Tetra Pak appoints Oshiokamele Aruna as first ever Nigerian Managing Director

Tetra Pak New MD Pix 1.jpgTetra Pak West Africa has confirmed the appointment of Oshiokamele Aruna as the new Managing Director of the company. The appointment of Mr. Aruna, makes him the first Nigerian to attain this position in the history of Tetra Pak, the world’s leading processing and packaging solutions provider.
 
“My ambition is to reinforce Tetra Pak’s leadership in West Africa, and support our partners and customers in their respective projects. West Africa has a great development potential and I’m glad to become more involved in my native region.” Confirmed the new MD.
 
Tawfiq Agoumi, Communications Director North & West Africa pointed out this appointment as «a reflection of Mr Aruna’s impeccable pedigree and competence, and confirms the strategic importance of the Nigerian market, one of the most dynamic in the Middle East and Africa region”.
 
Mr. Aruna, a graduate of Chemical Engineering is also a Chartered Accountant. He has attended various courses in top management schools including IMD in Switzerland.  He has over 18 years’ work experience spanning various senior management roles including Tetra Pak West Africa, a company that he joined in 2005. His last position was Finance Director from 2011 until his recent appointment.
 
 
ABOUT TETRA PAK
Tetra Pak is the world’s leading food processing and packaging solutions company. Working closely with our customers and suppliers, we provide safe, innovative and environmentally sound products that each day meet the needs of hundreds of millions of people in more than 170 countries around the world.  With more than 23,000 employees based in over 85 countries, we believe in responsible industry leadership and a sustainable approach to business.  Our motto, “PROTECTS WHAT’S GOOD™,” reflects our vision to make food safe and available, everywhere.
More information about Tetra Pak is available at Tetra Pak processing and packaging solutions for food and beverages
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GTBank Sponsors Nigeria’s Kid Inventors to Global Innovation Challenge

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Four junior secondary school students in Nigeria have created a mobile app that could revolutionise agriculture globally. Sponsored by Guaranty Trust Bank plc, they are on the verge of making history at the globally renowned Conrad Challenge Annual Innovation Summit in Florida, USA.

 

Aged between 12 and 14, Mordi Menashi, Gbemi Famobiwo, Afolabi Williams and Osagumwenro Ugbo, all from Whitesands School Lagos and known together as Team Neon, created a VirtualFarm Application which helps farmers manage their farm and connect with their target markets. With its innovation, the team entered the Conrad Challenge, which encourages high school students to develop cutting-edge solutions to real-world problems in the areas of Aviation, Cyber Technology, Environment and Health, amongst others.

 

Competing in the ‘Smoke-Free World’ category, Nigeria’s Team Neon made it to the final stage of the competition, which will be held during the 2018 Spirit of Innovation Summit at the Kennedy Space Centre, from the 25th to 28th April, 2018. “Improving extension services in rural Africa is a critical step for any agricultural change and Team Neon makes a good case for how the VirtualFarm technology will work,” said the Judges of the Challenge. This is the first time that African farmers will have access to the package, which has a range of technical advice, [and] with the USSD version of the app, it would be a win-win for the team.

 

Inspired by the team’s outstanding young talents and driven by its passion for innovation, leading African bank, Guaranty Trust Bank plc, is sponsoring the young innovators to the finale of the Conrad Challenge. The Bank’s sponsorship includes, among other benefits, the total coverage of the team’s travel and stay in America.

 

Guaranty Trust Bank plc has consistently played a leading role in Africa’s banking industry and is regarded by industry watchers as one of Africa’s most innovative financial institutions. The Bank also maintains an active and clearly defined Corporate Social Responsibility policy, which is focused on promoting education for all, fostering community development, promoting arts and protecting the environment.

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GTBank Announces Full Year 2017 PBT of N200.24Billion

Guaranty_Trust_BankThe foremost financial institutional Bank, Guaranty Trust Bank plc has released its audited financial results for the year ended December 31, 2017 to the Nigerian and London Stock Exchanges.

A review of the results shows positive performance across all financial indices, reaffirming the Bank’s position as one of the most profitable and well managed financial institutions in Nigeria. Gross earnings for the year grew by 1.1% to ₦419.2billion from ₦414.6billion reported in the December 2016; driven primarily by growth in interest income as well as e-payment revenues. Profit before tax stood at ₦200.2billion, representing a growth of 21.3% over ₦165.1billion recorded in the corresponding year ended December 2016. The Bank’s loan book dipped by 8.9% from ₦1.590trillion recorded as at December 2016 to ₦1.449trillion in December 2017 while customer deposits increased by 3.8% to ₦2.062trillion from ₦1.986trillion in December 2016.

The Bank’s balance sheet remained strong with a 3.9% growth in Total Assets and Contingents as the Bank closed the year ended December 2017 with Total Assets and Contingents of ₦3.845trillion and Shareholders’ Funds of ₦625.2Billion. In terms of Assets quality, NPL ratio increased to 7.7% in December 2017 from 3.7% in December 2016 largely as a result of classification of a single exposure within the Nigerian Telecommunications Industry. However, non-performing loans would moderate to 4.6%, which is below regulatory threshold, if we exclude this name from NPL ratio computation. Overall, asset quality remains stable with adequate coverage of 119.6%, while Capital remains strong with CAR of 25.7%. On the backdrop of this result, Return on Equity (ROAE) and Return on Assets (ROAA) closed at 35.4% and 6.2% respectively. The Bank is proposing a final dividend of 240k per unit of ordinary share held by shareholders in addition to interim dividend of 30k per unit of ordinary share bringing total dividend for 2017 financial year to ₦2.70 per unit of ordinary share.

Commenting on the financial results, the Managing Director/CEO of Guaranty Trust Bank plc, Mr. Segun Agbaje, said; “2017 was a pivotal year for the bank. We delivered a strong result in a challenging environment; achieving record growth in earnings, carefully managing cost margins and leveraging our digital-first customer-centric strategy to deliver world-class services that are simple, cheap and easily accessible.”

He further stated that “The result demonstrates the fundamental strength of our franchise as well as the progress we are making in transforming our organization into a platform on which our customers could build their businesses, connect with their consumers and access all the resources that they need to make their lives better.”

GTBank has continued to report the best financial ratios for a Financial Institution in the industry as revealed by its return on equity (ROE) of 35.4% and cost to income ratio of 38.1% evidencing the efficient management of assets and operational efficiency. Overall, the Bank has enshrined its position as a clear leader in the industry. In recognition of its innovation and hard work, the Bank received over 20 international awards in 2017.

 

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Olashore International receives 2018 Africa Top Schools CEO Award

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The School Principal, Mr Derek Smith

The Principal and Chief Executive Officer of Olashore International School, Iloko Ijesa, Mr. Derek Smith has received the 2018 Outstanding Schools CEO Awards by Africa Brands Review.

The award was presented at the 2018 Africa Top Schools conference which held in Lagos.

One of the key criteria for the award is that the school must have an excellent track record of producing first class degree students in top ranked universities globally and must have produced same in the last five years.

At Olashore, in line with its mission statement, each student is given a strong academic foundation and they are groomed to become dynamic global leaders for the 21st century. Graduates have gone on to study in top universities locally and internationally. In 2017, the school produced a number of first class graduates among who are Chinazo Peace Eze, Abdul Hafiz Alako, Oluwatobi  Agbaje and Oluwatunmike Olowe.

The School Library

Chinazo Peace Eze graduated from the University of Louisiana at Lafayette with a first class degree in Geology and is also the school’s 2017 Outstanding Graduate. Abdul Hafiz Alako graduated with a first class degree in Mechatronic Engineering from Lancaster University in the U.K. and is the recipient of the Institution of Mechanical Engineering (IMechE) Best Project Award in Mechatronics Engineering. Oluwatobi  Agbaje also graduated from Lancaster University with a first class in Accounting and Finance. In Nigeria, Oluwatunmike Olowe graduated with a first class from Redeemers University, Ede.

Commenting on the award, Mr. Smith said, “This is a validation of the school’s commitment to giving each student an all-round education that allows them to go on to be successful in higher education both in Nigeria and abroad.”

The Chairman, Board of Director, Olashore International School, Prince Abimbola Olashore

The performance of a school’s graduates speaks volumes about the school and the quality of education being provided. Not only do Olashore graduates do well in school and higher education, they have gone on to be successful in their careers with many becoming senior managers after just a few years on the job. An example of this is Mrs. Kikelomo Banjo, a pioneer student who is currently Operations Manager for Maersk Line in Nigeria. When asked what led to her success in a traditionally male dominated industry, she stated, “It all comes down to my formative years at Olashore, being taught and allowed to lead at a very young age.” The 2018 Africa Top Schools Awards by Africa Brands Review seeks to celebrate excellence among secondary schools in Africa.

Established in 1994, on 60 acres of land, Olashore International School is a co-educational school which offers high caliber education in a wide range of subjects in partnership with Lancaster University. Over the past 20 years, the school has succeeded in creating a community of world class services around the school including a first class hotel, a golf course and Leadership training centre that all combine to give the school a unique identity. The school is particularly appealing to discerning Nigerians at home and abroad, as well as expatriates residing in Nigeria, who desire a school with a strong value system, demonstrable track record and a clear sense of purpose.

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GTBANK’S YOU READ : Olubayode Reads Aloud for 122 Hours to Promote Reading and Set New Record

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In a bid to reignite the interest in reading across Nigeria and beyond, a 40 year old Nigerian, Olubayode Treasures Olawunmi, , read aloud for 122 hours at a Read Aloud Marathon Session organized by the YouREAD Initiative, a CSR initiative of Guaranty Trust Bank. The Read Aloud Marathon, which had renowned Swiss watchmaker TAG Heuer as the official timekeeper, held from 1:30pm on Monday, February 26th, 2018 to 3:30pm on Saturday, March 3rd at the Herbert Macaulay Library Yaba, which was recently remodeled into a state of the art facility by GTBank.

Olubayode, who read aloud 23 published books within 5 days and 2 hours, set out to achieve a personal goal of reading for 120 hours as well as play for the Guinness World Record. However, any claim to breaking the current World Record of 113 hours and 15 minutes (held by Deepak Sharma Bajaan from Nepal) is subject to confirmation by Guinness World Record in London, after verification of evidence of this attempt, in line with the guidelines set out by the organisation for every record breaking attempt. His challenge for the Guinness World Record however garnered huge public interest, with hundreds of well-wishers visiting him at the Herbert Macaulay Library and thousands more cheering him on across social media platforms.

Speaking on his remarkable feat, Olubayode said; “I would like to thank GTBank first for sponsoring my Guinness World Record attempt, and most importantly, for all the Bank has been doing to support education and promote the culture of reading. I would also like to thank the Governor of Lagos State, Lagos State Officials and Nigerians everywhere, who sent me messages of support physically and across social media; together, we are making reading famous again. I hope that this effort will raise our consciousness on the importance of reading and also help change the narrative that making money and being famous can only come from entertainment and sports. Those two are great, but so too is excelling in education, and hopefully the younger generation will find in my attempt the inspiration to read and study more.”

Commenting on the Read Aloud Marathon, the Managing Director and Chief Executive of GTBank, Segun Agbaje said; “We are proud to have supported Olubayode Treasures Olawunmi’s trial to make history through one of the most positive human activities—reading. His personal commitment to promoting a reading culture will hopefully put Nigeria on the global map as a nation that is passionate about books, it will also serve as a source of inspiration to everyone in the country and beyond to adopt and maintain an active reading culture.”

He further stated that “At GTBank, we are passionate about rekindling the interest of young Nigerians in reading and will continue to create and support innovative ways to promote an active reading culture within and outside the academic environment.”

GTBank is regarded by industry watchers as one of the best run African financial institutions across its subsidiary countries and serves as a role model within the financial service industry due to its bias for world class corporate governance standards, excellent service quality and innovation.

The Bank’s footprints in Corporate Social Responsibility are guided strategically by its decision to operate on four major pillars: Education, Community Development, Arts and the Environment, which it believes are essential building blocks for the society and prerequisites for economic growth and societal development.

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GTBANK’S YOU READ INITIATIVE: Olubayode Bids for Guinness World Record after 122 hours Read Aloud Marathon

file1-1After taking a giant step in reading for 122 hours at a Read Aloud Marathon Session organized by the GTBank’s “YouREAD Initiative”, a 40 years old Nigerian, Olubayode Treasures Olawunmi, is bidding for a Guinness World Record having read 6 more books and approximately 9 hours longer than the current world record holder

“YouREAD Initiative”, is a CSR initiative of Guaranty Trust Bank which seeks to reignite the interest in reading across Nigeria and beyond.

Olubayode Treasures read aloud 23 published books from 1;30pm on Monday February 26th, 2018 to 3:30pm on Saturday March 3rd at the Herbert Macaulay Library, Yaba, which was recently remodelled into state of the art facility by GTBank. The Read Aloud Marathon, which had renowned Swiss watchmaker TAG Heuer as as the official timekeeper, will be will be sent to the offices of the Guiness World Record in London who will confirm is Olubayode has broken the record for the Longest Marathon Read Aloud.

Since 2008, Deepak Sharma Bajaan, from Nepal, has held the Guinness World Record for the Longest Marathon Read Aloud after he read a total of 17 books in 113 hours and 15 minutes. Now, Olubayode is taking a shot at breaking the world record having read 6 more books and approximately 9 hours longer than the current world record holder. His challenge for the Guinness World Record garnered huge public interest, with hundreds of well wishers visiting him at the Herbert Macaulay Library and thousands more cheering him on across social media platforms.

Speaking on his remarkable feat, Olubayode said; “I would like to thank GTBank first for sponsoring my Guinness World Record attempt, and most importantly, for all the Bank has been doing to support education and promote the culture of reading. I would also like to thank Nigerians everywhere who sent me messages of support physically and across social media; together, we are making reading famous again. I hope that this effort will raise our consciousness on the importance of reading and also help change the narrative that making money and being famous can only come from entertainment and sports. Those two are great, but so too is excelling in education, and hopefully the younger generation will find in my Guinness World Record attempt the inspiration to read and study more.”

file-1Commenting on Olubayode’s Guiness World Record attempt, the Managing Director and Chief Executive of GTBank, Segun Agbaje said; “ We are proud to have sponsored Olubayode Treasures Olawunmi’s brave attempt to make history through one of the most positive human activities—reading. His stunning feat will not only put Nigeria on the global map as a nation that is passionate about books, it will also serve as a source of inspiration to everyone in the country and beyond to adopt and maintain an active reading culture.”

He further stated that “At GTBank, we are passionate about rekindling the interest of young Nigerians in reading and will continue to create and support innovate ways to promote an active reading culture within and outside the academic environment.”

GTBank is regarded by industry watchers as one of the best run African financial institutions across its subsidiary countries and serves as a role model within the financial service industry due to its bias for world class corporate governance standards, excellent service quality and innovation.

The Bank’s footprints in Corporate Social Responsibility are guided strategically by its decision to operate on four major pillars: Education, Community Development, Arts and the Environment, which it believes are essential building blocks for the society and prerequisites for economic growth and societal development.

 

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Jsp and African Blind Foundation launch Food &Love program at Blind School

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JSP Communications, one of Nigerian’s leading Public Relations agencies has teamed up with the African Blind & Restoration Foundation to commence a long term food support program for the Bethesda Home of the Blind, Mushin, Lagos.

The program was specially launched in February, the month of love. The first round of food supplies was formally presented to the blind school at a well attended ceremony.

Under the Food & Love Program, JSP will arrange a steady supply of essential foods through the African Blind Foundation to the Bethesda Home of the Blind at periodic intervals. This will ensure the food and nourishment needs of the blind students in the school, are met to a large extent.

Speaking at the food presentation event, JSP Executive Director, Ronke Adebule stated that, there could be no better time than now to make this love offering. We are highly impressed that the blind students at Bethsaida have approached life with great faith, confidence and optimism despite their obvious challenges.

Steve Ajayi, the Programs Manager of the African Blind and Restoration Foundation pointed out that the Foundation has remained in the forefront of providing moral, educational financial and vocational support to Nigerians living with blindness.

The Foundation Advisory Board member Mr Michael Fadeyi explained that: “We are starting this love and food program at Bethsaida blind school because of the huge needs here. We plan to extend the program to other Centres for the blind. We hope more good hearted Nigerians and organizations will emulate Jsp and join us in this campaign and give concrete support and hope to the blind and needy.”

The Founder and Administrator of Bethesda Home of The Blind, Mrs Chioma Ohakwe applauded both organizations for their support and encouragement.

She remarked that the African Blind Foundation are not just paying lip service to helping the blind. They just don’t talk. They are taking specific actions. We are most delighted and grateful that the Foundation chose our Centre to launch this great initiative of food and love. The Foundation has provided us in the past with essential school supplies and also offered university scholarships to some of our students.”

Chioma used the occasion to announce that some of their students recently gained admission into top universities in Nigeria.

The Bethesda Home of the Blind (BHB) is a voluntary and non-profit making boarding school for the visually-impaired in the society. It focuses on providing specialized secondary school education for young blind students, preparing them for the JAMB exams and helping to get them into universities.

The students are also offered other vocational skills, home management skills and motivational life lessons, to give them all round preparations for life. Chioma added that, “it gladdens our hearts that the African Blind Foundation is not just touch and go. Their long term food support and consistency is vital for our long term survival. “

 

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