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Former First Bank Chairman, Ibukun Awosika, Reacts To Sack Of Board By CBN

The immediate past Chairman of First Bank of Nigeria Ltd, Mrs Ibukun Awosika, has reacted to the sack of the board of directors of the bank by the Central Bank of Nigeria (CBN) over bad loans, corporate governance issues and others.

She insisted that the board acted in the best interest of the bank in its decisions adding that they had great plans and aspirations for where the bank could go in the near future, building on all the work that had already been done in the over 5 years since she became Chairman of the bank

The reaction is contained in a statement issued by Awosika on her Instagram page on Friday, April 30, 2021.

While going through her sojourn on the board of First Bank and its subsidiaries, Awosika said, “I have always acted in honour and integrity with the utmost interest of the institution, all our stakeholders and the Nation.”

The statement from Awosika reads, “In October 2010, I was appointed to join the board of First Bank of Nigeria.

A few months later, I was appointed to chair the board of its startup FBN Life Insurance Limited (a joint venture with Sanlam of South Africa). As its pioneer Chairman, I had the privilege of working with a strong management team led by Val Ojumah.

Together with the rest of our team, we built a company that became profitable in twenty-four months and continues to be so.

In early 2013, I was moved from FBN Life Insurance Ltd, to assume the chairmanship of FBN Capital working with a brilliant team led by Kayode Akinkugbe as the Managing Director.

We worked hard to build the institution, bought Kakawa Discount House which I was again asked by the Group to Chair. We eventually merged the companies to create the FBN quest Merchant Bank Group, which I chaired until my appointment as Chairman of First Bank of Nigeria on January 1st 2016.

For over five years, I have worked with a dedicated team of board and management, with the support of  Central Bank of Nigeria to rebuild and restructure the institution for its future. This included cleaning up non-performing loans, establishing good operational governance systems and processes, building controls and an effective and robust risk management system.

I am confident we have brought First Bank of Nigeria to a place where it is more than able to deliver utmost value to its stakeholders and the nation at large.

As a board, we acted in what we clearly believed to be in the best interest of the bank and we had great plans and aspirations for where the bank could go in its future, building on all the work that has already been done in the last five plus years.

Without a shadow of doubt, I will unequivocally state that I have always acted in honour and integrity with the utmost interest of the institution, all our stakeholders and the Nation.”

In case you missed it

  • It can be recalled that 2 days ago, the CBN Governor, Godwin Emefiele, in a televised broadcast, announced the sack of the entire board of directors of FBN Holdings Plc and its subsidiary First Bank of Nigeria Ltd, citing insider abuse, insider credit and breakdown of corporate governance as the reason behind the action.
  • The CBN subsequently reinstated the removed Managing Director of the bank, Dr Sola Adeduntan, who was eased out by the board before the end of his tenure and without consultation with the apex bank.

Nigeria Dissolves 31 Of 32 Sports Federations

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Only the Nigeria Football Federation (NFF) which has a special status as a parastatal under the sports ministry is spared as 31 of 32 sports federations boards were dissolved.

This is in keeping with the Olympic Charter, which stipulates a four-year tenure for all sports federations boards following expiration of the tenure of the National Olympic Sports Federations,

The Minister of Youth and Sports Development Sunday Dare has dissolved the boards of 31 Sports Federation and constituted Caretaker Committees.

The Minister, who was represented by the Director of Federation, Elites Athletes Department Federal Ministry of Youth and Sports Development Dr. Simon Ebhojaiye, stated: “Having run a full Olympic cycle, the Boards of the NSFs inaugurated on 21 June 2017 are hereby dissolved to pave way for fresh elections.

“In order to ensure continuity in the administration of the Federations, Caretaker Committees are hereby put in place to manage the affairs of the Federations until elections are conducted and the new Boards inaugurated.”

Ebhojaiye further said:”Mindful of the Olympic Games in July 2021, the Caretaker Committees will work assiduously towards enhancing team Nigeria participation at the Games.

“The Ministry in partnership with the NOC will release in due course, the time-table for the elections into National Sports Federation Boards.”

He encouraged all Nigerians with passion and interest for Sports to contribute selflessly to the development of Sports in Nigeria by indicating interest in membership of the various National Sports Federations.

The Caretaker Committees for the 31 National Sports Federations will run the affairs of the Federations until the inauguration of the new Boards.

The Aquatic Federation of Nigeria Caretaker committee is headed by Babatunde Fatai William’s, Olumide George – Athletic Federation of Nigeria, Francis Orbih Badminton Federation of Nigeria, Eng. Musa Kida, Basketball Federation of Nigeria, Rtd General Joseph Ayeni, Nigeria Boxing Federation, DIG Sani Sani Mohammed Nigeria Chess Federation, Professor Yahaya Ukwanya Nigeria Cricket Federation, G Masari Cycling Federation of Nigeria, Abubakar Gaya Darts Federation of Nigeria, Alhaji U Nahuche Nigeria Deaf Sports Federation, Abubakar Dangaladima Fives Federation of Nigeria, Prince Olagunsoye Oyinlolola Nigeria Golf Federation, Prince Kelvin Erhurnwunse, Gymnastic Federation of Nigeria.

Others are Samuel Ochecho Handball Federation of Nigeria, Senator Andul Ningi, Nigeria Hockey Federation, Brig Gen. Z L Abubakar, Nigeria Judo Federation, Sila Agara, Karate Federation of Nigeria, Yakubu Abubakar Kickboxing Federation of Nigeria, Arc. Adewunmi Adekunle, Nigeria Wushu Kungfu Federation, Rtd Rear Admiral Porbeni Festus, Nigeria Rowing, Canoeing and Yatching Federation, Comrade Iyorchia Grace Nigeria Rugby Federation.

Suleman Gora Nigeria Scrabble Federation, Maj. General Johnny Hamakim, Nigeria Shooting Federation, Oyerinde Adeboye, Nigeria Squash Federation, Chief Tikon Ishayaku, Nigeria Table Tennis Federation, Mrs. Margaret Binga, Nigeria Taekwondo Federation, Akindoju Olaoye Nigeria Tennis Federation, Usman Musa Traditional Sports Federation of Nigeria, Musa Nimrod, Nigeria Volleyball Federation, Tonobok Okowa, Nigeria Weightlifting Federation.

Edo State Moves To Boost Technical, Vocational Education In Junior Secondary

The Edo State Universal Basic Education Board says the state government plans to boost Technical and Vocational Education and Training with the recruitment of 3,000 teachers under the Edo Supporting Teachers to Achieve Result teacher recruitment programme.

The Chairperson, Edo State Universal Basic Education Board, Dr. Joan Oviawe, said the board had received orders from Governor Godwin Obaseki, to educate students on the requisite skills.

She said, “As you are aware, basic education extends to junior secondary school. We are trying to put in place the necessary tools that will make us roll this out. In line with that, we have the Edo Supporting Teachers to Achieve Result recruitment programme.

“We had over 38,000 applicants. Out of this, 11,000 were shortlisted for a computer-based test. From those that took the test, we will do a further review so that we can select the best 3,000 graduate teachers that will be hired amongst them. By the end of May, we ought to have shortlisted the new teachers.”

Speaking on the curriculum to drive the teaching of technical and vocational education, Oviawe noted that work has already commenced on the curriculum for junior secondary school.

She said the governor has the Board marching orders to educate students and have them acquire the requisite skills.

Skills acquisition is now a strong component of thr basic 7, 8 and 9 education system in Edo State.

Lagos State Trains 2,000 Primary School Teachers Under EKOEXCEL Initiative

The Lagos State Universal Basic Education Board (LASUBEB) has completed the final phase of training for 2,000 newly recruited primary school teachers on integration of technological devices for instructional classroom delivery under the EKOEXCEL initiative of Governor Babajide Sanwo-Olu.

According to LASUBEB, the training would not only empower and develop the newly recruited teachers and participating head teachers but also bring them up to speed with how knowledge is being impacted across other parts of the world by including technology in the basic education system.

The 2,000 teachers represent the final batch of teachers, who completed their training in a session phased in 3 batches.

All participating teachers promised to implement all they have learnt in the classrooms, noting the training will not only boost their confidence in the classrooms but also ensure their pupils are gainfully engaged in school.

West Bengal Board Cancels Class 11 Exams, Higher Secondary Exams To Hold As Scheduled

The West Bengal Council of Higher Secondary Education (WBCHSE) has announced the cancellagion of annual examination of class 11 due to an unprecedented situation across the country. All students of class 11 will be promoted to class 12 without exams.

However, Higher Secondary Examination (class 12) 2021 will be held in line with the schedule and in their home centres from 12 noon to 3:15 pm instead of 10 am to 1:15 pm.

The council released a circular stating that the decision has been taken in view of the pandemic.

Official statement by the council stated that as a result of the health crisis in the country and other reasons, the council has decided to cancel the annual examination of class 11.

The head of the Institution has accepted a requested to promote all candidates of Class 11 to Class 12 while topics of the reduced syllabus of Class 12 which are related to the Higher Secondary Examination to be completed within the first quarter of Class 12.

Ship Prepares To Ferry Chemicals Out Of Beirut Port

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A ship prepared to ferry dozens of containers of hazardous materials from Lebanon’s capital to Germany on Friday, according to managers of a cleanup project.

German firm Combi Lift was contracted to remove dangerous substances from the port after the explosion of hundreds of tonnes of fertiliser there on August 4 last year killed more than 200 people and ravaged large parts of Beirut.

The last of 59 containers was lifted onto the ship on Friday and Heiko Felderhoff, CEO of Combi Lift, said they would be disposed of in Germany.

Meanwhile, Elias Assouad, head of the Lebanese-German Business Council, says the project had cleared the port of “all toxic, cancerous, flammable and highly reactive chemicals that have been stored for decades.

He said the German firm had been expected “to deal with only 49 containers of hazardous material, but they ended up “handling more than 75, of which 59 will be shipped”.

A chemical expert managing the operation Michael Wentler told Newsmen after finishing the job in February that Beirut only avoided a second chemical inferno by chance.

Wentler had described festering chemical mixtures so corrosive they burned gaping holes right through massive shipping containers. Hydrochloric acid, a corrosive and toxic substance, made up 60 percent of the chemicals Combi Lift came across.

Russia Bars Eight EU Officials From Entry In Tit-For-Tat Move

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Russia’s foreign ministry says it has barred eight European officials from entering the country in retaliation to EU sanctions against Russian security officials over the jailing of Kremlin critic Alexei Navalny.

The Russian foreign ministry said those banned included Vera Jourova, vice president for values and transparency at the executive European Commission, and David Sassoli, the president of the European parliament.

Moscow said it was responding to sanctions imposed by the European Council last month against four top Russian security officials over the jailing of Kremlin critic Alexei Navalny and a violent police response to protests in his support.

In a statement, the Ministry accused the European Union of unilateral illegitimate restrictive measures targeting Russian citizens and organisations.

It added that such actions by the European Union leave no doubt that their true goal is to restrain the development of the country at any cost.

The list of European officials barred from Russia include officials from France and Germany, as well as Baltic states Estonia and Latvia.

One of Latvian officials, Ivars Abolins, in February supported his country’s decision to drop several Russian television channels.

Another official on the list, Asa Scott of the Swedish Defence Research Agency, helped confirm last year that Navalny was poisoned by the Soviet-era Novichok nerve toxin in August.

The EU and the US have imposed a series of sanctions on Russia over the poisoning and jailing of the critic.

Covid Disruption: Experts In UK Call For Compassion Training For Pupils In Catch-Up Plans

Experts in the United Kjngdom have called for pupils to receive compassion training under plans aimed at making up for education lost due to the Covid fiasco.

A leading group of academics and psychologists will write to the education recovery commissioner urging him to make sure young people and their teachers are “provided with the mental tools to overcome stress and trauma.

The letter, seen UK media, urged Sir Kevan Collins to include “compassion-based training and coaching” for students and staff in both primary and secondary schools in his catch-up plans. 

The group which includes education experts and clinical psychologists, said pupils have experienced “enormous stress, pressure, and disruption” due to the Covid-19 pandemic, which kept most children at home during two national lockdowns and changed the way examination results are graded.

They cited data showing a greater proportion of five to 16-year-olds were identified with mental health problems last July compared to in 2017, as well as a poll suggesting 52 per cent of teachers felt their mental health declined due to Covid.

The letter – signed by around 40 experts – said there were “innumerable mental challenges to be navigated” over bringing pupils and teachers back to a school environment and to make sure their education “will not suffer because of Covid”.

The education recovery commissioner is currently looking at ways to help children “catch-up” after the disruption of the past year.

Members of Kenyan Parliament Disagree on Creation of New Department at Education Ministry

Some members of Parliament in Kenya have questioned the creation of a new department to spearhead curriculum reforms under the Competency-Based Curriculum (CBC) terming it unnecessary.

In a heated debate in the House, a section of the MPs opposed the appointment of Prof Fatuma Chege as the new Principal Secretary for state department for the implementation of curriculum reforms in the Ministry of Education.

This is despite the House committee on education and research chaired by Busia Women Rep Florence Mutua tabling a report in parliament and recommenfing her appointment.

The report reads in part “The committee recommends that this house approves the nomination of Prof Fatuma Chege, PhD, for the appointment of the position of Principal Secretary for state department for the implementation of curriculum reforms in the Ministry of Education,”.

Uriri MP Mark Nyamita opposed the appointment saying that the Ministry of Education already has the Kenya Institute of Curriculum Development (KICD) which is a fully-fledged institution and deals with curriculum reforms.

The current Education Chief Administrative Secretary (CAS) Dr Sarah Ruto was also a former chair at the KICD before her appointment.

Nyamita said the President should instead consider reorganizing the Ministry of Education instead of creating a new department.

Suba East MP Junet Mohamed also questioned the appointment stating that there was no need for an additional state department to do a specific duty which can be done by the existing state department.

However, some MPs supported her appointment but faulted the implementation of the new curriculum in the country.

Majority leader Amos Kimunya moved a motion to postpone the debate saying the House needs to interrogate the issues further. National Assembly Speaker Justin Muturi adjoined the debate to resume at a later date.

President Uhuru Kenyatta created the new department and appointed Prof Chege to spearhead the implementation of the new curriculum in the country.

Currently the implementation of the curriculum is at Grade Four. Grade Five is set to be rolled out in July when third term is set to start.

Before her appointment Prof Chege, chaired the CBC taskforce committee and was the deputy vice chancellor in charge of administration at the Kenyatta University.

University Of Lagos Unveils Dates For 51st Convocation

The University of Lagos has announced June 30 to July 9 as days set aside for activities lined up for its 51st Convocation ceremony (2019).

According to a statement issued by the principal assistant registrar , Corporate Affairs of the institution, Nonye Oguama, a pre-convocation news conference that will herald activities lined up for the ceremony has been slated for June 30.

According to the statement, there would be a rehearsal for hooding ceremonies on July 1 at the School of Post Graduate Studies, various faculties and the Distance Learning Institute (DLI).

The statement added that Friday, July 2, has been set aside for the convocation ceremonies, special Jumat Service, while a Thanksgiving Service would hold on July 4.

According to the statement, there will be an Opening of Exhibition and Commissioning of projects, that will be preceeded by a convocation lecture on Monday July 5.

On Tuesday July 6, there will be a congregation for the award of first degree, diploma certificates and prizes to graduating students of the Faculties of Education, Social Sciences, Arts, Environmental Sciences and Sciences.

The congregation for the award of first degrees, diploma, certificates and prizes to graduating students of the Faculties of Law, Engineering, Management Sciences, Basic Medical Sciences, Clinical Sciences Dental Science, Pharmacy and DLI will come up on Wednesday, July 7.

The statement added that the ceremony for Post Graduate Degrees and Masters will also hold on the same day.

It revealed that the recognition and service award ceremony would hold on Friday, July 9.

In a related development, the statement said the university had set aside May 10 for resumption for the second semester of the 2020/2021 academic year and it would be fully physical.

The statement, however, noted that in cases where there would be large classes, it would go virtual. It noted that registration of courses would commence on Friday, April 30 to June 20.

Meanwhile, the Senate of the institution has appointed Obinna Chukwu as its new Deputy Vice Chancellor, Management Services.

Chukwu, a professor of marine sciences and one time Dean of School of Postgraduate Studies , is the current Director, Academic Planning, (Office of the Vice Chancellor) and the immediate past Director, Director Quality Assurance and SERVICOM Unit.

Also, a professor of political science and the immediate past Dean, School of Postgraduate Studies, Solomon Akingboye, has been elected as Senate representative in the institution’s Governing Council.