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Parallex Bank Launches Uyo Branch in Grand Style

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Parallex Bank Limited, a fast-rising commercial bank in Nigeria, has made a significant stride in its expansion efforts with the grand launch of its Uyo branch in Akwa Ibom State on Tuesday, marking a pivotal moment in the institution’s mission to provide limitless banking experience to Nigerians.

The colourful inauguration event had in attendance esteemed members of the Akwa Ibom State Executive Council, led by the Governor, Pastor Umo Eno, Deputy Governor Senator Akon Eyakenyi, and Speaker of the State House of Assembly, Hon. Udeme Otong, among others.

Chairman of the Board of Parallex Bank, Dr. Adeola Phillips, expressed the bank’s commitment to transforming the banking landscape in Nigeria through strategic partnerships and customer-centric initiatives. Highlighting the institution’s remarkable journey from microfinance to commercial banking, Dr. Phillips announced plans for further expansion, as three more branches will be launched soon. She commended the governor and the people of Akwa Ibom State for the warm welcome and assured the governor of the bank’s readiness to support the government’s ARISE agenda.

Dr. Olufemi Bakre, the Managing Director, shed light on Parallex Bank’s customer-centric approach and groundbreaking digital solutions, emphasizing the institution’s unwavering commitment to transparency and value enhancement. He highlighted the effortless account opening process facilitated by the Parallex Bank App and underscored the appealing benefits including free transfers and competitive interest rates tailored for retail customers.

The Managing Director expressed gratitude towards the state governor for his pivotal role in facilitating the establishment of a Parallex Bank branch in Uyo. He credited the governor for nurturing and endorsing the idea of Parallex Bank in Uyo, heralding it as the dawn of limitless banking experiences for the state and its populace. He declared that Uyo natives and residents now have the liberty to initiate bank account setups with their preferred numbers, avail themselves of 150 free transfers to other accounts monthly, and engage in banking activities devoid of unwarranted charges.

Bakre stressed Parallex Bank’s profound dedication to customer satisfaction, professionalism, and innovation, underpinned by collaborative efforts and strategic partnerships. He explained the bank operates under the principles of speed, execution, executive touch, going the extra mile, digital innovation, and discipline. He emphasized customers should consistently encounter these qualities in their interactions with the bank.

He commended the Board of Directors of the bank for their unwavering support and dedication to the bank’s success, attributing the institution’s rapid growth and profitability to their leadership.

Akwa Ibom State Governor, Pastor Umo Eno, pledged the government’s support for Parallex Bank’s endeavours in the state, emphasising the importance of collaboration in driving economic empowerment and growth for small and medium enterprises. He reiterated the government’s commitment to creating an enabling environment for investment and business development in Akwa Ibom.

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Sallah Durbar: Cancellation spikes security scare as businesses suffered setback in Kano.

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Unquantifiable economic lose were recorded in Kano over the weekend following the sudden cancellation of the historical Salah Durbar festival.

Although, the Sallah celebration was conducted largely peaceful even after the ban on Durbar, but the security alert invoked by the police had scared visitors and potential investors.

The UNESCO certified global event left about 160 foreign tourists who had flew into Kano stranded after the sudden imposition of ban on the traditional heritage, Kano State History, Culture and Tourism Bureau, confirmed.

Kano Durbar, the largest convergence of horse rides globally dated back over 500 years, attracted international recognition thereby making the UNESCO representative list of intangible cultural heritage of humanity in December 2024.

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An entrepreneur, Ahmad Sarki Norma who lamented the economic lost in Kano at the weekend as a result of cancellation of Durbar worried over the overbearing influence and interest on Kano emirate.

According to Sarki Norma, besides the wreckage of profit on micro economic, the livelihood of local artisans who specialize on weaving, and fabrication of horse artifacts and horsemen costumes during Salah Durbar season have been crippled.

” I know that virtually all the costumes we wear during Durbar are 90% handmade. That means, the event usually stimulates huge business activities and opportunities for the local fabricators. So when you cancel the Durbar you are killing and sending them out of business.

” Secondly, when you look into sales of pure water on those five days it’s not an ordinary economy. People come from the villages with 5,000 naira to sell bottle water and beverages and make a lots of profits.

On traditional wears, Sarki Norma said ” a normal traditional toberida, costs at least N150,000, which is almost $80. And you’re expected to wear four of it to the right. And also the horse dress, you can get a horse dress of N4 million, you can get a horse dress of N30,000.

“I can calmly say I spend nothing less than Never2.5 million for these four rides on my own. But when you come to the horse, I have a $10 million horse, I have a $20,000 horse, which are specifically meant for just riding”.

Also speaking on the economic impact, Ahmad Abba Yusuf, Executive Secretary, History and Culture Bureau, Kano, said transport, tourism, and food industries recorded the highest lost in the wake of the Durbar cancellation.

Yusuf equally ascerted that several billions of naira have been lost in the tourism sector including the production and marketing of local materials for the horses and horsemen.

“We do have over 74 traditional title holders that come in a cluster, in groups. So each group contains a minimum of 20 horse riders. So if you can multiply that, if you can be able to deduce the amount of materials for the horses and horsemen, this will be the cost for the Darbar.

“And other local economy, those are the indirect costs attached to it. The people, small-scale traders selling foods, drinks, and other consumables during the Darbar festivities. And also the transport and hospitality accommodation for the tourists and other local royal guests during the Darbar”. Yusuf noted.

Sharing experiences during a media interaction Kano, a tourists in Kano on Thursday, a tourist Virgil Taylor who came from United States of America expressed deep disappointment that his hope to watch the historical durbar was dash.

Taylor who is visiting Kano and Nigeria for the first time to relish the beautiful African culture, worried that after a whole year preparation for the long trip to Africa, he only got to know about the cancellation after arriving Kano.

Taylor, though believed every disappointment is for a purpose, he was delighted to have catched the glimpse of the Emir Muhammadu Sanusi II in a large population during Sallah Day, which he said remain a memorable historical opportunity for him.

“I started planning for this trip over a year ago when I was in Ghana and so I kept doing my research and I understood that there were Durbar that occurred else where throughout Nigeria, but in particular Kano.

“So I started making my preparations and I actually flew in last Friday, I think that was the 27th of March or 28th. I arrived. And until then I learned that the Durbar is not happening again. I had no idea that it had been cancelled before then.

“So yeah, I was disappointed, but I was assured that it would still be a good trip for me and it has been, it’s been extraordinary. The people of Kano have been just very wonderful”. Taylor said.

Another Tourist, a UK based, Lekan Yushau Okanlawon who also flew from London for the Durbar regretted how the cancellation crippled his plans to register the festival on the Guniess book of record for a largest horse proccession in the world besides the UNESCO’s recognition.

Also narrating disappointment, Okanlawon narrated how he had invited friends who are polo players in the UK to join the Durbar procession essentially to witness for the first time, a convergence of over 5,000 horses riding behind a single person.

“So when on the 6th of December, 2024 that UNESCO certified the Kano Durbar and incorporated it into their global heritage program, many of us were happy and we have something internationally recognized to show to our friends abroad.

” So I started discussion with a couple of my friends who have polo teams in the UK. By the way, I came in on the 23rd into Lagos and I flew into Kano on the 24th. I didn’t get to know the Durbar was cancelled until I got there. So I had to quickly send an SOS message to my friends. They don’t have to come again.

“Many of them wanted to come because the only horse riding experience many of them had prior to now has been riding horse for a bit of leisure and more polo. So they have never ride a horse in a long procession.

“So my target with a couple of other friends in Kano and outside Kano that were working together is to ensure that in the next one year we put Kano Durbar procession on the Guinness World Record because Kano has the largest gathering of horse gathering in the world”. Okanlawon added.

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Tinubu’s Political Adviser, Hakeem Baba-Ahmed Resigns

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Dr Hakeem Baba-Ahmed, the political adviser to President Bola Ahmed Tinubu, has resigned, it was reliably learnt.

Impeccable sources in the presidency confirmed yesterday that the former spokesman of the Northern Elders Forum (NEF) tendered his resignation about two weeks ago.

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The sources said Dr. Baba-Ahmed did not provide details of the reasons for his decision, only stating that it was on personal grounds. However, as of the time of filing this report, it was unclear whether the presidency had accepted his resignation.

Baba-Ahmed was appointed Special Adviser on Political Matters in the Office of Vice President Kashim Shettima in September 2023.

 

Daily Trust

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Islamic Scholar Dr Abdul Aziz Dutsen Tanshi Is Dead

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A prominent Islamic cleric, Imam Dr. Idris Abdul’aziz Dutsen Tanshi, has passed away.

Sheikh Muhammad Kabir Haruna confirmed his death on his verified Facebook account late on Thursday night.

Late Imam Dutsen Tanshi was a leading Islamic scholar in Africa, widely recognized for his contributions to disseminating Islamic teachings across the continent.

In addition to his scholarly work, Imam Idris was also a businessman and farmer.

He had been contending with ill health for some time, and recently traveled abroad for medical treatment during the last Ramadan.

His funeral will be held at 10:00 a.m. on Friday at the Eid Mosque in Games Village, Bauchi state.

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