News
ACAMB reelects Polaris spokesperson as president
The Head of Corporate Communications at Polaris Bank, Rasheed Bolarinwa has been reelected President of the Association of Corporate Affairs Managers of Banks.
This was announced on Wednesday after the ACAMB held its elections and annual general meeting in Lagos.
Bolarinwa is the incumbent president of the association, having been elected for a first tenure of two years in 2022.
After the swearing-in of new executives, Bolarinwa thanked members of the association for giving him another opportunity to serve.
He appreciated the immediate past executives and promised to consolidate on the gains and explore new frontiers to take the association to greater heights.
Bolarin anticipated fostering collaboration with both familiar faces and new voices, steering towards even greater success.
“With the new executive committee, we will continue to strive for excellence, explore avenues for growth, and uphold the highest standards of professionalism.
“Our communication platform will foster flourishing ideas, strengthen relationships, and harness the collective wisdom of our diverse membership, from elders and past presidents to current members and associates, propelling us forward,” Bolarinwa declared.
Other elected executives include Oze Kalu, 1st vice president (FirstBank); Tolulope Onipede, 2nd vice president (Guaranty Trust Bank); Sipe Babajide, Secretary General (EcoBank); Ikechukwu Iheagwam, assistant general secretary (Access Holdings Plc.); Hadjia Ishaq, financial secretary (Jaiz Bank); Morolake Ladipo, treasurer (Wema Bank); Omede Odekina, publicity secretary (United Bank for Africa) and Utulu Ozena, social secretary (Heritage Bank).
In 2023, ACAMB generated approximately N14.5m, comprising N11m from dues and an additional N3m from successful debt recovery from members.
The association noted that it had a savings balance of N30m and received N8m in donations during the same period.
Established in 1996, ACAMB serves as the umbrella body for managers and public relations professionals within the Nigerian banking sector.
The association is actively engaged in developing a new constitution with the primary goal of enhancing collaboration among banks, the government, and the public.
The first Vice President, ACAMB, Oze Kalu pledged to execute all promises made, and more, as the association charts a course toward new heights.
News
NNPCL Faults NISO’s Claim of No Gas To Power Generating Plants
It, however, maintained that gas production had increased by about 10 per cent in 2026 so far, as the company pursued the Federal Government’s gas development and monetisation agenda.
The Nigerian National Petroleum Company Limited has dismissed claims by the Nigerian Independent System Operator (NISO) blaming the nationwide power supply outages on partly to limited gas availability and reduced water inflows to hydroelectric power stations.
In a statement issued on Saturday in Abuja by its Chief Corporate Communications Officer, Andy Odeh, NNPC said that its pipelines remain available to deliver gas to power plants across the country.
The national oil company said its operational records did not indicate any transportation-related constraints within the network operated by its subsidiary, NNPC Gas Infrastructure Company Limited, that could explain the current drop in power generation.
It, however, maintained that gas production had increased by about 10 per cent in 2026 so far, as the company pursued the Federal Government’s gas development and monetisation agenda.
News
NMDPRA, EFCC Storm Illegal Chinese Refinery in Ogun (Video)
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and operatives of the Economic and Financial Crimes Commission (EFCC) on Tuesday stormed an illegal Chinese-operated refinery in Ogere-Remo, Ikenne Local Government Area of Ogun State.
The joint operation followed intelligence reports that revealed a well-fenced but crude yet technically sophisticated facility occupying more than three hectares of land.
During the inspection, officials observed underground tanks believed to have been used for heating and processing sludge oil, refining waste products, and substances suspected to be Automotive Gas Oil (AGO), popularly known as diesel. NMDPRA officials immediately sealed the facility.
Ogun State Coordinator of NMDPRA, Dr. Atilola Akinyemi, described the plant as a complete illegality operating without any permit from regulatory authorities.
“The underground storage facility behind the site has an estimated capacity of more than 90,000 litres, complete with underground heating systems, water hydrants for cooling, locally fabricated tanks and silos for separation,” Akinyemi told journalists.
He warned that if such adulterated products entered the market, they would pose serious risks to vehicles and engines. All recovered products have been confiscated by the Federal Government.
Director of the Department of Proceeds of Crime Management at the EFCC, Gbolahan Latona, stressed the need for collective patriotism in tackling economic crimes.
“Upon conclusion of investigation, the suspects will have their day in court and the proceeds of crime will be put to meaningful use,” Latona said.
Watch video below:
News
Sanusi: Critics Are Not Enemies Of The Govt
” It’s not every time people talk about poverty or talk about difficulty that they’re just enemies of the government or making an attack on the president. That is not how to respond to economic distress,” he said.
The Emir of Kano, Alhaji Muhammadu Sanusi II, has advised the Federal Government against treating every comment about the administration as an attack on President Bola Tinubu.
The royal father gave the advise on the occasion of the Oxford Global Think Tank Leadership Conference, organised by the Oxford Global Think Tan.
Speaking virtually to the audience at the event, on Tuesday, Sanusi advised the government to tolerate constructive criticism.
“It’s not every time people talk about poverty or talk about difficulty that they’re just enemies of the government or making an attack on the president. That is not how to respond to economic distress,” he said.
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