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Governor Mohammed Lauds CIBN for Donating 160-Seater Lecture Theatre to ABTU
The Governor Bauchi State, Senator Bala Mohammed has commended the Chartered Institute of Bankers of Nigeria for donating a 160-Seater lecture theatre at the Abubakar Tafawa Balewa University Bauchi, ATBU.
Governor (Sen) Mohammed made the statement while receiving the CIBN team led by Dr. Bayo Olugbemi, President/Chairman of Council who paid him a courtesy visit, at the office of the Governor, Bauchi State.
The Governor Bala applauded the efforts of the institute and indeed the banking industry for its various contributions to the development of the state, especially in helping its government in revenue drive for the state. He added that his administration will continue to support the institution’s activities.
The Governor said that his administration will collaborate with the Chartered Institute of Bankers of Nigeria (CIBN) on capacity building for its relevant workforce in the state.
According to Governor Mohammed, ‘the Bauchi State is one of the peaceful states in the north-east of the country’. “Also, the government of Bauchi State will be willing to share our own experiences dealing with governance at both the state and the local levels.
“So, we will extend the hand of any relationship with the CIBN in exploiting their judiciary and collaboration to organize training and workshops on issues of mutual concern
Earlier in his remarks, the CIBN President, Dr. Bayo Olugbemi said “We thank you for giving us the opportunity to have this audience with you today while we commend your laudable achievements, especially in the areas including Road Infrastructure, Transportation, Energy, Natural Resources, Youth Empowerment programmes and several other developmental projects as well as Social Investment Programmes across the State.
He also appreciated the Bauchi State Government for its support to the banking industry by way of efficient and effective security system which has provided enabling environment for the Banking and finance industry to thrive in the State.
Dr. Olugbemi further explained that the Institute is in the state for very auspicious reason and as part of its developmental programmes resolved to institute Learning Legacy Projects in higher Institutions in Nigeria with a view to deepening the study of banking and finance and to address the gap between the industry and the academia.
To kick start the process, in addition to reviewing the Institute’s Banking Professional Examinations Syllabi, the Institute at the first phase is bequeathing a 160-Seater ultra-modern lecturer theatre, fully furnished with modern ICT infrastructure, to six (6) higher institutions in Nigeria, one in each geo-political zone. The beneficiary institution in the North-East Zone is Abubakar Tafawa Balewa University, (ATBU) Bauchi, he said.
Dr. Olugbemi said ‘I am happy to inform you that we are just returning from the groundbreaking Ceremony, and we shall be inviting Your Excellency for the commissioning of the edifice very soon as the project is scheduled to be completed in sixteen (16) weeks.
CIBN President told the Governor the CIBN’s readiness to collaborate with the Government in organizing an Annual Seminar for Judges on Banking and Allied Matters for the Bauchi State Judiciary.
According to him, CIBN would leverage on its over 20years experience of running a similar Programme for all the judges in the Country in collaboration with the National Judicial Institute.
He further said that the Institute would be most willing to partner with the relevant ministries of the state government to enhance the capacity of their personnel in the area of banking and finance.
He also said that the Bauchi state should take advantage of the numerous experienced professionals in the Banking industry that can help handle various projects and initiatives of Bauchi State Government while the Institute will be readily avail the Government nominations for such assignments.
Dr. Olugbemi also pleaded with the Governor to support for the proposed amendment of the CIBN Act No. 5 of 2007 when presented to the National Assembly as well as encouraged Bauchi State government to absorb Banking and Finance graduates/ACIB qualification holders into the State Civil Service in view of the immense value they will bring into public service.
Adedapo Segun, chief financial officer (CFO), Nigerian National Petroleum Company Limited (NNPC), has explained why there is a missing sum of N210 trillion in the company’s audited financial statement spanning from 2017 to 2023.
According to Segun, the missing funds are cash calls requested by joint venture (JV) partners and settlement to the JVs.
He spokeat a session of the Senate Committee on Public Accounts chaired by Aliyu Wadada.
Segun was responding to an alarm raised by the committee over missing N210 trillion in NNPCL’s audited financial statement.
Recall that Wadada issued a one-week ultimatum to NNPCL to account for the missing N210 trillion.
Reacting, Segun said, “The N103 trillion and N107 trillion are made up of joint venture cash calls that have been requested by the JV operators and JV cash call payments made by NNPCL, which are yet to be reconciled because governance procedures were not done at that time.
“That is why you see the description reflecting those two items would be washed out because they are two sides of the same transaction, which is the cash calls by JV partners and the settlement by NNPCL.”
However, Habu Sadeik, a financial analyst, in a post on X on Thursday, said Segun’s response was unsatisfactory.
Saidik faulted NNPCL’s response about the fund discrepancies, noting that something is not right with the audited financial statement.
“Forget about the senators’ lack of knowledge.
“The CFO’s response is not satisfactory. Are you saying that cash calls worth hundreds of trillions are just appearing on your FS only in 2024 without 31 disclosure?
“If it’s a cash call, why hasn’t the disclosure said so?
“Which cash call is over 100 trillion?
“Something is definitely not right, and I hope they retrospectively correct that FS.
“Someone somewhere did a chef’s work,” he wrote on X.
PalmPay, Nigeria’s leading fintech company, has partnered with Globacom to launch the second edition of the “Recharge and Win Bonanza” campaign. The promotion, which runs from June 19th to August 8th, 2025, offers Nigerians the chance to win amazing prizes when they purchase Glo airtime and data via the PalmPay app.
According to a joint statement by PalmPay and Globacom, “A weekly live raffle draw will be held and streamed on PalmPay’s official social media channels throughout the campaign. Customers who make Glo transactions through the PalmPay app will be eligible to win prizes, including the iPhone 15 Pro, Infinix Hot 40, and other exciting items”.
To participate, interested customers can log onto http://bit.ly/PalmPaySms .
The statement added that all transaction above N500 gives participants an extra shot at winning, adding that daily social media challenges will also offer participants a chance to win cash prizes.
Additionally, PalmPay users can enjoy up to 6% cashback when they buy Glo airtime and data through the PalmPay app. As an added bonus, customers who have not subscribed to a Glo data plan in the last 90 days will receive a 100% bonus on their recharge during the campaign period.
Wayne Ruppel, Head of Billers at PalmPay Limited expressed excitement about the partnership, stating that, “This collaboration is a major step in our mission to deliver MORE – more support, more rewards, and more innovation to our customers.
Partnering with Glo, a leader in the telecommunications sector, is a testament to our shared commitment to improving everyday experiences for all Nigerians. We are excited to reward our users and encourage everyone to take full advantage of this exciting opportunity.
Globacom also expressed delight at creating additional value for its subscribers through unique customer-appreciation schemes.
“Our partnership with PalmPay on the “Recharge and Win Bonanza perfectly underscores our commitment to delivering exceptional value and experiences. Over the years, we have always sought innovative ways to enrich the lives of our customers. We, therefore, enjoin our subscribers to utilize the opportunity provided by the bonanza and enjoy the many benefits it offers”, the company stated.
PalmPay and Glo will collaborate throughout the campaign period to deliver exceptional customer experience, reward loyalty, and reinforce their shared mission to make digital transactions more accessible, rewarding, and secure for millions of Nigerians.
Lasaco Assurance Plc, has said it would continue to invest in technologies and systems that delivers tangible value to clients and drive industry innovation.
Mr Abiodun Razzaq, Managing Director of Lasaco Assurance, who stated this at the 2025 customer forum organised by the company for its northern region customers in Abuja, said the forum’s interactive session offered an invaluable platform for open and constructive dialogue.
He said the forum brought together a distinguished assembly of customers, including policyholders, brokers, corporate clients, and industry partners, to engage in a robust dialogue aimed at enhancing service delivery and aligning offerings with the evolving expectations of the Northern market.
In his opening remarks, Regional Manager (Northern Region), Lasaco Assurance, Mr. Kunle Hamza underscored the company’s unwavering dedication to stakeholder engagement as a foundational pillar of its growth strategy. He emphazised that customer insights remain integral to shaping policies, refining service processes, and reinforcing the company’s brand promise.
He provided a compelling overview of Lasaco assurance’s recent performance and strategic priorities. He highlighted the company’s consistent premium income growth, bold digital transformation agenda, and ongoing operational restructuring designed to ensure responsiveness and resilience in a dynamic insurance landscape.
Addressing the customers, Mr. Adedayo Adetokun, Head of Strategy, affirmed that Lasaco assurance was actively developing multiple digital platforms to cater forvarious customer segments—part of a broader digital innovation roadmap that positions the company for future growth. He noted that human capital development was also being prioritised with targeted investments in talent acquisition and training to enhance operational capacity.
In his closing remarks, Mr. Muyiwa Anwoju, General Manager, Sales, expressed the management’s deep appreciation for the feedback received.
He assured participants that all contributions would be meticulously reviewed, categorised, and integrated into the company’s improvement plans. According to Anwoju, this forum marks the beginning of a renewed customer engagement framework, one that would be expanded across other regions in due course.
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