Business

OGUN INDIGENES IN DIASPORA HONOUR PASEDA , hails his humanitarianism donation

Published

7 years ago

July 2, 2017

By Michael-Azeez Ogunsiji, Abeokuta

Ogun State Indigenes in United States of America under the umbrella of Egba Descendants Association at the weekend appointed Ogun State governorship hopeful, Otunba Rotimi Paseda as its Patron

The association which comprises of Egba unsigned from Ogun State while playing host to Paseda at Oduduwa hall, Dallas, Texas, USA stated that the unanimous decision to honour the governorship hopeful was based on his various socio-economic and political activities, particularly his humanitarian gestures, through his foundation, towards the residents of Ogun State.

The Association President, Mr. Kenny Sunmonu while commending Otunba Paseda for accepting the patronship and attending the June meeting of the association emphasized that, Paseda’s unblemished character and sincerity aimed at bettering the lives of the downtrodden further gave the members confidence to appoint him as Patron.

According to him, “Our members are indeed happy to have someone like you as our patron. We have heard a lot about you, your contributions and your various programmes, particularly your humanitarian activities through your foundation to help our people in Nigeria.

“Definitely, you are someone we can partner with in improving the lives of our people back home in Nigeria, ” Sunmonu averred.

Also speaking, the Treasurer of the association, Mr. Ladi Lemboye briefed Paseda on the history and various activities of the association.

Lemboye, who was the Assistant Secretary General of Egba National Association US and Canada, said that the Dallas chapter would continue to offer support to the down-trodden and the needy people within the Egba communities in Ogun State.

He explained that various programmes, which include award of scholarship to needy students, would soon be carried out for secondary schools students within Ogun Central Senatorial District.

While speaking, the Founder, Paseda Legacy Foundation, Otunba Rotimi Paseda expressed appreciation to the members of the association for their support, promising to play his part as the Patron of the association.

Paseda who told the gathering of his intention to govern Ogun State in 2019, declared that despite been an Ijebu man from Ogun East Senatorial District he sees the whole of the state as his constituency, which informed his readiness to give back to all sections and accepting the Egba Descendants patron.

He maintained that, if elected, he is fully prepared to provide an alternative good government to the people compared to what obtained under the past and present government in the state.

Paseda therefore, donated N1 million to support the charity programme of the association in Egbaland, assuring them of his steadfast readiness to sacrifice all possible at his disposal for the development of the Gateway State.

Among those present at the event were three past presidents of the association – Dr. Ayo Ogundele, Pastor Phillip Ajayi and Deacon Olufemi Oyegunle, Vice President, Deaconess Elizabeth Oyeniyi, General Secretary, Mrs. Ajibola Ogundele.

Business

Moniepoint resumes onboarding; set to enrich millions of Nigerians with new personal banking referral programme

Published

58 mins ago

June 6, 2024

Sahara Weekly

Moniepoint resumes onboarding; set to enrich millions of Nigerians with new personal banking referral programme

Moniepoint MFB, Africa’s fastest-growing financial institution according to the Financial Times, has relaunched its personal banking referral program to enrich its customers as they enjoy the Moniepoint experience with family and friends.

The referral program is designed to reward users every time their friends or family perform a transaction on Moniepoint after signing up with their referral link. Through this, millions of people will earn well over N100,000 from referrals alone.

Moniepoint’s technology has powered over 3 million businesses across Nigeria, and with its reliable infrastructure now in the hands of personal users, it now enables seamless payments for many across the country. With referrals linked to transfers, a leading payment method for many in Nigeria, this referral program will provide extra income for many of its users.

Commenting on this development, Babatunde Olofin, Managing Director of Moniepoint MfB, noted that the customer-centric referral program supports the bank’s focus on driving financial inclusion while helping to accelerate its vision of creating a society where everyone experiences financial happiness.

“We know how important seamless financial transactions are, and we’ve seen first-hand the power of peer to peer recommendations and how word-of-mouth referrals can grow a customer base and increase revenue. Given our strong customer obsession and the strings of commendations which we have received that validate the work we do in providing peerless financial services, we want to provide our customers with rewards even as they continue to share these positive experiences with the Moniepoint brand,” Olofin said.

Each current and new personal account holder has been provided with a unique referral code which is identical to their account username and is visible in the Referral Section on the Personal Banking app. This code/link can be shared with anyone, who, upon signing up and transacting with the Moniepoint Personal Banking app, will contribute to rewards for the referrer.

For every outward interbank transaction conducted by referred customers in the next 12 months, participants will receive a commission. This transparent and straightforward incentive structure ensures that participants reap tangible benefits for actively promoting the Moniepoint Personal Banking app. Referrers can also track the total earnings and referral history from their referral in the “Earn from Referrals” icon in the app while earnings can be transferred to the user’s main account once a minimum of N50 has been earned.

Moniepoint MFB has worked with the Central Bank of Nigeria to strengthen the security of the banking industry in the past month, pausing its onboarding. It has now resumed signing up users with a commitment to providing its users with a secure, convenient and rewarding financial experience. The referral program is just one of the many ways the company is innovating to empower Nigerians and make financial services more accessible.

It will be recalled that Moniepoint MFB has in the last few months demonstrated peerless commitment to customer focus and satisfaction as evidenced by the opening of its Lekki Admiralty Road office, as well as the roll out of a USSD code, *5573# which offer users a fast, secure, and user-friendly platform to conduct their banking activities with ease.

According to media reports, Moniepoint Inc. currently processes the majority of the Point of Sales (POS) transactions in Nigeria through its subsidiaries, processing over $182 billion in annualized TPV and as a profitable enterprise, it is Africa’s largest fintech by transaction volume.

Business

FIDELITY BANK PLC UNDERTAKES A ₦29.6BN RIGHTS ISSUE AND ₦97.5BN PUBLIC OFFER

Published

21 hours ago

June 5, 2024

Sahara Weekly

FIDELITY BANK PLC UNDERTAKES A ₦29.6BN RIGHTS ISSUE AND ₦97.5BN PUBLIC OFFER

Fidelity Bank Plc (“Fidelity Bank” or the “Bank”) has concluded all necessary arrangements to raise a total of up to ₦127,100,000,000.00 (One Hundred Twenty-Seven Billion, One Hundred Million Naira) by way of a Rights Issue to existing shareholders and a Public Offer (the “Combined Offer”). The Combined Offer is a part of the Bank’s strategy to increase its share capital base in compliance with the revised minimum capital requirements for Nigerian commercial banks introduced by the Central Bank of Nigeria (“CBN”) on 28 March 2024. Overall, the Bank expects that the capital raised would support the Bank’s efforts to drive sustained growth and diversification of its earnings base.

The Signing Ceremony with respect to the Combined Offer was held at the Board Room of the headquarters of Fidelity Bank in Lagos on Wednesday, 5 June 2024. The Bank’s shareholders had already approved the Rights Issue and Public Offer at the Extra-Ordinary General Meeting held on Friday, 11 August 2023. Under the Rights Issue, 3,200,000,000 (Three Billion Two Hundred Million) ordinary shares of 50 kobo each will be offered in the ratio of 1 new ordinary share for every 10 ordinary shares held as of 05 January 2024, at ₦9.25 per share. For the Public Offer, 10,000,000,000 ordinary shares of 50 kobo each will be offered to the general investing public at ₦9.75 per share.

Stanbic IBTC Capital is the Lead Issuing House to the Combined Offer, whilst the Joint Issuing Houses include Iron Global Markets Limited, Cowry Asset Management Limited, Afrinvest Capital Limited, FSL Securities Limited, Futureview Financial Services Limited, Iroko Capital Market Advisory Limited, Kairos Capital Limited and Planet Capital Limited. The Acceptance and Application lists for the Rights Issue and Public Offer are expected to open on Thursday, 20 June 2024 and close on Monday, 29 July 2024.

At the Signing Ceremony, Managing Director and Chief Executive Officer, Fidelity Bank PLC, Dr. Nneka Onyeali-Ikpe, disclosed that the proceeds of the Combined Offer will be applied towards investment in IT infrastructure, business and regional expansion, and investment in product distribution channels.

The Chief Executive of Stanbic IBTC Capital, Oladele Sotubo, commended Fidelity Bank’s management team for their commitment towards executing the Combined Offer. He lauded their efforts for being at the forefront of achieving the CBN’s revised minimum capital requirements for Nigerian commercial banks. While thanking the Bank for trusting Stanbic IBTC Capital to lead and advise on this landmark transaction, Dele expressed confidence that the deal would encourage other corporates to tap into the equity capital markets to raise funding to meet their strategic business needs.

The Rights Circular for the Issue, which contains a Provisional Allotment Letter and the Participation Form, will be mailed directly to shareholders of the Bank. Printed copies of the Public Offer Prospectus can be obtained at the offices of Fidelity Bank and the Issuing Houses during the Public Offer Application Period.

All existing shareholders and prospective investors are encouraged to read the Rights Circular and Prospectus and, where in doubt, consult your Stockbroker, Fund/Portfolio Manager, Accountant, Banker, Solicitor, or any other professional adviser for guidance before subscribing.

Business

POWER BANK FOR LAPTOP: Empower Your Laptop & other Devices, All Day Long”

Published

1 day ago

June 5, 2024

Sahara Weekly

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