BUSINESS WEMA Bank divests from GNI
Sovereign Trust Insurance partners DAME on media excellence
WEMA Bank Plc on Monday said it has divested its majority stake in Great Nigeria Insurance Plc.
This is contained in a statement signed by Mr Tunde Lawanson, the company’s Head, Brand Management and Research, and made available to the News Agency of Nigeria in Lagos.
Lawanson said that the new Sovereign Trust Insurance Plc has partnered Diamond Publications Limited, organisers of the Diamond Awards for Media Excellence (DAME
The Underwriting Firm, in conjunction with Diamond Publications Limited, organised a one-day media workshop for journalists in the country across the print and electronic media.
The workshop was aimed at Chairman of the bank, Mr Tokunbo Talabi, had assured shareholders of the new board’s commitment to ensuring optimum performance of the company.
``Following the CBN directive for banks with subsidiaries to either sell off their subsidiaries or adopt a holding structure, Wema Bank Plc., decided to sell her stake promoting professionalism among journalists with special focus on insurance reporting. The theme of the one-day journalism workshop was tagged: “Widening the pools of Excellence” and it was held in Lagos.
The Chief Organiser and Administrator of DAME, Mr. Lanre Idowu, said the initiative was borne out of the pressing need to enhance journalists’ professional capacity and equip them with modern methods of news gathering for better reporting. in the company.
``The successful bidding process which started in 2011 led to the new ownership of Great Nigeria Insurance Plc.
``The new board wants to emphasis that the corporate governance policy will be strictly pursued.”
Lawanson disclosed that the Managing Director of the bank,
He stated that, if the goals of impacting positively on the Nigerian media development landscape are to be realised, reporting standard must be urgently improved upon”.
The Head of Corporate Communications and Brand Management of Sovereign Trust Insurance Plc, Mr. Segun Bankole, said that the media in any society act as the barometer for social conscience, adding that the media must be encouraged to continue to Mrs Cecelia Osipitan, had assured that the company was now fully focused on implementing its e-engineering initiatives and customer service improvement programme.
He said that its retail products FireProof, Motorflex and Great Savers Delight which were sold under its e-business platform had also started growing. (NAN) play this very critical role.
While commenting, the Managing Director/CEO of Sovereign Trust Insurance Plc, Mr. Wale Onaolapo, pointed out the need for professionals to constantly learn and improve in their jobs.
He said that the importance of the role of the media in any society cannot be undermined, stressing the need for journalists to continuously improve to maintain their watchdog status in the society.
Managing Director/CEO, Africa Prudential Registrars Plc, Mr. Peter Ashade; Chairman, Chief (Mrs) Eniola Fadayomi; and Company Secretary, Mr. Musa Bello, at the 1st Annual General Meeting of the company in Lagos yesterday.