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Alcatel-Lucent Bags Best Use of CSR in HR Award

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Alcatel-Lucent in Nigeria has been selected by CareerNation for its Africa Human Resources Excellence Awards, to receive the prize and recognition for “The Best Use of Corporate Social Responsibility in HR” Award category for the year 2013.

This award is given to the organization which achieves outstanding results in CSR and HR.

On Saturday, 28 September, Alcatel-Lucent received the award in Accra, Ghana, during the 5th annual CareerNation@ Africa Human Resource Conference & Excellence Awards.

Victor T. Madubuko, PHR managing partner at CareerNation: “CareerNation selected Alcatel-Lucent as it has undertaken the risks of innovation, served as a pioneer in the field, and has contributed to human resources development in Africa. The company and its employees succeeded in overcoming challenges and clearly came out as a key strategic partner not only grasping the company’s vision and mission, but also contributing to them.”

This is an award given for the company’s achievements in terms of employee engagement, innovative programs in education and technological fields and for a strong contribution in the community, to help bridge the digital divide.

Hatim Zougari, country manager of Alcatel-Lucent Nigeria said: “This is the first time we have entered this Award, this success is a result of joint effort between our employees and management, our Foundation and community partners, thanks to everyone for helping make our company’s CSR vision a reality.” He then added: “These programs will help provide these youth with a head-start towards an independent life with the professional skills necessary to succeed in a globalized world.”

Adebimpe Ayo Elias, HR director of Alcatel-Lucent in Nigeria: “It is a true and strong testament of Alcatel-Lucent Nigeria’s commitment to employee engagement. Our company’s engagement is measured by our employees’ commitment, their contribution, their enthusiasm, dedication and willingness to go above and beyond for their organization and their community.”

Issa Eid, HR leader for Middle East, Turkey and Africa said: “A great win by an amazing team in Nigeria. An effort well recognized by the engaged and committed talent we have in the country, going above and beyond their call of duty to support their communities. The Alcatel-Lucent Foundation made this win possible, to provide an arena of contribution and support, to prepare the next generation of talent in the country. We will continue to focus on social activities in Nigeria and the region, with the support of management and our energetic employee base!”

Bishalakhi Ghosh, Director of Alcatel-Lucent Foundation said: “One of the focus areas of the Alcatel-Lucent Foundation is on programs that help youth from disadvantaged communities have access to training helping them prepare for life, the business world and the future. The success of these programs is mainly the result of team work and our employee’s contribution and commitment. It is a true example of a corporate CSR vision by helping youth to become leaders in tomorrow’s world.”

Alcatel-Lucent in Nigeria has been selected mainly for its active participation into two major programmes: sponsorship of Entrepreneurial Training and Mentorship Programme with selected beneficiaries in Partnership with SOS Children Villages – with the support of the Alcatel-Lucent Foundation, who granted funds to support this CSR initiative in Nigeria.

Purpose of this program is to support 20 young adults in learning entrepreneurial, leadership and life skills that will help them face day-to-day challenges and give them a jump start into the world of work.

During the program, the group will develop the attitude, behaviour, confidence and skills needed to take responsibility for building their own futures and to become successful and contributing members of society.

Today Alcatel-Lucent has 24 active volunteers mentoring and following up agreed action plans and the progress of these beneficiaries.

The second is the G-NeX-Capability Development Programme with University of Lagos – Alcatel-Lucent’s employees volunteered and participated into this program for a period of 12 weeks of professional training and skills.

Nigerians are among the brightest and most innovative people on the planet! Yet there is a noticeable skill gap observed in young graduates especially on the knowledge and experience that today’s private sector demands.

Re-directing the resourcefulness within the universities through professional training is the key to unlocking the potentials and growing a firm human resource base for Nigeria’s technological development and indeed Africa.

Alcatel-Lucent in Nigeria, as an organization at the forefront of technological innovation, has the capability to bridge this gap and create an adequately skilled pipeline for the technological industry.

Some of the key areas for the partnership include: training, Career talks, Guidance and Mentoring; Professional trainings and certification; Internship programs for Star performers; Creativity development; access to platforms & learning resources; and Collaboration with institutions to improve study curriculum.

On 3rd May, 2013, the session formally kicked off, while the official grand opening was held on 11th of May 2013.

Over 200 Students registered and participated in the programme, inclusive of non-engineering students who have a passion for the technological world. The twelve (12) weeks curriculum ended on 13th July 2013 and was completed with commiserate practical session’s impact to knowledge transfer! The 12 weeks program is only the first phase of the G-NeX program as several phases are planned.

It was truly a period of exposition and all round fun as our employees and management not only built intellectual capacities but also an enduring relationship. This programme was driven by Alcatel-Lucent Nigeria employees (Volunteers) in conjunction with Alcatel-Lucent’s University. Both contributors are passionate about knowledge transfer and capability development for the younger generation.

The Alcatel-Lucent G-NeX program is intending to reduce the gap in the technological know-how, between the theory in the universities and the real life in the field, as requested by the industries. Today Alcatel-Lucent in Nigeria is working on a roll out plan across Nigerian Universities that will help build the future generation. Discussions are ongoing with the University of Port Harcourt, which will be the next step.

Alcatel-Lucent focuses on helping communities where its employees live and operate. Its prime mission is to respond to today’s global challenge of digital inclusion and sustainability, focusing on providing innovative programs for underserved communities across the world that enable youth, to access educational and life skills programs. We believe we can make a difference by helping youth contribute as citizens and community leaders in tomorrow’s global digital world.


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FBNQuest Asset Management Wins Asset Management Award at BusinessDay Banks & Other Financial Institutions Awards

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FBNQuest Asset Management, an investment management firm in Nigeria and a subsidiary of FBN Holdings Plc., is proud to announce that it has been honoured with the prestigious Excellence in Asset Management Award at the recent BusinessDay Banks and Other Financial Institutions Awards.

This recognition highlights FBNQuest Asset Management’s unwavering commitment to delivering exceptional investment solutions and fostering financial growth for its clients.

The award ceremony, celebrated the outstanding achievements of financial institutions across Nigeria, highlighting those that have demonstrated innovation, excellence, and unwavering commitment to quality service.

“We are immensely proud to receive this award, which reflects our dedication to excellence and our focus on creating value for our clients,” stated Ike Onyia, Managing Director, FBNQuest Asset Management. “This achievement is a testament to the hard work and expertise of our team, as well as the trust our clients place in us. We will continue to strive for excellence in all that we do.”

FBNQuest Asset Management offers a range of investment solutions, including mutual funds, discretionary portfolio management, and alternative investments, tailored to meet the diverse needs of its clients.

The firm remains committed to maintaining the highest standards of integrity and professionalism in the asset management industry.

The BusinessDay Banks and Other Financial Institutions Awards are recognized as one of the most prestigious accolades in the financial sector, honouring organisations that excel in performance, innovation, and customer service.

 


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FG Launches Amnesty to Allow Deposits of Forex outside Banking System

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Federal government has unveiled a new policy for Nigerians to deposit dollar bills held outside the formal banking system without scrutiny.

FG Launches Amnesty to Allow Deposits of Forex outside Banking System

Nigerians have nine-month deadline to do this according to Wale Edun, minister of Finance and coordinating minister of the Economy.

Edun who spoke after the Thursday’s National Economic Council (NEC) meeting in Abuja, said that “there will be no penalty; there will be no taxes, and there will be no questions.”

“There is going to be a release today, details by the federal government through the Ministry of Finance, in conjunction with the Central Bank, a programme, starting today, 31st of October, and lasting nine months, that will allow people to bring in cash that is outside the banking system.

“So therefore it is unsafe, it is unsecure and it is outside of legal limits. They will allowed forbearance to bring dollars cash. Let me emphasize once again, it is to bring dollars that they are holding outside the system to be able to bring them in and credit it to their bank accounts, as long as it is not proceeds of crime, illicit money.

“They just meet the normal ‘Know Your Customer’ criteria of banks and they have an opportunity to bring in those funds, make them safe, make them secure, and make them available through normal, economic activity.”

The minister also stated that 25 million Nigerians have benefitted from federal social protection initiatives, including digital outreach, microenterprise loans, and sector-specific support for power, agriculture, manufacturing, health, and compressed natural gas initiatives.

 

 

 

 

 

 

 


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NAICOM Sacks African Alliance Insurance Board

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The National Insurance Commission, (NAICOM), on Wednesday, sacked the board of African Alliance Insurance Plc with effect from October 30, 2024.

The Commissioner for Insurance, Mr. Segun Omosehin, disclosed this during a press conference in its Lagos office, that an interim board and management have be appointed.

The new interim board are: Dr Haruna Mustafar, a former director at Central Bank of Nigeria; Anthony Achebe – Non-Executive and Haj. Halimatu M. Khabeeb – Non-Executive Director.

The management team is led by former Managing Director of International Energy Insurance and Cornerstone Insurance Plc, Jacob Erabor, as Managing Director/ CEO; Wasiu Amao – Executive Director, Technical and Ms. Oremeyi Longe – Executive Director, Finance.

He noted that the interim management has up to one year to turn around the company.

He said the decision follows an extensive monitoring and review of the company’s financial condition, governance, and operational practices, which revealed significant concerns regarding its ability to continue operating in a safe and sound manner which has for some time now generated a lot of uncertainty over claims settlement and payment to annuitants under the company.

The Interim Management Board, according to him will oversee the company’s operations, ensure compliance with regulatory requirements, and implement necessary reforms.

While noting that the Commission will work closely with all stakeholders, including annuitants, policyholders, employees, and investors, to minimise disruption and ensure continuity.

”The objective of this takeover is to protect the interests of African Alliance Insurance Plc’s annuitants, policyholders, other stakeholders, and the broader insurance industry while ensuring the company’s return to stability and compliance.

“The Commission is committed to maintaining the stability and integrity of the Nigerian insurance industry. Our actions today demonstrate our resolve to address concerns and protect the annuitants, policyholders and public interest.”

 


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