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Stewardship, Not Seizure: What the Union Bank Case Is Really About‎

There is a particular genre of financial commentary that mistakes legal process for a factual verdict. A court delivers a first-instance ruling, procedural questions are raised, and before the ink is dry on the appeal filing, the narrative has already hardened: the regulator overreached, investor confidence is shattered, and Nigeria’s financial governance is on trial before the world. ‎ ‎ Much of the commentary currently circulating about Union Bank of Nigeria belongs to that genre.  It is not without merit on certain procedural questions. But it is, at its core, incomplete  and incompleteness in financial journalism carries costs that run well beyond the column. ‎ ‎The Acquisition That Started Everything ‎In 2022, Titan Trust Bank Limited, then chaired by Mr Tunde Lemo, acquired ‎approximately 94 per cent of Union Bank of Nigeria through two Dubai-registered ‎entities: Luxis International DMCC, promoted by Mr Rahul Savara, and Mr ‎Cornelius Vink’s Magna Internationa...
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REVISIT THE BAN ON VEHICLE IMPORTATION THROUGH SEME BORDER‎ - MUBASHIRU TELLS CGC

A critical stakeholders on maritime space is of the opinion that CGC Adewale Adeniyi's beautiful credentials as the best Comptroller General of Customs will be incomplete if he leaves office without revisiting some of the sentimental policies by previous administrations that are affecting trade facilitations for corrections. ‎ ‎ In a review on this issue with Alhaji Adetona Mubashiru, the Chairman and CEO of Only God is Wise Nig. Ltd, a Bonded Terminal would want the CGC to revisit some of the government policies on Trade facilitation. It could be noted that a press release written by CGC Adeniyi on December 5, 2016 as the then National PRO of Nigeria Customs Service captioned "FG BANS IMPORTATION OF VEHICLES THROUGH THE LAND BORDERS," had the followings in that short notice that importation of vehicles into Nigeria through the land Borders have been banned by the Federal Government.  The prohibition order covers all new and used vehicles. ‎ ‎ The Ban was sequel to...

Nigeria Customs Strengthens Inter-Agency Fight Against Transnational Crimes‎

The Nigeria Customs Service (NCS) has emphasised on the importance of stronger collaboration, intelligence sharing, and inter-agency synergy in addressing terrorism financing, money laundering, wildlife trafficking, and other forms of transnational organised crimes. ‎ ‎The Comptroller-General of Customs, Adewale Adeniyi, made this known during a study tour by participants of the Operational Level Countering the Financing of Terrorism and Regional Security Course 2 (CFTRSC - OPL2) from the National Defence College, held on Thursday 21st May 2026 at the Customs Headquarters in Maitama, Abuja. ‎ ‎He commended the growing capacity development within the Service, as well as the participation of officers drawn from various formations across the country. ‎ ‎ Adeniyi described Nigeria’s removal from the Financial Action Task Force (FATF) grey list as a significant milestone that restored investor confidence and strengthened the country’s global financial standing. ‎ ‎He explained...

NIGERIAN NAVY SEEKS STRONGER MARITIME SECURITY COLLABORATION‎... As NIMASA Graduates 177 Trainees under the Deep Blue Project

L-R: Director General Nigerian Maritime Administration and Safety Agency, NIMASA Dr. Dayo Mobereola, representative of the Chief of Naval Staff, Flag Officer Commanding (FOC), Western Naval Command, Rear Admiral Abdulahi Mustapha; Executive Director Maritime Labor and Cabotage services, NIMASA Mr. Jibril Abba; Commodore IU Agwu, Commander Deep Blue task group; commodore S.O Ohunenese during the  ceremony The Chief of the Naval Staff, Vice Admiral Idi Abbas has reaffirmed the importance of sustained inter-agency collaboration in strengthening Nigeria’s maritime security architecture. The Naval Chief stated this at the graduation ceremony for personnel trained under the Nigerian Maritime Administration and Safety Agency’s Deep Blue Project. ‎ ‎Represented by the Flag Officer Commanding, Western Naval Command, Rear Admiral Abdullahi Mustapha, Vice Admiral Abbas described the Deep Blue Project as a model for effective inter-agency cooperation in tackling maritime crimes and sustainin...

CGC Adeniyi Rallies Support for NIPR Secretariat, Envisions National Edifice of Pride‎

The Comptroller-General of Customs, Adewale Adeniyi, has called for stronger support towards the completion of the Nigeria Institute of Public Relations’ National Secretariat project in Abuja, saying the public relations profession deserves a national edifice Nigerians can identify with and take pride in. ‎ ‎CGC Adeniyi made the call on Wednesday, 20 May 2026, shortly after inspecting the ongoing construction of the NIPR National Secretariat, known as “Public Relations Place”, located within the premises of Radio House, Garki, Abuja. ‎ ‎The CGC expressed satisfaction with the progress of work at the site and said public relations has contributed immensely to nation-building and the professional growth of many Nigerians over the years. ‎ ‎ According to him, the time has come for practitioners and stakeholders to collectively support the completion of a befitting national secretariat for the Institute. ‎ ‎“PR has done a lot for many of us. It has given us opportunities and...

‎AMATO VISITS PORTS AUTHORITY POLICE (WESTERN) COMMAND ‎... INTRODUCES NEWLY INAUGURATED STATE EXECUTIVE COMMITTEE AND TRUCKS RESCUE TEAM

The Commissioner of Police, Ports Authority Police (Western) Command, CP Oluwatoyin Iyabode Agbaminoja, psc, mnips, recently received members of the Association of Maritime Truck Owners (AMATO) during a courtesy visit to the Command Headquarters aimed at introducing the Association’s newly inaugurated State Executive Committee and its operational Trucks Rescue Team. ‎ ‎Speaking during the visit, the leadership of the Association led by it's national president, Chief Remi Ogungbemi, according to a press release issued by Police Public Relations Officer ‎Ports Authority Police (Western) Command , ASP Isaac Hundeyin, anipr expressed appreciation to the Command, for its continuous efforts in maintaining security and orderliness within the port environment and along major logistics corridors. ‎ ‎ The delegation which had in attendance the new state chairman of AMATO, Alhaji Saro Ahmed noted that the newly constituted executive committee is committed to fostering professionalism...

NIMASA, HYDROGRAPHIC AGENCY ADVANCE MARITIME SAFETY ‎... Explores local hydrographic solutions ‎

The Director General and Chief Executive Officer of The Nigerian Maritime Administration And Safety Agency, NIMASA, Dr Dayo Mobereola; Hydrographer of the Federation; Rear Admiral Olumide Fadahunsi, during a meeting at the NIMASA Headquarters, Lagos. ‎ A s part of efforts to advance maritime safety in Nigeria , the management of the Nigerian Maritime Administration and Safety Agency, NIMASA and the National Hydrographic Agency are exploring avenues to enhance the use and patronage of locally developed nautical charts and other hydrographic communication tools. ‎ ‎This formed the thrust of deliberations when the Hydrographer of the Nation, Rear Admiral Olumide Fadahunsi, paid a working visit to the management of NIMASA recently. ‎ ‎While commending the management of NIMASA for its commitment to maritime safety and development, Rear Admiral Fadahunsi assured the Agency of the National Hydrographic Agency’s continuous cooperation in the provision of hydrographic services to Nigeria’...

Fidelity Bank Extends Food Bank Initiative to Thousands in Surulere

‎L-R: Team Lead, Corporate Social Responsibility (CSR), Fidelity Bank Plc, Victoria Abuka; Personal Assistant to the President on Constituency Affairs, Hon. Khadijat Kareem Omotayo; Branch Leader, Adeola Odeku Branch, Fidelity Bank Plc, Ifeyinwa Asomugha; Surulere Local Government Executive, Anthonia Adenike Adjivon; and First Vice Chairman, Community Development Committee (CDC), Surulere Local Government, Adebayo Odukoya at the event . ‎ Leading financial institution, Fidelity Bank Plc, has reinforced its commitment to community welfare and sustainable development with the distribution of food packs to over 1,500 residents in Surulere, Lagos state. ‎ ‎The outreach, executed under the Bank’s Fidelity Food Bank initiative, was carried out in partnership with the Office of the Personal Assistant to the President on Constituency Affairs and the Sodiq Abiodun Ogundare (SAO) Foundation. ‎ ‎Speaking during the event, Regional Bank Head, Victoria Island/Lekki, Fidelity Bank Plc, Nnamd...

Oyetola to Declare PMAWCA Board Meeting Open as NPA Hosts West, Central African Port Leaders‎

The Honourable Minister of Marine and Blue Economy, His Excellency, Gboyega Oyetola, is set to declare open the Board of Directors meeting of the Port Management Association of West and Central Africa (PMAWCA). ‎The three-day high-level gathering, scheduled for May 18–20, 2026, hosted by the  Nigerian Ports Authority in Lagos, will bring together top maritime leaders and port administrators from across West and Central Africa to deliberate on the future of ports and regional maritime development. ‎ ‎With the theme, “Ports of the Future: Combining Logistical Resilience with Inclusive Community Development,” discussions will centre on strengthening port infrastructure, building resilient logistics systems, enhancing regional collaboration, and ensuring port growth translates into tangible socio-economic benefits for host communities. ‎ ‎Ahead of the meeting, Managing Director of NPA and chief host, Abubakar Dantsoho, the first Nigerian to serve as President of PMAWCA describe...

Sterling Financial Holdings Sustains Growth Momentum as Assets Cross ₦4 Trillion Mark in Q1, 2026

…Group Profit rises 89% in FY2025, 53% in Q1 2026 ‎ Sterling Financial Holdings Company Plc has announced its audited financial results for the year ended December 31, 2025, alongside its unaudited results for the first quarter ended March 31, 2026, delivering strong earnings growth, balance sheet expansion and improved capital ‎strength across the Group. ‎ ‎According to statement by Group CFO, Sterling Financial Holdings Company PLC, Adebimpe Olambiwonnu, Gross Earnings for FY2025 increased by 44.4% to ₦486.8 billion, representing the strongest performance in the Group’s modern history. Profit Before Tax rose by 89.2% to ₦86.8 billion, while Profit After Tax increased by 74.8% to ₦76.3 billion. ‎ ‎The Group’s balance sheet also strengthened significantly during the year. Total Assets reached ₦3.91 trillion, Customer Deposits grew to ₦2.98 trillion, and Loans and Advances closed at ₦1.41 trillion while Shareholders’ Funds expanded by 40.5% to ₦428.7 billion. ‎ ‎Sterling Financia...