Niger Delta
Bank Woos C’River Workers With Loans
A leading financial institution in Nigeria and beyond the shores, Fidelity Bank Plc has again introduced to the market great innovations and products aimed at empowering its customers and increasing their purchasing capacities to keep them more active for longer time within their business net.
Delivering a seminar to present those products to all Directors and Heads of administration of Ministries, Departments and Agencies in the Cross River State Civil/Public Service during their quarterly meeting with the Head of Service, held at Lamoni Munche, new secretariat, Calabar, the Head, Consumer Finance of the Bank, Mr. Edet Eni, said the Management of Fidelity Bank Plc is pleased to offer consumers loans to employees of Cross River State under the following terms and conditions. Personals loan, Fidelity Easy Asset Leasing Scheme (FEALS) and Instant Salary Advance.
Under Personal loan Mr. Ene said, an individual can assess up to N10m depending on his or her net salary and to pay back within five years. While Fidelity Easy Asset Leasing Scheme an individual can still pick up assets worth N10m and pay up within a good duration of 4years while under the Instant Salary Advance, a staff can get 50% of his or her net salary and pay back within 30 days, adding that Retail Mortgage on Fidelity Easy Assets Leasing Scheme is put at only 20%.
According to him, the aim of the scheme is to enable employees acquire properties, meet personal financial obligations, purchase vehicles and home appliances. On repayment schedules, Mr. Eni says the expected source of repayment would be from monthly salaries and allowances of employees, while the interest is 28% per annum. That management and commitment fees stood at 1% each but subject to change due to Central Bank of Nigeria regulations and market conditions.
Speaking further, Mr. Eni says collateral will include letter of introduction from employer confirming employment status, salary, allowances or terminal benefits and irrevocable domiciliation of salary with Fidelity Bank throughout the period of the loan. Standing order authorizing the bank to debit his or her salary account for monthly or annually repayment until full liquidation of the facility.
An irrevocable letter of undertaking by the beneficiary to employer confirming among other things that his or her salary account will continue to be domiciled with Fidelity Bank Plc throughout the duration of the facility and in the event of exits from the employment, terminal benefits should be paid into his or her salary account with Fidelity Bank. Adding that, the scheme is back up by Credit Life Insurance Policy brokered by Fidelity Insurance Brokers with Fidelity Bank noted as first loss payee.
Speaking on additional benefits to staff, Mr. Eni said staff will have access to additional facility that would enable them meet up with urgent financial obligations like internet banking, credit card up to 50% net of their monthly salaries and automated teller machine card.
Friday Nwagbara, Calabar
News
King Jaja Impacted Beyond Rivers -Deputy Gov
Rivers State Deputy Governor, Professor Ngozi Odu, has poured accolades on late Amayanabo of Opobo, HRM Dandeson Douglas Jaja V, saying his footprints went beyond the State.
Speaking during a condolence visit to the wife of the late king, Prof. Odu said the late monarch contributed meaningfully beyond the shores of Rivers State.
“He contributed not only to Opobo, not only to Rivers State, but to Nigeria as a nation. We all know the various positions he held until his passing. For us as a Commission, we are really going to miss him greatly, especially at this time when his guidance was most needed,” she stressed.
She described the late king as a distinguished traditional ruler whose life and service contributed immensely to the development of Rivers State and Nigeria at large.
The deputy governor, who also serves as Chairman of the Rivers State Boundary Commission, noted that until his demise, King Jaja was an Ex-Officio member of the Commission, representing Rivers South East Senatorial District.
According to her, the late monarch actively participated in several meetings of the Commission and played an important advisory role.
“He actually participated with us in a couple of meetings. It was with great shock that we received the news of his passing. We saw daddy as someone who was very strong, healthy and athletic,” Prof. Odu said.
Prof. Odu explained that the Commission relied heavily on the wisdom of traditional rulers like the late monarch to ensure that its responsibilities were carried out properly and conscientiously.
She assured the family of the Commission’s continued support, saying they will remain close to the family throughout the burial arrangements and beyond.
Addressing the widow, Queen Prudence Dandeson Douglas Jaja, Prof. Odu said the visit was to commiserate with her and encourage her during the period of mourning.
“Please accept our condolences. Please be strong and put your hope in God. The God who watches over widows will never abandon you,” the deputy governor prayed.
“We cannot question God. What has happened has happened. All we can do is to pull ourselves together. That is why we are here to pray that the Holy Spirit will strengthen you, that God will turn your sadness into joy and clothe you with a garment of beauty,” she added.
Responding, Queen Jaja described her late husband as a gentle, humble man who was deeply committed to the progress of Rivers State, and Nigeria at large.
She expressed gratitude to the deputy governor and other members of the Boundary Commission for identifying with the family in their moment of grief.
“We are praying that his soul will rest in perfect peace. I thank you very much for coming to console me at this trying moment. Seeing you here has given me comfort. God bless each and every one of you,” she said.
She also offered prayers for the delegation, wishing them a long life and good health.
Highlight of the visit was the presentation Letter of Condolence from the Rivers State Boundary Commission to Queen Jaja.
Kevin Nengia
Niger Delta
Former Bursar Savours Leadership Merit Award
The former Bursar of Ignatius Ajuru University of Education, Rumuolumeni, Port Harcourt, Dr Davis Ojima, has expressed delight over the Leadership Merit Award recently presented to him by Ohiauga Community in Igburu Clan in Ogba/Egbema/Ndoni Local Government Area of Rivers State, describing it as a befitting crowning moment in his life.
Dr Ojima, who made the remarks while speaking with newsmen shortly after receiving the award, said it was an endearing milestone to be considered by his community for that rare honour, and expressed gratitude to the community for recognising his modest contributions to the development of the area.
The former Bursar, who is still in active public service, noted that the honour done to him came at a time when he least expected it, and thanked God for the rare privilege, as well as providing him the opportunity, the enabling environment and zeal to contribute his quota to the development of the area.
Dr Ojima, therefore, assured the people that he would remain committed to promoting peace, unity and sustainable development initiatives in the community.
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