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Former member representing Jos South/Jos East Federal Constituency, Hon. Dachung Musa Bagos, has received the All Progressives Congress (APC) Nomination and Declaration of Interest Forms from a coalition of supporters ahead of the race for the House of Representatives seat.
The forms were presented by the Bagos Support Group, a broad-based coalition comprising youths, women, and elders from across Jos South and Jos East Federal Constituencies, in a show of confidence in his leadership and political vision.
Presenting the forms, the leader of the group, Hon. Emmanuel Dung, popularly known as Gibok, said the purchase was made possible through contributions from loyal supporters and stakeholders who believe in Bagos’ capacity to deliver effective representation. He described the gesture as a clear demonstration of the people’s trust and endorsement of Bagos as their preferred candidate.
According to him, the overwhelming support reflects the grassroots’ desire to see the former lawmaker return to the National Assembly to continue his developmental strides and quality representation.
Responding, Hon. Bagos expressed deep appreciation for the support and sacrifices made by his supporters. He urged members of Team Bagos to remain peaceful, focused, and disciplined throughout the political process, warning against inflammatory statements or actions that could create unnecessary tensions.
He also called on his supporters to continue embracing the ideals of peace, unity, and inclusive development as championed by Plateau State Governor, Barr. Caleb Manasseh Mutfwang, while sustaining their support for the administration.
The event also featured the presentation of campaign materials by various support groups, further underscoring the growing momentum behind Bagos’ aspiration and the widespread grassroots backing for his candidacy.
BY NKECHI NAECHE-ESEZOBOR—Sovereign Trust Insurance Plc has completed the structuring phase of its planned N5 billion Rights Issue, marking a significant step in its recapitalisation programme in line with the Nigerian Insurance Industry Recapitalisation Act (NIIRA).
The company disclosed this at a signing ceremony involving all transaction parties held at its corporate head office in Victoria Island, Lagos. The event signalled the conclusion of all internal processes and professional engagements required for the Rights Issue.
With the structuring phase completed, shareholders of Sovereign Trust Insurance Plc will now have the opportunity to subscribe to 2,510,848,144 ordinary shares of 50 kobo each at N2.00 per share, on the basis of three new ordinary shares for every existing holding.
The management urged shareholders to take full advantage of the offer, noting that the Rights Issue presents an opportunity to increase their stake in the company and benefit from its projected growth.
According to the Managing Director/Chief Executive Officer, Lucas Durojaiye, the company has set an ambitious growth agenda aimed at positioning itself among the top five insurance firms in Nigeria.
He noted that a strong capital base remains critical to achieving this objective, adding that full participation in the Rights Issue would strengthen the company’s capacity for expansion and long-term value creation.
“In achieving this aspiration, we have identified that a very robust capital base is critical to the success of the set agenda. We therefore call on our shareholders to fully exercise their rights and subscribe to the Rights Issue,” he said.
Durojaiye added that Sovereign Trust Insurance Plc is positioning itself to become one of the most preferred insurance companies in Nigeria, both as a service provider, an investment choice, and an employer of choice.
The Rights Issue forms part of broader efforts by the insurance sector to strengthen capitalisation, enhance competitiveness, and align with regulatory reforms under NIIRA.
The post Sovereign Trust Insurance Advances Expansion Plans with N5bn Rights Issue Signing appeared first on Business Today NG.
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