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ACAMB Elects New Executives, as Bolarinwa Emerges President

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The Association of Corporate Affairs Managers of Banks (ACAMB) – an umbrella association of communications and marketing professionals, working in Nigeria’s banking sector – has elected new executives who will pilot the affairs of the Association for the next two years.

The hugely attended AGM/ election for key positions, saw Mr. Rasheed Bolarinwa, Head, Corporate Communications of Polaris Bank emerged as the new ACAMB President.

First Bank’s Mr. Oze K. Oze was elected First Vice President; Mrs. Lola Egboh of First City Monument Bank (FCMB), Second Vice President, while the new Secretary-General is Mr. Sipe Babajide of Ecobank.

The position of Assistant Secretary-General was won by Mr. Omede Odekina of United Bank for Africa (UBA), while Mr. Patrick Osilaja of Fidelity Bank emerged as the Financial Secretary.

Wema Bank’s Mrs. Funmilayo Falola is the new Treasurer while Mr. Abdul Imoyo of Access Bank will serve as the Association’s Publicity Secretary. Also on the new executive list is Mrs. Ozena Utulu of Heritage Bank as Social Secretary.

Four distinguished members of the Association namely: The immediate past President, a staff from CBN, NDIC, and CIBN respectively are to serve as Ex-officios.

The election of the new officers was held on Thursday, 19 January at the Bankers’ House, CIBN Building, Victoria Island, Lagos.

In his post-election acceptance speech, the new ACAMB President, Bolarinwa, assured members that he would reposition ACAMB as a foremost professional Association that they would all be proud of.

He added that his vision also includes innovating a post-retirement strategy that ensures members have a sustainable livelihood long after exiting the industry.

“I will be committed to my vision, which is to reposition ACAMB as a foremost professional Association that encourages and ensures every marketing communications professional in the Banks aspires and attains the highest level of professional recognition and fulfillment on the job while at the same time being assured of a sustainable livelihood long after exiting the industry,” he stated.

Bolarinwa, who served in the past executive as a two-term Secretary-General, restated his commitment to the upliftment of members in line with his electioneering promises anchored on the four-pillar themed PEAL: Partnership & Platform, Engagement, Advocacy, and Learning & Value-addition (PEAL).

The new President further assured that ACAMB under his leadership would seek partnerships and platforms among strategic institutions and stakeholders with a view to delivering value to members, as well as enhancing professionalism.

He also said his team would embark on advocacy aimed to deepen awareness and knowledge of the banking industry and its contributions to national socio-economic growth.

Earlier, Chairman of ACAMB Electoral Committee, Mr. Segun Shonubi said all aspirants for the advertised position had met minimum requirements as outlined in the Association Constitution and therefore qualify to stand for the election.

A 1996 graduate of Mass Communication, Bolarinwa holds a Master’s degree from the University of Ibadan and an MSc degree from the UNESCO-certified Mass Communication department of the University of Lagos. He is a member of numerous professional bodies. These include Fellow of the National Institute of Marketing of Nigeria (NIMN); Registered Practitioner, Advertising Practitioners Council of Nigeria (APCON), and Member, Nigerian Institute of Public Relations (NIPR).

He has also attended several high-impact function-specific and leadership trainings at top business schools in Nigeria and overseas.

BIG STORY

NAFDAC Workers Begin Indefinite Strike Over Welfare Issues

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The Senior Staff Association of Statutory Corporations And Government-Owned Companies (SSASCGOC), an affiliate of the Trade Union Congress of the National Agency for Food and Drug Administration and Control (NAFDAC), has begun an indefinite strike over issues revolving around staff welfare.

Some of the issues include the review of 2024 promotion examination results, the appointment of directors for public affairs/special duties, training institute, and the reform of promotion examination content.

Others are the creation of a psychology officer cadre in accordance with HOS circular, payment of all pending burial expenses, life insurance and repatriation allowance, and salary arrears for 2022 employees.

In a statement, Ejor Michael, TUC secretary, said the workers had issued a 14-day ultimatum to the agency’s management in a communique dated September 20, 2024.

The statement said another congress of NAFDAC staff was convened on October 4, following the expiration of the ultimatum.

“After careful deliberation, Congress unanimously resolved to embark on an indefinite nationwide strike across all NAFDAC formations, commencing Monday, 7th October 2024,” the statement reads.

“In view of the foregoing, you are hereby directed to down tools by withdrawing all your services in compliance with the strike action.

“This decision is a result of NAFDAC Management’s failure to address the critical issues outlined in the Communique within the given time frame.

“The Congress considers this ongoing inaction insufferable and accentuates that the industrial action will continue unabated until all demands specified in the Communique are fully met.

“In light of this, all staff are advised to remove their personal belongings from their offices, as no one, no matter the rank or cadre, will be allowed entry into any NAFDAC Office (premises) during the strike period.

“SSASCGOC State and Zonal Coordinators are hereby directed to ensure strict compliance with this directive.

“Dear Comrades, your cooperation is greatly treasured to ensure the effectiveness of this indefinite nationwide strike action.

“We will not relent until all issues are satisfactorily addressed.”

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BIG STORY

Netizens React As VeryDarkMan Shares Another Leaked Call Recording Of Bobrisky

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Nigerians have taken to social media to express their thoughts on the latest leaked call recording allegedly featuring controversial crossdresser, Idris Okuneye, popularly known as Bobrisky.

Bobrisky found himself at the center of another controversy following the release of an alleged call recording by social media influencer, Martins Otse, a.k.a. VeryDarkMan.

According to VeryDarkMan, the recording was made on May 16, 2024, and is not a continuation of a previous recording he shared.

In the recording, which VeryDarkMan asserts is a separate conversation from a previous leak tap, Bobrisky purportedly admitted to not being in prison but rather in a well-furnished apartment near the prison, amongst other claims.

The leaked recording has sparked varying reactions on social media platforms, with many Nigerians expressing shock, disappointment, and skepticism about the authenticity of the recording.

On X, formerly Twitter, UGo tweeting as #Oforma19 wrote, “Only small star Maggi person steal them luck am for prison imagine Bobrisky with money laundering case no go prison.”

Wills Media, who tweets as #WillsMedia247 wrote, “Those that Bobrisky trusted are even his worst enemies. He thought he had friends, but it’s a pity he had beasts. Why will a trusted friend bring his guy down for what reason?”

#fm57661959 tweeted, “He-she will tell us the reason he-she gave EFCC some money to drop the money laundering charges if all the money in he-she account is a legitimate money, Aza man-woman.”

#AdeyemiOladip14 tweeted, “How this guy dey see all the call note, shey they don plan say them go koba bob ni abi why all of them dey record their conversations with him, sorry her.”

Olawale tweeting as #WealthyWave04 wrote, “If no be say dem swear for many people for this country, how person go see or hear this level of corruption come still dey blame or criticise who cast the corruption cuz dem no like the person? How na. Tomorrow una go dey shout we want a better Nigeria. Una want better Nigeria with this una behaviour? E no fit work.”

Commenting under VeryDarkMan’s post on Instagram, #real___barlow wrote, “Bob risky no get better friends at all abi who drop this record again?”

#okoruwamiracle commented, “Why bring it here for us to see and hear if you have enough proof? Even if you do, take them to court na abi na we wan judge the case for you or don’t you know that bringing it on social media is and will always remain an allegation? Tell the police, take them to court and judge with your proof.”

#officialbhigshaq commented, “See forget say that Bob dey live that kind of life, but this VDM should just go and chill, this Bob you are dragging went to prison for a weightless crime, almost the 90% of Nigerians have committed. Why don’t you start with what happened during the 2023 election? Forget this bob matter, you are just doing this because you went to prison and you feel he or she didn’t go too.”

Recall that in September, VeryDarkMan shared a purported audio of Bobrisky, claiming he bribed some Economic and Financial Crimes Commission officials with N15 million to drop the money laundering charge against him.

VeryDarkMan claimed to have received the audio record from someone to whom Bobrisky owed money.

Bobrisky, however, denied bribing any EFCC officer to drop money laundering charges against him, saying that he served his jail term.

He had also described the initial viral voice recording as fake, stressing that the claim that he was never in prison was false and should be ignored.

  • What Bobrisky Said In The New Leaked Recording

‘I charge up to $100,000 for influencing’

Popular crossdresser Idris Okuneye, popularly known as Bobrisky, has allegedly stated that he collects up to $100,000 for influencing on social media platforms.

He noted that while many people believe he’s into money laundering and fraudulent acts, his source of wealth is from a genuine source, with one of them being social media influencing.

This was revealed in a video posted by popular social media influencer, Martins Otse, a.k.a. VeryDarkMan, today, Monday, October 7, 2024. The call recording was made on May 16, 2024, according to VDM.

“All the money I have is genuine and the sources are like most of my influencing [sic], like that day I called you that one woman wanted to pay me £10,000, you know I told you that it’s for influencing. So, people don’t know how I charge a lot of money for influencing but I made them understand I charge as far as $100,000 to influence,” Bobrisky allegedly said in a recorded voice call with a male contact whose name remains unknown.

The crossdresser, who was convicted for mutilating the naira in April and sentenced to six months in jail, noted that he had access to his mobile phone while in custody.

The male contact had initially asked if Bobrisky was out of prison before he responded in the negative, then said he hadn’t been talking to people over the phone.

He said, “People have been sending me so many messages but I’ve not been responding because I don’t want anybody to know that I have my phone. I only want to talk to somebody that I know I can trust.

“So if you think you cannot do it, all fingers are equal. Some others do it and trust me, God blessed the hustle. Obviously, I met a very terrible judge who wasn’t fair at all.”

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BIG STORY

Introduction Of FX Matching System Shows CBN Is Committed To Fair Market — Cardoso

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Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), stated that the apex bank’s decision to implement the electronic foreign exchange matching system (EFEMS) demonstrates its commitment to fair and efficient markets.

Cardoso made these remarks while addressing members of the Harvard Club of Nigeria in Lagos over the weekend.

On October 3, the apex bank announced the introduction of the FX matching system.

During the event, Cardoso reiterated that the CBN’s move was aimed at enhancing transparency and providing more accurate oversight of FX transactions.

“Trust is the currency of central banking. If the public loses trust in the institution, the efficacy of its policies diminishes. Our decision to implement the Electronic Foreign Exchange Matching System (EFEMS) is rooted in this understanding,” he said.

“By enhancing transparency and providing more accurate oversight of forex transactions, we send a strong signal that the CBN is serious about fair and efficient markets.”

According to Cardoso, being a leader—especially as the governor of a central bank—often requires making tough and occasionally unpleasant choices.

He emphasised that the bank is a listening institution and is not afraid to reconsider decisions if they fail to meet their original objectives.

“In the face of economic challenges, it is imperative to focus on core objectives—restoring the credibility of the institution, building trust in the financial system, and, most critically, containing inflation,” he said.

“These are not just strategic goals; they are foundational to any meaningful recovery.”

Reflecting on his journey as the apex bank governor, Cardoso noted that when he assumed office, he understood that the credibility of the CBN had to be the foundation of the actions taken by him and his team.

“Without credibility, no policy, however well-intentioned, can succeed. Floating the naira, a decision met with considerable public criticism, was necessary to bring the official exchange rate closer to market reality,” Cardoso said.

“The disparity between the official and parallel rates had encouraged arbitrage and speculation, eroding trust in the market.

“Credibility is earned by consistency. The decision to close this gap, while painful in the short term, sent a message to market participants that the CBN was committed to transparency and sound monetary policy.”

He added that speculative trading had been reduced and stability was gradually returning to the currency markets.

Cardoso mentioned that curbing inflation remained the CBN’s core mission, acknowledging that the apex bank had yet to meet its target.

However, he pointed out that recent declines reported by the National Bureau of Statistics (NBS) in July and August 2024 indicated that the CBN was moving in the right direction.

“Our decision to raise the Monetary Policy Rate (MPR) to 27.25% was a bold move. Higher interest rates, while painful for borrowers, are necessary to curb excess money in circulation and control inflation,” he said.

“Leadership is about making hard choices to secure long-term stability over short-term comfort in moments like these.

“Leading through challenging times means avoiding the temptation to take on too many initiatives.

“The Central Bank must focus on its core mandate—price stability. It is easy to become distracted by various political and economic pressures, but as a leader, one must prioritise.”

Effective communication, Cardoso said, is as important as the right policy, adding that clear and transparent communication builds trust.

“From publishing the results of the Dutch Auction to ensuring regular updates on economic data, transparency has been our guiding principle,” he said.

Cardoso concluded by stating that trust is built on the belief that a central bank will take the necessary steps to maintain economic stability—even when those steps are uncomfortable or politically contentious.

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