FRIDAY JANUARY 13, 2017 • T H I S D AY
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Buhari Approves New Management for River Basin Development Authorities Tobi SoniyiinAbuja President Muhammadu Buhari has approved the reconstitution of the Executive Management of River Basin Development Authorities under the Federal Ministry of Water Resources. A statement by the Senior Special Assistant to the President on Media and Publicity, Mr Garba Shehu said the the appointments were with immediate effect. The Anambra-Imo River Basis Development Authority: Rev. Michael Nwabufo, Managing Director, Michael C. Nwachukwu, Executive Director, Dr. Nweze B. Obasi, Executive Director, Agricultural Services, Benjamin Aneke, Executive Director, Planning and Design. Mrs. Ngozi C. Uche, Executive Director, Finance and Administration Benin-Owena River Basin Development Authority: Saliu O. Ahmed, Managing Director, Modupe V. Olalemi – Executive Director, Engineering, Agbetuyi O. Bamidele, Executive Director, Agricultural Services, Olumese E. Charles -- Executive Director, Planning and Design, Akinya Folorunsho Samson, Executive Director, Finance and Administration. Chad Basin Development Authority: Abba Garba, Managing Director Babagana Uroma, Executive Director, Engineering,
Dr. Abdu K. Tashikalma, Executive Director, Agricultural Services, Modu Surum, Executive Director, Planning and Design, Falmata Maina Dalatu (Mrs.), Executive Director, Finance and Administration Cross River Basin Development Authority: Bassey E. Nkposong -- Managing Director, Esin Winston Mosembe -- Executive Director, Engineering, Dr. U.A. Essien, Executive Director, Agricultural Services, Mr. I.I. Udoh, Executive Director, Planning and Design, Mrs. Okpata Egbe, Executive Director, Administration and Finance Hadeja-Jama’re River Basin Development Authority: Dr. Ado Khalid Abdullahi, Managing Director, Abubakar Mohammed, Executive Director, Engineering Ma’amun Da’u Aliyu, Executive Director, Agricultural Services, Umar Kura, Executive Director, Planning and Design, Mohammed Awwal Wada, Executive Director, Finance and Administration. Lower Benue River Basin Development Authority: Mahmoud O. Adra, Managing Director, Mathias U. Udoyi, Executive Director, Engineering, Samuel J. Ochai, E.D. Agricultural Services, Emmanuel Yepwi, Executive Director, Planning and Design, Richard N. Ndidi, Executive Director, Finance and Administration. Lower Niger River Basin
Development Authority: Dr. Adeniyi Saheed Aremu, Managing Director, Abdulkarim Mohammed Bello, Executive Director, Engineering, Tajuddeen A. Affinih, Executive Director, Agricultural Services, Olawale Victor, Executive Director, Planning and Design. Abu Atsumbe Abdullahi, Executive Director, Finance and Administration Niger Delta River Basin Development Authority: Tonye David-West, Managing Director, Okwonu Benson, Executive Director, Engineering, Ikuromo E. Joshua, Executive Director, Agricultural Services
Dr. Austen A.T. Pabor, Executive Director, Planning and Design, Mr. Isaac Akpoede Otuorimo, Executive Director, Finance and Administration.Ogun-Oshun River Basis Development Authority: Olufemi Olayemi Odumosu, Managing Director, Iyiola Rufus A. -- Executive Director, Engineering, Bolanle A. Olaniyan, Executive Director, Agricultural Services, Adesanya Mutiu Omoniyi -- Executive Director, Planning and Design, Olayiwola A. Baruwa, Executive Director, Finance and Administration. Sokoto Rima River Basin
Development Authroity: Buhari Bature Mohammed, Managing Director, Jafar A. Sadeeq, Executive Director, Engineering, Sanusi Mai-Afu, Executive Director, Agricultural Services, Murtala Dalhatu, Executive Director, Planning and Design, Faruk Madugu Gwandu, Executive Director, Finance and Administration Upper Benue River Basis Development Authority: Abubakar Muazu, Managing Director, Mukhtar Umar Isa, Executive Director, Engineering, Dr. Abdulhameed Girei -- Executive
Director, Agricultural Services, Yusuf Daniel Ajemasu – Executive Director, Planning and Design, Mr. Haruna N. Musa, Executive Director, Finance and Administration. Upper Niger River Basis Development Basin Authority: Prof. Abdulkarim M. Ali, Managing Director David Emmanuel, Executive Director, Engineering Dr. Abdu Aminu Omar, Executive Director, Agricultural Services, John Bature Gimba, Executive Director, Planning and Design Alhassan Bawa Ugbada, Executive Director, Finance and Administration.
Jaiz Takaful Unveils Profit-sharing Insurance Concept in Nigeria Jaiz Takaful has rolled out first-of-itskind insurance products intended to share profits with participants/ clients. Takaful is an Islamic insurance concept based on the Islamic principle of Taawun known as mutual benefits. Takaful subscribers have a bond among themselves as participants who agree to jointly indemnify the loss or damage that may come upon any of them out of the funds or contribution pool. Most importantly, at the end of a business year, any profit made under Takaful will be proportionately
shared among its participants and shareholders in relation to the scale of their investment. The contract of Takaful as a business venture is based on the Islamic profit-sharing of Al-Mudarabah principle. Subscribers of Takaful shall be entitled to share profits on contributions paid in consideration for their participation in Takaful products, to be provided by Jaiz Takaful Insurance Plc subject to declaration of profit at the end of the financial year. Takaful operations will in no
doubt change the dynamics in the Insurance industry where individuals who were hitherto very skeptical about the conventional insurance now have Takaful as an alternative, in addition to a speedy settlement of claims as well asdistribution of profit to participant at the end of the year. The MD/CEO of Jaiz Takaful Insurance, Momodu Musa Joof, said their products are inspired by the need for customers to benefit from the contributions they pay as policyholders. He added that the concept is
very transparent and practical. Takaful has come to address all the objectionable about conventional insurance (Riba, Interest, Maysir). Jaiz Takaful Insurance is a public limited liability company registered with Corporate Affairs Commission (CAC) and regulated by National Insurance Commission (NAICOM). It is among the first full-fledged Takaful insurance providers in Nigeria which are shariah compliant and it is now open for business to Muslims and non-Muslims across Nigeria and beyond.