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Tag: Segun Agbaje

  • Tinubu condoles with Jimi, Segun Agbaje over mother’s passage

    Tinubu condoles with Jimi, Segun Agbaje over mother’s passage

    President Bola Ahmed Tinubu has extended heartfelt condolences to Jimi and Segun Agbaje, as well as the entire Agbaje family on the passing of their mother and a revered educator and community leader, Margaret Olabisi Agbaje.

    Mrs. Agbaje, who peacefully passed away on March 5, was a trailblazer in the education sector and a pillar of the Catholic community in Nigeria.

    She served as a mathematics teacher at Holy Child College in Lagos (1953–1959), a tutor at St. Joseph’s Teacher Training College in Surulere (1960–1971), and later as Headmistress of St. Catherine’s Model School also in Surulere (1971–1982).

    In a statement yesterday in Abuja by his Special Adviser on Information and Strategy, Bayo Onanuga, President Tinubu lauded her lifelong dedication to teaching and nation-building, describing her as “a beacon of learning, discipline, and kindness”.

    The President noted that her greatest fulfillment came from the success of her students, many of whom went on to excel in various fields.

    Read Also: CBN to contain naira volatility with forex inflows

    “Mama Agbaje’s life was a testament to kindness, humility, and unwavering dedication to education. To her students, her greatest fulfilment was seeing their triumphs,” he said.

    Beyond her contributions to education, Mama Agbaje was deeply committed to her faith, serving as President of the Catholic Women Organisation (CWO), Lagos Ecclesiastical Province, and holding key leadership roles in the church.

    The President urged the Agbaje family and all those mourning her loss to take solace in her enduring legacy.

    “May her goodness be a lasting memory to all whose lives she enriched,” he said, praying for the peaceful repose of her soul.

  • Tinubu condoles Jimi, Segun Agbaje over their mother’s passage 

    Tinubu condoles Jimi, Segun Agbaje over their mother’s passage 

    …hails Mama Olabisi Agbaje’s legacy

    President Bola Ahmed Tinubu has extended heartfelt condolences to Jimi and Segun Agbaje, as well as the entire Agbaje family, on the passing of their mother, Margaret Olabisi Agbaje, a revered educator and community leader.

    Mrs. Agbaje, who peacefully passed away on March 5, was a trailblazer in the education sector and a pillar of the Catholic community in Nigeria. 

    She served as a mathematics teacher at Holy Child College, Lagos (1953–1959), a tutor at St. Joseph’s Teacher Training College, Surulere (1960–1971), and later as Headmistress of St. Catherine’s Model School, Surulere (1971–1982).

    In a statement issued on Sunday by his Special Adviser on Information and Strategy, Bayo Onanuga, President Tinubu lauded her lifelong dedication to teaching and nation-building, describing her as “a beacon of learning, discipline, and kindness”.

    He noted that her greatest fulfillment came from the success of her students, many of whom went on to excel in various fields.

    Read Also: Future of Nigerian democracy tied to women participation in electoral process, says INEC

    “Mama Agbaje’s life was a testament to kindness, humility, and unwavering dedication to education. To her students, her greatest fulfilment was seeing their triumphs,” the President remarked.

    Beyond her contributions to education, Mama Agbaje was deeply committed to her faith, serving as President of the Catholic Women Organisation (CWO), Lagos Ecclesiastical Province, and holding key leadership roles in the church.

    The President encouraged the Agbaje family and all those mourning her loss to take solace in her enduring legacy.

    “May her goodness be a lasting memory to all whose lives she enriched,” he said, offering prayers for the peaceful repose of her soul.

  • GTB congratulates Buhari on re-election

    The Guaranty Trust Bank (GTB) has congratulated President Muhammadu Buhari on the renewal of his mandate by the electorate.

    This was contained in a letter addressed to the President and signed by the Chief Executive Officer, Segun Agbaje, on behalf of the Board, Management and Staff of the bank, reads inter alia:

    READ ALSO: GTB launches music platform Habari

    He said; “Your re-election rewards a tireless commitment to serving the Nigerian people. It is also the greatest achievement of an exceptional campaign that demonstrated the strength and maturity of Nigeria’s democracy to the entire world.

    “In re-electing you as President, the Nigerian people have embraced change, hope and confidence in your leadership. Undoubtedly, the trust placed in you for the second time by the citizenry will be a source of great inspiration to continue the good work which will steer Nigeria firmly on the path of development,” he added.

    The bank also wished President Buhari continued success.

  • Osun 2018: INEC presents voters’ register to political parties

    The Independent National Electoral Commission (INEC) on Thursday presented soft copies of voters’ register for the Sept.22 Osun governorship election to the 38 political parties participating in the election.

    Mr Segun Agbaje, the Resident Electoral Commissioner (REC) in Osun, presented the register to the representatives of political parties at the INEC office in Osogbo.

    Agbaje said that some political parties had approached him to collect the register individually, but he insisted that the copies must be distributed to all the parties at the same time.

    He said the presentation of the register was in line with INEC’s guidelines, urging the political parties to call the commission’s attention to any wrong they discovered after going through the document.

    He assured the parties of INEC’s neutrality, advising them to promptly report any officer of the commission found culpable of wrong doing, including himself, to the national headquarters of the electoral body.

    Agbaje gave the parties the details of the efforts INEC had made in the compilation of the register in order to ensure a successful election in the state.

    The resident electoral commissioner appealed to the representatives of the political parties to inform the electorate about the importance of Permanent Voter Cards (PVCs) during the election.

    “As we speak, majority of the non-sensitive materials that would be used for the conduct of the election have been received from INEC headquarters, Abuja, and distributed to INEC offices across the state.

    “Furthermore, a total of 1,152,773 PVCs have been collected by their owners out of 1,668,524 received in the state, leaving a balance of 515,751 as at Aug.17.

    “It is important for you to help us to inform the people on the need to collect their PVCs during your campaigns and rallies, because without PVC, nobody would be allowed to vote.” he said.

    Mr Adedeji Shoyebi, INEC National Commissioner in charge of Oyo, Osun and Ekiti said the presentation was to enable them verify the voters and fish out underage persons and foreigners included in the list.

    He said that it was sad that over 500,000 PVCs had yet to be collected out of the over 1.6 million produced for registered voters in the state.

    He said that meant that about one-third of voters in the state had yet to collect their PVCs and might not vote during the election.

    Shoyebi warned that the commission would not tolerate vote-buying and violence during exercise.

    The national commissioner warned that anyone caught in the act of violence or inducing voters with money would face the full wrath of the law.

    He, however, advised the political parties to call on the electorate yet to collect their PVCs to do so, urging them to also sensitise their members, especially the youths, to eschew violence during the election.

  • Osun 2018: INEC promises free, transparent poll

    The Resident Electoral Commissioner in Osun State, Mr. Segun Agbaje, on Thursday assured that the Independent National Electoral Commission  would conduct a transparent and violence-free election in September 22 Osun State.

    Speaking at a meeting with the stakeholders including the governorship candidates, their running mates and party officials, he called for their cooperation.

    Agbaje said the INEC would  collaborate with security agents to prevent vote buying during the poll.

    Read Also: 2019: INEC meets NASS leadership over budget

    The INEC boos, who said telephones would be allied to be used by voters during the election, revealed that many electorate after calling money from politicians will use the device to snap images of where they have voted as an evidence of keeping to an agreement with them.

    According to him, vote-buying was an electoral offense punishable under the law.

    He said: “We won’t allow any voter to go to the polling booths with cell phones. So, if nobody carries his phone to vote there won’t be anything to show that this where they cast their votes.”

  • INEC swears in seven new RECs

    Independent National Electoral Commission ( INEC ) has sworn in seven new Resident Electoral Commissioners (RECs) bringing the total number of serving RECs in the commission to 33.

    Performing the ceremony on Tuesday in Abuja, INEC Chairman, Prof. Mahmood Yakubu, expressed confidence that the new RECs would contribute to the commission’s determination to make 2019 general elections the best in the country.

    He said “with the track records of service in the academia, public service and private sector, it is gratifying to note that the new RECs made positive contributions to the society in various ways.

    “I am equally delighted to note that some of you have managed elections at national level as RECs.

    “I am confident that you will bring to bear on your new assignments, the experience of the recent past that will contribute to our determination to make the 2019 general elections our best elections in Nigeria.”

    Yakubu advised the new commissioners to maintain openness and consultations, as well as be firm and courageous in carrying out their new assignments.

    The chairman disclosed that in addition to the Ekiti and Osun governorship elections, the commission would be conducting four bye-elections this year to fill vacancies.

    These, according to him, include Takum state constituency in Taraba, Lokoja/Koton-Karfe Federal Constituency in c, Bauchi South Senatorial District, and Kastina North Senatorial District in Kastina State.

    The INEC boss reassured newly registered voters in the ongoing nationwide Continuous Voter Registration ( CVR ) of getting their Permanent Voter Cards ( PVCs ) before the 2019 general elections.

    He added that “we have consistently reassured the public that for those who registered in 2017, their PVCs would be available for collection in the first week of May 2018.

    “Those who registered in the first quarter of this year, that is between January and March, as well as those who are registering right now in the second quarter of this year, would collect their cards thereafter.”

    Yakubu also reassured the public and those who applied for replacement of their PVCs that their cards would be available for collection before the 2019 general elections.

    Read Also: Wanted: An ‘independent’ INEC

    “For those who registered in Ekiti and Osun in 2017 and 2018, priority attention was given to the production of their PVCs, such that all the cards would be available ahead of the July 14 and Sept. 22 governorship elections,’’ he said.

    Responding on behalf of the new RECs, Mr Segun Agbaje, representing Ekiti State, pledged the new commissioner’s readiness to justify the confidence reposed in them.

    He said “by the grace of God, we shall finish well.”

    He expressed confidence in the leadership of Yakubu, saying “with your style of leadership, we would
    not be surprised if 2019 elections turned out to be the best elections in the country.”

    The new RECs are: Mr Baba Yusuf and Mr Segun Agbaje, representing Borno and Ekiti states for second term.

    Others are Dr Uthman Ajidagba, Kwara;  Yahaya Bello, Nasarawa State; Dr Emmanuel Hart, Rivers; Mohammed Ibrahim, Gombe and Dr Cyril Omorogbe, Edo.

    NAN

  • Senate confirms seven RECs, stands down one nominee

    Senate confirms seven RECs, stands down one nominee

    The Senate on Wednesday confirmed seven out of the nine nominees for the position of Resident Electoral Commissioners (RECs) of the Independent National Electoral Commission ( INEC ).

    They are Baba Yusuf (Borno), Dr Uthman Abdulrahman (Kwara), Mr Segun Agbaje (Ekiti) and Dr Cyril Omorogbe (Edo).
    Others are Yahaya Bello (Nasarawa) Dr Emmanuel Hart (Rivers) and Mohammed Ibrahim (Gombe).

    The confirmation followed a successful screening of the nominees at the committee level and adoption of report submitted during plenary by Chairman, Senate Committee on INEC, Sen. Suleiman Nazif.

    It would be recalled that President Muhammadu Buhari in December asked the Senate to confirm nine INEC RECs in line with section 154 (1) of the 1999 Constitution.

    However, the nominee of Akwa Ibom, Elder Monday Tom was stepped down while that of Osun, Eric Olawale did not turn up for the screening.
    Presenting the report, Nazif said of the nine nominees referred to the committee for screening, only eight showed up.

    He said that the nominee for Osun did not communicate to the committee reasons for his absence.

    According to him, Tom, the nominee for Akwa Ibom state was stood down for further legislative action.

    “Other seven nominees were duly cleared by the relevant security agencies and the Code of Conduct Bureau,’’ he added.

    In his remark, the President of the Senate, Dr Bukola Saraki commended members of the committee for their diligence during the screening process.

    NAN

  • GTBank gets double honors at Euromoney Awards

    GTBank gets double honors at Euromoney Awards

    ….. Wins Nigeria’s Best Bank & Africa’s Best Bank for SMEs

    Foremost African financial institution; Guaranty Trust Bank plc reaffirmed its position as a leading global brand with its recent recognition as ‘Nigeria’s Best Bank  & Africa’s Best Bank for SMEs’ during the 2017 Euromoney Awards which held in London on Thursday, July 06, 2017 at the prestigious Tower of London.

    Now in its 26th year, the Euromoney Awards for Excellence covers more than 20 global product categories, best-in-class awards and the best Banks in over 100 countries around the world by recognizing institutions that have demonstrated leadership, innovation, and momentum in the markets they operate. In selecting its recipients, Euromoney combines quantitative and qualitative data to honor institutions that have brought the highest levels of service, innovation and expertise to their customers.

    According to Mr. Clive Horwood, Euromoney Magazine’s Editor, “Nigeria went through a difficult year, as low oil prices and capital flight continued to hurt the country’s economy. Many banks struggled as a result of this but GTBank remained strong, recording significant and enviable financial and non-financial performance. According to him, the bank’s digital transformation drive has been very successful as it has enabled the bank to deepen financial inclusion across Africa with its array of tailor-made digital solutions that has made banking simpler and more accessible.

    Commenting on the award, Segun Agbaje, Managing Director/CEO of GTBank said: “We are honored to win the Best Bank in Nigeria award a record eight times and to be recognized as Africa’s Best Bank for SMEs. These awards reflect our progress in building strong, value adding relationships with our customers whilst positioning the bank as the financial institution for Small and Medium Enterprises through our creation of free business platforms that are geared towards promoting enterprise in key economic sectors.”

    We remain committed to maximizing shareholders’ value and delivering superior and sustainable return, guided by our founding values of hard work, discipline and integrity.

    GTBank has consistently played a leading role in Africa’s banking industry. The GTBank brand is regarded by industry watchers as one of the best run financial institutions across its subsidiary countries and serves as a role model within the financial service industry due to its bias for world class corporate governance standards, excellent service quality and innovation.

  • Areximbank named African Banker of the Year

    Areximbank named African Banker of the Year

     Dr Benedict Oramah, the President of African Export-Import Bank (Afreximbank), has been named African Banker of the Year at the African Banker Awards 2017 ceremony in India.

    A statement by Afreximbank in Lagos on Wednesday said that the award was presented on Tuesday at a ceremony on the sidelines of the Annual Meetings of African Development Bank.

    The bank said that the award was given to a banker who, through leadership and vision, had overseen strong financial performance within his or her organisation.

    “Such a banker would also have successfully guided that institution to new heights in the industry”.

    In his acceptance speech, Oramah, a Nigerian, said that he was able to win the award as a result of the dedicated work of the staff of Afreximbank.

    He said the staff had put in sustained efforts and made sacrifices to enable the bank continue performing in order to meet the challenges confronting Africa in the area of trade.

    Other nominees for the award included Segun Agbaje of GTB in Nigeria, Jeremy Awori of Barclays Bank in Kenya, Dr Charles Kimei of CRDB Bank in Tanzania, James Mwangi of Equity Bank in Kenya and Joshua Nyamweya Olgara of KCB in Kenya.

    Also at the ceremony, Guaranty Trust Bank of Nigeria was named African Bank of the Year, Rameswurlall Basant Roi, Governor of Central Bank of Mauritius, was named Central Bank Governor of the Year, while Rand Merchant Bank in South Africa was named Investment Bank of the Year.

    Other winners included Equity Bank of Kenya as the Best Retail Bank, MasterCard and Ecobank were named for Innovation in Banking.

    Waheed Olagunju of Bank of Industry in Nigeria was named African Banker Icon, while Amadou Ba, Minister of Finance of Senegal was named the Finance Minister of the Year.

    According to Afreximbank, the African Banker Awards were introduced to recognise reforms, rapid modernisation and expansion of banking and finance in Africa.

    “The awards reward the outstanding achievements of companies and individuals that have changed the perception of Africa’s potentials in domestic and international markets”.

     

  • GTB Posts N165b Profit Before Tax, says Agbaje

    GTB Posts N165b Profit Before Tax, says Agbaje

    •‘We’ve simplified bank ing processes’

    Guaranty Trust Bank has posted a Profit before tax  N165.14 billion, in its 2016 operating year, the Managing Director/CEO, Segun Agbaje, has said.

    Agbaje, who made this known yesterday at a press parley in Lagos, said the profit  represented a growth of 37 per cent over the N120.69 billion recorded in the corresponding period of December, 2015.

    He said the bank’s loan book grew by 16 per cent from N1.373 trillion recorded as at December 2015 to N1.59trillion in December 2016, with corresponding growth in total deposits, which he added, increased by 29 per cent to N2.111 trillion from N1.637 trillion in December 2015.

    The bank’s balance sheet, Agbaje stated, remained strong with a 19.7 per cent growth in total assets and contingents, as the bank closed the year ended December 2016 with Total Assets and Contingents of N3.70 trillion and shareholders’ funds of N504.9 billion.The Managing Director/CEO, Guaranty Trust Bank Plc, Segun Agbaje yesterday said the lender gives priority to simpler and faster banking, which have helped it grow and retain its customers.

    Speaking at a briefing in Lagos, he said the lender has in the last five years, tripled its customer base to 9.68 million as at December 31, 2016.

    “As part of our strategy to grow our retail business, we are continuously making our banking processes and touch points simple, easier, and faster irrespective of where our customers choose to bank,” he said.

    Agbaje said the bank has expanded the range of functionality it offers on internet, mobile and USSD banking platforms, ensuring better experience in its branches and providing more intelligent Automated Teller Machines (ATMs) to allow customers save time through efficient self-service.

    He said the bank has also seen tremendous growth in customer adoption of its digital services. “We are investing and building our digital capabilities, and also actively seeking to collaborate with FinTech companies.

    “Whether we compete or collaborate, we will be aggressively pursuing these digital opportunities, to strengthen our traditional businesses, and going beyond being a bank to becoming a platform that enriches the lives of all customers that it serve,” he said.

    GTB posted N165 billion Profit Before Tax (PBT) in its audited financial results for the year ended December 31, 2016.

    A review of the results showed positive performance across all financial indices, reaffirming the bank’s position as one of the most profitable and well managed financial institutions in Nigeria.

    Gross earnings for the period grew by 37 per cent to N414.62 billion from N301.85 billion reported in the December 2015 review period. The performance was driven primarily by growth in interest income as well as foreign exchange income, Agbaje said.

     

    He said the bank’s non-performing loans remained low and within regulatory threshold at 3.66 per cent, with adequate coverage of 131.79 per cent. Increase in collective impairment was borne out of the prudent stance of the Bank, while Capital remains strong with CAR of 19.79 per cent.

    On the backdrop of this result, Return on Equity (ROAE) and Return on Assets (ROAA) closed at 35.96 per cent and 5.85 per cent. The bank is proposing final dividend of 175 kobo per unit of ordinary share held by shareholders in addition to interim dividend of 25 kobo per unit of ordinary share,  thus bringing total dividend for 2016 financial year to N2 per unit of ordinary share.

    Agbaje, said: “The bank’s financial performance in 2016, does not only reflect the resilience of our franchise, it demonstrates the fundamental strength of our businesses to deliver sustainable long-term growth.