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Zenith Bank Shows Continued Market Leadership With 189% Growth In Q1 Earnings

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Zenith Bank Shows Continued Market Leadership With 189% Growth In Q1 Earnings

 

Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2024, with an impressive triple-digit growth of 189% in Gross Earnings, from ₦270 billion reported in Q1 2023 to ₦781 billion in Q1 2024. This is despite the challenging operating environment and tightening monetary policy stance.

From the unaudited statement of account submitted to the Nigerian Exchange (NGX) on Friday, 3rd May 2024, this impressive growth in the topline also enhanced the bottom line, as profit before tax (PBT) rose to ₦320 billion in Q1 2024, representing an increase of 270% from the ₦87 billion reported in Q1 2023. Profit after tax (PAT) equally grew significantly by 291% from the ₦66 billion reported in Q1 2023 to ₦258 billion in the current period.

Interest and non-interest income contributed significantly to the growth in gross earnings. Interest income grew by 155% from the ₦192 billion reported in the quarter ended March 2023 to ₦489 billion in the period to 31 March 2024. The growth in interest income is due to the repricing of risk assets, owing to the increase in the central bank’s Monetary Policy Rate (MPR), which currently stands at 24.75%. The growth in net interest income is primarily due to the increase in fees and commissions as well as trading grains.

The Group reported an impairment charge of ₦56 billion for Q1 2024, up from ₦8 billion recorded in Q1 2023. This is attributable to significant growth in risk assets, primarily driven by the revaluation of its USD loans, which necessitated additional impairment on the bank’s foreign currency-denominated loans.

The cost of funds grew by 48% from 2.7% in Q1 2023 to 4% in Q1 2024 due to the high-interest rate environment, while interest expense increased by 157% from ₦71 billion reported in Q1 2023 to ₦182 billion in the period to March 2024. Notwithstanding the year-on-year (YoY) increase in interest expense, net interest margin (NIM) grew by 20% from 6.9% in the 3 months ended March 2023 to 8.3% in the current period ending 31 March 2024. Return on Average Equity (ROAE) and Return on Average Assets (ROAA) increased year-on-year (YoY) by 114% and 119%, respectively, due to improved profitability.

Gross loans, which are largely funded by customer deposits, grew by 30% from ₦7.1 trillion in December 2023 to ₦9.2 trillion in March 2024. Customer deposits also grew by 11% from ₦15.2 trillion in December 2023 to ₦16.8 trillion in March 2024, underpinning continued customer confidence in the Zenith brand. Total assets increased by 19% to ₦24 trillion within the same period.

The Group has consistently maintained all prudential ratios well above the minimum regulatory requirement. At the end of Q1 2024, Capital Adequacy Ratio (CAR) and Liquidity Ratio stood at 20% and 67%, respectively, demonstrating the Group’s ability to maintain a strong and liquid balance sheet.

The Group is making progress on the planned capital raise to support future growth and is very optimistic about meeting the new minimum capital requirements in line with the CBN’s recapitalisation directive. As the Group accelerates migration to its new technology architecture and also transitions into a holding company, it remains poised to maximise value for all stakeholders.

 

NUJ to go after fake journalists, impersonators in Bauchi

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NUJ to go after fake journalists, impersonators in Bauchi

 

From Mohammed Nasir Shuaibu BAUCHI

The Nigeria Union of Journalists NUJ Bauchi State Council said it would collaborate with relevant security agencies to fish out fake journalists as well as impersonators with view to end the menace in the State.

The NUJ state chairman, Comrade Umar Sa’idu gave the assurance while fielding questions from journalists shortly after a one day training organized for journalists in commemoration of World Press Freedom Day in Bauchi.

Comrade Sa’idu said the body at the level of State Council is doing a lot in that regard were the Council in last year held a series of meetings with relevant security agencies in trying to arrest the urgly situation by some quacks individuals who pretend to go out to the public and impersinated in the name of Journalists.

He disclosed that the State Council is doing a lot in that regard with security agencies in the State, not only the those who were parentending themselves as journalists.

Similarly, the NUJ is making efforts to equally commence the arrest of some commercial vehicles found using the NUJ stickers or tag pested on their vehicles.

“I don’t now the reason why they insisted using the Press stickers on their vehicle despite our several meetings with their leaders and informed them about the implications but yet they refused to obey our adviced.

“you can not tell me to carry your loads from Lagos dawn to Bauchi and asked me wear or use the Police or Army uniforms uniforms or sticker and drive, because its inpersonation.

The chairman said the body is going to write to the Commissioner of Police and all security agencies at least they will start arresting this people by using the sticker or tag of the Press while your not a bonifide member.

He further said the training is foster strong collaboration between the journalists and the Police especially during an official assignments and public functions.

World Bank: Governor Bala Mohammed inaugurates six-year assisted project in Bauchi

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World Bank: Governor Bala Mohammed inaugurates six-year assisted project in Bauchi

 

From Mohammed Nasir Shuaibu BAUCHI

Bauchi State Governor, Senator Bala Abdulkadir Mohammed has inaugurated a committee for the Six-Year World Bank Livestock Productivity and Resilience Support Project.

Speaking, Mohamme said the committee will modernize and rebrand all the veterinary clinic and abators, with a view to revamp the state’s economy, adding his administration remains committed to transformating businesses in addition to wooing local and foreign investorsand development for the benefit of the citizenry.

Governor Bala while applauding World Bank and the Federal Government for selecting Bauchi as one of the beneficiary states, reaffirmed his total support, calling for continued collaboration for the actualization of the projects.

Earlier, the committee’s chairman Prof. Simon Madugu Yalams WHO doubles as the Commissioner of Agriculture, commended Bala Mohammed for his foresight and outstanding performance in the transformation of the sector,pledging to continue to work closely with relevant stakeholders to ensure the successful implementation of the projects.

Yalam added that the State Governmen under the leadership of Governor Bala, has come up with initiatives to ease and modernize and improve the storage of inputs as part of its efforts to improving the food security.

Anambra Govt Launches Hunt for Unlicensed Hotels, Others, Warns Against Harbouring of Criminals

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Anambra Govt Launches Hunt for Unlicensed Hotels, Others, Warns Against Harbouring of Criminals

 

By Izunna Okafor, Awka

The Anambra State has reiterated her call on hotel proprietors and owners of hospitality industries who are operating in the state without registration, to kindly register their facilities with the state government and obtain or renew their operational licences.

The State Commissioner for Culture, Entertainment, Leisure and Tourism, Mr. Don Onyenji, made this known in an interview with this reporter, Izunna Okafor, over the weekend, and in which he also highlighted the need for such registration and its symbiotic benefits to the facility owners and the state government.

The Commissioner recalled that the registration notice and directive had long been given to the hotel proprietors and owners of hospitality industries in the state, regretting that many of them are yet to comply, despite the government having given them enough time to do so.

“Before now, most hotels in the state, since three years now, have been given demand notices to go and register their hotels and be given operational licenses, but many of them are yet to comply,” he said.

According to him, registration and licensing of hotels in the state is very important, as it will enable the government to know about the existence, locations and operations of the hotels in the state, have necessary data for policy formulation and also boost revenue generation in the state, while also offering hotel owners the benefits of enhanced credibility, financial access, marketing support, and protection, among other benefits, which will all result in a high-quality, safe, standard, and thriving tourism and hospitality industry in the state. This, he said, also applies to bars and other leisure centres owners and operators in the state.

The Commissioner explained that another key essence of the registration and government’s issuance of the operational licenses is to is to regulate the hospitality industry, adding that this is also a global practice. He noted that such regulations in states in Nigeria and other countries of the world help to improve the tourism sector of that state or country, further hinting that the hospitality sector is a professional industry, which necessitates that the operators in the industry do so with license

“The tourism industry is professionalized, because all hotels are supposed to maintain international standards in terms of their services and other areas, such as fair service management system, neatness of the environment, the kitchen, what they give people, and, of course, security, and other services.

“It also provides principles through which the state government will improve the tourism industry, so as to make practitioners and stakeholders benefit in their businesses,” the Commissioner said.

While attesting that tourism and investments are currently booming in Anambra State, which he attributed to the massive infrastructural development being championed in different parts of the state by Governor Chukwuma Soludo’s administration, as well the provision of adequate security and the maintenance of environmental cleanliness by his government; Commissioner Onyenji also noted that these have shot up and continued to augment the number of people and tourists coming into the state.

He, however, explained that these tourists, whether coming from the state, outside the state, or any part of the world for one reason or the other in the state, deserve to be given best standard of services, and which some hospitality industry practitioners may not, if they don’t have operational license that authorizes or regulates their operations.

“If we must have, as the Governor wants to do, a smart mega city, where people can come to invest, relax and enjoy; it means that the hotels and allied organizations should also exhibit good and acceptable international services while attending to our people (our tourists),” he said.

“And so, this is why hotels must be registered with the state so that state will know where they are operating, their levels, and also intervene when there is need in terms of attending to their services, because hotels and allied services also at certain times need government’s assistance. So this is a symbiotic relationship,” the Commissioner added.

While noting that his Ministry recently had another interaction with the leadership of Hotel Owners Association in the state regarding the way forward in the registration and obtaining of operational license; the Commissioner, who said the law regarding the registration and licensing took effect from 2016; also revealed that a team from the Ministry and the Anambra Internal Revenue Service (AIRS) have begun visiting hotels in the state to enforce the law, after having given enough grace to the defaulters.

This, he said, has resulted in sealing off some hotels, bars and leisure centres in the state because of their owners’ refusal to obey the law and do the needful.

“Many of them have not registered since decades they were established. The mobile court has been giving court summons to hotels, and those who refuse to attend to the court summons stand to pay fines and possibly get sealed off until they comply with the law.

“We must maintain the best environment for ourselves, for the Anambra diaspora, and for our visitors, if we must make Anambra great,” he said.

Commissioner Onyenji also advised hotel owners in the state to always watch out for criminal elements, and ensure they don’t use their facilities as hideouts to harbour criminals, as government is very determined to reduce and possibly wipe out criminality in the state. He warned that any hotel whose facility is used as hideout for criminals will not only be sealed, by will also face the full weight of the law.

“Hospitality industry drives development. So, I advise the proprietors and the practitioners in the state to always do the needful expected of them and desist from anything that is capable of sabotaging these progressive efforts of the Solution Government to make Anambra a livable and prosperous homeland,” Onyenji concluded.

IPOB: Kanu’s wife finally visits husband in DSS dungeon, thanks Ubah for facilitating the visit

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IPOB: Kanu’s wife finally visits husband in DSS dungeon, thanks Ubah for facilitating the visit

 

By Tony Oraeki, Awka

The wife of the leader of the Indigenous People of Biafra, IPOB, Mrs. Uchechi Okwu Kanu has thanked Senator Dr. Ifeanyi Ubah,representing Anambra South senatorial zone, for facilitating her visit to her husband, Mazi Nnamdi Kanu, who has been in DSS dungeon for some donkey years.

Mrs. Kanu had on April 16 visited her husband, Nnamdi Kanu at the Directorate of State Services, DSS, where he has been detained since 2021, after he was renditioned from Kenya.

It was gathered that Nnamdi Kanu’s wife had severally been denied access to her husband, until last month when she approached Senator Ubah for help, who swiftly facilitated her visit.

During a live session on Radio Biafra on Sunday, Mrs Kanu who addressed some Igbo people living in UK and other parts of the world thanked Ubah, saying that she knows that a lot of Igbo elites are genuinely concerned about the unlawful incarceration of her husband, and were working silently to help him regain his freedom.

She said: “Let me use this opportunity to thank Senator Ifeanyi Ubah who moved swiftly to facilitate my visit to my husband in DSS custody. I thank you sir.

“I thank other Igbo politicians, governors and political office holders who are concerned about the plight of my husband. A lot of these elites are concerned about the unlawful detention of my husband, and are working silently to secure a round table discussion for his release. I’m thankful to them.”

Senator Ifeanyi Ubah also told journalists that he facilitated the visit of Mrs. Kanu to her husband when he learnt that she was finding it difficult to visit him in detention.

According to the Senator, “Yes, she was in Nigeria and she approached me and told me that she needed to visit her husband, but was finding it difficult, so I immediately intervened. I visited her husband too with her in the company of Barr. Ifeanyi Ejiofor. She met with her husband in the DSS facility on April 16, 2024.”

Kanu has been in DSS custody since 2021, after he was rearrested for allegedly jumping bail in 2017 when he fled the country.

Anambra Journalist, Obeta Bags Chieftaincy Title from Catholic Church

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Anambra Journalist, Obeta Bags Chieftaincy Title from Catholic Church

 

By Izunna Okafor, Awka

The Catholic Diocese of Awka, Anambra State, on Sunday, bestowed the chieftaincy title of Nnadiebube (Glorious father) on the former Vice Chairman of Anambra council of Nigeria Union of Journalists (NUJ), Chief Boniface Okechukwu Obeta.

Obeta, State Correspondent of Leadership newspaper, was honoured with the title alongside 18 other distinguished professionals living in Awka and worshipping at St. Patrick’s Cathedral Church of the Catholic Diocese of church.

The Bishop, Catholic Diocese of Awka, Most Rev. Paulinus Ezeokafor, represented at the occasion by the Cathedral Administrator, Ven. Rev. Fr. Anthony Nwafor, commended Obeta for having assisted the church in various ways since he joined the parish in 1996.

Obeta, who has contributed to the church growth in various ways, was a pioneer executive member of English Community zone now known as St. Francis Zone of the parish and author who wrote and ensured that it was recognised as a zone in the cathedral under the then Cathedral Administrator, Rev. Fr. Patrick Ezeoke.

He is also the current Chairman of St. Charles Zone comprising the six Local Government Areas (LGAs) in Enugu North senatorial zone and Isi-Uzoh LGA of Enugu East senatorial Zone of Enugu State.

The Chairman, Catholic Men Organisation (CMO) St. Patrick’s Cathedral Awka, Mr Obinna Anakuba, and Mr Ifeanyi J. Ogbodo, the Chairman of organising committee of the event, said the award was an honour to deserving members of the church and parts of activities marking the 2024 father’s Sunday of the Catholic church.

PROFILE:
Obeta is the son of the late Chief OBETTAJA UGWUOKE and Mrs OREJA REBECCA OBETA (nee Asogwa-Elechi) of Dimamoke village, Ibagwani in Nsukka local government area of Enugu state.

A graduate of Linguistics from the University of Jos(1990), also obtained National Diploma in Journalism from the International Institute of Journalism (IIJ) (1994).

Chief OBETA has been in active journalism practice for over 33 years now, having worked for several print media establishments, and formerly the Chairman of the Correspondents’ Chapel of the NUJ, Anambra state and former Vice Chairman of the NUJ, Anambra state Council.

He was also a former Transition Committee member for Onitsha South Local Government Area, Anambra State, and his home Parish is St. John Catholic Parish, Ibagwani.

In Anambra, Police Arrest 7 Suspected Cultists, Declare Baby Wanted

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In Anambra, Police Arrest 7 Suspected Cultists, Declare Baby Wanted

By Izunna Okafor, Awka

The operatives of the Anambra State Police Command have arrested no fewer than seven persons for suspected cultism and armed robbery in the State.

The Police Public Relations Officer, SP Ikenga Tochukwu disclosed this in a statement issued to newsmen on Saturday.

According to him, the gang members were arrested at about 10.pm on Friday when the officers swooped on them. He said a cut-size double barrel gun, one tricycle without a reg number, and some hard drugs were also recovered from the gang.

“The suspects include Chukwuemka Ozoekwe (aged 18), Chidozie Anagor (aged 18) Chukwuemeka Oyeoka (aged 18), Ebuka Okoye (aged 17), Olisa Obi (aged 19), Chidubem Nwakwu (aged 20), and Nwankwo Kosisochukwu — all males,” he said.

The PPRO also said the Command has declared wanted and launched manhunt for Makuo Nwosu (popularly known as Baby) and one other person whose name is yet to be identified.

The statement read in parts: “Police attached to Special Anti-Cultism Squad (SPACS), while on patrol at UNIZIK Junction, intercepted all males and five occupants, including the driver of a tricycle.

“While the operatives were in a bid to question them, the occupants took to their heels. While the others escaped, Chukwuemka Ozoekwe was arrested.

“Ozoekwe later led the Police to their criminal den where Chidozie Anagor (aged 18 years), and Chukwuemeka Oyeoka (aged 18 years) were arrested, and the remaining two are still at large.

“Also, during the raid operation in their harbor, the operatives arrested Ebuka Okoye (17 years), Olisa Obi (19 years), Chidubem Nwakwu (20 years), and Nwankwo Kosisochukwu.”

Continuing, SP Ikenga said, “During interrogation, the suspects confessed to being members of the Vipers Cult group, and they are one of the gangs terrorizing Awka metropolis recently. The suspects also confessed that they were on a mission to rob the road users of their phones and personal belongings before the arrest.

“To this end, the Deputy Commissioner of Police in charge of Finance and Administration and acting Commissioner of Police, DCP Fidelis Ogarabe PSC MNIPS charged the Operatives to sustain the tempo in the fight against crime in the state.

“He also assured Ndi Anambra that the confidence repose on the Police and all the security agencies in the State shall not be taken for granted, and directed that the suspects to be charged to court on the conclusion of the investigations.”

Coastal Highway: Stop the Blackmail Against Obi, Ezeonwuka Tells Umahi

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Coastal Highway: Stop the Blackmail Against Obi, Ezeonwuka Tells Umahi

 

By Izunna Okafor, Awka

Chief Rommy Ezeonwuka, the Spiritual Leader of Igbo Nation has lashed out at Engr. David Umahi, the Minister of Works over his comment that Mr Peter Obi was inciting Igbo against President Bola Ahmed Tinubu.

Obi, the presidential candidate of the Labour Party and leading opposition leader had criticised the decision of the Federal Government to construct a coastal highway from Lagos to Calabar when most existing internal roads in the country were in bad state and needed reconstruction.

But in a response, Umahi instead of responding to Issues raised by Obi alleged that he was misleading Igbo and inciting them against the Federal Government.

Ezeonwuka said Umahi should not sacrifice the Igbo Nation in his quest to be sent as a loyal servant of the President and sustain his political relevance warning that those who tried in the past all had sad and shameful end.

He said he had no problems with Umahi trying to service the ego of his master but it must not be at the risk of the collective destiny of Igbo people.

Ezeonwuka who is the founder of the Ogilisi Igbo Foundation, an Igbo Socio Cultural organisation, said Tinubu had received the greatest support from Igbo people when they refused to join the nationwide protest against harsh policies which would have not only bring his government to its knees but throw the country into crisis.

He said the Coastal highway had been condemned by many including Alhaji Atiku Abubakar, the presidential candidate of PDP as misplaced priority and waste of money and wondered why Umahi should single out Obi for blackmail

“I condemn the blackmail of Mr Peter Obi by Dave Umahi, the Minister of Works and warn him to stop forthwith, he should not try to use Igbo to service his selfish political interest because, nobody who did what he is doing in the past survived it, he should check history.

“He cannot set the Igbo against President Bola Ahmed Tinubu, good friends in Igbo land and Peter has good friends across Nigeria, so, his allegation against Obi is not only false but idiotic and should be withdrawn immediately.

“Umahi can enjoy his spoil of politics but must not do that with the blackmail of Peter or Igbo, I therefore call on Igbo stakeholders to condemn.this rascality against Igbo by Umahi and call him to order, Igbo have had enough of this madness,’’ he said

Ezeonwuka said Umahi should concentrate on his ministerial work and avoid sabotaging and jeopardising the interest of Igbo describing Igbo as a deputy which nobody tries to rubbish with serious consequences.

Anambra Philanthropist Secures Release of 10 Prison Inmates to Mark Birthday, Gifts Int’l Passports to 5 Others, Empowers 40 PWDs

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Anambra Philanthropist Secures Release of 10 Prison Inmates to Mark Birthday, Gifts Int’l Passports to 5 Others, Empowers 40 PWDs

 

By Izunna Okafor, Awka

It was a moment of hope restoration and tears of joy for 10 prison inmates at Onitsha and Awka correctional service centres in Anambra State, as they regained their freedom, as was secured and facilitated by a philanthropist in the State to give his birthday a more symbolic and impactful look.

It was gathered that the inmates have long been placed on bail but were retained at the correctional centres because they had nobody to perfect their bail conditions.

The philanthropist, Chief Maduaburochukwu Attah, perfected the release conditions of the inmates to mark his birthday and thank God for adding another year to his age.

On why he embarked on the intervention, Chief Attah who owns the famous ABU Charity Foundation, said he has no particular reason but just to put smiles on people’s faces.

According to him, “First, today is my birthday and I felt like celebrating with our brothers at the correctional centers. It gives me joy when I help people in need.

“The intervention was to give them another chance to correct the mistakes they made in the past as well as avail them opportunity to contribute their quota to societal progress.

Chief Attah, who also handed over international passports to five Awka youths and empowered over 40 persons with disabilities same day, assured that his foundation would train the freed inmates to become better citizens of the country.

Reacting, Deputy Controller of Onitsha Custodial Correctional Centre, Sunday Igwe, and his Awka counterpart, Solomon Ubah, commended Attah’s gesture and intervention, describing it as rare achievement in todays society.

“I’m very happy. Chief Attah and his NGO have done what we have been yearning for. He perfected the release of five inmates in my Onitsha center as part of his birthday celebration which is something symbolic.

“At the centre, we are about 1,000 but now we would be 995. Also, the population at Awka center will reduce because he promised to do the same there today.

“We have been asking members of the public to always partner with us because some of the inmates have been here for a good number of years simply because they could not meet their bail terms,” Igwe said.

They advised the freed inmates to abstain from crime and embrace a good lifestyle as payback for freedom. They also urged other inmates to leverage various skill acquisition training at the centers while in detention to add value to themselves and to be useful when they regain freedom.

In separate interviews, seven of the freed inmates thanked Maduaburochukwu for the gesture and pledged to turn a new leaf when they get back into society.

Encomiums, As Anambra Philanthropist, Otti Marks Birthday

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Encomiums, As Anambra Philanthropist, Otti Marks Birthday

 

By Odogwu Emeka Odogwu, PhD

Today is May 4th, 2024. It’s Chief Ikechukwu Abraham Otti’s birthday. Chief Otti fondly known as ‘Mighty Mighty’ and revered as the ‘Ikenga of Umuchu, is celebrating his birthday today.

In a world often overshadowed by tales of adversity and struggle, there emerges a figure whose unwavering commitment to community upliftment shines like a guiding light. Chief Ikechukwu Abraham Otti, fondly known as ‘Mighty Mighty’ and revered as the ‘Ikenga of Umuchu,’ epitomizes the essence of service, compassion, and dedication.

Chief Otti’s journey is a shining example of how one person’s dedication and compassion can make a real difference in the world. His remarkable achievements and countless acts of kindness serve as a testimony to the profound impact that individuals can have on their communities. Through his selfless actions, Chief Otti has not only transformed the lives of those around him but has also inspired others to join in his efforts.

His commitment to making the world a better place serves as a powerful reminder that each of us has the ability to create positive change, no matter how small our actions may seem. Chief Otti’s legacy will continue to inspire generations to come to make a difference in their own communities.

Chief Ikechukwu Abraham Otti, born on May 4th, 1973, hails from Umuchu in Aguata LGA, Anambra State. His life story is woven with threads of dedication, vision, and service, both to his community and his beloved family.

An astute business tycoon, with a wealth of experience in oil and gas servicing companies, Chief Otti exemplifies excellence in strategic planning, business execution, and fostering robust industry relationships. His entrepreneurial spirit and exceptional communication skills have propelled him to success in various business ventures, including directorship roles in ALLIED VICTORY NIG LTD and Cifaco Construction Limited.

Allied Victory NIG Ltd is indigenous company that boasts a team of multi-disciplinary experts dedicated to providing efficient, tailored solutions. Its commitment to integrity and professionalism is evident in their meticulous policies, crafted to meet each client’s unique needs. It excel in exceeding international standards, ensuring utmost value for customers. It’s services span general supply, construction, and oil & gas, aimed at maximizing customer benefits. From procurement to maintenance, they are driven by a passion for excellence, building enduring relationships and delivering top-notch products and services, both onshore and offshore.

Chief Otti’s dedication to community service extends far beyond his business endeavours. Through transformative projects like installing modern street lights and constructing new roads in Umuchu, Chief Otti demonstrates his unwavering commitment to enhancing community welfare and infrastructure. These initiatives not only bring tangible improvements but his involvement in various clubs and associations, including the Rotary Club of Port Harcourt and the Port Harcourt Polo Club, underscores his deep-rooted commitment to community development. By leveraging his resources and influence, Chief Otti leaves an indelible mark on the fabric of society, striving to create a better future for all.

With steadfast dedication to the progress of the town, Mighty Mighty Umuchu has undertaken a bold initiative to construct multiple kilometres of roads. He took on the task of constructing the 3-km-long road that stretches from Ibubu to Umualoma, ensuring smoother and safer travel for residents.

His recent endeavours, of illuminating Umuchu with modern street lights, is heartwarming. He illuminated the road from Ibubu junction to every corner of Achalla Village by installing solar-powered street lights, enhancing visibility and security for all.

Chief Otti’s commitment to education is also exemplary. He paid the school fees for one session for all the nursery and primary school students at Holy Trinity Anglican Church, Achalla, Umuchu and promised to continue covering them annually, ensuring that every child has access to education.

Last December, he empowered some youths in his community by gifting them motorcycles for their entrepreneurial endeavours, enabling them to generate income.

As a tradition, every December, he generously distributes bags of rice to each household in Achalla Village, spreading warmth and joy during the festive season. Chief Otti’s heartwarming gesture of distributing over 500 bags of rice to widows and women in Umuchu epitomized the spirit of Christmas — touching the lives of the most vulnerable members of society with acts of kindness and compassion.

Chief Otti, embarked on a heartfelt mission to provide homes for those in need. In a remarkable display of kindness, he oversaw the construction and furnishing of ten homes, which he then gifted to10 indigent widows. His dedication to this project was evident, as he personally ensured that every detail was taken care of to provide comfortable and safe living spaces for the recipients.

For the families who received these homes, it was life-changing. It offered them a fresh start and the opportunity to build brighter futures for themselves and their loved ones. His act of kindness will be remembered for years to come as a shining example of the difference one person can make when they choose to lend a helping hand to those in need.

But Chief Otti’s benevolence did not end there. In a demonstration of his deep empathy, he presented each widow with a substantial sum of N600,000 in cash, recognizing their ongoing needs and striving to alleviate their financial burdens. This act of kindness not only provided immediate relief but also bestowed a sense of dignity and empowerment upon each recipient, affirming their worth and value within the community.

In a remarkable act of generosity and dedication to Umuchu, Chief Ikechukwu Otti, also known as Mighty Mighty Umuchu, took on the entire task of building and outfitting the Holy Trinity Church (Anglican Communion). He didn’t just provide financial support; he invested his time, energy, and resources to ensure the church stood as a symbol of faith and hope for the community.

Chief Otti’s commitment to this project went beyond words; it was a tangible demonstration of his belief in the power of faith to uplift and unite the people of Umuchu. Through his singular effort, he has left a lasting legacy of compassion and community spirit for generations to come.

As Chief Otti continues to spearhead transformative projects and inspire positive change, his legacy of service and compassion reverberates throughout Umuchu and beyond. Through his company, ALLIED VICTORY NIG LTD, he not only delivers quality services but also strives to improve lives and build a better future for generations to come. His vision for becoming a leading and reliable oil and gas company, while upholding the highest standards of compliance, embodies his unwavering commitment to excellence.

In Chief Otti Ikechukwu Abraham, we find not just a leader or a businessman, but a beacon of hope, a champion of compassion, and a symbol of inspiration. On Chief Otti’s birthday today, his story reminds us that amidst life’s challenges, there exists the power to make a difference, to uplift others, and to create a legacy of love and service that transcends time.

As Umuchu basks in the glow of Mighty Mighty’s benevolence, let us all be inspired to follow his example and make our own mark on the world, one act of kindness at a time. Happy birthday “Mighty Mighty”. Happy birthday Ikenga Umuchu. Happy birthday Chief Otti Ikechukwu Abraham. May your days be long!

Comrade Odogwu Emeka Odogwu PhD is a Media and Strategic Communications Consultant based in Awka, Anambra State.
08060750240

 

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