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BEER LUBRICATES CULTURE, ENHANCES SOCIAL BONDING – STUDY

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Drinking, as we have already noted, is essentially a social act, subject to a variety of rules and norms regarding who may drink what, when, where, with whom and so on. Drinking does not, in any society, take place ‘just anywhere’, and most cultures have specific, designated environments for communal drinking.
Alcohol has long been regarded as a social leveller, and the act of communal drinking as a means of communication between those of different ranks and status in society
Major life-cycle events such as birth, coming-of-age, marriage and death; important life-changes such as graduation or retirement – and even far less momentous shifts such as the daily transition from work to play – all require ritual endorsement
Alcohol punctuates our lives from the cradle to the grave. A few drinks to ‘wet the baby’s head’ is a common practice in many cultures. In Poland, Christenings are celebrated in the local tavern, with the child’s godparent covering the cost of the liquor (Freund, 1985).
“These ceremonial events, with their accompanying drinking patterns, undoubtedly provide relief from the daily boredom and frustrations of peasant agricultural life. They also provide a base for conviviality and the easing of social tensions in a society where human relations are not easy. Alcohol seems to do much, for example, to break down barriers between the sexes and social classes on ceremonial occasions.”
In most cultures, a marriage is a major transformation, conducted in stages, each of which requires a drinking-event.
In many cultures, the ritualisation of transition is not restricted to the major life-cycle transitions of birth, coming-of-age, marriage and death, but extends to less portentous life-changing events such as graduation, job promotion, house-warming and retirement. The need to invest ‘lifestyle’ transitions with wider social and symbolic meaning – and particularly to do so by drinking – seems a near-universal feature of human cultures.
The purchase or building of a first house, and subsequent house-moves, are, in many cultures, transitions of significance in terms of social and economic status, as well as potentially stressful events for those concerned – a combination which seems to demand ritual recognition. In some cultures, the rites of passage associated with house-transitions may involve only family and close friends; in others, the entire community may participate in the ritual, in which alcohol will usually play a central role.
As we have seen, however, the symbolic meanings attributed to alcohol vary across different cultures, and the suitability of alcohol as a symbol of transition to playtime, the perception of drinking as antithetical to working, is by no means universal. In many cultures, the stop off at the drinking-place on the way to work, or to ‘re-fuel’ at lunchtime, is just as common as the after-work drinking session, and alcohol is used to generate ‘energy’ and enthusiasm for work, as well as to relax after work or to celebrate the completion of a task.
This perception of alcohol as a quintessentially ‘social’ substance is reinforced by the practices associated with its consumption at rites of passage – the rituals of pouring, sharing, toasting, round-buying etc. – which serve to define and regulate social relationships, to promote conviviality and to build and strengthen interpersonal bonds.

Despite cross-cultural variations, the central fact remains that in all cultures where alcohol is used, drinking is an essential element of celebration. This requires explanation: why should alcohol, rather than any other substance, be the universal symbol of festivity? The answer requires an understanding of the underlying social functions of celebration, and their relation to the symbolic and pharmacological properties of alcohol.
A new study has revealed that drinking moderate amounts of alcohol in a group setting boosts people’s emotions and enhances social bonding. The study, published recently in the journal Psychological Science also found that moderate consumption of alcohol can minimize negative emotions — or at least reduce displays such as being silent in a group
The study, funded by the U.S. National Institute on Alcohol Abuse and Alcoholism submitted that Alcohol fueled social bonding and increased the amount of time people spent talking to one another. It also increased the frequency and enhanced the coordination of “true” smiles, the researchers said.
According to researchers, beer allows us to loosen up when we indulge with moderation and respect, while it also inspires us to be our true selves.
“Too many of us go about our daily lives suffocating in our own uptightness, in a constant state of worry, focused on work and not life, being nitpicky and oblivious to the wonderful people and moments that surround us. Too many people never take a break to sit down with a pint of their favorite, to look over at the person next to them and say “hello,” to make a connection — an important connection,” the researchers said.
In carrying out the study, researchers randomly assigned 720 men and women to groups of three people who didn’t know one another. They said previous studies have focused on alcohol’s effect on individuals.
“We felt that many of the most significant effects of alcohol would more likely be revealed in an experiment using a social setting,” study author Michael Sayette, a professor of psychology at the University of Pittsburgh, said in a journal news release.

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May Day: Glo salutes Nigerian workers  

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Digital telecommunications solutions provider, Globacom, has saluted Nigerian workers as the country observes this year’s edition of the International Workers’ Day. The company enjoined them to rededicate themselves to excellence so as to take Nigeria to the next level.

 

In a solidarity message released on Tuesday, Globacom lauded the resilient spirit of workers in spite of present challenges. It urged them to use the opportunity of the Workers’ Day to reflect on how their contributions can build a better and more vibrant society.

 

“We salute Nigerian workers on this this day and commend them for the hard work, commitment, resourcefulness and industry which are essential for the growth of the economy of any nation”, Globacom said, and urged them not to rest on their oars.

 

The company noted that the story of Nigeria cannot be complete without the huge contributions of workers, both in the public and private sectors.

 

The International Labour Day is observed annually on May 1 to recognize the contributions of workers all over the world. It is also used to promote a fairer and more sustainable future for all by advocating for workers

’ rights.

 

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How Adeduntan Resigned As First Bank CEO On CBN’s Order

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There are strong indications that the sudden resignation of former Managing Director and CEO of First Bank, Dr Adesola Adeduntan was triggered by directives from the Central Bank of Nigeria (CBN).
LEADERSHIP gathered that news of his resignation broke in Nigeria while Adeduntan was still attending the World Bank/IMF Spring Meetings in Washington DC.

The former CEO suddenly notified the board of his intention to leave with effect from April 20, eight full months to the expiration of the third term of three years which he won as a reprieve by former CBN governor Godwin Emefiele.

Announcing his retirement, the MD said: “As you are aware, my contract would be expiring on 31 December 2024 after which I would no longer be eligible for employment within the Bank having served as the Managing Director/Chief Executive Officer of FirstBank for a record time of nine years.

“During this period the Bank and its subsidiaries has undergone significant changes and broken new grounds. We have repositioned the institution as an enviable financial giant in Africa. I have however decided to proceed on retirement with effect from 20 April 2024 to pursue other interests.

“I am eternally grateful to the board of directors of FirstBank and FBN Holdings Plc for the support that I received from them during my stewardship. I wish our iconic institution continued success and progress as we move into the next phase of its evolution.”

Messages sent to the Bank were not replied as at the time of writing this report.
According to one inside source, “there are several moving parts in the unfolding drama.
There is the matter of an unresolved issue flagged by the regulator years ago and how this has not been fully resolved to the satisfaction of the apex bank and there is also the issue of mismanagement of relationships and added to this is the question of ego.”

One source said following the questions raised by the central bank, the initial target had been the entire board of the bank itself and there is a suggestion the apex bank dialled back once it realised that the current board of the bank was appointed by the CBN itself.

Recall that FBN Holdings Plc also cancelled its Extraordinary General Meeting (EGM) scheduled for April 30th, 2024 to get shareholders’ approval on the raising of N300 billion capital.
Before this sudden resignation there had been expectation that Adeduntan would take up the position of managing director at the HoldCo level but it is unclear if this plan was abandoned because the regulator withheld its approval of the request from the bank. There is what is called a two-year “cooling off period” imposed by the regulator between directorship tenures in banks in Nigeria and this may have counted against the plot for Adeduntan to move up.

On April 28, 2021 former directors at a board meeting of the bank had voted for Adeduntan to be retired as his second term was to expire but he regained his position after the board was sacked by CBN Governor Emefiele.

It is unclear why the bank CEO is leaving now but First Bank has had a policy by which Managing Directors of the bank were allowed only two terms of three years each. Adeduntan would have been the first CEO to last three full terms on the job.

“As you are aware, my contract would be expiring on 31 December 2024 after which I would no longer be eligible for employment within the Bank having served as the Managing Director/Chief Executive Officer of FirstBank for a record time of nine years,” Adeduntan said in his letter resigning.

According to the letter, “during this period the Bank and its subsidiaries have undergone significant changes and broken new grounds. We have repositioned the institution as an enviable financial giant in Africa. “I have however decided to proceed on retirement with effect from 20 April 2024 to pursue other interests.”

Furthermore, he expressed gratitude towards the board of directors of First Bank and FBN Holdings for the support he received from them during his tenure.

Adeduntan was appointed as CEO of First Bank in 2016. Prior to his appointment, he served as the bank’s executive director and chief financial officer (CFO). Before joining First Bank in July 2014, he was a director and the pioneer CFO/business manager of Africa Finance Corporation (AFC). Adeduntan formerly worked as a senior vice-president and CFO at Citibank Nigeria Limited, as a senior manager in the financial services group of KPMG Professional Services, and as a manager at Arthur Andersen Nigeria.

* The Leadership Newspaper

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CBN Director: How I Collected $600,000 Bribe For Emefiele

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A former Director of Information Technology of the Central Bank of Nigeria (CBN), Mr. John Ayoh, has explained how he collected $600,000 allegedly for contract gratification for the embattled ex-apex bank governor, Mr. Godwin Emefiele.

Ayoh, while being led in evidence by the Economic and Financial Crimes Commission (EFCC) counsel, Mr. Rotimi Oyedepo (SAN), on Monday, April 29, told an Ikeja Special Offences Court that he spent eight years in the apex bank.

He told the court that he received a letter from the agency concerning two transactions which he facilitated through Emefiele.

Ayoh, Head of Procurement and Support Services (PSS) Department, told the court that the first envelope containing $400,000 was brought to his house in Lekki while he received the second envelope containing $200,000 at the Tinubu Head Office of the CBN.

Ayoh said he was vested with powers to receive applications for award of contracts to select successful bidders.

According to him, the first leg of the transaction was at his residence in Lekki Phase One while the second envelope money he received occurred at the Tinubu Head Office of the CBN.

He said: “The man to deliver the second transaction came to our office in Lagos and I informed the governor but he said he did not want to see a third party that I should bring the envelope myself.

“I complied with the instruction and went to his office and delivered it. Mr John Adeola was the one I sent my address to and he came to my house. He is the governor’s assistant and the total money I received on his behalf was $400,000 and $200,000, respectively.”

The witness informed the court that the vendors who allegedly brought the envelopes with money were in charge of the implementation of Netapp Storage Architectural and Infrastructural Services.

While under cross-examination by the first defence counsel, Mr. Olalekan Ojo (SAN), he told the court that his schedule of duties did not include running errands for Emefiele but he directly worked under him.

Ayoh confirmed to the court that Emefiele was not a member of the PSS but a member of the Major Contract Tender Committee (MCTC).

He added that he had never facilitated in the commission of any crime.

Ojo asked if the witness wrote in his statement that he was forced to aid or abet the commission of accepting gratification.

The witness said: “I do not remember the exact word that I used and I did not write in my statement that I opened the two envelopes on the two occasions to check the total sum of money.

“I wrote a statement and it implied that the money in the envelopes was given to me to influence the award of contract. I did not take part in the decision of the MCTC but I recommended that the award be given and I was not bribed.

“I was invited by the EFCC on February 17, I was not arrested but I returned home on administrative bail.”

The witness told the court that he operated under duress, while he received the two envelopes from the contractors.

“On your honour, did you indicate in your statement that you were acting under duress while running errands for the first defendant,” the learned silk asked.

The prosecution, however, objected to the question and argued that the statement of the witness was not before the court.

The first defence counsel sought that the statement of the defendant be admitted into evidence.

Justice Rahman Oshodi, thereafter, admitted the statement of the witness (three pages) into evidence, following arguments and counter arguments of the counsel.

The Senior Advocate reteirated that the witness showed to the court where it was written in his statement that he acted under duress.

The witness told the court that the instructions from Emefiele indicated that he bent rules.

The judge, thereafter, adjourned the case until May 3 for continuation of cross-examination.

Emefiele’s counsel also pleaded with the court to release the defendant to him on self-recognition because he had not met with his bail application.

The learned silk, however, prayed the court that the defendant would meet up before May 17.

There was no objections from the second defence counsel and the prosecution left the decision at the discretion of the court.

 

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