Our attention has been drawn to some online reports on purported action of the board of Unity Bank on the performance of the Bank.
The Bank has a cohesive board that is working harmoniously with the Executive Management team led by Mrs. Tomi Somefun (MD/CEO) to drive the growth of the Bank.
The management of the Bank, with the support of its Board has made inroads into key sectors of the economy through initiatives and programmes that have improved the fortunes of the Bank over that past five years.
Notable amongst these are sale of the Bank’s legacy non- performing legacy loans, the relocation of its corporate head office to Lagos (the commercial hub of Nigeria), deliberate focus on digital, retail and commercial business as well as supporting the growth of the real sector of the economy through its participation in the Central Bank Nigeria (CBN) intervention funds to promote agri-business in Nigeria.
It is worthy of note that through the CBN’s Anchor Borrowers’ Programme (APB), the Bank has enrolled over one million farmers over the last three years which has boosted the production of critical food items in Nigeria (Rice, Maize, Cotton and Wheat) as well as creating of various value-chain opportunities and employment within the Agric Sector.
The Bank’s gross earnings for the 9 months ended September 2020 grew by 8 per cent to 33.906 billion from N31.256 billion in the same period in 2019.
The lender’s Profit Before Tax (PBT) for the 9 months grew by 6 per cent to N1.710 billion from N1.611 billion in 2019, while Profit After Tax, PAT equally grew by 6 per cent to N1.573 billion compared to the N1.482 billion recorded in the same period in 2019. Profit After Tax for the period stood at N543.135 million, an equally 6 per cent increase from the N514.631 million recorded in Q3, 2019.
A further review of the result showed that the Bank recorded an impressive 44 per cent rise in total assets to N420.870 billion for the 9- month period ended September 2020, from N293.052 billion in the corresponding period of 2019.
The lender also substantially grew deposits to N332.362 billion from N257.691 billion for the same period in 2019 – a 29 per cent increase showing improved customers confidence in the Bank.
The Bank in its statement issued through Nigeria Stock Exchange (NSE) on Friday, April 09, 2021 submitted its 2021 audited report to the CBN and currently awaiting final approval by the regulators.
Oyetola To Aregbesola: We’re Proud Of You, You Performed Well As Gov, You’re Doing Well As Minister; Those Calling For Nigeria Break-up Ignorant, Says Aregbe
The Governor of Osun State, Adegboyega Oyetola has stated that the state is proud of its former Governor and Minister of Interior, Ogbeni Rauf Aregbesola.
Oyetola spoke in Ilesa on Saturday, 5 June, 2021 at an event marking the 64th birthday celebration of the Minister.
He noted that the former Governor of the state performed very well while ruling the state and still performing as the Minister Of Interior.
Oyetola who was represented at the event by the state Commissioner for Political Affairs and Inter-governmental Relations, Mr Taiwo Akeju, said: “You performed very well in the State of Osun and you are performing well as the Minister of Interior. We are very proud of you.”
The events celebrating the 64th birthday of the Minister included the presentation of a book titled “The Rauf I Know “, written by a journalist, Mr Dayo Olanipekun. Mr Olanipekun covered him as state house correspondent for the Broadcasting Corporation of Osun State (OSBC) in his two terms as governor.
Speaking later, Ogbeni Aregbesola warned that it would take 50 years for Nigeria to recover from another civil war.
He therfore warned Nigerians to desist from any act capable of threatening Nigeria’s unity, describing those calling for the separation of the country as ignorant.
Ogbeni Aregbesola said: “Those calling for Nigeria’s break-up are ignorant. Every Nigerian should work for Nigeria’s unity and development.
“It will take Nigeria 50 years to recover from civil war. Whoever likes women and children should not support, but rather condemn any call of separation and conduct capable of threatening Nigeria’s unity.
“Nigeria is a country created by God for us and for the black race.
“I am not saying everything that is happening in Nigeria is good. We should treat the problems and challenges facing Nigerians, not calling for her break-up. Decapitation is not the antidote for headache”.
Aregbesola also declared support for a new caucus of the All Progressives Congress (APC), The Osun Progressives (TOP), saying that he is in support of any move to consolidate progressives legacies in the State of Osun, strengthen the party from the polling units, wards and local government levels and strengthen internal democracy in the party, which are clearly stated in the objectives and mission of TOP.
In his address, the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, Ojaja II, said that Aregbesola’s legacy in the development of the State will forever linger in the sands of time.
The Ooni of Ife who spoke via Zoom noted that the State of Osun and its people cannot forget Aregbesola as his achievements are beyond what anyone can rubbish.
“We will forever remember him. Your work will never cease to reflect in the sands of time. It is during his tenure that landmark achievements occurred in Osun which we cannot forget.
“We can never forget you. Your achievements are beyond what anyone can rubbish. We are proud of you and what you represent.”
The Registrar of the Joint Admission Matriculation Board (JAMB), Prof Ishaq Oloyede, who delivered a lecture titled “Power is responsibility” at the event, urged Nigerian political leaders to be responsible with power.
Oloyede who was represented by Dr Wahab Oyedokun, tasked politicians to operate with ideology that address people’s yearnings.
Speaking at the event, Chief Mrs Tokunbo-Awolowo Dosumu, daughter of the late sage, Chief Obafemi Awolowo, said Aregbesola is among the few Nigerian politicians that identify with and promote Awolowo’s legacy.
According to Dosumu, Aregbesola has always been committed to all the activities of Awolowo Foundation, describing him as an exemplary leader.
Politicians, traditional rulers, trade union groups and people from all walks of life from the state and across the country graced the occasion, while others spoke via zoom.
UPDATED: NECO Registrar died of heart failure, not assassinated – says Official
The Registrar of National Examinations Council (NECO), Prof. Godswill Obioma has been confirmed dead.
The late NECO Registrar reportedly died on Monday night in his sleep in his Minna residence.
The Director, Human resources of the examination body, Abdul Mustapha confirmed the death of the NECO boss, he dismissed viral media reports that Prof. Godswill Obioma was assassinated, says he died in his sleep as a result of heart failure.
Mr. Mustapha disclosed communication from Obioma’s second son, Prince Godswill Obioma, informing him of the death of his father thus:
“Mustapha K. Abdul (Director Human Resource Management, NECO),
“Dear Sir, this is to formally inform you that my father, Prof. Godswill Obioma, the Registrar/Chief Executive of NECO passed to eternal glory yesterday 31/5/2021 after a brief illness.
“We request that you kindly notify the Board, Management and the entire staff of the Council of this development.
“We shall keep you duly informed.
“Prince Godswill Obioma the 2nd, for the family.”
The release of the conversation between the deceased son and Mustapha contradicted some reports in some online and social media platforms alleging that the NECO boss was assassinated in his Minna residence by some unknown gunmen.
INSECURITY: Arewa Consultative Forum directs Northerners to boycott Southeast
The Arewa Consultative Forum (ACF) has directed Northerners to boycott traveling to Southeast as a result of the level of insecurity in the region.
The warning under the guise of a statement was issued by the National Chairman of ACF, Audu Ogbe, on Monday, May 31. He expressed concern over increasing attacks and killings of northern residents in the southeast or those visiting the zone. He said the travel advisory was issued while taking into cognizance the killings of northern leaders in 1966, which he said triggered the events that led to the civil war.
“ACF issues a very strong advisory to all northerners who may wish to travel to the southeast. Northerners should weigh the importance and necessity of such travels. Unless such trips are absolutely necessary and of compelling nature, like matters of life and death, they should not be made.”the statement in part read
The travel advisory comes barely 24 hours after former presidential aide, Ahmed Gulak, was murdered by IPOB members in Imo state.
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