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Agents, Importers Say 24-hour Port Operation Breeds Insecurity



  • Agents, Importers Say 24-hour Port Operation Breeds Insecurity

The effective implementation of the Federal Government’s Executive Order that the Lagos Ports should run on a 24-hour basis may be marred by security challenges, our correspondent has gathered.

As part of the Executive Order on the ease of doing business at the nation’s seaports, the government had in May 2017 directed the Nigerian Ports Authority to immediately embark on a 24-hour ports operations across the nation.

While signing the Executive Order, the then Acting President, Prof Yemi Osinbajo, had stated that “the Apapa Port shall resume 24-hour operations within 30 days of the issuance of this order and there shall be no touting whatsoever by official or unofficial persons at any port in Nigeria.”

Stakeholders, however, noted that the implementation of the order had not been successful.

In a communiqué issued at the end of the Primetime Reporters’ annual lecture and awards in Lagos recently, they argued that the 24-hour ports operation was not successful due to challenges of non-availability of some key government officials to effectively carry out their duties and responsibilities, and the fact that stakeholders (importers/clearing agents etc.) did not work for 24 hours for security reasons.

They suggested that the government should step up security in the various seaports to encourage 24-hour operation.

The Lagos ports have witnessed a spate of robbery attacks in recent times. On May 19, daredevil sea robbers attempted to rob a bulk carrier at the Lagos anchorage.

There have been similar incidents of attacks on various terminals in the last eight months.

During a stakeholders’ meeting in Lagos in May, the Managing Director, NPA, Ms Hadiza Usman, urged terminal operators to scrutinise their internal security systems.

The agency reiterated that the reason for shipping companies to have holding bays was to control the spate of robbery attacks at the ports.

Usman, who was represented by the Executive Director, Marine and Operations, NPA, Dr Sekonte Davis, said that some of the attacks on vessels discharging at the ports came from miscreants occupying shanties and illegal structures around the ports.

She, however, gave an assurance that the agency was collaborating with the Nigerian Navy to provide security for vessels.

The NPA had last year entered into collaboration with the Lagos State Security Trust Fund to address security challenges in the state.

While on a courtesy visit to the LSSTF office in Alausa, Ikeja, in July, Usman said the collaboration would be of immense economic benefits to the state and the country at large.

“I also assure you of our commitment to collaborate with the fund in areas where the support is necessary to improve on the challenge of insecurity and traffic management around the Apapa Port,” she had stated.

The Executive Secretary, LSSTF, Dr Abdurrazaq Balogun, stated, “As we all know, the well-being and security of the people of a state is the responsibility of the state government, and that is why the Lagos State Government has made giant strides to see that this is put in place. Today, the state government is the fund’s biggest donor.”

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

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Seplat Appoints Emeka Onwuka as CFO, Executive Director



Seplat Named Emeka Onwuka as CFO and Executive Director

Seplat Petroleum Development Company Plc has appointed Mr. Emeka Onwuka as the Chief Financial Officer (CFO) and Executive Director of Seplat, effective from August 1, 2020.

In the statement signed by Mrs. Edith Onwuchekwa, Company Secretary and Chief Governance Compliance Officer, and released through the Nigerian Stock Exchange, Mr. Onwuka has more than 30 years of experience in financial services within Sub-Saharan Africa.

“He has acted as the voice and face of major financial institutions in Nigeria as former Group Managing Director /CEO of Diamond Bank Plc and former Chairman of Enterprise Bank Limited. Mr Onwuka is a Partner at Andersen Tax Nigeria and holds various Board positions as Chairman; FMDQ Securities Exchange Limited; Director FMDQ Holdings Limited; Director, Ecobank Nigeria Limited; and Director, Bharti Airtel Nigeria,” the Company stated.

“Mr Onwuka received his B.SC. in Political Science from the University of Nigeria, Nsukka and holds an MBA from the University of Benin. He is a Chartered Accountant, a Fellow of the Institute of Chartered Accountants of Nigeria, a Fellow of Chartered Institute of Taxation of Nigeria. He has attended executive programs at the Lagos Business School, Wharton Business School and Harvard Business School.

“Mr. Onwuka holds the Nigerian National Honour, Officer of the Order of the Niger (OON). The Board of Seplat is confident that the wealth of knowledge and experience he brings will be a great addition to the Company.

“This announcement is being made in accordance with Rule 4 of the Nigerian Stock Exchange Amended Listing Rules.”

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TAJBank Joins e-Commerce Giants- Launches Nigeria’s 1st Ethical Online Mall



TaJBank E-commerce

TaJBank Launches Ethical Online Mall

Abuja Nigeria July 8th, 2020  Nigeria’s most innovative Non-Interest Bank, TAJBank, has announced the highly anticipated launch of TAJMall, the nation’s first ethical online shopping mall.

The highly anticipated launch of the e-commerce site, which held recently, is coming closely on the heels of the commencement of its Agency Banking Network which began in June across thirteen (13) states in the country.

To celebrate this milestone, the brand will be holding a week long TAJMall campaign from 6th – 11th July 2020 to sensitize and also reward its new customers to its platform.

“This is a great milestone as we present a fully customer focused e- commerce platform offering 100 percent authentic brands from highly vetted vendors. Our mission is to rebuild trust in the online shopping niche, hence the emphasis on our platform being an ethical shopping mall. We want to deliver on our promise and make this an enjoyable and safe experience not just for our customers, but also for our numerous trusted vendors as well,” said Founder/COO TAJBank, Hamid Joda.

“Our customers place absolute trust that goods will be delivered exactly as requested, and we do not take that trust lightly, he added.

The brand expressed commitment to continuously deploy technological tools on it’s new e- platform to maintain optimal customer service delivery and ensure shopping on TAJMall remains a productive and hassle free experience.

Customers who log onto the platform (or download the app), will have the opportunity to enjoy massive price slashes, shopping coupons, free shipping and other incredible offers. The Bank also intends to offer financing to its customers who shop on the mall.

“Well beyond our exciting line up of activities, they are assured the highest level of value each time they make a purchase on TAJMall. Our marketing insights have shown that there is an increasing need to match the kind of variety in product offerings that customers yearn for with the exceptional shopping experience that may at times be lacking. We aim to make that an unmatched experience right from the moment our customers visit our mall to the receipt of their items,” affirmed Co-Founder/CMO, Mr Sherif Idi.

Customers shopping on TAJ Mall are guaranteed 100% authenticity, official warranties from the brands, and a 5 day return policy at no extra cost to the customer.

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Warren Buffet to Give Out Another $2.9bn, Total Donations Now $37bn



Warren Buffett's Donations

Warren Buffet Gives Away $2.9bn, Total Donations Now $37bn

Oracle of Omaha, Warren Buffet, has announced his yearly charitable donations to the five philanthropies he picked to donate most of his fortune to.

The billionaire plans to give out 15.9 million class B shares of Berkshire Hathaway worth $2.9 billion to the five philanthropies. This will bring his total philanthropic donations to $37 billion since 2006.

Warren Buffett

Buffet, who has promised to give away about 99 percent of his fortune, still hold 248,734 Class A shares of Berkshire valued at around $67.5 billion.

However, before he began given out his shares, Oracle of Omaha held 474,998 Class A shares of Berkshire, which would have worth about $129 billion as of today.

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