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DBN Names New Executive Director, Non-Executive Director


By Ndubuisi Francis
The nation’s wholesale development finance institution, Development Bank of Nigeria (DBN), has announced the appointment of Mrs. Ijeoma Ozulumba and Mr. Kyari Abba Kyari as Executive Director and Independent Non-Executive Director respectively, on the board of the bank.
The Chairman of the Board of Directors, Dr. Shehu Yahaya, who made the disclosure, noted that the appointment of Ozulumba and Kyari would further strengthen DBN’s vision to provide adequate and sustainable financing to micro, small, and medium enterprises (MSMEs) across the country.
In a statement issued by the bank, the board chairman maintained that the organisation would continually uphold the highest standards of corporate governance, which have kept the bank on a steady trajectory of progress. ....

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Does Privatisation Serve the Public Interest?, By Eric Teniola


Does Privatisation Serve the Public Interest?, By Eric Teniola
The privatisation programme was just an opportunity by government to allow very few individuals to buy our common wealth at give away prices.
Some of these companies privatised were established through loans procured by the central government on behalf of the people of Nigeria, and it is the people of Nigeria who will have to repay the loans. Of what benefit has this privatisation programme been to the people of Nigeria and what impact?
Between 1988 and 1993, Alhaji Hamzat Rafindandi Zayyad (1937-2002) dominated the headlines in this country. He was in the news not because he was the first chartered accountant from the old northern Nigeria. He became an accountant in 1963. He was in the news not because he was a mentor and godfather to many public officers, especially from northern states, including the current governor of Kaduna State, Mallam Nasir El-Rufai, a surveyor, who has been elected twice now. ....

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