Business
Enugu Bankers’ Committee Rewards Three For Outstanding Performance
The Enugu Bankers’
Committee has given three awards for outstanding performance by banks and bankers in the area for 2013.
Reports say that the awards were presented at the weekend at a well-attended dinner and awards ceremony.
The Banker of the Year award was won by Mr Charles Anyaokie of Unity Bank Plc., while Zenith Bank Plc., won the Most Efficient Cash Handling and Processing Award.
Similarly, Union Bank Plc., won the award for Effective Participation in Development Financing.
The Branch Controller of the Central Bank of Nigeria, Enugu, Mr Patrick Okonkwor, said it would soon embark on the sensitisation of the citizenry in respect of the cashless policy which would be extended to the state from July 1.
He regretted that the ceremony could not hold in 2013 because of exigencies of the time.
In a lecture on the bank’s cashless policy, the Cashless Champion of the CBN, Enugu branch, Mr Franklin Umeh, described cash as an integral element that fuelled many vices in Nigeria.
Umeh listed some of the consequences of huge cash transactions as inefficient treasury management, corruption, kidnapping, armed robbery, election rigging and revenue leakages, among others.
He acknowledged that in spite of its numerous benefits, the cashless policy also came with its challenges.
Umeh identified some of the challenges to include lack of confidence, low level of internet penetration, lack of regulatory framework for e-payments, inadequate banking system and high rate of illiteracy.
He, however, said that the cashless policy remained an innovative platform of doing business the other way with reduced risk, but with an enhanced comfort.
Governor Sullivan Chime of Enugu State was represented on the occasion by the Commissioner for Local Governments, Mr Okey Anih.
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Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
Business
PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth
