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All You Need To Know About Zenith Bank’s First Female GMD

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Zenith Bank Plc, on Tuesday, appointed Dr. Adaora Umeoji as its new Group Managing Director.

This appointment makes Umeoji the first female to be appointed as the GMD of the bank.

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She will be taking over from the current GMD, Dr. Ebenezer Onyeagwu, after his time in office expires on May 31.

Her appointment is to take effect June 1, 2024, according to a statement signed by the Company Secretary, Michael Otu.

In this piece, The PUNCH highlights 10 things to know about Umeoji:

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READ ALSO: JUST IN: Zenith Bank Appoints First Female GMD

Umeoji holds a Bachelor’s degree in Sociology from the University of Jos.

She also holds a Bachelor’s degree in Accounting and a first-class honour in Law from Baze University, Abuja.

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She holds a Master of Law from the University of Salford, United Kingdom, as well as a Master in Business Administration from the University of Calabar.

She attended the Advanced Management Programme at Harvard Business School.

READ ALSO: EFCC Increases Charges Against Fayose’s Ally To 24

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Umeoji attended the strategic thinking and Management programme at Wharton Business School, USA.

She also attended the executive programme in Strategic Management and has a Certificate in Leading Global Business all from Harvard Business School, USA.

The new GMD holds a certificate in the Global Banking Programme from the Columbia Business School.

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The first female Zenith Bank GMD has a Doctorate in Business Administration from Apollos University, USA.

She holds a Certificate in Economics for Business from the prestigious MIT Sloan School of Management, USA.

READ ALSO: Why Candidates Have To Pay Extra For 2024 UTME- JAMB Registrar

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She is a fellow of the Chartered Banker Institute, UK, Chartered Institute of Bankers of Nigeria, Institute of Chartered Mediators and Conciliators, the Institute of Chartered Secretaries and Administrators of Nigeria, Nigerian Institute of Management, Institute of Credit Administration and the Institute of Certified Public Accountants of Nigeria among others.

She is the founder of the Catholic Bankers Association of Nigeria.

In 2022, Umeoji was honoured with the national honour of the Officer of the Order of the Niger, as a recognition of her contributions to nation-building by the Federal Government.

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She is a Peace Advocate of the United Nations (UN-POLAC).
The CEO has 30 years of experience in the banking sector.

Before her appointment, Umeoji has been the Deputy Managing Director of the bank since October 28, 2016.

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Russia Returns Bodies Of 1,000 Ukrainian Soldiers

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Russia on Tuesday returned the bodies of what it said were 1,000 Ukrainian soldiers, five of whom died while in captivity, a Ukrainian government agency said.

Ukraine returned the bodies of 19 Russian soldiers in exchange, a Russian official said.

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Tens of thousands of soldiers have been killed on both sides since Russia invaded its neighbour in February 2022, though neither side regularly publishes data on their own casualties.

The exchange of prisoners of war and repatriation of war dead has been one of the few areas of cooperation between the two countries since the war began.

READ ALSO: Russia, Ukraine War: Trump Rules Out Immediate Ceasefire, Pushes For Peace Deal

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The two sides have intensified these efforts in recent months during talks in Istanbul.

According to the Russian side, 1,000 bodies belonging to Ukrainian military personnel have been returned to Ukraine,” Ukraine’s Coordination Headquarters for the Treatment of Prisoners of War said in a statement on Telegram.

Unfortunately, among those repatriated are the bodies of five Ukrainian servicemen who died in captivity,” it added.

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READ ALSO: Russia, Ukraine War: Trump Rules Out Immediate Ceasefire, Pushes For Peace Deal

It said law enforcement would begin the process of identifying the soldiers.

The exchange was carried out by agreements reached between the two sides in Istanbul, Russian negotiator Vladimir Medinsky said.

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Kyiv initially said the two had agreed to “exchange” the bodies of 6,000 Ukrainian soldiers for as many Russians, though Moscow has always presented the deal as a unilateral decision to repatriate Ukrainians.

AFP

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Russian Politicians Mock European Leaders After White House, Ukraine Talks

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Russian politicians have ridiculed European leaders following the White House meeting on the Ukraine war.

Former Russian president Dmitry Medvedev called it “anti-Russian warmongering Coalition of the Willing” and ineffective.

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He claimed that they thanked and sucked up to U.S. President Donald Trump but failed to outplay him.

In his post on X on Monday, Medvedev also mocked Ukrainian President Volodymyr Zelensky, questioning how the “clown from Kiev” would act once he was back home and wearing his military uniform.

READ ALSO:US Diverted 20,000 Anti-drone Missiles From Ukraine To Middle East -Zelensky

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The talks in Washington involved Trump, Zelensky, and top European officials, including German Chancellor Friedrich Merz and French President Emmanuel Macron.

Others are: British Prime Minister Keir Starmer, European Commission President Ursula von der Leyen, and NATO Secretary-General Mark Rutte.

The European leaders discussed a peace process and stressed that Ukraine must receive strong security guarantees.

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Trump suggested a rapid follow-up meeting between Zelensky and Russian President Vladimir Putin, which could then pave the way to a meeting that would also include him.

READ ALSO:753 Duplexes: Abuja Court Admits Emefiele To N2bn Bail

Russian foreign policy expert Konstantin Kosachev said on Telegram that, under pressure from Trump, Ukraine and the Europeans had to moderate their anti-Russian stance.

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Times have changed. Neither Kiev nor Brussels can bark at Russia hidden behind the American back,” wrote the chairman of the Foreign Affairs Committee in the Russian Federation Council.

One consistent message was opposition to European capitals being involved in peace negotiations.

Leonid Slutsky, head of the Russian State Duma’s foreign affairs committee, said: “Europe should follow Vladimir Putin’s call and not interfere in the negotiation process.”

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(dpa/NAN)

 

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Google Fined $36m In Australia Over Anticompetitive Search Deals

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Google has agreed to pay a fine of 55 million Australian dollars (US$36 million) after admitting to anticompetitive agreements with the country’s two largest telecommunications firms, Telstra and Optus.

The Australian Competition and Consumer Commission announced the penalty on Monday in a statement obtained from its website , saying the arrangements between the tech giant and the two telcos reduced search competition and consumer choice in Australia.

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According to the ACCC, Google’s Singapore-based Asia Pacific division entered into contracts with Telstra and Optus between late 2019 and early 2021.

Under the agreements, the telcos were banned from installing rival search engines on Android smartphones sold to customers.

READ ALSO:US Envoy, Minister Address Visa Policy Changes, Urge Compliance

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The deals, which ran for about 15 months until March 2021, ensured that Google Search was the sole pre-installed option on Android devices. In return, Telstra and Optus received a share of advertising revenue generated from users’ searches.

The regulator said Google had accepted that the agreements were likely to “substantially lessen competition.”

Proceedings have been launched in the Federal Court, which will decide whether the AU$55 million penalty is appropriate.

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In addition to the fine, Google has signed a court-enforceable undertaking requiring it to remove restrictions on pre-installation and default search engine options from future contracts with Android phone manufacturers and telecommunications operators.

READ ALSO:Google Drops Pledge Not To Use AI For Weapons

ACCC chair Gina Cass-Gottlieb welcomed the outcome, stressing that anti-competitive conduct directly harms consumers.

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“Conduct that restricts competition is illegal in Australia because it ully means less choice, higher costs or worse service for consumers.

“Today’s outcome, along with Telstra, Optus and TPG’s undertakings, have created the potential for millions of Australians to have greater search choice in the future, and for competing search providers to gain meaningful exposure to Australian consumers,” she said.

Cass-Gottlieb also noted that the changes come at a critical time. “Importantly, these changes come at a time when AI search tools are revolutionising how we search for information, creating new competition,” she said.

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READ ALSO: Google Shares Slide On Spending Plans Despite Sales Jump

Under the new arrangements, Telstra, Optus and TPG are allowed to configure search services on a device-by-device basis, even in ways that may not align with Google’s default settings.

The telcos may also enter into pre-installation agreements with other search providers.

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With AI search tools becoming increasingly available, consumers can experiment with search services on their mobiles,” Cass-Gottlieb said.

The case follows a lengthy ACCC investigation, which began after concerns were raised during the regulator’s Digital Platform Services Inquiry into search defaults and choice screens.

READ ALSO:Google Doodle Celebrates Mexican Archaeologist On 128th Birthday

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“Co-operation with the ACCC is encouraged.

“It can avoid the need for protracted and costly litigation and lead to more competition.

“More competition in markets drives economic dynamism, but the reverse is true when markets are not sufficiently competitive,” Cass-Gottlieb said.

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She said ACCC remains committed to addressing anti-competitive conduct like this, as well as cartel conduct.

Last year, Telstra, Optus, and rival TPG agreed to court-enforceable undertakings with the ACCC, pledging not to renew or enter into similar arrangements with Google that would limit search engine options.

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