BOARDROOM CRISIS AS GTBANK SHOPS FOR SEGUN AGBAJE’S SUCCESSOR

A seeming board room crisis that may rock Guaranty Trust Bank Plc (GTBank) to its foundation is currently brewing in the bank.

According to a recent report by BusinessLivethe internal unrest borders on the succession of the current managing director and chief executive of the bank, Mr. Segun Agbaje, whose tenure ends in June 2021.

According to inside sources, Agbaje is said to be backing two executive directors believed to be his close associates to succeed him as managing director and deputy managing director, ahead of other most qualified directors in the bank.

The source further divulged that the executive directors, Miriam Chidiebele Olusanya (Wholesale Banking Division) and Babajide Okuntola (Financial Technology Division), lack the adequate experience and technical skills to run the bank whose total assets and shareholders’ funds stood at ₦4.057trillion and ₦661.1 billion respectively at end of the first quarter of 2020.

While Okuntola is being positioned as the head-honcho, Olusanya is said to be favoured by Agbaje as deputy managing director of the bank.

The decision, it was learnt, did not go down well with other members of the board who opposed the emergence of the two EDs on the premise that there were more senior and experienced executive directors in the financial institution.

The development was said to have led to a heated argument between Agbaje and other members of the board at a meeting held on Wednesday July 22, 2020 at the bank’s headquarters situated at Plot 635, Akin Adesola Street, Victoria Island, Lagos.

The bank CEO said to be enjoying the blessings of the bank’s chairman, Osaretin Demuren, had insisted on his candidates.

Oyinade Adegite, Head, Communication and External Affairs Group of the bank could not respond to enquiries when contacted.

BREAKING: UNILAG Senate elects Folasade Ogunsola acting VC

UNILAG-VC-Professor-Folasade-Ogunsola

The University of Lagos (UNILAG) Senate has elected Prof. Folasade Ogunsola as the institution’s acting vice-chancellor.

Ogunsola was the deputy vice-chancellor, development services until her election on Monday.

She got 135 of 167 votes cast.

Deputy Vice-Chancellor (Management Services) Prof. Ben Oghojafor got 31 votes while one vote was voided.

Chairman of the Senate Emergency Committee Prof. Chioma Agomo announced the result to reporters after the election.

Baba Ijebu, Kashamu Buruji And The Rest Of Us By Seun Oloketuyi

For days now many have passed judgment on the person of Chief Adebutu Kessington (popularly known in business and social circles as Baba ijebu) over the leaked phone conversation between him and late Senator Buruji Kashamu. 

In the video, the late billionaire could be heard telling Baba that he was ill and asking for forgiveness. He also asked for a chance to right his wrongs. People say Baba’s body language was horrible while others say the video should not have been released. 

I write on the strength of knowledge many do not have on this issue. I do not blame Baba Ijebu one bit for recording the conversation. Buruji was a slippery person, one whose words could not be his bond, as we all know from the hundreds of cases of examples over business and politics.

On the issue of the video being released, Baba could not have released the video on social media since he does not even have a social media account, but I agree Baba and his wife should have been more careful with the video. He cannot however be held culpable for the misdemeanor of another. 

Those who have taken it upon themselves to hurl insults at an 83-year-old man, without any information on the way Buruji, may his soul rest in peace, battled him in the last three years, including a petition to EFCC and countless court cases to disrupt his business, should tell me what Baba should have done with the shocking call. All Baba asked was if Buruji would withdraw the cases and stop fighting him. Was that too much to ask? And Baba said he has forgiven him as God is the only one who can forgive us all.

Those pushing different agendas and conspiracy theories should allow Buruji Kashamu to rest in peace.

NOLLYWOOD ACTOR, BOLANLE NINALOWO BECOMES SURVEILLANT FIRE LTD BRAND AMBASSADOR

In a privately held ceremony at the company’s head office. The Nigeria’s pride and largest indigenous fire protection company SURVEILLANT FIRE LIMITED and one of the “Hottest” Nollywood actor “MAKANAKI” Bolanle Ninalowo.It was reported to be the beginning of creative brand synergy that will take both Nollywood and Fire protection and safety industry to see the world from same view point.


The MD of Surveillant Fire Limited Engr, Jumade Adejola while speaking at the signing ceremony said “IN ALL THESE, I SEE NIGERIA AS THE ULTIMATE WINNER” speaking further he said the future of safety engineering in Africa and in particular Nigeria is in the hand of safety companies with Surveillant Fire Limited Playing a lead role.While taking a tour of the largest stockpile of fire protection products in sub-sahara Africa he said the company is ready and able to take on any job anywhere in Africa owing to over 20 years’ experience in fire protection engineering and safety.

The obviously wowed brand Ambassador on his part said he is never more convinced he has a good product to sell to tell the world.

The company and her ambassador encourage us to keep our fingers crossed as more will be coming in matter of weeks in terms of products and contents

Why I Fainted – Ag. NDDC MD

Acting Managing Director/Chief Executive Officer (CEO), Expanded Interim Management Committee (EIMC), Niger Delta Development Commission (NDDC), Prof Kemebradikumo Pondei, Tuesday, opened his heart on the ill-starred incident at the House of Representatives, where he unexpectedly fainted while being questioned by lawmakers, a month ago.

Pondei, undoubtedly stressed but back to his feet, in an exclusive interview with Vanguard, disclosed that he had a mysterious and unpredictable health challenge and was stunned people thought he was acting.

Speaking on the delay in passing the Commission’s 2019 Budget, he revealed: “A minor typographical error was noticed and we asked for 10 minutes to amend the errors, but the presentation was stepped down. The National Assembly (NASS), has since gone on recess.”

I noticed a new bounce in NDDC activity after your last appearance in the House of Representatives, are you back to your feet now, what really happened to you on that day?

I had an unexplained, unexpected health challenge. It is ridiculous to think that people believed I was acting. I would not pray for anyone to experience what I went through. I do not run from issues. I have put all that behind me.

Despite the allegations against you and other EIMC members, you seemed not to be perturbed anymore, as you have gone back to work, what is the adrenaline?

This is because the accusations/allegations were laughable. From N40 billion missing, the probes now became extra-budgetary spending. After accusing the EIMC of embezzlement of N40 billion, nothing was substantiated. The IMC is then asked to refund monies paid for historical debts owed contractors, service providers and allowances paid to staff.

JUST IN: Tribunal Nullifies Diri’s Election As Bayelsa Governor

The Bayelsa state governorship election tribunal sitting in Abuja has nullified the election that returned Duoye Diri as governor of Bayelsa state.

The Advanced Nigeria Democratic Party (ANDP) had in its petition asked the tribunal to cancel the election because it was excluded from the November 16, 2019, poll.

In a majority judgment delivered by Justice Yunusa Musa on Monday, the tribunal held that the Independent National Electoral Commission (INEC) unlawfully excluded ANDP from the election.Bayelsa, State Governor, Duoye Diri

It, therefore, ordered INEC to conduct a fresh governorship election in Bayelsa State within 90 days.

The tribunal further ordered that the petitioner should be included in the fresh election to be conducted Post Views: 82Help Aledeh News deliver the independent journalism Nigeria and the world need. Support us by making a contribution. Your donation allows Aledeh News to be completely independent. But it also means this online platform is only possible because of the support of readers like you.

Lagos APC chieftain Lanre Razak is dead

A chieftain of All Progressives Congress (APC) in Lagos State Lanre Razak has passed on.

Mr Razak was a member of the Governor’s Advisory Committee (GAC) the highest decision-making body in Lagos.https://googleads.g.doubleclick.net/pagead/ads?client=ca-pub-8170112491591625&output=html&h=300&slotname=4046550241&adk=541044466&adf=1372331285&w=360&lmt=1597492280&rafmt=1&psa=1&guci=2.2.0.0.2.2.0.0&format=360×300&url=https%3A%2F%2Fwww.qed.ng%2Flagos-apc-chieftain-lanre-razak-is-dead%2F&flash=0&fwr=1&fwrattr=true&rpe=1&resp_fmts=3&sfro=1&wgl=1&dt=1597492904378&bpp=20&bdt=2120&idt=165&shv=r20200810&cbv=r20190131&ptt=9&saldr=aa&abxe=1&cookie=ID%3Db1a94817e7568bb2%3AT%3D1592996914%3AS%3DALNI_MZZLP_afkKX6ZAN1gPQ7gPlXdynhQ&prev_fmts=360×300&correlator=4801987576625&frm=20&pv=1&ga_vid=1438218988.1592996912&ga_sid=1597492905&ga_hid=557724948&ga_fc=0&iag=0&icsg=46910655217664&dssz=70&mdo=0&mso=0&u_tz=60&u_his=1&u_java=0&u_h=820&u_w=360&u_ah=820&u_aw=360&u_cd=24&u_nplug=0&u_nmime=0&adx=0&ady=766&biw=360&bih=724&scr_x=0&scr_y=0&eid=42530557%2C42530559%2C21066358%2C21066624%2C21066706%2C21066819%2C21066973&oid=3&pvsid=1082146240485161&pem=791&rx=0&eae=0&fc=900&brdim=0%2C0%2C0%2C0%2C360%2C0%2C360%2C724%2C360%2C724&vis=1&rsz=%7C%7CoeEbr%7C&abl=CS&pfx=0&fu=8320&bc=31&ifi=2&uci=a!2&btvi=1&fsb=1&xpc=pm8Ha4E5uA&p=https%3A//www.qed.ng&dtd=182

Razak died on Saturday morning at the age of 74 following undisclosed ailment, Tribune Online reports.

More to follow…

Ikorodu Bois Get Gifts From Netflix

Social media sensation Ikorodu Bois have revealed they have been gifted with filming equipment from media service provider Netflix.

In a tweet on Wednesday, the group expressed their joy as they thanked the company.

In June 2020, Ikorodu Bois received an invite to the premiere of Hollywood thriller, Extraction

The group is made up of 15-year-old Muiz Sanni, 10-year-old Malik Sanni and 13-year-old Fawas Aina.

Their 23-year-old brother Babatunde Sanni manages and edits the videos

REVEALED! Lagos Governor Confirms LG Chairman Died Of Corona Virus

SANWO-OLU MOURNS LAGOS COUNCIL BOSS, BABATUNDE OKE

Lagos State Governor, Mr. Babajide Sanwo-Olu has expressed sadness over the sudden death of the Chairman of Onigbongbo Local Council Development Area (LCDA) of the State, Hon. Babatunde Oke.

Governor Sanwo-Olu in a condolence message issued on Wednesday by his Chief Press Secretary, Mr. Gboyega Akosile, said Oke’s demise is a big loss to his council and Lagos State.

Oke, a second term Chairman of Onigbongbo LCDA, died in the early hours of Wednesday (August 12, 2020) from complications arising from COVID-19 infection.

The Governor implored Lagosians to use the death of the council chairman as a reminder that all hands must be on deck in reducing the spread of the ravaging coronavirus pandemic, as well as obeying basic rules and regulations in respect to COVID-19.

He said: “The death of Hon. Babatunde Oke is a painful and great loss to the State. We must however not allow the death of Hon. Oke to deter us from forging ahead in our quest to finding a lasting solution to the dreaded coronavirus, which is ravaging the world. In fact the best way we would preserve the memories of those we have lost to the virus is for the world to find a solution to the pandemic.

“Needless for me to say that I am saddened by the death of this fine gentleman; a loyal party man and committed democrat, who had a deep understanding of local government administration and the political landscape.

“Hon. Oke was an extremely loyal politician and an invaluable asset to the All Progressives Council (APC). He started his political journey with the progressives and remained in the fold until his unfortunate exit today.

“There is no doubting the fact that he would be missed by the entire political class, particularly Onigbongbo LCDA, Lagos APC family and the State as a whole.”

Governor Sanwo-Olu also condoled with the immediate family of the departed, the National Leader of APC, Asiwaju Bola Tinubu, Lagos APC, Conference 57 and the entire people of Onigbongbo LCDA over the death of the late council boss.

He also prayed that God will grant “the soul of our beloved Hon. Babatunde Oke eternal rest and comfort the immediate and political family of the deceased.”

NECO Releases 2020 Examinations Timetable

The National Examinations Council (NECO) released the timetable for the Examination of Senior School Certificates 2020.

NECO Registrar / Chief Executive Officer, Professor Godswill Obioma Says the exams will begin on 5 October and finish on 18 November 2020.

During a press conference at the Council’s Headquarters in Minna, the Niger State capital, Obioma noted that the exam body has scheduled the BECE for Wednesday 11th and Thursday 12th November 2020. The statement reads below:

“NECO SSCE will take place on Monday 5th October 2020 to Wednesday 18th November 2020 while NECO NCEE for admission of JSS1 students into Federal Unity Colleges will hold on Saturday 17th October 2020.

“In addition, NECO has scheduled the BECE (re-sit) for the prescribed relevant topics to be held on Wednesday 11 and Thursday 12 November 2020.

The Registrar said the review body has prepared a manual on guidelines to prepare the school for conducting public examinations in the context of COVID-19, covering five areas.

He then declared that NECO has put in place special measures for its BECE, SSCE and NCEE this year adding that the measures will ensure appropriate standards and excellence before, during and after the examinations.

Among the measures include the signing of an oath of allegiance by everyone who will participate in the examination while the installation and use of special CCTV cameras in all examination centres and custodian points are being explored.

Obioma reiterated that registration of all examinations are ongoing stressing that there will not be any extension urging government, parents and schools to procure the forms before the deadline of sales of forms.

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