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GTBank Sponsors 2020 Lagos International Polo Tournament

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From February 4th to 16th, 2020, Lagos will play host to some of the most prestigious teams for Africa’s premier polo competition – the 2020 Lagos International Polo Tournament.

Sponsored by leading African Financial Institution, Guaranty Trust Bank plc, the competition will feature 39 teams; the highest number till date. The teams will compete in four major cups; the Silver Cup, Open Cup, Low Cup, and Majekodunmi Cup. The finals of the Silver Cup and Open Cup will hold on Sunday 9th February 2020, while the finals of the Low Cup and Majekodunmi Cup hold on Sunday 16th February 2020.

This year, the Lagos International Polo Tournament, themed “Lagos Develops Polo”, aims to encourage the participation of young and indigenous talented players while featuring top class action from some of the most experienced and acclaimed polo players in and out of the country, including South Africa’s Chris Mackenzie +7, Argentina’s Andres Crespo +5, Raul Laplacette +7 and Santiago de Estrada +6, as well as Nigeria’s Neku Atawodi-Edun +5, the first black female polo player and the highest-handicapped female player at the tournament.

Over the years, GTBank has been at the forefront of supporting Polo; widely revered as the Sport of Kings, and promoting the Lagos International Polo Tournament, which has hosted reputable personalities such as His Royal Highness the Prince of Wales. Played on the grounds of the Lagos Polo Club, Ikoyi, the premier polo club in the country, the tournament has featured polo greats like Alphonso Pieres, Gonzalo Pieres and Alan Kent.

Commenting on GTBank’s sponsorship of the 2020 Lagos International Polo Tournament, Segun Agbaje, Managing Director of Guaranty Trust Bank plc, said; “We love the game of polo, not only because it is one of the most anticipated events in the social calendar of the country, but also because its values such as discipline, rigour and fair play strongly resonates with our brand.

He further stated that; “Our sponsorship of the 2020 NPA Lagos International Polo Tournament also reflects our strong belief in the role of sports as a major vehicle of social development and our commitment to championing activities and events that bring people together.”

Guaranty Trust Bank is a leading advocate of Sports Education as a major way of promoting the values of excellence and fair play whilst laying a solid foundation for the emergence of sporting talent. The Bank maintains a defined Corporate Social Responsibility (CSR) strategy focused on championing causes and fostering initiatives that transform lives and uplift communities. Alongside the GTBank Lagos International Polo Tournament, the Bank organizes and sponsors several other sports competitions, one of which is the GTBank Masters Cup; a football competition amongst secondary schools in Lagos State.

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BBC To Cut 500 Jobs As It Attempts To Save £200m For ‘Transformation’ Of The Corporation

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The BBC has announced plans to cut 500 jobs as it attempts to save £200 million to drive the “transformation” of the corporation.

Chief operating adviser, Leigh Tavaziva said it is making the changes to improve its premium video offering and digital capabilities.

It comes as the BBC is already attempting to save £500 million as part of a plan announced two years ago.

Tavaziva said “significant activity” is already underway to make the corporation “more flexible”.

She said: “In March this year we announced a requirement for an additional £200 million of savings and reinvestment plans to drive the continued transformation of the BBC.

“This will support greater investment into premium video content and further develop our digital capabilities.”

She added: “To further build our digital capabilities, whilst targeting efficiencies, over the next two years we will continue to close and transfer roles in some areas and create new roles in growth areas.

“This will result in a forecast net reduction of 500 roles in the public service by March 26, with further growth in targeted areas planned in our commercial group.

“To support these changes we will today be launching a new voluntary redundancy scheme for staff.

“Our priority remains to protect and champion the BBC’s fighting role as the UK’s public service broadcaster, for all our audiences both local and global.

“I would like to thank all colleagues for their continued efforts and commitments over the past 12 months.

“I am immensely proud of the exceptional content creativity, delivery, and innovation that our teams both provide and support every day.”

The BBC announced in March 2023 that it was to cut 1,000 hours of TV in order to save money, with half of that coming from sport.

In the same year, the corporation announced it was scrapping its in-house chamber choir, the BBC Singers, and reducing salaried orchestral posts across the BBC English Orchestras by around 20%.

In December 2022 it said that it was making £11m worth of cuts in local radio, which saw its 39 stations required to share content and broadcast less localised content.

Back in 2016, the BBC said it needed to cut £800m worth of costs, with £80m of that coming from news.

The move saw the Andrew Neil Show axed in 2020, along with 450 jobs in English regional TV news and current affairs, local radio and online news.

 

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I Have No Blending Plant Outside Nigeria, NNPC Boss Kyari Replies Dangote

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The Group Chief Executive Officer, Nigerian National Petroleum Company Limited, Mele Kyari has said he does not own a blending plant outside Nigeria.

Kyari stated this on Tuesday, July 23, while reacting to claims that some officials of the NNPC have blending plants in Malta.

Reacting in a post on his X handle (formerly Twitter), Kyari said he had been inundated with calls from family members and friends, asking if he truly owns a blending plant in Malta.

Kyari stated that he does not own or operate any business directly or by proxy anywhere in the world except a local mini-agricultural venture.

He also said he is not aware of any employee of the NNPC that owns or operates a blending plant in Malta or anywhere else in the world.

“I am inundated by enquiries from family members, friends and associates on the public declaration by the President of Dangote Group that some NNPC workers have established a blending plant in Malta thereby impeding procurements from local production of Petroleum products.

“To clarify the allegations regarding the blending plant, I do not own or operate any business directly or by proxy anywhere in the world with the exception of a local mini Agric venture, neither am I aware of any employee of the NNPC, that owns or operates a blending plant in Malta or anywhere else in the world.

“A blending plant in Malta or any part of the world has no influence over NNPC’s business operations and strategic actions.”

The NNPC boss threatened to sanction any official of the NNPC involved in such acts if they truly exist.

 

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Just In: Shelve Planned Protest -Tinubu Begs Nigerians

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President Bola Tinubu has appealed to Nigerians to shelve planned protests against bad governance in the country, slated for next month.

The appeal was made known by Information Minister Mohammed Idris, who briefed State House correspondents after a meeting with the President on Tuesday.

Idris said Tinubu urged the organisers of the protest to shelve the plan and await the President’s response to their complaints.

“The issue of the planned protest, Mr President does not see any need for that. He’s asked them to shelve that plan. He’s asked them to await the government’s response to all their pleas,” the minister said.

The protest against economic hardship, which is gaining traction on social media, has been scheduled to hold across all states of the Federation as well as the Federal Capital Territory (FCT), Abuja, starting from August 1.

JomogNews reports that the prices of food and basic commodities have gone through the roof in the last months.

Many Nigerians currently are battling one of the country’s worst inflation and economic crisis sparked by the government’s twin policies of petrol subsidy removal and unification of forex windows.

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