E-Financial
Sterling Bank Carries Out Environmental Cleaning Exercises in 23 States Across Nigeria.
As part of its commitment to create a cleaner and safer environment for the citizenry and aquatic life under its Corporate Social Responsibility (CSR) initiative known as Sterling Bank Environmental Makeover (STEM), Sterling Bank Plc has recently carried out environmental cleaning exercises in 23 states across Nigeria.
L-R: Executive Director, Commercial and Institutional Banking, Sterling Bank, Mr. Tunde Adeola, Chief Executive Officer, Sterling One Foundation, Olapeju Ibekwe, Odenusi Olawale, Digital Marketing Communications Lead, Rite Foods, Chief Olumide Ilumo Oniru, Olopon of Iru Kingdom & the Otunba of Ilashe, General Manager, Corporate and Investment Banking, Sterling Bank, Mrs. Mojisola Bakare during a cleaning exercise at Oniru Beach to mark the World Recycling Day in Lagos recently.
The cleaning up exercises involved cleaning of markets, roads and beaches to commemorate the World Recycling Day, which held recently in every country in the world.
The exercises were simultaneously held in Ogun, Oyo, Osun, Kwara, Ondo, Ekiti, Kano, Jigawa, Kaduna, Abuja, Delta, Anambra, Edo, Abia, Imo, Rivers, Bayelsa, Akwa-Ibom, Gombe, Bauchi, Plateau, Katsina and Lagos.
More than 1,000 participated in the clean-up exercises; including staff of Sterling Bank and volunteers. In Lagos, it was executed in partnership with the Oniru Kingdom, Rite Foods, First Exploration and Petroleum Development Company, Bonnie Bio, Sterling One Foundation, Lagos State Waste Management Authority (LAWMA), African Clean Up Initiative and Lagos State Environmental Protection Agency (LASEPA).
Speaking at the beach cleaning exercise at Oniru Beach, Lagos, Mr. Abubakar Suleiman, managing director and CEO of Sterling Bank, said the bank embarked on cleaning exercises in 21 states out of the 24 states it is partnering with across the country.
The CEO who was represented by Mr. Tunde Adeola, executive director of Commercial and Institutional Banking at Sterling Bank remarked that, “We have been on this journey for more than 10 years. Every time, this happens, we have a cleaner and healthier environment.”
He said, “Sterling Bank is well positioned to do this,” adding that in the last two years, the bank has received recognition and awards for the initiative. According to him, Sterling Bank is also in the forefront of tourism in Lagos State.
Also speaking, Mrs. Mojisola Bakare, general manager, Corporate and Investment Banking with Sterling Bank said, “Sterling Bank is about impactful banking”, noting they believe that there is no way they will live on this earth without impacting on the environment, adding that for that reason, they have what is called the HEART of Sterling because they have strategically decided that they are going to impact specific areas of growth in the economy.
She said the HEART of Sterling stands for Health, Education, Agriculture, Renewable Energy and Transportation, adding that the head office in Marina, Lagos is being fitted with solar panels and soon it will be sustainably powered by the sun.
“It is very important that we take responsibility for our actions on the environment and preserve its beauty to boost the local economy and attract foreign tourists, and by extension, foreign exchange into the country,” Mrs. Bakare said.
Mrs. Uzamat Yussuf, Commissioner for Ministry of Tourism in Lagos State, said, “We are aware that Lagos is a place of aquatic splendour.” She said, “If we have water that is not well protected and
sustained, it is better we don’t have any of it at all and that is why it is important for us to sensitise the citizens of Lagos on the proper way to dispose wastes properly.
“When we do not dispose wastes properly, it becomes an issue for ourselves and the state at large because when the rain starts and all our drainages are blocked, then we continue to experience flooding. In developed countries, they sell their beaches to tourists and make huge money as well as increase level of employment for their people.”
The commissioner stressed the need for the citizenry to clean the beaches in a bid to encourage tourists to come and see what the state can offer, adding that the purpose of tourism is to create wealth; which ultimately will increase the GDP of the country. She implored all to continue to manage and dispose wastes properly in a bid to sustain the environment.
Abia State Commissioner of Transport, Mr. Godswill Uwanoruo, commended the management and staff of Sterling Bank for the cleaning exercise which started in the state since 2015.
He said, “I started this programme with them in 2015 when I introduced the bank’s team led by the incumbent CEO, Mr. Suleiman, who was the then Executive Director of Finance to the governor of the state, Dr. Okezie Ikpeazu.
“I am happy that they continued the programme by making sure that Abia State is clean,” Uwanoruo said.
He advised other banks in the country to emulate the good gesture of Sterling Bank because it is not an easy thing for members of staff of a company to leave their offices and go out to clean markets and roads.
The commissioner also advocated that the exercise be done monthly or quarterly instead of annually.
Mr. Iselema Gbaranbiri, commissioner of Environment in Bayelsa State, who graced the STEM event in the state noted that, “The state government is here with Sterling Bank to show the world that they are synergising and keeping Bayelsa clean.”
Also, Honourable Muktar Baloni, Chairman of the Kaduna North Local Government Area Council, said he was impressed by the level of consistency in Sterling Bank’s environmental cleaning exercise and would want to emulate the bank by directing officials in the local government to replicate what the bank is doing in the local government.
The World Recycling Day is celebrated across the globe every year on March 18th even as recycling is recognised as an important component of the United Nation’s Sustainable Development Goals (SDGs) 2030. It is estimated that the world generates over two billion metric tonnes of municipal solid waste and reusable items annually.
The theme of the year’s event is on the ‘Recycling Fraternity,’ which refers to people who put themselves on the frontline to collect waste and engage in recycling during the multiple lockdowns as a result of the Covid-19 pandemic.
Central Bank of Nigeria (CBN) has announced that it will continue enforcing the controversial cybercrime levy at 0.005 per cent on all electronic transactions under its new guidelines for the 2024-2025 fiscal year.
Yemi Cardoso, Governor, CBN
The apex bank disclosed the levy’s reintroduction it abandoned in May, in a policy document issued on dated September 17, 2024.
The cybercrime levy is mandated by the Cybercrime (Prohibition, Prevention, etc.) Act of 2015, aimed at bolstering the nation’s cyber security infrastructure.
According to CBN, the revenue from the levy would be directed to a cybersecurity fund to support efforts to safeguard electronic transactions.
CBN said: “The CBN shall continue to enforce the payment of the mandatory levy of 0.005 per cent on all electronic transactions by banks and other financial institutions, by the Cybercrime (Prohibition, Prevention, etc.) Act, 2015.”
The bank restates the minimum cybersecurity baseline for banks and financial institutions.
The new guidelines also reaffirm the bank’s commitment to ensuring that banks, financial institutions, and payment service providers abide by the minimum cybersecurity standards.
CBN insist on the appointment of Chief Information Security Officers to oversee cybersecurity issues in line with the 2022 risk-based cybersecurity framework.
Central Bank of Nigeria has reconstituted the board of directors of Keystone Bank.
The move announced on Wednesday, is part of the apex bank’s strategy to ensure sustained growth for the financial institution.
According to a statement from the Keystone Bank, Lady Ada Chukwudozie has been appointed as the new board chairman, alongside five other non-executive directors. They are Abdul-Rahman Esene, Mrs. Fola Akande, Akintola Olusoji, Obijiaku Samuel, and Senator Farouk Bello.
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In addition, the CBN also named two new executive directors, Ladi Oluwole and Abubakar Bello.
Chukwudozie, a prominent figure in Nigeria’s corporate sector, brings nearly three decades of experience in business strategy, management, and administration.
Her expertise cuts across multiple industries, including De-Endy Industrial Company Limited, Dozzy Group, the Manufacturers Association of Nigeria, and Vogue Afrique Magazine.
Esene, with over 43 years of experience in banking, investment management, and corporate finance, has held leadership roles in major institutions such as Fidelity Bank, Afrinvest, and Global Arbitrage International Inc
Akande boasts over 25 years of experience in legal, compliance, and risk management, having worked with global brands like Cadbury, Stanbic Chartered Bank, and Shell.
Olusoji has a distinguished 30-year career in accounting, finance, and business development, having served at institutions such as Sterling Bank, Access Bank, and Intercontinental Bank.
Samuel, with more than 35 years of experience in banking and treasury operations, has left a significant mark on Nigeria’s financial sector, previously working with Zenith Bank and Fidelity Bank.
Bello, a seasoned banker with over 20 years of experience, has led initiatives across both the public and private sectors, including the National Assembly and Guaranty Trust Bank.
Meanwhile, the two new executive directors bring their vast expertise to the table. Oluwole, the new Executive Director of Risk Management, comes with over two decades of experience in credit and enterprise risk management, including previous roles at Bank of America. Bello, Executive Director for the Northern Directorate, has extensive experience managing corporate, retail, and public sector clients.
Read Also: Keystone Bank Upgrades Digital Banking Platform
Speaking on the appointments, Keystone Bank’s Managing Director and CEO, Hassan Imam, expressed confidence in the new board members, stating that their wealth of experience would play a crucial role in the bank’s continued repositioning and growth.
“We are pleased to welcome the new chairman, non-executive directors, and executive directors to the board of Keystone Bank.
“We are confident that their extensive experience will be invaluable as we continue to reposition the bank to seize emerging economic opportunities while maintaining strong corporate governance and providing our customers with a secure and reliable banking experience,” Imam said.
The Integrated Personal and Payroll Information System (IPPIS) database is safe and secure, Office of the Accountant General of the Federation (OAGF) assured.
The assurance is on the heels of recent insinuation of tampering and compromise of the system. Assurance of its safety and security was given in a statement issued on behalf of the Office by the Director of information, Mallam Bawa Mokwa.
The OAGF restated that the database had not been compromised assuring that employees’ personal data on the database was safe and secure.
The OAGF, which manages the IPPIS and other financial management initiatives of the Federal Government, said it was already implementing its ICT security policy that aims to ensure that its digital assets are secured in line with global best practices.
The Office explained that no data was saved on its website, adding that the IPPIS used the website to only share information and not for any transaction.
“The IPPIS is not using the OAGF website for any transaction. The website is actually the medium to share information.
Neither payroll nor payment is made through the website, therefore, no data is contained in the website,” it said. The OAGF stated that the IPPIS validation portal that was recently developed for updates of employees’ information was deployed for a period and after the exercise, the data were pulled out and the site shut down permanently.
According to the Office, “the IPPIS Validation Portal was deployed on a secure platform. A secured database and application were purchased from the popular HELIX-FONS.’
The Office acknowledged that the IPPIS was of utmost importance to Nigerian workers, thus it became imperative to assuage the fears of any loss or breach of employees personal data in the IPPIS database.
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