Friday, 24 July 2015

Stop playing to the gallery, go ahead and probe Jonathan, Fayose dares Buhari
Ekiti state Governor, Ayodele Fayose has asked President Muhammadu Buhari’s government to “just go ahead and carry out the probe” of the previous administration of Goodluck Jonathan, rather than making “announcements in the media”.
In a statement issued by Lere Olayinka, his special assistant on public communications and new media, Fayose said the government of Buhari and the All Progressives Congress (APC) was only “playing to the gallery.
He urged the government not to embark on selective probe, saying: “From all indications, it is obvious that the probe they are talking about is targeted at some people and if activities of anti-graft agencies during the tenure of President Buhari are going to be selective, the president should know that the world is watching.”
Fayose also stated that the consequence of Jonathan conduct of a credible election and handing over power to the winner should not be witch-hunting, “as obviously being done by the federal government”. “Nigerians should not be probed on the pages of newspapers. Rather, the anti-graft agencies should do their jobs quietly, diligently and in accordance with the laws of the country, not as dictated by any individual or political party,” he said. “If there must be any probe, Nigerians want a general probe, not a probe targeted only at PDP supporters, those who served in Jonathan’s government and those seen as not agreeing with the APC positions on the National Assembly.
“However, if what they believed should be done is a selective probe, those holding power in Abuja now should know that what goes round will surely come round and it is just a matter of time.” He told Buhari to pay more attention to governance, especially the Boko Haram insurgency that has come back strongly, taking control of five local government areas in the north-east, the rising exchange rates of dollar, pound sterling, euro and other foreign currencies; and most importantly, he be guided by the rule of law.
“This is because four years is a very short period and time is already going. Before you sleep and wake up, four years will be gone and Nigerians will rate the government based on how well the government bettered their lives, not how many perceived enemies were hunted with anti-graft agencies.
“God is already vindicating Dr Jonathan by elevating those who worked with him. As opposition party, APC disparaged Jonathan and those who worked with him. Now that the party is in power, they are still doing the same, behaving as if the party is still in opposition.
“Ironically, the same people the APC vilified are being elevated at the world stage. Dr Akinwumi Adesina, who served a Jonathan’s Minister of Agriculture, is now the African Development Bank (ADB) president while Arunma Oteh,who was the Director-General of the Security Exchange Commission (SEC) under Jonathan is reported to have been appointed as the World Bank Vice-President and Treasurer.”

Breaking: Arunma Oteh joins World Bank as vice-president

Arunma Oteh, former director-general of the Security Exchange Commission (SEC), has joined the World Bank as vice-president and treasurer.Aruma Oteh
Her appointment was confirmed by the president of the World Bank, Jim Yong Kim, in a press statement. “I am pleased to announce the appointment of Arunma Oteh as VP and Treasurer of the World Bank,” he said.
“Arunma, a Nigerian national, was most recently the Director-General of the Securities and Exchange Commission of Nigeria. Appointed to a five-year term by the President of Nigeria in 2010, she led the transformation of the country’s capital markets industry into a major global presence.
She was a member of the Board of the International Organization of Securities Commissions (IOSCO) and the Chairperson of the Africa Middle East Regional Committee of IOSCO.
“Prior to joining the Securities and Exchange Commission (SEC) of Nigeria, Arunma was Group Vice President, Corporate Services, at the African Development Bank Group (AfDB).
In this role, she oversaw a number of departments, including human resources, information and communications technology, and institutional procurement.
From 2001 to 2006 she held the role of AfDB Group Treasurer, where she led AfDB’s fundraising and capital market activities across the world. Earlier roles at the AfDB, which she joined in 1992, included trading room management, investment portfolio coverage, and public sector lending. She also held other positions in capital markets and lending during the course of her career at the AfDB. Arunma began her career in 1985 at Centre Point, where she executed debt and equity offerings in the Nigerian capital markets. “She earned her Bachelor of Science in Computer Science from the University of Nigeria and her Masters of Business Administration from Harvard University. “As VP and Treasurer, Arunma will manage and lead a large and diverse team responsible for managing more than $150 billion in assets. Her top priorities will be to: (i) maintain the World Bank’s global reputation as a prudent and innovative borrower, investor and risk manager; (ii) manage an extensive client advisory, transaction and asset management business for the Bank; (iii) engage, in her capacity as one of the World Bank’s key representatives, with outside stakeholders including global private sector financial institutions, the financial media and the sovereign debt and reserve managers in client countries, as well as ratings agencies; and (iv) collaborate extensively with the Finance Partners throughout the WBG, including with IFC and MIGA, expanding shared approaches, in particular around innovative financing for development and for key new projects.
“Ms. Oteh was selected to this position through an international competitive search. Her appointment is effective on September 28, 2015.”
Expressing joy on her appointment, Oteh wrote on Twitter: “A great time to join the World Bank given the innovative solutions it is deploying to end extreme poverty and ensure shared prosperity.
“Thanks for your kind messages for my appointment as VP and Treasurer World Bank. Such an honor, so grateful to President Kim and the Board of World Bank.”
- See more at: http://247nigerianewsupdate.co/breaking-arunma-oteh-joins-world-bank-as-vice-president/#sthash.6d3e2Ex8.dpuf

Breaking: Arunma Oteh joins World Bank as vice-president

Arunma Oteh, former director-general of the Security Exchange Commission (SEC), has joined the World Bank as vice-president and treasurer.Aruma Oteh
Her appointment was confirmed by the president of the World Bank, Jim Yong Kim, in a press statement. “I am pleased to announce the appointment of Arunma Oteh as VP and Treasurer of the World Bank,” he said.
“Arunma, a Nigerian national, was most recently the Director-General of the Securities and Exchange Commission of Nigeria. Appointed to a five-year term by the President of Nigeria in 2010, she led the transformation of the country’s capital markets industry into a major global presence.
She was a member of the Board of the International Organization of Securities Commissions (IOSCO) and the Chairperson of the Africa Middle East Regional Committee of IOSCO.
“Prior to joining the Securities and Exchange Commission (SEC) of Nigeria, Arunma was Group Vice President, Corporate Services, at the African Development Bank Group (AfDB).
In this role, she oversaw a number of departments, including human resources, information and communications technology, and institutional procurement.
From 2001 to 2006 she held the role of AfDB Group Treasurer, where she led AfDB’s fundraising and capital market activities across the world. Earlier roles at the AfDB, which she joined in 1992, included trading room management, investment portfolio coverage, and public sector lending. She also held other positions in capital markets and lending during the course of her career at the AfDB. Arunma began her career in 1985 at Centre Point, where she executed debt and equity offerings in the Nigerian capital markets. “She earned her Bachelor of Science in Computer Science from the University of Nigeria and her Masters of Business Administration from Harvard University. “As VP and Treasurer, Arunma will manage and lead a large and diverse team responsible for managing more than $150 billion in assets. Her top priorities will be to: (i) maintain the World Bank’s global reputation as a prudent and innovative borrower, investor and risk manager; (ii) manage an extensive client advisory, transaction and asset management business for the Bank; (iii) engage, in her capacity as one of the World Bank’s key representatives, with outside stakeholders including global private sector financial institutions, the financial media and the sovereign debt and reserve managers in client countries, as well as ratings agencies; and (iv) collaborate extensively with the Finance Partners throughout the WBG, including with IFC and MIGA, expanding shared approaches, in particular around innovative financing for development and for key new projects.
“Ms. Oteh was selected to this position through an international competitive search. Her appointment is effective on September 28, 2015.”
Expressing joy on her appointment, Oteh wrote on Twitter: “A great time to join the World Bank given the innovative solutions it is deploying to end extreme poverty and ensure shared prosperity.
“Thanks for your kind messages for my appointment as VP and Treasurer World Bank. Such an honor, so grateful to President Kim and the Board of World Bank.”
- See more at: http://247nigerianewsupdate.co/breaking-arunma-oteh-joins-world-bank-as-vice-president/#sthash.6d3e2Ex8.dpuf

Breaking: Arunma Oteh joins World Bank as vice-president

Arunma Oteh, former director-general of the Security Exchange Commission (SEC), has joined the World Bank as vice-president and treasurer.Aruma Oteh
Her appointment was confirmed by the president of the World Bank, Jim Yong Kim, in a press statement. “I am pleased to announce the appointment of Arunma Oteh as VP and Treasurer of the World Bank,” he said.
“Arunma, a Nigerian national, was most recently the Director-General of the Securities and Exchange Commission of Nigeria. Appointed to a five-year term by the President of Nigeria in 2010, she led the transformation of the country’s capital markets industry into a major global presence.
She was a member of the Board of the International Organization of Securities Commissions (IOSCO) and the Chairperson of the Africa Middle East Regional Committee of IOSCO.
“Prior to joining the Securities and Exchange Commission (SEC) of Nigeria, Arunma was Group Vice President, Corporate Services, at the African Development Bank Group (AfDB).
In this role, she oversaw a number of departments, including human resources, information and communications technology, and institutional procurement.
From 2001 to 2006 she held the role of AfDB Group Treasurer, where she led AfDB’s fundraising and capital market activities across the world. Earlier roles at the AfDB, which she joined in 1992, included trading room management, investment portfolio coverage, and public sector lending. She also held other positions in capital markets and lending during the course of her career at the AfDB. Arunma began her career in 1985 at Centre Point, where she executed debt and equity offerings in the Nigerian capital markets. “She earned her Bachelor of Science in Computer Science from the University of Nigeria and her Masters of Business Administration from Harvard University. “As VP and Treasurer, Arunma will manage and lead a large and diverse team responsible for managing more than $150 billion in assets. Her top priorities will be to: (i) maintain the World Bank’s global reputation as a prudent and innovative borrower, investor and risk manager; (ii) manage an extensive client advisory, transaction and asset management business for the Bank; (iii) engage, in her capacity as one of the World Bank’s key representatives, with outside stakeholders including global private sector financial institutions, the financial media and the sovereign debt and reserve managers in client countries, as well as ratings agencies; and (iv) collaborate extensively with the Finance Partners throughout the WBG, including with IFC and MIGA, expanding shared approaches, in particular around innovative financing for development and for key new projects.
“Ms. Oteh was selected to this position through an international competitive search. Her appointment is effective on September 28, 2015.”
Expressing joy on her appointment, Oteh wrote on Twitter: “A great time to join the World Bank given the innovative solutions it is deploying to end extreme poverty and ensure shared prosperity.
“Thanks for your kind messages for my appointment as VP and Treasurer World Bank. Such an honor, so grateful to President Kim and the Board of World Bank.”
- See more at: http://247nigerianewsupdate.co/breaking-arunma-oteh-joins-world-bank-as-vice-president/#sthash.6d3e2Ex8.dpuf

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