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Polaris Bank Supports Entrepreneurs With N2Million, Reiterates Commitment To SMEs With Sponsorship At The Fashion Souk 2021

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Left-Right: Chairman Eventful Limited and Convener of Fashion Souk, Yewande Zaccheaus; Ist Equipment Prize winner Oluwatosin Ogunbanjo and Polaris Bank MD/CEO Mr. Innocent Ike presentiing N750,000 cheque to the winner at the fifth edition of Of Fashion Souk 2021 on Sunday.

Good creativity and innovative idea will always attract funding from banks even individuals who will like to invest in the idea because they know is viable”  – Innocent Ike

Rashidat Olushola Okunlade Writes

Polaris Bank, a leading retail bank with outstanding global SME’s support, and the best digital bank of the year because of their VULTE platform, and the lead sponsor of Fashion Souk 2021 for five consecutive times has reiterated its commitment by funding entrepreneurs with N2million to support their businesses at the fashion fair event.

The event held at HabourPoint Event center on Sunday, 5th of December, 2021 hosts many dignitaries, entrepreneurs, and buyers. Polaris Bank also provided business advisory at no cost and a free stand at the fashion fair venue for constant participants.

Polaris Bank, a digitally-enabled bank focused on providing superior financial solutions and products to its customers. The Bank has developed SME-friendly products to cater to the needs of SMEs based on sector/industry-specific, ranging from SMEs in the Health sector, Education, Manufacturing, General business, Agriculture, Export, Creative Industry, etc.

The bank in its statement said “This is an expression of our support to SMEs as the catalyst for propelling the growth of the Nigerian economy. The event (Fashion Souk 2021) is an enabling platform for SMEs to showcase their products/services to buyers, be it Business to Person (B2P) and Business to Business (B2B)”.

Mr. Innocent Ike, MD/CEO of Polaris Bank in his statement at the fifth edition of Fashion Souk 2021, said “It’s a great event, as we came together to make it what it is today and what makes the difference is the idea, that creative idea in young entrepreneurs and the ability to sit down and put it together diligently and articulate”. “A lots of young entrepreneurs will complain of inability to do some things because of funding or lack of capital, let me put it straight to you that this is a testament to the fact that the most important capital you need is the ENTREPRENEUR SPIRIT. Good creativity and innovative idea will always attract funding from banks even individuals who will like to invest in the idea because they know is viable” while appreciating co-sponsors and everyone.

Mrs. Yewande ZaccheausChairman Eventful Limited, and Convener of Fashion Souk, while appreciating the main and lead sponsors at the fifth edition of the fashion fair stated that “It’s extremely passionate to my heart because it is a way to help the entrepreneurs and create a platform to express themselves. If we don’t have organisations like this to sponsors, we are unable to make it happen, it just not possible. “We can have all the skills and gather as many vendors but if we don’t have the money to back it, we can’t do it”.

She also acknowledged Main Sponsors such as Eventful, LIRS, HabourPoint Event centre, BOI, MTN that provided free wifi, and Lead Sponsor Polaris Bank.

Toyin George owner of Eva & George store for kids and Olushola Christy Adeyanju who was camera shy won the most original and best-decorated store prize.

Royal Klassic by Tunde Isah won the 3rd Equipment Prize of N250,000, Victoria Udoh who based on fabrics won the 2nd Equipment Prize of N500,000, and Oluwatosin Ogunbanjo Avenue 7 who makes bags and shoes won the First Equipment Prize of N750,000.

Polaris Bank Supports Entrepreneurs With N2Million, Reiterates Commitment To SMEs With Sponsorship At The Fashion Souk 2021
Polaris Bank Supports Entrepreneurs With N2Million, Reiterates Commitment To SMEs With Sponsorship At The Fashion Souk 2021
Polaris Bank Supports Entrepreneurs With N2Million, Reiterates Commitment To SMEs With Sponsorship At The Fashion Souk 2021
Polaris Bank Supports Entrepreneurs With N2Million, Reiterates Commitment To SMEs With Sponsorship At The Fashion Souk 2021
Polaris Bank Supports Entrepreneurs With N2Million, Reiterates Commitment To SMEs With Sponsorship At The Fashion Souk 2021
Polaris Bank Supports Entrepreneurs With N2Million, Reiterates Commitment To SMEs With Sponsorship At The Fashion Souk 2021

“In line with our strategic thrust as a leading retail bank, we are committed to channeling resources and funds into impacting the growth of SMEs across segments, one of such is players within the Fashion and beauty industry. Indeed, we have not only sponsored the sector but have also provided business loans to enable interested SMEs to stock up for the event. We chose this path alongside other key stakeholders such as the CBN and BOI to develop small and medium businesses to achieve their potential.

The one-day Fashion/business fair provides a platform for over 150 SMEs in Nigeria’s fashion industry to showcase their creativity, product lines, and economic potentials. Some of the categories of SMEs at the Fashion Souk 2021 include; Manufacturers, Retailers, Leather, and Jewelry/ accessories. The fair creates the much-needed road to market for budding fashion entrepreneurs whilst also expanding the target market of the more established designers. Several visitors and buyers are also graced to attend.

Nigeria’s fashion sub-sector has huge and untapped potentials capable of reducing the rate of unemployment in the country. According to statistics by the Fashion Association Designers of Nigeria (FADAN), Nigeria’s fashion industry is valued at $10 billion. According to Africa Development Bank (AfDB) figures. The Global fashion industry is worth over $2.5 trillion with Africa’s share estimated at less than 1% of the total values in 2020, putting Africa’s entire textile/clothing market at more than $31 billion.

Polaris Bank said they are committed to reviving the fashion industry as well as other key viable sectors and industries beyond sponsorship but with products/services and financial advisory even for the key players within the value chain.

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Dangote-Led Flood Committee Commences Distribution Of N1.5bn Relief Items To Victims Nationwide 

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Dangote-Led Flood Committee Commences Distribution Of N1.5bn Relief Items To Victims Nationwide

Olushola Okunlade Writes

The Dangote-led Presidential Committee on Flood Relief and Rehabilitation (PCFRR), known as Dangote Flood Committee has commenced the distribution of relief materials, worth N1.5 billion to victims of flooding nationwide.  

The PCFRR, which was established by the Federal Government following the 2012 flooding, is co-chaired by Africa’s foremost industrialist Aliko Dangote, and Dr. Olisa Agbakoba.  

The flagging off ceremony for the relief materials distribution for this year started in Borno State and was conducted by the State Governor, Professor Babagana Umara Zulum Tuesday in Maiduguri, Borno State capital. The Governor thanked the Dangote Flood Committee and promised that he will ensure that the items get to the victims.

Dangote-Led Flood Committee Commences Distribution Of N1.5bn Relief Items To Victims Nationwide
Left-Right: Assistant Secretary (PCFRR) Umar Musa Gulani, Who Represent the Chairman Presidential Committee On Flood Relief Rehabilitation (PCFRR) Aliko Dangote, Borno State Governor, Prof. Babagana Umar Zulum, Director General (NEMA) Ahmed Mustapha Habib, Representative of King Salman Humanitarian Aid and Relief Center, Al-Yousuf Abdulkarim, during the visit to the Governor office before the Flag Off ceremony for Distribution of Presidential Committee on Flood Relief Rehabilitation donated relief materials to Flood Victims in Borno State on Tuesday 6th December 2022 at NEMA Zonal Office, Maiduguri, Borno State.
Dangote-Led Flood Committee Commences Distribution Of N1.5bn Relief Items To Victims Nationwide
Left-Right: Assistant Secretary (PCFRR) Umar Musa Gulani, Who Represent the Chairman Presidential Committee On Flood Relief Rehabilitation (PCFRR) Aliko Dangote, Borno State Governor, Prof. Babagana Umar Zulum, Director General (NEMA) during the visit to the Governor office before the Flag Off ceremony for Distribution of Presidential Committee on Flood Relief Rehabilitation donated relief materials to Flood Victims in Borno State on Tuesday 6th December 2022 at NEMA Zonal Office, Maiduguri, Borno State

UNICEF revealed that the 2022 flood killed 600 people, displaced 1.3 million, and destroyed more than 82,000 homes in Nigeria, therefore making it the worst in decades.   

The Representative of the Dangote-led Presidential Committee on Flood Relief and Rehabilitation (PCFRR), Alhaji Umar Musa Gulani assured at the flagging off for the Northeast zone that the exercise would also be conducted in the other five geopolitical zones of the country.

Gulani said the items from the Committee have been officially handed over to the Borno State Government and the National Emergency Management Agency (NEMA). He said the exercise would be conducted across the six geo-political zones, beginning from the northeastern State of Borno.   

The breakdown of items donated includes 86 bags of rice, 34 bags of beans, 34 bags of maize, 34 bags of millet, 34 bags of Guinea Corn, 34 bags of Garri, 86 cartons of noodles, 86 cartons of spaghetti, 86 cartons of macaroni and 86 bags of sugar, and 857 bags of cement, among several food and non-food items.   

Gulani said over N10 billion has been expended by the committee to mitigate the effect of flooding since inception in 2012, adding that no fewer than 84 Hostels have been built for flood victims in 24 states of Nigeria. According to him: “This private sector-led project is highly commendable and it has been sustained in the past ten years. It is a selfless service from the private sector and Nigerians should appreciate their selfless service to humanity”

Director General of NEMA Alhaji Mustapha Habib Ahmed described the Committee’s intervention as a milestone for Nigeria in general, and flood victims in particular. “Responding to the humanitarian outcomes of this nature requires concerted effort,” the DG said and added that the donation by the Dangote Flood Committee would eventually be made available to flood victims across the affected states in Nigeria.   

Dangote-Led Flood Committee Commences Distribution Of N1.5bn Relief Items To Victims Nationwide
Left-Right: Borno State Governor, Prof. Babagana Umar Zulum, Director General (NEMA) Ahmed Mustapha Habib, Assistant Secretary (PCFRR) Umar Musa Gulani, Who Represent the of Chairman Presidential Committee On Flood Relief Rehabilitation (PCFRR) Aliko Dangote, at Flag Off ceremony for Distribution of Presidential Committee on Flood Relief Rehabilitation donated relief materials to Flood Victims in Borno State on Tuesday 6th December 2022 at NEMA Zonal Office, Maiduguri, Borno State
Dangote-Led Flood Committee Commences Distribution Of N1.5bn Relief Items To Victims Nationwide
Left-Right: Assistant Secretary (PCFRR) Umar Musa Gulani, Who Represent the Chairman Presidential Committee On Flood Relief Rehabilitation (PCFRR) Aliko Dangote, Director General (NEMA) Ahmed Mustapha Habib, Borno State Governor, Prof. Babagana Umar Zulum, at Flag Off ceremony for Distribution of Presidential Committee on Flood Relief Rehabilitation donated relief materials to Flood Victims in Borno State on Tuesday 6th December 2022 at NEMA Zonal Office, Maiduguri, Borno State.
Dangote-Led Flood Committee Commences Distribution Of N1.5bn Relief Items To Victims Nationwide
Left-Right: Assistant Secretary (PCFRR) Umar Musa Gulani, Who Represent the Chairman Presidential Committee On Flood Relief Rehabilitation (PCFRR) Aliko Dangote, Director General (NEMA) Ahmed Mustapha Habib, Borno State Governor, Prof. Babagana Umar Zulum, at Flag Off ceremony for Distribution of Presidential Committee on Flood Relief Rehabilitation donated relief materials to Flood Victims in Borno State on Tuesday 6th December 2022 at NEMA Zonal Office, Maiduguri, Borno State

Speaking on behalf of the victims, Khalifa El-Miskin said the victims were extremely appreciative of the gesture. 

It would be recalled that the Committee also recently, during the spread of the COVID-19 pandemic, donated N1.5 billion to fight the virus. Announcing the donation, Dangote said it was imperative for well-meaning Nigerians to help the Federal Government in fighting the virus.

The Committee also recently provided N250 million as relief assistance to victims of the devastating floods in Benue State. Aside from the donation in Benue, the Dangote-led committee also revealed that it had also donated the sum of N150 million (in kind) to provide relief assistance to flood victims in Anambra State.

It also released the sum of N118 million to NEMA to augment the N1.6 billion released by the Federal Government for procurement of food and non-food relief materials in aid of the flood victims in the following 16 states: Abia, Akwa-Ibom, Bayelsa, Ebonyi, Edo, Ekiti, Enugu, Abuja FCT, Kebbi, Kwara, Lagos, Niger, Ondo, Oyo, Plateau, and Sokoto.

It would be recalled that the Committee at its inauguration by former President Goodluck Jonathan raised a whopping N11.35 billion for flood victims. Top on the list of donors at the event was Dangote and the Federal Government, who donated N2.5 billion each.

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Nigerian Breweries Holds Extra-Ordinary General Meeting, Recommends 2.1 Billion Bonus Shares To Shareholders

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we look forward to the dividends that this initiative will bring to the various areas where the beneficiaries live

Olushola Okunlade Writes

Nigerian Breweries Plc, the foremost brewing company in Nigeria is set to hold an Extraordinary General Meeting (EGM) on Thursday, December 8, 2022, at the Grand Ball Room, Oriental Hotel, Victoria Island, Lagos State.

At the meeting, the Board of Directors of the Company is proposing a bonus issue of one (1) new share for every four (4) shares held by qualifying Shareholders, that is those on the Register of Members at the close of business on Tuesday, 6th December 2022.

The Board’s proposed bonus share scheme is expected to be implemented upon the receipt of the Shareholder’s approval at the EGM. In view of the Company’s huge Share Premium Account, the Board decided to reward the company’s shareholders with the bonus share scheme as the best option to close the gap between the issued and unissued shares as required by the Corporate Affairs Commission.

Other items proposed by the Board for Shareholders’ approval at the EGM include an increase in the Company’s share capital to accommodate the bonus shares, a change in that regard in the share capital clause in the Memorandum of Association, and updates to some provisions in the Articles of Association to align with the 2020 Companies and Allied Matters Act.

In furtherance of the Company’s commitment to continue to deliver value to its Shareholders, an interim dividend of 40 kobo per ordinary share of 50 kobo each was paid on 1st December 2022 to Shareholders whose names appeared in the Register of Members of the Company as at close of business on 23rd November 2022.

Speaking on the bonus issue proposal and the interim dividend payment, the Company Secretary/Legal Director, Uaboi Agbebaku explained that both actions clearly demonstrate the commitment of the Board to continue to reward Shareholders for their investment in the Company.

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LASAA Launches 2023 Mobile Advert Stickers For Branded Vehicles

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LASAA Launches 2023 Mobile Advert Stickers For Branded Vehicles

…promises improved and efficient process

By Moninuola Sulaiman

Lagos State Signage and Advertisement Agency (LASAA), the agency saddled with the mandate to regulate advertisement displays in Lagos State, has announced the release of its 2023 mobile advert stickers for branded vehicles in the state.

Managing Director of LASAA, Prince Adedamola Docemo, in a statement in Ikeja yesterday, stated that the new and improved mobile advert e-sticker will be in force effective from the 1st of January 2023, a development that will render the 2022 sticker invalid.

He reiterated that, just like last year, the agency has fully deviated from the yearly tradition of launching the stickers with pomp and would rather focus on improving the efficiency of the new process.

He explained that the new e-sticker, which was introduced last year, has attracted a lot of commendation from stakeholders. He said LASAA has continuously reviewed and improved the mobile advert e-sticker product throughout the year to assess the process and fix all barriers for better and more efficient performance.

LASAA Launches 2023 Mobile Advert Stickers For Branded Vehicles
Prince Adedamola Docemo, Managing Director, LASAA.

Prince Docemo disclosed that the 2023 e-sticker continues to experience constant upgrades with a Quick Response (QR) code scanner application, which is readable with a simple smartphone.

He said, “The e-sticker has been enhanced with internal control mechanism, which comes with specialised bar codes and embedded details, including vehicle particulars and serial numbers for authentication.”

He explained that the new e-sticker comes with new and improved security features such as anti-counterfeit properties and an authentication system against fraud.

Prince Docemo emphasised that the level of security implemented for ease of confirmation has improved the process of compliance for the agency’s clients. He stressed that all branded vehicles state-wide will be effectively captured on a mobile advert database, thereby making the agency’s ability to monitor compliance and enforcement work efficiently.

He noted that the incidence of fraud has been hugely minimised, adding that non-compliant vehicles will be impounded and grounded. He assured clients that upon registration, the e-stickers will be available to them within 48 hours.

According to him, LASAA continues to monitor the activities of unscrupulous persons parading themselves as staff of the Agency as well as those working to frustrate its efforts by selling mobile advert stickers belonging to other States. This act LASAA believes is an attempt to cause confusion and conflict within Lagos territory. He added that LASAA has already taken bold steps to reverse this anomaly.

He, however, assured us that LASAA is always a step ahead in ensuring that all vehicles branded with logos and adverts are properly registered in Lagos State. He warned that the agency would arrest those who fail to comply.

He also warned clients and customers who are in the habit of patronising touts to desist from the such act because LASAA’s operation is fully automated and any forged registration will be easily detected.

He urged all registered clients to install the LASAA verifier app on their smart devices to verify the status of registration of their branded vehicles. The LASAA e-sticker Verification App is a reliable platform that allows LASAA field officers or law enforcement agencies to verify the authenticity of brand publications on automobiles in the state.

With the verifier app, all information regarding the organisation or individual name, plate number (where applicable), brand type, vehicle type, and branding type will be displayed seamlessly to verify the authenticity of the sticker.

The platform has been developed to ensure that branded automobiles have authorised stickers and to eradicate any occurrence of falsified brand information.

Prince Docemo expressed appreciation to Governor Babajide Sanwo-Olu for his immense support towards the agency’s initiatives while also stressing that clients’ satisfaction is at the heart of the agency’s business.

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