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By Etim Etim
(AFRICAN EXAMINER) – The banking industry will make a huge donation of cash, vehicles and equipment to the Nigerian Army, Police and other law enforcement agencies in the next few weeks to support the federal government’s fight against insecurity, Herbert Wigwe, Access Bank’s Group Managing Director & chief executive announced to shareholders at its 32nd AGM in Lagos over the weekend. Going by its track records in Corporate Social Responsibility and philanthropy, Access Bank will provide a good chunk of the contribution.
This would be a major private sector intervention to stem the tide of insecurity in the country. “We are very concerned about the safety and security of Nigerians. We want our people to be safe. Access Bank will partner with our colleagues in the industry to support the federal government in this regard’’, said Mr Wigwe in his answer to the various comments and questions raised by the shareholders. Last year alone, the bank invested N10.25
Goddy Egene
Shareholders of Custodian Investment Plc yesterday gave their approval to the board of directors of the company to raise the naira equivalent of up to $15 million as additional capital through a convertible loan instrument.
The shareholders, who gave the approval at t the 26th annual general meeting (AGM) of the group held in Lagos, also authorised the directors to convert the loan into shares in the company at a conversion price higher than N6.00 per share or the 12-month historical daily share price of the company derived from the Daily Official List of the Nigeria Exchange Limited (NGX)for the period ended March 23, 2021.