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ACAMB Elects New Executive Committee to drive its next phase of Growth

Published

2 years ago

January 25, 2024

L-r: ACAMB Exco; Financial Secretary, Halima Isha of JAIZ Bank; Treasurer, Morolake Philip-Ladipo of Wema Bank; Vice President (VP)1, Oze K Oze of FirstvBank; President, Rasheed Bolarinwa of Polaris Bank; VP2: Tolulope Onipede of Guaranty Trust Bank; General Secretary, Jide Sipe of ECOBANK; Assistant General Secretary, Iyke Iheagwam of Access Bank; Publicity Secretary, Omede Odekina of United Bank for Africa (UBA); and Social Secretary, Ozena Utulu of Heritage Bank at the ACAMB Annual General Meeting (AGM) and election of New Exco, held at CIBN House, Lagos.

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Members of the Association of Corporate and Marketing Communication Professionals in Nigerian Banks (ACAMB) have elected new Executive Committee to pilot the affairs of the Association in the next two years.

The newly elected leadership was the major highlight of the Annual General Meeting (AGM) which held in Lagos on Wednesday, January 24, 2024 to reflect on the accomplishments of the past year and to shape the future direction of the association.

The new Executive Committee (ExCo) was elected to lead ACAMB in its next phase of growth and development.

The AGM, attended by ACAMB members, past leaders and elders, provided a platform for meaningful discussions, strategic planning, and the exchange of ideas among banking professionals who form the backbone of ACAMB. The event showcased the commitment of the association to foster collaboration and innovation within the financial sector.

Following a thorough and democratic election process, the new Executive Committee was elected to serve in key leadership roles within the association. The newly elected Exco members are; President: Rasheed Bolarinwa of Polaris Bank; Vice President (VP)1, Oze K Oze of FirstBank; VP2: Tolulope Onipede of Guaranty Trust Bank; General Secretary, Jide Sipe of ECOBANK; Assistant General Secretary, Iyke Iheagwam of Access Bank; Financial Secretary, Halima Isha of JAIZ Bank; Treasurer, Morolake Philip-Ladipo of Wema Bank; Social Secretary, Ozena Utulu of Heritage Bank; and Publicity Secretary, Omede Odekina of United Bank for Africa (UBA).

Rasheed Bolarinwa, the newly elected President, expressed gratitude for the trust placed in the new leadership team and emphasised the importance of unity and collaboration to achieve the association’s objectives. The President also acknowledged the contributions of the outgoing Exco and thanked them for their dedicated service. “We are thrilled to announce the new Executive Committee of ACAMB, a team that embodies the spirit of creativity, ambition, and collaboration. As we embark on this new term, my commitment to each and every member remains unwavering. Working with the new Exco, we’ll continue to strive for excellence, explore new avenues for growth, and uphold the highest standards of professionalism”.

ACAMB, according to him, “will be a platform where ideas flourish, relationships strengthen, and the collective wisdom of our diverse membership (from our elders, past Presidents, members and associates), propels us forward”.

The General Secretary of ACAMB, Jide Sipe, while presenting the scorecard of the outgoing Exco, said “despite the odds, we remained resolute and hopeful for a better future. The goal is to continue to advance, attain lofty heights and better place the Association within the financial sector. We promise our commitment to deliver on our founding mandate to continuously protect the image and reputation of the Association. We remain optimistic and grateful for all your support over the years and in the future that we behold”.

In addition to the election results, the AGM included discussions on upcoming initiatives, projects, and events planned by the association for the 2024 financial year. Members actively participated in these discussions, providing valuable insights and suggestions to shape the future trajectory of the Association.

ACAMB remains committed to promoting excellence, fostering professional development, and advocating for the interests of its members in the banking sector. The newly elected Executive Committee is poised to lead the association with vision and dedication, building on the foundation laid by its predecessors.

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EFCC Arik Case: Witness Testifies on Receiver Manager Nominee’s Role in NG Eagle Shareholding

Published

14 hours ago

December 9, 2025

Ugo Onwuaso

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The 4th prosecution witness in the ongoing trial of former AMCON Managing Director, Ahmed Kuru, on Monday continued to give the Special Offences Court in Ikeja, Lagos, ‘fresh insight’ into how the structure and equity of NG Eagle Airlines was set up.

EFCC Arik

In his testimony, Kaltungo testified that this arrangement entails the Receiver Manager’s nominee having a shareholding arrangement of NG Eagle of “one unit within a billion-share structure,” as part of the findings that emerged during the Economic and Financial Crimes Commission’s investigation.

The development surfaced as EFCC Investigative Officer, Bawa Usman Kaltungo, continued his examination-in-chief led by prosecution counsel, Dr. Wahab Shittu, SAN. Kaltungo told the court that the financial trail uncovered by investigators showed how funds allegedly belonging to Arik Air Limited were unaccounted for while NG Eagle was being established.

Kaltungo also, in the course of his testimony, sought to mislead the Court to believe that the 1st Defendant sold NG Eagle shares solely and unilaterally as a Receiver holding majority shares in NG Eagle, when in fact he is just a nominee with a single unit of share, as AMCON, the corporation that appointed him, holds majority shares in NG Eagle.

Even though his testimonies were made with the support of a few documents admitted in evidence, Kaltungo still was not able to establish a nexus of any act of omission on the part of the accused persons to establish fraud or crime in the management of Arik’s loan.

Kuru is standing trial alongside Kamilu Alaba Omokide, Captain Roy Ilegbodu, Union Bank Plc, and Super Bravo Limited before Justice Mojisola Dada. According to the witness, the statement of Arik’s former Chief Financial Officer, Mr. Jonathan Sani, detailed how the defendants allegedly moved N4.5 billion from Arik to fund NG Eagle, an airline he said was controlled by the defendants. He further testified that Omokide and Ilegbodu allegedly worked with Kuru to funnel a total of N4.9 billion from Arik’s coffers to manage and fund operations of the new airline.

Kaltungo added that beyond the cash transfers, Arik staff were also moved to NG Eagle even though the new airline was set up while Kuru was still AMCON MD, and Omokide served as AMCON’s Receiver Manager. He said salary payments and operational expenses for the newly formed NG Eagle were borne by Arik Air Limited.

During proceedings, the court admitted a CTC of an ex parte order, which the prosecution termed as the only document authorizing the appointment of the RM over Arik and marked the same as P17, along with other exhibits—P18, P25, P26, P44, and P45—including. photographs and videos in a flash drive containing footage of alleged vandalised aircraft were played in court, but the Prosecution again failed to establish a nexus as to whether those aircraft indeed belonged to Arik.

Meanwhile, counsel for the second and third defendants applied for the release of their clients’ passports for renewal and medical purposes. Justice Dada granted the requests on the condition that the documents be returned to the court registry no later than January 2, 2026.

The matter was thereafter adjourned to February 25 and 26, 2026, for continuation of the trial and Examination-in-Chief of PW4

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NIPR Postpones Maiden PRICE Awards to January 25, 2026

Published

4 days ago

December 6, 2025

Ugo Onwuaso

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Nigerian Institute of Public Relations (NIPR) has announced the postponement of its maiden annual Public Relations, Reputation, Ideas, Concepts and Excellence (PRICE) Awards and Prizes to January 25, 2026.

NIPR

The event, earlier scheduled for December 7, 2025, was deferred to accommodate stakeholders whose observance of Christmas festivities had commenced earlier than expected.

Chairman of the Organising Committee, Mr. Israel Opayemi, urged stakeholders to note the new date and prepare to participate in the ceremony.

He said the awards would motivate professionals, practitioners and scholars, while enhancing Nigeria’s global competitiveness in the public relations ecosystem and strengthening brand equity for all stakeholders.

Opayemi reaffirmed the Committee’s commitment to delivering a best-in-class award administration and ceremony, describing the PRICE Awards as a credible and enduring platform to identify, celebrate and elevate outstanding individuals, campaigns and organisations shaping the public relations landscape across sectors.

The development of the PRICE Awards peaked in September 2025 when the NIPR President and Chairman, Council, Dr. Ike Neliaku, inaugurated a 12-man committee to organise the maiden edition. The inauguration followed the Council’s adoption of the report of a technical team tasked with establishing the awards.

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Netflix Seals $82.7bn Deal to Acquire Warner Bros., HBO Max

Published

4 days ago

December 6, 2025

Ugo Onwuaso

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Netflix has announced a landmark agreement to acquire Warner Bros. and HBO Max in a transaction valued at $82.7 billion, a move analysts say will reshape the global entertainment industry.

Netflix

The deal, which includes Warner Bros.’ film and television studios, HBO, HBO Max, and Warner Bros. Games, was unanimously approved by the boards of both companies. Under the terms, Warner Bros. Discovery (WBD) shareholders will receive $23.25 in cash and $4.50 in Netflix shares for each WBD share.

Netflix co-CEO Ted Sarandos described the acquisition as “a defining moment” for the streaming giant, noting that the company intends to maintain Warner Bros.’ current operations while expanding its production capacity.

“By combining Warner Bros.’ incredible library of shows and movies with Netflix’s culture-defining titles, we can give audiences more of what they love and help define the next century of storytelling,” Sarandos said.

The transaction is expected to close within 12 to 18 months, following the planned spin-off of WBD’s TV networks division, Discovery Global, in 2026. Netflix projects annual cost savings of $2–3 billion by the third year after completion and expects the deal to be accretive to earnings per share by year two.

Industry groups, including the Directors Guild of America and Cinema United, have raised concerns about the impact on movie theaters, while regulators are expected to scrutinize the deal over antitrust issues. Netflix has pledged to continue supporting theatrical releases, with Warner Bros.’ cinema commitments running through 2029.

Warner Bros. Discovery CEO David Zaslav hailed the agreement, saying it “combines two of the greatest storytelling companies in the world to bring to even more people the entertainment they love.”

Observers note that the acquisition comes 15 years after former Time Warner chief Jeff Bewkes dismissed Netflix as “the Albanian army,” underscoring the dramatic shift in the entertainment landscape.

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