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Nigerian Economic Summit Group Appoints Two New Vice Chairmen

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The Nigerian Economic Summit Group (NESG), has appointed Mr Niyi Yusuf and Mrs Onyeche Tifase, who are presently Non-Executive Directors as new Vice-Chairmen of the board.
The NESG disclosed this in a statement made available to newsmen last Wednesday in Abuja.
NESG is a private sector led think-tank organisation that promotes sustainable growth and development in the Nigerian economy.
The group said that their appointment followed the retirement of Mrs Sola David-Borha, the former Chief Executive Officer of Stanbic IBTC Holdings Plc and Mr Nico Vervelde, the former Managing Director in 2017.
According to NESG, the new appointees are to serve in this new capacity, taking up responsibilities that come with the position, thereby representing and conversing on behalf of and in the interest of the group.
Yusuf is the Country Managing Director of Accenture Nigeria.
Before his appointment, he was the Senior Executive responsible for the Systems Integration and Technology Group of Accenture Nigeria.
He graduated from Obafemi Awolowo University, Ile-Ife, Osun with a Bachelors of Science Degree (Combined Honours) in Computer Science and Economics in 1990.
Yusuf joined Accenture (the then Arthur Andersen) in 1995 after a four-year stint with JKK, a Nigerian IT company.
The new vice chairman has worked in Nigeria and offshore implementing IT enabled business solutions for clients in banking, insurance, manufacturing, telecoms, public sector and oil and gas industries.
Also, Tifase is an experienced Engineering Professional with extensive experience in the power, engineering and consulting industries.
She is a graduate of Electrical and Electronics Engineering from the University of Nottingham, UK, and completed her Master’s degree in Electrical Engineering from the University of Cambridge.
She started her career with Siemens in 2001, as an Engineer in the Power Distribution Division of Siemens Plc UK and, thereafter, progressed up the ranks taking up other key roles in Siemens Germany and Siemens USA.
Onyeche worked with Accenture Nigeria from 2006 in the area of management consulting, and in 2009 joined Siemens Nigeria as Deputy General Manager Medium Voltage and Transformers Business Units.
Onyeche’s career path and achievements over the years led her to become the first Nigerian Managing Director, Chief Executive Officer of Siemens Nigeria effective November 1 2014.
Yusuf and Tifase will join Mr Asue Ighodalo, Founding Partner, Banwo as the Second Vice and third Vice Chairmen respectively, while Mr Kyari Bukar remains the Chairman of the Board.

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Western Marine Command Intensifies Anti-Smuggling Operations … Intercepts N8.75m Worth PMS

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For officers and men of the Western Marine Command of the Nigeria Customs Service (NCS), the battle is not over until smuggling is over.
In the wake of Wednesday May, 8, 2024, the ever vigilant officers, acting on a tip-off, intercepted 177 sacks and 61 kegs of 25 litres containing petroleum products, valued at about N8.750,000million.
The items were intercepted along Isalu Creek, Badagry Waterway en-route Benin Republic.
While briefing newsmen, the Command’s Customs Area Controller, Comptroller Paul Bamisaiye, said: “This seizure is most economically significant to the Command at this period of scarcity of Petroleum Products, especially Premium Motor Spirit (PMS) in our cities, and shows the anticipatory posture in our response to economic saboteurs.
“At about 2:330hrs on Wednesday 8th May 2024, while on joint patrol by teams in the Command, credible intelligence was received of the movement of 2 boats laden with what was suspected to be petroleum products concealed in sacks. Upon receipt of the information, the team moved into Isalu creeks, Badagry waterway.
“On sighting the approach of the Officers, the smugglers took to their heels through the shore of the Creek. The loaded boats were then towed to the station at Badagry where preliminary examination was conducted and transferred to Western Marine Command Headquarters, Ibafon, Apapa, Lagos.
“Careful examination at the Command Headquarters revealed that the arrest was found to contain One Hundred and Seventy Seven (177) Sacks and Sixty One (61) Kegs of 25 Litres Premium Motor Spirit (PMS) containing Twelve Thousand Five Hundred (12,500) Liters with a total Duty Paid Value standing at Eight Million Seven Hundred and Fifty Thousand Naira (N8,750,000) only”.
Bamisaiye noted that the action of the smugglers is a contravention of Section 245 & 254 of the Nigeria Customs Service Act 2023 which the service, through Western Marine Command, is responsible for enforcing.
“The Command, under the leadership of Compt. PK Bamisaiye, is poised more than ever to rid the waterways of all acts of smuggling and economy sabotage for the benefit of the growth of economy of Nigeria”, he said
Bamisaiye said so far, no suspect was arrested in the Command’s anti-smuggling operations.

Nkpemenyie Mcdominic, Lagos

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Illegal PMS Trading Booms In Lagos

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Petroleum products  being sought by motorists have disappeared from virtually all filling stations within Lagos and its environs, but are now booming in business in retail outlets.
Investigations by our correspondent revealed that while the product could not be got at some of the petrol service stations, activities are in top gear in the local retail outlets where the price has gone beyond the reach of users.
It was also gathered that in some filling stations supplied with the products, preference are often given to retail outlet operators by petrol attendants against the consuming public.
A source, directly involved in the business, said some petrol dealers are cashing on the irregular supply to divert the products to retail outlets where they could easily make their gains.
It was also gathered that some sales representatives in the service of major oil marketing firms indulged in the diversion exercise because of their personal interest.
At the retail outlets a liter goes for N950,00 against the normal N760,to N800 at some stations.

Nkpemenyie Mcdominic, Lagos

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Customs Board Appoints Five DCGs, Eight ACGs

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The Nigeria Customs Service Board (NCSB) has confirmed the appointment of five Deputy Comptroller-Generals (DCGs) and eight Assistant Comptrollers-General (ACGs) of Customs during its 59th regular meeting.
The meeting, chaired by the Honorable Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, was held at the Nigeria Customs Service Headquarters in Abuja last Tuesday.
National Public Relations Officer of the Service, Chief Superintendent of Customs, Abdullahi Maiwada, who disclosed this in a statement yesterday, gave details of the confirmed appointments as: O.O. Peters (DCG /Commander, Training and Doctrine Command (rtd); B.M. Jibo (DCG Enforcement Inspection & Investigation); and B.U. Nwanfor (DCG Excise, Free Trade Zone & Industrial Incentives).
Others are: S.A. Bomia (DCG, Commander Training and Doctrine Command); and C.K. Niagwan (DCG, Tariff & Trade).
The Assistant Comptrollers General (ACGs) are: B. Imam (ACG Board); A.A.S. Oloyede (ACG, Trade & Tariff); S.K. Dangaldima (ACG/Zonal Coordinator, Zone ‘B’); A. Abdul Azeez (ACG/Zonal Coordinator, Zone ‘D’); S.A. Yusuf (ACG, Human Resource Development); N.P. Umoh (ACG, Training and Doctrine Command); C.O. Obih (ACG/Zonal Coordinator, Zone ‘C’); and S. Chiroma (ACG, Strategic Research and Policy).
The new appointments, according to the statement, were made to fill the vacancies created by some senior officers who recently retired from the Service, noting that the principles of federal character, seniority and merit guided the appointments approved by the board.
“These appointments are a testament to the officers’ exemplary services and dedication to the Nigeria Customs Service. The NCSB remains committed to providing strategic leadership to ensure effective and efficient service delivery for optimum performance”, he said.
While thanking the retired members of the management for their meritorious services, the Comptroller General of Customs, Bashir Adewale Adeniyi, congratulated the newly confirmed officers and charged them to redouble their efforts to ensure the service attains greater heights in its mandates of revenue generation, suppression of smuggling, and trade facilitation amongst others.

Nkpemenyie Mcdominic, Lagos

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