Executive (3)

Wednesday’s weekly meeting of the Executive Council of the Federation was cancelled at the instance of the Acting President, Goodluck Jonathan, after two delays.

The announcement was made by the Secretary to the Government of the Federation, Ahmed Yayale, who said Mr. Jonathan had been on his feet since the day before, and still had some state matters to attend to.

The meeting was initially shifted from its original 10am to 2pm because of the Acting President’s busy schedule, but it was eventually called off.

The FEC, a meeting of cabinet members and heads of the civil service, sets government policy and spending agenda.

This would have been the 10th session of the cabinet meeting for the year. It is, however, the second to be cancelled since the return of President Umaru Yar’Adua, who returned into the country two weeks ago..

There had been fears that Mr. Jonathan might dissolve the cabinet yesterday, following the recommendation of the Presidential Advisory Council headed by Theophilus Danjuma.

It was also gathered that the Acting President may be fatigued after having a long meeting last night with the president of Sierra Leone, Ernest Ba Koroma and the Prime Minister of Tanzania, Jakaya Kikwete; continuing this morning with an international conference, both of which held at the Transcorp Hilton Hotel in Abuja.

This may not be out of place, as the Acting President has, for the past two to three weeks, in a bid to cover up lost grounds, increased his working hours to both include Saturday and Sunday.

Waiting on the Acting President

The meetings, which held on Tuesday night, had dragged on till about 11pm and was reconvened on Wednesday, from 9am till about 2pm.

“Attention ministers, the Acting President is just closing, coming from an international conference on Agro Allied Business seminar, coming back to the residence; he is equally engaged with other state duties. So, he has asked me to convey to you that this executive council meeting is cancelled.

Next week, Insha Allah, it will be convened or any day the Acting President deems it fit to reconvene,” Mr. Yayale announced.

Read more…

New UBA CEO: ELumelu hands over to Oduoza

The Board of the United Bank for Africa Plc has announced the appointment of Phillips Oduoza as the Group Chief Executive Designate. Mr. Oduoza has over 22 years experience in banking and financial services, spanning banking operations, relationship management, credit/marketing, technology implementation, risk management, lean banking methods and brand management. Prior to this appointment, Mr. Oduoza was the bank's Deputy Managing Director South, which is the largest strategic business in the group. He will resume in his new position on August 1, 2010. In the interim, Mr. Oduoza will be working with Tony Elumelu, the current Group Chief Executive of UBA to ensure that the transition is seamless. This is coming in the wake of Central Bank of Nigeria's announcement that, "Chief Executive Officers (CEO) of banks shall serve a maximum tenure of 10 years... all CEOs who would have served for 10 years by July 31, 2010 shall cease to function in that capacity and shall hand over to their successors."
Read more…
Quicklly bows out before being bowed out ! No Fuss No Theatrics The Managing Director of Bank PHB, Frank Atuche, has resigned his position as the bank's chief executive. Mr. Atuche made his decision known in a farewell letter to staff of the bank on Friday. In the letter, Mr. Atuche did not say why he is leaving the bank at this time but said, "As in all things however, there is a time to say GOOD BYE. As I bow out today from the Bank, I earnestly urge each and everyone of you to keep the PHB passion aflame so that the height, the mount everest which we envisioned shall not only be accomplished, but shall be surpassed and we would have created an institution that would outlive". He also said, "In the course of my stewardship we took decisions which affected all of us in different ways but they were in the best and overall interest of the Bank". Mr. Atuche's resignation comes after sources saidT last night that the Central Bank of Nigeria had concluded plans to sack him today. The central bank's decision, the sources said, was as a result of the inability of Bank PHB to pass its latest audit of banks. Since the audit began some months ago, the chief executives of five banks have been sacked. Four of the former executives are now being prosecuted by the Economic and Financial Crimes Commission for various offences.
Read more…

Blog Topics by Tags

  • in (506)
  • to (479)
  • of (339)
  • ! (213)
  • as (166)
  • is (157)
  • a (156)

Monthly Archives