“The boards of Standard Bank Group and SBSA express sincere gratitude to Dr Guan and Mr Peterside for their exemplary leadership and significant contribution during their tenure on the boards; and wish them well in their future endeavours’’ The founder of Stanbic IBTC Bank, Atedo Peterside, has retired as a non-executive director of the lender. Peterside who took to his X handle today stated that appreciated both lenders: Stanbic IBTC & @StandardBank ZA, saying “This has been an incredible 35-year journey that ends today, 10 June…
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Minimum wage talks: Labour considers N100,000, Tinubu issues ultimatum
President orders minister to calculate cost, Labour gives one-week ultimatum Organised Labour may settle for N100,000 minimum wage as the Tripartite Committee on National Minimum Wage commences daily meetings for five days to reach a consensus.Multiple sources in the labour movement told The PUNCH on Tuesday that the union leaders were willing to review their demand from N494,000 to N100,000, following the criticism and controversy that trailed their proposal which was considered outrageous and unrealistic.In a statement by his media aide, Rabiu Ibrahim on Saturday, the Minister of Information…
Read MoreThe coming chaos in the banking industry
By Gambo Dori The hammer wielded by the Central Bank of Nigeria (CBN) that suddenly fell on Heritage Bank is, from my perspective, a forerunner to the coming chaos in the banking industry. A few days ago, the country woke up to the CBN’s announcement withdrawing the licence of the Heritage Bank. The bank has been tottering for quite some time. In the few days before the hammer descended, there was the classic run on the bank, with depositors thronging its premises but failing to make withdrawals from their accounts.…
Read MoreUgochinyere’s Orlu State gambit
By Chekwube Nzomiwu Rep. Ikenga Imo Ugochinyere Sir: Over the years, the people of the South-East geo-political zone have been clamouring for an additional state to bring them at par with the other five geo-political zones in the country. The North-East, North Central, South-South and South-West have six states each. The North-West has seven. Unfortunately, we have only five states in the South-East. In alphabetical order, they are Abia, Anambra, Ebonyi, Enugu and Imo states. Although the zone is predominantly populated by Igbo ethnic group, it has very minute…
Read MoreASITU Hails Imo NASS Members’ Move For Additional State In South East.
The National President of Association of Igbo Town Unions (ASITU), Chief Emeka Diwe, has rained praises on Dist.Sen Osita Izunaso, Senator representing Imo East Senatorial Zone (Orlu Zone) at the Senate, and his counterpart in the green chamber, Hon. Ikenga Ugochinyere Ikeagwuonu , member, representing Ideato North and South in the House of Representatives, for their efforts in ensuring that additional state is created for South East Zone, bringing the total number of states in the zone to six. The ASITU boss said the effort by the Lawmakers to…
Read MoreImo Charter Of Equity, Orlu Monarchs And Enye-ndi-ebe, Enye-ndi-ebe
According to the immortal prose writing lord and acclaimed godfather of African literature, Prof Chinua Achebe, “an old man never stays at home and watch helplessly while the mother she-goat delivers in tethers.” Again, it is a generally held aphorism in Igbo cultural worldview that “what an elder sees while sitting down, a child who climbs even an Iroko tree might not see it.” The above aphorisms are indeed, words of wisdom. Aware of their sacred obligations to both the physical and metaphysical entities in Imo State, traditional rulers…
Read MoreDemocracy Day: Anyanwu Felicitates Nigerians, Describes System As A Journey, Not A Destination.
..Says: Corruption, primitive wealth acquisition,bane of development Senator Samuel Nnaemeka Anyanwu has congratulated Nigerians on this year’s Democracy day, urging the citizens to be more determined in ensuring that the system works in the country.Sen.Anyanwu, who was the PDP candidate in the November 11, 2023 Governorship election in Imo state opined that despite its imperfection; democracy remains the best option for Nigeria as a country.The former Senator hopes that through the determination of the citizens and their active participation in the democratic process, Nigerians can achieve a truly great…
Read MoreIdeato Reps Member, Ikenga, 34 Others, Want All Election Petitions Cases Determined Before Swearing- in
… “Bill will transform, Unite Nigeria”. Thirty five members of the House of Representatives led by the member representing Ideato Federal Constituency , Hon. Ikenga Imo Ugochinyere have introduced Bills seeking to amend the Constitution of the Federal Republic of Nigeria, 1999 (as Amended) to limit the period which any individual can serve as President of Nigeria and State Governor from two terms of four years each, to a single year tenure of six years. The Reps members also seek for rotational Presidency and Governorship, conduct of all elections…
Read MoreEnough Of This Attempt To Gag Imo Journalists
The media all over the world function as watchdog of society. Journalists whose role in holding political leaders accountable for their actiins, are protected by Section 22 of the 1999 Constitution As Amended, are the main actors in the media industry. It is however, shocking how politicians fume each time journalists attempt to carryout their mandates as enshrined in the constitution. As an American journalist, Fred Fedler wrote, “Journalism is built on reporting government.” More than 70 percent of media reports mostly cover issues of governance. So, no politician or…
Read MoreAs OPOCA Admits Samdaddy’s Victory.
By Lancelot Obiaku Let us go straight down to business. Over time, it has been proven that if the Orlu Political Consultative Assembly (OPOCA) ever speaks, it speaks for Gov. Hope Uzodimma. If it is silent, it is because its silence represents the interest of the Governor at that time. The man who calls himself the supreme leader of the quasi-political group has just been reappointed as Commissioner by the Governor. Mr. Rex Anunobi, without prejudice to him, has a reputation for sniffing around any government in…
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