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Zenith Bank Chairman, Jim Ovia Expresses Optimism For More Investments In The Nigerian Economy

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The Founder/Chairman of Zenith Bank, Mr. Jim Ovia has expressed optimism for more investments in the Nigerian economy.

This is coming few days ahead of the second-quarter earnings season with investors keen on expected future earnings as a guide to positioning for investments in the Nigerian market.

According to him, Nigeria is almost a virgin land, waiting for tremendous opportunities of investments in different sectors of the economy like banking, agriculture,and manufacturing, amongst others.

Citing Zenith Bank as an example. Mr. Ovia added that Zenith Bank, which started with a $4 million investment, has grown to $16 billion, recording thousands of percentage increase.

He made this statement during an interview with CNN Marketplace, where he addressed investors and entrepreneurs alike, stating that about 30 years ago, investments in Nigeria that could metamorphose to over 2000% growth were not prevalent.

Yet today, the country is brimming with businesses and startups that possess exponential scalability and more bubbling capabilities. He advised that investors should look out for promising sectors, consider larger investments and remain committed to growth.

Watch full interview below:

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Why Governor Fayemi, El-Rufai And Emir Sanusi Are Attending WEF In South Africa Despite FG’s Boycott —- Min. Of Foreign Affairs

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The Minister of Foreign Affairs, Geoffrey Onyeama, on Thursday, said that governors already attending the World Economic Forum (WEF) in South Africa is not an affront to the decision of the Federal Government of Nigeria.

According to him, those governors and other individuals were already in South Africa before a decision was reached for Vice President Yemi Osinbajo to boycott the WEF due to xenophobic attacks in South Africa.

The Kano Emirate Council had shared the photographs of Fayemi, alongside the Kaduna State Governor Nasir El-Rufai; and the Emir of Kano, Muhammad Sanusi, at Africa in the World conference holding in Stellenbosch, South Africa.

Briefing State House correspondents in Abuja, he also pointed out that the WEF is an international function, which was not organized by South Africa.

“The forum started a long time ago and the governors were already there before our decision was taken”, he said.

According to him, Nigeria only stated a position that its top officials would not be in Capetown to register its protest against the xenophobic attacks.

Some of the Nigerian governors who have gone ahead to attend the World Economic Forum included the Chairman of the Nigerian Governors Forum, and Ekiti State Governor, Dr Kayode Fayemi, and Nasir El-Rufai of Kaduna State.

Other Nigerians participating at the forum include a former Minister of Education, Obiageli Ezekwesili.

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Dangerous Romance! Couple Fall From 9-Storey Building While Having Hot Sex

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A woman has been killed after falling from the ninth floor of a block of flats in Russia while having sex, but her partner survived after landing on top of her.

The woman, aged 30, was found dead at the base of an apartment block in St Petersburg on the night of July 5 during what neighbors described as a wild party.

Witnesses said they saw a television thrown from the window of the flat, after which the woman and her 29-year-old lover plunged to the ground below.

The woman landed head-first on the asphalt and died instantly, local media reported, but the man survived after his fall was broken by her body and nearby bushes.

Witnesses told local media that the partially clothed man then got up and went back to rejoin the party.

Police were called, and when they arrived the revelers allegedly threw a mop out of the windows at them.

Initial reports suggested the woman had been killed by the falling TV, but images from the scene clearly show her naked from the waist down.

After interviewing witnesses, investigators concluded that the couple were having sex on a windowsill when they fell.

Two other men were in the flat when the fall happened, but are not thought to have been involved.

A murder investigation has been launched.

NAN

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CAN Denies Knowledge Of Solidarity Visit, Says COZA Pastors Are On Their Own

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The Christian Association of Nigeria, CAN, has disassociated itself from the purported solidarity visit to Commonwealth of Zion Assembly last Sunday.

In a statement issued on Monday, the National Director of Legal and Public Affairs, CAN, Evangelist Barrister Kwamkur Samuel Vondip, said that the purported solidarity visit and video had nothing to do with the group.

He also stated that the pastors seen in the viral video visited the church based on their personal interest, as he explained that the Pentecostal Fellowship of Nigeria, PFN, has already constituted a panel to investigate the rape allegation against the Senior Pastor of COZA, Pastor Biodun Fatoyinbo.

The statement reads;

The attention of the President of CAN, Rev. Dr. Samson O. A. Ayokunle has been called to a report and a video clip going round that Christian Association of Nigeria has sent her officials to Commonwealth of Zion Assembly(COZA) Church to stand by the Senior Pastor Biodun Fatoyinbo on the rape allegation against him.

This message is to categorically inform the Christian leaders, the general public and all lovers of truth that CAN or the President of CAN did not approve and knows nothing about such a solidarity visit.

Those who did so did it on their own. We stand by our earlier release on this issue that while we would never support any act of immorality from whatever quarter, we would not jump into passing judgement without thorough investigation of the matter.

The President of CAN is in communication with the President of the Pentecostal Fellowship of Nigeria (PFN), Rev. Dr. Felix Omobude and has given the right to investigate the allegations to PFN and then revert to CAN. We can tell you that PFN has already constituted a panel that is investigating this matter and in less than two weeks, the outcome of the investigation will come out. We urge all our Christian brothers and sisters to know that this is the position of CAN. We would not spare anyone who is found wanting from facing appropriate disciplinary measures.

We appreciate sincerely the prayers and support of the Christians and all peace loving Nigerians for the Church and the nation.

Evangelist Barrister Kwamkur Samuel Vondip
National Director of Legal and Public Affairs,
Christian Association of Nigeria.
15th July, 2019

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