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Premium Trust Bank Opens Office In PH

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Premium Trust Bank has joined the list of licensed commercial banks operating in Nigeria. The bank launched and opened its first branch in Port Harcourt, Rivers State capital, with the promise to customers of speedy service delivery anchored on innovation and strong market knowledge.
Speaking at the launch event, the Managing Director and Chief Executive Officer of the bank, Mr Emmanuel Emefienim, noted that the bank’s coming on board was not to make up the numbers (of banks) but to stand out with its speed of service delivery. Emefienim also noted that the bank would be co-creating financial solutions with its customers to ensure alignment and seamless adoption at the stage of product deployment.
He said: “I have said many times that drawing up strategy in banking is not new. We are not necessarily coming to re-invent the wheel because the banking business especially in Nigeria, has a lot in common. We trade in the same industry and we all have the same regulator; you find out that the industry somehow operates within a boundary.
“Bu, then, there’s a differentiating factor; we have realised that while all banks tend to offer the same kind of service, there is something that is unique or different when it comes to execution. Put it this way, a bank takes a position to offer a certain kind of service. But, then, it takes them such a long time to deliver this service. And then, you find another bank comes on board, offer the same kind of service, but they deliver it in record time. The speed of execution is something that will speak for us in the industry. We are going to be deliberate about it. We know the people, we know the market, we have the experience; we understand the environment, and we understand the business. So, when you have strong knowledge of the people, the market and the business, speedy execution comes easy. This is because you are clear about what you want to do. Also, add that we are going to leverage on technology to make all of these happen.”
Commenting on the process the bank would use to develop products and financial solutions, Emefienim said: “We are not going to come up with products and just dump them on customers; not at all; We will sit with our customers, extract from them what their specific needs are, and then, co-create solutions towards meeting those needs.
“So, the customers will be part of the process. This is in the sense that we understand what they want, we sit with them to proffer solutions to those problems, and we come up with products that are tailor-made to solve the problems. So, by the time we deploy such products, there is some level of alignment. This for us, is a journey that ensures we grow together with our customers, impact lives and build communities consistent with our tagline – Together for Growth.” While the bank has only just launched its first branch, it will open five additional branches within the next 60 days; and then, wrap up with a total of 22 branches across the country by end of 2022.
Emefienim also noted that the bank would be bullish on the use of technology and other digital solutions to reach the unbanked and deepen financial inclusion among the populace. Dignitaries who graced the launch event included Governor Nyesom Wike of Rivers State, who was represented by the Commissioner for Commerce and Industry, Mrs Ifeyinwa Nwankpa.

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Niger Delta

Edo CP Vows Justice For Slain NSCDC Operatives

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The Commissioner of Police in Edo State, Mr. Monday Agbonika, has vowed to hunt down and bring to justice those behind the killing of eight NSCDC operatives in the State.
Agbonika gave the assurance on Tuesday during an on-the-spot assessment of the attack scene, which also involved the abduction of a Chinese national.
Describing the incident as “a dastardly act that will not go unpunished”, the Commissioner expressed condolences to the Edo State Command of the NSCDC.
He paid tribute to the fallen operatives, describing them as “gallant personnel who paid the ultimate price in the line of duty.”
“We stand in solidarity with the NSCDC in this grief. Their sacrifice will not be in vain, and Edo people should expect justice”, Agbonika said.
In a separate meeting with Chinese community members at BUA Cement, Okpella, the police chief assured that efforts were ongoing to rescue the abducted expatriate alive.
“Our men are on the ground, and operations have been intensified. We are determined to rescue the kidnapped victim and prevent further incidents in the area”, he said.
Agbonika appealed for calm among residents, urging cooperation through timely and credible intelligence to aid ongoing security operations.
“Security is a collective responsibility. We call on residents to support us with information. Together, we will defeat criminals threatening Edo’s peace”, he added.
He reaffirmed the command’s commitment to protecting lives and properties, stressing that it would not relent until the attackers were arrested and justice delivered.
The Tide’s source reports that the Okpella attack occurred on Friday.
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Niger Delta

Police Nab Suspected Illicit Drugs Dealer In Delta

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The Police Command in Delta State has arrested a suspected female illicit drugs dealer in Ughelli North Local Government Area of the state.
The command’s Spokesman, SP Bright Edafe, disclosed this in a statement made available to newsmen in Warri on Wednesday.
Edafe said the suspect was nabbed alongside her three apprentices on August 29 by the police operatives attached to the Ughelli Area Command.
He said the operatives carried out the raid following credible information on the activities of some individuals that indulged in the sale of illicit drugs within Afisere/Ughelli town.
“The operatives trailed and arrested a drug baron who operates a chemist store in Afisere Community alongside three of her apprentices.
“The suspect led the operatives to her house at Afisere and a search warrant was executed.
“Exhibits recovered from the suspects included: 355 bottles of CSC codeine, 57 rolls of 50MG tramadol capsules, 335 rolls of 100mg tramadol capsules.
“Others were: 33 rolls of 200mg super royal, seven backwoods, 540 sachets of swinol capsules and 16 cups of Canadian liquid cannabis”, he said.
The police spokesman said investigation further revealed that the suspect was a major dealer in illicit drugs in Ughelli and its environs.
Edafe added that investigation in the matter was ongoing.
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Niger Delta

C’River Assembly extends Bekwarra LG Chairman’s Suspension By 3 Months

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The Cross River State House of Assembly has extended the suspension of the Bekwarra Council Chairman, Ms. Theresa Ushie, to 90 days.
Speaker of the Assembly, Mr. Elvert Ayambem, made the remark on Wednesday during plenary.
The Tide’s source recalls that Ushie was suspended on June 10 for three months on allegations of corruption, misconduct and abuse of power.
The suspension followed a petition from the Bekwarra Local Government Legislative Council, signed by eight of its members, who also attempted to impeach her.
Ayambem explained that the extension was to allow the House Committee on Judiciary, Public Service Matters, Public Petitions and Conflict Resolution more time to investigate the petition written against the chairman by the Bekwarra Legislature.
The House had earlier deliberated on a motion calling for the extension of the office of the LGA Acting Chairman, Mr. Egbung Obama, before agreeing to extend Ushie’s suspension.
In his remarks, Chairman of the Investigative Committee and member, representing Abi State Constituency, Mr. Davies Etta, said the committee needed more time to carry out a thorough investigation.
Ushie was elected as Bekwarra Local Government Council Chairman and sworn-in in November 2024.
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