Fidelity Bank Plc. is partnering with Africa’s Young Entrepreneurs (A.Y.E) to empower entrepreneurs in Nigeria. The partnership agreement between both organizations, signed recently, will strengthen the on-going efforts and initiatives of A.Y.E in developing and supporting future business leaders. It will also afford Fidelity Bank the opportunity to offer financial and technical advisory services to enhance the competitiveness and dynamism of young Nigerian entrepreneurs.
With a network of over 12.6 million members across the continent and 1.6 million Nigerian members, A.Y.E is the largest network of entrepreneurs in the world. The organization uses conferences, workshops and motivational talks to share practical information on how to develop and manage businesses. As one of Nigeria’s top lenders operating out of over 240 business offices and other numerous e-channels, this is in tandem with Fidelity Banks’ unique solutions to supporting small businesses and practical steps in hand holding and guiding entrepreneurs to building sustainable businesses.
“The partnership was made possible because we share the same ideals on entrepreneurship and job creation. In line with the Federal Government’s Economic Diversification Plan, more employment opportunities lead to poverty alleviation, improved food security and GDP growth” said CEO Fidelity Bank, Mr. Nnamdi Okonkwo at a media parley in Lagos on Wednesday November 22, 2017.
A.Y.E encourages social entrepreneurship with role models, powerful mentors, social innovators, thought leaders, forward thinking investors and people passionate about addressing a range of societal and environmental challenges. These stakeholders gather every once in a year in what is tagged the ‘Networking with the Giants Conference’. The 3rd Annual Conference which is the 2017 edition is billed to hold in partnership with Fidelity Bank on the 30th of November, 2017 in Lagos.
The annual conference, according to the President of A.Y.E, Mr. Summy Smart Francis, is an exceptional platform for some of the world’s most accomplished business leaders to network with perhaps the brightest entrepreneurs in Africa. “It provides ample opportunity for individuals with vibrant business ideas to network with established industry leaders, policy makers and outstanding investors from around the globe to draw priceless, life-transforming inspirations from success stories” he stated.
Prominent business leaders and organizations expected to attend the conference include: the majority shareholder in Africa’s largest retail store, Shoprite Holdings; Dr. Christoffel Wiese, Africa’s richest black woman, Mrs. Folorunso Alakija, former President Olusegun Obasanjo, former Governor of Lagos State, Asiwaju Bola Ahmed Tinubu, Alhaji Atiku Abubakar, Delta State Governor; Dr. Okowa, Borno State Governor; Alhaji Kashim Shettima, Mr. Philip Auerswald (U.S.A), Mr. Fela Durotoye amongst others.
With the calibre and diversity of industry leaders billed to attend the conference, Fidelity Bank and A.Y.E are keen on reawakening the latent entrepreneurial spirit in the youth population. Both organizations are committed to identifying burgeoning start-ups with exceptional ideas and showcasing their potentials to the entire world.
“As a Bank, we are committed to growing the economy and in pursuit of this, we are constantly searching for critical partners that are closely aligned to our strategic objectives. A.Y.E is one of those partners”, Mr. Okonkwo said. Speaking in the same vein, A.Y.E President said that the partnership is in line with efforts at building the next generation of outstanding leaders, who will shape the economic landscape of the continent. “We are encouraged by this collaboration with Fidelity Bank which without doubt, will enhance amongst other things, our entrepreneurship advocacy and empowerment objectives” he stated.
Awosika Replaces Belo-Olusoga as Access Bank Chairman
Mrs Ajoritsedere Awosika has been announced as the new Chairman of Access Bank Plc. She will replace the present occupier of the position, Mrs Mosun Belo-Olusoga, who is expected to retire in January 2020.
A statement issued by the lender explained that Mrs Belo-Olusoga will retire from the post on January 8, 2020 on completion of her maximum 12-year term limit allowed by the Central Bank of Nigeria (CBN)’s Code of Corporate Governance for Banks and Discount Houses.
In the statement, Access Bank said Mrs Belo-Olusoga, who became the Chairman of the board in July 2015, confirmed that she has no disagreement with the board and there are no issues relating to her retirement that need to be brought to the attention of the shareholders of the company or the regulatory authorities.
‘The board of directors of Access Bank Plc is pleased to announce that its Chairman, Mrs Mosun Belo-Olusoga, will be retiring in January 2020.
“This follows her completion of the maximum 12-year term limit allowed by the Central Bank of Nigeria’s Code of Corporate Governance for Banks and Discount Houses. Mrs Belo-Olusoga became the Chairman of the Board in July 2015.
“Mrs Belo-Olusoga has confirmed that she has no disagreement with the Board and there are no issues relating to her retirement that need to be brought to the attention of the shareholders of the Company or the regulatory authorities,” a part of the notice read.
It also thanked Mrs Belo-Olusoga for her contributions to the bank’s transformational growth, wishing her successor, Mrs Awosika, success in her new appointment.
The lender said the appointment of Mrs Awosika as its new Chairman was in line with its robust leadership succession plan so as to lead the company to its the next phase of transformation into becoming Africa’s Gateway to the World.
Mrs Awosika joined the board in April 2013 as an Independent Non-Executive Director and has been the Chairman and Vice Chairman of the Board Credit and Finance Committee and the Board Audit Committee respectively in addition to membership of other Board Committees.
She is an accomplished administrator with over three decades experience in public sector governance. She was at various times, the Permanent Secretary in the Federal Ministries of Internal Affairs, Science & Technology and Power.
Mrs Awosika is a fellow of the Pharmaceutical Society of Nigeria (PSN) and the West African Postgraduate College of Pharmacy. She holds a Doctorate degree in Pharmaceutical Technology from the University of Bradford, United Kingdom.
She is the Chairman of Chams Plc and Josephine Consulting Limited and a Non-Executive Director of Capital Express Assurance Ltd.
FirstBank Lagos Amateur Open Golf Championship Achieves Global Recognition, Gets Listed In the WAGR
Nigeria’s premier and leading financial services provider, First Bank of Nigeria Limited has announced that the FirstBank Lagos Amateur Golf Championship scheduled to Tee-Off on Friday, 15 November 2019 is now listed amongst the golf tournaments in the World Amateur Golf Ranking (WAGR). The WAGR is offered by the R&A and the United States Golf Association as a global service to golf. Through incorporation and assessment worldwide of both amateur and professional events, WAGR™ encourages the international development of the competitive game.
Since 1894, FirstBank has continued to promote the growth and development of sports in Nigeria. Apart from the Lagos Amateur Golf Championship which the Bank has supported for 57 years, the Bank has sponsored the Georgian Cup of the Kaduna Polo Tournament for 100 years. Other sports supported by the Bank include; the Dala Hardcourt Tennis, Kano for 32 years and for over a combined 30 years, the Bank has sponsored and owned the popular Elephant Girls Basketball club – which has remained a dominant force in the Nigerian Women Basketball league for many years – and the Elephant boys football club. The highpoint of these is the 2019 100th unbroken years of sponsoring the Kaduna Polo Tournament, widely attributed as the longest running sports sponsorship in the world and a Guinness Book of Records potential.
The 56-hole golf tournament, to be played over three days would be rounded off with a grand finale and awards ceremony on Sunday, 17 November 2019. Other activities to be held in the course of the tournament are the “Professional Coaching Clinic” to nurture the skills of young and upcoming talents and “Beat the Pro Skills competition”. The 2018 edition which had over 260 golfers in attendance was won by Sam Njoroge from Kenyan.
Speaking on the Bank’s sponsorship of the tournament, Dr. Adesola Adeduntan, Chief Executive Officer, First Bank of Nigeria Limited said; “We are excited at the giant strides achieved with the FirstBank Lagos Amateur Open Golf Championship. The championship is now one of the international golf events where all amateur golfers worldwide can now participate and amass points to aid their WAGR rankings.”
“FirstBank has been in the business of supporting sports in Nigeria throughout its 125 years of existence. We have partnered with individuals and institutions to provide support, not only in the sports arena, but also in Education, the Arts and Small and Medium Enterprises”, he concluded.
FirstBank Partners With CFA Society Nigeria To Host 2019 Ethics Challenge Competition
In the furtherance of the Bank’s commitment to promote business ethics, professional excellence and education, reflected in the Bank’s Endowment programme – the Samuel Asabia Chair for Business Ethics at the University of Lagos – First Bank of Nigeria Limited for three consecutive years is partnering with CFA Society Nigeria to host its annual flagship event, the Ethics Challenge, scheduled for Friday & Saturday, 15 -16 November 2019 in Abuja and Lagos for the regional and national levels respectively.
The Ethics Challenge is designed to increase students’ awareness of the ethical dilemmas and issues they may face when they enter the investment management industry. At the Ethics Challenge, students are given an ethics case study to analyze, evaluate, recommend and present to a panel of judges. To determine the winning team, the judges provide feedback based on the identification and understanding of the ethical issues in the case, the recommendations provided with the depth of the analysis, quality of the presentation, and responses to the judges’ questions.
The 2018 winner, Obafemi Awolowo University, would compete with 15 other higher institutions in the country to defend its trophy. Babcock University, Bowen University, Covenant University, Federal University of Technology Akure, Mountain Top University, University of Calabar, University of Ibadan and University of Lagos are the schools competing in the Lagos preliminary round.
Other schools are University of Abuja, University of Maiduguri, Bayero University, University of Ilorin, University of Nigeria and Madonna University in the Abuja based preliminary round.
The competition will be judged by Mrs. Adeola Asabia, Member, Board of Trustees, Business Ethics Chair, University of Lagos; Musa Bagudu, CFA, Head, External Funds Management Office, Central Bank of Nigeria; Kunle Anida, CFA, Director, Deals Advisory, PWC Nigeria amongst others.
According to CFA Society Nigeria President, Mr. Banji Fehintola, “The annual Ethics Challenge embodies CFA Society Nigeria’s mission to promote the highest standards of ethics in our investment and financial services industry. It touches on many of CFA Institute’s Future of Finance six areas of focus which include: Transparency and Fairness, Regulation and Enforcement, and Safeguarding the System. It also promotes ethical awareness and fosters a healthy investment industry that works for the ultimate benefit of society. Through our collaboration with First Bank of Nigeria Limited to run this competition annually, we will continue to invest in our university students and we hope to build the commitment of our future professionals to operate according to sound ethical principles”.
Expressing her delight on FirstBank’s support and participation in the CFA Ethics Challenge, the Group Head, Marketing & Corporate Communications, First Bank of Nigeria Limited, Folake Ani- Mumuney said “through our 125 years of existence, we at FirstBank pride ourselves in being exemplary in ensuring that global best practices are upheld in adherence to ethical standards across our organizational practices and activities.
“We recognize the impact of the CFA Society Nigeria through its giant strides in fostering Code of Ethics and Standards of Professional Conduct amongst university students and other touch points in the society in preparing them to overcome ethical challenges that they may face in the workplace environment “.
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