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Dickson Urges Bayelsa Residents to Open Bank Accounts for Access to Funds

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Account Opening Week

By Modupe Gbadeyanka

Governor of Bayelsa State, Mr Henry Seriake Dickson, has called on residents of the state to embrace the window created by the Central Bank of Nigeria (CBN) for opening of bank accounts.

The pilot Account Opening Week of the apex bank is slated to run from Monday, December 2 to Saturday, December 7, 2019 in six states including Bayelsa State. Secretary to the State Government, Mr Kemela Okara, is expected to flag off the exercise in Yenagoa.

In a statement issued by the Commissioner for Information and Orientation in the state, Mr Daniel Iworiso-Markson, the Governor urged residents to take full advantage of the initiative to afford them the opportunity to own accounts and be financially included.

According to him, opening the bank accounts would allow them have access to insurance, funds to run their businesses as well as other benefits.

He commended the central bank for initiating the programme, saying the choice of Bayelsa among the pilot states was exciting and a great opportunity for the people.

“I want to encourage all Bayelsans to make full use of this opportunity because opportunities like this do not swing by always.

“The opening of accounts can be done with or without money and cuts across different Central Bank licenced banks. Therefore, those who do not have bank accounts should not let this chance slip by because this will set them up for greater access to government and other empowerment programmes.

“It is very important that every resident of Bayelsa is financially included which will boost business operations in the state and set the pace for greater economic development and industrialization,” the Governor was quoted as saying in the statement.

He further said, “Bayelsa is the only state in the South-South geo-political zone where the exercise will be carried out, which affords all indigenes of the state an opportunity for financial inclusion.

“This will prim them for benefits such as access to insurance, pension and other facilities that will make their lives better.”

Mr Seriake added that the CBN’s latest move on financial inclusion was in line with his administration’s efforts in ensuring that Bayelsans have access to funds to establish and grow their businesses.

He further added that it was in that regard that the Izon Micro Finance Bank was set up in each of the eight local government areas in the state, and that the testimony of it has been a stamp on the commitment of the Restoration Government to lift people out of poverty.

The Governor pledged the total support of his government to create an enabling environment to ensure the efficient execution of the account opening exercise across designated centres in the state.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Lolu Akinwunmi, Iquo Ukoh to Co-chair 2026 CMO Circle

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2026 CMO Circle

By Modupe Gbadeyanka

The duo of Lolu Akinwunmi and Iquo Ukoh will co-chair the 2026 Chief Marketing Officers Circle (CMO Circle), slated for June 5, 2026, with the theme The C-Suite Mandate: Talent Density and Marketing Leadership.

The invitation-only forum for CMOs and senior marketing leaders will bring together the most influential voices in marketing to shape strategy at the highest levels of business and public policy.

As Co-Chairs, Akinwunmi and Ukoh will curate and lead high-level discussions focused on innovation, talent density, enterprise growth, and the expanding mandate of the CMO within the C-suite. Their stewardship reinforces the Circle’s role as a convening authority—one that not only reflects industry thinking but actively defines it.

Akinwunmi, Group CEO of Prima Garnet (Ogilvy Nigeria), brings decades of experience advising leading national and multinational brands, alongside a distinguished record of industry leadership.

Ukoh, Chief Executive Officer of Entod Marketing and former Director of Marketing Services at Nestlé Nigeria, is widely regarded for her leadership in brand strategy, consumer engagement, and cultural storytelling.

Convened by MarkHack in partnership with StatiSense and Brand Communicator, the CMO Circle operates at the intersection of enterprise leadership and national development. Beyond dialogue, the Circle institutionalises its influence through the quarterly CMO Index. This flagship publication aggregates executive sentiment, market intelligence, and forward-looking insights to inform policy conversations and economic decision-making. In doing so, the Circle positions marketing leadership as a critical voice in shaping Nigeria’s business environment and policy direction.

“The CMO Circle is intentionally designed as a premium, outcomes-driven platform—one that moves marketing leadership beyond the boardroom into the sphere of policy influence.

“With Iquo Ukoh and Lolu Akinwunmi as Co-Chairs, we are setting a clear tone of authority, depth, and relevance. Through the CMO Index and our quarterly convenings, the Circle will play a defining role in shaping both industry direction and policy dialogue,” the convener of CMO Circle, Mr Victor ’Gbenga Afolabi, stated.

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Court Grants El-Rufai N100m Bail in DSS Case 

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nasir el-rufai icpc

By Adedapo Adesanya

Justice Joyce Abdulmalik of the Federal High Court in Abuja has granted bail to former Kaduna State Governor, Mr Nasir El-Rufai, in the sum of N100 million with one surety in like sum.

Delivering the ruling, Justice Abdulmalik imposed a series of stringent conditions that the defendant must meet before perfecting the bail.

The court held that the proposed surety must reside in either the Maitama or Asokoro districts of Abuja and must deposit the original Certificate of Occupancy (C-of-O) of a landed property at the court registry.

The surety is also required to be a federal civil servant not below Grade Level 17 and must provide evidence of salary payments for at least three months, authenticated by a letter from the manager of a bank within the jurisdiction of the court.

The court further ordered the surety to depose to an affidavit of means, enter into a bail bond, and submit a recent passport photograph to the court registry.

As part of the bail conditions, Mr El-Rufai is to deposit all valid international passports with the court registry.

The court also directed that a verification letter from the surety’s immediate department be submitted, alongside a tax clearance certificate covering the last six months.

Justice Abdulmalik further ordered the defendant to report to the headquarters of the Department of State Services every last Friday of the month by 10 a.m. to sign an attendance register pending the determination of the case.

The judge warned that failure to comply with the conditions would lead to an automatic revocation of the bail.

The court additionally directed the defendant to submit a letter of attestation from the Chairman of the Kaduna Traditional Council.

This comes a month after a Kaduna Court granted bail to the former Minister in a corruption case filed by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) over charges related to alleged corruption and abuse of office during his tenure in the North-Western state from 2015 to 2023.

He was alleged to have abused his office and to have intended to commit fraud and confer undue advantage, which were alleged against the opposition politician.

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PenCom Proposes Full Salary Pension for Retired Police Officers

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police retirees

By Adedapo Adesanya

The National Pension Commission (PenCom) has proposed a sweeping reform of retirement benefits for officers of the Nigeria Police Force under the Contributory Pension Scheme (CPS), including lifetime monthly pensions equivalent to 100 per cent of their final salary and a gratuity of 200 per cent of their annual emoluments upon retirement.

According to the Leadership newspaper, the measure is part of federal government efforts to address persistent agitation from retired police personnel who say CPS payouts are inadequate.

The reform will see retired police officers receive a monthly pension equivalent to 100 per cent of their final salary for life and gratuity payments amounting to 200 per cent of annual emoluments, benefits that many officers have been clamouring for years.

According to the newspaper, retirees under the scheme have raised concerns over poor pension payouts, with some saying they receive as little as N30,000 to N80,000 monthly, while also lamenting the inadequacy of their lump-sum retirement benefits.

Some other recommendations include increasing active officers’ monthly pension contribution for serving police officers from the current 10 to 20 per cent, while employee contributions will remain at 8 per cent.

The new arrangement, which includes a monthly pension equivalent to an officer’s last salary and increased gratuity benefits, is expected to strengthen financial security for retired personnel and boost the morale of officers still in active service.

The measure is expected to significantly improve Retirement Savings Account (RSA) balances, enhance pension payouts, and strengthen the long-term sustainability of the pension structure.

If approved by President Bola Tinubu, the augmentation plan for police personnel will reflect the government’s recognition of the police’s critical role in maintaining national security and public order, as well as the need to ensure officers’ dignity and stability after retirement.

Police pensioners who have been protesting against the CPS insisted that the scheme, which requires both employers and employees to contribute monthly into Retirement Savings Accounts (RSAs) managed by Pension Fund Administrators (PFAs), has worsened their welfare.

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