All Posts in "Day: February 16, 2021"

By admin

Mutual Benefits Assurance Plc, has recorded an increase in gross premium written for year ended December 31, 2020 to N20.194 billion from N18.698 billion in 2019.

In the same vein, the company’s gross written premium for Q4 2020 rose tonN5.378 billion from N4.944 billion recorded in the corresponding period of (Q4 ) 2019.

While profit after tax rose by 104.5 percent to N2.155 billion in Q4 from N1.054 billion in 2019, it rose lower by 25.9 percent to N4.548 billion in full year from N3.612 billion in 2019

The company planned to meet the recapitalisation through a sum of N4.8billion through private placement

At the company’s Extra Ordinary General Meeting held last December, its Board of Directors secured the approval of its shareholders to  sell 8,888,888,889 ordinary shares of 50 kobo each at 54 kobo per share.

Among the shareholders that have indicated interest to take up the private placements are Charles Enterprises and Arubiewe Farms Limited.

Chairman of the firm, Akin Ogunbiyi, said given the impact of the COVID-19 pandemic on the world economies and the negative investors’ sentiments in the stock market, the company has decided to raise more capital required by way of private placement of its shares to some substantial investors who have indicated their readiness to commit further investment into the company to meet the new minimum regulatory capital.

Managing Director of Mutual Benefits Assurance Plc, Femi Asenuga assured shareholders that the company would reward shareholders for their support and patronage in the new year.

Patoma Admin by — February 16, 2021 in Insurance 0

By Favour Nnabugwu

The federal government has named the Idu railway complex after the Deputy Secretary General of the United Nations, Mrs. Amina Mohammed.

The Director PPR, Federal ministry of transportation, Eric Ojikewe.

The statement reads “The Federal Government of Nigeria has named the Idu railway complex, Idu train station, and the light train station of the Federal Capital Territory and all its Facilities after the Deputy Secretary General of the United Nations, Mrs. Amina J. Mohammed.

“It has also gained the concurrence of the honourable minister of Transportation, Rt. Hon Rotimi Amaechi and the minister of the Federal Capital Territory Administration, Mohammed Bello,” the statement added.

Ms Amina J. Mohammed is the Deputy Secretary-General of the United Nations and Chair of the United Nations Sustainable Development Group.

Prior to her appointment, Ms. Mohammed served as Minister of Environment of the Federal Republic of Nigeria where she steered the country’s efforts on climate action and efforts to protect the natural environment.

Ms. Mohammed first joined the United Nations in 2012 as Special Adviser to former Secretary-General Ban Ki-moon with the responsibility for post-2015 development planning. She led the process that resulted in global agreement around the 2030 Agenda for Sustainable Development and the creation of the Sustainable Development Goals.

Ms. Mohammed began her career working on the design of schools and clinics in Nigeria. She served as an advocate focused on increasing access to education and other social services, before moving into the public sector, where she rose to the position of adviser to three successive Presidents on poverty, public sector reform, and sustainable development.

Ms. Mohammed has been conferred several honorary doctorates and has served as an adjunct professor, lecturing on international development. The recipient of various global awards, Ms Mohammed has served on numerous international advisory boards and panels. She is the mother of six children and has two grandchildren.

Patoma Admin by — February 16, 2021 in Others 0

By admin

Delta State Governor Ifeanyi Okowa is currently holding a private funeral service for his late father, Sir Arthur Okowa at Owa-Alero in Ika Northeast Local Government Area of the State.

Governor Okowa took the first Bible reading as invited guests gathered to lay the late patriarch of the Okowa family to rest.

Sir Okowa was the Ojenyangbe of Owa kingdom and the Okparan of Idumebor quarter.

Recall Governor Okowa had announced a bipartite funeral arrangements for his late father.

The ongoing funeral service is part of the bipartite arrangement.

Governor Okowa said an elaborate celebration of life event will take place on August 21, 2021 in what is the second burial in honour of the Governor’s late father

Sir Okowa died aged 88 on January 28, 2021 after a brief illness

Besides family members at the private funeral, Archbishop of Bendel Province, Anglican Communion, Archbishop Cyril Odutemu; Deputy Governor of Delta, Mr Kingsley Otuaro; former Governor James Ibori and former Deputy Governor Benjamin Elue were at the ceremony.

Others included Chief Jide Omokore, Sen. James Manager, Rt. Hon. Ndudi Elumelu, Chief Judge of Delta, Justice Marshall Umukoro and Speaker of the State’s House of Assembly, Chief Sheriff Oborevwori.

Governor Okowa in his speech during the funeral service in the home of the late octogenarian, thanked Nigerians for their show of love, saying that because he had announced that the ceremony would be private for the family, “those who came are truly family members”.

He said that as a teacher, his late father fought for the ordinary man and suffered victimisation for daring to stand for the truth.

“On behalf of my siblings, I welcome you to my father’s home. He is no more, he has just been laid to rest.

“He has been a strong pillar in my life and obviously we wished he had lived longer, but it pleased God to call him at this time.

“Our father was a good man who fought for the church, the children and the ordinary man, especially as a teacher and suffered consequences for standing by the truth and at the end, God vindicated him.

“We thank God that he played his role in the community. He was very passionate about the development of Owa-Alero and I am glad that he saw all we did for the community.
He did not compromise his faith even as an Okpara-Uku of his quarter and that, we can attest to as his children,” he said.

The Governor apologised to those who couldn’t attend the funeral because he had declared it a family burial.

“We do not know when it is best to die but we thank God he took our father at a ripe age.

Patoma Admin by — February 16, 2021 in News 0