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STRAY BULLET

FIDELITY BANK DECLARES N110.3 BILLION GROSS EARNINGS IN NINE MONTHS

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Despite the country’s raging economic downturn precipitated by the free-fall in global oil prices, Fidelity Bank Plc, one of the country’s highly diversified financial institutions recorded gross earnings of N110.3 billion in its unaudited financial results for nine months ended September 30, 2016. The Bank’s gross earnings rose to N110.3 billion from N107 billion, representing a growth of 3.0 percent. This result is contained in a statement issued by the Bank and made available in Lagos yesterday. Fidelity also said that it grew its deposit base by 3.4 percent to N795.6 billion from N769.6 billion in 2015 Financial Year (FY). According to the lender, the devaluation of the Naira accounted for N53.6 billion of its deposit growth.

Commenting on the financial results, the Managing Director/Chief Executive Officer of the Bank, Nnamdi Okonkwo pointed out that the Bank’s performance was indeed reflective of the recessionary environment characterized by lower government revenues, rising inflation, lower consumer disposable income, significantly tougher operating environment in all sectors and the impact of these headwinds on asset quality and foreign trade transactions. According to the Fidelity boss, “We continued with the disciplined execution of our medium term strategy and recorded decent growth on some key operational metrics while moderating the impact of the headwinds above on other financial indices.”

The unaudited financial statement also stated that Profit before Tax (PBT) decreased by 28.7 percent to N9.8 billion from N13.8 billion in the period under review. Giving cogent explanations for the relatively poor performance in this regard, the Fidelity helmsman noted that PBT declined largely due to “a 102.0 percent Year-on-Year (YoY) growth in impairment charge (N4.0bn) driven significantly by increased provisions made in the second quarter (Q2) and third quarter (Q3) of 2016 (N4.1 billion and N3.2 billion respectively) due to the impact of the devaluation of the local currency (naira) on our trade finance portfolio and some critical sectors affected by the weaker macroeconomic indices.”

He further added that a 95.7 percent YoY (N1.3bn) decline in dividend income on equity investments as well as a 8.9 percent YoY growth in operating expense were also responsible for the decline in profit. According to him, growth in operating expenses was driven essentially by increased technology and advert costs. On a Quarter-on-Quarter (QoQ) basis, he stated that gross earnings grew by 10.7 percent to N39.9bn driven by a 22.6 percent growth in Interest Income. “The Interest Income growth was largely driven by 25.6 percent (N5.4bn) growth in Interest Income on Loans while Interest Income on Liquid Assets increased by 13.5 percent (N0.9 billion) for the quarter”, Okonkwo said.

On a QoQ basis, the report stated that NIM increased to 7.0 percent from 6.5 percent in H1 2016 as the increase in the Bank’s average yield on earning assets (0.8 percent) outpaced the growth of its funding cost (0.4 percent). “The increased yields on earning assets was driven by the re-pricing of the loan book and higher yields on liquid assets. Deposits grew by 3.4 percent (N26.0bn) from Dec 2015…” he explained. Low cost deposits, according to Okonkwo currently accounts for 78.4 percent of total deposits, adding that savings deposits grew by 20.4 percent from December 2015 as the Bank continued to implement its retail banking strategy which is being driven by its electronic products and channels.

“We have crossed the half a million customer base on subscribers to our flagship Instant Banking product:*770# (Mobile Phone USSD Technology) and we will be launching payment services to merchants using our Instant Banking product (*770#) in Q4, 2016”, Okonkwo disclosed. Risk assets grew by 26.1 percent (N150.8bn) from Dec 2015 with the devaluation of the naira accounting for 20.4 percent (N118.2bn) of our loan growth. Foreign currency loans now constitute 45.3 percent of total loans up from 40.4 percent in Dec 2015 due to the currency devaluation. The organic loan growth of 5.6 percent was principally driven by on-lending facilities to the public sector. Cost of risk increased to 1.5 percent in 9M 2016 due to the N7.2bn impairment charge taken in Q2 and Q3 2016.

“We have continued to take a very prudent view of the impact of the currency devaluation, tougher operating environment and declining consumer disposable income on selected sectors of our loan portfolio. “NPL ratio increased to 4.5 percent largely due the macro-economic weakness which has negatively impacted on our asset quality metrics. “We are still focused on keeping our NPL ratio below 5.0 percent in this very challenging operating environment. Our other regulatory ratios (Liquidity Ratio / CAR) remained above the set thresholds, though Capital Adequacy Ratio improved from 16.4 percent in Q2 2016 to 16.8 percent in Q3, 2016, we expect CAR to revert to 18 percent+ once we adjust for the excess non-distributable reserves (N23bn) in our 2016FY audited accounts.”

The Bank’s key objectives for the 2016 Financial Year (FY) remains: redesigning its systems and processes to enhance service delivery, cost optimization initiatives to moderate expenses in a rising inflation environment, proactive risk management, increased customer adoption/migration to our digital platforms and increasing our retail banking market share”.

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INVESTIGATION

Investigation: Shadows of Neglect and Conflict Plague Federal Teaching Hospital Lokoja Amid Allegations of Overwork Exploitation and Ethical Breaches

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By Onoja Baba

In Lokoja,  Nigeria’s’ only confluence capital, where the Niger and Benue rivers merge, a different kind of convergence unfolds, one fraught with despair, exhaustion, and ethical quandaries at the Federal Teaching Hospital Lokoja, formerly known as the Federal Medical Centre Lokoja. This institution, mandated to deliver world class healthcare to Kogi State’s residents and beyond, stands accused of systemic failures that have claimed lives, shattered families, and eroded public trust.

SecretsReporters delved deep into a web of allegations spanning overwork of junior doctors, patient neglect, violent intrusions by political figures, and glaring conflicts of interest, where senior medical professionals allegedly divert resources and patients to their thriving private ventures. This exhaustive probe, drawing from eyewitness accounts, historical records, official statements, and exclusive interviews, uncovers a hospital teetering on the brink, where the pursuit of private gain clashes with public duty, potentially violating Nigeria’s medical ethics and public service codes.

The troubles at Federal Teaching Hospital Lokoja are not new. Tracing back to at least 2018, the facility of the Kogi State Specialist Hospital in Lokoja was plunged into mourning with the death of Doctor Chukwudibe Rosemary, the Head of Department of Internal Medicine, on a Monday that year. Reports from the time detailed how Doctor Rosemary succumbed, allegedly due to exhaustion, overwork, and the non-payment of salaries by the Kogi State Government since February of that year. Compounding the tragedy, another doctor, Idris Nuhu, along with three nurses and a ward attendant, reportedly collapsed under similar strains of relentless duty. The nurses had been on shift since the previous Saturday morning, their workloads exacerbated by a two month strike from the Joint Health Sector Union, which left fewer hands to manage an influx of patients. A hospital staffer, speaking anonymously, connected Doctor Rosemary’s demise to financial woes, recounting how she lamented her omission from the March salary schedule, forcing her to languish in penury, unable to afford her own medications. The informant alleged a dire lack of resources, including no oxygen spanner available to administer lifesaving oxygen and insufficient funds to conduct necessary tests. This whistle-blower urged the state government to prioritize civil servants welfare, highlighting how erratic traffic payment systems adopted by the administration had deepened the crisis.

Fast forward to January 2024, and the hospital became a battlefield when Suleiman Abubakar, the Majority Leader of the Kogi State House of Assembly representing Okene One constituency, allegedly mobilized hoodlums to assault medical staff following the death of his relative. Eyewitnesses described how Abubakar and his entourage broke through the hospitals gates on a Tuesday, unleashing chaos in the Accident and Emergency department. One doctor, recounting the ordeal on Wednesday morning, detailed how the lawmaker tore shirts and beat health workers on duty. The physician explained that their team was reviewing a new patient when the group demanded accountability for a lost patient, whom they later learned was under Abubakars care. Confused and uninvolved, the doctors faced violence, with Abubakar hurling his phone at one and attempting to tear clothing. The assailants destroyed property in the Accident and Emergency unit, assaulting nurses, doctors, and security personnel. The hospital’s Chief Security Officer intervened with a gun, but the mob wrestled it away, firing several shots during the struggle, forcing staff to hide and lock gates. Another doctor, identified as @k_f2d on X (formerly Twitter), confirmed the assault in a series of posts, noting she was directly attacked and a colleague suffered injuries requiring a chest X ray. The lawmaker and his men reportedly beat anyone intervening, including security, while vandalizing hospital assets. When contacted, Kogi State Police Public Relations Officer William Ovye Aya deferred comment, as he was at a recruitment venue, promising to respond later.

Public reactions to the incident poured in on social media and forums, revealing a polarized community. Facebook users reacted to the story with different narratives. Adamu George lamented the hospitals management lessons learned only when high profile cases arise, recalling his 2020 loss of a twenty three year old son due to absent doctors, beds, and attendants. Muazu Sadiq acknowledged potential uncaring behaviour by staff but condemned the lawmaker’s vigilante justice, urging redress through authorities.

In response to the allegations, Suleiman Abdulrazak, the majority leader, denied involvement in shooting or vandalism in a statement issued on January 26, 2024. He accused the hospital of negligence and lies, admitting he visited with two brothers and a colleague but framing the incident as a reaction to delays in treating his father in law, referred from Reference Hospital Okene. Abdulrazak claimed staff removed the oxygen mask without improvisation, leaving the patient unattended for three hours, leading to death. He noted two other negligence related deaths upon arrival, creating a rowdy environment with aggrieved relatives. The lawmaker described finding the Accident and Emergency department padlocked and encountering unresponsive doctors, whom he greeted and introduced himself to but received rude, nonchalant responses. He alleged a chaotic scene involving unidentified men in mufti, staff, and relatives, where one fired shots sporadically, prompting his colleagues security to disarm him. Abdulrazak categorically denied taking thugs, vandalizing facilities, or brutalizing staff, calling it a campaign of calumny. He criticized the hospitals focus on propaganda over quality care, petitioned authorities for investigation, and expressed confidence in justice. The Nigerian Medical Association demanded his arrest and prosecution, amplifying calls for accountability.

SecretsReporters’ own visit to Federal Teaching Hospital Lokoja underscored the dilapidated state. A patient needing dialysis, who walked in with our reporter, was swiftly redirected by three nurses at the Nurses’ Station, including one male and two females, to the Kogi State Specialist Hospital. The nurses openly admitted that many doctors at both facilities (Specialist and FTH) own and manage their private clinics or hospitals, exacerbating resource strains.

The nurses disclosed that the hospital lacked basic admission cards that day, attributed to a health workers strike, but SecretsReporters observed that the only visible development was a massive mosque construction nearly rivaling the administrative building in size. A resident of Lokoja, Ahammed Shaba, lamented this prioritization, questioning how religious structures eclipse medical needs in a facility grappling with inadequate infrastructure.

He said, ‘’I still struggle to understand where exactly we got it wrong, and how wrong we got it. Recently, I noticed a gigantic construction project ongoing at the Federal Medical Centre (FMC), Lokoja, Out of curiosity, I made inquiries and discovered that the structure is a mosque.

‘’This development, however, raises serious concerns. When completed, aside the administrative building, both the mosque and the church within the FMC premises will likely stand as the largest structures in the entire compound in a medical centre that is already grappling with inadequate medical facilities and infrastructure. What this clearly suggests is that Christians and Muslims appear to be competing over who owns the biggest religious structure, rather than prioritising the core purpose of the institution.

‘’More troubling is the placement, the mosque is located close to the main gate, while the church is situated around the residential/administrative area.

‘’This is a federal government establishment, meant to serve all Nigerians regardless of faith, yet religious identity seems to be taking centre stage over institutional functionality.’’

The Mosque under construction

A focal point of SecretsReporters’ uncovering is Adewale Arimiyau Abolore, head of the dialysis unit at the FTH, Lokoja, whose private A4 Consultant Clinic and Dialysis Centre thrives a stone throw away from the FTH. Just opposite the FTH. Incorporated on August 2, 2018, with registration number RC 2635840, its address is No. 6B, J.S.Q. Nigerian Inland Waterways Authority quarters, Lokoja. Abolore serves as proprietor, with activities in medical practice and consultancy. SecretsReporters observed that while the dialysis machine at FTH non-functional with patients being redirected, the A4 boomed with patients spilling outside to decongest interiors. This proximity raises concern and the operation of the A4 owner raises conflict of interest flags against public office holder codes. Even though the Medical and Dental Council of Nigeria’s Code of Medical Ethics, under Rule 49, restricts full time public consultants to one private clinic outside duty hours, mandating in hospital care only at the employing public facility, Rule 42 prohibits enticing patients from colleagues, emphasizing no professional dealings without notice to prior attendants. While the code spells no explicit distance, the Nigerian Constitutions Fifth Schedule Code of Conduct for Public Officers forbids full time officers from managing private businesses except farming to avert conflicts.

SecretsReporters learnt that the dialyses unit of the FTH Lokoja, headed by the owner of the A4 hospital, is one of the units left in terrible conditions.

In an exclusive interview with Doctor Omeiza David Sunday, President of the Association of Resident Doctors at Kogi State Specialist Hospital Lokoja, SecretsReporters conducted as part of probing dual practice, conflicts, self-referrals, neglect, and enforcement gaps, he provided insights from a general perspective. Denying widespread ownership, he noted barely a few doctors at Specialist own private hospitals, roughly one or two percent of total, and emphasized their near constant presence in public duties. He argued few patients in privates come from government referrals, less than zero point one percent, attributing preferences to privacy and accessibility. Overwork, he admitted, affects all due to doctor shortages, with thousands japaing abroad, leading to strikes and low pay

He clarified dual practice as owning versus part time work in privates for tokens outside hours, insisting no inherent conflict if duties are fulfilled. On negligence, he viewed it as universal, not public specific, often misconstrued by the public, like referrals for space shortages being labeled neglect. . ‘’Negligence isn’t just a public hospital concern; it can happened anywhere including private hospitals. It happened in developed Nations and that’s why litigation exists for damages. The Dr that took care of the late Michael Jackson wasn’t a Nigerian. The only misconception in the public most time is that what the masses referred to as negligence isn’t negligence in most case. A patient is referred for lack of space and he goes out there and call it negligence,’’ he said.

He rebuffed claims of most Specialist doctors owning privates as lies, noting none among his seven executives do. He said, ‘’If most Drs have private hospital, how come I don’t have? We are 7 as excos and none of us has private hospital.’’

Doctor Omeiza however mentioned that there is a required distance a private hospital must maintain from a public facility, though unable to recall it precisely, underscoring potential ethical lapses in such close setups.

Messages to former Nigerian Medical Association President Doctor Omede Idris went unanswered. Meanwhile, another NMA former president who reached out informed SecretsReporters that he would not like to speak on the matter. He however admitted that running a private clinic while serving as doctor with a government hospital is illegal for doctors under 10 years of practice.

This mosaic of incidents, conditions, and testimonies paints a hospital in crisis, where junior doctors allegedly endure extended duties beyond norms, fearing reprisals from superiors, a claim Doctor Omeiza contextualized as shared overwork.

FTH Lokoja’s history reveals a transformation fraught with challenges. Originally, the General Hospital Lokoja, built in 1954 by the former Kabba Provincial Government at the Nigerian Inland Waterways Authority headquarters in Adankolo, it relocated in 1958 to its current Government Reserved Area site, half a kilometer away. Upgraded to specialist status in 1984 under Kwara State with additions like four wards, a laboratory X ray building, store laundry complex, and mortuary, it became part of Kogi State in 1991. The Federal Medical Centre Lokoja emerged on November 9, 1999, via an agreement between the Federal Ministry of Health and Kogi State Ministry of Health, starting with eighty six personnel. The mandate emphasized skilled care in a friendly atmosphere sustained by research and training. Late Professor Momoh Anate, the first Medical Director appointed November 12, 1999, oversaw initial renovations, absorbing 252 staff from the old General Hospital in August 2000. Absorbing outdated infrastructure necessitated pulling down old roofs and rebuilding outpatient consulting, pharmacy, children ward, dental, accounts, audit, physiotherapy, casualty, and medical social welfare departments. Miss Thomas Itsemhe A. Val, the first youth corper in 2004, contributed by designing layouts, signposts, labels, wards, offices, and the centres flag.

Under Doctor Dada Gbadebo Eleshin, acting from November 9, 2007, and confirmed in May 2008, manpower shortages were addressed with small scale recruitment of medical officers, nurses, laboratory assistants, health attendants, records assistants, and electricians. Previously, one doctor covered the entire hospital on call and one nurse per ward on afternoons or nights. Locum staff and corps members bridged gaps until larger recruitments in 2010 and 2013.

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STRAY BULLET

Enough of the bullying of Immigration officers by Minister Olubunmi Tunji Ojo

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Tunde Olukoya

Hon. Olubunmi Tunji Ojo in a bid to convince gullible Nigerians that his much celebrated reforms in Nigeria Immigration Service embarked on an unscheduled working visit to the FCT Command Passport Office at Abuja where he was seen on video widely circulated on the social media emotionally abusing officers and men of the office. He was seen accusing them of tactically failing to attend to the Passport applicants under the guise of poor internet network services.

Hon Tunji Ojo since his assumption of office has been carrying out campaign of blackmail against the officers of Nigeria Immigration Service branding them rogues and criminals. The style of leadership and human resources management employed by the Hon Minister defies every known theory of motivation of the workforce.
The Minister conduct in the viral video is condemnable, lacks respect for uniform ethics, and national embarrassment. It is likened to a Pharasee who is removing dust in one’s eyes while carrying a log on his own eyes.

The Minister cannot claim ignorance of the fact that his reforms in NIS are not working. It is a known fact that the internet backbone being used by the Passport offices are sim-enable routers that are not up to 5G networks which connects the passport office to their remote servers at the production centres and which fluctuates whenever there are weather changes. Clusters of Passport offices (some cases 5 states) are connected to a production center and when there are power failure or network issues at the production center the entire passport offices in the five states will be shut down.
Will he Hon Minister also claim ignorance of the fact that the Immigration website recently encountered down time making it difficult for payments to be made during the day time except one wakes up late at night to do the payment?

Since taking up the production of Cerpac card has the Minister been able to produce cards for the expatriates? Is he Minister not aware of how difficult it is for Nigerians in diaspora to receive their passports which he is producing from Nigeria?
Is the Minister not aware of the difficulties encountered by foreigners applying for eVisa?

Is it also the fault of Immigration officers that his much advertised central Passport production has not kicked off? Is it the fault of the Immigration Officers that he has not been able to solve the problem of scarcity of passport booklets?

Can the Hon Minister be transparent enough to tell Nigerians how much the passport offices receives as subvention to run the office and how he finances the internet network services in all the passport offices?
Is the Minister not aware that his portals for various immigration services functions effectively only at nights?

Can he be transparent enough to tell Nigerians how effective is the passport delivery system? Can he be transparent enough to tell Nigerians who takes the extra charges of #4000 and #7000 in each passport and about $140 in Cerpac?

When Col Ahmed Ali rtd. took over Customs he didn’t reform Customs by bullying officers but rather he worked on the welfare of custom officers and got Government to adequately remunerate he customs officers providing logistics and infrastructural support to the customs officers and this gave rise to increase in revenue for customs. Can Tunji Ojo tell Nigerians how he provides uniform materials for the officers?

Can he tell Nigerians what support he has given to Immigration Officers who are being killed or injured in JTF operations in North East and other operations in other parts of the country? as well as at the various borders in the country? What was his effort in securing release of abducted officers of the Service in Benue and other states?

Apart from hijacking Immigration duties and giving to surrogate companies without adequate manpower what training program has he executed for the officers and men of the Service in the areas of ICT and effective management to boost the performance of officers?
I wish to call on Investigative Journalists to carry out an investigation on the reforms by Olubumi Tunji Ojo with a view to unraveling the truth or else he will run NIS to a halt.

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SCANDALS

Hypocrisy Unmasked: Public Complaints Commission’s Management Share Millions Of Public Funds To Staff as Pocket Money

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Secrets Reporters


The very institution tasked with upholding accountability and transparency, the Public Complaints Commission (PCC) – Nigeria’s own Ombudsman – finds itself under an uncomfortable spotlight as an audit report, obtained by SecretsReporters, reveals a worrying pattern of irregular expenditure.
The report highlights reimbursements for out-of-pocket expenses totaling a staggering ₦9,969,920.00, paid to staff without due approvals, casting a long shadow over an agency meant to champion integrity.


The audit’s findings lay bare a system seemingly oblivious to the established financial regulations. Paragraph 2302 of the Financial Regulations (FR), 2009, serves as the bedrock for prudent financial management, stipulating that all local purchases or indents must be authorized by the officer controlling expenditure and signed by them. However, the PCC, an agency dedicated to investigating public grievances against government bodies and private institutions, appears to have fallen short of these very standards.


According to the comprehensive audit, the sum of Nine million, nine hundred and sixty-nine thousand, nine hundred and twenty naira (₦9,969,920.00) was disbursed as reimbursement for out-of-pocket expenses to its staff. What raises a red flag is the glaring omission of crucial documentation: there was no evidence of a need assessment report for most of these items being out of stock or in the store, nor was there any sign of approval to incur these expenses on behalf of the Public Complaints Commission.


These anomalies, the report unequivocally states, can be attributed to “weaknesses in the internal control system at the Public Complaints Commission, Abuja.” The risks stemming from such lax controls are far-reaching and gravely concerning: a potential “diversion of public funds,” the specter of “payment for goods not delivered and services not rendered,” and ultimately, the “misappropriation of funds.”


In a move that could be seen as a turning a blind eye to the grave allegations, the PCC management offered “No response” to the audit’s findings. This silence, the auditors emphasized, leaves the findings valid and standing firm “until the Management implements the recommendations.”
To pull the agency back from the brink, the audit has laid out clear and stringent recommendations for the Chief Commissioner. He is now formally requested to account to the Public Accounts Committees of the National Assembly for the sum of ₦9,962,920.32, which was specifically identified as paid to officers “without approvals.”


Furthermore, the report demands the urgent recovery and remittance of this exact sum to the Treasury, with undeniable evidence of this transaction to be forwarded to the Public Accounts Committees.
Failure to comply, the audit warns, should trigger appropriate sanctions relating to poor management of cash and irregular or wrong payment, as stipulated in paragraphs 3115 and 3106 of the Financial Regulations, 2009.

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