ARM Holding Company Ltd Renovates Onikan General Hospital’s COVID-19 Outpatient Clinic, Donates Medical Equipment

As part of our commitment to supporting the communities in which we conduct business, ARM Holding Company Limited, on the 4th of December 2020, delivered to the Lagos State Government a renovated COVID-19 Outpatient Clinic section at the Onikan General Hospital, along with state-of-the-art medical equipment.

The donation is in support of the Lagos State Government’s effort against the COVID-19 pandemic.

Part of the medical equipment donated by ARM includes the Mirasol Pathogen Reduction Technology System, which is said to be the first of its kind in West Africa.

The Mirasol Pathogen Reduction Technology System for platelets and plasma uses riboflavin and UV light to introduce irreparable lesions into nucleic acids, thereby inhibiting pathogen and white blood cell replication and reducing the load of infectious pathogens.

Present at the official handing over and commissioning ceremony of the renovated health centre was the Lagos State Commissioner for Health, Prof Akin Abayomi, CEO and Deputy CEO of ARM Holding Company Limited,  Ms Jumoke Ogundare and Mr Sadiq Muhammed, MD ARM Academy, Ms Uche Azubuike, Medical Director of Onikan General Hospital, Dr Biyi Kufo, and other staff of the hospital.

Speaking at the handing over and commissioning event, Group CEO of ARM Holding Company Limited, Ms Jumoke Ogundare emphasised the need for corporate organisations like ARM to stand with the Government in fighting the COVID-10 Pandemic.

She said, “This is an important initiative for us, and we are all aware of the havoc COVID 19 pandemic has caused, not only in Nigeria, but in other parts of the world, and therefore, it’s time for organisations like ARM to step up and do the right time in taking care of its community. So we are particularly pleased that we have been able to do this.

We hope this will make a big difference in ensuring that COVID-19 is completely eradicated in our community. Hopefully, going forward, this facility will be used for other things as well.”

In his keynote address, the Lagos State Commissioner for Health, Professor Akin Abayomi, thanked ARM for its continuous contribution and support to the state. He said the Mirasol Pathogen Reduction Technology System donated by ARM has been on the top of the state’s Wishlist for a long time. He said the system is the first of its kind in West Africa.

He said, “This is a very valuable contribution in many ways, and the Lagos State Government on behalf of incident commander, Mr Babajide Sanwo-Olu, we are very grateful to the corporate social response of ARM in the Lagos state COVID-19 strategy. This will go a long way in ensuring Lagos State completely eradicate the COVID-19 pandemic and ensure that our communities are safe for all of us”.

3 Ways to Improve Mental Health in Retirement

3 Ways to Improve Mental Health in Retirement

Meet our friends  David and  Sade. Both of them have been retirees for one and six years, respectively


Sade, who has been retired for six years, wakes up at 6 am every day to go for a run and has been working hard at keeping healthy and happy. She has more time now for her children’s birthday parties and personal passions.


David, on the other hand, just retired but is filled with anxiety about the future. For the first time, he wakes up to face an empty to-do list, which bothers him. This is uncharted territory to him. “What if life becomes bland and the excitement isn’t there anymore,” he thinks.


If  Davids’s story sounds familiar, not to worry, here are a few tips to improve your mental well-being:


1. Focus on your physical health – Now that you have more time for your physical health, why not make the most of it? Your physical health is connected to your mental well-being. A few planned and consistent activities like exercising, eating healthier meals, and practicing balancing stretch help ensure that your physical health and, in effect, your mental well-being remain sound.



2. Don’t skip your doctor’s appointments – One thing that can affect mental well-being as you age is worrying about the state of your overall health. If you have any concerns about your physical health or you’ve noticed that something has changed in your body, talk to your doctor during your appointments rather than letting it sit on your mind. He/she will provide answers or assistance that will help eliminate any fears or manage any issues that exist.



3. Explore what gives you a purpose – Having a purpose is critical for mental well-being. It gives you a reason to get up in the morning and gives your days a touch of meaning. Just because you’re retired from regular work doesn’t mean you can’t have a new purpose in life.



Creative activities like painting, writing, drawing, singing, dancing, or building something can help spark a latent passion you didn’t have time to nurture while building your career. You can consider using the experience you have acquired over the years to mentor the younger generation or volunteer for a cause you hold dear; either way, when you find a purpose that lights your heart on fire, it will enhance your mental well-being.



Visit for more tips.

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Powers of attorney are voluntary delegations of authority by the principal to the agent. The principal has not given up his or her own power to do these same functions, but rather has granted legal authority to the agent to perform various tasks on the principal’s behalf.

A comprehensive power of attorney ensures someone you trust will be in charge of important decisions and tasks, from paying bills to monitoring health care, and is a crucial part of long term planning.

Having covered the explanation of what a durable power of attorney is, here are the top 10 benefits of having a comprehensive power of attorney.

Provides the ability to choose who will make decisions for you (rather than a court).

If someone has signed a power of attorney and later becomes incapacitated and unable to make decisions, the agent named can step into the shoes of the incapacitated person and make important financial decisions. Without a power of attorney, a guardianship or conservatorship may need to be established, and can be very expensive.

Avoids the necessity of a guardianship or conservatorship.

Someone who does not have a comprehensive power of attorney at the time they become incapacitated would have no alternative but to have someone else petition the court to appoint a guardian or conservator. The court will choose who is appointed to manage the financial and/or health affairs of the incapacitated person, and the court will continue to monitor the situation as long as the incapacitated person is alive. While not only a costly process, another detriment is the fact that the incapacitated person has no input in who will be appointed to serve.

Provides family members a good opportunity to discuss wishes and desires.

There is much thought and consideration that goes into the creation of a comprehensive power of attorney. One of the most important decisions is who will serve as the agent. When a parent or loved one makes the decision to sign a power of attorney, it is a good opportunity for the parent to discuss wishes and expectations with the family and, in particular, the person named as agent in the power of attorney.

The more comprehensive the power of attorney, the better.

As people age, their needs change and their power of attorney should reflect that. Seniors have concerns about long-term care, applying for government benefits to pay for care, as well as choosing the proper care providers. Without allowing the agent to perform these tasks and more, precious time and money may be wasted.

Prevents questions about principal’s intent.

Many of us have read about court battles over a person’s intent once that person has become incapacitated. A well-drafted power of attorney, along with other health care directives, can eliminate the need for family members to argue or disagree over a loved one’s wishes. Once written down, this document is excellent evidence of their intent and is difficult to dispute.

Prevents delays in asset protection planning.

A comprehensive power of attorney should include all of the powers required to do effective asset protection planning. If the power of attorney does not include a specific power, it can greatly dampen the agent’s ability to complete the planning and could result in thousands of dollars lost. While some powers of attorney seem long, it is necessary to include all of the powers necessary to carry out proper planning.

Protects the agent from claims of financial abuse.

Comprehensive powers of attorney often allow the agent to make substantial gifts to self or others in order to carry out asset protection planning objectives. Without the power of attorney authorizing this, the agent (often a family member) could be at risk for financial abuse allegations.

Allows agents to talk to other agencies.

An agent under a power of attorney is often in the position of trying to reconcile bank charges, make arrangements for health care, engage professionals for services to be provided to the principal, and much more. Without a comprehensive power of attorney giving authority to the agent, many companies will refuse to disclose any information or provide services to the incapacitated person. This can result in a great deal of frustration on the part of the family, as well as lost time and money.

Provides peace of mind for everyone involved.

Taking the time to sign a power of attorney lessens the burden on family members who would otherwise have to go to court to get authority for performing basic tasks, like writing a check or arranging for home health services. Knowing this has been taken care of in advance is of great comfort to families.

How to set up a Power of Attorney using ARM Trustees Incap Solutions

What is Incap Solutions?

Incap Solutions is a service which enables you to plan for the “in-between” situations whereby an individual is temporarily or permanently incapacitated and is unable to make personal medical decisions or financial decisions.

Incap Solutions employs the use of Medical and Financial Power of Attorney.

A power of attorney is an important estate planning tool through which a person (often known as the principal, grantor or donor) grants certain powers to another person known as the agent, donee or attorney-in-fact. While executing a power of attorney (otherwise known as the POA), the principal could determine the magnitude of power to be granted to the attorney-in-fact, by either authorizing the attorney to deal with only a particular subject matter relating to the principal (a specific power of attorney) or to handle most/all of the principal’s matters (a general power of attorney).

Typically, a power of attorney would terminate upon the death of the principal, there are cases whereby the principal is neither dead nor functional. A Durable power of attorney would be useful in such instances where the principal becomes incapacitated.

To set up an Incap Solutions, please visit here

Credit in part:

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How Abu succeeded in building wealth

How Abu succeeded in building wealth

Abu is single, and 27 years old. As soon as he left University three years ago, he scored a job as a Banking Officer. The first thing he did was rent an apartment close to his workplace for an easy commute and then accumulate a significant amount of discretionary income from his employment.




While his mates – including his childhood friend, Hassan – were busy buying up every new tech gadget, Abu ignored the intense pressure to spend frivolously, and instead focused on his life’s objectives: buy a car, get married in the next few years, purchase a home, start a family, and possibly even plan for retirement.

Like he did so many times in the past, he asked Hassan to straighten out his financial life, but his friend was too far taken with the good life.


Baby Steps


Abu was now eager to begin planning for all his important life events but did not have a formal financial plan. He had a big advantage, though: his parents had taught him and his siblings to budget and save, right from when they were 6 years old. Spurred on by his father’s anthem: “Great wealth builders focus on both saving money and earning more”, Abu imposed strict financial discipline on himself.



  • Rented a house for the first few years after starting work. In the short term, renting offered far more flexibility than committing to a long-term mortgage, which he was entitled to, six months into his new job, subject to his position being confirmed. While renting, Abu would save on property maintenance, repairs, tax, insurance, and any force majeure disasters, which were all the Landlord’s obligations. Abu’s dream was to purchase real estate and build an elevated bungalow with a pool for his family. He felt he would be ready to handle the responsibility of a loan three years into working full time.

  • Did a 10- minute commute to work. Because he lived near his workplace, he did a short, inexpensive ride-share to work with colleagues, and did not immediately have to worry about the costs of vehicle reliability, pricing, or financing.

  • Never bought what he didn’t need. Did he ‘want’ that sleek, supersonic Mercedes Benz that Yusuf had just bought? Of course. But he just didn’t ‘need’ it immediately.


Action Plan

It was now time to plot his future with more certainty, and Abu turned to a professional financial advisor from a trusted Asset Management firm to help him with planning.

This made financial planning easy for Abu by first assessing his goals, current situation, and risk tolerance, drawing up a budget, and then constructing an investment portfolio. For Abu, the recommendations were to establish a preliminary annual savings account and a retirement fund.


The plan was for him to save up to 30% of his income, if possible so that he could aggressively put more of his wealth toward investments – short and long term – such as an emergency fund, mutual funds, Exchange-Traded Funds (ETF), and even a personal retirement account.


The financial advisor continues to support Abu in tracking, reviewing, and re-evaluating his progress toward his specific goals.


Lessons Learned


Yusuf, on the other hand, made the terrible mistake of thinking that financial planning for the future was restricted to those approaching retirement. His preference for spending over saving hindered his life trajectory.


While he now shares a small apartment with two friends and is saddled with debt, Abu lives in his own house, is married, has purchased a car, and has comfortably risen in the ranks at work.

Abu’s greater future orientation is a testament that starting life with good financial habits will inevitably bleed over into success in building wealth.


Get in touch with a Financial Advisor today via [email protected] 

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