…As Finance Commissioner Bags Islamic lifetime achievement award
A renowned Islamic cleric, Sheikh Muyideen Ajani Bello on Sunday urged Governor Adegboyega Oyetola of Osun to continue to put all his desires and political aspiration before God, saying his good works would speak for him in 2022.
Sheikh Bello who applauded Governor Oyetola for prioritising the welfare and well-being of people of the State, solicited unflinching support of the citizens for the present administration.
He spoke at a Islamic Life Time Award/Turbaning, Quranic Memorisation Prize Giving Ceremony and launch of an Islamic Hospital, organised by United Imams and Khateeb, Irewole Local Government, Ikire, where the State Commissioner for Finance, Mr. Munirudeen Bola Oyebamiji bagged Islamic life-time award.
The Islamic cleric said he could observe that majority of people of the State are rooting for the re-election of Governor Oyetola, saying this is a reflection of his good works and purposeful leadership.
“Continue what you are doing, your great works will speak for your re-election. We are aware of what you are doing. Just continue to believe in God, He is your strength, He will not forsake you.
“My advice for you is to be wary of enemies within. God will will make you to succeed, you will conquer them and come out victorious.
“For those that are working with you, they must remain loyal. They must support you wholeheartedly particularly on your second term ambition. God will answer your prayers. You will triumph over all those plotting against your ambition,” Sheikh Ajani Bello said.
In his remarks, Governor Oyetola restated his Administration’s commitment to continue to put smile on the faces of the people through his people-oriented policies and programmes.
He said the Administration would not hesitate in its resolve to consolidate on the achievements recorded so far as it enters the fourth year.
Oyetola who lauded his Finance Commissioner, Bola Oyebamiji for following his footsteps to impact in the lives of the people, pledged that his Administration would continue to support his vision.
He said, “I am not surprised that you are doing great. I chose you as our Finance Commissioner because you’re religious, trustworthy, resilient, committed and loyal. What you are doing is not by accident. I commend your effort in building a mosque and pray Allah reward you accordingly.
“I am imploring our people to emulate this gesture. This is the way to go. We must cultivate good habit and good character and good deeds. We must do everything human possible to support humanity.
“We will support the foundation. We want you to continue to support us. We are doing great because of your consistent prayers. We will continue to fulfill our promises. We thank God that we are doing all we promised and we are very confident that we shall fulfil them all.
“Let’s continue to ensure peace and maintain the relative peaceful atmosphere around the State. It is time for us to be more security conscious ever than before. It is time for us to cultivate skills acquisition, vocational and technical skills. This is the way to go.
“We shall continue to pay premium attention to our health sector. We will continue to support our people towards the provision of quality and functional healthcare delivery just as we are determined to improve on road infrastructure.”
In his vote of thanks, the awardee and Commissioner for Finance, Mr. Munirudeen Bola Oyebamiji, expressed gratitude to Governor Oyetola for being the pillar of support to him since their path crossed.
He reiterated his commitment to continue to do his best for humanity, just as he said the governor’s prompt support contributed to the success of the event.
Unilever agrees to sell its tea business to CVC Capital Partners for €4.5bn
Unilever Plc, the owner of Lipton and PG Tips, has agreed to sell its global tea business, ekaterra, to CVC Capital Partners for €4.5 billion on a cash-free, debt-free basis.
This is according to a press release from Unilever titled, “Unilever to sell its Tea business, ekaterra, to CVC Capital Partners Fund VIII for €4.5 bn,” and published on its website.
Unilever Nigeria confirmed its intent to spin off its tea business into a separate legal entity. A move that could potentially affect its top-line revenue. Hence this move is in line with its previously outline strategy.
CEO of Unilever, Alan Jope said, “The evolution of our portfolio into higher-growth spaces is an important part of our growth strategy for Unilever. Our decision to sell ekaterra demonstrates further progress in delivering against our plans.
“We are proud of the place that our Tea business has in our company’s history. We look forward to seeing ekaterra, with its strong brands and global footprint, prosper under CVC’s ownership. I would like to thank our Tea colleagues around the world for their passion and commitment to our Tea business and wish them well for the future.”
The Managing Partner at CVC Capital Partners, Pev Hooper said: “ekaterra is a great business, built on strong foundations of leading brands and a purpose-driven approach to its products, people and communities. ekaterra is well positioned in an attractive market to accelerate its future growth, and to lead the category’s sustainable development. We look forward to working with the team to realise ekaterra’s full potential.”
The Chief Executive Officer (CEO) of ekaterra, John Davison said, “ekaterra is a strong business with positive momentum and has an exciting future ahead under the new ownership of CVC. We look forward to the next stage of our journey as the world’s leading Tea business.”
Completion of the transaction is subject to completion of works council consultation processes and the receipt of certain regulatory approvals. Completion is expected in the second half of 2022. The transaction perimeter excludes Unilever’s Tea business in India, Nepal and Indonesia as well as Unilever’s interests in the Pepsi Lipton ready-to-drink Tea joint ventures and associated distribution businesses.
In recent years, demand for tea has been stifled by a trend to delicious herbal alternatives and fancy coffee. In January 2020, the firm announced that it would begin a strategic evaluation of its tea business, which could result in a partial or complete sale.
Later, it decided to reduce the scope of the tea sale while keeping its activities in growing areas. Unilever’s tea units in India and Indonesia, as well as its partnerships in the ready-to-drink tea industry, such as its interest in a joint venture with PepsiCo Inc, are not included in the transaction.