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Tinubu Appoints Two New Directors For Bank Of Industry

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President Bola Tinubu has approved the appointments of Rotimi Akinde and Ifeoma Uz’Okpala to the positions of Executive Director for Corporate Finance and Risk Management and Executive Director for the Large Enterprises Directorate, respectively, at the Bank of Industry (BOI).

The bank spokesperson, Theodora Amechi, announced in a statement made available to newsmen that these appointments are effective immediately.

Akinde brings over 20 years of experience in Investment and Corporate Banking, with a strong background in capital raising, including Debt, Equities, and Hybrids, as well as expertise in Corporate Finance, encompassing Mergers & Acquisitions, Privatization Advisory, and Project Finance.

Prior to his role at the Bank of Industry, he served as an Associate Partner in Project and Corporate Finance at Infrastructure Delivery International (IDI), where he contributed to the UKNIAF programme and advanced green finance initiatives and structured debt solutions for subnational entities.

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His previous experience includes serving as the Corporate Finance Advisor at the Nigeria Infrastructure Advisory Facility (NIAF), where he focused on financing initiatives, modeling, and funding structures for infrastructure projects.

Additionally, he held the position of Group Head and Assistant General Manager for multinationals within Corporate Banking at UBA Plc and was formerly the Vice President of Corporate Finance and advisory at UBA Global Markets, now known as United Capital.

Akinde began his career as an Assistant Manager at Leadbank Plc, working in the Investment and Corporate Banking divisions.

Uz’Okpala has been with BOI since September 2014, initially serving as the Group Head of Large Enterprises Credit and later as the Bank’s Chief Risk Officer before her recent appointment.

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In her capacity as the bank’s Chief Risk Officer, Uz’Okpala was instrumental in overseeing and alleviating risks linked to the bank’s operations while also offering support in Environmental, Social, and Governance (ESG) risk matters.

She provided essential ESG guidance during transactions and developed a strategic framework for attracting impact investments.

Uz’Okpala is an experienced professional in Credit and Risk Management, boasting a career that spans more than 30 years within the financial industry.

She began her professional journey at the International Merchant Bank and advanced through significant positions at MBC International, First Bank, Stanbic Bank, and UBA.

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Her diverse skill set encompasses Internal Audit, Corporate Finance, Credit Evaluation and Origination, Foreign Operations, and Risk Management.

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Flood: Northern Senators condoles with Borno govt

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By Kayode Sanni-Arewa

The Northern Senators Forum on Thursday condoled with Borno State Government over recent flood disaster.

This was contained in a statement signed by Sen Abdulaziz Musa Yar’Adua
Chairman Northern Senators Forum stating that:

“On behalf of the Northern Senators Forum, I extend our deepest condolences to the people and government of Borno State over the loss of lives and property resulting from the collapse of the Alau Dam.

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“Our thoughts are with the families of the victims and those displaced by this devastating flood.

“We appreciate the prompt visit by Vice President Kashim Shettima to assess the situation and provide leadership during this challenging time. His swift response demonstrates the government’s commitment to supporting affected communities.

“We also commend President Bola Ahmed Tinubu for approving 3 billion naira for each state to address flood and disaster relief efforts. This timely intervention will go a long way in alleviating the suffering of affected citizens.

“We urge all states to take responsibility and develop strategic plans to address climate change and prevent further environmental disasters. The Senate will continue to pursue legislation and policies that mitigate the effects of environmental disasters and promote sustainable development.

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“We stand in solidarity with the people of Borno State and assure them of our support during this difficult period.

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Kogi phone market, catches f!re property worth millions d*maged

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By Mario Deepromoter

Fire has gutted a market following a fire outbreak at a GSM village around Kpata market in Lokoja the Kogi State capital.

It was gathered that the fire outbreak started in the early hours of Thursday due to a power upsurge.

It was further learnt that shop owners could not salvage anything from the fire after it got out of control.

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One of the traders in the market, Muhammed Yahaya who lost his goods to the fire narrated the incident saying, “Somebody called me around 5:30 am today that the market is on fire. On getting there, many shops have already been burnt down. So we tried to look at the actual cause of the fire outbreak. From all indications so far, we were told by the people that stay within that the power voltage they brought was high.

“The neighbouring houses there said it affected their fans, light and other things. Actually, this might be the cause of the fire outbreak in the market. Millions of naira worth of goods have been destroyed. Laptops, phones and accessories got burnt. The most unfortunate thing is that most of these people just received their goods this week. It has never happened before. It is still a big shock to every one of us who owns shop in the market”.

He appealed to the Kogi State Government to intervene by assisting those who lost their goods financially and rebuilding the GSM village.

“We know we have a Governor that has a listening ear. He is a father to us. As you can see, we are Youths who are resourceful. Most of us are graduates, and we are not waiting for the Government to provide jobs for us. We created the jobs on our own.

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“The properties that we have been nurturing for over 15 years got burnt within an hour. We want the government to look into it by assisting us financially and rebuilding the market. In this market, we have about 200 Youths who are engaged in this kind of business. People were hungry before this happened” he added.

Also Speaking to newsmen, the Financial Secretary, Kogi Association of Phones and Accessories Dealers, (KAPAD) Moses Felix said the incident has affected him physically, mentally and emotionally.

According to him, I was crying this morning when my shop got burnt. I couldn’t do anything. I am into laptop repairs and sales. My goods that arrived this week got burnt completely, so am starting from scratch.

“I am a married Man with kids. Where do I go from here and how can I feed my family in the midst of this economic hardship? The Government should come to our aide. We provide jobs for people. I have like three boys that are working for me who are under my payroll. Definitely, they are going back home without job,” Felix lamented

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As of the time of filing this report, fire service officials were making efforts to put out the fire.

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Sad! Popular Nollywood producerr, Shina Sanyaolu, is dead

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By Mario Deepromoter

Popular Nollywood producerr, Shona Sanyaolu is dead.

The deceased was a popular film producer and director in the Yoruba genre of the Nollywood industry.

The cause and details surrounding his death remain sketchy as of the time of this report.

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The President, Theatre Arts and Motion Pictures Practitioners Association of Nigeria, Bolaji Amusan, confirmed Sanyaolu’s death.

“Sleep well uncle Shina Sanyaolu,” he wrote on his Instagram page on Wednesday.

Also reacting to the development, a veteran actor, Jide Kosoko, said the deceased touched so many lives positively.
“Shina Sanyaolu was just not a remarkable man, he was a beacon of kindness and warmth to all who had the privilege of knowing him.

“His love for arts and his unwavering support for our industry were unmatched. Shina was always there for us, offering a helping hand and opening doors where there seemed to be none.

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“For those of us who traveled to the UK in the 80s, he made it feel like home. Welcoming us with open arms, giving us a place to stay and even taking time off from his busy life to drive us around.

“Shina your generosity knew no bounds and your spirit touched countless lives. You were truly a rare gem. The world feels emptier without you but we take solace in knowing that your legacy lives in the hearts you have touched.”

Sanyaolu contributed to the production of ‘The Honourable’, ‘Two Wives’, and ‘Omo Olosan’.

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