News
4th AGM: Adamawa Beverages Record N3.8bn Turnover
By James Johnson Yola
Despite the harrowing political situation in 2015 and the uncertainty of economic situation in the country, Adama beverages Nigeria limited was able to achieve the turnover of 3.8billion naira as against 3.5billion naira recorded in 2014 to consolidate and stabilize its production to obtain optimum capacity level.
At the 4th Annual general meeting of the company held in Yola, shareholders, directors and staffs of the company were informed of the quantum leap in its area of operation.
The Chairman Board of directors, Mr. Akin Kekere Ekun in his AGM statement said, “We have attained the optimum production capacity level of the Table Water Plant 1 and Table Water Plant 2 and also commissioned a 40,000 bottles per hour plant in the year under review”.
He described it as the turning point in the history of Adama Beverages as it is aimed at making it brand – Faro Water available in the whole country.
Mr Akin Kekere Ekun who was represented by Alhaji Adamu Modibbo, also told the shareholders and directors that it is now focused towards attaining higher turnover as well as expanding the asset base and increased profitability.
Towards achieving this, he said the company has acquired 2.4 hectares of land connected to the existing factory complex facing Numan high way noting that it will be used to construct a befitting corporate head office complex and also plan for future expansion and diversification.
The Adama Beverages board chairman also told the August 4th AGM gathering that the company in conjunction with the Standard Organization of Nigeria (SON) has started the process of having the international certifications of their products, and system (ISO)
International Standard Organization noting that the process is expected to be concluded by the end of 2016 to pave way for the company to have its international certification (ISO) by early next year.
Investigations by Nigerian Concord Newspaper reveal that the Executive Secretary of the Nigerian Shippers Council, Mr. Pius Akutah, has allegedly misappropriated public funds for a lavish lifestyle.
According to our findings, within months of assuming office, Akutah allegedly purchased a bulletproof SUV valued at approximately N850 million. In addition, he is reported to have acquired over twenty exotic SUVs for use as a convoy.
Akutah is also said to have acquired multiple high-value properties, including three in Abuja’s Maitama and Asokoro districts worth over N2 billion, and two in Lagos’ Banana Island valued at N1.8 billion. These acquisitions appear far beyond the scope of his official salary and allowances.
Further investigation suggests that Akutah may be using public funds to support political ambitions, including allegedly grooming militants across 23 local government areas in Benue State for a potential 2027 gubernatorial bid.
Staff of the Shippers Council reportedly claim that Akutah frequently accesses the council’s treasury without proper authorization. Some insiders have indicated that a petition will soon be filed with the EFCC, ICPC, and the Presidency to report his alleged misconduct.
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Investigations by Nigerian Concord Newspaper reveal that the Executive Secretary of the Nigerian Shippers Council, Mr. Pius Akutah, has allegedly misappropriated public funds for a lavish lifestyle.
According to our findings, within months of assuming office, Akutah allegedly purchased a bulletproof SUV valued at approximately N850 million. In addition, he is reported to have acquired over twenty exotic SUVs for use as a convoy.
Akutah is also said to have acquired multiple high-value properties, including three in Abuja’s Maitama and Asokoro districts worth over N2 billion, and two in Lagos’ Banana Island valued at N1.8 billion. These acquisitions appear far beyond the scope of his official salary and allowances.
Further investigation suggests that Akutah may be using public funds to support political ambitions, including allegedly grooming militants across 23 local government areas in Benue State for a potential 2027 gubernatorial bid.
Staff of the Shippers Council reportedly claim that Akutah frequently accesses the council’s treasury without proper authorization. Some insiders have indicated that a petition will soon be filed with the EFCC, ICPC, and the Presidency to report his alleged misconduct.
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I am writing to felicitate with Your Excellency, Atku Abubakar, GCON, former Vice-President of Nigeria (Zege Mule u Tiv & Wazirin Adamawa)
on the occasion of your 79th birthday anniversary.
I join your teeming admirers globally in celebrating you on this special day, an adorable Statesman and my Boss.
I recall with nostalgia, how countless generations have benefited from your generosity, wealth of experience and benevolence including being my key benefactor even as a young lawyer for my professional success.
Your Excellency, may your special day be filled with grandeur befitting your illustrious career.
I wish you continued success, prosperity, and an unending stream of accolades.
It takes a remarkable kind of fortitude to remain active in public life well into one’s golden years. Your dedication and patriotism remain truly exceptional.
May you enjoy a day of reflection on your many years of fruitful service to humanity. It is my prayer that God Almighty grants you many more healthy, fruitful, and fulfilling years ahead, and continues to endow you with wisdom, strength, and the grace to keep contributing to our nation-building.
Happy Birthday, Your Excellency.
Michael Kaase Aondoakaa SAN.
Former Attorney General of the Federation and Minister of Justice
TAU reaffirms commitment to globally competitive learning
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