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Governor Sanwo-Olu unveils Optimus Bank



Governor Babajide Olusola Sanwo-Olu has unveiled Optimus Bank, the latest addition to the Nigeria’s financial space in grand style.

The governor, in his speech, emphasized the bank’s potential to further drive economic growth and stability in Lagos state. He said, “Optimus Bank will not only play a crucial role in the banking sector and the established organizations but also in start-ups and SMEs. They are set to lift the people out of poverty.”

The governor also praised Optimus Bank for employing cutting-edge technology and innovative practices, which aligns with the state’s push for technological advancement and financial modernization.

The governor further commended the commitment of Optimus Bank towards being customer-centric stating that the bank has “the interest of its customers at heart and is ready to journey with each customer individually.”

He also stated that Optimus bank service “will take personal banking to another level” and is willing to collaborate with not just Lagos state government in every sector but also with Nigeria in financial transactions.

He acknowledged that Optimus Bank is ”People-centric and consumer-focused” and implored Nigerians to “explore the services and encourage Optimus Bank with the changes it will bring.”

The governor further assured Optimus Bank of the support of the Lagos state government and promised to continually improve the business environment where safety of lives and properties is a priority and make Lagos state conducive for business to thrive.

In the same vein, the Managing Director of Optimus Bank, Dr Ademola Odeyemi stated that Optimus Bank is a “beacon of hope” and “a catalyst for new opportunities.” He said, “We are committed to empowering individuals and enterprises and to being a positive force in the society. Customer obsession is the core of our existence. At Optimus Bank we embrace innovation and we assure our customers of our support through every stage of their journey.”

Speaking on the unique strength of Optimus Bank and how it plans to leverage it’s strength into helping the bank succeed in the coming years despite the tough competition in the banking space, Ademola Odeyemi said, “The banks in the sector today also started at a time just like Optimus bank and we are not intimidated by their height. On our strength, we have the right people and we have the right technology.

We have the right product for everyone, from children down to people in their seventies. We have for people in Diaspora. We have all sorts of products designed to meet the needs of people. We have young people who are seasoned professionals who understand the language.”

Dr Ademola Odeyemi added that Optimus bank has invested heavily in technology amd cyber security and was ready to protect the interest of its customers. He stressed that the strategic ambition of optimus bank is to play a critical role in financial inclusion.

He mentioned further that this will be done by pioneering digital solutions, Empowering businesses, making use of Agent banking service to reach their customers and seeing to the growth of their staff.

Also speaking at the opening, Yewande Ige, the Executive director of Optimus Bank, encouraged Nigerians to give the bank a trial and “discover the benefits loaded in Optimus bank for customers of every age group including the young people.”


5 not-so-obvious signs you’re a horrible boss and employees probably hate you




Recently, a lot of attention has been given to bosses who create a toxic atmosphere at work, but the truth is that many toxic bosses lack self-awareness, and introspection is hard, so let’s help them with some clarity.

Here are five not-so-obvious signs you’re a terrible boss:

This is often a gaslighting technique used to make people take on things that aren’t really part of their job description, because how else can a boss rationalise forcing all his or her employees to attend their colleague’s naming ceremony or wedding and contribute money towards it? You can’t enforce what people use their private time and money to do.

Another way the “we are a family” phrase leads to toxicity is sending employees on errands that have nothing to do with work, like picking up your laundry.

We are building something big in another phrase toxic bosses say to force you to take pay cuts and work crazy hours. It’s often healthier to differentiate work from family.

A quality of a good boss is tact, and a quality of a bad boss is a lack of tact. There are just some things you shouldn’t say, like sexual jokes such as “I bet you had a wild night last weekend” or “When was the last time you had sex?”.

Also, when passing criticism, you shouldn’t cast aspersions on their character or mutter full-blown insults like, “You are dumb” or “fool” “stupid”.

To expect people to put in their best and even come to the office and not pay them when due is akin to emotional torture. If you can’t pay your employees, you probably shouldn’t hire them in the first place.

If you are sending an urgent email or putting a phone call through by 12 a.m. in the middle of the night, then you are quite toxic. Except that it’s a matter of literal life and death, there is no need to send that mail or put that call through to your employees. The same rule applies on weekends and when they are on vacation.

Before you schedule a long meeting, ask yourself, “Can this be an email?” If you love to waste everyone’s time in meetings that really don’t add to productivity, then rest assured that your employees or subordinates probably hate you.

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Presidential fiscal committee to end obsolete taxes, says Taiwo Oyedele




Taiwo Oyedele, the chairman of the presidential committee on fiscal policy and tax reforms, says they will be revoking some taxes considered to be unduly burdensome.

Oyedele told the national economic council (NEC), chaired by Vice-President Kashim Shettima, on Thursday, that his team will be looking into suboptimal and obsolete taxes that need to be repealed.

He said the committee will also be enacting new harmonised tax laws, as well as provide a list of taxes and levies — that do not exceed a single digit — for all levels of government.

Listing other expectations from the committee, Oyedele said they would also produce a new national policy on tax and fiscal policy for ratification by the federal and state governments after reviewing the 2017 national tax policy.

He said the committee will also be providing a national fiscal risk framework for efficient fiscal governance, fiscal consolidation, and stability.

The fiscal policy expert told NEC that the committee will draft bills for constitutional amendments on fiscal matters to promote fiscal federalism, as well as enhance the revenue administration system to improve revenue mobilisation.

According to Oyedele, part of the committee’s outcomes include ensuring a robust framework for tax revenue accounting and reporting to improve taxpayer trust and establishing of national office of tax ombudsman, fiscal policy, and tax simplification.

He said the team will also mobilise revenue through tax and non-tax, as well as review the quality of government spending.

“The committee will identify relevant measures to make Nigeria an attractive destination for investment and facilitate inclusive Economic growth,” Oyedele said.

He said they are also expected to review and redesign sustainable debt management as part of the fiscal system.

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Our three subsidiaries paid N474bn tax to FG, says Dangote




Three subsidiaries of Dangote Group paid a total of N474bn as tax to the Federal Government in three years.

An official of Dangote Group, Hashem Ahmed, disclosed this at the opening ceremony of the 18th Abuja International Trade Fair on Thursday.

Ahmed, who represented the multibillion dollar group, disclosed this while speaking on the theme of the fair titled, ‘Sustainable financing and taxation as drivers of the new economy’.

The trade fair was organised by the Abuja Chamber of Commerce and Industry, in conjunction with other private and public partners.

After conveying the greetings and well wishes of the Group President, Aliko Dangote, Ahmed said, “For us, the theme for this year, which focuses on sustainable financing and taxation, is apt, as it resonates with our modus operandi.

“As you may be aware that apart from being the highest employer of labour in the private sector, the Dangote Group is also the biggest tax payer. In just three years, Dangote subsidiaries paid a staggering N474bn to the Federal Government.

“These are Dangote Sugar, Dangote Cement and Dangote Salt, combined. This corridor of sustained financial support by the Dangote Group is in addition to several empowerment/skill acquisition programmes, Corporate Social Responsibility programmes, sponsorship and philanthropic schemes, running into several billions of naira.”

He said the group was also pleased that the Federal Government was pursuing a tax reform policy that would help expand the tax net and provide necessary financing for the development of the country’s infrastructures.

Also speaking at the event, the Minister of Industry, Trade and Investment, Doris Uzoka-Anite, said the government had announced a plan to support small businesses and startups in Nigeria in response to the country’s current economic challenges.

Uzoka-Anite, who was represented by the Director, Commodity and Export, FMITI, Kaura Irimiya, stated, “We intend to spend N75bn by March 2024 to strengthen the manufacturing sector. We also intend to provide small grants to micro businesses in each to the 774 Local Governments of the federation.

“We have also earmarked a fund of N75bn that will be used to support up to 100,000 start-ups and MSMEs at single digital interest rates repayable over 36 months.”

She added that last week, “we launched the National Technology Export programme, in partnership with Microsoft and earlier this year, we launched the over $600m investment in Digital and Creative Enterprises programme, in partnership with African Development Bank and other partners.”

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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

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