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Annual General Meeting (AGM)

  •  The Nigeria Security and Civil Defence Corps NSCDC Kaduna Command Cooperative Society says it will embark on gas plant business to generate more revenues for its members The President NSCDC Cooperative Society Kaduna command ASC I Sunday Haruna said this during its Annual General meeting on Wednesday in Kaduna Haruna said the management of the society collectively agreed to embark on a Gas Plant business According to him after taking a look at outside business opportunities the society finally resolved to embark on a Gas Plant project subject to approval by the congress Haruna said the management had concluded to start the process of introducing an accounting software as agreed by the congress in the last Annual General Meeting AGM He said the management believed that the software would help in curtailing over deductions guarantee accurate records and reduce chances of assets depletion in the society He said to achieve this a proposal was made and it was decided that each member should contribute not less than N1 500 only He stated that the software was designed in such a way that members would receive monthly alerts of deductions and make possible adjustments before finally sending it to national headquarters for implementation It will enable members to also know their financial status in the society without necessarily visiting the society s office complex On the success recorded in 2021 Haruna said the society in 2021 received 114 new members making the total membership strength 866 as at Dec 31 2021 He said there were renewed commitments from members in stepping up their monthly contributions to meet the required 5 per cent provision of the bye law which is highly commendable We want to sincerely use this medium to re emphasise and call on those who are still contributing below the stipulated 5 per cent to step up their contributions This will go a long way in boosting the capital base of the society and guarantee more investment opportunities as well as meeting the yearnings and aspirations of members he said Haruna said after receiving the approval of the congress the management was able to close the gap of loan deficits in the society through a productive collaboration with Stanbic IBTC bank which granted a facility worth N500 million to the society and out of which N230 million had been disbursed to members who applied and were qualified at different levels and capacity This actually reduced pressure on the society and also provided an opportunity for recouping and generating more income into the society he said Haruna said the opportunity is still open to those who would want to access the facility He pledged to always remain focused and steadfast in working to strengthen and lift the society to a greater height In his remarks the Commandant NSCDC Mr Godwin Miebi lauded the management of the society for giving good account for the 2021 financial year Miebi said saving for the future is a great relief to families He encourage non members to join the society to enjoy dividends Source Credit NAN
    NSCDC Kaduna cooperative society to embark on gas plant business
     The Nigeria Security and Civil Defence Corps NSCDC Kaduna Command Cooperative Society says it will embark on gas plant business to generate more revenues for its members The President NSCDC Cooperative Society Kaduna command ASC I Sunday Haruna said this during its Annual General meeting on Wednesday in Kaduna Haruna said the management of the society collectively agreed to embark on a Gas Plant business According to him after taking a look at outside business opportunities the society finally resolved to embark on a Gas Plant project subject to approval by the congress Haruna said the management had concluded to start the process of introducing an accounting software as agreed by the congress in the last Annual General Meeting AGM He said the management believed that the software would help in curtailing over deductions guarantee accurate records and reduce chances of assets depletion in the society He said to achieve this a proposal was made and it was decided that each member should contribute not less than N1 500 only He stated that the software was designed in such a way that members would receive monthly alerts of deductions and make possible adjustments before finally sending it to national headquarters for implementation It will enable members to also know their financial status in the society without necessarily visiting the society s office complex On the success recorded in 2021 Haruna said the society in 2021 received 114 new members making the total membership strength 866 as at Dec 31 2021 He said there were renewed commitments from members in stepping up their monthly contributions to meet the required 5 per cent provision of the bye law which is highly commendable We want to sincerely use this medium to re emphasise and call on those who are still contributing below the stipulated 5 per cent to step up their contributions This will go a long way in boosting the capital base of the society and guarantee more investment opportunities as well as meeting the yearnings and aspirations of members he said Haruna said after receiving the approval of the congress the management was able to close the gap of loan deficits in the society through a productive collaboration with Stanbic IBTC bank which granted a facility worth N500 million to the society and out of which N230 million had been disbursed to members who applied and were qualified at different levels and capacity This actually reduced pressure on the society and also provided an opportunity for recouping and generating more income into the society he said Haruna said the opportunity is still open to those who would want to access the facility He pledged to always remain focused and steadfast in working to strengthen and lift the society to a greater height In his remarks the Commandant NSCDC Mr Godwin Miebi lauded the management of the society for giving good account for the 2021 financial year Miebi said saving for the future is a great relief to families He encourage non members to join the society to enjoy dividends Source Credit NAN
    NSCDC Kaduna cooperative society to embark on gas plant business
    General news9 months ago

    NSCDC Kaduna cooperative society to embark on gas plant business

    The Nigeria Security and Civil Defence Corps (NSCDC), Kaduna Command Cooperative Society, says it will embark on gas plant business to generate more revenues for its members.

    The President NSCDC Cooperative Society, Kaduna command, ASC I Sunday Haruna, said this during its Annual General meeting on Wednesday in Kaduna.

    Haruna said the management of the society collectively agreed to embark on a Gas Plant business.

    According to him, after taking a look at outside business opportunities, the society finally resolved to embark on a Gas Plant project, subject to approval by the congress.

    Haruna said the management had concluded to start the process of introducing an accounting software as agreed by the congress in the last Annual General Meeting (AGM).

    He said the management believed that the software would help in curtailing over deductions, guarantee accurate records and reduce chances of assets depletion in the society.

    He said to achieve this, a proposal was made and it was decided that each member should contribute not less than N1,500 only.

    He stated that the software was designed in such a way that members would receive monthly alerts of deductions and make possible adjustments before finally sending it to national headquarters for implementation.

    “It will enable members to also know their financial status in the society without necessarily visiting the society’s office complex.

    On the success recorded in 2021, Haruna said the society in 2021, received 114 new members, making the total membership strength 866 as at Dec. 31, 2021.

    He said there were renewed commitments from members in stepping up their monthly contributions to meet the required 5 per cent provision of the bye-law which is highly commendable.

    “We want to sincerely use this medium to re-emphasise and call on those who are still contributing below the stipulated 5 per cent to step up their contributions.

    “This will go a long way in boosting the capital base of the society and guarantee more investment opportunities as well as meeting the yearnings and aspirations of members,” he said.

    Haruna said after receiving the approval of the congress, the management was able to close the gap of loan deficits in the society through a productive collaboration with Stanbic IBTC bank, which granted a facility worth N500 million to the society and out of which N230 million had been disbursed to members who applied and were qualified at different levels and capacity.

    “This actually reduced pressure on the society and also provided an opportunity for recouping and generating more income into the society,” he said.

    Haruna said the opportunity is still open to those who would want to access the facility.

    He pledged to always remain focused and steadfast in working to strengthen and lift the society to a greater height.

    In his remarks, the Commandant, NSCDC, Mr Godwin Miebi, lauded the management of the society for giving good account for the 2021 financial year.

    Miebi said saving for the future is a great relief to families.

    He encourage non-members to join the society to enjoy dividends.

    Source Credit: NAN

  •   Dr Kenneth Opara The Chartered Institute of Bankers of Nigeria CIBN on Saturday elected Dr Kenneth Opara as the 22nd chairman of the institute s board Opara who was elected along with seven other members during the institute s 2022 Annual General Meeting AGM in Lagos would lead the institute s affairs for the next two years He will replace Dr Bayo Olugbemi whose two year term will end on May 21 The other elected officers are Prof Pius Oladeji Olanrewaju FCIB 1st Vice President Mr Oladele Alabi FCIB 2nd Vice President and Mrs Mojisola Bakare Asieru FCIB National Treasurer Other elected positions on the Governing Council are Dr Victor Aguwah FCIB Mr Olayinka Odutola FCIB Mrs Mary Aina ACIB and Mr Segun Oshadare FCIB In her acceptance speech Opara said I wholeheartedly accept the mandate to serve as the 22nd President and Chairman of the CIBN Council I am aware of the fact that you have high expectations for me and my colleagues Let me assure you that collectively we will do everything possible to fulfill his mandate as an obligee innovator and implementer We will build on what the previous chairman has done and also look at how to build capacity engage with stakeholders and work with other regulators and banks to ensure we do meaningful and seamless competition I thank the election official and congratulate all the candidates I mean we are all winners not winners not winners he said The Nigerian News Agency reports that the Institute also reviewed the official and operational reports for 2021 CIBN National Treasurer Mr Oladele Alabi while giving the official highlights said that the Institute recorded an Internally Generated Revenue IGR improvement of N1 77 billion in 202 Alabi said that the IGR represented an increase of 20 3 percent compared to N1 47 billion recorded in 2020 He said the growth was an indication that CIBN was moving strategically towards its aspiration to become officially independent Alabi added that the institute closed the year with a net operating surplus of N800 14 million from N570 26 million recorded in 2020 an increase of 40 31 percent The Chairman of the CIBN Audit Committee Mr Babatunde Oduwaye stated that the institute s accounting and reporting policies were in accordance with legal requirements and ethical practices Speaking about the 2021 operations outgoing CIBN President Olugbemi said the institute stood out as a vanguard for the promotion of banking education and professionalism in Nigeria and the world at large Olugbemi said that the number of individual members increased from 144 922 as of April 30 2021 to 149 967 as of March 24 2022 which represents an increase of 3 5 from the previous year Mr Seye Awojobi Registrar Executive Director of CIBN said that a total of 291 graduates received MCIB 380 candidates with ACIB and 320 candidates through regular ACIB exam route Awojobi also said that 41 candidates were awarded through the Chartered Banker MBA route and 19 candidates through the MSc ACIB Linkage Program route In their comments members praised Olugbemi for his two year leadership and suggested that his membership campaign needed to be improved Source Credit NAN
    Kenneth Opara emerges 22nd President of CIBN
      Dr Kenneth Opara The Chartered Institute of Bankers of Nigeria CIBN on Saturday elected Dr Kenneth Opara as the 22nd chairman of the institute s board Opara who was elected along with seven other members during the institute s 2022 Annual General Meeting AGM in Lagos would lead the institute s affairs for the next two years He will replace Dr Bayo Olugbemi whose two year term will end on May 21 The other elected officers are Prof Pius Oladeji Olanrewaju FCIB 1st Vice President Mr Oladele Alabi FCIB 2nd Vice President and Mrs Mojisola Bakare Asieru FCIB National Treasurer Other elected positions on the Governing Council are Dr Victor Aguwah FCIB Mr Olayinka Odutola FCIB Mrs Mary Aina ACIB and Mr Segun Oshadare FCIB In her acceptance speech Opara said I wholeheartedly accept the mandate to serve as the 22nd President and Chairman of the CIBN Council I am aware of the fact that you have high expectations for me and my colleagues Let me assure you that collectively we will do everything possible to fulfill his mandate as an obligee innovator and implementer We will build on what the previous chairman has done and also look at how to build capacity engage with stakeholders and work with other regulators and banks to ensure we do meaningful and seamless competition I thank the election official and congratulate all the candidates I mean we are all winners not winners not winners he said The Nigerian News Agency reports that the Institute also reviewed the official and operational reports for 2021 CIBN National Treasurer Mr Oladele Alabi while giving the official highlights said that the Institute recorded an Internally Generated Revenue IGR improvement of N1 77 billion in 202 Alabi said that the IGR represented an increase of 20 3 percent compared to N1 47 billion recorded in 2020 He said the growth was an indication that CIBN was moving strategically towards its aspiration to become officially independent Alabi added that the institute closed the year with a net operating surplus of N800 14 million from N570 26 million recorded in 2020 an increase of 40 31 percent The Chairman of the CIBN Audit Committee Mr Babatunde Oduwaye stated that the institute s accounting and reporting policies were in accordance with legal requirements and ethical practices Speaking about the 2021 operations outgoing CIBN President Olugbemi said the institute stood out as a vanguard for the promotion of banking education and professionalism in Nigeria and the world at large Olugbemi said that the number of individual members increased from 144 922 as of April 30 2021 to 149 967 as of March 24 2022 which represents an increase of 3 5 from the previous year Mr Seye Awojobi Registrar Executive Director of CIBN said that a total of 291 graduates received MCIB 380 candidates with ACIB and 320 candidates through regular ACIB exam route Awojobi also said that 41 candidates were awarded through the Chartered Banker MBA route and 19 candidates through the MSc ACIB Linkage Program route In their comments members praised Olugbemi for his two year leadership and suggested that his membership campaign needed to be improved Source Credit NAN
    Kenneth Opara emerges 22nd President of CIBN
    Banking10 months ago

    Kenneth Opara emerges 22nd President of CIBN

    Dr Kenneth Opara

    The Chartered Institute of Bankers of Nigeria (CIBN) on Saturday elected Dr. Kenneth Opara as the 22nd chairman of the institute's board.

    Opara, who was elected along with seven other members during the institute's 2022 Annual General Meeting (AGM) in Lagos, would lead the institute's affairs for the next two years.

    He will replace Dr. Bayo Olugbemi, whose two-year term will end on May 21.

    The other elected officers are: Prof. Pius Oladeji Olanrewaju, FCIB, 1st Vice President; Mr. Oladele Alabi, FCIB, 2nd Vice President and Mrs. Mojisola Bakare-Asieru, FCIB, National Treasurer.

    Other elected positions on the Governing Council are: Dr. Victor Aguwah, FCIB; Mr. Olayinka Odutola, FCIB; Mrs. Mary Aina, ACIB and Mr. Segun Oshadare, FCIB.

    In her acceptance speech, Opara said, “I wholeheartedly accept the mandate to serve as the 22nd President and Chairman of the CIBN Council.

    “I am aware of the fact that you have high expectations for me and my colleagues. Let me assure you that collectively we will do everything possible to fulfill his mandate as an obligee, innovator and implementer.

    “We will build on what the previous chairman has done and also look at how to build capacity, engage with stakeholders and work with other regulators and banks to ensure we do meaningful and seamless competition.

    “I thank the election official and congratulate all the candidates. I mean we are all winners, not winners, not winners,'' he said.

    The Nigerian News Agency reports that the Institute also reviewed the official and operational reports for 2021.

    CIBN National Treasurer, Mr. Oladele Alabi, while giving the official highlights, said that the Institute recorded an Internally Generated Revenue (IGR) improvement of N1.77 billion in 202.

    Alabi said that the IGR represented an increase of 20.3 percent compared to N1.47 billion recorded in 2020.

    He said the growth was an indication that CIBN was moving strategically towards its aspiration to become officially independent.

    Alabi added that the institute closed the year with a net operating surplus of N800.14 million from N570.26 million recorded in 2020, an increase of 40.31 percent.

    The Chairman of the CIBN Audit Committee, Mr. Babatunde Oduwaye, stated that the institute's accounting and reporting policies were in accordance with legal requirements and ethical practices.

    Speaking about the 2021 operations, outgoing CIBN President Olugbemi said the institute stood out as a vanguard for the promotion of banking education and professionalism in Nigeria and the world at large.

    Olugbemi said that the number of individual members increased from 144,922 as of April 30, 2021 to 149,967 as of March 24, 2022, which represents an increase of 3.5% from the previous year.

    Mr. Seye Awojobi, Registrar/Executive Director of CIBN, said that a total of 291 graduates received MCIB, 380 candidates with ACIB and 320 candidates through regular ACIB exam route.

    Awojobi also said that 41 candidates were awarded through the Chartered Banker MBA route and 19 candidates through the MSc/ACIB Linkage Program route.

    In their comments, members praised Olugbemi for his two-year leadership and suggested that his membership campaign needed to be improved.

    Source Credit: NAN

  •   Nigerian Breweries NB Plc Chief Executive Officer Mr Hans Essaadi said the Nigerian beer market remained strong with high growth potential despite currency challenges Eaaaadi made this known at the press conference ahead of the company s Annual General Meeting AGM on Thursday in Lagos He said the fundamentals of the Nigerian beer market were strong with high growth potential due to its abundant population despite the Russia Ukraine crisis Essaadi also assured shareholders of a higher dividend for years to come despite the challenging operating environment He noted that the company was well positioned to ensure a higher return on investment for all its shareholders We will continue to deliver sustainable growth to our shareholders through our wide range of products he said He noted that the company has recommended a total dividend of N12 9 billion culminating in N1 60 per share due to each shareholder of the company for the official year 2021 According to him the dividend was against N7 5 billion paid in the comparative period of 2020 Essaadi noted that the high cost of living and rising fuel prices particularly diesel were slowing the growth of the fast moving consumer goods FMCG sector He said the company had remained dynamic and resilient with its processes allowing it to weather the storm over the last 75 years The deteriorating currency situation has caused foreign suppliers to run out of patience with their Nigerian partners mostly manufacturers who are finding it difficult to settle their growing foreign accounts payable Our outstanding foreign accounts payable increased by one cent in 2021 and due to lack of foreign exchange the task of acquiring input materials has been difficult and this hampered the completion of our capacity expansion plan With the reintroduction of the excise tax on non alcoholic beverages and the increase in the excise tax rate for alcoholic beverages these additional costs will lead to an increase in the price of the finished product Volatility is expected in the beer sector but we are confident in our growth capacity and we have our pricing strategy as well as the cost and value agenda to maintain market leadership he said Essaadi added that the company would maintain shareholder value and meet consumer demands in the current year Company secretary Mr Uaboi Agbebaku said NB had created a share for cash dividend plan that would allow investors to reinvest in the company and buy new shares with its dividends Agbebaku said the initiative was put forward for foreign investors who might face dividend repatriation challenges due to a shortage of foreign exchange He said that under the shares for cash deal both local and foreign investors would have the opportunity to receive cash or buy new shares with their dividends Agbebaku explained that those who would opt for the new shares were expected to complete a stock election form for cash dividends by April 12 This is the third year we are doing this What we saw in the second year was that there was a noticeable improvement from the first time More people are starting to appreciate the benefit of doing this so we expect there will be more uptake this year in terms of the number of investors who will opt into the scheme As for whether the scheme is here to stay the situation might not necessarily be the same when we make the decision and that will determine whether we want to keep it or not he said The company s Supply Chain Director Mr Martin Kochl said the company recognized the importance of sustainable local sourcing of its agricultural raw materials and the marketing of local raw materials KochI said the company was making conscious efforts to partner with local and international research institutes to improve the performance and adaptability of registered sorghum varieties We expect the tonnage to increase again and we are working with a range of partners and research institutes to increase local sourcing and bring higher yielding sorghum varieties to market and we are exploring other alternatives he said Source Credit NAN
    Nigerian beer market fundamentals strong – Nigerian Breweries CEO
      Nigerian Breweries NB Plc Chief Executive Officer Mr Hans Essaadi said the Nigerian beer market remained strong with high growth potential despite currency challenges Eaaaadi made this known at the press conference ahead of the company s Annual General Meeting AGM on Thursday in Lagos He said the fundamentals of the Nigerian beer market were strong with high growth potential due to its abundant population despite the Russia Ukraine crisis Essaadi also assured shareholders of a higher dividend for years to come despite the challenging operating environment He noted that the company was well positioned to ensure a higher return on investment for all its shareholders We will continue to deliver sustainable growth to our shareholders through our wide range of products he said He noted that the company has recommended a total dividend of N12 9 billion culminating in N1 60 per share due to each shareholder of the company for the official year 2021 According to him the dividend was against N7 5 billion paid in the comparative period of 2020 Essaadi noted that the high cost of living and rising fuel prices particularly diesel were slowing the growth of the fast moving consumer goods FMCG sector He said the company had remained dynamic and resilient with its processes allowing it to weather the storm over the last 75 years The deteriorating currency situation has caused foreign suppliers to run out of patience with their Nigerian partners mostly manufacturers who are finding it difficult to settle their growing foreign accounts payable Our outstanding foreign accounts payable increased by one cent in 2021 and due to lack of foreign exchange the task of acquiring input materials has been difficult and this hampered the completion of our capacity expansion plan With the reintroduction of the excise tax on non alcoholic beverages and the increase in the excise tax rate for alcoholic beverages these additional costs will lead to an increase in the price of the finished product Volatility is expected in the beer sector but we are confident in our growth capacity and we have our pricing strategy as well as the cost and value agenda to maintain market leadership he said Essaadi added that the company would maintain shareholder value and meet consumer demands in the current year Company secretary Mr Uaboi Agbebaku said NB had created a share for cash dividend plan that would allow investors to reinvest in the company and buy new shares with its dividends Agbebaku said the initiative was put forward for foreign investors who might face dividend repatriation challenges due to a shortage of foreign exchange He said that under the shares for cash deal both local and foreign investors would have the opportunity to receive cash or buy new shares with their dividends Agbebaku explained that those who would opt for the new shares were expected to complete a stock election form for cash dividends by April 12 This is the third year we are doing this What we saw in the second year was that there was a noticeable improvement from the first time More people are starting to appreciate the benefit of doing this so we expect there will be more uptake this year in terms of the number of investors who will opt into the scheme As for whether the scheme is here to stay the situation might not necessarily be the same when we make the decision and that will determine whether we want to keep it or not he said The company s Supply Chain Director Mr Martin Kochl said the company recognized the importance of sustainable local sourcing of its agricultural raw materials and the marketing of local raw materials KochI said the company was making conscious efforts to partner with local and international research institutes to improve the performance and adaptability of registered sorghum varieties We expect the tonnage to increase again and we are working with a range of partners and research institutes to increase local sourcing and bring higher yielding sorghum varieties to market and we are exploring other alternatives he said Source Credit NAN
    Nigerian beer market fundamentals strong – Nigerian Breweries CEO
    Business10 months ago

    Nigerian beer market fundamentals strong – Nigerian Breweries CEO

    Nigerian Breweries (NB) Plc Chief Executive Officer, Mr. Hans Essaadi, said the Nigerian beer market remained strong with high growth potential despite currency challenges.

    Eaaaadi made this known at the press conference ahead of the company's Annual General Meeting (AGM) on Thursday in Lagos.

    He said the fundamentals of the Nigerian beer market were strong with high growth potential due to its abundant population despite the Russia-Ukraine crisis.

    Essaadi also assured shareholders of a higher dividend for years to come despite the challenging operating environment.

    He noted that the company was well positioned to ensure a higher return on investment for all its shareholders.

    "We will continue to deliver sustainable growth to our shareholders through our wide range of products," he said.

    He noted that the company has recommended a total dividend of N12.9 billion, culminating in N1.60 per share, due to each shareholder of the company for the official year 2021.

    According to him, the dividend was against N7.5 billion paid in the comparative period of 2020.

    Essaadi noted that the high cost of living and rising fuel prices, particularly diesel, were slowing the growth of the fast-moving consumer goods (FMCG) sector.

    He said the company had remained dynamic and resilient with its processes, allowing it to weather the storm over the last 75 years.

    “The deteriorating currency situation has caused foreign suppliers to run out of patience with their Nigerian partners, mostly manufacturers who are finding it difficult to settle their growing foreign accounts payable.

    “Our outstanding foreign accounts payable increased by one cent in 2021 and due to lack of foreign exchange, the task of acquiring input materials has been difficult and this hampered the completion of our capacity expansion plan.

    “With the reintroduction of the excise tax on non-alcoholic beverages and the increase in the excise tax rate for alcoholic beverages, these additional costs will lead to an increase in the price of the finished product.

    "Volatility is expected in the beer sector, but we are confident in our growth capacity and we have our pricing strategy, as well as the cost and value agenda to maintain market leadership," he said.

    Essaadi added that the company would maintain shareholder value and meet consumer demands in the current year.

    Company secretary Mr. Uaboi Agbebaku said NB had created a share-for-cash dividend plan that would allow investors to reinvest in the company and buy new shares with its dividends.

    Agbebaku said the initiative was put forward for foreign investors who might face dividend repatriation challenges due to a shortage of foreign exchange.

    He said that under the shares-for-cash deal, both local and foreign investors would have the opportunity to receive cash or buy new shares with their dividends.

    Agbebaku explained that those who would opt for the new shares were expected to complete a stock election form for cash dividends by April 12.

    “This is the third year we are doing this. What we saw in the second year was that there was a noticeable improvement from the first time.

    “More people are starting to appreciate the benefit of doing this, so we expect there will be more uptake this year in terms of the number of investors who will opt into the scheme.

    "As for whether the scheme is here to stay, the situation might not necessarily be the same when we make the decision and that will determine whether we want to keep it or not," he said.

    The company's Supply Chain Director, Mr. Martin Kochl, said the company recognized the importance of sustainable local sourcing of its agricultural raw materials and the marketing of local raw materials.

    KochI said the company was making conscious efforts to partner with local and international research institutes to improve the performance and adaptability of registered sorghum varieties.

    “We expect the tonnage to increase again and we are working with a range of partners and research institutes to increase local sourcing and bring higher yielding sorghum varieties to market and we are exploring other alternatives,” he said.

    Source Credit: NAN

  •   The president of the Nigerian Chartered Institute of Purchasing and Supply Management CIPSMN Alhaji Jubrin Ado has advocated for the establishment of the National Council for Public Procurement to effectively combat corruption in public places Ado made the call in an interview with the Nigerian News Agency on the sidelines of the institute s Annual General Meeting AGM in Abuja Ado who called on President Muhammadu Buhari to accelerate action on the establishment of the council said he will complement his efforts in fighting corruption in the country He said that a properly constituted and inaugurated National Council for Public Procurement would further strengthen and institutionalize the fight against corruption which had become a recurring decimal point for Nigeria s development The establishment of the council he said would ensure that the Public Procurement Office carries out its functions based on transparency competence integrity and the guarantee of the value for money of the bets It will also help control fraudulent practices in the award of public contracts through inflation of contract costs poor project prioritization poor budgeting and other manipulations of the procurement and contract award processes The council which will be made up of men and women of proven integrity will guarantee due process in the awarding of contracts and will eliminate corrupt practices in the procurement process he said Ado also called on President Buhari to ensure that all professional members of the institute work as procurement officers to rid the public service of corrupt practices That s the only way out you can t allow anyone to work as a procurement officer just because they ve gone through a week or two of training and then they call them a professional it doesn t work like that We train people for at least a minimum of 18 months after graduating for at least 18 months and some who went to the polytechnic with HND also receive one more year of training to become professionals You can t compare that to someone who has just learned a week or two of training and says they have turned pro That is why we are having problems in the country particularly in regards to acquisitions All the scandals in the country are related to acquisitions billions of naira and dollars are being looted because of acquisition problems he said He insisted that for the country to move forward and guarantee transparency in all transactions all acquisitions must follow due process Speaking the institute s secretary Alhaji Mohammed Aliyu called on President Muhammadu Buhari to strengthen procurement in the public sector to combat corruption effectively Aliyu said that almost all corrupt practices in the public sector have links to procurement hence the need to strengthen the sector as it is important for economic growth He expressed concern that procurement on which budgets are based had long been neglected and suggested that professionals should be involved in all procurement processes Source NAN
    Institute advocates establishment of procurement council to fight corruption
      The president of the Nigerian Chartered Institute of Purchasing and Supply Management CIPSMN Alhaji Jubrin Ado has advocated for the establishment of the National Council for Public Procurement to effectively combat corruption in public places Ado made the call in an interview with the Nigerian News Agency on the sidelines of the institute s Annual General Meeting AGM in Abuja Ado who called on President Muhammadu Buhari to accelerate action on the establishment of the council said he will complement his efforts in fighting corruption in the country He said that a properly constituted and inaugurated National Council for Public Procurement would further strengthen and institutionalize the fight against corruption which had become a recurring decimal point for Nigeria s development The establishment of the council he said would ensure that the Public Procurement Office carries out its functions based on transparency competence integrity and the guarantee of the value for money of the bets It will also help control fraudulent practices in the award of public contracts through inflation of contract costs poor project prioritization poor budgeting and other manipulations of the procurement and contract award processes The council which will be made up of men and women of proven integrity will guarantee due process in the awarding of contracts and will eliminate corrupt practices in the procurement process he said Ado also called on President Buhari to ensure that all professional members of the institute work as procurement officers to rid the public service of corrupt practices That s the only way out you can t allow anyone to work as a procurement officer just because they ve gone through a week or two of training and then they call them a professional it doesn t work like that We train people for at least a minimum of 18 months after graduating for at least 18 months and some who went to the polytechnic with HND also receive one more year of training to become professionals You can t compare that to someone who has just learned a week or two of training and says they have turned pro That is why we are having problems in the country particularly in regards to acquisitions All the scandals in the country are related to acquisitions billions of naira and dollars are being looted because of acquisition problems he said He insisted that for the country to move forward and guarantee transparency in all transactions all acquisitions must follow due process Speaking the institute s secretary Alhaji Mohammed Aliyu called on President Muhammadu Buhari to strengthen procurement in the public sector to combat corruption effectively Aliyu said that almost all corrupt practices in the public sector have links to procurement hence the need to strengthen the sector as it is important for economic growth He expressed concern that procurement on which budgets are based had long been neglected and suggested that professionals should be involved in all procurement processes Source NAN
    Institute advocates establishment of procurement council to fight corruption
    General news1 year ago

    Institute advocates establishment of procurement council to fight corruption

    The president of the Nigerian Chartered Institute of Purchasing and Supply Management (CIPSMN), Alhaji Jubrin Ado, has advocated for the establishment of the National Council for Public Procurement to effectively combat corruption in public places.

    Ado made the call in an interview with the Nigerian News Agency on the sidelines of the institute's Annual General Meeting (AGM) in Abuja.

    Ado, who called on President Muhammadu Buhari to accelerate action on the establishment of the council, said he will complement his efforts in fighting corruption in the country.

    He said that a properly constituted and inaugurated National Council for Public Procurement would further strengthen and institutionalize the fight against corruption, which had become a recurring decimal point for Nigeria's development.

    The establishment of the council, he said, would ensure that the Public Procurement Office carries out its functions based on transparency, competence, integrity and the guarantee of the value for money of the bets.

    “It will also help control fraudulent practices in the award of public contracts through inflation of contract costs, poor project prioritization, poor budgeting and other manipulations of the procurement and contract award processes.

    "The council, which will be made up of men and women of proven integrity, will guarantee due process in the awarding of contracts, and will eliminate corrupt practices in the procurement process," he said.

    Ado also called on President Buhari to ensure that all professional members of the institute work as procurement officers to rid the public service of corrupt practices.

    “That's the only way out, you can't allow anyone to work as a procurement officer just because they've gone through a week or two of training and then they call them a professional, it doesn't work like that.

    “We train people for at least a minimum of 18 months, after graduating, for at least 18 months, and some who went to the polytechnic with HND also receive one more year of training to become professionals.

    "You can't compare that to someone who has just learned a week or two of training and says they have turned pro.

    "That is why we are having problems in the country, particularly in regards to acquisitions.

    "All the scandals in the country are related to acquisitions, billions of naira and dollars are being looted because of acquisition problems," he said.

    He insisted that for the country to move forward and guarantee transparency in all transactions, all acquisitions must follow due process.

    Speaking, the institute's secretary, Alhaji Mohammed Aliyu, called on President Muhammadu Buhari to strengthen procurement in the public sector to combat corruption effectively.

    Aliyu said that almost all corrupt practices in the public sector have links to procurement, hence the need to strengthen the sector as it is important for economic growth.

    He expressed concern that procurement, on which budgets are based, had long been neglected and suggested that professionals should be involved in all procurement processes. (

    Source: NAN

  •   The Association of Resident Physicians of the University of Ilorin Teaching Hospital ARD UITH advised Nigerians on Tuesday to continue to observe strict protocol regarding the newly discovered COVID 19 variant of Omicron The Omicron variant of COVID 19 detected in South Africa is considered highly communicable and may also present an increased risk of reinfection compared to other variants of concern VOCs ARD UITH President Dr Badmus Habeeb gave the advice during a press conference organized to commemorate the association s week long 38th Annual General Meeting AGM According to him the COVID 19 pandemic caused numerous weaknesses and challenges in the health system in addition to expanding the resources of its workforce He noted that the pandemic presented a dilemma that was both terrifying and perplexing for members who considered frontline workers and the size of the population However Habeeb commended the doctors for showing resilience in the face of uncertainties brought on by COVID 19 including loss of life from infections inadequate supply of personal protective equipment PPE and issues related to members salaries Despite the odds of the executive year we have been able to secure the modest milestone through constructive engagement both domestically and internationally He applauded the efforts of the members and said that through constructive engagement with the government some 100 resident physicians and medical officers were hired in various departments He also praised the reasonable supply of PPE at hospital service points well drilling and crosslinking of the water supply system among other improvements Mr Habeeb added that the association has ensured the rapid and full operation of the Isolation and Infectious Diseases Room Speaking about the AGM the president of ARD UITH noted that a consortium of doctors from his association was providing free medical services to more than 500 patients in the Offa local government area in Kwara Around 60 general and ophthalmic surgical cases will be performed at no cost to patients he said He added that the AGM Scientific Conference has as its theme The situation of the health sector in Nigeria and the responsibility of doctors in politics YAYA
    Omicron: Resident doctors urge Nigerians to observe strict preventive measures
      The Association of Resident Physicians of the University of Ilorin Teaching Hospital ARD UITH advised Nigerians on Tuesday to continue to observe strict protocol regarding the newly discovered COVID 19 variant of Omicron The Omicron variant of COVID 19 detected in South Africa is considered highly communicable and may also present an increased risk of reinfection compared to other variants of concern VOCs ARD UITH President Dr Badmus Habeeb gave the advice during a press conference organized to commemorate the association s week long 38th Annual General Meeting AGM According to him the COVID 19 pandemic caused numerous weaknesses and challenges in the health system in addition to expanding the resources of its workforce He noted that the pandemic presented a dilemma that was both terrifying and perplexing for members who considered frontline workers and the size of the population However Habeeb commended the doctors for showing resilience in the face of uncertainties brought on by COVID 19 including loss of life from infections inadequate supply of personal protective equipment PPE and issues related to members salaries Despite the odds of the executive year we have been able to secure the modest milestone through constructive engagement both domestically and internationally He applauded the efforts of the members and said that through constructive engagement with the government some 100 resident physicians and medical officers were hired in various departments He also praised the reasonable supply of PPE at hospital service points well drilling and crosslinking of the water supply system among other improvements Mr Habeeb added that the association has ensured the rapid and full operation of the Isolation and Infectious Diseases Room Speaking about the AGM the president of ARD UITH noted that a consortium of doctors from his association was providing free medical services to more than 500 patients in the Offa local government area in Kwara Around 60 general and ophthalmic surgical cases will be performed at no cost to patients he said He added that the AGM Scientific Conference has as its theme The situation of the health sector in Nigeria and the responsibility of doctors in politics YAYA
    Omicron: Resident doctors urge Nigerians to observe strict preventive measures
    Headlines1 year ago

    Omicron: Resident doctors urge Nigerians to observe strict preventive measures

    The Association of Resident Physicians of the University of Ilorin Teaching Hospital, ARD-UITH, advised Nigerians on Tuesday to continue to observe strict protocol regarding the newly discovered COVID-19 variant of Omicron.

    The Omicron variant of COVID-19 detected in South Africa is considered highly communicable and may also present an increased risk of reinfection, compared to other variants of concern, VOCs.

    ARD-UITH President Dr. Badmus Habeeb gave the advice during a press conference organized to commemorate the association's week-long 38th Annual General Meeting (AGM).

    According to him, the COVID-19 pandemic caused numerous weaknesses and challenges in the health system, in addition to expanding the resources of its workforce.

    He noted that the pandemic presented a dilemma that was both terrifying and perplexing for members who considered frontline workers and the size of the population.

    However, Habeeb commended the doctors for showing resilience in the face of uncertainties brought on by COVID-19, including loss of life from infections, inadequate supply of personal protective equipment, PPE, and issues related to members' salaries.

    “Despite the odds of the executive year, we have been able to secure the modest milestone through constructive engagement both domestically and internationally.

    He applauded the efforts of the members and said that through constructive engagement with the government, some 100 resident physicians and medical officers were hired in various departments.

    He also praised the reasonable supply of PPE at hospital service points, well drilling and crosslinking of the water supply system, among other improvements.

    Mr. Habeeb added that the association has ensured the rapid and full operation of the Isolation and Infectious Diseases Room.

    Speaking about the AGM, the president of ARD-UITH noted that a consortium of doctors from his association was providing free medical services to more than 500 patients in the Offa local government area in Kwara.

    "Around 60 general and ophthalmic surgical cases will be performed at no cost to patients," he said.

    He added that the AGM Scientific Conference has as its theme: "The situation of the health sector in Nigeria and the responsibility of doctors in politics."

    YAYA

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