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Access Bank Appoints Two New Directors

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Access Bank Plc has announced the appointment of Dr Okey Nwuke and Mrs Ifeyinwa Osime as its Non-Executive Director and Independent Non-Executive Director respectively.

In a notification published on the website of the Nigerian Stock Exchange, the lender made it known that the appointments were subject to the approval of the Central Bank of Nigeria.

The bank, however, noted that the appointees’ wealth of experience would be a great addition to the existing mix on the Board.

Dr Nwuke has over 28 years of experience in finance and corporate governance working with top corporate and leading commercial banks in Nigeria.

He is a Fellow of both the Institute of Chartered Accountants of Nigeria (ICAN) and Chartered Institute of Taxation of Nigeria (CITN), an honorary member of Chartered Institute of Bankers of Nigeria (CIBN) and a member of Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN).

Nwuke has considerable expertise in credit analysis and bank financial management through professional training as a chartered accountant and from relevant on the job training.

He is deeply versed in management of financial institutions having held Executive Director position in Access Bank from 2004 to 2013.

He also served as the Chairman of the Board of Directors of the Bank’s subsidiaries in Rwanda and Burundi and was a pioneer Non-Executive Director of StanbicIBTC Pension Managers Limited representing the Bank.

Nwuke’s key competencies span across finance, strategy development and execution, organizational restructuring and transformation, leadership and change management.

He joined the Board of Coscharis Group in August 2014 and is currently responsible for the strategic drive to position it for sustainability beyond the founder’s lifetime.

He currently chairs the Shareholders’ Audit Committee of NASCON PLc.

He holds a B.Sc. Degree in Accountancy from University of Nigeria, Nsukka and an MBA (Distinction) in International Banking and Finance from the Birmingham Business School, United Kingdom.

Nwuke also holds a Doctorate Degree in Business Administration (DBA) from Walden University, Minnesota, USA with a research focus on leadership transition challenges in family businesses.

He has been exposed to leadership and professional development programmes at globally renowned institutions.

On the part of Osime, she is a versatile and result-oriented professional with over 30 years of experience in the insurance industry and commercial legal practice at management and board levels.

She has deep knowledge and experience in the management of administrative, legal, and company secretarial functions in financial and other related institutions.

She had championed and established a special needs programme which is actively involved in the management and care of children and young people with special needs.

She is currently a Partner at Macpherson Legal Practitioners, a Lagos-based law firm.

Osime is an Independent Non-Executive Director of WAPIC Insurance Plc and WAPIC Life ltd.

She was the former Chairperson of PHB Healthcare Limited, former Director, Bank PHB Plc (now Keystone Bank Limited) and a former Director, Insurance PHB Limited (now KBL Insurance).

She was the Company Secretary/Legal Adviser of African Development Insurance Company Limited (now NSIA Insurance) between 1989 and 1997.

She holds an LLM Degree from University of London (1989) with specialization in Corporate and Commercial Law and an LLB Degree from the University of Benin (1986).

She is a member of the Institute of Directors and has attended several leadership and professional development programmes at globally renowned institutions.

While commenting on the appointments, the Chairman of the Access Bank Plc, Mosun Belo-Olusoga, said the appointments were in line with the bank’s transformation phase.

Belo-Olusoga stated “We are very delighted to welcome the new appointees to the Board of Access Bank. These individuals have been chosen based on their exceptionally rich, professional, academic and corporate board experiences which are all relevant to the needs of our Board.

She added “As we prepare for the next phase of our enterprise transformation, we continue to strengthen our board diversity. We are strongly convinced that their skills will no doubt add significant value to our quest to becoming Africa’s Gateway to the World”.

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Winners Of 2019 FirstBank Sponsored National Company Of The Year Competition Contest In The Africa Company Of The Year Competition

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First Bank of Nigeria Limited has announced that Taidob College Abeokuta, the 2019 winners of the National Company of the Year competition organized by Junior Achievement Nigeria would compete against student teams from 10 other Junior Achievement member countries across Africa. The student team contestants comprise representative from the Kingdom of Eswatini (Swaziland), Ghana, Zambia, Gabon, Uganda, Zimbabwe, Mauritius, Botswana, Kenya and South Africa. The event is scheduled for Friday, 6 December 2019 at Alisa Hotel in Accra, Ghana.

The African stage of the National Company of the Year competition is a buildup and sequel to the national event hugely competed by 12 student companies from across the country, including the eventual winner Taidob College Abeokuta. Terra Kulture, Lagos played host to the event on 3 October 2019.

Speaking on the event, Folake Ani-Mumuney, Group Head, Marketing & Corporate Communications, First Bank of Nigeria Limited said “the youngsters from Taidob College are indeed not just solution providers, but also life savers. The impact of their innovation – the Gas Leakage Detector – would go a very long way at solving the problem of fire outbreaks due to gas leakages in homes, offices, and industries. I no doubt believe that they would make Nigeria and indeed the rest of Africa proud at the competition. We are delighted to associate with them and congratulate Junior Achievement on the feats so far attained”.

Last year, Inventive Explorers, from Caro Favored College Ajegunle, emerged the grand winners at the Africa Company of the Year competition in Ghana. Their rechargeable handheld LED traffic lights has solved a real problem in various congested communities and reduced traffic accidents, especially in areas with school children crossing busy streets. Over the years, FirstBank has been at the forefront of partnering with Junior Achievement Nigeria in Company of the year program and competition.

The National Company of the Year Competition (NCOY) is an annual flagship event by Junior Achievement Nigeria’s (JAN), which convenes the winners of the JA Company Program Regional Competitions across Nigeria together to compete for the National Company of the Year Award. The national winner then proceeds to represent Nigeria against other JA Africa member-nation companies.

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Keystone Bank boosts workplace engagement and productivity

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In demonstration of its commitment to promoting fitness, healthy living, fostering effective and healthy workplace collaboration amongst its staff and their family members, Keystone Bank Limited, has announced the launch of a sporting event tagged, Keystone Bank Inter-divisional Games (KIG).

According to the lender, the initiative is part of the bank’s objective in creating a better working relationship on the job thereby boosting performances and building a positive work atmosphere with employee welfare and development at its crux.

At the maiden edition held at the main bowl of the prestigious University of Lagos Sports Centre on Saturday, November 23, 2019, the exhilarating event was a culmination of various sporting activities such as football, table games and track & field. The business divisions within the bank which were grouped into four teams (White Lions, The Bulls, Phoenix and Warriors) competed in games such as sprint, chess, sack race and football. It was indeed a relaxed fun-driven atmosphere where colleagues competed for the glory of winning at the games. Families and friends who attended were also not left out, as they spent time with loved ones bonding and the children thrilled with much excitement.

Speaking on the initiative, Keystone Bank executive director, Olaniran Olayinka said: “Maintaining work-life balance helps reduce stress and helps prevent burnout in the workplace, particularly, as chronic stress is one of the most common health issues in the workplace. It is in view of this that KIG was initiated.

“KIG has enabled the vibrant employee force of Keystone Bank to foster better relationships outside the office which would impact on a better working relationship on the job thereby boosting performances and workplace happiness.

“We will build on the good that has been done in this maiden edition as we push to make Keystone a great place to work.”

Keystone Bank is a technology and service-driven commercial bank offering convenient and reliable solutions to its customers.

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Meet the 25-year-old engineer who manufactured Nigeria’s first ‘carbon fibre’ sports car

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Jerry Mallo, a 25-year-old fabrication engineer and chief executive officer (CEO) of Bennie Technologies LTD, has manufactured Nigeria’s first ‘carbon fibre’ sports car called ‘Bennie Purrie’.

The car was launched on Thursday at the Transcorp Hilton, Abuja.

Speaking during the event, the Plateau-born engineer disclosed that the sports car is the first of many more innovative products he will be manufacturing.

He also appeared on ‘Driving Local Innovation,’ a segment on Channels Television’s Sunrise Daily on Friday, where he explained that the love for luxury vehicles in Nigeria and Africa informed his drive to manufacture such car.

“In Europe, we learnt that making the car is just half of the challenge, and selling it is the other half; Africa is usually is the target place to sell these vehicles, so I feel there’s a big market for it here,” he said.

He added that the availability of the resources for fabricating the car also facilitated such innovation.

Giving the specifications of the car, he said fibre was used in producing the Bennie Purrie so as to enable it withstand shocks in case of an accident.

He added that lack of shock absorbers in aluminium made ones often account for deaths of people whenever a crash occurs.

The car has since been drawing commendations from several quarters, with many using it as a reference to push for made in Nigeria products.

The Plateau state government, who sponsored the unveiling of the innovation at Abuja, also took to his social media handle to commend Mallo, with a picture of Governor Simon Lalong posing inside the car.

“Plateau ingenuity and innovation on the rise as Governor Lalong’s support for young entrepreneurs yield more results. Gov. Lalong unveiled the BENNIE PURRIE, a sports car manufactured by Jerry Mallo of Bennie Agro & Automobile Technology Ltd,” it wrote.

Mallo, however, disclosed that those willing to purchase the sports car will have to wait for two more years when the fabricator will be ready to create one fit for public use.

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