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Polaris Bank names new acting CEO

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Polaris Bank Limited has appointed Innocent C. Ike as its acting managing director/chief executive officer.

Ike’s appointment was announced by the bank’s board in a statement on Saturday.

He will succeed Tokunbo Abiru, who recently retired from the bank after he was nominated by the All Progressives Congress (APC) in Lagos state as a replacement for Bayo Osinowo, the deceased senator who represented Lagos East senatorial district.

Abiru, whose retirement takes effect on August 31, was appointed to head the bridge bank which took over the assets and liabilities of the now-defunct Skye Bank.

According to the statement, Ike’s tenure as acting managing director of the bank will be effective September 1, 2020.

Read full statement below:

The Board of Polaris Bank Limited is pleased to announce that the Managing Director/CEO of Polaris Bank Limited, Mr. Tokunbo Abiru, will be proceeding on his retirement, having successfully completed his two terms of two years each, first as Group Managing Director/CEO, Skye Bank Plc and Managing Director/CEO Polaris Bank Limited. This takes effect from 31 August 2020. We all wish him the best in his future endeavours.

In line with a culture of good corporate governance and succession planning, the Board of Polaris Bank Limited and Asset Management Corporation of Nigeria (AMCON), the Bank’s shareholder, have announced the appointment of Mr. Innocent C. Ike as the Acting Managing Director/CEO of Polaris Bank Limited effective 1 September 2020.

The incoming Acting Managing Director/CEO was until now the Executive Director, Technology & Services while also overseeing the South-South/South East Directorate of the Bank.

Accordingly, not only has he been a pivotal part of the Bank since July 2016, but a major driver of the Corporate Transformation journey. This gives an assurance of continuity: a definite continuation of the strategic plans and initiatives that brought the Bank the successes it has recorded till date.

Mr. Innocent Ike has garnered over three decades’ professional experience in the Banking Industry. He is a graduate of Accounting from the University of Lagos, a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), a Certified IFRS Expert and an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria (CIBN). He holds an Executive Certificate in Strategy & Innovation from MIT Sloan School of Management; Boston and he is also a Member of Institute of Directors (IOD).

With this change of baton, the Bank is set to continue to deliver on the sterling performance reflected in the full year 2019 results in which the Bank posted Profit After Tax (PAT) of N27billion. To buttress the fact that this is sustainable, the Bank’s first half 2020 result showed a PAT of over N18billion, despite the tremendous headwinds brought on by the COVID-19 pandemic.

The Board of Directors of the Bank is confident that Polaris Bank will benefit immensely from Mr. Ike’s skills and wealth of experience. With his hard work and diligence, the Bank is bound to continue to thrive under his leadership.

Polaris Bank is a future-determining Bank committed to the delivery of industry-defining products, and services, across all sectors of the Nigerian economy.

Babatunde Osibodu
Company Secretary

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Global Day Of Prayer With Rev Chris Oyakhilome Starts This Friday (See Posters & Dates)

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As you get ready for overflowing joy this Friday 25th September 2020, you will receive answers to your prayers. #globaldayofprayer #gdop #pastorchris.

Report by online media platform, TRIXX NG stated that the Believers Loveworld Incorporated also known as Christ Embassy will begin its international day of intercession 2020 Friday 25th by 6pm to Saturday 26th September 2020.

Being a Man sent from God and a unique minister of the gospel of Jesus Christ, Rev Chris Oyakhilome’s Spirit-filled and anointed leadership will continue to propel a dynamic, multifaceted and global ministry at this year’s programme.

You can join in

https://prayer.rhapsodyofrealities.org/ And on all their social media handles. You will surely share your testimonies with joy overflow.

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NIS releases entry procedures as international flights resume Saturday, Sept 5

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The Comptroller General, Nigeria Immigration Service, Mr. Muhammad Babandede says the NIS has implemented procedures for international flights resumption and visa payment.
Babandede said this during a virtual meeting with stakeholders to address travel concerns and automation of Travel Work Permit on Wednesday in Abuja.

In a statement issued by the NIS Public Relations Officer, Mr. Sunday James, Babandede said the procedures were in line with Federal Government’s approval for the commencement of international flight operations from September 5.

Babandede said Murtala Mohammed International Airport, Lagos; and Nnamdi Azikiwe International Airport, Abuja, were earlier approved by the Minister of Interior, Rauf Aregbesola, for the implementation.

This, he said, was vide letter Ref. No. MI/PM/16012/S.366/Vol.ll/ dated 6th April, 2020 on waiver for visa payment due to COVID-19, closure of land borders and suspension of international flights.

According to him, the NIS, in exercising its statutory mandate, wishes to implement as follows.

“All migrants in Nigeria whose permits expired from 23rd March to 5th September, 2020 have extension.

“All migrants with evidence of confirmed return tickets scheduled to travel out of the country were to be issued free extensions to enable them depart on or before 15th September, 2020.

“All migrants whose permit or visitor’s pass expired before 23rd March, 2020 will pay overstay penalty for the number of days stayed before the lockdown on 23rd March, 2020.

“All resident migrants whose permits expired outside the country from 23rd March, 2020 shall be allowed entry into Nigeria with the expired permits on or before 25th September, 2020.

“Such returning holders of expired permits and their dependents are to renew the permits within 30 days of arrival to Nigeria to avoid sanctions under relevant Immigration laws.

“All migrants who processed payments for visa-on-arrival and other categories of visas from the Nigerian Missions before 23rd March 2020, are to apply for re-validation.

“This should be done by uploading copy of the previous payments via cis-evisa@immigration.gov.ng not later than 15th September, 2020.

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Heritage Bank to stimulate economic growth with youth empowerment schemes

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As part of its further response to deal with the global economic challenge occasioned by COVID-19, Heritage Bank Plc has reiterated commitment to deepen its support to young entrepreneurs in Nigeria to grow their businesses either as start-ups or prospective business owners. This, the bank said, is in line with its culture as timeless wealth partners, which would impact positively on the nation’s socio-economic development.

The MD/CEO of the bank, Ifie Sekibo stated that Heritage Bank was mindful of the devastating impact of the pandemic to the nation’s economic system, hence as an institution at the forefront of investing in human capital development for critical economy recovery, “we will up our game to empower Nigerian youths who are one of the bedrock of any vibrant economy,” he added.

He disclosed that one of the channels churned out in partnering the youths to leverage their talents and contribute their quota to the growth of the economy, was the use of financial inclusion strategy which would be adopted to boost entrepreneurship development, as this is critical to Heritage Bank’s mission to create, preserve and transfer wealth across generations.

He further explained that Heritage Bank’s various entrepreneur schemes in the support for business had always focused on dependable job-creating sectors, such as agricultural value chain (fish farming, poultry, snail farming), cottage industry, mining and solid minerals, creative industry (tourism, arts and crafts), and Information and Communications Technology (ICT).

Sekibo restated that the aim of Heritage Bank being at the forefront of youth empowerment is to emancipate the latent entrepreneurial spirit in the teeming youths to unleash their support to the growth of the economy.

His words: “At Heritage, nothing else is more fulfilling than to groom-to-empower young aspiring start-up entrepreneurs, as we mentor them to grow and become large corporates enlisted on the Nigerian Stock Exchange.

“In recent times, we have worked with private and public sectors- The Next Titans, HB Lab, Creative Nigerian Summit, National Festival of Arts and Culture (NAFEST), NYSC and the Central Bank of Nigeria to support youths and young entrepreneurs to grow their businesses as a start-up or prospective business owners.

He also reiterated that the bank had continued to make efforts to lead the recovery of the Nigerian economy through championing several empowerment schemes such as the Prime Women Builders Foundation of Nigeria, Youth Innovative Entrepreneurship Development Programme (YIEDP), Centre for Values in Leadership (CVL) on Young Entrepreneurship Business Training Programme (YEBTP), Young Entrepreneurs and Students (YES) Grant and Nigerian Young Professional Forum (NYPF), amongst others.

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