Tag: employees

  • Alleged N8bn fraud: EFCC closes in on JAMB directors, employees

    THE Economic and Financial Crimes Commission (EFCC) confirmed yesterday that that it was closing in on some former and present senior staff of the Joint Matriculations Board (JAMB) implicated in an alleged N8 billion deal.

    An employee of the organisation, Philomina Chieshe, who claimed that a snake swallowed N36 million revenue from scratch cards, is among those slated for trial.

    Some of the affected former and present directors of JAMB may also be invited soon by the anti-graft commission.

    The handover of the top management staff to the EFCC followed an audit report which alleged that JAMB failed to remit revenue in excess of N8 billion to the Federal Government between 2010 and 2015.

    The alleged fraud sum includes unremitted Value Added Tax and Withholding Tax.

    The Federal Government, according to sources, was surprised that the new management of JAMB, led by Prof. Ishaq Oloyede, remitted N7.8 billion to the treasury in contrast to the poor showing of the agency between 2010 and 2015.

    Based on the development, the government “ordered a forensic audit of the accounts of JAMB from 2010 to 2015.

    A top source in EFCC said: “The report of the forensic audit committee was turned in some months ago and subsequently forwarded to the EFCC by the Minister of Finance, Kemi Adeosun, for criminal investigation.

    “Following the submission of the audit report, the commission set up a crack investigative panel to review the report and take further investigative steps to bring indicted culprits to book.

    “We are looking at a number of accounts with suspicious inflows and outflows.

    “From the detailed analyses of the accounts, we have identified a few officers that would help our investigations because funds have been traced to their accounts.

    “Very soon, we will be inviting them for questioning.

    “Among the officers that we may invite are a serving director and a retired director of the examination body.”

    The Nation gathered that the anti-graft agency will prosecute a number of officers of JAMB over the loss of revenues from sale of scratch cards by some of the state offices of the examination body.

    Another source said: “Among the staff that may be arraigned in court any moment from now is an official based in Makurdi, Philomina Chieshe, who claimed that a snake swallowed N36 million.

    “The money was part of the proceeds of the sale of scratch cards. Chieshe, who was arrested months back by the EFCC, allegedly told interrogators that the money was collected in instalments from her by her Coordinator.

    “She claimed that the coordinator usually asked her to withdraw proceeds of the sale of the cards from her account in two banks.”

    The source quoted Chieshe as saying: “This money that I withdrew, the coordinator used it for the office and some

  • PenCom enrols retiring Fed Govt employees in Lagos, Ogun

    •Pension fund assets hit N8.14tr

    The National Pension Commission (PenCom) has started verification and enrolment for employees of Federal Government Ministries, Departments and Agencies (MDAs) in Ogun and Lagos states.

    The exercise, meant for Federal Government employees, who are due to retire between January and December age next year, when they will attain 60 or 35 years in service; or 70 or 65 years in service for employees of tertiary institutions, is for the payment of their retirement benefits.

    PenCom’s Head of Corporate Communications, Peter Aghahowa, who spoke at the flag-off of the exercise at the University of Lagos (UNILAG), said the the enrolment also covered those who have retired, but are not yet enrolled.

    He called on employees to attend the exercise with the originals and copies of their letters of appointment, evidence of transfer of service and acceptance, birth certificate/declaration of age and promotion letter as at June 2004.

    Other requirements, for the exercise, according to him, include a letter of introduction from the MDAs,  staff identity card, letter or evidence of retirement, and a letter of indemnity from the MDAs.

    He said: “The prospective retirees are also requested to come with evidence of registration with a Pension Fund Administrator (PFA) indicating their Retirement Savings Accounts (RSA) Personal Identification Number (PIN).

    “To ensure a successful and hitch-free exercise, the Commission requires the services of at least, one Pension Desk Officer from an MDA to assist in identifying potential retirees as well as confirm the authenticity of the documents presented by the employees.

    “Medically unfit employees are exempted from the exercise, but the Commission advises the Pension Desk Officers to come with their documents and a letter from a suitably qualified physician or medical board certifying that the affected employees are not physically or mentally capable of carrying out the functions of his/her office.

    “The exercise at the University of Lagos is for Federal Government employees in Lagos and Ogun states, while the Ibadan Centre is for Federal Government employees in Oyo, Osun and Ondo states.

    ‘’Employees are, however, advised to take part in the exercise as only employees who have been enrolled will be issued with the Federal Government Retirement Bond. The exercise in the Southwest is taking place between July 30, and August 17,” he added.

    Meanwhile,  PenCom has recorded a total pension fund assets of N8.14 trillion as at last May.

    This was shown in the Commission’s monthly report.

    According to PenCom, Retirement Saving Account (RSA) retiree fund stood at N619.59 billion; RSA active fund, N5.51 trillion; Closed Pension Fund Administrators fund, N1.08 trillion and Approved Existing Schemes (AES) N9.26.85 billion.

    PenCom said 70.08 per cent of the N8.14 trillion pension assets was invested in Federal Government’s securities, which amounted to N5.71 trillion.

    A breakdown of the investment showed that Federal Government Bonds got N3.96 trillion; Treasury Bills, N1.68 trillion; Agency Bond (NMRC & FMBN) N6.54 billion; Sukuk Bonds, N51.98 billion and Green Bonds, N8.26 billion.

    State government securities were N154.02 billion; corporate bonds, N393.27 billion; corporate infrastructure bonds, N8.36 billion; banks, N662.80 billion; commercial papers, N71.75 billion and estate properties, N228.86 billion.

    Other classes of assets include supra-national bonds, N8.21 billion; open/close end funds, N10.16 billion; mutual funds, N1987 billion; private equity fund N3727 billion; infrastructure fund, N8.95 billion and cash and other assets N96.13 billion.

     

  • Firm rewards 254 employees

    Promasidor Nigeria Limited has rewarded 254 employees in diferent units of the company, including the finance unit.

    The beneficiaries are those  that have worked with the company for at least 10 years. Also rewarded are those that worked for 15 and 20 years in their service to the company.

    The award ceremony, which was held in Lagos, brought together the company’s employees, relatives and distributors from different parts of the country.

    Managing Director of Promasidor Nigeria Limited, Anders Einarsson, told the audience that the awardees were honoured for their commitment, hard work and loyalty to the organisation.

    He said the celebrated employees, who he urged others to emulate, had grown through the rank and become pillars of Promasidor’s growth as a result of their exceptional work ethics and positive attitude.

    He stated: “For us at Promasidor Nigeria, the Long Service Award is not just a tradition. It is an opportunity to celebrate and honour our employees for their dedication, hard work, commitment and loyalty to the company. Most of them joined the company at an entry level but grew to the positions of regional sales managers. Such promotions do not come without measurable performances and hard work”.

  • Seplat doles out N17.13b bonus shares to employees

    Seplat Petroleum Development Company Plc Board of Directors has distributed ordinary shares of the oil and gas company worth N17.13 billion to its employees as bonus shares.

    A regulatory filing indicated that the company awarded 25 million ordinary shares of 50 kobo each as bonus shares to its staff members under the company’s Long-Term Incentive Plan (LTIP).

    The supplementary listing of the  ordinary shares at the Nigerian Stock Exchange (NSE) increased the company’s total issued and fully paid up shares to 588.445 million ordinary shares.

    The supplementary listing implies that the beneficiaries can trade on their shareholdings, subject to the conditions for the award of the shares.

    Seplat opens today at the NSE at N685 per share.

    The firm’s Company Secretary, Dr Mirian Kene Kachikwu, said the distribution was in exercise of the powers granted to the board of the oil and gas company by the shareholders at the Annual General Meeting (AGM) held on June 30, 2014 to implement the initial public offering (IPO) award and other remuneration of the top management and directors as disclosed in the IPO prospectus.

    She said the 25 million shares were allotted to Stanbic IBTC Trustees Limited as custodian in furtherance of the company’s LTIP.

    After a highly successful global initial public offering (IPO) of $500 million, Seplat had made history in April 2014 as the first upstream company to be listed on the NSE. It also simultaneously listed its shares on the London Stock Exchange (LSE). The IPO was oversubscribed.

    Seplat was founded in 2009 by Shebah Petroleum Development Company Limited and Platform Petroleum (Joint Ventures) Limited for the purpose of investing in Nigerian oil and gas opportunities. Maurel& Prom, a French independent oil company, subsequently acquired a 45 per cent equity interest in SEPLAT; this interest was later spun-off to form Maurel & Prom Nigeria S.A, now known as Maurel & Prom International.

    In July 2010, Seplat acquired a 45 per cent participating interest in, and was appointed operator of, a portfolio of three onshore producing oil and gas leases in the Niger Delta (OMLs 4, 38 and 41), which includes the producing Oben, Ovhor, Sapele, Okporhuru, Amukpe and Orogho fields. Since acquisition, Seplat has more than tripled production from these OMLs.

    In June 2013, Newton Energy Limited, a wholly-owned subsidiary of the company, entered into an agreement with Pillar Oil Limited to acquire a 40 per cent participating interest in the Umuseti/Igbuku marginal field area within OPL 283.

  • 18-year Mobil, employees’ dispute nears resolution

    18-year Mobil, employees’ dispute nears resolution

    The Supreme Court has reserved judgment for April 20 in the case of 860 Nigerians employed by Mobil Producing Nigeria Unlimited. What will be their fate? ERIC IKHILAE reviews the case.

    About eight years after Mobil Producing Nigeria Unlimited lodged an appeal at the Supreme Court against the May 21, 2009 judgment of the Court of Appeal, Calabar, ordering it to accept responsibility for the 860 Nigerians it employed as security guards, the apex court has scheduled judgment for April 20 this year.

    The judgment will put to rest the about 18-year-old dispute on the status of the 860 Nigerians and the pains and misery to which they have been subjected since the company disengaged them under questionable circumstances when the dispute began.

    Court documents revealed that the Nigerian workers were variously employed in early 1990s by Mobil in its security unit. But for unknown reasons, the company chose to refer to them as: “SPY Police of Mobil Producing Nigeria Unlimited,” a decision that later created confusion over the actual status of the workers.

    On January 23, this year, a panel of five Justices of the Supreme Court, led by Justice Bode Rhodes-Vivour, chose April 20, 2018 for judgment after parties had argued and adopted their written briefs of argument in respect to the appeal marked: SC/33/2010 lodged by Mobil.

    Named as 1st to 15th respondents in the appeal (representing the 860 Nigerians) are Okon Johnson; Nkereuwem Akpe; Nsitighe Ikpam; Calistus Nwafor; Emmanuel Nwokezi; Eric Teenwi; Affiong Etim; Amangi Ala; Joseph Bamishaye; Godwin Tombra; Charles Okon; Dada Rotimi; Raji Lateef; Taiwo Laidi and Opubo Sukubo.

    Other respondents, listed as 16th, 17th and 18th, are the Inspector General of Police (IGP), Commissioner of Police, Akwa Ibom State and the Nigeria Police Council (NPC).

    Kayode Sofola, a Senior Advocate of Nigeria (SAN),  adopted the appellant’s briefs on January 23 this year, urged the court to allow his client’s appeal and set aside the May 21 judgment of the Court of Appeal, Calabar, which held among others, that it was wrong for Mobil to seek to evade its responsibility in relation to the 860 Nigerians, by claiming that they were employees of the Nigeria Police Force.

    Sofola insisted that the Nigerians, including the 15 listed in court papers (as representing the others) were supernumerary police officers, because they were administered the oath of allegiance, dressed in police uniform, availed all other police paraphernalia and trained by the police.

    He noted that the Nigerian workers described themselves, in one of their affidavits, as supernumerary police officers, which amounted to an admission that they were not employees of his client.

    Sofola also faulted the mode of commencing the case at the trial court, which he said, led to the denial of fair hearing to his client.

    In his notice of objection, Sofola argued that since the facts in the case were hotly disputed, the suit ought not to have been commenced by way of originating summons. He said the mode of commencing the suit denied his client the opportunity to lead oral evidence to support its claims.

    In a contrary argument, lawyer to the 1st to 15 respondents, Femi Falana (SAN) faulted Sofola’s claim that his clients were denied fair hearing.   He argued that there was nowhere in the appellant’s brief any evidence to show that its right to fair hearing was violated.

    Falana noted that the appellant did not, at the Court of Appeal, challenged the mode with which the suit was commenced at the trial court and could not now do so at the apex court. He added that the argument on fair hearing and the case cited by Sofola in support were irrelevant to the case.

    On the status of his clients, Falana argued that Sofola failed to provide any evidence that Mobil complied with the laid down procedure for the appointment of SPY policemen by the Nigeria Police Force.

    He noted that Mobil admitted that it conducted examination for the employment of the applicants at the trail court (the Nigerian workers), issued them with employment letters, sent them to the police for training and continued to pay their salaries through the police.

    Falana said: “It was Mobil Producing the conducted the examination for those they wanted to employment as security guards. Those, who passed, were issued employment letters by the company, but later sent to Police College, Calabar.

    As against the claim by Sofola that the Nigerians earn their salaries from the Nigeria Police Force, Falana argued that the salaries of the Nigerians were paid by  Mobil, but through the police.

    He added: “When this question arose, as to the status of the 1 – 15 respondents, the IGP clarified the issue that the responsibilities of Police regarding the SPY is mainly on training, upon the request of the employer.

    “On the face of the letter of employment, salaries and allowances paid by the appellant (Mobil) through the police, the findings of the lower court (Court of Appeal, Calabar) cannot be faulted.

    “The procedure for the application for SPY requires that an application be sent to the IGP, who will send it to the President for approval. That requirement was not complied with,” Falana said.

    He urged the court to reject the appeal and uphold the earlier decision of the Court of Appeal, Calabar on the issue.

    Lawyer to the IGP, Commissioner of Police, Akaw Ibom and NPC, Sebastian Ozoani did not file any process in response to the appeal, but did so in respect of the appeal by his clients, marked: SC/378/2010.

    Ozoani, while arguing his client’s appeal, faulted the contract between Mobil and the Nigerians. He, also faulted the letter of employment issued to them by Mobil.

    He said the letters did not contain the necessary elements required globally to qualify them (the employment letters) as valid ones.

    He urged the court to hold that the workers (listed as 2nd to 16th defendants in the second appeal) are employees of the Nigeria Police.

    In a counter argument, Falana argued that the appeal by the police lacked merit and was intended to waste the court’s time.

    Falana noted that the IGP, Commissioner of Police, Akwa Ibom State and NPC did not file any process when the case was before the Court of Appeal.

    He contended that “the case is about private contract between the 1st res and the 2nd to 16 res. It has nothing to do with the police. The IGP has said the police has no business with them beyond training them”.

    In 2000 a dispute arose about the status of the security guards, with Mobil claiming to have transferred their employment to the Nigeria Police Force (NPF). Mobil claimed it engaged them as SPY police personnel, and not actual staff; a claim the affected workers disputed, with some of them refusing to be transferred out of their stations.

    They alleged being victimised, with some sacked unceremoniously for insisting on right to being entitled to be treated as other employees of Mobil. They alleged that, aside from being subjected to harsh working condition, they were compelled to sign a document identified as “Mobil Producing Nigeria status agreement for supernumerary police service condition agreement.”

    The workers said although some of them succumbed and endorsed the documents, others stood their ground, and later sought the protection of the court by filing a suit at the Federal High Court, Uyo, Akwa Ibom State, marked: FHC/UY/CS/2004.

    In a judgment on January 24, 2006, Justice Gladys Olotu ruled in favour of Mobil. The judge said, among others, that although the Mobil did not fully comply with the requirement under the Police Act, in recruiting SPY policemen, it could be assumed that it complied, having substantially complied with some of the regulations

    The Nigerian workers appealed Justice Olotu’s decision at the Court of Appeal, Calabar, Cross River State, which rendered its judgment  on May 21, 2009 a nullity.

    A three-man panel of the Appeal Court, in its May 21, 2009 judgment, held among others, that the Nigerian workers were Mobil’s employees and ordered it to assume its responsibilities as they relate to the Nigerian workers. The panel comprised Justice Kumai Akaahs, Jean Omokri and Theresa Orji-Abadua.

    Justice Orji-Abadua observed, in the lead judgment, that: “It is clear in exhibits D and E (Mobil’s letters to the Police, requesting training for its security recruit) that the 1st respondent (Mobil) was referring to their own security men as Supernumerary Police recruit, and it wanted them to be trained by the Nigeria Police in respect of which it made application to the Commissioner of Police in charge of Cross River State.

    “In exhibit F (a November 1, 1996 letter by Mobil’s Security Advisor, B. O. B. Duke), the 1st respondent requested the Commissioner of Police to recruit its security personnel into the Police Supernumerary outfit.

    “It is clear therein that as at the date exhibit F was written, the appellants (the affected staff) had not, according to the 1st respondent, been recruited as supernumerary police officers.

    “It is also clear, in exhibit C2, that it is the 1st respondent, in the figment of its imagination and its hallucinating state, that offered the appellants employment in its security unit and described them as SPY Constables.

    “It is clear as crystal, in the processes filed before the lower court (Federal High Court) and the documents exhibited, that the 1st respondent and officers of the 2nd to 4th respondents (IGP, Akwa Ibom State Police Commissioner and Nigeria Police Council) were oblivious of the requirement of the law or its stipulations in so far as the requirements, employment/appointment of supernumerary police officers were concerned.

    “Undoubtedly, the hood does not make a monk. The fact that the appellants were described as SPY Police Mobil Producing Nigeria and were adorned with Nigeria Police uniforms and other paraphernalia cannot make them Nigeria policemen.

    “As a matter of fact, the appellants were made to believe they were being recruited into the Security Unit of the 1st respondent as the SPY police of Mobil Producing Nigeria Unlimited, but not as Nigeria Supernumerary Police officers,” she said.

    Justice Orji-Abadua further held that it was immaterial whether or not the appellants thought they were Nigeria Police SPY, and that what confers the status of a police on a person is not the wearing of uniform or being called a police, but the process of the person’s recruitment in accordance with the law creating his employment.

    She noted that: “Section 18(1) & (2) of the Police Act expressly stated the way and manner a supernumerary police officer will be appointed upon the application of the person desiring to take advantage of the services of police for protection of his property. It is clear that any step short of the ones prescribed by the Police Act will be null and void.

    “The appellants were not employed by the Nigeria Police Force and then appointed as Supernumerary Police Officers by the Police Service Commission on the directive of the Inspector general of Police for the protection of the 1st respondent’s property as envisaged by Section 18(1) & (2) of the Police Act.

    “They were and still are the employees of the 1st respondent since there was no affidavit evidence indicating that the appellants’ employment had been determined by the 1st respondent,” Justice Orji-Abadua said.

    It is this Court of Appeal’s decision that Mobil appealed to the Supreme Court and on which judgment has been reserved for April 20, this year.

  • Valid hacks for maximizing your employees

    Valid hacks for maximizing your employees

    If an organisation wants to walk FAST, it can walk alone; but if it must walk FAR, its best bet is in its employees.

    Once you employ a man, you employ his family. This statement holds true in any society regardless of its literacy rate, technological advancement, or economic system.

    This is because any person who seeks to be gainfully employed pursues, not just his own well-being, but that of his immediate family or in cases where such an individual is a loner bereft of family encumbrances, his future well-being.

    Getting the best out of that individual means his employer must motivate him in more than one front. And such motivations must come from a proven method which has been channeled through a perennial hunt for novel ways to increase his power of imagination, resourcefulness, creativity, and productivity.

    Similarly, in the quest for organizations to achieve set goals, it is however, important to note that maximum participation is required. And for any organization to achieve maximum participation from its employees, they have to give their maximum support in return. This support can come in the form of salary raise, and it may also come in form of training.

    This is necessary because every organization seeking to be relevant must continue to train and retrain their staff in order to keep up with trends and industrial innovations.

    Staffers lagging behind in terms of training may not be able to keep up with the dictates of time, which may consequently discourage and make them lose interest in their jobs.

    Another way the support can come is in the way of employee welfare. This can also come in form of paid sabbaticals, tangible allowances, flexible salary schemes and bonuses.

    Motivation in terms of monetary reward is not enough, this is essentially why Douglas McGregor’s Theory Y underscores the importance of an effective reward system which eschews considerably from the monetary reward scheme.

    An employee who has spent a considerable amount of years in an organization needs to be constantly self-conscious of his weighed value to his employers. This awareness can be permanently planted if, according to McGregor, rewards are put in place to address higher needs such as self-fulfillment.

    In fact, when an employer successfully exploits this reward system, McGregor added that the employee will seek out responsibilities himself and not wait for them. More than all the aforementioned points is an enabling environment for the employee to thrive.

    There are more “bosses” than team players in most organizations today. Bosses in quote because these individuals overtly dwell on criticizing their employees. They are constantly harping on the mistakes and weaknesses of their staff. Instead of being guided, the employees are teleguided. Instead of focusing on how to leverage on the strengths of their staff, employers use their weaknesses to talk them down.

    This kills the morale and any potential the employee might have in contributing meaningfully to the growth of the organization. The employee draws back from making any input because he knows it will be met with stiff dismissal and cold rebuff. The harmful impact this will have on his productivity is better imagined.

    All these shows that the employee clime on this side of the globe happens to be one particularly hardwired to ensure the certainty of failure. Most employers have assumed the sordid habit of not paying employees’ salary on time, but has made it a gleeful hobby to owe them for months.

    Added to this is a widespread red tape and superfluous bureaucracy quite inessential in this age of borderless maps. How then do you expect a modicum of motivation from the employees?

    Imagine, for a moment, a boss who talks a lot. He doesn’t hold regular meetings with his staff and once he does, he hardly takes any opinion contrary to his own. Once a staff says something that negates his view, he immediately creates a wall.

    Again, he asks too much of everyone. He expects his staff to do a job he or she is not trained for. He employs a staff as a script writer, but sometimes, he or she does the job of a human resource officer; and there is no commensurate reward for the additional work.

    And this is a job the staff should be prepared for before he or she is asked to do it. How would such an employee cope in such an environment? We must note that no working environment is perfect, but there are working environments that does not bring out the best in the employees.

    Being a leader does not mean that you have to be in the front all the time, it has gone beyond that. Leadership is all about achieving results using other people.

    Therefore, it is the inalienable function of management to mine the latent potentials in its employees through policies which will help the employees see themselves not only as workers, but also as major contributors to the overall success of the organization.

    This shows that for the employees to thrive and to reach their full potential, all the aforementioned barriers need to be removed from the working environment.

    Management should also encourage their staff to take on added responsibilities (in tandem with extant trainings) that they are okay with. This will help them apply and effectively put to good use the trainings they receive in their organization from time to time.

    Not giving a trained employee more responsibility is like buying a Corvette, which is a sports car, and only driving it 10 miles per hour. It means you’re ignoring all the potentials and even misusing the car.

    What’s the point of buying a sports car if you’re not going to put your foot to the pedal! This is the case when management does not allow the employees more opportunities to explore and do more in the organization.

    Regular meetings with the employees is also important. This is usually the point where all forms of challenges hampering work progress is discussed and fresh ideas are juggled. If all these are done, no employee should expect his employer to perform below par.

  • UBA promotes 3,000 employees

    UBA promotes 3,000 employees

    nited Bank for Africa (UBA) has announced the promotion of 3,000 employees.
    This, it said, reinforced its commitment to human capital investment and career progression.
    In a letter written on Monday to employees, the CEO, Kennedy Uzoka said: “Since my recent appointment as GMD/CEO, one of my priorities has been to address the needs of our people. I strongly believe that if we take care of our people, our people will take care of our customers – our ultimate employers.
    “Investment in our human capital is critical to our success. It is a product of our ability to invest for the long term and create an institution that is built to last. It is the bedrock of our determination to be Africa’s leading customer focused bank.”
    In addition to the Group-wide promotion, Uzoka unveiled a new Workforce Model and an extension of the existing Group car loan benefit, to 1000 previously ineligible staff. These policies are in direct response to staff feedback from the Employee Engagement Survey, which the CEO says has helped define current and future human capital investment. The revised Workforce Model democratizes access to leadership roles and opportunities at the bank. All staff – regardless of track – can now aspire to leadership roles, if objective requirements are met. Reforming the Leadership and Service Tracks disparity, which had been a source of frustration for some staff who had to convert tracks to advance professionally, illustrates again UBA’s commitment to creating an environment where talent and merit are rewarded.
    Group Chairman Tony Elumelu congratulated UBA’s executive management, as he noted the current challenging business environment. He encouraged the industry to follow UBA’s lead, in putting its workers first. “Promoting at this scale and creating career opportunities for staff at a time like this is an indication of industry leadership and worthy of emulation. It is no accident that this is occurring after the announcement of our strong 2016 results and as our shareholders receive dividends later this week. We want all our key stakeholders to share our success.” The Chairman continued in praise of the bank’s equitable policy, “I commend the bank for creating robust and meritocratic career opportunities for all staff at a time when some in our industry are downsizing or casualizing staff. This is truly remarkable.”
    UBA recently announced N384 billion earnings for 2016, an impressive 22% growth over performance in 2015 and also grew profit before tax by 32% to N91 billion. The strong performance also reflects the imbedded culture of customer service, driven by high employee engagement and satisfaction.
    UBA’s commitment to its broader pan-African network was reflected in a series of awards, including five ‘Bank of The Year’ awards for Gabon, Congo-Brazzaville, Senegal, Cameroon and Chad at the annual Bankers Award in London and the 2016 EMEA Finance Banking Awards by leading financial publication EMEA Finance Magazine.
    Uzoka ended his letter on an uplifting note, urging UBA employees – Lions and Lionesses – to “continue to embody UBA core values daily – in our endless quest for Excellent Service…Delivered!” This advice is timely as staff enter the final stages of preparation for the Group Chairman’s Forum which commences on Wednesday April 5th and features a series of events, including the Group AGM and the highly-anticipated annual UBA CEO Awards. During the Forum, the Bank’s senior executives will share and learn from best practices across UBA’s 18 African subsidiaries and its operations in New York, Paris, and London, reflect on Group performance in the past year, and identify ways to enhance growth in the short, medium and long terms.

  •  NIPCo honours 25 worthy employees

     NIPCo honours 25 worthy employees

    Twenty-five employees of NIPCo Plc have been honoured for their long services. They had served the company for 10 years.

    NIPCo said the members demonstrated diligence and commitment for 10 years.

    Its Managing Director, Mr. Venkataraman Venkatapathy, said the company placed utmost value on the contribution of the workforce in its meteoric rise since it began operations in 2004.

    According to him, recognising the workers at the event was in appreciation of their long association  with the company. He dded that the management looked forward to their serving the company for more 20 years without breaking their service.

    Venkatapathy praised the resilience, perseverance and dedication of the awardees, especially given the tough operating environment in the sector. He added that the workers had always shown great sense of commitment to growing the company beyond its peers.

    He said a decade of service was a feat, which should not be taken for granted but a great lesson for younger workers to emulate and draw inspiration fromh.

    Advocating extra efforts to take the company to greater heights, Venkatapathy assured the workers of the management’s commitment to facilitating an enabling environment which would further create  an avenue for glorious service by employees.

    The Executive Director (Finance), Mr. Ramesh Virwani, praised the doggedness of the awardees, who have committed a decade of their lives to NIPCo, adding that their  contributions would be acknowledged at all times.

    The company’s Head of Human Resources, Mr. John Okpeku, said a similar event was held in 2014.

  • 200,000 N-Power employees for verification before deployment

    The 200,000 graduates offered jobs by the Federal Government under the N-Power Volunteer Corps (NPVC) will face physical verification before deployment in their areas of service, the Presidency said yesterday.

    Over 90 per cent of them have been verified using the Bank Verification Number (BVN).

    A statement by the Senior Special Assistant on Media and Publicity Laolu Akande, warned that any untrue information submitted during the application process is a ground for disqualification.

    He said all states and the FCT through the focal persons appointed had received the list of the 200,000 employees. They are working on deploying beneficiaries in their places of assignment.

    He explained that by using the BVN which is one of the most viable means of identification in the country today, there is hardly a way anything fraudulent could sail through the process.

    “We are confident that the selection process, all the way through with the BVN, and physical verification at the points of deployment in the states and the local government areas, are both transparent and impossible to abhor ghost beneficiaries, or any kind of fraud,” he said.

    According to him, 93per cent of those selected have been screened through the BVN, with the commendable assistance of the Nigerian Inter-Bank Settlement System Plc, NIBSS, and only authentic and verifiable beneficiaries will be paid the N30,000 monthly stipends starting December.

    He said: “Besides the BVN, there is going to be physical verification, through an in-built component in our selection system that requires that information submitted online during the application would have to be authenticated at the point of deployment across the country, including verification of academic credentials and residence status.

    “Claims about some applicants claiming to be residents of states would be dealt with if it turns out such claims are false. If an applicant cannot supply proof of residence, the selection is terminated.

    “There is a good chance that some applicants may have failed to complete the forms online accurately. Such errors are being reviewed and anyone found not to be resident in the Local government would be removed and replaced using the waiting list of applicants.

    “An important aspect of the application was that applicants were told in clear terms that any false information would be grounds for disqualification.” he added

  • Power firm employees pledge improved service

    Employees of the Niger Delta Power Holding Company (NDPHC) have pledged support to the new management of the firm, appointed last week by the government, to deliver on power projects.

    General Manager, Communication and public Relations, Mr Yakubu Lawal who confirmed this in a statement at the weekend, said workers never protested the appointment of a new chief executive.

    “The dissolved Executive Directors were appointed in 2015 while the former Managing Director spent 10 years as Chief Executive Officer of NDPHC,” Lawal said

    To give fillip to its plan to improve electricity supply the Federal Government last week dissolved the Executive Management of NDPHC and appointed an acting Managing Director.

    At a town hall meeting to welcome Mr.Chiedu Ugbo, as the new MD, they pledged their total support for the effective delivery of NIPP projects thereby boosting power supply stability in the country.

    The workers also believed that NIPP has played a vital role in the power infrastructure development across the country and assured the new managing director that they are ready to raise the bar so that all on-going NIPP projects will be delivered within the schedule and look forward to kick start the phase II projects of the company.

    Acting Executive Directors and Senior Managers who spoke on behalf of the workers told the new Managing Director that NDPHC relates like a family and urged him to sustain the family ties in the company.

    “We are like family, these young men and women are ready to work with you and support you,”

    Mr. Ugbo requested them to cooperate with him to sustain and increase the momentum of project delivery for the benefit of all Nigerians. “I know that it may be difficult to adjust to this change considering the fact that everybody is used to previous management but we have work to do and need everyone’s cooperation to deliver projects to Nigerians’ Ugbo said.