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Ajayi Wins 59th FirstBank Lagos Open Golf Championship

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Ikoyi Club based category-1 amateur golfer, Ajayi Tajudeen has emerge winner of the 59th edition of the FirstBank sponsored Lagos Open Golf Championship. Ajayi closed with 1-under par 70 for a total of 7-over the course par to win the Championship by two-shots after 56-holes.

Happy at the recently held golf tourney, Ajayi adduced his success to hard work, saying “I practiced a lot”.

“There is no short cut to success which is why I take the sport very seriously. I was well prepared for this tournament because I practiced a lot”, he said in a chat with newsmen shortly after being declared the Champion.

With his victory, Ajayi replaces Peter Eben-Spiff on the FirstBank Open winners list.

Playing 4-shots adrift going to the final round, Ajayi recorded bogey free 18-holes to steal the show ahead of overnight leader, Gabriel Ejembi who carded a closing 76 for 9-over the course par, over 56-holes to beat clubmate Ejembi to the second position.  

Coming in the third position was Tochukwu Emuwa at 14-over. Emuwa opened his game with 76, a second-round score of 75 and a closing 74 to duck in the third position.

Olusegun Emmanuel came fourth while Junior Champion; Osiregbeme Egbakhumeh completed the top five in the R&A and USGA sanctioned championship.

Satisfied with the outcome of the competition, Olusegun Alebiosu, the Chief Risk Officer of FirstBank, who represented the Bank’s Chief Executive Officer, reiterated the banks continuous support for the championship.

The competition was organised in full compliance with the Federal Government Covid-19 protocols.

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Union Bank Renews Commitment to CSR

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As part of efforts to drive sustainable social impact, Union Bank and its employees have established communal water boreholes in six underserved communities across Nigeria, directly impacting over 15,000 people.

The bank said this in a statement titled ‘Driving social impact: Union Bank and employees provide six communities with potable water’.

It stated that the donations, which provided the gift of water to one community from each of the six geopolitical regions of the country, formed part of activities to mark Union Bank’s 2020 Employee Volunteer Day.

The statement said EVDay, which was introduced in 2019, reinforced Union Bank’s commitment to building a workforce conscious about giving back to the communities where they live and work.

 

It said that this year, the gift of water project was selected to provide more Nigerians in underserved communities with access to potable water supply, improving their quality of life and enabling them to maintain the proper handwashing routine advised by the World Health Organisation.

The statement said the communal boreholes were established in Ubulu Uku in Delta State; Gidan Dagachi Kureken Sani in Kano State; Kpebi-Sarki in Abuja; Ohubo Village, Ama Nkanu Community in Enugu State; Sari Iganmu, Orile in Lagos State and Abujan Amare, Gashua in Yobe State.

Commenting on the donations, the Chief Executive Officer of Union Bank, Emeka Emuwa, said, “Union Bank is proud to lead the charge for social impact

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Dangote Loses $900m in 24 Hours, Drops in Billionaires’ Ranking

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The President/Chief Executive, Dangote Industries Limited, Aliko Dangote, saw his total net worth drop by $900m on Friday as his flagship company emerged the biggest loser at the end of trading on the Nigerian Stock Exchange.

Bloomberg Billionaires Index, which is a ranking of the world’s 500 richest people, showed that his wealth fell from $18.4bn on Thursday to $17.5bn on Friday, making him the 114th wealthiest man in the world, down from 106th the previous day.

Dangote’s net worth had risen from $15.5bn on December 13 to close the year 2020 at $17.8bn. It further gained $600m in the first seven days of 2021, but lost all of it and more last Friday.

The share price of Dangote Cement Plc, the country’s biggest listed company and Africa’s largest cement producer, tumbled by 8.13 per cent to close at N225 on Friday from N244.90 on Thursday.

Dangote was the only Nigerian on the list of 500 billionaires and retained his position as Africa’s richest person as of Friday.

“The majority of Dangote’s fortune is derived from his 86 per cent stake in publicly traded Dangote Cement. He holds the shares in the company directly and through his conglomerate, Dangote Industries,” Bloomberg said.

His most valuable closely held asset is a fertiliser plant with capacity to produce up to 2.8 million tonnes of urea annually, according to the international news agency.

“A $12bn oil refinery that is currently being developed in Nigeria isn’t included in the valuation because it’s not yet operational and construction costs are calculated to outweigh its current value,” it said.

The Punch

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Customs Intercepts 5,200 Live Ammunition, Other Contraband Goods Worth N386m

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The Nigeria Customs Service, Federal Operations Unit, Zone ‘C’ Owerri, having intensified its anti-smuggling operations intercepted 5,200 live ammunitions (cartridges of 30GR 70mm Calibre ) and various contraband with a duty paid value (DPV) of Three Hundred and Seventy Eight Million, Seven Hundred and Fifty One Thousand, Nine Hundred and Thirty Five Naira only (N378,751,935.00) between November 23rd to December 27th 2020.

2. Similarly, the unit through its interventions recovered Seven Million, Five Hundred and Fifty Seven Thousand, Seven Hundred and Thirty One Naira only (N7,557,731.00) from demand notices on general goods that tried to cut corners from seaports in the guise of false declaration, transfer of value, and shortchange in duty payment that are meant for the coffers of Federal Government of Nigeria, making a cumulative sum of Three Hundred and Eighty Six Million, Three Hundred and Nine Thousand, Six Hundred and Sixty Six Naira only (N386,309,666.00) within the month under review making it a landslide in recent times.

3. The Controller, Federal Operations Unit, Zone ‘C’, Comptroller Yusuf Lawal Psc(+) while addressing the media in Owerri Imo State Capital expressed concerns over the trends in arms and ammunition smuggling in recent times making reference to the interception in Lagos in 2017, in kwara in 2018 and just recently in Kebi using different routes and now the interception of 5,200 live ammunition cartridges (30GR 70mm Calibre) on the 13th of December 2020 concealed with other goods and household items in a passenger vehicle: Toyota Sienna with reg no: DKA 237 DW along Nwezenyi Ikom Road Cross River, based on credible and timely intelligence. He added “Only God knows what would have happened if these cartridges get to its destination unchecked, considering the fragile security of the Nation: from Armed Robbery, Kidnapping, banditry to insurgency”. Comptroller Yusuf stated that the seized ammunitions fall under schedule 4 of the Common External Tariff, which its importation is absolutely prohibited.

4. Other seized items include 1,215 bags of foreign parboiled rice 50kg each mostly concealed in bags of beans, maize and groundnut seeds all with the aim of deceiving our officers, 38 Jumbo bales of used clothing, 204 cartons of imported tomatoes and four used exotic vehicles including one new bullet proof Toyota Landcruiser 2019 model (without end-user certificate), two Toyota Hilux 2016 and 2015 respectively, one Mercedes Benz ML350 2015, and other controlled pharmaceutical products at various locations. Three suspects were arrested in connection to these different seizures.

5. Comptroller Yusuf Lawal attributed this achievement to the leadership style of the Comptroller General of Customs, Col. Hameed Ibrahim Ali (Rtd) and the entire Management Team of the Nigeria Customs Service for their efforts in recognizing hard work, dedication and commitment. “Without the Management motivation and necessary logistics support, we won’t have attained this feat within this short period”.

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