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FACTS AND FIGURES: 21 REASONS GYB STANDS OUT PART III.

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“An individual has not started living until he can rise above the narrow confines of his individualistic demands to the broader concerns of humanity.” – Martin Luther King Jnr.

Recall sometime last month, we drop two series of why Governor Yahaya Bello stands out among his contemporaries; you can read up  Facts & Figures: 21 Reasons GYB Stands out (Part 1) and  Facts & Figures: 21 Reasons GYB Stands out (Part 2)

The GYB revolution in Kogi remains a marvel to naysayers and a wonderment to those who are determined to see no good and say no good about the Yahaya Bello superintendence of the Confluence State, but the mere wish of failure cannot stop the determined. Kogi is a marvel on several scores because rather than join issues with his detractors GYB is at work for the good of the State of Kogi and her wonderful people.

GYB’s strides in Kogi are Olympic and so is his commitment to good governance, please carefully interrogate the concluding Part of the 21 things that qualify Governor Yahaya Bello GYB for higher office, as without an ounce of equivocation GYB STANDS OUT.

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15. GYB leads the pack in the engagement of Youths, Women and the Physically Challenged in Governance and Leadership, little wonder the leadership of the ruling Party found him worthy to Chair the Party (APC) Revalidation and Reregistration protocols in that respect.

16. The UNITED NATIONS in a letter dated 26th January, 2020 without mincing words acknowledged and commended Governor Yahaya Bello for being one of the foremost gender sensitive leaders in Nigeria, and that Kogi State stands out as an example in gender balance in governance in Nigeria, indeed GYB was clearly praised for promoting women inclusiveness in politics and leadership. With such incontrovertible fact in a nation craving gender inclusion, GYB shows the way to the future.

17. Having made Kogi State the safest State in the North, and the second safest State in Nigeria after the State of Osun, GYB have been able to sustain an amicable Herder/Farmers cooperation in the State such that food security in the Confluence State of Kogi remains unbroken. And such that the world class Rice Mill constructed by the Government of GYB continues to produce Rice without hindrance, such is the enigma called GYB.

18. In the face of the raging Covid19 controversy regarding the position of GYB on the pandemic, and not worried about the invectives of The Presidential Task Force PTF on Covid19 ditto the warning that Kogi State is high risk, Kogi State has remained the State with the least Covid19 infections in Nigeria, and tops the chart in the State with the highest Foreign Direct Investment during the last Lockdown of the economy. In doing this GYB have chosen the love for his people and indeed the Country over political correctness. He has chosen the wellbeing of the nation over political correctness. And have chosen to challenge State operators to interrogate and find a home based approach and solution to the Covid19 pandemic. This uncanny patriotism and consistency qualifies GYB for the Presidency of the Country come 2023.

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19. Not only has GYB shown capacity as a leader of men and women, and a great manager of resources, the young man who at 45 superintends over and have secured a State with a landmass more than the entire South East put together, have also conquered the biases of ethnicity and religion in Kogi State. He has not only advanced the waters of religious and tribal harmony he has by being the first civilian Governor in almost 3decades to build a Chapel in the Government House, he being a Muslim, shown the way to religious harmony. Without a vestige of doubt GYB is the bridge builder that Nigeria needs today.

20. As the enigma called GYB continues to engage the young and the old at all levels and layers of leadership in the State of Kogi, he calls out to the nation called Nigeria to follow his exemplary leadership modem by building an inclusive leadership paradigm where the Young can draw wisdom from the old in a highly competitive world without the old feeling threatened. The GYB model is the call for a nation where competency and capacity is king, and GYB is saying that when made PYB we shall build a nation where competency and capacity reigns.

21. Being the Governor and the Chief Executive of the State that has paid off the most of its local debts, having lately paid off as much as almost 51billion of her local debt, GYB is saying that fiscal discipline and prudence shall be the hallmark of the nation he shall superintend by the grace of God and the citizens of this great nation come 2023.

Compatriots, Kogi State is an example of proactive Youth competency and capacity in governance. And GYB is the lamp holder showing the way to what Nigeria can become should the youths, women and the aged support him to replicate the Kogi magic at the national level.

The liberty to interrogate these facts are yours Countrymen and women, however the enigma fondly called GYB in the face of the sacred truths and facts here above presented is apparently the most fit, able and qualified for the high office of President come 2023.

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CONCLUDED…

Chabor Musa Nyamgul Jnr.
Convener GOT YOUR BACK NIGERIA (GYB NIGERIA).
For Details On This and More, Please visit www.gybnigeria.com

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CBN Sells Polaris Bank To SCIL

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CBN Sells Polaris Bank To SCIL
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The Central Bank of Nigeria (CBN) has announced the completion of the sale of shares in Polaris Bank to Strategic Capital Investment Limited (SCIL), a new core investor.

In a statement signed by its Director, Corporate Communications Department, Osita Nwanisobi, the CBN said that SCIL has paid an upfront consideration of N50 billion to acquire 100% of the equity of Polaris Bank and has accepted the terms of the agreement,  including the full repayment of the sum of N1.305 trillion,  being the value of the bonds, which as part of its intervention, in 2018, to revoke the licence of the former Skye Bank Plc. and establish Polaris Bank to assume its assets and certain liabilities,  the banking industry regulator injected into Polaris through the Asset Management Corporation of Nigeria (AMCON) and is to be repaid over a 25-year period.

The statement reads: “The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) are pleased to announce the completion of a Share Purchase Agreement (SPA) for the acquisition of 100% of the equity in Polaris Bank by Strategic Capital Investment Limited (‘SCIL’).

“Polaris has been operating as a bridge bank since 2018 when the Central Bank of Nigeria intervened to revoke the licence of the former Skye Bank Plc. and established Polaris Bank to assume its assets and certain liabilities. As part of the CBN intervention, consideration bonds with a face value of N898 billion (future value of N1.305 trillion) was injected into the bridge bank through AMCON, to be repaid over a 25-year period.

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“These actions were taken to prevent the imminent collapse of the bank, enable its stabilisation and recovery, protect depositors’ fund, prevent job losses and preserve systemic financial stability. SCIL has paid an upfront consideration of N50 billion to acquire 100% of the equity of Polaris Bank and has accepted the terms of the agreement which include the full repayment of the sum of N1.305 trillion, being the consideration bonds injected.

“The CBN thus received an immediate return for the value it has created in Polaris Bank during the stabilisation period, as well as ensuring that all funds originally provided to support the intervention are recovered. The sale was coordinated by a Divestment Committee comprising representatives of the CBN and AMCON, and advised by legal and financial consultants. The Committee conducted a sale process by ‘private treaty’, as provided in Section 34(5) of the AMCON Act to avoid negative speculations, retain value and preserve financial system stability.

“In the process, parties who had formally expressed an interest in acquiring Polaris Bank, subsequent to the CBN intervention in 2018, were invited to submit financial and technical proposals. Invitations to submit proposals were sent to 25 pre-qualified interested parties, out of which three parties eventually submitted final purchase proposals following technical evaluation. All submissions were subject to a rigorous transaction process from which SCIL emerged as the preferred bidder having presented the most comprehensive technical/financial purchase proposal as well as the highest rated growth plans for Polaris Bank.”

The CBN Governor, Mr. Godwin Emefiele, was quoted in the statement as saying that: “This sale marks the completion of a landmark intervention in a strategic institution in the Nigerian banking sector by the CBN and AMCON. We commend the outgoing board and management for their vital role since the bridge bank was established; in stabilising the Bank’s operations, its balance sheet and implementing strong governance structures to address the issues that led to the intervention.

“This process has provided the CBN with an unprecedented opportunity to recover its intervention funds in full and promote financial stability and inclusive growth. We wish SCIL well as they implement growth plans to build the bank from the strong foundations that have been established.”

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Media Intelligence agency Marks Six years of Operation in Nigeria

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Media Intelligence agency Marks Six years of Operation in Nigeria.
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Media Intelligence agency Marks Six years of Operation in Nigeria.

P+ Measurement Services, Nigeria’s foremost Independent Public Relations measurement and evaluation agency, celebrates its sixth year of effective operation with qualitative offerings for its numerous clients, as it rebrands with a new business logo, website, and office to deepen penetration.

The leading company has in the past six years engendered the needed growth for its clients, and the rebranding is part of efforts aimed at sustaining its leading position in the sector, having worked with over 47 brands and 17 Public Relations agencies in Africa’s largest economy.

The logo with new colors depicts the innovation and creativity of the brand, as also shown on its new website with the agency service rate, to enable brands and agencies to make faster decisions in budgeting.

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As the only AMEC Member in Nigeria, P+ has strong partnerships with the Nigerian Institute of Public Relations (NIPR) and Reelforge Media Monitoring, the biggest media monitoring agency in the East African region, covering more than five countries.

Speaking on the company’s new development, the Chief Insights Officer, Philip Odiakose, said P+ is strongly positioned to effectively deliver on its offerings, with state-of-the-art structure, process and highly skilled media analysts in an exceptional and value-driven business model in line with global best practices.

“Our Measurement and Evaluation report is in-depth, robust, and flexible to accommodate valid metrics that brands desire to see reflected in their customized reports, and also based on the AMEC Standard in accordance with the Barcelona Principle 3.0. We deploy the P+MCA (media content analysis) methodology for media evaluation and analysis based on qualitative and quantitative metrics in analyzing media exposure,” Odiakose affirmed.

He said the new office would serve as a hub in the country and the West Africa sub-region, where the company will provide media monitoring, measurement, evaluation, and performance audit services for brands, media agencies, government  agencies and NGOs.

Also as part of its efficient services, the measurement and evaluation company introduced “Get-Reports,” a novel product that allows the purchase of PR performance audit reports in key sectors.

The “Get-Reports” product spans across different industries which includes the 22 Commercial Nigerian Banks PR Performance Audit Report, Top Nigerian Insurance PR Performance Audit Report, Top Nigerian Digital Banks PR Performance Audit Report, and Top Online Streaming Services PR Performance Audit Report.

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It’s not too late for NASS to revisit e-transmission of election results – SAN

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By Gistflash News

Sept 26, 2021

A Senior Advocate of Nigeria (SAN), Mallam Yusuf Ali, says it is not to late for members of the  National Assembly to revisit the issue of  electronic transmission of election results to ensure credibility.
Ali, who made the remarks while speaking in an interview with newsmen on Sunday in Osogbo, said the more credible elections were, the less litigations they will attract.
The  News Agency of Nigeria (NAN) reports  that the Nigerian Senate had on July 16, passed the Electoral Act (Amendment) Bill, 2021, after division among its members on the electronic transmission of results.

The clause 52(2) of the bill gives the Independent National Electoral Commission (INEC) the discretion to determine when, where and how voting and transmission of results will be done.

The Senate had ruled out the possibility of having results transmitted electronically when it voted that the NCC, with the National Assembly’s approval, would determine whether INEC could transmit results electronically or not.

Similarly, the House of Representatives, on July 16, passed the Electoral Act (Amendment) Bill, maintaining the controversial Clause 52(2) as presented amidst protests, especially by members of the minority caucus.

After the passage of the bill, the Speaker, Mr Femi Gbajabiamila, criticised the proposed electronic transmission of election results, saying it was not feasible in the country for now.

According to Ali, since INEC had assured that it had the capacity to transmit election ressults electronically, it should be allowed to do so.
“For me, it is not too late for the National Assembly to revisit the matter, since the INEC said it has the capacity to transmit election results electronically.
“The legislature should do that which will assist in ensuring credible elections,” he said.
Ali also urged politicians to desist from “do-or-die” politics, adding that the electoral system was too moneytised.
“One major problem with our politicians is this do-or-die politics and the moneytisation of the political process.
“That is why we see so many litigations in the political process. It is all because people see political offices as an avenue to run away from poverty and not for service.
“I have said it before, if you are given an assignment for two or four years and you do it diligently, you will not want a renewal, you will just want to go home,” he said.
NAN

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