Rivers
The Tide To Partner RIMA On Loans
Management of the
Rivers State Newspaper Corporation has expressed its readiness to partner with the RIMA Growth Pathway Microfinance Bank (RGPMFB) Limited, a subsidiary of the Rivers State Microfinance Agency.
Giving the assurance when a delegation of the bank met with staff of the corporation, the General Manager, Mr Celestine Ogolo expressed satisfaction with the operations of the bank, saying that the corporation would partner with the bank in various areas.
Earlier, the Managing Director of the Bank, Mr Augustine Nwiyordee enumerated some of the package offered by the bank which include a relatively low interest rate, and no extra charge for delayed payment due to delay in salary payment.
Others he said “are ample time to pay back loan, and availability of salary advance facility at a reduced rate to enable people meet pressing needs.”
He explained further that ‘the uniqueness the bank’s loan scheme is that its interest rate is not determined by the Central Bank of Nigeria (CBN) policy on interests. Rather, it is determined by market.
This, is based on the dictates of the needs of the banks customers, that is, we look at what the market accepts, what people generally accept.
On the extent to which the Bank can cope with the expected pressure from civil Servants who are likely to throng the Bank for loan as a result of low interest rate, Nwiyordee assured that the bank would meet their demands given the fact it is a subsidiary of Rivers State Microfinance Agency.
Sogbeba Dokubo
Rivers
Motor Spare Parts, Industrial Generators Dealers’ Union Swears Gets New Chairman in Port Harcourt
The Owhonda Dickson Motor Spare Parts and Industrial Generators Dealers’ Union operating in Ikoku Port Harcourt, Rivers state has sworn in Mr. Cyril Igbokwe, popularly known as Onyeoma Cy, as its new Chairman.
The brief swearing _in ceremony was held at the union office in Port Harcourt, last Wednesday
In his acceptance speech, Mr. Igbokwe expressed gratitude for the trust and confidence his members had shown in him, despite his perceived educational background compared to others. , “I feel very happy to be the chairman of this great union in this great market. I’m proud of my executives for demonstrating commitment and cooperation.” Notably, the executives raised over ?1 million for the inauguration ceremony within an hour.
The new Chairman promised to tackle key challenges facing the union, including security and indiscipline. He vowed to follow in the footsteps of his predecessor, who he praised for excellent performance, and aimed to possibly do better.
Mr. Igbokwe emphasized maintaining a robust relationship with the host community and conducting his affairs within the ambit of the law.
In his remarks,the Electoral Committee Chairman’, Igwe Amobichukwu Eze Okorie, assured that the elections were conducted in a free, fair, and credible manner. Despite facing challenges such as non-compliance with guidelines and unfounded propaganda campaigns, no formal protest letters had been received.
Also speaking, the Women’s Leader, Lolo Nkechinyere Okolie, expressed faith in the new Chairman, citing his integrity and experience. She highlighted her role in ensuring women’s voices are counted in the union and vouched for the credibility of the election, noting that Mr. Igbokwe was the popular choice among members.
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