BUSI­NESS WEMA Bank di­vests from GNI

Sov­er­eign Trust In­sur­ance part­ners DAME on me­dia ex­cel­lence

Daily Trust - - NEWS - From Chris Agabi, La­gos

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.

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