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Obituaries

World Bank Group announces the death of ex-president, James D. Wolfensohn at 86

The death of former World Bank president, James D. Wolfensohn has been announced.

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World Bank Group announces the death of ex-president James D. Wolfensohn at 86

The World Bank Group has announced the passing away of one of its former presidents, James D. Wolfensohn, at the age of 86.

This was confirmed on Wednesday by the current President of the World Bank Group, David Malpass, following his statement on the unfortunate incident.

What they are saying

Commenting on the tragic event, Mr. Malpass, in his press statement, said:

On behalf of the entire World Bank Group, I would like to express our sadness and great sense of loss on the passing of former Bank Group President, Jim Wolfensohn.

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“Under Jim’s Presidency, which ran from June 1, 1995 to May 31, 2005, the World Bank Group sharpened its focus on poverty reduction and redoubled its efforts to combat corruption, gave voice to the poor, and magnified the impact of development investments.

“Bank staff had great admiration and respect for Jim and his wife Elaine who passed away in August of this year. In his 10 years as President, Jim traveled to more than 120 countries, often accompanied by Elaine, to better understand the challenges facing the Bank’s member countries. In addition to visiting development projects, Jim met clients and representatives from business, labor, media, non-governmental organizations, religious and women’s groups, students, and teachers. Internally, Jim transformed the World Bank Group, increasing decentralization, advancing the Bank technologically, and making the organization more open and transparent.

“In 1996, the World Bank and IMF launched the Heavily Indebted Poor Countries Initiative, the first comprehensive debt reduction program. As of August 2004, 27 of the world’s poorest countries were receiving substantial debt relief under the program that amounted, over time, to more than $53 billion. Jim introduced the Comprehensive Development Framework in 1999, which emphasized country ownership of poverty reduction strategies and strong partnerships among government, civil society, and the private sector. In 2012, to recognize the profound impact Jim had on the lives of the poor, the center of our headquarters building was dedicated as James .D. Wolfensohn Atrium.

“Before joining the Bank, Jim established his career as an international investment banker with a parallel involvement in development issues and the global economy.

“We extend our deepest sympathy to Jim and Elaine’s children, Sara, Naomi, and Adam,” the statement concluded.

Chidi Emenike is a graduate of economics, a Young African Leadership Initiative Fellow and an Investment Foundations certificate holder. He worked as a graduate Teaching Assistant in the Federal College of Education Kano and is also a trained National Peer Group Educator on Financial Inclusion

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Obituaries

Veteran talk-show host, Larry King dies at 87

Legendary longtime CNN talk show host, Larry King is dead.

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Larry King, the multiple award-winning TV and radio host has died at the age of 87.

King who had a long-running show on CNN, Larry King Live was a household name for his many interviews with political leaders, celebrities and newsmakers.

King’s death was announced on his official Twitter handle stating that he passed on Saturday morning at Cedars-Sinai Medical Center in Los Angeles, California, USA.

The statement read in part:

“With profound sadness, Ora Media announces the death of our co-founder, host and friend Larry King, who passed away this morning at age 87 at Cedars-Sinai Medical Center in Los Angeles.

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“For 63 years and across the platforms of radio, television and digital media, Larry’s many thousands of interviews, awards, and global acclaim stand as a testament to his unique and lasting talent as a broadcaster.”

The statement did not however, reveal the cause of death, but sources say King was hospitalised for COVID-19 in early January.

Since the news broke, friends, colleagues and admirers have taken to different social networks to express their sadness and condole with the family of the celebrated broadcaster.

What you should know about Larry King

  • King rose to fame in the 1970s with his radio programme The Larry King Show, on the commercial network Mutual Broadcasting System.
  • He hosted the Larry King Live on CNN for 25 years, between 1985 and 2010, carrying out more than 30,000 interviews, including every sitting president from Gerald Ford to Barack Obama.
  • King also wrote a column for the USA Today newspaper for over 20 years.
  • After leaving CNN, King hosted another programme, Larry King Now, broadcast on Hulu and RT, Russia’s state-controlled international broadcaster.

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Obituaries

Update: Former Military Administrator of Lagos, Rear Admiral Ndubuisi Kanu is dead

A former Military Administrator of Lagos, Rear Admiral Ndubuisi Kanu has passed on.

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A former Military Administrator of Lagos and Imo states and a Chieftain of the National Democratic Coalition, Rear Admiral Ndubuisi Kanu (Rtd), is reportedly dead.

The 78-year-old retired Naval Officer and businessman was said to have died in a hospital on Wednesday morning after a brief illness.

According to reports, the sad development was confirmed by a source who worked closely with him at his Victoria Island Lagos office, used as a meeting point for Ndigbo in Lagos.

Kanu was highly respected and revered for his kindness as well as the development he attracted to his community, Ugwunta in Isuikwuato Local Government Area of Abia State.

What you should know

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Retired Real Admiral Ndubuisi Kanu was a highly respected member of NADECO, the pro-democracy group, which fought for the revalidation of the June 12, 1993, presidential election which was believed to have been won by the late Moshood Abiola.

He was also among the eminent Nigerians, who signed an ultimatum calling on General Sani Abacha regime to revalidate Abiola’s mandate and hand over power which brought about one of the most vicious crackdowns by a regime in peacetime Nigeria.

The late Kanu was the chairman of NADECO’s Action Committee, which organised and participated in protest marches and public sensitisation activities.

During his distinguished military career, he was appointed by late General Murtala Mohammed in 1975 into the Supreme Military Council (SMC), the highest decision making organ of the then military government. He also served as military governor of old Imo State and later as military governor of Lagos State

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Obituaries

Zenith Bank Plc announces death of its Director, Professor Oyewusi Ibidapo-Obe

Zenith Bank Plc has expressed its condolence to the family of the late professor Ibidapo-Obe.

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Zenith Bank Plc announces death of its Director, Professor Oyewusi Ibidapo-Obe

Zenith Bank Nigeria Plc has announced the demise of one of its Directors, Professor Oyewusi Ibidapo-Obe (OFR).

The disclosure is contained in a press release issued by the financial giant to the Nigerian Stock Exchange, seen by Nairametrics. The board and management of the bank expressed their condolence and prayed that God grants his family and friends the fortitude to bear the irreplaceable loss.

READ: Is Zenith Bank thriving on the strength of sound financial indices?

What you should know

  • According to the press release, the late professor was a distinguished scholar of Systems Engineering and a past Vice-Chancellor of the University of Lagos.
  • He joined the board of the bank on February 24, 2016 as an Independent Non-Executive Director and served in various committees of the board where he distinguished himself.
  • The Professor was born on 5 July 1949, and died 3 January 2021, aged 71 years.

READ: Zenith Bank posts PBT of N177.3 billion in 9M 2020

What they are saying

Commenting on the recent developments, excerpts of the press release by the bank reads:

Specta
  • “We write to notify the investing public of the demise of our esteemed Director, Professor Oyewusi Ibidapo-Obe OFR. On behalf of the Board and Management of the bank, we wish to express our sincere condolences to the family and pray for God to grant them the fortitude to bear the irreplaceable loss.’’

READ: Zenith Bank Nigeria Plc spends N12 billion in five years on CSR across Nigeria

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