Business

2020 AGM: Shareholders Laud Tajbank’s Board, Mgt Over Performance

Published

4 years ago

June 24, 2021

….As Lender Records 471% Growth In Profit Before Tax

Joel Ajayi

Shareholders Of Tajbank Limited, Nigeria’s Leading Non-Interest Banking Products And Services Provider, Yesterday Commended The Board And Management Of The Bank For Its Impressive Performance In Its First Year Of Operations, Promising Continued Commitment To The Realisation Of The Vision And Mission Of The Innovation-Driven Lender In The Years Ahead.

During The Financial Year, The Bank Reported Outstanding Improvements In Its Gross Earnings, Which Rose From By 6,066% In The Financial Year To N3.456 Billion; 471% Growth In Profit Before Tax (PBT) ; Deposit Growth Rate Of 1,524%, Return On Equity Rose By 361% And An Exponential Growth In Customer Base From 1,809 To 103,853, Among Other Positive Performance Indices.

Speaking During A Post-AGM Interactive Session With Journalists At The Bank’s 2nd Annual General Meeting (AGM) Held In Abuja, One Of The Leading Shareholders Of The Bank, Alhaji Lawal Garba, Said The Shareholders Were “Very Happy With The Board And Management Of The Bank For The Impressive Performance Recorded During The Year, Particularly On The Innovation That They Have Brought Into Non-Interest Banking In Nigeria.

“We Are Also Very Impressed With Their Entrepreneurship Drive Which Has Impacted On The Way The Bank Is Growing And We Are All Very Impressed And Wish The Bank More Successful Years Ahead.

“Also, We Are Want To Encourage The Management To Continue With The Mandate They Have Been Given By Redoubling Their Efforts Towards The Full Realisation, Though The Efforts They Have Put In So Far Have Been Commendable. Overall, We Are Very Impressed With Their Superlative Performance”, Garba Added.

Earlier In His Address At The AGM, The Bank’s Chairman, Alhaji Tanko Isiaku Gwamna, Noted That The 2020 Financial Year Was A Remarkable Year For The Bank In Terms Of Investment, Market Penetration, Growth, Expansion And Strong Financial And Strategic Performance That Enabled The Bank To Position Itself As One Of Nigerian Growing Banks.

He Linked The Lender’s Superlative Performances To Exceptional Service Delivery, Robust Investments And Deployment Of Critical Technologies And Solutions And Responsive Operational System.

Alhaji Gwamna Restated The Bank’s Commitment To Value-Addition For All Its Shareholders And The Nigerian Financial System, Stressing That Tajbank’s Sustainability Is Guaranteed By The Expansive Value It Is Creating For Its Shareholders, Customers, Employees And All Stakeholders.

He Assured: “Our Commitment To The Creation Of Optimal Shareholders’ Value Remains Solid And Expansive.”

Noting The Increasing Roles Of The Social Media As An Indispensable Tool For Customer Relationship Management, Value Addition And Complaint Resolution, The Seasoned Non-Interest Banker Pointed Out That Tajbank Had Leveraged On Investments In Key Technologies To Improve Its Visibility On Facebook, Instagram, Linkedin, Google+ And Whatsapp.

Alhaji Gwamna Pointed Out That Although Tajbank’s Priority Was To Ensure Optimum Performance And Value Addition Across All Stakeholders, The Bank’s Medium And Long Term Target “Is To Be Among The Recipients Of Key Awards On Product And Service Innovation, Consistently Transparent Corporate Governance Practices And Service Excellence” Through The Utilization Of Its Creative Workforce And Excellent Management Team.

He Also Harped On The Bank’s Relentless Efforts To Upscale Its Corporate Social Responsibility (CSR) Activities In Line With Its Vision Of Funding Programmes And Projects That Promote Financial Inclusion, Economic Prosperity, Equal Access To Opportunities, Sustainable Development And Promote Global Prosperity In Its Host Communities And The Larger Nigerian Society.

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Business

Court Orders Arrest Of Wike-led FCTA Director, 10 Others

Published

1 week ago

May 28, 2025

The Gleamer

By Aliyu Galadima

An Abuja High Court has issued a bench warrant against the director of investigation and prosecution of the FCTA, Joseph Eriki, and 10 others.Justice Suleiman Belgore has issued an order to compel the director and others to appear before the court for a suit filed against them.

The Judge’s decision followed the application of the prosecuting counsel, David Kaswe, who lamented the failure of the efforts to ensure that the suspects appear in court.

Justice Suleiman Belgore of the High Court in Abuja has issued a warrant of arrest against Joseph Eriki, the director of investigation and prosecution of the Nyesom Wike-led Federal Capital Territory Administration ,FCTA, and 10 others.

The judge had issued the order to compel the appearance of Joseph Eriki and 10 others before the court, as they had been arraigned in a suit filed against them by the federal government.

The warrant was issued following an application by the prosecution counsel, David Kaswe, who stated that all efforts to ensure the suspects’ presence in court had failed. Kaswe informed the court that the prosecution had made several attempts to notify the suspects’ lawyers and sureties, but to no avail.

He cited Section 124 of the Administration of Criminal Justice Act ,ACJA, which allows for the issuance of a bench warrant to compel attendance in court.

The court agreed to the application, issuing the warrant to ensure the suspects’ appearance for arraignment on a six-count charge. The charges against the suspects include criminal conspiracy, criminal trespass, forgery, and using a forged document as genuine.

They are also accused of using criminal force to deter a public servant from performing their duty. The suspects allegedly entered a plot of land belonging to Etha Ventures and constructed structures without authorisation, to defraud the company.

According to the prosecution, the suspects fraudulently obtained a consent judgment for the land, which was given to Super Structures Limited. The case has been adjourned until June 4 for arraignment.

The court’s decision to issue a bench warrant highlights the seriousness of the allegations and the need for the suspects to face trial. The suspects are facing a six-count charge, which was filed in February.

The court’s ruling emphasises the importance of a speedy trial and the need for the suspects to be held accountable for their actions.

With the bench warrant in place, the court is taking steps to ensure that the suspects appear in court and face the charges against them

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