Business
‘It’s A Picketing Exercise Organized By Amalgamated Union of Public Corporations, Others’, Fidelity Bank Speaks On Misleading Video Report
…Re: Video Of Alleged Customer Performing With A Band Outside Fidelity Bank
Olushola Okunlade Writes For BusinessEcho Magazine
This storyline must not be duplicated in any medium or news blog
The leading financial institution, Fidelity Bank Plc has refuted the media video report claiming a customer was wrongfully debited by the bank.
The video report is far from facts and truth, but a misleading, and contorted report to tarnish the bank’s image.
The financial institution’s statement today Tuesday 19th, 2022 shows that the video is actually a picketing exercise organized by the Amalgamated Union of Public Corporations, Civil Service Technical, and Recreational employees over a dispute they have with the Anambra State Urban Water Holding Corporation and Anambra State Waste Management Authority.
Fidelity Bank Plc continues to be transparent and ethical in its business practices and has remained committed to upholding the highest level of integrity in all its dealings.
The bank in a statement issued on Tuesday, April 19th, 2022, titled; “Re: Video Of Alleged Customer Performing With A Band Outside Fidelity Bank” reads thus;
“Our attention has been drawn to a video circulating online about a man singing at one of our branches.”
“Contrary to media reports claiming that the man was wrongly debited by the bank, the video is actually a picketing exercise organized by the Amalgamated Union of Public Corporations, Civil Service Technical and Recreational employees over a dispute they have with the Anambra State Urban Water Holding Corporation and Anambra State Waste Management Authority.”
“To this end, we had earlier issued a statement explaining that while the Union obtained a garnished Order against the account of Anambra State Government in Fidelity Bank, we are unable to honour it as the Judgment Debtors, Anambra State Urban Water Holding Corporation, and Anambra State Waste Management Authority, immediately filed a Notice of Appeal as well as a Motion for Stay of Execution of the Order of Court.”
“The Union is aware of these processes as they were also served. The Motion for Stay of Execution is still pending and had not yet been heard and determined when the Union took the law into its hands to attack Fidelity Bank.”
The Motion for Stay of Execution is still pending and had not yet been heard and determined when the Union took the law into its hands to attack Fidelity Bank.
The full statement can be read on our website or via this link https://www.fidelitybank.ng/update-on-aupctre-and-anambra-state-urban-water-holding-corporation/
Rashidat Okunlade Writes
Mr Olaniyi Toluwalope, Managing Director and Chief Executive Officer, eTranzact International PLC, has bagged Business Day’s Top 25 CEOs award in recognition of his company’s stellar performance on the Nigerian Stock Exchange.
Speaking during the award ceremony last weekend in Lagos, the publisher, Business Day Media Ltd., Mr. Frank Aigbogun stated that the award is more than just a recognition ceremony, but a reward for excellence, innovation, and drive for positive change.
According to the publisher, the eTranzact boss and other awardees have demonstrated extraordinary leadership, resilience and relentless pursuit of a result of success and this remarkable achievement in growing market value within the period of review stands them out as industry leaders, serving as a beacon of inspiration, admiration and respect from their peers and stakeholders alike.
“This has made us gather to celebrate your achievements, passion, and your dedication to excellence. As we recognize the countless hours of hard work, sleepless nights, and sacrifices that go into building and leading a successful business, your resilience in the face of challenges is truly commendable and it is an honour to acknowledge and celebrate your triumphs,” he concluded.
Responding after the award, Mr Olaniyi Toluwalope said the award is a testament to what they have been doing in the financial technology sector within the past 20 years.
Left-Right: Mr. Frank Aigbogun, Publisher BusinessDay presenting Mr Olaniyi Toluwalope : MD/CEO, eTranzact Plc the award recognition of the company’s stellar performance on the Nigerian Stock Exchange during the Top 25 CEOs Award in Lagos.etra
Toluwalope said: “This award means a lot to us since we began the journey of transformation as an organisation a couple of years ago.”He believed the board, the management, and the entire team have worked very hard to reimagine strategy, focusing extensively on execution capability. “We have built more partnerships, deepened our collaboration with the government, private sector, with lots of our financial service partners. The quality of products and solutions we offer coupled with the investment we have made in technology infrastructure is the outcome of all we are seeing now in terms of our improvement and top performance.”
“As one of the top fintech companies in the country, having been around for over 20 years, doing great things and setting new standards and creating pioneer products and solutions, these are the things that have created the pillars which we stand on today, which is what is creating this visibility and identification we are seeing and benefiting from,” he said. It is worth noting that, eTranzact under the leadership of Mr. Toluwalope recorded the highest-ever profitability in the 20-year history of the company in its 2022 financial year.
The company is already on the upward trajectory to build on the gains of the performance by continually providing world-class solutions and products to its discerning clients which cuts across both public and private sectors.
…as BusinessDay honour Top 25 CEOs
Rashidat Okunlade Writes
Nnamdi Okonkwo, Group Managing Director of FBN Holdings Plc, has bagged outstanding CEO in the just concluded Top 25 CEOs Awards organized by BusinessDay that was held at the Ballroom of the Federal Palace Hotel, Victoria Island, Lagos last Saturday.
Left-Right: Adewale Arogundade, Acting Company Secretary, FBNHoldings, Tolu Oluwole, Head, Investor Relations, FBNHoldings, Nweke (Junior), former Director General, Nigerian Economic Summit Group, Oyewale Ariyibi, Executive Director, Finance FBNHoldings, Frank Aigbogun, Publisher, BusinessDay, and Wasiu Shafe, Financial Controller, FBNHoldings.
In this year’s edition of the BusinessDay Top 25 CEOs, the publication recognised 25 Chief Executive Officers and Managing Directors of various listed firms on the Nigerian Stock Exchange (NGX) who experienced outstanding financial development and also made important contributions to their respective industries.
FBNHoldings team that graced the event are Adewale Arogundade, Acting Company Secretary, FBNHoldings, Tolu Oluwole, Head, Investor Relations, FBNHoldings, Nweke (Junior), former Director General, Nigerian Economic Summit Group, Oyewale Ariyibi, Executive Director, Finance FBNHoldings, Frank Aigbogun, Publisher, BusinessDay, and Wasiu Shafe, Financial Controller, FBNHoldings.
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