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Palton Morgan Sponsors Economic Strategy Course for Senior Civil Servants at LBS

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Economic Strategy Course

By Modupe Gbadeyanka

Some senior civil servants from Lagos and Ogun States recently took a course on economic capacity development and competitiveness strategy at the Lagos Business School (LBS) Pan-Atlantic University campus, Lekki-Epe Expressway, Lagos.

The course, which was held from March 16 to 18 and themed Enhancing Economic Competitiveness, was sponsored by a leading Nigerian real estate group Palton Morgan with the intention to boost the effectiveness of public sector stakeholders.

The beneficiaries were exposed to global best practices on institutional collaborations, Public-Private Partnership (PPP) dynamics, sustainable competitive advantages and cluster participation mechanisms for inclusive national growth.

The well-attended course had senior government officials and public sector stakeholders in the built sector of the economy, special assistants to governors, permanent secretaries and directors at ministries and heads of MDAs relevant to the real estate sectors of both States as participants.

Chairman of Palton Morgan Holdings, Mr Femi Olubanwo, stated that “although LBS usually has the course curriculum attended by corporate executives across sectors for capacity and economic development, we decided to sponsor this course to enrich those who regulate our sector with current knowledge of economic strategies and the power of synergies so that they also can have a contemporary understanding of where the people they regulate are coming from.”

On the choice of Lagos and Ogun, Mr Olubanwo said both are contiguous but work in silos and that it would be beneficial bringing them together.

“If this initiative goes as we hope, we will find Lagos and Ogun states working together on projects, planning, and development, which will benefit our society and sector. We are delighted to be at the vanguard of making that happen,” he said.

Also commenting on the company’s facilitation of the training, the Non-Executive Director at Palton Morgan, Delphine Misan-Arenyeka, said it was part of its social responsibility to the states it operates in.

“We are building the capacity of senior public servants. Hopefully, it will translate to their subordinates and ultimately result in greater success in policy and regulations.

“We looked at the business of Palton Morgan and the value chain and felt that we can bridge the gap between our stakeholders in the public sector and us. We wanted to stimulate a synergy such that they will understand our language when we go to them for approvals and permits that will enhance development in the sector,” Misan-Arenyeka explained.

On his part, the Group Chief Operating Officer at Palton Morgan, Nidal Turjman, stressed that the real estate giant’s contributions to socio-economic development are extensive.

“We have contributions covering the real estate value chain. It could be from property management, construction, logistics, investment advisory, sales and marketing, etc. These are the first course participants, and at Palton Morgan, we are looking to more contributions from stakeholders in this sector so that we can all contribute to growing the economy of Nigeria,” he stated.

The course beneficiaries, on their part, expressed gratitude for the opportunity provided by Palton Morgan to improve their knowledge and progress in their careers with dynamic and relatable industry resources and comparative trends from across the globe.

They all affirmed the importance of collaboration for both states to maximize their economic strengths whilst integrating their competitiveness. They encouraged Palton Morgan to engage in more partnerships to consolidate on growing the potential of the two states.

Some of the beneficiaries were the Permanent Secretary, Ministry of Physical and Urban Planning, Lagos State, Abiola Kosegbe, her counterpart at the Lagos State Ministry of Housing, Wasiu Akewusola, Director of ICT and Business Development, Ogun State Housing Corporation, Olufunmilayo Sorunke, and Director, Administration and Personnel, Ogun State Property and Investment Company, Taiwo Ogunyoowo.

Speaking, Kosegbe said, “The fact that you have been able to select people from the built environment to be here is saying that Palton Morgan is interested in developing the sector.”

Sorunke said, “I have learned to develop new business strategies and not business as usual.”

It was gathered that the course facilitators were faculty heads in Business, Strategy, and Economic Planning, including Dr Nkemdilim Iheanachor, member of the Strategy Group at LBS; Dr Dolapo Tukumi, Course Organizer; Dr Frank Ojadi, Member, Faculty of Operations Management at LBS and Lead Facilitator & Manager at LBS, Oreva Atanya.

Others were John Uwajumogu, Partner at Ernst & Young Nigeria; George Agu, Founder/CEO, ActiveEdge Technologies Limited and Ife Adedoyin, Senior Executive, Deloitte.

Palton Morgan Holdings is the parent company of PropertyMart Real Estate Investment Company, Grenadines Homes, The Oceanna, and Paltonloitte. The economic capacity development and competitive strategy course is one of its corporate responsibility initiatives and interventions to impact the sector and society.

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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Court Sanctions CHI Limited for Wrongful Employment Termination

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chi limited

By Modupe Gbadeyanka

The termination of the employment of one Mr Bodunrin Akinsuroju by CHI Limited has been declared as unlawful by the National Industrial Court of Nigeria.

Delivering judgment on the matter, Justice Sanda Yelwa of the Lagos Judicial Division of the court held that the sacking of Mr Akinsuroju did not comply strictly with the provisions of the contract of employment and the Employee Handbook.

Consequently, the company was directed to pay him the sum of N2 million as general damages for wrongful termination and N200,000 as costs of action, while Mr Akinsuroju was ordered to return the company’s properties in his possession or pay their assessed market value.

Justice Yelwa found that the contract agreement between both parties clearly required either party to give 30 days’ notice or payment in lieu of notice after confirmation of appointment, and there was no evidence that the employee was given the required notice or paid salary in lieu of notice.

The judge held that failure to comply with this fundamental term amounted to a breach of the contract of employment, thereby rendering the termination wrongful.

Mr Akinsuroju had claimed that the allegation of misconduct against him was unfounded and not established, maintaining that the disciplinary committee proceedings were prejudicial and that the termination of his employment was without justifiable cause and without compliance with the agreed terms of his employment.

In defence, CHI Limited contended that it had the right to terminate the employment of Mr Akinsuroju and that the termination was lawful and in accordance with the contract of employment and the Code of Conduct.

In opposition, counsel to Mr Akinsuroju submitted that the alleged breaches were not proved and that the termination letter took immediate effect without the requisite 30 days’ notice or payment in lieu of notice as stipulated in the letter of appointment and the Employee Handbook, urging the court to hold that the termination was wrongful and to grant the reliefs sought.

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Tinubu Appoints Tunji Disu as Acting Inspector General of Police

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Tunji Disu

By Modupe Gbadeyanka

President Bola Tinubu on Tuesday appointed Mr Tunji Disu as the acting Inspector General of Police (IGP), following the resignation of Mr Kayode Egbetokun.

Mr Disu, an Assistant Inspector General of Police (AIG), was recently moved to the Force Criminal Investigation Department (FCID) Annex, Alagbon, Lagos.

A statement today by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, disclosed that the President would convene a meeting of the Nigeria Police Council shortly to formally consider the appointment of Mr Disu as substantive IGP, after which his name will be transmitted to the Senate for confirmation.

Mr Tinubu expressed confidence that Mr Disu’s experience, operational depth, and demonstrated leadership capacity would provide steady and focused direction for the Nigeria Police Force during this critical period.

He reiterated his administration’s unwavering commitment to enhancing national security, strengthening institutional capacity, and ensuring that the Nigeria Police Force remains professional, accountable, and fully equipped to discharge its constitutional responsibilities.

Mr Egbetokun was said to have resigned from the position due to pressing family considerations.

President Tinubu, who accepted the resignation letter, expressed his profound appreciation for Mr Egbetokun’s decades of distinguished service to the Nigeria Police Force and the nation. He acknowledged his dedication, professionalism, and steadfast commitment to strengthening internal security architecture during his tenure.

Appointed in June 2023, Mr Egbetokun was serving a four-year term scheduled to conclude in June 2027, in line with the amended provisions of the Police Act.

The statement disclosed that his replacement was in view of the current security challenges confronting the nation, and acting in accordance with extant laws and legal guidance.

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Tunji Disu to Become New IGP as Egbetokun Quits

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tunji disu new IGP

By Adedapo Adesanya

Mr Tunji Disu, an Assistant Inspector General of Police (AIG), has reportedly replaced Mr Kayode Egbetokun as the new Inspector General of Police (IGP).

Mr Egbetokun resigned from the position on Tuesday after he was said to have held a meeting with President Bola Tinubu on Monday night at the Presidential Villa in Abuja.

President Tinubu appointed Mr Egebtokun as the 22nd IGP on June 19, 2023, with his appointment confirmed by the Nigeria Police Council on October 31, 2023.

Appointed as IGP at the age of 58, Mr Egbetokun was due for retirement on September 4, 2024, upon reaching the mandatory age of 60, but his tenure was extended by the President, creating controversies, which trailed him until his exit from the force today.

Although the police authorities are yet to comment on the matter or issue an official statement about his resignation, the move came amid reports suggesting that Mr Egbetokun has left the position.

Mr Egbetokun’s tenure was marred by a series of controversies; he recently initiated multiple charges against activist Mr Omoyele Sowore and his publication, SaharaReporters, after Mr Sowore publicly described him as an “illegal IGP.”

The dispute escalated into protracted legal battles, with the Federal High Court issuing injunctions restricting further publications relating to the former police chief and members of his family. Critics interpreted these court actions as attempts to stifle dissent and weaken press freedom.

His replacement, Mr Disu, was posted to oversee the Force Criminal Investigation Department (FCID) Annex, Alagbon, Lagos, some days ago.

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