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Sunday Adeyemi

Sunday Adeyemi

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Nigeria’s retail lender, Unity Bank Plc has declared half-year result posting gross earnings of 23.6 billion Naira, which is a 3% increase compared with the corresponding period of 2020.

A review of the unaudited half year result (H1’2021) released to the Nigerian Stock Exchange, the Agric-focused lender showed notable improvement across key financial matrices. The Bank grew bottom-line by 34% as Profit before Tax (PBT) moved up significantly in positive territory to close at N1.50 billion from N1.12 billion recorded in H2 2020. 

Similarly, the Profit After Tax, PAT closed at N1.38 billion within the period under review from N1.03 billion recorded in the corresponding period of 2020, a sign of a stronger recovery in the overall economy and the Bank’s key focus market segment after a disruptive pandemic year.

A major highlight of the result is the growth in the Bank’s loan book, which saw a 22% increase to N246.90 billion within the period compared to N202.08 billion recorded in H2 2020. 

The lender also sustained growth trajectory in its assets as total assets for the period rose by 11% to N547.37 billion from N492.02 billion as of December 31, 2020.

Other highlights of the financial statement include a 21% jump in fee and commission income to N3.07 billion from N2.54 billion in the corresponding period of 2020; and N9.87 billion upticks in net interest incomes, representing a 9% increase from the N9.06 billion recorded in the corresponding period of 2020. 

Interest and similar income also rose though recording a marginal 2% growth to close at N20.27 billion compared to the N19.79 billion recorded in half-year 2020. Earnings per share rose by 3 kobo to close at 11.82 Kobo within the period compared to 8.82 Kobo recorded in the corresponding period of 2020.

The financial report also contained the details of the three months to June 2021 (Q2 2021) report showed that the Bank recorded a 17% leap in gross income to N12.32 billion from N10.50 billion recorded in the corresponding quarter of 2020. 

Pre-tax profit for the period closed at N718.0 million, a 31% increased from N546.35 million recorded in Q2 2020, while Profit After Tax equally closed at N660.57 million from N502.65 million recorded in the corresponding review period.

Commenting on the result, the Managing Director/CEO, Unity Bank Plc, Mrs. Tomi Somefun noted encouraging trends in key performance indicators driving the numbers reported in the H1 result, in that the Bank is beginning to reflect greater consistency, steady outlook and resilience that places it on a performance pedestal ahead of the volatilities in the operating environment occasioned partly by the prevailing global pandemic and other market shocks that have far-reaching implications in the local and foreign economies.

The double digits growth recorded in both earnings and profits, she further added, was the result of a portfolio plan which the Bank set out in the beginning of the year to diversify its portfolio whilst incrementally pursuing asset creation in petrochemical downstream, consumer, healthcare and general commerce with agribusiness providing the bulwark for identified business and brand benefits.

She stated that the Bank will be looking to strengthen its balance sheet from the liability side as it continues to grow its brand franchise in many areas of the retail market by promoting and leveraging its Agriculture value chain businesses as an offshoot to achieve better performance ratios that enable it expand the scope of business for even greater outcome.

Analysts share the optimism on the growth trajectory achieved on the back of contributions from diverse portfolio investments which is a radical departure from the past.

 

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Renowned and patriotic Yoruba son, Chief Stephen Ayodele Fatiregun has just published a remarkable book  of more than a thousand pages with the title of THE WISDOM OF OUR YORUBA ELDERS'. 

 

An alumni of the prestigious Harvard University in the United States of America and a former Managing Director of the multinational company, Hagemeyer (Nigeria)Plc  is a collection of 10,000 carefully selected proverbs, fables and legends with English translations plus a compilation of 130 notable Nigerians of Yoruba origin. Chief Fatiregun, a Fellow of the Chartered Institute of Certified Accountants of London, dedicated the book to the memory of his treasured father, Pa Samuel Ajayi Fatiregun. 

 

The book,  a generational encyclopaedia for the Yorubas, narrates the historical background of the children of Oduduwa.

 

Chief Fatiregun, a Natural Medicine practitioner also laid emphasis on the Yoruba System of Ifa Divination - an imperishable gift to humanity. 

 

The launch will hold on Tuesday, the 3rd of August, 2021 at Sheraton Hotel in Ikeja, Lagos by 11am.

 

The author, Chief Stephen Fatiregun is a passionate lover of the Yoruba culture & tradition.

 

The book, THE WISDOM OF OUR YORUBA ELDERS' which was thoroughly researched took Chief Fatiregun a whopping 55 years to put together.

 

 

 

The highly anticipated hosting of Nigeria Media Nite- Out Award which was earlier scheduled to host in Zamfara State has been rescheduled to Lagos State.

 

According to the Director of Media and  publicity of the prestigious award, Mr Ajibade Alabi, the award which is in it's 15th edition will now be hosted at Lagos Airport Hotel, Awolowo road, Ikeja, Lagos.

 

According to Ajibade; "Initially we have programmed ourselves towards July for the award in Zamfara State, where we intend to go with the winners and some selected top Journalists and Editors who will also tour Zamfara State to inspect the State Government's projects. 

 

"Despite this new development, the glitz, glamour and paparazzi that the award is associated with will not be taken away."

 

The organizers however informed that if the security situation of the country improves the highly octane event could be moved to the North for next year edition.

 

Known for his glamorous gathering, having fail to hold last year due to the global Covid-19 pandemic, this year's edition which is in its 15th edition will be acknowledging journalists, businessmen and politicians for their dexterity and dedication, as well as their outstanding contributions to their various fields.

 

Notably among the awardees is Governor Dr. Bello Mohammed Matawalle (MON) of Zamfara State. He will be receiving an award of the Media Friendly Governor of the Year at the glamorous event.

 

Governor Matawalle will be honored with this award due to his cordial relationship  with the media. The Governor will also use the medium to address the press on his developmental strategies and achievements in Zamfara State since he assumed the office in 2019.

 

 

Others to be honored includes, Borno State Governor, top Northern politicians, Ahmed Sani Yerima, Lagos State Governor, Babatunde Sanwo-Olu, Kogi State Governor, Yahaya Adoza Bello, State of Osun Governor, Gboyega Oyetola, Governors of Cross Rivers and Kano respectively; Ben Ayade,  Abdullahi Umar Ganduje OFR and a host of other prominent Nigerians.

 

 

 

Prior to an invitation extended to His Excellency the Deputy Governor of Zamfara state Mahdi Aliyu Gusau by the state House of Assembly last week, to appear before it, to explain for his non sympathetic attitudes of organizing a political rally in the state last Month at the time the whole state was thrown into mourning of 40 people killed by some  heartless bandits, the Deputy Governor was advised  by several well wishers and allies never to organize the rally at that material time, as it wasn't appropriate

 

However, now realizing the mistakes he made, the Deputy Governor Mahdi is tilting his inhumane acts to the recent order by the Abuja Federal High Court to stop his alleged impeachment process by the State House of Assembly as an excuse of not honoring the independent Assembly invitation.

 

A source at the Zamfara state House of Assembly was quoted to have said that, " The Deputy Governor should at this time suppose to note that, the State House of Assembly has no any aggressive intention towards the Deputy Governor HE. Mahdi Aliyu Gusau, adding that the current Commissioner of Police  was invited by the same Assembly and without any intimidation, the Police Boss appeared before the State Assembly on the same issuesm, because according to the source the Police Commissioner has nothing to hide but rather advice the state Assembly with some highlights to avert future  happening. Therefore, Mahdi the Deputy Governor Should not be afraid to appear before the state Assembly to clear himself: " the source emphasized.

 

 

Recall that Mahdi the Deputy Governor of Zamfara state organized a political rally sometime last month at the period the state government declared three days mourning to commemorate the death of the 40 people killed by heartless bandits in the state.

 

Similarly, Zamfara state Speaker Hon. Nasiru Magarya  advises the State Deputy Governor Mahdi to respect the state legislature to appear in person for  interaction and should not as  a second in Command  entertain any fear to clear himself.

 

 

 

 

- THE FIRST GOVERNOR OF RIVERS STATE FROM MAY 1967-JULY 1975.

 

King Alfred Papapereye Diete- Spiff, a Navy commander, was the first Military Governor of Rivers State. At age 24, he became the first naval officer to be appointed a Governor and served for nine (9) years, from May 27, 1967, to July 1975. 

 

As the pioneer Governor, King Diete-Spiff was saddled with laying the foundation and building the State from scratch. An intelligent, hardworking and visionary patriot, he discharged these responsibilities with distinction. 

 

He put together the most cerebral and progressive cabinet ever in the State's history, to help him achieve his bold and ambitious development plan for the new State. His ingenuity created in Rivers State, developmental strides in Agriculture, Banking, Finance, Insurance, Commerce, Industry, Trade, Education, Human Development, Housing, Urban Development, Hotels, Tourism, Information, Culture, Infrastructure, Judiciary, Recreation Opportunities, Sports, Transportation and Investment hub, among others.  

 

King Alfred built the Rivers State Civil Service from inception with an impressive  State Secretariat Complex consisting of six, nine-story, high rise buildings, including the Podium Block and the 17 story, high Point Block building, which is still the tallest building South-South and South-East of Nigeria.

 

In addition, King Alfred built the Rivers State Sports Complex, which Houses the Sharks Football Stadium, Olympic-Size Swimming Pool, the Multi-Purpose Hall, Training Courts and Gyms for Handball, Lawn Tennis, Squash, Badminton, Boxing, Wrestling, Taekwondo, and other Sports.

 

Furthermore, he built the now defunct Olympia Hotel, Presidential Housing Estate, the Rivers State Newspaper Corporation, the Rivers State Broadcasting Corporation, AM station, Catering Rest Houses and General Hospitals in the major towns and local government headquarters of the state.

 

King Alfred was equally outstanding in the area of Education. He established the Rivers State College of Science and Technology (now Rivers State University), the School of Nursing and Midwifery, the Rivers State College of Education (Ignatius Ajuru University of Education), and the Rivers State School of Health Technology.

 

Understanding the importance of manpower development, he awarded foreign and local scholarships to hundreds of Rivers State sons and daughters to further their education. In-office, he pursued an industrialisation schema and established several state-owned companies, including the West African Glass Industry, Pabod Breweries Company Limited, Rivers State Vegetable Oil Company, Pabod Finance and Investment Company Limited, Risonpalm (Siat Limited), Eastern Iron Wrought Industries Limited, Metroplastica and Supabod Stores, the New Layout Market and the Port Harcourt Zoological Park, among others. He also started work on the Liberation Stadium (now General Yakubu Gowon Stadium).

 

Indeed, King Diete-Spiff was so outstanding that he is still revered by the people of Nigeria and Rivers State for laying the solid developmental foundation which successive administrators and governors have continued to leverage on. 

 

Crowned and recognized as King in 1978, His Royal Majesty King Alfred Papapereye Diete-Spiff, the Amanyanabo of Twon-Brass Kingdom, is the chairman, Bayelsa State Traditional Rulers Council. He served in the 2005 Confab Committee on Models and Structures of Government; he is the Chairman of Citres, INC (Ijaw National Congress), National Chairman, Board of Trustees of the Nigerian Association of Auctioneers, Member, National Political Reform Conference, National Think – Tank, South-South People Assembly (SSPA), among others. 

 

King Alfred is the Chancellor Novena University, Ogume, Delta State, Chancellor Bayero University, Kano and most recently, Chancellor, Nigeria Maritime University, Okerenkoko, as well as Trustee of many organisations. 

 

He established the first private school in Rivers State- Bereton College, now Titare Star Royal Academy, Port Harcourt. 

 

His works have attracted several recognitions  among which are  awards for outstanding contribution to tourism in Nigeria, distinctive achievements, leadership, and contribution to the cause of humanity, crown ambassador of peace, Nigeria National Merit Award, Order of the Federal Republic (OFR), among others. King Alfred Diete Spiff is indeed, an elder statesman of note in Nigeria and beyond. 

 

King Alfred is an uncommon patriot that has devoted his entire life to the service of Nigeria and humanity. He is the King of Twon-Brass Kingdom, a community on Brass Island in the Brass Local Government Area in the Nun River estuary of Southern Bayelsa State in Nigeria.  

 

His Excellency, His Eminence, the Amanyanabo of Twon-Brass Kingdom, is the son of Claude Amange Diete-Spiff. He is married to Her Majesty, Dr. (Barr) Josephine Diete-Spiff. JP, a multi-discipline educationist with numerous awards.

 

The family is blessed with Children. 

 

We celebrate and salute the worthy pioneer Governor of Rivers State, the esteemed King of Twon-Brass Kingdom. A born Leader, a Monarch, an Elder Statesman; a Navigator, an Arbitrator, a Pilot, Sailor, Diver Educationist, Consultant, Industrialist, Mediator, Conciliator, Arbitrator and Sportsman per excellence, His Eminence, Excellency, Royal Majesty, Dr Alfred Papapereye Diete-Spiff, OFR, DF, JP, Amanyanabo of Twon-Brass Kingdom, SERIYAL II, as he walks into the last year of his Septuagenarian era. On this auspicious day of His Birth, we wish this distinguished royalty and history maker more fruitful years ahead. 

 

The world celebrates a King with a heart of gold who has exhibited selfless and visionary service towards the growth and wellbeing of Nigerians and Bayesians all over the world. 

 

A King in his shining amour remains an enigma wrapped up in a jig-saw puzzle—as orchestrated by fate.

 

 Happy Birthday to a worthy King! Many Happy Cheers and Congratulations Your Eminence and God’s continual blessings!

 

 

Courtesy : 

 

Her Majesty, Queen Dr. (Barr) Josephine Diete-Spiff. JP

Of Twon-Brass Kingdom

 

Contributors:

 

*Eve Afrique Business & News

*Fredrick Fadipe

 

 

Borno State Governor, Babagana Umara Zulum on Thursday chaired the induction of 1,000 hunters freshly engaged to join existing ones in the ongoing fight against Boko Haram.

 

The hunters are to provide dedicated protection to farmers who cultivate crops in outskirts of Jere, where over 70 farmers were killed in November 2020 as well as farms in parts of Maiduguri metropolis, Konduga and Mafa Local Government Areas. 

 

Zulum has since 2019, engaged the services of thousands of hunters drawn from different parts of northern Nigeria, to join volunteers in the civilian JTF and vigilantes. The Governor also increased and automated monthly allowances of all volunteers, provided kits, surveillance tools and allocated hundreds of vehicles to units in all of Borno’s 27 local government areas. 

 

Induction of the latest 1,000 addition of hunters was done at Gongulong ward, weeks after each of them completed security vetting by the DSS and the military. The event was attended by Secretary to Borno state Government, Usman Jidda Shuwa, head of service, Barr. Simon Malgwi, commissioners and other government officials. 

 

"Our local hunters have become part of our success story because of their active involvement in trying to address the security challenges we have been facing in the state. This largely prompted us to engage in the recruitment of more hunters to assist our gallant military in their undeniable and commendable efforts to end the insurgency” Zulum said. 

 

In a welcome address, member representing Jere at the House of Representatives, Satomi Ahmed, lauded Zulum for his foresight and determination to secure lives and property of Borno people. 

 

The Governor has been combining mass recruitment and equipping of more counter insurgency volunteers into the C-JTF, hunters, and vigilantes, with support for the Nigerian Armed forces, and provision of education, and socio economic support to vulnerable persons across the state.

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