedent Okonoboh met, he destroyed it. He is not doing anything to set new things. When you look at him, you think he is somebody who can perform as a medical doctor. He is weak but terribly dangerous.”

    My final take: With lawmakers like these, the good days – sorry, dark days– are gone and the light has come to stay in Edo House. There is now hope for the hopeless people. A special variant of democracy has also seen the light. The end will always justify the means. All hail the men of might in the hallowed chamber.

  • Afreximbank introduces $300m equity offering to Nigerian investors

    Afreximbank introduces $300m equity offering to Nigerian investors

    The African Export-Import Bank (Afreximbank) on Thursday in Lagos met with leading Nigerian investors to push for strong participation in the bank’s $300 million equity offering.

    Dr Benedict Oramah, the President of Afreximbank, told the investors that the equity offering would be issued through depository receipts backed by its Class “D” shares for new and old investors in the bank.

    The News Agency of Nigeria reports that Class “D” shareholders can be any investor.

    Oramah said that the aim was to generate between $100 million and $300 million as part of the bank’s target to mobilise up to $1 billion to boost African trade over the next five years.

    He told investors that the issuance of the receipts was to enhance the bank’s capitalisation so as to significantly narrow the trade financing gap in Africa, currently estimated at $120 billion annually.

    He said that the receipts would be listed on the Stock Exchange of Mauritius and managed by SBM Asset Managers as lead arranger.

    According to him, the issuance also represents an opportunity for Afreximbank to diversify its shareholder base by enabling investors in Africa and beyond who have not yet invested in the bank to do so.

    He said that Afreximbank had consistently delivered development impact in its member countries including Nigeria where virtually every banking institution had benefited from its support.

    Kee Chong Li Kwong Wing, the Chairman of SBM Group, said that the decision to use Mauritius was due to the country’s highly developed financial services system and its experience in similar investment drives.

    Li said that as part of its support for the Afreximbank depository receipts issue, the government of Mauritius planned to grant permanent residency to investors putting in up to $500,000 into the offer.

    According to him, the minimum investment amount is $30,000.

    Those present at the event include Aliko Dangote, President of the Dangote Group, Gov. Godwin Obaseki of Edo, former Gov. Donald Duke of Cross River; a representative of  Oba of Lagos and many others.

    Afreximbank’s shareholders are a four-tier mix of public and private entities with Class “A”, consisting of African states, African central banks and African public institutions.

    Class “B” is made up of African financial institutions and African private investors, Class “C” shareholders are non-African investors’ mostly international banks and export credit agencies.

    Afreximbank is a foremost pan-African multilateral financial institution devoted to financing and promoting intra- and extra-African trade.

    The bank was established in October 1993 by African governments, African private and institutional investors as well as non-African investors.

    Its two basic constitutive documents are the Establishment Agreement which gives it the status of an international organisation, and the Charter which governs its corporate structure and operations.

    Since 1994, it has approved more than $51 billion in credit facilities for African businesses including about $10.3 billion in 2016.

    Afreximbank had total assets of $11.7 billion as at Dec. 31, 2016 and is rated BBB+ (GCR), Baa1 (Moody’s) and BBB- (Fitch).

    The Bank has its headquarters in Cairo.