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I will never forget my friend Jenifer. I have told you this story before. Situation demands that i say it again. I remember the first day when she walked into my room drunk. That was in 2012. She sat down. ‘I’ve come’ she said, ‘to tell you the latest news about Rochas Okorocha ,your Governor in Douglas House, Owerri. He is sacking more workers. After the 10,000 workers, he has sacked another 30,000 workers ’

Everybody knows Jenifer in the neighbourhood. She was among the 10,000 Imo State Civil Servants popularly known as Ohakim 10,000 jobs that Governor Rochas Okorocha sacked on the 6th of June 2011. Today, she hates Rochas with a passion for making her and her sister unemployed. She took up the vodka drinking habit when she lost her job. She has dark skin, tiny boobs, long shiny dark hair, and brown eyes. She looks very athletic. Her cloth hugs her body; the lightest of cotton.

When Jenifer told me that day of another mass sack in Imo State, it shocked me. I quickly made phone calls and discovered that the news was true. Jenifer pulled her hair up and piled it on top of her head. She let her eyes look at my eyes, and then she dropped her hair and let it fall down in front of her face. When I saw Jenifer in that mood, I felt her pains of unemployment and the sadness was so great. Today Jenifer is still drinking. She and her sister are still unemployed.

On that first day that she entered my room, i stood up , touched her wrists and hands. I felt sorry for her. Okorocha overlooked the fact that the average Nigerian worker has four dependents – at least two living with him and he removed food from the table of the masses that voted him into power. Jenifer walked away from the mirror and said something that is true today. ‘’This is not what we bargained. All the things we were told during the election, all the love we chased, all the good campaign promises, what happened to them?’ ‘We now have an Imo state of unemployed youths; Imo state were minimum wages are denied workers, Imo state were workers are owed salaries, Imo state were the people are being denied employment in spite of their potentials; Imo state of escalating executive lawlessness, Imo state were LGA funds are looted, Imo state of disregard for constitutional rights. Government in Imo today is Owelle only . Those in government today are suffocating. The teachers are suffering. The civil servants are suffering. Business men are suffering. Even the traders are suffering. What we have now in Imo State is the more you look the less you see’ she said

Just like Jenifer pointed out, politically, economically and socially, the government of Owelle Rochas Okorocha has shown inability to move Imo State forward. With Imo’s huge resources and financial allocations from FG the present state of socio-economic and political paralysis and unimaginable underdevelopment and mass misery of the vast majority of Imolites in all the LGA’s and sectors, provide an irrefutable proof of failure of the rule of Governor Okorocha.

For example, pension in Imo which previously is automatic for any worker that has worked for a certain period is now a cash pot for some capitalist thieving elements to embezzle and become financially bloated while thousands of Imo citizens entitled to pensions in Imo live or die in penury due to a backlog of unpaid pensions under one spurious excuse or another. The governor recently said he is going to pay pensioners but na so we dey always hear. Retired workers of Imo Broadcasting Corporation are still crying. Retired primary school teachers are crying. Staff of General Hospitals and Imo Transport Company are crying. I can go on and on to mention them.

Youths like Jenifer today, are completely without jobs. Governor Okorocha sacked 10,000 Imo graduates in the civil service and another 30,000 workers in our LGA’s . Why,why, why? Today he claims to have employed 15,000 teachers and 25,000 public servants when it is all scam. The great improvement, which the Imo working masses had previously got in the last administration vis-à-vis their working conditions have been drastically rendered ineffectual under the current and vicious neo-liberal, capitalist, anti-poor policies and practices of Okorocha.

He is not interested in genuine effort at developing public infrastructures or the economy through which millions of jobs can be provided. To him, economic growth is defined by the amount of billions that he can amass so as to compete with elements within his class. For me, Imo with its allocation and mostly untapped wealth, can guarantee decent and secure jobs for Imolites without tears. I cry for the members of the House of Assembly Service Commission that Okorocha sacked. I cry for the members of the Civil Service Commission that he sacked. I cry for the members of the Local Government Service Commission, Local Government Development Areas, Judicial Service Commission and Imo State Council of Traditional Rulers that he sacked. These are statutory commissions with fixed tenures that he illegally dissolved before the expiration of their tenure of office. I also cry for the 10,000 workers, people like Jenifer.

Okorocha’s government has also earned its name in the corruption hall of fame. His government’s corruption is gargantuan. Aside superintending over massive looting, the Okorocha’s government has openly and unashamedly associated with every tom, dick and harry in the corruption business. Financial scam is now everywhere in Imo State. What happened to the N13.3 Billion Bond Proceeds out of the N18.5 taken by the Imo State Government during Ohakim’s regime? What happened to the N3 Billion SUBEB project account? What is happening to our Sure-P funds? What happened to the N2.5 Billion Local Government Joint Project Account? What happened to the N3.6 Billion left in JAAC Account by the previous administration? What about the N488 Million in VAT account? Who squandered the N132 Billion Local Government Allocations for 27 Local Government Areas in Imo State from May 2011 to December 2013? Who squandered the N16billion ISOPADEC funds? Who squandered N670 Million Imo children funds? Who squandered the flood assistance funds of Imo State?

Where is the money stolen in Connivance with Jpros Company Limited from the Construction of Warehouse-Orlu-Road Junction? Governor Okorocha’s administration paid JPROS a total of N1.35 Billion Naira for the above road. Where is the N458 Million Naira laundered to Dubai and Lebanon with the connivance of the Governor’s former Special Adviser on Project Monitoring and strong political associate Prince Macdonald Akano and Mr. Joseph Dina of JPROS International Limited? I can go on and on.

Today he claims to be paying monthly stipend to pupils and students in all the public schools in Imo State when the payment is occasional. He claims to have spent millions of naira procuring free school uniforms, bags, sandals, desks, books etc for pupils and students in all the public schools in Imo State but provided only few uniforms and canvass to few wards. What about the sale of ADAPALM to Roche Group(his company), the sale of Imo Transport Company (I.T.C.), Concorde Hotel, Children’s Park (opposite Concorde Hotel Owerri), state General Hospitals etc for many years.What about the Sale of Imo Road Maintenance Agency (IROMA) graders, bulldozers, pay-loaders etc to himself . What about the alleged auction of world-class Printing and Sword Machines worth over 200 million naira belonging to Imo Newspapers to his private printing press in Lagos. What about the borrowing of many Billions of Naira from banks and denying that no money was borrowed?

My brothers we must get Imo out of this one chance vehicle. The people of Imo must first and foremost remove from power this ruling capitalist thieving elite and in his place institute a workers and poor people’s friendly government whose central strategy would be based on the mobilization of Imo’s human and natural resources to meet the needs of full economic development and decent living for all Imolites and not just for a few thieving capitalist elements. We need someone to proffer genuine anti-capitalist, pro-masses economic and political alternatives to the ruinous policies of the present capitalist thieving cabal in Imo State.

Who is the popular candidate with grass root support that will help us out among the lot? I will desire that all aspirant will engage all Imolite as Ohakim is doing. It is better we pick Ohakim from this point, give him all our expectations of responsible future leadership in Imo State.Let us give him an audience and hear him. He has realised that power really belongs to the people and is ready to lead the people with uncommon service. Imo must learn forgiveness from Ekiti so that the fresh air in Ekiti can get to the virulent section of the South East. Yes we needs someone that is more popular at the grass root than the lot and only a popular and experienced candidate can defeat a sitting governor. Let’s take the step to support Ohakim. As I said before it is better to bring out the diamond in Ohakim. Imo state need strong leadership-Men and Women who are simple,wise,humble, creative and above all courageous. Let’s Bring Back Ikedi Ohakim to give our youths jobs and to make Imo better.

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News and Report

CAC Places First Bank Records On Caveat Over Litigation




The Corporate Affairs Commission, CAC, has placed the records of First Bank of Nigeria (FBN) Holdings on caveat pending the resolution of the crisis rocking…

The Corporate Affairs Commission, CAC, has placed the records of First Bank of Nigeria (FBN) Holdings on caveat pending the resolution of the crisis rocking the board of the bank as a result of multiple court cases filed by aggrieved directors.

The crisis rocking the bank stemmed from protests by shareholders who were kicking against the bank’s internal governance and shareholding structure, as a result of which some of them have taken their grievances to the court.

One of such is the case of Olusegun Samuel Onagoruwa v. FBN Holdings Plc in Suit No. FHC/L/CP/1271/2022), which is challenging the capacity of the Board of Directors of FBN to appoint new persons to fill vacant slots.

Onagoruwa in his suit is seeking “an order setting aside, nullifying, annulling and/or quashing the appointments and approvals of Mr. Olusola Adeeyo, Mr. Viswanathan Shankar, Mrs. Remilekun Adetola, Mr. Anil Dua and Mrs. Fatima Ibrahim as Non-Executive Directors of First Bank of Nigeria Limited made on the 20th day of March, 2024, by FBN Holdings PLC during the pendency of this action and in defiance of the subsisting order of this Honourable Court made on the 15th day of July, 2022.”

The motion also seeks an order restraining the above-named non-executive directors from acting or taking any steps as non-executive directors of the bank.

The current court case follows similar four other cases pending at the Federal High Court in Lagos and Abuja challenging the internal governance of FBN Limited, in addition to existing court injunctions restraining the bank from holding the last two Annual General Meetings which the bank went ahead to hold.

In a new twist to the crisis, the Corporate Affairs Commission in a letter entitled.

“Re: notification of pendency of suit no. fhc/l/cp/1575/23 against FBN holdings plc, and subsisting interim orders of the Federal High Court made on the 9th day of August 2023 restraining FBN holdings plc from holding or proceeding with its annual general meeting purportedly held on the 13th day of August 2023”, weighed in on litigations threatening to tear the old generation bank apart.

Signed on behalf of the Registrar General of CAC by Chidimma Maureen Nwite, the Commission in a letter to lawyers to some of the parties in court against FBN Holdings said: “This is to inform you that the record of FBN Holdings PLC RC: 916455 has been placed on caveat pending the determination of Suit No. FHC/L/CS/1575/2023.”

A shareholder, Mr. Olalekan Babalola, said “it is imperative for the authorities to find a solution to this lingering crisis as Nigeria cannot afford another major bank’s collapse at this critical time

He called for urgent resolution of all court cases in the overall interest of depositors, shareholders and other stakeholders of the bank before further damage is done to the oldest Nigerian bank.


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Shalina Recognizes Major Distributors as the Main Force behind its Business Growth – Arun Raj, Chief Commercial Officer





A leading Afro-focus multinational company, Shalina Healthcare, has said it recognizes its major distributors as one of the driving forces behind its success stories in the last one year in the face of the economic realities. This was in Lagos on Thursday at the meeting of the company with its business partners and major distributors across the country to mark the end of the financial year of the company with the main theme: “Driving Growth through Strong Business Partnerships.”


In his welcome speech as well as his corporate presentation, Arun Raj, the Chief Commercial Officer, Shalina Healthcare West Africa said through the efforts of the business partners ” Shalina is one of the fastest growing pharmaceutical companies in Africa. Though the last one year had shown to be one of the most difficult for business in recent times, but were able to weather the storm through the support and resilience of our major distributors. The last one year had shown to be a very difficult time, especially for the industry, with a leading brand of about sixty years in Nigeria leaving the country, but we are assuring everyone that, despite all economic issues, Shalina continues to believe in Nigeria. We are committed to providing available and affordable quality health products. It will interest many people that in the last financial year, the company had a 19% volume growth. Though it may be below our expectations, considering the economic realities of the last one year, it is a good development.”

In the same vein, the Managing Director, Shalina Healthcare, Nigeria, Mrs. Opeyemi Akinyele, said “the purpose of the event is to refresh, appraise and evaluate the last financial year for us to forge ahead and make more impacts. The last one year has been the survival of the fittest in the business world , but here we are today with successful stories.”


In his own remarks, the Corporate Marketing Head of the company, Folorunso Alaran while


Appreciating the business partners who are the major distributors across the country said “the success stories of the company can’t be completed without the distributors.”


Meanwhile, in their various responses and feedback, some of the business partners commended the company for the job well-done in the outgone financial year and also made recommendations and suggestions for the company to grow bigger and higher in the upcoming new financial year. In their responses, Alhaji Rasheed Adetoro of The Will of God Multipurpose Ventures, Shaki, Oyo State and Tochukwu Agu of Atidam Pharmaceutical Limited, Lagos among other business partners were unanimous in congratulating the company for a successful financial year saying ” the reward for a good job is more good jobs.”


One of the high points of the event was the presentation of the “Distributor Excellence Award” to its outstanding business partners.


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UBA Introduces First of its Kind Scan To Resolve Complaint Portal




Africa’s Global Bank, United Bank for Africa (UBA) Plc, has unveiled a Quick Response solution code, called the ‘Scan to Resolve Complaint’ Portal with code  aimed at enhancing satisfaction and swiftly addressing customers’ disputes.

The first of its kind innovative platform marks another significant step by the bank to revolutionise customer service and streamline complaint resolution processes.

The ‘Scan to Resolve complaint’ portal is a QR-code-based,-portal conceptualised by the bank to proffer timely solution to customers’-challenges, without them having to visit the bank or branch.

With the portal, a variety of concerns including challenges around failed transactions will be quickly resolved from the comfort of their homes and business places.

UBA’s Head, Digital Banking, Olukayode Olubiyi, who spoke on the workings and benefits of the ‘Scan and Resolve Complaint’ portal explained that with the platform, difficulties with transactions on web, Point of sale machines (PoS) and Automated Teller Machines will immediately get responses and be treated within 72 hours.

“Our customers are at the heart of our business, that’s why we keep going the extra mile to constantly innovate in a bid to satisfy them. As the name implies, Scan and Resolve Complaint, is a solution driven portal which attends to complaints and issues of customers fast and promptly,” he explained.

He also disclosed that the portal is loaded with many benefits including ease of transactions, adding that “henceforth, customers are only required to scan and log in complaints while each complaint would be integrated into the portal register to make resolution seamless which also reduces customer hassles.”

According to Olubiyi, when these complaints are made, there will be an Instant verification process and notifications will be sent to customers while resolution will commence immediately with the overall aim to satisfy customer.

UBA’s Group Head, Customer Experience, Michelle Nwoga said the bank is always on the look-out to provide exceptional services to customers, and has over time developed various strategies to ensure that its service delivery is continuously upgraded to remain the bank of choice.

“UBA aims to provide the best value possible for its customers through a more interactive, user-friendly interface that will make countless opportunities available for the customers from the comfort of their homes,” she stated.

United Bank for Africa is one of the largest employers in the financial sector on the African continent, with 25,000 employees group wide and serving over 35 million customers globally.  Operating in 20 African countries and in the United Kingdom, the United States of America, France and the United Arab Emirates, UBA provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting edge technology

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