Niger Delta
Anchor Insurance Declares Dividend To Shareholders
Akwa Ibom State-owned
Anchor Insurance Limited has declared a dividend of N2.5k per share for shareholders for the year ended December 31, 2012.
This is an increase of 25 per cent over the dividend paid in the previous year.
Its Chairman, Board of Directors, Mr Senas Ukpanah, made the declaration during the company’s 23rd Annual General Meeting last Thursday in Uyo.
Ukpanah said that the increase in dividend payment was in fulfillment of the promise made earlier by the board to its shareholders.
He said that the board and management would work hard to remain profitable and make the company a rewarding institution to investors.
”I am indeed pleased to inform you that the board of directors is recommending a dividend of N2.5K per share, being an increase of 25 per cent dividend.
“This is an indication that the board kept to the promise made at this gathering last year to improve on the dividend payment,” he said.
The chairman also said that in spite of challenges in the industry, the company recorded growth in some key areas.
He said that gross premium increased by 60 per cent from N1.144 billion in 2011 to N1.825 billion in 2012.
Ukpanah said that the total claims which the company paid amounted to N230.52 million against N164.61 million paid in 2011.
“Total underwriting income stood at N1.15 billion in 2012 against N687 million in 2011, an increase of 68 per cent in the period.
“Investment income increased by 95 per cent from N60 million in 2011 to N117 million in 2012,” Ukpanah said.
He said that inflation averaging 12.24 per cent in 2012 was another major challenge facing the insurance industry in the country.
Niger Delta
Community Elects Monarch After 55yrs Interregnum … As King-elect Preaches Unity
The Otakeme Community of Ogbia Local Government Area of Bayelsa State have elected the Managing Director/Chief Executive Officer of a firm, “Renew Empire Nigeria”, Engr. Gospel Obolo as its new paramount ruler.
The Tide learnt that the election was conducted after 55 years of interregnum over the stool.
Otakeme is the closest neighbouring community to Otabagi, host community of the Oloibiri Oil wells where oil and gas were first struck in commercial quantity in West Africa.
Speaking with Journalists shortly after a close door meeting with community stakeholders midweek, the monarch-elect promised to lead a consultative reign.
He, however, expressed regrets that the community which boasts of an array of intellectuals and major elites across boards had remained without a monarch for so long, and promised to partner indigenes of all walks of life from the community in the discharge of the duties of his royal office.
While pleading with stakeholders and community elites to consolidate on the existing peace in the community, he added that already he has initiated a consultation tour of major cities and towns across the country to meet with indigene of the community in the diaspora.
“It’s sad that our community, Otakeme, has been without a king for 55 years. Otakeme is supposed to be one of the communities in Ogbia that others should emulate in terms of communal living, but regrettably we’ve lost a lot due to disunity which resulted in the absence of a paramount ruler for this long number of years.
“We’ve begun a diaspora consultation with stakeholders to solidify our unity and continue on the path of development. There is a lot to do for our people, and I want to assure everyone from the community that we’ll work together to develop Otakeme community”, he said.
Meanwhile, the monarch-elect has called on youths of the community to maintain peace and tranquility, saying his emergence signals a new era of innovation, peace, development and unity in the ancient community.
By: Ariwera Ibibo-Howells, Yenagoa
Niger Delta
NDDC Honours 78 Employees For Long Service … Hails Commitment To N’Delta Dev
The Niger Delta Development Commission (NDDC) has honoured 78 members of staff with Long Service Awards in recognition of their dedication, loyalty and invaluable contributions to the growth of the intervention agency and the development of the Niger Delta region.
Speaking at the award ceremony held at the Commission’s headquarters in Port Harcourt, the Managing Director, Dr. Samuel Ogbuku, said staff welfare remains a central priority of the Board and Management, describing employees as the institutional memory and driving force of the Commission.
Represented by the Executive Director, Finance and Administration, Alabo Boma Iyaye, Ogbuku congratulated the recipients for their years of meritorious service and commended them for their commitment, which, he said, had contributed significantly to the Commission’s achievements over the years.
He noted that the awards were not only a celebration of longevity in service, but also a recognition of the dedication, professionalism and mentorship demonstrated by the recipients in helping to strengthen the Commission.
“The awardees have devoted decades of their lives to the NDDC, mentoring younger colleagues and playing vital roles in addressing the challenges confronting the Commission.
“Today, we celebrate your dedication, loyalty and commitment to service”, he said.
Ogbuku added: “We are proud of your achievements and grateful for your immense contributions. Each of you has helped shape our processes and our success story. We thank you for investing your talents and time in advancing the sustainable development of the Niger Delta.”
Also speaking, the Director of Administration and Human Resources, Sir Kelechi Nwelue, praised the award recipients for serving the Commission and the Niger Delta with distinction, noting that the recognition reflected years of exemplary service, unwavering commitment and professional excellence.
Responding on behalf of the honourees, the Director of Education, Health and Social Services, Dr. Awele Chukwudifu, expressed appreciation to the Executive Management for the recognition, describing the award as a source of motivation and encouragement.
She said the honour would inspire staff to remain committed to the Commission’s mandate of driving sustainable development across the Niger Delta region while sustaining excellence in service delivery.
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Niger Delta
Dickson Vows To Defend Democracy … Says ‘No Amount of Intimidation Will Break Us’
Former Bayelsa State Governor and Senator representing Bayelsa West, Seriake Dickson, has said he his committed to defending Nigeria’s multi-party democracy.
He said no amount of intimidation, political persecution or propaganda would deter him from pursuing what he described as the collective struggle to rescue the nation’s democratic values.
In a lengthy message of appreciation to his supporters, Dickson expressed gratitude to the people of Bayelsa West, Bayelsa State, the Ijaw Nation, and Nigerians at home and abroad for their steadfast support, solidarity and prayers throughout what he called his political journey to strengthen the country’s opposition.
The senator said for the past eight months he had remained away from home while focusing on building the National Democratic Congress (NDC), which he described as “the biggest national opposition party” in Nigeria.
He credited the party’s rapid growth to the commitment of its members, candidates and political partners, particularly the party’s presidential candidate, Peter Obi, and his running mate, Senator Rabiu Musa Kwankwaso.
“I thank God Almighty for His grace and strength. I also thank our party officers at every level and Nigerians across political divides for their confidence, trust and unwavering support”, Dickson said.
He stated that Nigeria’s democracy must be protected, insisting that the survival of a vibrant multi-party system was essential to the country’s future.
According to him, ongoing legal battles and what he termed “contrived anti-democratic shenanigans” would ultimately fail, expressing confidence that the judiciary would uphold the rule of law and resist attempts to undermine democratic institutions.
The former governor also accused unnamed political figures whom he said he had helped to attain positions of authority of turning against him by allegedly weaponising state institutions, removing political opponents from office, victimising innocent citizens and spreading propaganda.
Despite what he described as nearly seven years of sustained persecution against him, his family and supporters, Dickson said the loyalty of his followers had remained unshaken.
He urged Nigerians, particularly young people, to embrace politics driven by ideas, conviction and principles rather than personal gain, appointments or what he called “stomach infrastructure.”
He said the enduring legacy he hoped to leave behind was a generation courageous enough to reject injustice, defend truth and demand accountability from leaders.
Dickson announced plans to return to Bayelsa in the coming weeks alongside the National Chairman of the NDC, Senator Moses Cleopas, to personally appreciate party members and supporters across the state.
He called on citizens to reject violence and intimidation, urging them instead to participate actively in peaceful democratic processes and protect the sanctity of their votes.
The senator warned that politicians who relied on intimidation, abuse of state institutions and violence would ultimately be rejected by the electorate.
Reflecting on his political career, Dickson said he had weathered nearly two decades of investigations, allegations, political conspiracies and intimidation, yet continued to emerge stronger.
He argued that despite governing Bayelsa during a period marked by severe economic recession, his administration recorded lasting achievements across critical sectors and laid a solid foundation for the state’s development.
“I have seen it all and survived it all. The God who has stood by me has not abandoned me. He remains on His throne, watching and judging the actions of all men”, he declared.
Dickson concluded by praying for God’s continued blessings upon the NDC, Bayelsa State and Nigeria, while expressing confidence that justice, democracy and the will of the people would ultimately prevail.
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