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Waripamowei Dudafa and his band of detractors

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I have read with great sense of awe and pity for the promoters of recent propagandas against Dr. Waripamowei Dudafa a onetime Special Assistant to Ex-President Goodluck Ebele Jonathan. These media attacks against Dr. Dudafa has been promoted and piloted by no other person or persons than the incumbent governor of Bayelsa state and his media goons.

Before I go on, it is imperative that I quote the Bayelsa state governor on the said Dr. Dudafa who they have found worthy of maligning. This statement was made on the day of the occasion of conferment of Doctor of Phillosophy Degree on the former Commissioner for Chieftaincy and local government affairs in Bayelsa state. Hear the governor-“Dr. Dudafa in his relatively young life has served Bayelsa State with distinction and consummate industry in every capacity in which his worthy endowments had been required at both the legislative and executive arms of governance… it is important that he is not losing sight of self-improvement, despite his commitment to serve Bayelsa State and Nigeria”

After reading and rereading this statement by the governor, I was forced to posit that politics is really a funny game which is hinged on opportunism if not how can one explain the fact that the same man who made the above comment can suddenly discover that the man whom he was praise singing has suddenly lost all the attributes that was ascribed to him.

The truth is that Dr. Waripamowei Dudafa has not lost the said attributes rather it is the media goons of the state governor that have lost touch with rationality and reality on ground. Dudafa still represents the positive side of Bayelsa state and sill command high regard and respect in the state especially amongst his followers. His love for the progress of the state and commitment to the people has not been an issue for question. It is rather unfortunate that politics can make a rational mind lose his or her sense of rationality but we cannot belittle ourselves always all in the name of politics.

The Bayelsa gubernatorial election is by the corner and all political jobbers have been mobilized by all the stakeholders in the political firmament of the state but it is imperative that we understand that decorum in politics is a virtue that must be kept. Dr. Waripamowei Dudafa has as a matter of decency kept his cool despite all the attacks but such should not be taken as weakness. He has made his position clear as a responsible citizen of the state by distancing himself from the governor’s reelection bid. This he did base on principle and no matter the psychological pressure on him by equating his principled stance with disloyalty for his former boss whom he has the utmost regard for will hold water.

The developmental needs of Bayelsa are huge and enormous. Instead of looking at how to tackle these pressing needs in the state, the state government has been on a wild goose chase against perceived political enemies. This chase has in all sphere belittled his administration in the eyes of the public.

That the former President and his amiable wife are supporting his reelection bid is understandable especially from party perspective but from another perspective especially from a private citizen like Dr. Dudafa, his position on the governor should be respected also. His principled stance cannot be wished away especially considering the level of acrimony against him by the underperforming governor.

As I round up this piece I must stress once again that Dr. Dudafa remains a respected man in the state and in the country at large. His contributions to the state and the country cannot be wished away by mere propaganda. It will take more than the propagandas of the renowned Josef Goebbles and other notable propagandists in this world to achieve such.

As Special Assistant to the former President, the experience he brought to bear in the running of the office was nothing short of efficiency and effectiveness encapsulated in sagacious management of the affairs of his office. This is evidenced in the words of President Jonathan on the said day he was conferred with the Doctorate degree by the University of Port Harcourt.

Hear him “It is my hope that your acquisition of a doctoral degree will not only inspire you to loftier aspirations but also further enhance your capacity to continue to render worthy service to our dear nation, especially at this point when the country is in dire need of the re-commitment of men and women of good will to our national transformation efforts.”

With the word of a great leader like this on Dr. Dudafa, I wonder what his detractors will say to counter this position.

 

 

By Messiah Nwokoma

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News and Report

Wema Bank Emerges Best Performing Bank in Half year 2022

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Nigeria’s most innovative bank, Wema Bank Plc, has emerged the best performing bank in the first half of year 2022 financial year with a weighted average score of of 2.83 points, beating 12 other bank’s.

 

According to a special report on the Nigerian banking performance in the first half of 2022 prepared by Nairametrics, Wema Bank ranked first in one category, second in three categories and third in one category. Stanbic IBTC and First Bank came second and third respectively..

 

The key metrics considered in the report are total asset growth, loan book growth, profit growth, cost-to-income ratio movement, and return on average equity.

 

The 13’reviewed banks which are listed on the Nigerian Exchange posted a net profit of N1 trillion in 2021 from N887.1 billion recorded in 2020.

 

The 13 reviewed banks are Wema Bank, First Bank of Nigeria, FCMB, GTB, Jaiz Bank, Access Bank, and Stanbic/IBTC. Others are UBA, Sterling Bank, Unity Bank, Union Bank, Zenith Bank, and Fidelity Bank.

 

During the first six months of 2022, the thirteen banks posted an aggregate of N501.1 billion as profit after tax, representing an increase of 13.1% compared to N443.17 billion recorded in the corresponding period of 2021

 

The banks grew their bottom line despite headwinds ravaging the global economy as the energy crisis triggered a significant surge in the operational costs of businesses operating in the country, while some banks were forced to ration their operating hours in a bid to manage the rise in the cost of operation.

 

Wema Bank came first in the category of

Leading bank’s by customer deposits growth . The bank recorded ±30.2 percent customer deposit growth during the review period, followed by Fidelity Bank and Access Bank with +13.1 percent and +12.8 percent respectively.

 

Wema Bank came second in three other categories – total assets growth rate (+13%), loan book growth rate (+19.9%) and profit after tax growth rate {+47.8%}.

 

Stanbic IBTC , the second place winner, ranked first in total asset growth rate and leading bank’s by cost to income ratio growth rate

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Again! FCMB Lands IN Serious Trouble Over False Claim…… As Court Orders Bank To Pay N540m Damages.

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First City Monument Bank (FCMB) is in hot soup as the Federal Capital Territory (FCT) High Court has ordered the bank to pay N540.5 million in damages to Pastor Emmanuel Omale of the Divine Hand of God Prophetic Ministry and his wife, Deborah over false claim that they laundered N573 million for former chairman of the EFCC, Ibrahim Magu.

Delivering judgement in the suit, Yusuf Halilu, the judge, held that the bank breached its “duty of care to the claimants,” the Omales and their church.

The judgment was on the suit marked: FCT/HC/CV2541/2020 filed by Mr. Omale, his wife and the church.

The judge held that the evidence before the court showed that the bank admitted error in its report to the NFIU of entries in the account of Divine Hand of God Prophetic Ministry which was accused of laundering money on Mr. Magu’s behalf.

Mr. Halilu also said the bank claimed that the purported N573 million was wrongly reflected as credit entry in Divine Hand of God Prophetic Ministry’s account by its reporting system, which it recently upgraded.

The judge held that FCMB admitted the error, which brought incalculable damage to the reputation of the claimants both within and outside the Nigeria – depleting their church’s membership.

Mr. Halilu said the claimants provided sufficient evidence to establish case of negligence against FCMB.

Consequently, the judge awarded N200 million as aggravated damages; N140.5 million as specific damages and N200 million as general damages.

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More Troubles For Dangote Cement As Kogi Govt Demands 10 Per Cent Share, Orders Immediate Seal Off

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However, Dangote Cement is facing allegations of sharp practice from Kogi State government, Kogi Assembly as well as Akwa Ibom State.Already, the Kogi State House of Assembly has ordered stoppage to the activities of the company in two Local Governments in the State while investigations continue.

To make the claim possible, Kogi State House of Assembly ordered the management of Dangote Cement company to provide all necessary documents that have to do with the transfer of Obajana Cement Company owned by Kogi state government to Dangote Cement Company.

The House also directed that the documents signed at the establishment of the Company and relevant receipts of dues it claimed to have paid to Kogi State Government available at the next adjourned sitting date.

The speaker of Kogi State House of Assembly, Matthew Kolawole, gave the order after interim reports of the ongoing investigative hearing on Internally Generated Revenue (IGR) which was submitted by the ad hoc committee led by Hon. Isah Tenimu Umar, Member Representing Lokoja I Constituency and deliberated upon at the plenary on Wednesday.

Kolawole said this has become important in view of the claims and counterclaims between the Chairman of Kogi State Internally Generated Revenue Service (KGIRS) and representatives of Dangote Cement as the acting chairman of KGIRS, Salisu Enehe had earlier accused Dangote Cement Plc Obajana of forging its tax receipt during the investigative hearing by the State House of Assembly.

According to the State Revenue Boss, most of the figures the company claimed to have paid are totally incorrect, urging the company to check its record.

He added that despite the billions of Naira that company is making from the state monthly, it has failed to pay taxes that are due to the state and Lokoja Local Government Area.

Nigerians Getting ₦1,593,247 Per Week From ₦99,000 Investment in Amazon
Nigerians Getting ₦1,593,247 Per Week From ₦99,000.

In another development, Following the unrestrained environmental degradation in Ankpa and Olamaboro local government areas, Kogi state House of Assembly on Wednesday, directed the Commissioner of Police and Commandant of the Nigeria Security and Civil Defence (NSCDC) to seal off operations of Dangote Plc in the affected areas of the State.

The House gave the order during a public hearing on activities of Dangote Group in the state, especially on the the massive exploitation , environmental degradation and non compensation to the affected owners of the land and without revenue accruing to the state government.

The Speaker, Kogi state House of Assembly, Mathew Kolawole, charged the NSCDC commandant to ensure immediate implementation pending when the ad hoc committee on revenue clarifies some grey areas. Kolawole, who lamented the environmental degradation caused by mining activities on Kogi by the Dangote group and its subsidiaries, accused the multi national business concern of making billions in the state but yet fails to give back to it.

Akwa Ibom is also finding it difficult to collect its entitlement from the Dangote Group. According to reports from the place, the Itu Local Government blocked Dangote premises with their trucks because the company has refused to pay tax for more than two years despite pleas and series of warnings.

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