Tag: expands

  • Before PMB expands the jailhouses

    Fresh from his 10-day working vacation in the British capital at the weekend, the media pointedly put the question to President Muhammadu Buhari on what Nigerians should expect from him going forward.

    “More Nigerians”, he said, “are expecting that we are going to jail more of the thieves that brought economic problems to the country. I think that is being expected of ME and I will do it”.

    No one, it seems to me, ever doubted where the president stood on the monster called corruption. However, if the expectation was that the rest period in the United Kingdom would have afforded our president ample time for deeper, perhaps more comprehensive reflection on those seemingly intractable problems that have hobbled past and current efforts to build a united, peaceful and prosperous country, it must have come to many as disappointing that he almost instinctively, relapsed into his now traditional default mode of chasing after the wind of the ‘looters’ of our commonwealth.

    To start with, it should alarm Nigerians that the president will implicitly and perhaps most cavalierly, discount the strictures embedded in our constitutional order simply to press the case against the so-called looters even when they are yet to be put to trial. As far as yours truly can see, the president, as the symbol of executive authority, could cause the building of as many jailhouses as the national appropriation would permit; he could even sign as many executive orders to address perceived lacuna in the existing laws as he deems fit – the most recent being Executive Order No 6 which seeks to restrict the use of suspected stolen funds; nowhere in the constitution, it needs to be made clear, is the president empowered to declare any Nigerian a looter any more than the presidency could procure any extra-legal measures to put any citizen out of circulation – no matter how heinous or grievous the perceived misdeed might be.

    That role, it bears stating, belongs exclusively to the judiciary.

    That a president sworn to the observance of the due process and of the law would harbour such exaggerated notion of presidential powers would seem to me at the heart of all that is wrong with our country. The same would apply to the anti-graft and security agencies, all of which, in the frenzy of the moment forget that they are in fact creations of law, going overboard with mindless activism – despite the clear delineation of their roles as investigative and prosecutorial bodies – all in the cause of a so-called presidential anti-corruption agenda.

    No doubt, the president may be right in his assumption about Nigerians sharing his revulsion for corruption. Most likely, they do. After all, they bear the direct consequences of the uncountable billions routinely filched from the treasury – monies that could have been judiciously deployed to improve their living conditions. What is debatable is whether they – by this I mean citizens – would tolerate means that are more foul than fair all in the name of stanching out the scourge. This is even more so, from a presidency, which although imbued with such awesome powers, have neither enhanced the institutional capacity of the anti-graft bodies to do the hard work, nor evolved a coherent strategy to stop corruption from budding.

    Let me preface this by admitting that the president has done quite a lot to bring corruption into the front burner. Perhaps more than all the previous leaders before him, he has deployed the moral force of the bully pulpit to awaken Nigerians to the consciousness of the scourge as a lethal, not-too-silent killer of nations. The implementation of the Treasury Single Account (TSA), for instance, has not only eventuated in massive curbs in wastes in the federal bureaucracy in particular, it has somewhat, streamlined our public finance and its unfathomable processes. As it is, gone as it were, is the era where public officers, did as they pleased with public funds, only because their helmsmen thought little of the appropriation process.

    Of course, we have seen a new zeal on the part of the anti-graft institutions to confront the menace, even if the agencies are still largely light years behind as far as the cutting edge technology required for the fight is concerned. This we must also admit is when showmanship is not allowed to undermine the rigour of due diligence needed to deliver. And with the judiciary recently providing a spark in what had hitherto proven to be an unwinnable war, a country primed to confront the un-silent killer has finally begun to emerge.

    Clearly, while the economy may not have returned to robust health, the mindless haemorrhage is increasingly becoming history.

    As important as these are, they are certainly not sufficient to deal a fatal blow on corruption. That factor, long lost in the current treatise on corruption in these parts, would again be missed by President Buhari in his single-minded resolve to herd the nation’s colony of looters into the jailhouse. That factor, if I may put it simply is the push for a fairer, more just and equitable society.

    Surely, the fight is certainly not exclusively that of the executive to fight. While the president could prod the anti-graft agencies to investigate corruption whereever found, the job of determination or exculpation from guilt obviously lies with the judiciary. To go beyond that is to undermine the institutional integrity without which the body is at once reduced to an executive lackey.

    But the more fatal is the assumption that the anti-corruption stands any real chance without a deliberate move to expand the frontiers of opportunity for everyone.

    To be sure, that factor boils down to the basic question of how a diligent worker is expected to own a home without a mortgage system in place without dipping his finger into the treasury; we are not even talking here of a pensioner, who, after, toiling faithfully for 35 years in public service has nothing of shelter to boast of. Or a young man, who after spending more than decade in employment and on a salary that would hardly suffice to take him home, and with all the societal pressures, is nonetheless expected to cough out more than a million cash upfront to purchase a car in the absence of a functional credit system.

    And we sure know how rents and wages are paid in these parts; whereas the former are in advance, sometimes as many as two years; the latter, which comes in trickles, are oftentimes hopelessly in arrears, sometimes for as much as six months as we have seen in some of the states in recent time!

    That is the reality of our society.  Time we began to evolve  functional institutions in credit delivery.

    It is not too late for the president to ponder on these even as he moves to expand the jailhouses.

  • Glo expands unfair advantage to 4G MiFis

    Glo expands unfair advantage to 4G MiFis

    Globacom has introduced a new offer that has sustained the frontiers of unfair advantage for its teeming subscribers.

    In a statement, the company announced the bundle offer of the network’s mini router, Glo MiFi, with 16 gigabytes of data for just N16,000.

    The company said with the rock bottom price, “it is as good as being given out free of charge, considering the worth of the free data bundle.”

    The 4G MIFI can connect up to 15 devices, including Smartphones, tablets, laptops, desktops and others at once.

    The Glo MiFi can also serve offices and events venues due to its capacity to beam the Glo 4G wireless internet signals over a wide expanse of space.

    Upon activation, Globacom said: “You will get the 16GB and it will be spread over 12 months”. Another advantage of the  Glo 4G MiFi is its network power  which comes with high speed internet service backed up by Glo1, the company’s transatlantic submarine cable.

    According to Globacom, the Glo MiFi data bundle is in continuation of the company’s latest campaign to give the subscriber the unfair advantage in data.

    It comes also at a time that the network has renewed its commitment to continue giving its subscribers the best data bargain in the industry.

    Announcing a new price regime for its data packages recently, the company said it maintains the best data rates in the industry.

    “ Glo offers the most lucrative data plans thereby still maintaining superb advantage  to its prospective and existing subscribers on both 3G and 4G,  the statement said”, “We are  ensuring that customers still enjoy the unfair advantage which gives them the privilege of browsing, chatting, streaming, downloading, uploading and lots more in the data space. These data plans are simply unbeatable,” it concluded.

    In the new data price regime,  in  addition to the base data bundle, which is already above market standards for every amount subscribed, all subscribers will also have an extra 25 per cent as bonus for those who renew their data plans before expiration.

    This means that for new subscribers and those who renew before expiration of their plans, a N100 subscription, for instance, will fetch a total of 100MB; a N200 will get 262MB; a N500 will get 1GB and a N 1,000 will get 2GB. Also N2,000 will attract a 4.5GB data bundle; a N2500 subscription will attract 7.2GB data bundle. All figures include the 25% bonus.

    For big data users, Globacom has equally attractive bundles. It offers 12.5GB for a N4,000 recharge; 15.6GB for a N5,000 subscription, while a N10,000 subscription will fetch a  whopping 32.5GB. For N20,000, the subscriber will have as much as 78.75GB. In addition to the unmatched data volumes, the data plans by Glo are the most comprehensive in the industry as all categories of subscribers have a wide category of plans to choose from, ranging from N25 to N20,000 bundle.

  • Babatunde Okewale expands business scope

    Babatunde Okewale expands business scope

    At a time when the focus is on commercialism and pure profiteering from the needs of the teeming masses, many private medical practitioners have forgotten the Hippocratic Oath they swore to, and turning the noble profession into avenues to amass fortunes. The story is different for Dr Babatunde Okewale, the Chief Medical Director at St Ives Specialist Hospital. The ambitious man has been making a difference in the medical industry, growing the St Ives brand from its humble beginnings 20 years ago to its current status as the destination of choice for people seeking top class medical attention in the country.

    The Ikeja and Ikoyi branches of St Ives have been catering for those with health challenges in the areas of obstetrics and gynaecology. Come October 31, the hospital, under the leadership of Dr Okewale, is set to expand into specialist family care with the launch of St Ives Hospital First Family Clinic on Mojidi Street off Toyin Street, Ikeja.

  • Sterling Bank expands to Shagamu

    Sterling Bank expands to Shagamu

    Sterling Bank has opened a branch in Shagamu, Ogun State. The expansion, the lender said in a statement, is in line with its focus on the retail end of the market and quest to deliver quality banking services to customers.

    The new branch is located on Akarigbo Road, the main commercial nerve centre in the city. The Bank has also embarked on the remodeling of about 40 of its branches nationwide to reflect its retail positioning.

    The new branch was declared open by Oba Micheal Adeniyi Sonariwo (Akarigbo of Remo Land Sagamu) who was supported by Oba  Gisanrin Lasisi Moibi (Oba Odofin Sonyindo Sagamu) and Oba Mufutau Sanni (Oba Aminisan Sagamu)

    The lender had towards the end of last year, opened new branches in Festac Town, Owode Onirin, a retail market that deals with motor spare parts along Ikorodu Road, Itire, and Awoyaya all in Lagos. Others are the NNPC Depot in Mosimi in Ogun State, Eziukwu in Abia, Birin-Kebbi in Kebbi, Rumuola and Onne in Port Harcourt and Bank Road in Ekiti.

    The new branch is an addition to the Bank’s expanding branch programme  just as more locations will be added in the coming months to enable it achieve its 200 mark before the end of the 2015 financial year. The Bank’s total branch network currently stands at 176.

    The bank’s Group Head, Strategy & Communications, Mr. Shina Atilola, said the opening of Shagamu branch is part of the on-going branch expansion strategy to expand the bank’s operations and branch network across the country to enable it deploy its services to all parts of the country and leverage on this to successfully increase its share of the retail end of the market.

  • FirstBank expands to DR Congo

    FirstBank expands to DR Congo

    First Bank of Nigeria Limited, a subsidiary of FBN Holdings PLC and Nigeria’s most valuable bank brand today unveils FBNBank DR Congo, formerly registered as Banque Internationale de Credit (BIC).

    In 2011, FirstBank acquired 75 per cent equity interest in BIC and immediately reinforced it as one of the strongest banking institutions in the DRC. Following the recent approval by Central Bank of Congo (BCC), the Banque Internationale de Credit has now become FBNBank DR Congo, a subsidiary of First Bank of Nigeria Limited.

    FBNBank DR Congo is strategically positioned to foster greater collaboration and provide better service for the country’s public and private sector clients, and the general public at large.

    The launch further consolidates FirstBank’s position as the largest corporate and retail banking financial institution in sub-Saharan Africa (excluding South Africa) with presence in Ghana, Guinea, Gambia and Senegal as well as presence in the UK and representatives offices in Johannesburg, Paris, Abu Dhabi and Beijing, China. The expansion represents FirstBank’s strategic objective to maintain significant market share, expand its pan-African footprint and diversify earnings while delivering value to shareholders.

    With over 35 branches in DRC, FBNBank DR Congo leverages FBN’s international network, business expertise, which is part of the diversified synergies of the FBN Group to offer innovative, convenient and secure banking services to its customers and better seize the emerging opportunities of the market.

  • FirstBank expands footprint to Ghana

    FirstBank expands footprint to Ghana

    Following the agreement reached by First Bank of Nigeria Limited and International Commercial Bank Financial Group Holdings Ag (ICBFGH) for the acquisition of a 100 per cent equity interest in ICB Ghana, FirstBank yesterday announced the launch of FBN Bank Ghana.

    As a result of this acquisition FirstBank has consolidated its position as the largest corporate and retail banking financial institution in sub-Saharan Africa, excluding South Africa.

    The transaction is in accord with FirstBank’s stated ambition to win significant market share, expand its pan-African footprint and diversify earnings while delivering value to shareholders.

    Speaking at the launch in Ghana, Managing Director of FirstBank, Bisi Onasanya, said: “The acquisition of ICBGFH assets in Ghana fulfills the first stage of our ambitions to steadily build a broader and more diverse footprint across Africa. We are committed to developing a multi-local business model that broadens our geographic revenue base while providing enhanced service delivery to our new customers and equity participation to local investors.”

    CEO, FBNBank Ghana Seyi Oyefeso said having built value for Nigeria over the last 120 years, FBNBank is poised to do even more in the Ghanaian financial markets.  FBNBank provides customers with a collection of banking solutions that make their financial lives less cumbersome and stressful.

    Head, Marketing and Corporate Communications, Folake Ani-Mumuney said the bank’s brand is at the heart of the holistic experience it seeks to deliver to its stakeholders, an essential part of retaining patronage and the competitive edge that keeps the lender at the coveted position of market leader.