Connect with us

News

Sam Adeyemi Joins Forbes Council to Empower, Enrich More People

Published

on

Sam Adeyemi

Sam Adeyemi, a leading leadership trainer and senior pastor of the Daystar Christian Centre, has joined Forbes Council.

Adeyemi disclosed this via his social media channels on Tuesday.

He said “I’m excited to share something with you something that has been in the works for a while now.⁠

I typically don’t share many of my personal accomplishments as I am focused on bringing support and results to our corporate and community partners and clients⁠.

But I am very honored to be accepted in the Forbes Coaching Council.⁠

What does that mean?⁠

Well if you know anything about Forbes, they have built a prestigious publication for business leaders and executives. But they have also cultivated that community to become a resource.⁠

Forbes Councils is a collective of invitation-only communities created in partnership with Forbes and the expert community builders who founded Young Entrepreneur Council (YEC). In Forbes Councils, exceptional business owners and leaders come together with the people and resources that can help them thrive.⁠

Again, myself and our team at Sam Adeyemi GLC are thrilled by what this platform will mean for our organization and YOURS. We are honored to have you celebrate this with us.”

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Continue Reading
Comments

Sport Business

PUMA Terminates 4 Year Contract Worth $2.7M With Athletics Federation Of Nigeria

Published

on

Puma

Puma, the sportswear manufacturing giant, on Wednesday, August 4, 2021, officially terminated its sponsorship contract with the Athletics Federation of Nigeria (AFN).

This development comes amidst embezzlement allegations trailing some officials of the sports body.

The German company disclosed this in a statement addressed to the Athletics Federation of Nigeria.

“We are referring to the Sponsoring & Licensing Agreement (the “Agreement”) signed between our Company and your Federation.

“As a direct consequence of the recent developments, particularly at the Tokyo Olympic Games 2020, and pursuant to Clauses 9.2 and 7.3 of the Agreement, we hereby terminate the Agreement with immediate effect,” Peoples Gazatte quoted the statement to have read in part.

“PUMA especially declares to be discharged from any or all obligations towards all stakeholders involved and reserves all rights against these entities and individuals”.

The cancellation follows the embarrassing scandal that has pitched the AFN officials against Nigeria’s ministry of Youth and Sports due to the $2.7 million kits sponsorship.

The Athletics Federation of Nigeria under the leadership of Engr Ibrahim Gusau signed a 4-year contract with PUMA in 2019 and was due to expire in 2022.

Part of the contract is that PUMA will supply kits to all age categories to Nigeria’s Athletics team for four years at no cost.

In addition, gold medalists at the Olympic Games will earn $15,000, silver medalists will get 5,000 while a bronze medal gets $3,000, and also will fetch athletes wearing the PUMA apparel at the games. This means Ese Brume would have gotten an additional $3000 for winning bronze wearing PUMA kit if the deal was still on.

The termination of the deal comes amidst an alleged leadership tussle between the Ibrahim Gusau-led AFN board and that headed by the Minister for Youths and Sports, Sunday Dare.

The minister is said to have vowed that the Nigerian Athletes will not wear the PUMA kits, stating that the contract is “a subject of a criminal investigation”.

Last year, the Department of State Services cleared Gusau and his vice president Sunday Adeleye over corruption allegations leveled against him by the sports ministry.

Continue Reading

News

Pensioners in Peaceful Protest Demands Implementation of Unpaid 15% Increment by PenCom

Published

on

pension funds

Nigeria’s pensioners under the Contributory Pension Scheme (CPS) have appealed to the National Pension Commission (PenCom) to implement their 15 and 33 percent pension increment and other benefits.

The Contributory Pensioners Union of Nigeria (CPUN), South-West Zone, made the appeal on Tuesday during a peaceful protest held in Ibadan.

The CPUN President, Mr Joseph Idowu, while addressing newsmen said that PenCom has yet to implement the increment since 2007 and 2010 in spite of various promises.

Idowu said that their counterparts, under the Defined Benefit Scheme (DBS), had been enjoying the increment through the proactive stand of the Pension Transitional Arrangement Directorate (PTAD).

“The new consequential adjustment in pension due to the latest increase in workers’ salaries and wages are also being enjoyed by pensioners under DBS, neglecting the CPS pensioners.

“No CPS pensioners have received any interest on their accrued benefits since 2007 till date.

“We require your urgent attention to ensure that arrears on this are calculated and paid at the Federal Government official rate, as at the time of retirement,” Idowu said.

The president said that his members were suffering as some of them collect as low as N3, 000 as their monthly pension which was not accepted.

Idowu, also said that his members were not happy with the delay in the payment of their retirement benefits, which the commission now paid after one year of retirement, contrary to PRA Act 2004 (Amended).

He said that Section 16 (5) of the PRA Act 2004 says pensioners should be paid not more than three months after retirement.

Idowu, however, commended the commission for prompt payment of their monthly pension, urging them to prioritize the welfare of pensioners under the CPS.

Also, a member of the union, Mrs Clara Fumilayo, called on the Federal Government to assist the pensioners,

Fumilayo said that their monthly pension could no more buy any tangible things based on the situation in the country.

Continue Reading

Education

Nigeria Plans To Release N30B Revitalisation Fund To Universities Next Week

Published

on

University - Investors King

The Federal Government plans to release N30 billion as revitalisation fund to universities next week, according to the Minister of Labour and Employment Chris Ngige.

The minister said that the money was paid in January and remain in the custody of the Central Bank of Nigeria (CBN) pending the conclusion of the audit report of the Implementation Committee on the use of previous funds disbursement to universities by the Ministry of Education and the National Universities Commission (NUC).

Ngige said that the monies will be paid to successful universities based on the evaluation report of the committee while those with shortcomings will be made to make up before accessing the fund.

The revitalisation fund is among seven key issues evaluated at a meeting with the leadership of the Academic Staff Union of Universities (ASUU) on Monday.

A statement by the Deputy Director of Press and Public Relations, Federal Ministry of Labour and Employment, Charles Akpan, said both parties at the meeting expressed satisfaction with the implementation stages of what Ngige termed “work in progress.”

The Minister said some of the items in the Memorandum of Action (MOA) were nearly done hundred percent within the timeline.

He explained the National Information Technology Development Agency (NITDA) was directed to expedite action on the integrity test on the University Transparency Accountability Solution (UTAS) which if successful, will eliminate the challenges posed by the peculiarities of the university system to the current payment platform.

“The report has been turned in, deliberated upon and both the Education Ministry and the NUC have promised to write to the Accountant General of the Federation next week for the release of the money to the NEEDS Special Account for onward disbursement to universities shortly,” Ngige said.

He further disclosed apart from the N40 billion Earned Allowance which the Federal Government has already paid, the Budget Office of the Federation showed evidence that N22 billion Earned Allowances for the year 2021 is already captured in the 2021 supplementary budget of the federation, and will soon be accessed.

“On the proliferation of State universities, a bill has been sent to the National Assembly by the NUC to strengthen its arms in terms of delisting universities where funding and other parameters are inadequate.

“This effort was commended as all the parties agreed that mushrooming and proliferation of state universities, some of which mock the ideals of an ivory tower, should stop.

“The inconsistencies in the IPPIS payment were also discussed. There was good interaction and documents were exchanged between IPPIS and ASUU. ASUU is to go back to its members so that we can have a proper update on the extent of the inconsistencies in payment.

“We expressed our displeasure that these things are happening – amputation of salaries, not-too-clear, foggy things happening over peoples monthly emoluments. So we have asked IPPIS and ASUU to work together over this,” the Minister said.

He also said that evidence was presented to show that promotion arrears have been paid to some universities while the Budget Office of the Federation and the Office of the Accountant General of the Federation was asked to liaise with ASUU to sort out the rest, noting that the standing committee on the matter has been expended to include National Income Salaries and Wages Commission.

“A situation where a university professor is paid N107, 000 out of mistake or over deduction is unacceptable,” Ngige declared.

Continue Reading




Advertisement
Advertisement
Advertisement

Trending