NEWS AGENCY OF NIGERIA
Bi-Courtney commends NAN’s professional excellence

Bi-Courtney commends NAN’s professional excellence

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By Itohan Abara-Laserian

 

 

Bi-Courtney Aviation Services Ltd. has commended the News Agency of Nigeria (NAN) for its professional excellence and leadership in news dissemination across Africa.

 

NAN reports that the firm operates the Murtala Muhammed Airport Terminal Two (MMA2) in Lagos.

 

It is also a leader in transforming Nigerian aviation infrastructure, pioneering a high-standard PPP model, modernising airport services, and expanding into regional cargo and flight services

 

The Chief Operating Officer of Bi-Courtney, Mr Remi Jibodu, gave the commendation on Wednesday during the presentation of four air conditioning units to the agency to support its multimedia operations at the Lagos office.

 

 

Jibodu, who led his management team to NAN, said Bi-Courtney identified with excellence and resilience, values the agency embodies—hence the collaboration.

 

“‘I just want to say that we are very happy to donate these items to the News Agency of Nigeria, in recognition of the excellence and resilience you demonstrate, which align with our own core values,’’ he said.

 

 

 

 

 

“We believe very strongly that this will help in developing the news, particularly to improve the studio and the quality of news from the studio.

 

“We believe this will really encourage the people that are using it; I am talking about the journalists, to also bring comfort to everyone,” he said.

 

Jibodu expressed belief that the donation would propagate the growth of journalism in Nigeria.

 

A Deputy Editor-in-Chief at NAN, Mr Kevin Okunzuwa, on behalf of the Managing Director, Mr. Ali M. Ali, expressed appreciation to Bi-Courtney for the generous gesture.

 

Okunzuwa noted that the donation would not be taken for granted, especially as it would provide comfort for reporters and support the agency’s efforts in projecting Nigeria’s image positively to the global community.

 

‘They say no one can blow your trumpet better than yourself, and no agency can tell the Nigerian story to the world better than NAN.

 

“Working in a comfortable environment, which your donation has helped to enhance, makes a real difference.

 

“So, I sincerely thank the Bi-Courtney management for this thoughtful contribution.

 

“I also want to assure you that this partnership will be sustained and deeply valued for a long time to come,” he said (NAN)www.nannews.ng)

 

Edited by Kevin Okunzuwa

NDIC reassures Heritage Bank depositors of prompt payment

NDIC reassures Heritage Bank depositors of prompt payment

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By Grace Alegba

 

The Nigeria Deposit Insurance Corporation (NDIC) has assured depositors of the defunct Heritage Bank that challenges delaying access to guaranteed sums above N5 million are being resolved.

 

Mr Bello Hassan, Managing Director, NDIC, gave the reassurance on Saturday during the 2024 edition of the NDIC Editors Forum in Lagos.

 

The theme of the conference is: “Strengthening Nigeria’s Financial Safety-Net: The Role of Deposit Insurance”.

 

Hassan, represented by NDIC’s Executive Director, Operations, Mr Mustapha Ibrahim, said that the corporation was working diligently to facilitate payments.

 

Hassan explained that depositors with amounts above the maximum insured limit of N5 million were being reimbursed through liquidation dividends derived from asset recovery and debt realisation efforts.

 

“The corporation has initiated the process of debt recovery and realisation of investments as well as physical assets of the defunct bank to ensure timely payment of uninsured deposits,” he said.

 

 

He added that NDIC’s responsibilities also extend to creditors of the defunct bank, who would receive payments after all depositors had been fully reimbursed.

 

“This orderly process, based on asset realisation and prioritisation of claims, is essential for maintaining public trust in the banking system and promoting financial stability,” Hassan noted.

 

 

According to him, the theme of the conference is in line with the corporation’s recent engagement with business editors and finance journalists.

 

He emphasised NDIC’s mandate to protect depositors, especially the uninformed, and its commitment to financial system stability.

 

Established over three decades ago, the commision’s boss said that NDIC safeguards depositors’ funds and mitigates risks in the banking sector.

 

Responding to questions, Hassan provided updates on Fortune Bank, liquidated over a decade ago.

 

He told the News Agency of Nigeria (NAN) that NDIC faced challenges collating depositor data due to the absence of Bank Verification Numbers (BVN) at the time of the bank’s operation.

 

Bello, however, assured Nigerians of prompt payment of depositors of defunct Fortune Bank Plc.

 

He stated that litigation also delayed NDIC’s intervention, but added that payments had started for insured deposits, with efforts underway to pay the uninsured portion and other claimants.

 

“We’ve already paid the insured portion and are now paying the uninsured portion and other claimants,” Hassan said.

 

He assured of the commision’s continued awareness efforts to encourage more depositors to come forward.

 

Hassan commended the media for its role in the successful implementation of the deposit insurance system.

 

The Managing Director of the News Agency of Nigeria (NAN), Malam Ali Muhammad Ali, described the forum as an “eye-opener” for editors, enhancing their understanding of global financial sector trends.

 

Ali said the theme of the conference was apt and addressed worries caused by turbulence in the financial sector, especially in the banking sector.

 

Ali praised NDIC’s ability to secure 98 per cent to 99 per cent of depositors’ funds, reinforcing public confidence in the banking system.

 

According to him, the forum is a learning curve every year and editors are kept abreast with new information on the health of the global economy and the Nigerian economy.

 

Mr Eze Anaba, President of the Nigeria Guild of Editors, emphasised the forum’s importance, stating, “It is reassuring to know our banking sector remains stable despite the challenging economic situation.”

 

“We know how challenging the economic situation is. And it will be a double job if our banks are also not healthy. And listening to you here today, it’s reassuring for us to know that things are well,” he said. (NAN)

 

Edited by Olawunmi Ashafa

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