Chief Legal Officer of Eko Electricity Distribution Company (EKEDC), Wola Joseph has been named among the top 50 general counsels in Nigeria. The Legal Year 2019 Magazine, a legal publication by LKS Seminars, in its 2019 edition, ranked her 11th out of the top 50 general counsels in Nigeria.
The recognition comes on the back of several achievements and milestones reached by the cerebral counsel.
Wola has vast experience in Nigerian and international corporate law and finance and a great deal of professional experience in the international power sector space. She has led teams to structure and negotiate several syndications and cross-border financing transactions and has been instrumental in the development of effective strategies for ensuring the success of transactions locally and internationally.
Reacting to this recognition, Wola Joseph said “I am humbled to be featured in the top 50 general counsels in Nigeria alongside other highly respected learned colleagues of mine. To be ranked 11th is a great deal and shows that hard work and dedication don’t go unnoticed”.
She praised EKEDC a leader in innovation, performance and strategy in the Nigerian Electricity Supply Industry (NESI) for attracting and retaining serial performers in its workforce and maintaining high standards ethical practice in the delivery of its services. She said she would not have achieved this feat without the support of the organization and her colleagues.
Wola Joseph holds an LLB from the Nigeria premier Institution, University of Ibadan, a BL from the Nigerian Law School and an LLM from the prestigious Harvard Law School, Massachusetts, U.S.A. She is a member of the Nigerian Bar Association, fellow of the Institute of Credit Administrators, a member of the American Bar Association, member of the Institute of Directors, Harvard African Law Association and Harvard Women’s Law Association.
Communications minister, Pantami hails ICT’s contribution to GDP
The Honourable Minister of Communications, Dr Isa Ali Ibrahim Pantami, has hailed ICT’s contribution GDP in the second quarter. In the report released by National Bureau of Statistics (NBS), the contribution of the Information and Communication Technology (ICT) to Nigeria’s Gross Domestic Product (GDP) surpassed that of Oil and Gas in the second quarter of 2019.
The report, released on Tuesday 2nd September, 2019, observed that the country’s GDP grew by 1.94% (year-on-year) in real terms in the second quarter of 2019 compared to the second quarter of 2018, which recorded a growth of 1.50%. Furthermore, the non-oil sector contributed 91.18% to the nation’s GDP in the second quarter of 2019 as opposed to the 8.82% contributed to total real GP by the oil sector. Particularly, the ICT sector contributed 13.85% to total nominal GDP in the second quarter of 2019 which is much higher than the 11.22% contributed in the same period in 2018.
The Honourable Minister observed that the significant contribution of the ICT sector to the GDP is as a result of the concerted efforts of the administration of President Muhammadu Buhari, GCFR, especially the manner in which the implementation of the administration’s Economic Recovery and Growth Plan (ERGP) is being pursued. These efforts, he said, led to a sustained focus on growing the non-oil sector of the economy, especially ICT and the results witnessed are testimonies of impact of these efforts.
The Honourable Minister reiterated the Communications Ministry’s commitment to the economic diversification efforts of the present administration and called on all stakeholders to support Mr President’s laudable initiatives aimed at taking Nigeria to the next level.
FMBN to provide affordable homes for Nigerian workers
The managing director and chief executive officer of the Federal Mortgage Bank of Nigeria (FMBN), Arc. Ahmed Musa Dangiwa said the Bank is committed to providing affordable mortgages to drive home ownership among Nigerian workers.
Dangiwa was speaking when the Director-General of the Industrial Training Fund (ITF) Sir Joseph N. Ari and his team paid him a courtesy call in the bank’s headquarters in Abuja.
In a statement, Dangiwa said providing affordable mortgages to Nigerian workers is done through the National Housing Fund(NHF) Scheme into which Nigerian workers both in public and private sectors contribute 2.5% of their monthly income.
“Through the scheme, the bank has continued to provide affordable mortgage to Nigerian workers and construction finance for housing development. Our National Housing Fund (NHF) individual mortgage loan, granted at 6%, is the most affordable in the country” Dangiwa said.
In his response, the Director-General of the Industrial Training Fund (ITF) Sir Joseph N Ari, commended FMBN on the giant strides in reforming the bank under the present management.
Ari said the purpose of the visit was to provide a platform that the two organisations will work together for their mutual benefits.
He called on FMBN to arrange for a sensitisation workshop for the staff of ITF.
NURTW members protest Oluomo’s emergence as caretaker committee chair
Some members of the National Union of Road Transport Workers (NURTW) in Lagos State on Wednesday marched on the premises of the Lagos State House of Assembly in Alausa, Ikeja.
They protested the emergence of Musiliu Akinsanya aka MC Oluomo as the chairman of the caretaker committee of the union.
The protesters carried placards with inscriptions such as: ‘We say yes to union constitution, we want the government to save our soul in Lagos’, ‘We say no to Lagos NURTW, we say no to imposition’, ‘We say no to self-imposition as NURTW Lagos State chairman’, ‘We say no to thuggery in Lagos NURTW’, and others.
NURTW National President Alhaji Tajudeen Ibikunle Baruwa appointed MC Oluomo as the caretaker chairman, Lagos State chapter of the union.
It was gathered that Baruwa issued a statement on Tuesday dissolving the executive committee of the state chapter hitherto headed by Comrade Tajudeen Agbede, who is now Baruwa’s deputy, and replaced it with an 18- member caretaker committee led by MC Oluomo.
MC Oluomo, the chairman of Oshodi branch, Lagos chapter of the union, is one of those contesting for the Lagos State NURTW chairmanship.
Speaking during the protest, one of the leaders, the Chairman of Ojuwoye NURTW branch, Ademola Olanrewaju, alleged that MC Oluomo’s emergence would cause chaos.
“A meeting was held yesterday and after the meeting, it was decided that MC Oluomo should emerge as the chairman of the caretaker committee.
“Directly or indirectly, they are trying to impose him on us because there was fracas in Abuja and both parties were supposed to be dealt with, but MC Oluomo’s group was exonerated.
“What we are agitating for is that we don’t want MC’s government in Lagos State.
“Lagos State has given us the little it can in terms of empowerment, by giving us what to eat.”
At press time, no government official had addressed the protesters.
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