Tag Archives: Union Bank

Seun Onigbinde, Gbenga Adeyinka, Mike Dada, others lend their Voice for the 3k4 Orphans Campaign

Giving Garage is set to hold its second edition of the orphans support programme themed; “The Green Reception; Lets Encourage Celebrations at Charity Homes”, scheduled to hold on Sunday January 31, 2016, at the Heart of Gold Children Hospices, Surulere, Lagos.

To commemorate Giving Garage Orphanage Outreach in January after successfully hosting the Green Giving Yuletide at the Lions Village Motherless Babies Home in Lekki inspired by YALI GOES GREEN, Chaste Inegbedion, Leap Africa Social Innovation Fellow & Founder Giving Garage is collaborating with Heart of Gold Children Hospices an organization dedicated to abandoned and orphaned children suffering from a vast range of severe congenital, physical and mental disabilities through the power of grassroots action and advocacy by providing information, support, and campaigning for improved standards of care for abandoned Children in the 3K4Orphans Campaign.

3K4Orphans arises from the dire need to assist Orphans. The idea is that if Five Hundred People donates Three Thousand naira each, 3K4Orphans will successfully raise One Million, Five Hundred Thousand naira for Orphans.

The funds will go towards the Heart of Gold Hospices (Orphanage) to start an entrepreneurial venture that would help sustain the home on a monthly basis, create jobs and fulfil the SDGs Goal 1 to reduce Poverty.

Managing Director, PRMAfrica and Executive Producer, AFRIMA, Mike Dada, notes that

    “At a time like this using Prominent Personalities as a force of good to raise awareness for this Initiative. The campaign is also a fantastic opportunity to shed light on the financial challenges orphanage homes face and crowd-funding for entrepreneurial ventures to sustain homes on a monthly basis with less emphasis on Grants & Sponsorship.

    Together, we stand to help these orphans with special needs & letting them know we care. All proceeds of the 3K4Orphans Campaign go to the orphanage home entrepreneurial venture.”

Campaign Leader Chaste Inegbedion speaking on the 3K4Orphans campaign says

    “sometimes, it is important to remember that we all have a responsibility to the world that we have been placed in. 3K4Orphans campaign is an opportunity to show that there is power in every single one of us to change our society; in this situation, improving the living standards of orphans and encouraging celebrations at this home starting with January Celebrants. Together, we can raise One Million, Five Hundred Thousand Naira and more!”

3K4Orphans will run throughout the month of January till post Valentine Day with a weekly diary in partnership with Agbowo.com as well via twitter documenting money raised.

This information will also be available both on Agbowo and the Giving Garage website alongside photographs taken with individual and organizational donors.

Gbenga Adeyinka, Daddy Fresh, Akin Fatunke of Exxon Mobil, Emeka Oparah of Airtel Nigeria, Omobolanle Laniyan of Access Bank, Joseph Laniyan of Union Bank and other prominent Persons are already lending their voice with additions to UN MGCY, LEAP Africa Alumni, AWAS-GYA Nigeria, JCI Lagos Metropolitan and More.

For more enquires on the Campaign and on how to donate Call 08063018069 | Follow @ChasteCharity on Twitter | E-mail – givingarageinfo@gmail.com | Log on to http://www.giving-garage.com


Nigerian Banks Release More Names Debtors

Nigerian Deposit Money Banks on Monday continued with the policy of naming their delinquent debtors with further publication of the names of firms and their directors whose loans have become non-performing for more than one year.
While nine banks published the names of the loans defaulters on Monday, four banks released the lists of their chronic debtors, owing a total of N143.81bn, on Tuesday.
The four banks are First Bank of Nigeria Limited, Access Bank Plc, Diamond Bank Plc and Unity Bank Plc.
The banks, which had published the list of their delinquent debtors on Monday were Zenith Bank Plc, Guaranty Trust Bank Plc, Union Bank Plc, Sterling Bank Plc, Skye Bank Plc, Fidelity Bank Plc, Stanbic IBTC Bank, Heritage Bank Limited and Enterprise Bank Limited.
First Bank, which has its total amount of non-performing loans as N43.72bn, published 92 names of delinquent debtors.
The first five companies on the lender’s list owe a combined sum of N23bn. These are:

    *.Ajaokuta Steel Company Limited,
    *.Starcomm Plc;
    *.BGL Securities Limited, where a former Minister of Finance and National Planning, Kalu Idika Kalu, is a director;
    *.Shield Petroleum Limited owes N6.883bn
    *.Fargo Petroleum and Gas Limited
    *.Zurich International Service, the last on the list, owes N26.69m.

Unity Bank also released 260 names of delinquent debtors with a combined NPL figure of N45.52bn.
The list has the companies of some prominent Nigerians. These include:

    *.Umar Mutallab’s DeanShanger Project Limited, N3.6bn;
    *.Senator Ayodele Arise and a former Minister of State for Works,
    *.Mr. Dayo Adeyeye’s International Payment Devices Limited, N81.9m;
    *.and Prince Adeyanju Olateru-Olagbegi’s Cupid Investment BDC, N90.1m.
    Other prominent companies on the list are:
    *.Ekiti Kete Mass Transit, which owes N991m;
    *.Fargo Petroleum and Gas Limited, N2.5bn;
    *.Ava Cement Limited, N.8bn;
    *.and Plywood Chemical and Accessories, N1.1bn.
    *.Ava Cement topped Unity Bank’s debtors’ list with N9.8bn,
    *.while Malcolm Akpokodje owes the least with N20m.

Access Bank Plc published a list of 11 delinquent debtors, with a combined NPL figure of approximately N3.4bn. Top on the list are:

    *.Bioka Ventures Limited, which owes N1.15bn,
    *.while Derukas International Limited was last on the list with a debt of N56.3m.
    Diamond Bank Plc has N47.17bn as its total NPLs, with companies belonging to prominent Nigerians owing sizeable amounts.These include:
    *.Sir Emeka Offor’s Global ScanSystem Limited, which the bank says owes N181m;
    *.a former Chairman, House of Representatives Committee on the Diaspora, Mrs. Abike Dabiri-Erewa’s Thriller Eneavours, which owes N122m;
    *.and a former Delta State Commissioner for Sports Solomon Ogba’s Delta Mega Trend Limited, which owes N89m.

Aside the 13 banks which have published their debtor lists, other banks which will publish theirs this week are Ecobank Nigeria, First City Monument Bank Limited, Standard Chartered Bank, Keystone Bank Limited, United Bank for Africa Plc and Wema Bank Plc.
Investigations revealed that most of the banks had cut their list of delinquent debtors due to litigation with their customers over disputes arising from loan terms and last-minute renegotiations by some clients.

20 Youngest Power Women In Africa 2014 – Ada Osakwe, Toyosi Akerele make the list

The annual Forbes list of the The 20 Young Power Women In Africa 2014 has been released and it features Nigerian amazons like Ada Osakwe and Toyosi Akerele among others.

    Every year since 2011  have enlisted readers’ help to identify 20 young, extraordinary and inspiring African women, aged 45 and under, who are making the most dramatic impact in individual African countries in the world of politics, business, technology, policy, diplomacy and media for the annual tally of the 20 Youngest Power Women In Africa. Now in its 4th year, the list celebrates 20 influential female leaders, ground breakers & ceiling crashers who are transforming the continent from their communities.

Read about the Nigerians on the list after the cut…

    Ada Osakwe, Nigerian, Advisor to the Honourable Minister Federal Ministry of Agriculture and Rural Development, Nigeria
    Nigeria’s agricultural sector has attracted more than $4 billion in private sector investment commitments over the last year, and Ada Osakwe is an integral reason why. Osakwe, 34, currently serves as the Senior Investment Adviser to Nigerian Minister of Agriculture Akinwunmi Adesina – arguably the best-performing member of President Goodluck Jonathan’s kitchen cabinet. She works directly with the minister, advising him on his policies regarding private sector investments into the food and agriculture sector.  Osakwe also interacts with current and prospective agribusiness investors and champions innovative approaches to channel sustainable private sector engagements in the sector. Previously, she served as Vice President of Kuramo Capital, a New York-based investment management firm. She also worked in various capacities at the African Development Bank.

    Amy Jadesimi, Nigerian, Managing Director, LADOL
    The 39-year-old Nigerian businesswoman is the Managing Director of the Lagos Deep Offshore Logistics Base (LADOL), Nigeria’s only indigenous-owned deep offshore logistics base. Jadesimi earned a BA in physiological sciences at Oxford University, and then went on to work for the investment banking division of Goldman Sachs in London. She subsequently attended Stanford Business School, where she earned her MBA, and returned to Nigeria to set up a financial consultancy outfit before joining LADOL (a company founded by her father) as Managing Director. Since it was founded in 2001, LADOL has turned a former industrial wasteland into a $500 million industrial village and specialized port facility, providing an environment in which high value operations, such as oil and gas drilling and production support, ship building and repairs, specialized manufacturing and engineering can take place 24/7 in a secure Free Zone. The second phase of the LADOL development is currently ongoing and it includes Nigeria’s single largest local content development – a $300 million investment in West Africa’s largest vessel fabrication and integration yards. LADOL Free Zone was created to make Nigeria the hub for West African maritime and oil and gas activities through long-term investment in world class facilities and services. Jadesimi is spearheading this vision.

    Rimini Makama, Nigeria, Director, Africa Practice
    Rimini Makama, 34, is the Communications Director at Africa Practice, Africa’s foremost strategy and communications consultancy. Over the last half a decade, Makama has successfully introduced some of the largest international institutions on the continent and beyond into the Nigerian market, simultaneously helping to strategically positioning them as key players in their industry and encouraging foreign investment in the country. Some of her clients include BlackBerry, Union Bank, Renaissance Capital, Bloomberg, Western Union, World Economic Forum Africa, The Africa Union and Paypal. Rimini has a background in law and after obtaining a BL from the Nigerian Law School and an LLM in International Law and World Order. Prior to a career in communications, she joined the Office of Legal Affairs at the International Criminal Police Organization (INTERPOL) in Lyon, France where she worked as a lawyer primarily reviewing notices and individual requests safeguarding international security and safety across borders. She also drafted cooperation agreements between the 190 member countries.

    Toyosi Akerele-Ogunsiji, Nigerian, Social entrepreneur
    Ogunsiji, 31, is the Founder of RISE NETWORKS, a Nigeria-based private and public sector funded Youth Interest social enterprise with a primary focus on wholesome youth and education development. The organization focuses on creating intellectual development and capacity building programs for young Nigerians between 16 and 30 and receives generous support from several state governments and blue-chip companies. Ogunsiji is an alumnus of the United States Government’s International Visitor Leadership Program.

    Adiat Disu, Nigerian, Founder, African Fashion Week
    Adiat Disu, 27, is an international publicist and founder of Adirée, a New York-based communications and brand strategy company. In 2009, Adirée launched the annual Africa Fashion Week in New York, one of the most popular international African-focused fashion events, in an effort to place structure around Africa’s fashion industry and promote international economic partnerships while promoting brands from Africa on a global scale. It has been a resounding success. Disu and Adirée are also working on hosting other international African Fashion Weeks in other fashion capitals of the world including Paris, Milan, London and Tokyo.