Vanguard News
FRSC retrains Peace Mass Transit drivers
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Over 2,000 drivers of Peace Mass Transit Ltd. are currently undergoing the annual retraining and recertification program of the Federal Road Safety Corps, FSRC, in Enugu.
Statutorily, corporate commercial transport operators, with a fleet of three vehicles and above, are required to undertake the cost of and provide enabling environment for retraining and recertification of its drivers by the FRSC, as a mandatory condition for renewal of its operational license.
Peace Mass Transit is on record as having the best possible record on this score.
It regularly ensures drivers in its employ get these refresher courses on schedule, mostly handled by experienced FSRC operatives, at the beginning of every year, and intermittently within the year, by equally knowledgeable PMT safety and training officers.
Vanguard News
Peace Mass Driver wins FRSC best driver award
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Linus Okede, a driver with Peace MassTransit Ltd., has been named the best driver of the year 2020 by the Federal Road Safety Corps, Ngor-Okpala, in Imo State.
An award is a yearly event organised by the Ngor-Okpala Unit of the corps to appreciate transport workers, particularly drivers who have proven to be exceptional in their line of duty.
Assistant Corp Commander, in charge of the unit, A . I. Fagbemide, Commander, who presented the award, hailed the management of Peace Mass for their consistency in training and retraining their drivers.
C & I Leasing: Peace Mass Transit deal will open up path to more equity for growth
January 09
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Andrew Otike-Odibi, the company’s chief executive officer, told journalists on Wednesday that the impact of the acquisition would be positive for all the company’s stakeholders.
C&I Leasing had, on Tuesday, notified the Nigerian Stock Exchange and the investing public of
the purchase of 313,326,316 units of the Neoma Africa Fund L.L.C unsecured variable coupon redeemable convertible loan stock in registered units of N4.75 each by Peace Mass Transit Ltd.
The loan stock, when fully converted, will result in the issuance of 987,500,000 ordinary shares of the company which will represent 55.82 per cent of the issued shares of the company.
Lagos, Jan. 6, 2021 C & I Leasing Plc on Wednesday expressed optimism that the emergence of Peace Mass Transit as the company’s majority shareholder would bring enhanced value creation for all its stakeholders.
Mr Andrew Otike-Odibi, the company’s Managing Director/Chief Executive Officer, gave the assurance at a virtual meeting on the loan stock acquisition by Peace Mass Transit Ltd.
Otike-Odibi said that the impact of the acquisition would be positive for all the company’s stakeholders.
C&I Leasing had on Tuesday notified the Nigerian Stock Exchange and the investing public of the purchase of 313,326,316 units of the Neoma Africa Fund L.L.C unsecured variable coupon redeemable convertible loan stock in registered units of N4.75 each by Peace Mass Transit Ltd.