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Ndoma
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Ndoma
Five Highest Paid Nigerian Bank CEOs In 2020, One Drops
~3.3 mins read
In 2020, during the COVID-19 season, while low and middle income earners were struggling to keep their jobs, Chief Executive Officers of top Nigerian banks were raking in millions of naira.
Operations of the banking industry was hit by the pandemic, forcing the lenders to adopt cost saving measures as they shrinked their operation, but this had little or no impact on the earnings of the industry's CEOs.
Breaking: NNPC declares N287bn profit for the first time in 44 years, Buhari excitedFindings by Legit.ng showed that out of the top five most valued Nigerian banks, Guaranty Trust Bank (now GTCO), Zenith Bank, Stanbic IBTC, Access Bank and United Bank of Africa, only one CEO recorded a dip in his earnings.
Herbert Wigwe, Ebenezer Onyeagwu, Segun Agbaje, Demola Sogunle, Kennedy Uzoka. Photo: Guaranty Trust (T-R), Hajiya Dasuwa Maryam (B-R), Gibson Valentine (B-L) CIBN (C), Kennedy Uzoka (T-L)
The CEO position of the aforementioned banks are male dominated, and the earnings reported in this story is solely based on their direct and indirect investment in the company for 2020 full year.
From bottom to top: Highest earning Nigerian bank CEO
Demola Sogunle
You might not have heard Sogunle's name, that's because he's one of the silent CEOs, and running Stanbic IBTC in the shadow of Atedo Peterside, the bank's founder.
Sogunle holds direct investment of 2.07 million in Stanbic IBTC, and this earned him N7.46 million in 2020, surpassing the N4.14 million he was paid in 2019.
Opinion: Isa Pantami is one of the most charismatic ministers in Buhari's administrationKennedy Uzoka
While UBA is mostly associated with Tony Elumelu, the company's CEO is Uzoka, who has 37.17 million direct holding shares in the lender as of December 31, 2020.
UBA paid him dividend of N19 million for this direct investment last year, but the payment is lower than the N41.26 million Uzoka received in 2019 due to reduction in 2020 dividend.
Segun Agbaje
Agbaje was one of the most influential CEOs in the Nigerian banking industry last year before he retired from the position to become the chairman of GTBank's parent company, Guaranty Trust Holding Company.
But before he stepped down, Agbaje earned N124 million in 2020. This is higher than the N116.53 million he was paid a year before thanks to the 32.14 million direct shares and his indirect holdings of 9.48 million shares as of Full Year 2020.
Ebenezer Onyeagwu
Onyeagwu is the Group Managing Director of Zenith Bank, where he holds 46.50 million direct holdings as of December last year. He doesn't hold indirect shares in the lender.
Noor Takaful Declares N36m Surplus Payment for Policyholders, Unveils New ProductDespite this, he ranks high among the top earning CEOs from dividend shared in 2020, as Onyeagwu collected N139.50 million for his investment, higher than the N130.20 million he received in 2019.
Herbert Wigwe
The Access Bank CEO topped the list as he holds the highest direct and indirect shares among the top five executives heading the most capitalised banks in Nigeria.
Wigwe holds 201.23 million Direct shares and Indirect shareholding of 1.31 billion as of December ending of 2020 through three companies, United Alliance Company of Nig. Ltd, Trust and Capital Limited, as well as Coronation Trustees Tengen Mauritius.
These investments earned him N1.21 billion in twelve months of 2020, surpassing the N936.98 million Wigwe received in 2019, as his Indirect holdings increased from 1.24 billion shares.
Wizkid Ranks Low Among Top Ten Nigerian Instagram Earners
In related earning list, Legit.ng had previously reported that Nigerian female celebrities overshadowed their male counterparts on the top ten earning Instagram celebrity list.
Eight female Nigerian celebrities occupied the list, while Davido and Wizkid were the only male listed, but the latter ranked low among the top five.
Source: Legit
Frankluiz
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Frankluiz
These States Have Announced The Resumption Date For University, Secondary And Primary Schools.
~3.4 mins read
PThe state minister of education Mr. Chukwuemeka Nwajiuba has given the announcement that state government will choose the most suitable time for school to resume based on the COVID19 safety protocols.
Among all 36 states there are still some states that are yet to announce Resumption date for schools.
Checkout states that have announced Resumption date.
Abia state: 28th September
Adamawa State: 12th October
AkwaIbom State: 28th September
Tertiary- State University and state college of education 21st September 2020, State Polytechnic 5th October 2020.
Anambra State: 14th September
Bauchi State: 5th October
Bayelsa State: 5th October
Benue State: 21st September
Borno State: 14th September
Delta State: 21st September, 2nd October for Tertiary.
Ebonyi State: 5th October
Edo State: 6th October
Ekiti State: 5th October
Enugu State: 28th September
Gombe State: 4th October
Imo State: 5th October
Kano State: 11th October
Katsina State: 5th October
Kebbi State: 4th October
Kogi State: 14th September
Kwara State: 5th October and 12th October for Tertiary.
Lagos State: 21st September
Nasarrawa State: 5th October
Niger State: 5th October
Ogun State: 21st September
Ondo State: 14th September (JS3only)
Osun State: 21st September
Oyo State: 21st September, Tertiary 28th September
Plateau State: October ending
Rivers State: 5th October
Taraba State: 21st September
States with no date yet.
CrossRiver
Jigawa
Kaduna
Sokoto
Yobe
Zamfara
FCT
All schools should not forget to follow the COVID19 safety protocols being laid out by the PTF.
Please like, comment,share and follow me for more updates.
RachaelB
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RachaelB
NASS Legislative Aides Issue 48-Hour Ultimatum Over Unpaid 2019 Salaries -
~1.3 mins read
Legislative aides to members of the National Assembly have written to the President of the Senate, Ahmad Lawan ; Speaker of the House of Representatives , Femi Gbajabiamila; Chairman , National Assembly Service Commission, Ahmed Amshi; and Clerk to the National Assembly, Amos Ojo , to protest against unpaid salaries.The aides, under the auspices of the National Assembly Legislative Aides Forum , in a letter dated December 13 , 2020, also issued a 48- hour ultimatum, from Monday , to the management to clear the backlog of unpaid salaries, failing which they would picket the premises.The letter titled, ‘ Continued Refusal to Pay Ninth Assembly Aides Salary Arrears ,’ was copied to the Chairman , House Services ( Senate and House ); Sergeant - at- Arms, National Assembly ; Divisional Police Officer , National Assembly Division ; and the Department of State Services, National Assembly Division .The petition has six signatures, each for the six geopolitical zones: South- South, North -Central , South- West , North- West , South -East and North-East.The signatories , who did not put their names, however , put their telephone numbers beside their signatures.The fresh petition by the aides read in part, “ We are by this letter issuing a 48 -hour notice of our intention to commence series of actions to drive home our demands the payment of our 2019 salary arrears . Starting from Wednesday, 16 th of December, 2020, we shall , among other steps , invoke Section 40 of the 1999 Constitution ( as amended) to embark on peaceful gathering around the precincts of the National Assembly Complex
Esgee8080
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Esgee8080
Call To Bar: Kanayo O. Kanayo's Kinsmen Came To Congratulate Him: Pics & Video -
~1.3 mins read
https://www.youtube.com/watch?v=fWhvxOkyDGQ They came to find out if what they saw all over the social media on September 15th was true, that their son was called to the Bar. I confirmed and urged them to always be on the right side of the Law, I will do my utmost to provide legal services . (1) if you sleep with somebody’s wife, DO NOT CALL ME (2) If you defraud someone, DO NOT CALL ME etc. https://www.instagram.com/p/CJhJG_ij_pC/?igshid=m4wef87tby98 |
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