President Muhammad Buhari has appointed Edward Adamu as the new chairman of Asset management corporation of Nigeria (AMCON).
According to Aitonline.live, The appointment was contained in a letter he sent to the senate on Tuesday.
Edward Adamu who is a deputy Governor at central bank of Nigeria (CBN) will replace Muiz Banire who was appointed chairman of AMCON in July 2018.
In doing so, “corruption thwarts our attempts at building a better world”, he stated.
“To win the fight against corruption is to create the conditions necessary to effectively combat poverty and the inequalities that stem from it”, the UN anti-crime chief said.
Despite global progress in tackling poverty, hunger and disease, a “new generation of inequalities” indicates that many societies are not working as they should, the UN Development Programme (UNDP) argues in its latest report released on Monday.
The 2019 Human Development Report (HDR) states that just as the gap in basic living standards is narrowing for millions of people, inequalities surrounding education, and around technology and climate change, have sparked demonstrations across the globe.
Left unchecked, they could trigger a ‘new great divergence’ in society of the kind not seen since the Industrial Revolution, according to the report.
Mr. Steiner added crucially that “inequality is not beyond solutions”.
The human development approach views “richness” as going beyond the idea that economic growth will automatically lead to development and wellbeing.
It focuses on people, and their opportunities and choices.
UNDP research shows that in 2018, 20 per cent of human development progress was lost due to the unequal distribution of education, health and living standards.
“What used to be ‘nice-to-haves’, like going to university or access to broadband, are increasingly important for success, but left only with the basics, people find the rungs knocked out of their ladder to the future,” said Pedro Conceição, Director of the HDR Office at UNDP.
In this article by Kenneth Amaeshi, University of Edinburgh,One thing common among these examples is that the debate on how good or bad leaders’ convictions are for business is not yet settled.
When it comes to social injustice or politics, business leaders can no longer stand by and watch from the sidelines. They must take action: their employees, customers and society expect them to. But their political views might not align with some of their employees or corporate partners, so how are they supposed to take a stand and please everybody at the same time?
Stakeholders are not unreasonable. They understand that individuals are free to uphold and air views they are passionate about. They respect such leaders, even when they disagree with them. What they do not like is prevarication and hypocrisy. They can easily see through that when it happens.
The former CEO of Unilever, Paul Polman, was passionate about sustainable development goals. He did not hide this passion. He even challenged the market on quarterly reporting of performance, preferring a long-term agenda. Unilever did not suffer as a result.
Contrary to Polman’s position on sustainability was the view of Steve Jobs, the former CEO of Apple. Despite his stance, he was believed as someone who stood for his passion in technology and innovation.
In other words, the problem is not necessarily having a political view. But what happens when a leader’s decisions have an indirect negative impact on the business? An example could be boycotting a market because of social injustice, and this leading to reduced revenues.
Imagine a situation where a CEO decides to take a strong stand against bribery and corruption. Or perhaps the business operates in an environment where bribery and corruption is rife and normal or where wielders of state power are inclined towards poor governance. This is common in many emerging economies with very weak market and democratic institutions.
In such situations, it would appear that doing the right thing is a luxury (unless it pays). The incentive to act responsibly would be very low –- leading to a fragmented two-tier market system. How can a CEO who still wants to do the right thing compete in such a harsh environment?
Innovation and creativity might hold the key to success here. Colleagues and I have published a book, Africapitalism, Sustainable Business and Development in Africa, that sets out new ways for businesses to relate to society and meet its needs.
In it we share what we call C.L.E.A.R. strategies, each letter standing for an action businesses can take to contribute to sustainable development goals.
Collaborate. The idea here is for CEOs to enrol other actors in their institutional change initiatives (such as setting standards). This might involve partnerships with non-business actors like the NGOs. There are also occasions when it might be better for CEOs to go it alone, especially where there is a clear competitive advantage to be gained by doing so. A CEO needs to decide on when and how to collaborate in pursuing a responsible business practice agenda.
Lobby. CEOs keen to do the right thing in challenging and threatening environments are usually better off lobbying the relevant authorities and governance actors. They can ask that the players adhere to the rules, where they exist, or ask for the rules to be changed where they do not support doing the right thing.
Educate. Sometimes doing the right thing is not appropriately rewarded because stakeholders lack an understanding of the issues. For example, consumers may not be prepared to pay for green products and sustainable innovation. Then the CEO may want to engage and educate the relevant stakeholder groups. Enlightened consumers could become a new market or pressure group to raise the bar for the entire industry. The same applies to other stakeholder groups such as regulators, employees and investors.
Align. The CEO needs to be consistent in practice, while ensuring good internal and external alignment with the values and purpose of the business. He or she does not want to be seen as “green-washing”. A good example of this would be the leaders of BP in the early 2000s. At that time, BP claimed to aspire towards good green (environmental) credentials, but it was part of a coalition lobbying the US government against climate change policies that would have catalysed the emergence of the green economy in the US. This can be damaging.
Renewal. All of the strategies highlighted above will need to be continuously reinforced, and not just treated as one-off activities. That way, the CEO recreates and adapts to the ethical demands of the operating environment.
In sum, ethical challenges and dilemmas will never go away. But the way responsible leaders deal with them will make or break them. Sticking to one’s beliefs and convictions, stepping aside – or down – when beliefs and convictions become overwhelmingly detrimental to business, and being innovative at doing the right thing appear to hold the key to effective responsible leadership.
According to a story in PUNCH, Speaking on the feud between the Federal Government and ASUU over the implementation of the IPPIS, the Director General of NECA, Dr Timothy Olawale, urged the Federal Government and ASUU to find a common ground.
Olawale said there were processes for resolving disagreements in the country’s industrial relations system, adding that either of the parties could initiate the process.
He said, “Both the Federal Government and ASUU have their respective views and positions, which is quite understandable. However, it is very critical and important for both parties to find a meeting point on the issue.
While appreciating the importance of implementing IPPIS, the NECA boss also stressed the peculiarity of the university system.
He said the nature of the work of academics might not be suitable for IPPIS, and called for further consultations between the Federal Government and ASUU
In a post by his family on his official Facebook page, Bonnke died at the age of 79.
Pls find post below..
Dear Brothers and Sisters in Christ,
It is with sorrow that the Bonnke Family would like to announce the passing of our beloved husband, father, and grandfather, Evangelist Reinhard Bonnke. He passed away peacefully, surrounded by his family, on December 7, 2019. For the past 60 years, he has preached the glorious Gospel of Jesus throughout the entire world. We want to thank you on behalf of him and our family, for your kind love and unwavering support, which enabled him to preach the matchless message of salvation to countless people.
He preached Jesus…
“Great and marvellous are Your works,
Lord God Almighty!
Just and true are Your ways,
O King of the saints!
Who shall not fear You, O Lord, and glorify Your name?
For You alone are holy.
For all nations shall come and worship before You,
For Your judgments have been manifested.”
Revelation 15:3-4
In Christ,
Anni Bonnke and Family
We kindly ask, in lieu of flowers, to please make a donation to Christ for all Nations – Africa Crusade.
Mrs Folasade Yemi-Esan, acting Head of Civil Service of the Federation (HCSF), made this known in a statement by Mrs Olawunmi Ogunmosunle, Director, Communications, office of the HCSF.
According to Yemi-Esan, the new Federal Permanent Secretaries are; Mr Musa Hassan Borno State; Mr Ahmed Aliyu from Niger State; Mrs Olushola Idowu from Ogun State and Mr Andrew Adejoh from North–Central Zone.
Others are Mr Umar Tijjani from North–East Zone; Dr Nasir Gwarzo from North–West Zone; Mr Nebeolisa Anako from South–East Zone; Mr Fashedemi Peter from South–West Zone and Dr Evelyn Ngige from South–South Zone.
Yemi-Esan said their swearing-in and assignment of portfolios would be announced in due course
