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FBN Holdings Appoints Seni Adetu, Juliet Anammah, Otu Hughes as Non-Executive Directors

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FBN Holdings - Investors King

FBN Holdings Appoints Seni Adetu, Juliet Anammah, Otu Hughes as Non-Executive Directors

The FBN Holdings Plc has announced the appointments of Mr. Seni Adetu and Mrs. Juliet Anammah as the company’s Independent Non-executive directors.

Mr. Otu Huges was also appointed as a non-executive director of FBN Holdings Plc.

It added that the appointments are subject to the approval of Central Bank of Niger and the shareholders at the next Annual General Meeting of the Company.

Commenting on the appointments, Oba Otudeko, the Group Chairman of FBN Holdings Plc, said, “On behalf of the board, management and staff of FBNHoldings, I am delighted to welcome the trio of Seni Adetu, Mrs. Juliet Anammah and Otu Hughes to the FBNHoldings board as they bring on board their combined professional experience and expertise of over 97 years, cutting across various industries and institutions of global repute.”

“I am certain that these rich experiences will have immediate and long-term impact on the group and its subsidiaries across Africa and beyond,” he added.

Adetu, a former Managing Director/CEO Guinness Nigeria Plc, has 35 years of private sector experience garnered at the highest levels primarily with John Holt Plc, Coca-Cola International and Diageo (Guinness) Plc in various countries within and outside Africa. He holds a first degree in Chemical Engineering and Masters in Business Administration (with specialization in Marketing), both from the University of Lagos. Adetu was at various times Marketing Director, Coca-Cola Nigeria Ltd, Managing Director of Coca-Cola, and the first African Managing Director/CEO and Executive Vice Chairman of Guinness Ghana Plc.

Anammah, is Chairwoman Jumia Nigeria and Head of Institutional Affairs Jumia Group. Jumia is the largest eCommerce platform in Africa and the first African Tech start-up to be listed on the NYSE. She is an experienced executive with 28+ years of professional experience including 7 + years at Partner / Chief Executive level. Before her current role, she was the CEO of Jumia Nigeria. Prior to joining Jumia, Juliet spent 16 years at Accenture and was the Partner managing Accenture’s Consumer Goods Practice in West Africa.

Hughes has over 25 years’ experience in operations and strategy, principal investment, mergers and acquisition as well as capital raising in both the US and Sub-Saharan Africa. He started his career in 1993 with Lehman Brothers, providing strategic and financial advisory services to government entities and companies in privatisation and empowerment issues, notably Brazil (power and mining), Ghana (mining), South Africa (empowerment programmes), amongst others.

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.

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Npower Latest News: Npower Payment Update as at December 2

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Npower

The Npower programme has been under a lot of criticism lately for its inability to pay the programme’s beneficiaries their stipends since September. This article will be providing updates concerning the programme, payment of stipends and other updates concerning it.

Earlier in the week, the National Social Investment Management System (NASIMS) posted on its Facebook page that there had been a reversal of payment status. NASIMS apologized for the incident, saying that the reversal was caused partly by instability in network, causing it to bounce back after waiting days to “clinch the next payment process has elapsed.” They stated that they were working on resolving it, and all qualified beneficiaries would be paid eventually.

Then on Thursday, NASIMS addressed a Facebook post to the unpaid beneficiaries of Batch C1. The post informed beneficiaries that payment of the outstanding September stipend had begun.

This comes at a period when the affected beneficiaries are going through a frustrating period, considering the economic situation of the country (with rising prices of food and other products) approaching the festive period. It will come as a relief to many that at least one part of the outstanding payments has commenced, when the demand for the payment has been high in recent weeks.

NASIMS then implored the beneficiaries to continue monitoring their accounts closely, in case they are credited with their stipends without receiving any alerts. The Management System also confirmed that correction of any issues associated with payment is still ongoing, and once again assured the beneficiaries that all those concerned and qualified will be paid.

After posting the update concerning the September payment, NASIMS went ahead to speak concerning the October and November stipend payments. The Management System once again stated that in order to avoid false information, beneficiaries should bear in mind that the payment of the October and November stipends have not started.

NASIMS said that it was still working on issues concerning payment and hoped to settle everything as soon as possible.

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Npower Payment: NASIMS Talks Payment of October and November Stipends

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Npower

The National Social Investment Management System (NASIMS) has released an update concerning the payment of the Npower October and November stipends to the Batch C volunteers of the Npower programme. The failure to pay the stipends has launched quite the discourse concerning the efficacy of the programme.

In a Facebook post, NASIMS addressed the lack of payment, responding to the enquiries of some beneficiaries. These beneficiaries had previously repeatedly made attempts to find out exactly when the payments for October and November would be commencing.

NASIMS first moved to clarify how the payment process works, explaining that the payment procedure is not quick and it takes time. The group stated that the account would need to be validated before anything else, after which the bank account details would be forwarded to the Central Bank of Nigeria, who will in turn send out the required stipends to the financial institutions.

The Facebook post closed with NASIMS saying that they are not aware of an exact date on which the payment of the October and November stipends will commence, but mentioned that they are sure that the payment process will be starting anytime soon.

Also, the Federal Government – through NASIMS – has told the beneficiaries of Batch C to provide their Bank Verification Numbers if they are yet to do so, as the BVN is necessary for account validation. The Federal Government also confirmed that if payment status reflects as ‘Pending’ on the dashboard, it means that the account has been successfully validated.

At this stage, beneficiaries are to simply be patient and wait for the payment to be made.

NASIMS also stated that its attention has been drawn to a ridiculous post going around social media, concerning the commencement of Batch C2 selection. The post announced that the Batch C2 of the Npower programme had begun and individuals would need to pay N4500 to be enlisted.

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Omicron, WHO Gives New COVID Variant Name

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Omicron variant

The World Health Organisation (WHO) has designated the new COVID variant B.1.1.529, Omicron on Friday.

The organisation disclosed in a statement published on its website after its officials assessed data received from South Africa earlier today.

It said “The B.1.1.529 variant was first reported to WHO from South Africa on 24 November 2021. The epidemiological situation in South Africa has been characterized by three distinct peaks in reported cases, the latest of which was predominantly the Delta variant. In recent weeks, infections have increased steeply, coinciding with the detection of B.1.1.529 variant. The first known confirmed B.1.1.529 infection was from a specimen collected on 9 November 2021.”

“This variant has a large number of mutations, some of which are concerning. Preliminary evidence suggests an increased risk of reinfection with this variant, as compared to other VOCs. The number of cases of this variant appears to be increasing in almost all provinces in South Africa. Current SARS-CoV-2 PCR diagnostics continue to detect this variant. Several labs have indicated that for one widely used PCR test, one of the three target genes is not detected (called S gene dropout or S gene target failure) and this test can therefore be used as marker for this variant, pending sequencing confirmation. Using this approach, this variant has been detected at faster rates than previous surges in infection, suggesting that this variant may have a growth advantage.”

Therefore, countries are asked to do the following:

  • enhance surveillance and sequencing efforts to better understand circulating SARS-CoV-2 variants.
  • submit complete genome sequences and associated metadata to a publicly available database, such as GISAID.
  • report initial cases/clusters associated with VOC infection to WHO through the IHR mechanism.
  • where capacity exists and in coordination with the international community, perform field investigations and laboratory assessments to improve understanding of the potential impacts of the VOC on COVID-19 epidemiology, severity, effectiveness of public health and social measures, diagnostic methods, immune responses, antibody neutralization, or other relevant characteristics.

WHO said its independent Technical Advisory Group on SARS-CoV-2 Virus Evolution (TAG-VE) will continue to evaluate this variant and communicate new findings to member states.

On Friday, Belgium reported a case of Omicron variant covid in a traveler from Egypt while Hong Kong reported two cases.

The United Kingdom, US, Israel and others have imposed restrictions on flights from South Africa and other six nations to curb Omicron outbreak in the nations.

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