Tag: strong

  • Lasaco Assurance still waxing strong – MD

    Lasaco Assurance still waxing strong – MD

    At a time many insurance firms are in dire straits with rippling effect on their bottom-line, Lasaco Assurance Plc has continued to show a lot of promise, not only in prompt settlement of claims, but also in its market performance in the business year 2013.

    The company was able to settle insurance claims and benefits totalling N2.417 billion in 2013, an increase of N1.05billion over the corresponding amounts settled in the preceding year.

    With this performance, the brand is able to deliver on its promise to meet up with obligations as at when due, which is part of its resolve to meet its obligations to its customers as a credible and reputable insurance conglomerate.

    While reviewing the performance of the company thus far, the Managing Director, Mr. Olusola Ladipo-Ajayi, said it is a function of its core values and strategic goal as a company. “Our core value of integrity, responsiveness, transparency, customer-centric policies is consistently focused on meeting the expectations of our clients while adhering to ethical standards.”

    Speaking further, he stated that it is part of the organisation’s vision to ensure customer satisfaction and deepen increase its market share and penetration.

    He asserted that “one of the areas we have distinguished ourselves over the years is in the area of prompt claims settlements. We have remained consistent through a dynamic and proactive structure put in place to meet the expectations of our growing clientele. The deployment of ICT tools has positioned us to be able to deliver superior value to our numerous clientele across the key sectors of the economy in line with the vision of the company to continue as a market leader in insurance and financial services industry in Nigeria.”

    Apart from settlement of claims and benefits, the company has also shown dexterity and tenacity of purpose in its performance as manifested in the reversal of loss in 2012 to profitability in 2013. The company, which made a loss of N180million recorded in 2012, came out smoking as it bounced back with a net profit of N412million in 2013. Beyond profitability in 2013, its other key business indicators also came out in the positive. It recorded a growth of 12 per cent in gross premium income in the period under review as it raked in N4.96billion compared to N4.43billion generated in 2012.

    Furthermore, the company witnessed a positive performance in net premium earned, which increased from N3.3billion in 2012 to N3.6billion in 2013, an 8per cent increase. It equally recorded a 10 per cent growth in underwriting profit, which stood at N1.40billion as against N1.28billion in 2012.

    The Lasaco boss further explained that the company was able to perform the feat despite unfavourable business operating environment particularly in the insurance subsector of the economy through business ingenuity and pragmatic approach.

    He stated that in order to take the performance to another level in the current business year, Lasaco Assurance has fashioned and is already deploying appropriate offensive business strategies that are able to navigate and win in the face of harsh business environment in the country.

  • Rivers 2015: ‘A candidate is as strong as his team’

    Rivers 2015: ‘A candidate is as strong as his team’

    Few weeks ago, Chief Beks Dagogo-Jack confirmed his interest to seek the governorship ticket of People’s Democratic Party (PDP) in the 2015 elections. Since then, the stake has been raised further as other major stakeholders take him up on several issues. In this brief encounter he spoke on his experience, strategy and chances. Sam Egburonu reports

    Your recent press conference announcing your decision to join the race for the Rivers State Governorship ticket in the PDP seems to have ruffled some feathers . Why is that ?

    I’m not sure whose ruffled feathers you noticed but as you well know every race involves several  competing interests and each new entrant into a race depending on his or her weight typically impacts the odds in the race.

    Specifically, it has been observed that last week, the Minister of State, Nyesom Wike whilst addressing press men made specific mention of your name amongst others who he claimed are political paper weights he will beat even in their respective wards. What do you say to that?

    I think those comments were quite  unfortunate and undignifying, especially from a cabinet member who should be a mature bridge builder. Also as you know, we are currently still  at the party primaries stage, which is very largely an internal party affair to be managed strategically in readiness for the main election without unduly weakening the electoral fortunes of our party. I will rather not respond to his claims of superiority. .

    So even if you want to avoid responding to his claims, the general public would want to know your political stature as a gubernatorial candidate?

    Let me remind you again that politics is a team game with people of like minds coming together to build a leadership organisation and agenda . The political structure typically has different layers of leaders, workers, volunteers, etc, who come on board with various political assets. I have been involved in this process at different levels for several decades now.  I’ve been involved in developing campaign materials and governance blueprints for candidates at both governorship and presidential campaign levels. I’ve been a leader of my ward,  PDP Ward 12 in Akuku-Toru Local Government for so many years now overseeing all elections at the ward. I’ve been an active supporting elder of the PDP in my  LGA for as many years. I’ve served in various appointive posts at state and federal levels in cabinet and senior non-cabinet positions. I have also run a primaries race as a senatorial aspirant as far back as the NRC days. The main point to note here is that in all of these experiences, I resolved from day one not to be a jack of all trades but to remain devoted to my skills as a technocrat with proven track record of performance, knowing that in any team I belong, there shall always be  those more versed in the field operational aspects of elections.  I tell you, I am not a neophyte in this business yet I totally believe that a candidate is only as strong as his team is.

    From the public utterances of the Minister of State it can be deduced that he feels exclusively entitled to the ticket based on the huge investments he single handedly incurred to rescue the party at the state from Governor Rotimi Amaechi. What would you say to that?

    I recall that it was the famed Douglas Adams who said that if any man has the capacity to single handedly  procure his election to any office, he must be stopped at all costs in the interest of democracy. Politics is about change and progress which involves people’s free choice. Investments or sacrifice is an ongoing phenomenon in building political parties the world over. People have invested in the party at different critical times long before now. If every one who make investments and sacrices to a party dictates exactly how they should be settled, then I’m afraid our democracy risk being captured by private forces to serve private interests. Politics is for public service and development;  it’s not a commercial business and should never be approached as such.

    Do you think your attempt to consciously separate political skill sets would work in our current political system which seem to have been hijacked by field operatives ?

    You know I firmly believe that a key reason why we are still struggling to entrench democracy as a system for delivering effective development lies with this current very dysfunctional culture you talk about and indeed it’s so unfortunate we degenerated to this level because this was not the case even in the First Republic. I will illustrate with a few examples. In those days, politics still had the Adedibus and the Awolowos yet no Adedibu would aspire to be an Awolowo and verse versa. Both are comfortable with the natural slants in their capacity. An Adedibu would be seen and respected as an effective operative or a garrison commander whilst an Awolowo would be seen and respected as a visioner and a transformational leader. Our late political icon was able to leapfrog the human capacity index of the South-West over the national average with such effectiveness that decades after, the benefits are still with us.

    How do  you rate your chances ?

    I offer myself as a committed change agent. I have proven track record as a worker and a project leader. I have considerable regard as a public servant accross the state. I have been around long enough to learn from our past mistakes. I have imbibed a culture of integrity and goal-getting.   I am not seeking office to achieve personal material goals. Our people have begun  evaluating the aspirants. The people will decide.

  • Nigeria a strong force in world sports -Elegbeleye

    Nigeria a strong force in world sports -Elegbeleye

    • Hails President Jonathan for his support

    Chef de Mission, Gbenga Elegbeleye has described Nigeria as a strong force in world sport.

    Elegbeleye was reacting to the sterling performance of Team Nigeria at the ongoing XX Commonwealth Games in Glasgow, Scotland.

    Team Nigeria athletes, buoyed by the spectacular performance of hotshot, Blessing Okagbare in the women’s 100m where she shattered the Games record to win 10.85sec, posted amazing results winning three gold and a cocktail of silver and bronze medals.

    Odunayo Adekuoreye and Aminat Adeniyi won gold medals in wrestling while ‘superwoman’ Maryam Usman lifted Nigeria’s name to high heavens with her golden lift.

    ‘’These things are made possible by the love and support of President Ebele Goodluck Jonathan. He has been the backbone of sports and we are happy to be churning out these good results’’, a jubilant Elegbeleye said.

    He opined that the sky still looks good for more medals to come the way of Team Nigeria before the Games’ curtains are drawn on Sunday.

    ‘’Our athletes and officials have been remarkable. We’re grateful to Mr President and all Nigerians for their support’’, Elegbeleye, who has been  watching and supporting virtually all the sports, said.

  • SECOND STANZA: ‘Expect a strong Nembe City side’

    SECOND STANZA: ‘Expect a strong Nembe City side’

    Spokesman of Nembe City FC, Gbenga Adeleye, has assured fans of the Bayelsa State-based team that they will present a stronger side when the second stanza of the 2013-2014 Glo Premier League gets underway this weekend.

    “We are in top shape and ready to change our fortunes on the League table. The mid-season break has given us an insight into where things went wrong in the first stanza which we have corrected.

    “The Federation Cup has also helped us to keep our players in top shape but it was unfortunate we lost out in the round of 16. We have learnt our lesson, so the second stanza will be a different ball game entirely, ” Adeleye stated.

    He further revealed that the team have beefed up the squad with some quality players to help climb out of the bottom of the table.

    “Everybody here is ready and raring to go and wants to start getting things right at the start of the second stanza.”

    The Kala Eku Lema boys were last Thursday eliminated from this year’s Federation Cup after a 2-1 loss to defending champions Enyimba FC at the Akure Sports Complex. “I am confident we will beat the drop at the end of the season,” club chairperson, Mrs. Ebiakpo Rumson Baribote told Sportinglife.

    Nembe City are currently rock bottom of the League with 16 points from 19 games played so far.

  • ‘Stopping spot kicks has always been my strong point’

    ‘Stopping spot kicks has always been my strong point’

    Prime FC goalkeeper Adejare Adeniyi has revealed the secret behind his penalty saves in the ongoing Federation Cup tournament.  The 22-year-old, who has sharp reflexes in goal, said he had been a keen penalty stopper since his secondary school days at the Anglican Grammar School, Ogbomoso.

    Adejare became a hero at the club after saving the Omoluabi Giants in four Federation Cup matches which they won via spot-kicks at the ongoing tournament.

    He was instrumental to Prime defeating El-Kanemi Babes in the Round of 64, edging out last year’s finalists, Warri Wolves in the Round of 32, First Bank in Round of 16 and repeated same magic against Gateway United.

    The former Crown FC safehand has saved 10 out of 20 penalties to keep the 2012 Federation Cup giant killers in this year’s tournament.

    “I thank God for my form so far. It has been the will of God, but I have been a keen penalty stopper since I was in secondary school and stopping spot kicks has always been a part of me. I thank God for the performance of the team so far,” he said.

  • Nigerian banks yet to have strong workforce

    Despite the listing of ten local banks among the 1000 biggest banks globally, the industry is yet to grow its workforce to an enviable height.

    The chairman, Chartered Institute of Bankers of Nigeria(CIBN), Mr. Bolade Agboola,  gave this submission during a media parley to herald the 2014 Lagos Bankers’ Nite with the theme:  ‘Human Capital: Value Creation and Capacity Building for Financial Services Sector in a Frontier Economy.’

    Agboola said the theme was apt, in view of the problems in the nation’s banking and the entire financial services sector.

    He said the industry has moved from doom to a booming era, arguing that a strong and committed workforce is required to position the industry for growth.

    He said once this happens, the banks would not find it difficult to be among the best 100 banks in the future.

    Rating agencies, the CIBN boss observed, look at indices such as banks’ capitalisation, branch network, total assets, contributions to the Small and Medium Scale Enterprises (SMEs), among others, before including banks among the top-performers globally.

    “Nigeria’s economy has just gone through a recession, occasioned by the global meltdown of 2008.  The Central Bank of Nigeria (CBN) and the Assets Management Company of Nigeria (AMCON) have intervened by initiating reforms in the industry,” he said.

    Raising some posers, he said: “What services are banks rendering to the economy within and outside the country? What is the value of the value of the economy?  What is the level of the per-capital income in Nigeria? These are what determine the strength of an economy. To achieve these, strong manpower is required in the financial industry become it has become one of the major drivers of over economy.”

  • Ngige’s petition strong, says campaign organisation

    Senator Chris Ngige Campaign Organisation has said the petition filed by its candidate at the Anambra State Governorship and Elections tribunal is strong.

    It reacted yesterday in Awka, following the ‘falsehoods’ peddled about the ruling at the Justice Ishaq Bello-led panel last week.

    In a statement in Awka by Mr. Okelo Madukaife, the organisation’s deputy director of Media & Publicity, it said some had gone to the extent of falsifying the action of the tribunal to the effect that the documents presented to the tribunal by Senator Ngige’s counsel and those of the All Progressives Congress (APC) were forged.

    According to the statement, “the reality on the ruling is that APC, jointly with Senator Ngige and severally with the Peoples Democratic Party (PDP) and Tony Nwoye applied to the tribunal severally to hear the preliminary objections in the body of the trial and consider them side-by side with the substantive matter in the final judgment, as provided for by Paragraph 12, Sub-Paragraph 5 of the First Schedule to the 2010 Electoral Act, as amended.

    “The framers of the Electoral Act, by an amendment effected four years after the original enactment abridged the timing expended on interlocutory applications/appeals by providing in Paragraph 12 sub-paragraph 5 of the First Schedule that parties should raise and document their objection, state the section or subsection under which they are raised and the ruling will be taken along with the trial and judgment delivered together on all issues.

    “In the instant ruling, the tribunal agreed with the arguments of APC, Ngige, PDP and Nwoye, and allowed all preliminary objections to be considered in the final address along with the final judgment.

    “The tribunal, however, in its wisdom, made an exception of the preliminary objections seeking to strike out some paragraphs of the respective petitions.

    “The legal teams of Ngige and APC are focused on the expected motions fixed for February 25, filed by Chief Willie Obiano and seeking to strike out some paragraphs of their petition, as this application enjoys the benefit of that exception by the tribunal.”

    Proceedings will resume today at the tribunal, following adjournment by Justice Bello last Wednesday.

    The motions, filed by the plaintiffs and defendants, would be ruled upon today, while Ngige and APC would reply the motions filed by INEC, Obiano and APGA.

     

  • Nigeria needs  strong centre, says Akume

    Nigeria needs strong centre, says Akume

    Senator George Akume is the Minority Leader of the Senate and Chairman, North-Central Zonal Committee on the review of the 1999 Constitution. In this interview with Sanni Onogu, he speaks on the two-day public hearing in Makurdi, the Benue State capital; the need to maintain a strong centre to keep the component parts of the country together and why state electoral commissions should be retained.

     

     

    What is your impression about the turnout of the North-Central people at the two-day public hearing on the review of the Constitution?

    There is no document or book that is perfect except the Bible and the Quran. Therefore, even the Constitution, which is a very sacred document, must, from time to time, come under a review in view of the dynamism of society. Human society is dynamic, new challenges arise, which may warrant a rethink. The Constitution, being a wise document, also recognises this fact and it says, if you want to amend me to meet exigencies, this is the procedure. It is against this background that we have gathered Nigerians in all the geopolitical zones of this country to take a second look at the Constitution to see if we could effect further alterations to the provisions of the Constitution. The 6th National Assembly along with legislatures in the states were able to do something. The 7th National Assembly in conjunction with state legislatures are also about doing that. The turnout was massive and very impressive. We want to congratulate Nigerians, especially people from this geopolitical zone for finding time to participate in a very purposeful way in this sacred national exercise. We took over 52 presentations yesterday and they bordered on a number of critical areas, which in their wisdom, require further alterations and these are devolution of powers. They believe that the Federal Government is too powerful, therefore, there is need to visit the Exclusive Legislative List to devolve powers to the states and the local governments in order to spread development to all parts of the country.

    Don’t you think these people have a point?

    In a way, we will reduce bitterness as people struggle to control the very strategic position of the President of this country. But we are also mindful of the fact that if you want to devolve power, you do it in such a way that the federal government still remains strong because it remains the only unifying factor in the country. So, among the three tiers of government, federal government must be sufficiently strong to hold the entire country together. Of course, this depends on the way we allocate responsibilities to each tier of government without diluting the powers of the federal government.

    What are the other areas that people focused on?

    They mentioned creation of state; people are still passionate about it. There are divergent views even though autonomy of state legislatures came under very serious scrutiny. While government may say no, the Conference of Speakers’ is very firmly committed to financial autonomy of the legislatures. This will ensure balance and fairness as far as Nigerians are concerned. If you will recall, the presentation of most of the people outside the government framework, they were of the opinion that we have to grant financial autonomy to state legislatures. If the National Assembly, which is also a lawmaking body should enjoy that, why do you deny state legislatures of it? Every tier of government is important, whether federal, state or local. Again, every arm, whether Executive, Legislature or Judiciary is also independent to a large measure in order to ensure that each arm is able to do its duty well. Therefore, there is need to grant financial independence to state legislatures.

    What is the position of the people on controversial issues like indigeneship etc?

    Yes, they talked about indigeneship and citizenship. The people’s belief is that wherever you reside, that should become your state of residence and by implication, your state of origin. But some suggested the time frame within which such a person would be conversant with the culture of the people. I think this is not a bad idea, we are all Nigerians. The situation in the United States is a little bit different in the sense that there is commonality of language and shared values as it were. You move from one part to the other, you are still an American citizen because you are a citizen.

    The essence of democracy is to talk and where the situations are so tough, build up a consensus with a view to finding a lasting, workable and acceptable solution. So, we are at the verge of making history again and we must commend the leadership of the Senate for this initiative.

    How prepared is the Action Congress of Nigeria (ACN) for the forthcoming local government elections in Benue State?

    ACN is a very strong party in this state. You recall the performance of ACN in the last general elections. We believe strongly and rightly that we won that election but the Nigerian factor robbed the ACN of major victories. But don’t forget that in the State House of Assembly, if some of the cases had gone through the court, we would have been controlling but again, the Nigerian factor. So, we have 10 lawmakers in the state. That is a strong showing and the party has a senator at the National Assembly and three members in the House of Representatives. This is not something you take for granted. For the forthcoming elections, our worry is that some of the people who are sponsored are carrying guns, threatening to destroy the polls. That is dangerous to democracy. Remember my comment; the threat to democracy is not even the military but the action of the electoral bodies. If they play by the game, democracy will grow. We in Benue State on the platform of ACN believe totally in democracy. We are fully prepared and will continue to campaign in spite of massive provocation from the other party. We have been beaten and charged by some of these gun-trotting youths; our vehicles have been vandalised and people have also been arrested in a most unserious manner for doing nothing. We were attacked a few days ago in Makurdi. We reported the case to the Police but they ended up arresting our own people. It is reminiscent of what used to happen in the apartheid South Africa. A white man would slap a black man, he would go and report to the Police but the Police would turn back and arrest the black man, but it was just a matter of time. What happened? ANC took over. So, God is always on the side of the just. My appeal to ACN members is to continue to work very hard. Whosoever comes to Benue knows that we are very strong on ground; the people of Benue know that we are very strong. I am sure, given the massive support from the people, we are going to win. My appeal is that security forces should rise to their responsibilities. Their job is to protect people and not to work for a particular political party. All of us are Nigerians and are entitled to protection by the security agencies irrespective of party or religious affiliation. We want peace; we want free and fair elections. That is the true taste of a democracy. It is not a question of ballot box snatching, it is not a question of thumb-printing massively or diverting electoral materials. Democracy is a matter of everybody’s vote counting. Otherwise, are we expected to resort to self-help in the 21st century? The whole world is watching us. I also want to appeal to other political parties to show lots of responsibility and maturity as we approach local government elections. Where the party is strong, let it win election, where you lose gallantly, you know you have tried and you prepare better outing in the next election, but to continue to say ‘we are going to announce results in Makurdi, we are going to write names’ is not democracy and democracy that is built on fraud will fall.

    Many groups called for the scrapping of SIEC during the public hearing; what is your view on this?

    First, we are talking of devolution of powers and if we are to be judged by those very strict cannon of democracy, we should understand that having State INEC is not antithetical to democracy. It is expected to enrich democracy. In other parts of the world, states conduct even presidential elections. The problem in this country is not getting the right people in the right position. There are some of people who are working for the electoral body in this Benue. How can they be impartial in the conduct of election? Sometimes, people say that if you hang a bone on dog’s neck, it will not eat it. There are some of them who have a date with history and therefore, in spite of persuasions, will stand by the truth in the best interest of democracy and the country.

    Are you saying you are not comfortable with the electoral body in the state?

    We want to see what will happen on the 24th. There are people who are worried that given the composition, we might not get the correct result. The challenge is in the court of INEC. Most of them have tentacles in the PDP and those of us in other political parties are shouting foul because we think they might not do a good job. Everybody is entitled to his conscience. So, let me believe that they will do the correct thing and I am appealing to them to do the correct thing in the interest of the people. We believe in the sanctity of human life, we believe in the sanctity of the ballot box. If we want to grow democracy, let the SIEC show that we can depend on them to deliver, otherwise, the clamour for scraping of SIECs will continue. I want SIEC to conduct a different election, it is headed by a Professor. Let us see what he will deliver. I pray God to touch their hearts and let them see the plight of Benue people and behave in line with the yearnings and aspirations of our people.