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MEET Zenith Bank’s First Female GMD

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Zenith Bank Plc, on Tuesday, appointed Dr. Adaora Umeoji as its new Group Managing Director.

This appointment makes Umeoji the first female to be appointed as the GMD of the bank.

She will be taking over from the current GMD, Dr. Ebenezer Onyeagwu, after his time in office expires on May 31.

Her appointment is to take effect June 1, 2024, according to a statement signed by the Company Secretary, Michael Otu.

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In this piece, The PUNCH highlights 10 things to know about Umeoji:

Umeoji holds a Bachelor’s degree in Sociology from the University of Jos.

She also holds a Bachelor’s degree in Accounting and a first-class honour in Law from Baze University, Abuja.

She holds a Master of Law from the University of Salford, United Kingdom, as well as a Master in Business Administration from the University of Calabar.

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She attended the Advanced Management Programme at Harvard Business School.

Umeoji attended the strategic thinking and Management programme at Wharton Business School, USA.

She also attended the executive programme in Strategic Management and has a Certificate in Leading Global Business all from Harvard Business School, USA.

The new GMD holds a certificate in the Global Banking Programme from the Columbia Business School.

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The first female Zenith Bank GMD has a Doctorate in Business Administration from Apollos University, USA.

She holds a Certificate in Economics for Business from the prestigious MIT Sloan School of Management, USA.

She is a fellow of the Chartered Banker Institute, UK, Chartered Institute of Bankers of Nigeria, Institute of Chartered Mediators and Conciliators, the Institute of Chartered Secretaries and Administrators of Nigeria, Nigerian Institute of Management, Institute of Credit Administration and the Institute of Certified Public Accountants of Nigeria among others.

She is the founder of the Catholic Bankers Association of Nigeria.

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In 2022, Umeoji was honoured with the national honour of the Officer of the Order of the Niger, as a recognition of her contributions to nation-building by the Federal Government.

She is a Peace Advocate of the United Nations (UN-POLAC).
The CEO has 30 years of experience in the banking sector.

Before her appointment, Umeoji has been the Deputy Managing Director of the bank since October 28, 2016.

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PIGD Lauds Mutfwang’s Bold Push To Make Plateau Livestock Hub

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The Plateau Initiative for Growth and Development, PIGD, has commended Governor Caleb Manasseh Mutfwang for what it described as a visionary and economically strategic intervention in the livestock sector through the groundbreaking of a 500-cattle-per-day ultra-modern abattoir at Pwomol Village, Heipang, and a Veterinary Teaching Hospital in Barkin Ladi Local Government Area.
In a statement issued by its National Coordinator, Nengak David, the group said the projects mark a defining moment in the administration’s effort to reposition Plateau State from a producer of raw agricultural commodities to a major agro-industrial and livestock processing hub. PIGD said the intervention, supported by the Livestock Productivity and Resilience Support, L-PRES, Programme, speaks directly to the state’s comparative advantage in livestock, animal health services, meat processing, cold-chain development and export opportunities.

According to David, Governor Mutfwang has again demonstrated that governance is not about rhetoric but about building structures that can create jobs, expand revenue, improve food safety and open new economic frontiers for farmers, herders, butchers, transporters, processors, youths and investors across the livestock value chain.
“The groundbreaking of a 500-cattle-per-day ultra-modern abattoir and a Veterinary Teaching Hospital is not an ordinary project. It is a statement of intent. It shows that Governor Mutfwang understands that Plateau cannot continue to sit on huge agricultural and livestock potential without converting it into wealth, jobs and sustainable prosperity for the people,” the statement said.

PIGD noted that the ultra-modern abattoir, described as the largest facility of its kind in the region, would replace crude and unhygienic slaughter practices with a modern, automated and globally competitive meat processing system capable of strengthening public health, expanding market access and attracting private investment.

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The group also praised the governor’s vision for the Heipang Special Agro-Processing Zone, saying the initiative would stimulate feed production, cold-room services, meat packaging, leather processing, transportation, veterinary services and other related businesses.
David said the Veterinary Teaching Hospital would further deepen Plateau’s reputation as a centre of excellence in animal health, research and livestock development, while also supporting training, disease control and improved productivity in the sector.

“This is the kind of intervention that creates a real economy. It is the kind of development that touches communities, creates dignity for labour and gives young people a reason to believe that their future can be built at home,” PIGD said.

The group urged the host communities to continue supporting the contractors and government agencies handling the projects to ensure timely completion within the projected period.
PIGD also called on investors, development partners and livestock stakeholders to take advantage of the Mutfwang administration’s renewed focus on agro-processing, saying Plateau is now being positioned as one of Nigeria’s most promising destinations for livestock investment, meat processing and agricultural value addition.
It added that the governor’s intervention was another evidence of an administration quietly but steadily laying the foundation for long-term economic transformation across Plateau State.

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Ray of hope as Oborevwori moves to restore power in Isoko, Ndokwa communities

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Delta State Governor, Hon. Sheriff Oborevwori, has taken fresh steps to restore and improve electricity supply in parts of Isoko and Ndokwa land with the commencement of procurement processes for the rehabilitation and expansion of critical power infrastructure across the affected communities.

The move followed the issuance of an Invitation to Tender by the Delta State Ministry of Energy for the execution of key electricity projects aimed at addressing years of power challenges caused by inadequate infrastructure and vandalism.

According to the tender notice signed by the Secretary of the Ministerial Tenders Board, T.O. Bayoko, one of the major projects involves the construction of a 33KV Overhead High Voltage Line from Emevor through Otor-Owhe to Isoko Roundabout, as well as the rehabilitation of vandalized sections of the existing 33KV line between Iyede and Ellu in Isoko North Local Government Area.

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The project is expected to significantly improve power supply to communities across the Isoko axis and boost economic activities in the area.

In another intervention, the state government plans to rehabilitate and reconstruct the vandalized 33KV power line stretching from Abbi through Emu-Obodeti to the Kwale 7.5MVA Injection Station in Ndokwa West Local Government Area.

The project is designed to restore stable electricity to several communities that have suffered prolonged disruptions due to the destruction of critical power facilities.

The Ministry also announced plans to upgrade the existing 500KVA Independent Power Project (IPP) substation transformer at the Permanent Secretary’s Quarters in Asaba to a 1000KVA transformer, further strengthening electricity infrastructure within the state capital.

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The tender advertisement, issued through the Ministry’s Planning, Research and Statistics Department, invited suitably qualified companies to bid for the projects, underscoring the Oborevwori administration’s commitment to improving power infrastructure as part of its M.O.R.E. Agenda.

Industry observers say the projects, when completed, will not only restore electricity to affected communities but also stimulate economic growth, support small businesses, improve security and enhance the quality of life of residents.

Since assuming office, Governor Oborevwori has continued to prioritize infrastructure development across the state, with renewed attention being given to the power sector following the enactment of the Delta State Electricity Power Sector Law, which seeks to expand access to reliable and sustainable electricity for residents and businesses.

The latest electricity projects are expected to bring relief to thousands of households and businesses in Isoko and Ndokwa communities that have long yearned for improved power supply, while reinforcing the administration’s resolve to accelerate development across all parts of the state.

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FG Rubbishes Reports of New Telecoms, Fuel Taxes

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The Federal Government has rubbished reports suggesting that it has adopted or is considering new taxes on telecommunications services and petroleum products following the publication of the International Monetary Fund (IMF) Article IV Consultation Report on Nigeria.

The Government said the reports misrepresent the content of the IMF report and do not reflect its policy direction.

The IMF Article IV Consultation Report contains the Fund’s assessment of Nigeria’s economy as well as recommendations for consideration by the authorities. Those recommendations do not amount to government policy and are not binding on Nigeria. Decisions on tax matters are taken through established constitutional and legislative processes and are guided by national priorities and prevailing economic realities.

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The Government clarified that the Value Added Tax (VAT) waiver on petroleum products remains in place and has not been withdrawn. It also noted that although existing legislation provides for a fuel surcharge, such a measure can only take effect through a ministerial order and publication in the Official Gazette. No such process is under consideration.

The continued suspension of these charges has helped cushion the effect of global energy price fluctuations on households and businesses while keeping domestic fuel prices relatively stable.

The Government further clarified that the telecommunications excise duty introduced before 2023 has been repealed under the new tax laws and is therefore no longer applicable.

Against this backdrop, reports claiming that new taxes are being planned for telecommunications services or petroleum products are not factual and should be disregarded.

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The Federal Government remains focused on reforms that promote economic growth, improve revenue administration and create a more competitive environment for investment and job creation. The emphasis remains on expanding economic activity, plugging leakages and improving efficiency rather than placing additional tax burdens on citizens.

Any future tax measures will be announced through official channels and implemented in line with the law.

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