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2018 Annual Report & Accounts ANNUAL REPORT 2018 & ACCOUNTS Contents 4 WHO WE ARE 5 CHAIRMAN’S STATEMENT 6 CHAIRPERSON’S STATEMENT 8 EXECUTIVE DIRECTOR’S STATEMENT 10 THE FINANCIALS 28 WE INSPIRE 36 WE EMPOWER 42 WE ADVOCATE 46 WE CONNECT 50 NOTES TO THE FINANCIAL STATEMENTS 72 LIST OF INDUCTEES WIMBIZ ANNUAL REPORT 2018 WHO WE ARE that has, over the last 17 years, implemented programs that inspire, empower and advocate forWomen greater in Management,representation Business of women and in Public leadership Service positions (WIMBIZ) in the is apublic non-profit and private organization sector. WIMBIZ has a contributory associate pool of 679 accomplished women in management, business and public service and over 9,500 women in its database. WIMBIZ collaborates with credible over 107,465 women since inception. domestic and international global organizations to deliver programs, which have influenced Our Vision Our Mission Core Values To be the catalyst that To inspire and empower • Selflessness elevates the status and women to attain leadership • Passion influence of women and positions in business, • Professionalism their contribution to nation management and public • Respect building. service. • Integrity • Team Work 4 WIMBIZ ANNUAL REPORT 2018 MESSAGE FROM THE CHAIRMAN, BOARD OF TRUSTEES Funmi Roberts It is with great LL.M,pleasure FCIArb, that FSCArb I present the organised with the intent to establish our 2018 Annual Report and Financial Statements footprint and take our raison d’être to the door of Women in Management Business and Public Service. What a phenomenal year it was. Every progress no matter how small is worth wassteps live of women streamed in these to online cities. participants Also, for the from first celebrating. varioustime, the parts flagship of the WIMBIZ world. Annual We had Conference delegates from Ghana, United Kingdom, United States of The past 17 years comprised of growth and America pay to watch live. impact, in our programs, collaborations, associate base, social media reach, sponsorship, This tells me that WIMBIZ remains the grant donors and so much more. We have organisation that enables women to activate watched the WIMBIZ vision and mission take their potential; we push, we provoke and we on its full expression across Nigeria and it has celebrate your successes. been from one level of high impact to another with the challenges making us stronger, wiser I remain humbled and honoured to chair the and better. Board of Trustees of WIMBIZ for the third As part of our commitment to our goal of if it does not articulate my heartfelt gratitude expanding our reach throughout Nigeria and year running and this report will be deficient Members, Associates and staff of WIMBIZ. Super Round Table held in Abuja and Port WIMBIZto the founding is, because Trustees, you all are.Executive Council Harcourtbeyond, the in first2018. ever These WIMBIZ programs Summit were and Funmi Roberts, LL.M, FCIArb, FSCArb. 5 WIMBIZ ANNUAL REPORT 2018 MESSAGE FROM THE CHAIRPERSON EXECUTIVE COUNCIL I am delighted, humbled and honoured to be a part of an organisation that recognises the vital role that women play in society and inspires them to do better as professionals whether they are in careers or running their own businesses. This is what WIMBIZ does and has been doing for the last 17 years. At WIMBIZ we implement programs that seek to inspire, empower, connect, and advocate for greater representation of women in leadership positions both in the public and private sector. WIMBIZ now has a contributory associate pool of over 679 accomplished women and more than 9,500 women on its database. We regularly collaborate with credible local and multinational organisations to deliver programs, which have, women since inception. 2018 has been an on aggregate, directly influenced over 107,465 Olubunmi Aboderin Talabi amazingrecord achievements. year for our In organisation: 2018 our sponsorship a season engagement reached its highest levels to date; we hadof firsts, the biggest stretch annual assignments, intake of innovations new Associates and inception. Our WIMBIZ App is now available on iOS as well as Android. Our Roundtable Lunches thusextended far and beyond the Victorialargest attendanceIsland; Ibadan; at our Abuja flagship and Port event Harcourt the WIMBIZ to reach Annual Ikeja; Conferencethe Grand Bonny since States. Our induction ceremony to welcome new campaign to encourage political consciousness AssociatesKingdom and into Accra, WIMBIZ Ghana took for placethe first not time. only Thein Bigamongst Sister women.Program Finally, was taken we started to Ogun an and Executive Rivers Lagos, but Abuja and Port Harcourt this year for Associates and attendees of WIMBIZ events Conversationsfrom the early yearsplatform have to an make avenue sure to meetthat andthe the first time. exchange ideas with like-minded peers. two took place in Abuja and in Port Harcourt Werespectively. launched Furthermore, regional summits in 2018, this we year, had the a social first In 2018 we did our best to INSPIRE through media campaign to encourage organisations to formulate and enact a sexual harassment policy this year also had several add on features such if they did not already have one. We launched programsas a Speed such Networking as the Annual Breakfast Conference, Session wherewhich our #runvotegetinvolved press releases and participants were taught how to construct their set the groundwork for our social media video elevator pitch and then given the opportunity to 6 WIMBIZ ANNUAL REPORT 2018 our programs, are achievable because of solid, In addition, at the 2018 conference WIMBIZ constant, team work involving an unimaginable meetenhanced 15-20 its people online in livestreama pre-defined component time frame. to amount of time dedicated to planning, preparing, make it fully interactive. Our online conference delegates were able to ask questions in real concepts, bringing them to life, making sure they time; give session feedback and participate in fineare meaningful tuning and and, then in executing many instances, all of our even viable life- changing. The 2018 Female Achievers Award focused on allWomen the plenaries in the Military for the and first our time Impact in ourInvestment history. I thank our volunteers, staff and Executive successful legacy of those who have gone before Competition Winners were selected from the Councilus and workingfor working passionately together to to make build 2018 on the HealthIn 2018 Care we Industry.did our best to EMPOWER through best year for WIMBIZ yet! a star-studded faculty assembled for the Masterclass on Leadership; through the ever I want to take the time to thank the Executive popular and always oversubscribed Annual at the University of Jos this year and through CouncilPeterside Members and Bimbola who completed Wright. Ladies, their yourtenures work in Mentoring Program; through WIWIC which held Quarterethic, passion 4 of 2017 and andwisdom in 2018: make Bunmi you valuable Oke, Taba to owners, which expanded beyond Lagos for the any team. You are much appreciated. WIMCAP, a 2-day training session for SME Port Harcourt. I also welcome the new members of the Executive first time, to reach entrepreneurs in Abuja and In 2018 we did our best to CONNECT our Associates with each other and with those CouncilAjumogobia. who Furthermore,came on board I wantin 2018 to giveFoluso a outside their day-to-day acquaintance, through Gbadamosi,special mention Audrey to formerJoe-Ezigbo WIMBIZ and ExecutiveAwuneba through extraordinary channels such as the regularMentoring channels Breakfast such Meeting as our with Book Indra Club, Nooyi and Council Chairperson Aishah Ahmad who became confirmed and resumed as a Deputy Governor Finally, we did our best to ADVOCATE for more of the Central Bank of Nigeria, and WIMBIZ thewomen erstwhile in leadership Chairman positions and andCEO for of innovative PepsiCo. Executivethe Nigerian Council Gas Association, Member Audreyboth in 2018.Joe-Ezigbo investments in people through WIMBOARD; who became the first ever female president of I sincerely appreciate our Board of Trustees, the WIMPOL;Dialogue organised our CEO/Policy by UN Women. Maker Interactive Forum, and by participating in a Consultative FoundersTrustees; Mrsand Bola vision Adesola; keepers Mrs of Ibukun WIMBIZ: Awosika; Mrs We are delighted that the Deloitte Women In Funmi Roberts, the Chairman of the Board of The Boardroom 2018 Report recognised the Desalu; Mrs Ifeoma Idigbe; Mrs Ifeyinwa Ighodalo; role of WIMBIZ and cited the initiatives of our MrsDr Omobola Adeola Azeez; Johnson; Miss Mrs Mairo Julia Bashir; Oku Jacks; Mrs Morin Miss organisation in “[assisting] female entrepreneurs Toyin Olawoye; Mrs Yewande Zaccheaus and Mr and [increasing] the presence of women on company boards and management teams”. enhance the concepts and make sure that we WIMBIZ is also pleased to be a part of the Female Chichideliver Okonjo. the best They possible watch outcome. over all the planning, Representation on Corporate Boards in Nigeria Report prepared in conjunction with the International released this year by DCSL and Onprograms, behalf ofI saythe Executivethank you Council, to our Associates, Trustees, StaffSponsors and andall Partners.the beneficiaries May 2019 ofbe WIMBIZan even Financequantum andCorporation the depth ofand each the and Instituteevery one of greater year. Thank you. Directors’ Centre for Corporate Governance. The 7 WIMBIZ ANNUAL REPORT 2018 MESSAGE FROM THE EXECUTIVE DIRECTOR Hansatu Adegbite an organisational capacity. We
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