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NDIC gets commendation for ensuring safety, soundness of Nigerian Banking system
By Joseph INOKOTONG
Sterling Bank Plc has commended the Nigeria Deposit Insurance Corporation (NDIC) for its immense contribution to the safety and soundness of the Nigerian banking system since its inception.
The Management of the bank gave the commendation during a courtesy call and formal introduction of its new MD/CEO Mr. Abubakar Suleiman to the NDIC, last week.
The outgoing Managing Director/Chief Executive Officer of the bank, Mr. Yemi Adeola noted that in the entire financial system, the NDIC was renowned for the excellence of its Bank Examiners and the laudable reputation they earned through the quality of their reports.
The Sterling Bank team was received by the Managing Director/Chief Executive Officer (MD/CEO) of the NDIC Alh. Umaru Ibrahim along with the two Executive Directors of the Corporation, Prince Aghatise Erediawa and Mrs. Lola Abiola-Edewor.
A statement from the NDIC said the outgoing MD/CEO informed the Corporation’s Management that the procedure for the selection of the new CEO of the bank was rigorous and ably handled by reputable consulting firm, KPMG.
While expressing the hope that the courtesy call would further strengthen the excellent relationship between the Bank and the Corporation, the Management of the bank also seized the opportunity to brief the NDIC on the outlook of the Bank which includes the planned expansion of its Non-Interest Banking (NIB) window.
He informed the NDIC Management of plan by Sterling Bank to apply for a license for a stand-alone NIB as soon as possible, adding that the decision was informed by the feasibility studies conducted by the bank, judging from the potential market and financial resources of customers expected to embrace NIB.
The meeting also provided a platform to discuss the prospects and opportunities in the Nigerian Banking system along with its challenges.
In his response, the MD/CEO of the NDIC thanked the Management of Sterling Bank for the visit and promised to sustain the cordial relationship.
He expressed the hope that the appointment of capable hands into the banking system would improve the performance of the sector, and also assured the incoming MD/CEO of Sterling Bank Plc. of his support in ensuring the growth of the bank.
News
Super Eagles: Chelle Explains Decision to Invite New Players
Super Eagles head coach Éric Chelle has defended his decision to hand opportunities to several new players during the Unity Cup and the international friendly against Poland, saying the move is part of efforts to strengthen the national team.
According to DAILY POST, Chelle included eight home-based players in his squad for the Unity Cup invitational tournament as he continues to assess new talents capable of improving the team.
Players such as Femi Azeez, Owen Oseni, Arthur Okonkwo, and Rafiu Durosinmi all made their debut appearances during the competition.
Banik Ostrava defender Abdullahi Bewene also earned his first cap for the Super Eagles in the friendly against Poland, while Genk defender Christian Akpan received a late invitation for the upcoming friendly against Portugal.
Speaking to the Super Eagles media team, Chelle said the inclusion of fresh faces is aimed at raising the quality and competitiveness of the squad.
“We have analysed our game over the past year and have tried to bring in players who can help the team grow,” Chelle said.
“We need to improve because, for me and for everyone, it is often the smallest details that make the difference between being the best team and winning a trophy.”
The Malian tactician has continued to experiment with his squad since taking charge, with a focus on building a stronger and more competitive team ahead of future international competitions.
News
“I Left the Frying Pan for Hellfire” — Senatorial Aspirant Laments Exit from APC to NDC
Ehiozuwa Agbonayinwa, an aspirant for the Edo South Senatorial seat under the platform of the Nigeria Democratic Congress (NDC), has expressed deep frustration over his experience in the party, describing his defection from the All Progressives Congress (APC) to the NDC as “moving from the frying pan into hellfire.”
Speaking on Arise News’ News Day programme on Friday, the former member of the House of Representatives alleged that despite winning the party’s senatorial primary election, he is now being prevented from appearing on the ballot.
Agbonayinwa further accused the NDC’s national leader, Senator Seriake Dickson, of reneging on earlier encouragement for him to contest the Senate seat on the party’s platform. According to him, Dickson personally persuaded him to purchase the party’s expression of interest and nomination forms, only to later deny ever doing so.
“I have moved from the frying pan into hellfire,” Agbonayinwa said.
“After efforts to reach a consensus failed, we proceeded to a direct primary election. Party leaders brought all the aspirants together and encouraged us to step down for one another, but no agreement was reached.
“We went through a rigorous process. I understand the party is relatively new, but in all my years in both the APC and PDP, I have never witnessed this kind of situation. The primary election was held on May 29, and as of June 5, the results have still not been officially announced.”
The former lawmaker said he was particularly disappointed by the role allegedly played by Dickson, whom he described as a longtime friend and respected associate.
“Before joining the NDC, I reached out to Senator Seriake Dickson and later visited him at his residence. During our discussion, he asked why I could not pursue a Senate seat under the NDC platform.
“At the time, I was considering contesting for the House of Representatives, but after his suggestion, I told him I would consult with my political leaders. After doing so, I informed him of my decision and thanked him. To my surprise, the same person who encouraged me to obtain the nomination form has now claimed he never made such a recommendation,” he stated.
Agbonayinwa maintained that the handling of the primary election process has left him frustrated and disillusioned, raising concerns about transparency and internal democracy within the NDC.
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Some Nigerians Have Turned Insecurity Into a Commercial Venture — PDP Chieftain
A chieftain of the Peoples Democratic Party (PDP), Anthony Ehilebo, has expressed concern over the worsening security situation in Nigeria, alleging that some individuals now view insecurity as a profitable enterprise.
Speaking on News Central’s Politics HQ on Friday, Ehilebo said the failure of authorities to bring perpetrators of major terrorist attacks and kidnappings to justice has contributed to the continued spread of insecurity across the country.
He cited the abduction of schoolgirls in Borno State and the attack on students in Buni Yadi as examples of incidents in which those responsible have not been adequately held accountable.
“When Boko Haram kidnapped girls in Borno State, till today we have not found those responsible and held them to account. Buni Yadi happened and nobody was held to account, and it spread to other schools,” he said.
Ehilebo noted that insecurity in Nigeria has evolved into different dimensions, including terrorism driven by extremist ideology and criminal activities motivated by financial gain.
“There are multiple facets and there is one that is solely domiciled within terrorism and if you look at the literal translation of Boko Haram, it means western education is haram according to radical Islamic teachings,” he stated.
He also alleged that some people now engage in kidnapping and related crimes for economic reasons, citing a recent case involving a senior special assistant in a state government who was reportedly arrested for allegedly staging her own abduction in an attempt to obtain ransom from the government.
“It has now become an industry and a commercial venture for some and for some it has become literally a religious thinking process,” he said.
The PDP chieftain argued that the lack of consequences for criminal acts has encouraged the persistence of insecurity, stressing that stronger political will is required to address the challenge effectively.
“The bottom line that has kept this is the consequence, which is almost driven by political will,” he added.
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