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Zenith Bank Gets Recognition for Best Corporate Governance Nume Ekeghe Ethical Boardroom

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Zenith Bank Gets Recognition for Best Corporate Governance Nume Ekeghe Ethical Boardroom Zenith Bank Gets Recognition for Best Corporate Governance Nume Ekeghe Ethical Boardroom. institutionalisation of corporate testament to our commitment standards which is attributable practices. The bank, in a statement governance as well as setting to quality, accountability, to the joint collaboration of For instance, Zenith Bank Zenith Bank Plc's strong yesterday, said the an industry-wide example of fairness and transparency the management and staff." was voted as Bank of the Year business ethos, ethical values, award, published in best practices in that field. in our engagement with all The award comes on the (Nigeria) in The Banker’s Bank and impeccable corporate the June 2021 edition of Commenting on the award, stakeholders. heels of others and recognitions of the Year Awards 2020; Best governance have been The Ethical Boardroom Group Managing Director/ "It is also an affirmation of that the bank has garnered in Bank in Nigeria in the Global rewarded with 'Best Corporate magazine, recognised Chief Executive of Zenith Bank the bank’s professionalism, recent times for its track record Finance World’s Best Banks Governance’ Financial Services’ the bank’s adherence to Plc, Mr. Ebenezer Onyeagwu, ethical conduct and sustenance of excellent performance and Africa 2021 award by the global best practices and said: “This recognition is a of global best practices and commitment to global best Continued on page 10 Oil Price Upswing Continues, Inches Closer to $75pb... Page 8 Thursday 17 June, 2021 Vol 26. No 9565. Price: N250 www.thisdaylive.com T RU N TH & REASO NPAN Rejects Media Exclusion from Press Bill’s Public Hearing...Page 42 Lagos, Kano Get Lion’s Share of INEC’s New Polling Units Commission creates 56,872 centres Fixes dates for Ekiti, Osun governorship elections Chuks Okocha in Abuja polling units, Nigeria now has 176,846 polling units. After 25 years and ahead The new polling units were of preparations for the created after over 25 years of 2023 general election, the the creation of the old polling Independent National Electoral units of 119,973. Commission (INEC) yesterday INEC also removed announced the creation of 749 polling units from additional 56,873 polling units, inappropriate facilities, nine with Lagos and Kano States of them from shrines, while topping the distribution list others were from religious with 4,861 and 3,148 centres houses and palaces. respectively. With the creation of the Continued on page 10 No National Law on Grazing Routes, Falana, Basiru Tell Buhari Emma Okonji and Nosa is no national law on open Alekhuogie grazing. Fielding questions on The Human rights lawyer and Morning Show, a programme Senior Advocate of Nigeria on ARISE NEWS Channel, the (SAN), Mr. Femi Falana, and broadcast arm of THISDAY the Senate spokesman, Senator Newspapers, the silk said Ajibola Basiru, have opposed contrary to the impression President Muhammadu the president has created, Buhari’s directive to the Nigeria has no national law Attorney-General of the on cattle grazing routes. DISCUSSING MATTER OF STATE... Federation and Minister of He spoke against the Justice, Mr. Abubakar Malami backdrop of Buhari’s response L–R: National Security Adviser to the President, Maj. Gen. Babagana Monguno (rtd); Attorney-General of the Federation and (SAN), to reclaim land for the Minister of Justice, Mr. Abubakar Malami; and the Minister of Federal Capital Territory, Mr. Mohammed Bello, during the open grazing, saying there Continued on page 10 Federal Executive Council meeting in Abuja…yesterday godwin omoigui FEC Approves Resumption of N1tn FCT Land Swap Scheme...Page 5 2 THURSDAY JUNE 17, 2021 •THISDAY THURSDAY JUNE 17, 2021 • THISDAY 3 4 THURSDAY JUNE 17, 2021 •THISDAY THURSDAY, ͹Ϳ˜ͺ͸ͺ͹˾THISDAY 5 Group News Editor Ejiofor Alike NEWS Email [email protected], 08066066268 FEC Approves Resumption of N1tn FCT Land Swap Scheme Deji Elumoye in Abuja the FCT administration and to bring in “conditionalities that federal highways, namely "So, we identified the need for cumulate to over 70%. If we the private sector that would protect everybody and all these Lagos-Ibadan highway, the various actions to be taken from reduce this, we bring the The federal government is to ensure provision of infrastructure are done based on the experience Abuja-Kano highway, and municipal, local government level numbers down. resume the Federal Capital to develop the districts in the of the administration over the Abuja-Keffi-Lafia highway, have to state and national level.” "So, I think our focus as Development Authority (FCDA) territory. last few years regarding previous the highest cumulative number According to Fashola, the a government is that we've land swap initiative, started by According to him, the private investments done particularly of road accidents. process is on to reduce road agreed that the driver has the administration of former investors will provide the entire using the mass housing model, According to him, in January accidents on federal highways. a role to play, starting from President Goodluck Jonathan. infrastructure within a particular which is really in terms of size 2021, more people died of car He added: “We are looking education and certification for The Federal Executive Council district and then they will be is just a fraction of what we are accidents than COVID-19 and at also putting speed metres more level. So, this is going to (FEC), rising from a meeting compensated with land. talking about. malaria combined. on the highway. There is a be a multidisciplinary activity in Abuja yesterday, approved He said: “They will take a “So, this is the whole essence, He said: “So, we saw that this combination of factors and from the Ministry of Education, the resuscitation of the land certain percentage of the land this is what we intend to start was something that needed to be we are also trying to educate Ministry of lnformation, FRSC, swap programme aimed at developable within that district, rolling out now based on the focused on. We saw that for the drivers. We saw that the biggest state and local governments in ensuring massive infrastructural while the FCT administration conditions approved to the month of January, the number factor for these accidents from terms of how they test and certify development in the Federal will take a certain per cent. effect.” of people who died from road over-speeding, loss of control, drivers. Capital Territory (FCT). “The whole essence is to Also briefing newsmen, crashes exceeded the combined wrongful overtaking, brake “We are hopeful that FRSC FCT Minister, Alhaji encourage the development of Works and Housing Minister, numbers of people who died failure, tyre blowing out points will start something like a Mohammed Bello, told reporters the city according to the master Mr. Babatunde Fashola, said he from malaria and COVID to the role of the driver. random check on the highway after the meeting that the land plan in designated districts and presented a note to the council on together for the same month. “Consistently over the years for people to produce the driver's initiative, worth about N1trillion then, of course, to also to resolve the need to be conscious of the “While COVID and malaria and this data is available. The licence. And that awareness, under the previous dispensation, the issue of compensation and increased number of road traffic were receiving national concerted impact of bad roads and hopefully, will reduce the was designed to remedy the payments and relocation of crashes on federal highways, attention, perhaps it was accidents was less than 2%. As number of uncertified drivers infrastructure deficit in the federal people as the city grows, and saying that the majority of necessary to bring this to the big as that may be, it is less on the road - because they are capital by swapping land with then, of course, to reduce the accidents are not caused by attention of the government as than 2%. These factors I have also a very big source of the private investors who would in overall housing deficit within bad roads. part of our strategy for protecting mentioned; overspeeding, loss problem. So, these essentially turn provide development. the FCT. So, basically, this is the He stated that three major life and property. of control, wrongful overtaking are the highlights." The minister stated that background. FEC approved the resumption “And what we have approved following a memo he presented today is to establish a very solid to the council, adding that some legal system, whereby all the amendments were made to the parties in this transaction are original initiative by establishing protected. And who are the a legal framework to protect all parties, the first party is the parties. investor, the second party is the He said: “Today, at the Federal FCT administration, while the Executive Council meeting, I third parties are the off-takers. presented a memo and an update And in so doing, investors will on the FCT Land Infrastructure create a special purpose vehicle, Swap Initiative at the council. whereby the investors will come And after a lot of deliberations, in and then the quantum of the the Federal Executive Council investment will be determined on approved the FCT Land the basis of which the financial Infrastructure Swap Initiative, institutions will provide financial which is popularly known as guarantees to the administration land swap, which was started through performance bonds. some time ago by the previous “And this performance bond FCT administration. will cover the totality of the “After a review of what has project and will be reduced as transpired over the years, and the project is being delivered. changes made, the Federal And then the land that is going Executive Council approved to be used as swapping for the that we now continue with investment that is going to be the land swap initiative on held in custody by designated the basis of amendments to financial institution, which will the procedures as well as new serve as the custodian.
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