July 20, 2020 – National Infinity Magazine

Why our Acting MD collapsed -NDDC

July 20, 2020July 20, 2020 Benjamin Chukwudaalu, Political Reporter

Prof. Kemebradikumo Pondei, the Niger Delta Development Commission (NDDC) acting managing director, reportedly collapsed at the National Assembly because he ignored his doctors’ advice on his state of health. A statement signed by the Director, Corporate Affairs, Charles Odili, said Pondei has been ill for the past two weeks but that his condition deteriorated Monday morning necessitating his doctors to advise him against attending the hearing. Odili said: “The commission wishes to disclose that Prof Pondei has been ill for the past two weeks. This morning, his condition deteriorated, and his doctors advised against attending…

Funtua, Buhari’s ‘man-friday’ is dead

July 20, 2020July 20, 2020 Jide Ige

Mallam Isa Funtua, one of President Muhammadu Buhari’s closest ally and Chairman, Bullet International Construction is dead He reportedly died on Monday after suffering cardiac arrest. Buhari’s spokesmen, Bashir Ahmed confirmed the development on Twitter He wrote, “Inna lillahi wa inna ilaihi raji’un! Just heard about Mallam Ismaila Isa Funtua’s sudden death. “This life! May Allah accept his soul, forgive his shortcomings and grant him Jannah al-Firdaus.

Fidelity Bank names Onyeali-Ikpe as Okonkwo’s successor

July 20, 2020July 20, 2020 Jide Ige

The Board of Directors of Fidelity Bank Plc wishes to announce the impending retirement of Mr. Nnamdi J. Okonkwo, the Managing Director/Chief Executive Officer (MD/CEO) of Fidelity Bank Plc. He will be stepping down from the Board of Directors of the Bank, with effect from December 31, 2020, upon completion of his contract tenure, in line with the bank’s governance policies. In compliance with the succession policy of the Bank, the Board has approved the appointment of Mrs. Nneka Onyeali-Ikpe, the current Executive Director, Lagos and South West Directorate as…

CBN releases N16b for Anchor Borrowers’ Programme

July 20, 2020July 20, 2020 Jasmin Ekua, Banking & Finance

The Central Bank of Nigeria (CBN) has released N16 billion for Anchor Borrowers Programme. The Apex bank has also been applauded for its new foreign exchange policy restricting forex access for maize imports. The Maize Association of Nigeria (MAAN) said, equally important, the Apex bank acted in the best interest of the economy, urging farmers to explore the opportunities presented by the restrictions to increase production capacity. MAAN President, Abubakar Bello spoke at a news conference in Abuja, listing the achievement of the last planting season. He said though the…

NDDC acting MD collapses at NASS

July 20, 2020July 20, 2020 Jide Ige

The acting Managing Director of the Niger Delta Development Commission, Prof Kemebradikumo Pondei, fainted on Monday during an investigative hearing at the National Assembly. Pondei collapsed where he was seated as members of the House Committee on NDDC grilled him. The committee had grilled him for about 45 minutes before he passed out. Pondei has been rushed out of the Conference Room 231, venue of the investigative hearing on illegal spending and mismanagement of funds in the commission. The Minister of Niger Delta Affairs, Godswill Akpabio, however, stayed behind.

Heritage Bank upgrades HB ‘Padie’ Mobile App for easy access to banking services

July 20, 2020July 20, 2020 Jide Ige

Heritage Bank plc, Nigeria’s most innovative banking service provider has upgraded its HB ‘Padie’ mobile application to HB ‘Padie’ 2.0, which comes with new improved features for convenient, quick, secure and affordable way for seamless 24/7 banking transaction. The HB ‘Padie’ 2.0 app has been redesigned and relaunched with new improved multi-functional feature and game-changing innovation that leverages customers to ease accessibility to funds and improve the standard of living. This is poised to enable customers’ card management in connecting all bank accounts with their Debit Card details or account…