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  • Echoes From The Platform(Part 2)  Soludo On Economic Reforms: Beyond Chorus Of Woes

    Echoes From The Platform(Part 2) Soludo On Economic Reforms: Beyond Chorus Of Woes

    By Christian ABURIME

    In a country where every conversation seems to begin with a litany of failures and lamentations of problems, Anambra State Governor, Professor Chukwuma Charles Soludo, CFR, offers a refreshing perspective: the audacity to see Nigeria’s glass as half full.

    His Democracy Day intervention challenges the national pastime of lamentation, calling instead for a solutions-oriented approach to nation-building.

    This is beyond naive optimism or blind faith; it is strategic hope. Governor Soludo acknowledges that “every Nigerian has his/her long list of what is wrong with Nigeria,” but refuses to be trapped in the familiar cycle of complaints without solutions. His position represents a fundamental shift in how Nigeria’s leaders should engage with the country’s challenges.

    Perhaps the most interesting aspect of Governor Soludo’s intervention is his defense of President Bola Tinubu’s economic reforms. In a polity where criticism of government policy is often seen as patriotic duty, Governor Soludo’s endorsement carries significant weight, not because he is a government apologist, but because he has historically been a critic of the very institutions now praising Nigeria’s economic direction.

    His admission that he “made a living criticising the World Bank and the IMF” and even “rejected a World Bank loan” as Anambra Governor lends credibility to his current position. When someone who has consistently challenged international financial institutions acknowledges their positive assessment of Nigeria’s reforms, it demands serious consideration.
    The metaphor of Nigeria’s economy as a “standing dead horse” in 2023 is particularly vivid.

    Governor Soludo’s assertion that the country was approaching insolvency, with potential “mass retrenchment of workers and/or arrears of salaries and pension,” paints a picture of an economy on the brink of collapse. This context makes the current trajectory under the Tinubu adminstration more significant than critics might acknowledge.

    Interestingly, Governor Soludo exposes a peculiar Nigerian phenomenon: the selective use of international validation. When global institutions such as the World Bank and IMF criticise Nigeria, their reports are often cited as authoritative evidence of government failure. But when the same institutions offer positive assessments, they are dismissed as “neoliberal, out-of-touch institutions.”

    This intellectual inconsistency among government critics reveals a deeper problem in Nigerian political discourse: the tendency to cherry-pick evidence that supports predetermined positions rather than engaging with facts objectively. Thus, Governor Soludo’s call for “rigorous counterfactual analysis” and “credible alternatives” challenges critics to move beyond rhetoric to substantive policy alternatives.

    Yet, one of Governor Soludo’s most insightful observations also concerns Nigeria’s relationship with its past. He notes that “every year, people celebrate the previous year(s) as the ‘good old days,’ and every new regime points out how it is the only one to bring positive change since the world was created.”

    This nostalgia trap is particularly dangerous for a developing nation like Nigeria. When every period is retrospectively romanticised, it becomes impossible to acknowledge genuine progress or build on incremental improvements. The constant narrative of decline creates a self-fulfilling prophecy of pessimism that undermines confidence in collective action.

    Governor Soludo’s inventory of commonly proposed solutions, from restructuring the federation to tackling corruption, from ensuring security to providing infrastructure, reads like a greatest hits compilation of Nigerian political discourse. The list is comprehensive, familiar, and largely uncontroversial.
    But here lies the paradox: if everyone knows what needs to be done, why hasn’t it been done?

    Governor Soludo’s answer is implicit but clear: the real challenge is not identifying problems or proposing solutions, but navigating the “HOW” of implementation, especially given “binding resource constraints and distributional consequences.”
    This distinction between knowing what to do and actually doing it represents the gap between political rhetoric and governance reality. It is easy to prescribe solutions when you are not responsible for their implementation or consequences.

    That’s why Governor Soludo’s deliberate choice to “focus more on what is right with or working in Nigeria” is more of strategic necessity than a personal philosophy. In a country where negative narratives dominate public discourse, someone needs to document and celebrate progress, however incremental.

    This does not mean ignoring problems or avoiding difficult conversations. Rather, it means approaching challenges from a position of strength and possibility rather than weakness and despair. When leaders model this approach, it can shift the entire national conversation from what is wrong to what is possible.

    By the way, Governor Soludo’s challenge to critics to provide “rigorous counterfactual analysis and credible alternatives” notably enriches national discourse. This demand for intellectual rigour raises the bar for political criticism, moving beyond emotional reactions to evidence-based assessments.

    The observation that “the task is always easy especially if you are not the one doing it” speaks to the responsibility that comes with offering alternatives. It is one thing to criticise from the sidelines; it is another to propose solutions that account for political, economic, and social realities.This ultimately calls for a cultural shift in how Nigerians engage with their country’s challenges. Moving from a lamentation culture to a solutions culture requires intentional effort from leaders, intellectuals, and citizens alike.

    In our national expedition toward sustainable nationhood, it is crucial to always bear in mind Governor Soludo’s words that “we must appreciate how far we have come” while acknowledging “we still have a very long way to go”. The choice between seeing Nigeria’s glass as half full or half empty is not just about optimism; it is about the kind of country we are building. Nations built on narratives of perpetual failure rarely transcend those narratives. But countries that acknowledge progress while working toward greater achievements create momentum for continued improvement.

  • Soludo’s New Nigeria: Creating A Sustainable Nation We Never Had.

    Soludo’s New Nigeria: Creating A Sustainable Nation We Never Had.

    By Christian ABURIME

    When Governor Chukwuma Charles Soludo, CFR, stood before The Platform audience on Democracy Day in Lagos on June 12, 2025, he posed a question that cuts to the heart of Nigeria’s existential conundrum: “Have we had a nation?”

    The question was quite necessary as Nigeria grapples with its identity 111 years after amalgamation and 65 years after independence.

    The notion of “Rebuilding Our Nation” carries with it a daunting assumption, that we once had a cohesive nation to rebuild. But as Governor Soludo astutely observes, this presumption of nostalgic glory may be our first mistake. How do you rebuild what was never properly built?

    Chief Obafemi Awolowo’s 1947 declaration that “Nigeria is not a nation but a mere geographical expression” remains as relevant today as it was 77 years ago. The exchanges between Dr. Nnamdi Azikiwe and Alhaji Ahmadu Bello during the 1959 federal elections illuminate the fundamental challenge: while Zik sought to “forget our differences,” Bello insisted we must “understand our differences” to build unity.

    This philosophical chasm has persisted across generations. From Awolowo’s geographical expression to Chinua Achebe’s nostalgic “There was a Country,” Nigeria remains trapped between denial and acceptance of its fragmented reality.

    Today, with 371 ethnic groups speaking over 500 languages, Nigeria’s diversity is both its greatest asset and its most persistent challenge.

    Our national anthem acknowledges this reality: “though tribe and tongue may differ, in brotherhood we stand.” Yet the anthem’s aspirational prayer in its final stanza, to “build a nation where no one is oppressed”, remains unfulfilled after six decades.

    That’s why Governor Soludo’s framework of two liberation epochs is particularly illuminating. The first 46 years after amalgamation saw purposeful organisation leading to independence from colonial rule. Our founding fathers understood their mission and executed it with remarkable success.

    The second epoch, our 65 years of independence, tells a different story. This period, which should have been our “liberation from underdevelopment,” has been characterised by what Governor Soludo calls “chequered experimentations” lacking the purposeful organisation that defined our anti-colonial struggle.

    The crucial difference lies in intentionality. While our independence struggle had clear goals and organised leadership, our post-independence nation-building has been largely accidental, reactive, and fragmented.

    Perhaps the most profound insight in Governor Soludo’s intervention at The Platform is his suggested reframing: from “Rebuilding Our Nation” to “Creating a Sustainable Nigerian Nation.”

    This shift in morphological construct represents a fundamental change in semantic import and discourse approach: acknowledging that nation-building in Nigeria is not about restoration but creation.

    The National Party of Nigeria’s 1978 slogan “One Nation, One Destiny” was not just political rhetoric; it was a recognition that Nigerian nationhood requires conscious effort and intentional design. We cannot stumble into nationhood; we must architect it.

    What makes Prof. Soludo’s thesis particularly timely is his call for this to become “the urgent everyday conversation by all Nigerians.” Nation-building cannot be left to politicians or intellectuals alone; it requires the active participation of every citizen in reimagining what Nigeria can become.

    Therefore, the challenge is immense. How do we forge unity among 371 ethnic groups without erasing their distinct identities? How do we create shared national values while respecting religious and cultural differences? How do we build institutions that serve all Nigerians equitably?

    Creating a sustainable Nigerian nation requires what our post-independence leadership has largely lacked: purpose-driven organisations with clear intent to defeat underdevelopment and foster national unity. It requires what Governor Soludo calls “new Nigerians”: citizens who transcend ethnic and religious divisions to embrace a shared Nigerian identity.

    This is not about ignoring our differences, as Ahmadu Bello wisely warned, but about building bridges across those differences. It is about creating institutions that work for everyone, developing an economy that provides opportunities for all, and promoting a culture of mutual respect and shared responsibility.

    While Nigeria stands at this critical juncture in its democratic progression, Governor Soludo’s question echoes with increasing urgency: Have we had a nation?

    The answer may be uncomfortable, but it is also liberating. If we have never truly had a nation, then we are not rebuilding; we are creating. And in creation lies infinite possibility.

    So, the national conversation has started and it continues. The question is: Are we ready to move beyond Awolowo’s geographical expression toward the sustainable nation our anthem envisions? Let this be starters of food for thought in our hunger for a new Nigeria.

  • Lagos State Traffic Management Authority(LASTMA)@ 25.

    Lagos State Traffic Management Authority(LASTMA)@ 25.

    Taofiq Adebayo.

    We understand that LASTMA is commemorating its 25th anniversary, but one might ask—what exactly renders this occasion worthy of celebration?

    Operating at the epicenter of one of Africa’s most densely populated and traffic-laden metropolises, the Lagos State Traffic Management Authority (LASTMA) has, over the past quarter-century, emerged as a stabilizing force in the urban transportation ecosystem.

    It has consistently served not only as an arbiter of order amid vehicular chaos but also as a frontline responder during traffic accidents and critical emergencies.

    Beyond the visible enforcement of traffic regulations, LASTMA has significantly contributed to public enlightenment on road safety, the cultivation of a more conscientious driving culture, and the strategic decongestion of arterial roadways.

    Its ongoing embrace of technological innovations—ranging from digital surveillance to intelligent traffic control systems—signals a deliberate march toward modernization and institutional efficiency.

    Despite navigating a landscape fraught with logistical, infrastructural, and public perception challenges, LASTMA remains a crucial component of Lagos’ urban governance architecture.

    It has provided employment opportunities, enhanced synergy among emergency response agencies, and stood as a testament to the city’s aspiration for disciplined urban growth.

    This silver jubilee is not merely a retrospective observance, but a clarion call to envision and actualize a more agile, transparent, and technologically sophisticated traffic management paradigm—one befitting a 21st-century megacity.

    Written by Adebayo Taofiq

    – PRO, LASTMA

  • Democracy Day At The Platform: Nigeria On Soludo’s Mind.

    Democracy Day At The Platform: Nigeria On Soludo’s Mind.

    By Christian ABURIME

    As Nigeria marks another Democracy Day amidst the familiar chorus of challenges, Nigerians crave more than just platitudes. They yearn for credible voices offering not only diagnosis, but a tangible, inspiring blueprint for renewal.

    One voice consistently rising above the din, attracting attention across geopolitical divides, is that of Anambra State Governor, Professor Chukwuma Charles Soludo, CFR.

    Beyond the purview of his state, Governor Soludo has always been a compelling national voice: a revered visionary, a profound thought leader, a genuine patriot, and an unrelenting optimist who believes Nigeria can be greater.

    It is a fact that Governor Soludo’s reputation is not built on hollow rhetoric, but on a foundation of intellectual rigour and demonstrable action. Being a world-renowned economist and former Central Bank Governor, he possesses a deep understanding of the complex machinery of national and global economies. His foray into the gritty arena of state governance in Anambra affirms a leader unafraid to tackle difficult, long-term challenges with a clarity of purpose.

    Look at Anambra State today. Governor Soludo is executing a meticulously crafted vision to transform the state into a livable, prosperous, smart megacity.

    His leadership philosophy reflects the ethos of progressivism, much like development-focused ideals championed by the late Chief Obafemi Awolowo. Like Awo, Governor Soludo places education, infrastructure, and economic sustainability at the core of his governance. Like the Great Zik of Africa, Soludo’s pan -Nigeria federalist ethos is a force that travels beyond the borders of Anambra to reach hearts across the nation.

    Most crucially, he stakes an uncompromising belief in strategic planning, being a thought leader who roots his profound ideas in actionable plans, refusing the short-termism in favour of the sustainable.

    In a society where cynicism about Nigeria’s viability is pervasive, Governor Soludo remains a genuine, unapologetic patriot. He doesn’t shy away from discussing federal policies, but is always proffering solutions and demonstrating courageous honesty.

    What’s more, he actively champions national unity, consistently rejecting divisive rhetorics while demanding fairness and equity for the South-East within the Nigerian project. This blend of frankness and undaunted faith makes his patriotism compelling and credible.

    It is not a suprise that Governor Soludo’s potent combination of intellectual depth, practical governance success rooted in progressive ideals, and authentic patriotism explains why he has become a much-sought-after speaker on critical national issues.

    His interventions, whether on monetary policy, economic reforms, security, or national cohesion, are dissected nationwide because they carry weight. They are informed by experience, backed by data, and delivered with a palpable passion for the nation.

    This is why Nigerians from all walks of life should keenly anticipate Governor Soludo’s Democracy Day presentation this Thursday, June 12th at The Platform in Lagos as he speaks on “Rebuilding The Nation.”

    To be sure, we are not expecting just another political speech. We are anticipating a critical contribution from a dynamic thought leader who has a grasp of ideas Nigeria needs to navigate its complex challenges.

    As we reflect on our democratic journey this June 12th, let us listen intently to leaders like Professor Soludo who cannot only diagnose our challenges, but also possesses the intellectual acuity to offer pragmatic solutions. His “Rebuilding the Nation” speech at The Platform promises to be a thought-provoking moment where credible hope will be articulated. Nigeria would do well to pay attention.

  • Governor Dada Lawal’s Administration Marred By Scandal, Misappropriation Of Funds Alleged.

    Governor Dada Lawal’s Administration Marred By Scandal, Misappropriation Of Funds Alleged.

    Emmanuel Clement 

    Following wide-spread out cry by citizens of Zamfara state on what they call reckless misappropriation of state resources by Governor Dauda Lawal, his state officials and local government administration handlers who are chiefly in the business of diversion of local governments allocations into personal advantages, the state government has taken a step which many have noted as a cover-up move.

    It is worthy of note that the good governance assessment tour conducted by the on the spot assessment unit of Emerging Leaders Forum of Nigeria, ELFON reported high level of insecurity and lack of basic infrastructure in all 14 Local Governments of Zamfara state in the last 24months, despite consistent flow of allocations from the coffers of federal government.

    Opinion moulders have mentioned Zamfara state Commissioner for Finance and his counterpart in Ministry For Local Government Affairs and Works, State Accountant-General and Secretary to the State Government as officials used by Governor Lawal to drain the state of its resources which he they should have been used to fight insecurity, poverty and other deficits of governance in the State.

     

    As the complaint of misappropriation continues to reign supreme in all quarters and streets, vilkages and towns of Zamfara state, the state Government in a cover-up display has forced three Directors into retirement and suspended others.

    Prominent amongst those affected are the Director of Finance and Account, Sani Muhammad Jangeru; the Director of Administration, Usman Abubakar Maradun; and the Director of Planning, Research & Statistics, Garba S. Yamma.

    While Governor Dauda and his key state officials are leaving extravagant, lavishing and exotic lifestyle, Zamfaraites are living in fear of insecurity, Hardship and infrastructural decays.

  • How Governor Soludo Celebrated Wife’s Honorary Doctorate, Praised Her Advocacy For Healthy Living

    How Governor Soludo Celebrated Wife’s Honorary Doctorate, Praised Her Advocacy For Healthy Living

    By Christian ABURIME

    Anambra State Governor, Professor Chukwuma Charles Soludo, CFR, beamed with pride and admiration as he joined countless admirers in celebrating his wife, Mrs. Nonye Soludo, on the conferment of a prestigious Doctorate Degree (Honoris Causa) in Food and Nutrition by the Chukwuemeka Odumegwu Ojukwu University (COOU), Igbariam.

    The recognition, awarded during the university’s convocation ceremony, honours Mrs. Soludo’s remarkable contributions to public health, food awareness, and nutrition advocacy through her flagship initiative, Healthy Living with Nonye Soludo—a programme that has grown into a movement touching lives in both urban and rural communities.

    In an emotionally resonant message shared across his official platforms, Governor Soludo poured encomiums on his wife, referring to her as a visionary whose passion has reshaped health consciousness in Anambra.

    “Warmest congratulations to my darling wife, Nonye Soludo, on being conferred with a Doctorate Degree (Honoris Causa) in Food and Nutrition by the Chukwuemeka Odumegwu Ojukwu University,” the Governor wrote.

    “This recognition is a testament to her tireless advocacy for healthy living, which has inspired countless individuals through her initiative, Healthy Living with Nonye Soludo.

    “I am proud of her dedication to promoting wellness and nutrition, and I’m grateful to COOU for this honour. Cheers to my Queen!”

    The First Lady’s programme, launched shortly after the Soludo administration took office, has been widely acclaimed for demystifying nutrition and encouraging healthy habits through media campaigns, school outreach, local training, and community health fairs.

    Her model integrates practical food education with lifestyle improvement, targeting families, schools, and market women.

    Behind her calm demeanour and graceful composure is a determined advocate who understands the link between a healthy citizenry and sustainable development.

    Through weekly radio programmes, market activations, fitness walks, and collaborations with healthcare professionals, Mrs. Soludo has brought nutrition literacy to the grassroots—often using relatable language and indigenous food examples to connect with ordinary people.

    Her efforts have also led to partnerships with health experts and civil society organisations, contributing to better maternal and child health outcomes across the state. In schools, her nutrition clubs have helped reduce junk food consumption among pupils, replacing it with fruits and locally sourced nutritious alternatives.

    The conferment ceremony at COOU drew a distinguished audience of academics, policy-makers, traditional rulers, and other important dignitaries. In her acceptance speech, Mrs. Soludo expressed deep appreciation to the university, reiterating her commitment to using the recognition as renewed motivation to expand the frontiers of her advocacy.

    “I see this honorary doctorate not as a personal accolade but as a call to greater service. Health is wealth, and our people deserve to live well, eat right, and thrive,” she said.

    Governor Soludo’s public tribute was not only a spousal commendation but also a reaffirmation of his administration’s holistic approach to governance—where health, education, and wellbeing form the pillars of state-building.

    As the First Lady’s profile continues to rise, her story stands as a compelling reminder that impact does not always begin with a political title but often with empathy, vision, and relentless work. With this latest recognition, Mrs. Nonye Soludo further cements her legacy as a transformative voice in Nigeria’s public health narrative—walking side by side with her husband in the mission to build a liveable, healthy, and prosperous Anambra.

  • Dr. Bello Matawalle: Northwest’s Prominent Ambassador Of Renewed Hope Agenda.

    Dr. Bello Matawalle: Northwest’s Prominent Ambassador Of Renewed Hope Agenda.

    Emmanuel Clement 

    The National Leadership of Emerging Leaders Forum of Nigeria, ELFON has described Dr. Bello Matawalle as a prominent ambassador of the renewed hope agenda of Mr President Bola Ahmed Tinubu in North Western Nigeria and Zamfara State in Particular and have transcended the realm of politics to touch the very fabric of social and community life.

    Recognized for his dynamic leadership and unwavering commitment to service, Matawalle has become a symbol of hope, progress and unity for the people of Zamfara State and beyond as the current state of insecurity under the present administration of Dauda Lawal in Zamfara state has gotten out of hand.

    One will recall that 24months ago, Zamfara state was enjoying relative peace under Dr. Bello Matawalle as Governor.

    A Visionary Leader with Broad Appeal.

    What sets Dr. Matawalle apart is his ability to connect deeply with people from all walks of life. His social acceptance and popularity are not confined to political affiliations or partisan divides; rather, they reflect his genuine concern for the welfare of the people. He has cultivated a reputation as a man of the people—a leader who listens, understands and acts on the pressing needs of his people.

    This broad acceptance can be attributed to his inclusive approach, which emphasizes collaboration and mutual respect. Matawalle believes that true leadership transcends politics and is rooted in the ability to unite individuals around shared goals and aspirations.

    Contributions to Zamfara State and Nigeria.

    As a visionary, Matawalle has championed numerous initiatives aimed at improving the lives of the people. His tenure in various political and community roles are marked by tangible achievements in areas such as infrastructure development, youth empowerment, education, healthcare and Security.

    As Minister of State Defence, he has remained committed to ensuring that his assigned roles are carried out to the later as stipulated in the rules of engagement. No wonder he is notably amongst the best 6 performing ministers of the Renewed Hope administration against all odds.

    Some of his notable contributions include:

    • Youth Empowerment Programs: Dr. Bello Matawalle has been a vocal advocate for creating opportunities for young people in Zamfara State. Through skill acquisition programs, mentorship initiatives hand support for entrepreneurial ventures, he has empowered countless youths to achieve their potentials.

    • Community Development Projects: From constructing roads to providing clean water, promoting peace, resolving conflicts and provision of solar powered electricity to communities, Matawalle has consistently delivered impactful projects that improve daily life for his poeple.

    • Healthcare and Education Initiatives: Recognizing the importance of accessible healthcare and quality education, he has supported the establishment of health centers and educational facilities across the state and his federal constituency in particular.

    A Unifying Figure Beyond Politics

    Matawalle’s influence extends beyond governance, as he is widely regarded as a socio-cultural and leadership ambassador for Zamfara State. His engagements in community activities, socio-ethnic festivals and philanthropic ventures have endeared him to people nationally. His ability to bring people together, irrespective of their backgrounds or beliefs, underscores his commitment to fostering harmony and inclusivity.

    The Future of Leadership in Zamfara State

    As Zamfara State looks toward the future, Emerging Leaders Forum of Nigeria, ELFON under the dynamic leadership of Artist Godstime Chukwubuikem Samuel has identified leaders like Dr. Bello Matawalle as a generation of public servants who prioritize the needs of the people above all. His track record of service, coupled with his unwavering dedication to the growth and development of Nigeria and Zamfara State in Particular right from his days as a student union leader, Member of the Federal house of Representatives, Governor of Zamfara state, Minister of State Defence, as a business Guru and a leading employer of Labour positions him as a beacon of hope for a brighter tomorrow.

    Dr. Bello Matawalle is more than a politician; he is a rising star whose vision, determination and compassion continue to inspire the people of Zamfara State and beyond.

  • The Mischief In Fidelity Bank Bankruptcy Rumour

    The Mischief In Fidelity Bank Bankruptcy Rumour

    By Ikechukwu Amaechi

    Fidelity Bank Plc has dismissed as unfounded the story making the rounds that it is on the verge of bankruptcy following a Supreme Court judgment linked to a legacy $3 million credit facility granted by the defunct FSB International Bank in 2002.

    The bank made the clarification on Monday, assuring the general public, depositors and stakeholders that it remains financially strong despite court judgment.

    In a statement by its Divisional Head, Brand & Communications, Meksley Nwagboh, Fidelity Bank called for calm, stating that it was currently seeking judicial clarification on the accurate computation of the judgment sum.

    “By way of a background, we confirm that the issues leading up to the judgment arose from a legacy transaction between the defunct FSB International Bank and Sagecom Concepts Limited,” the bank said.

    According to the statement, FSB, a legacy bank taken over by Fidelity Bank, granted a credit facility to G. Cappa Plc in 2002 for the sum of $3 million. The facility was, in turn, secured with a mortgage on a property located in Ikoyi, Lagos.

    However, when G. Cappa defaulted, the construction company quickly commenced legal proceedings against FSB at the Federal High Court, Lagos in a bid to prevent FSB from selling the mortgaged property to repay the loan.

    Fidelity Bank’s press statement noted that the initial lawsuit was to restrain FSB from selling the property of the alleged loan defaulter.

    The Federal High Court, in its judgment, ruled that the bank, as legal mortgagor, rightfully sold the leased interest in the property to Sagecom in 2011. The Court, however, declined to order vacant possession of the property and directed the issue to the Lagos State High Court.

    In the meantime, G. Cappa remained in possession of the property and kept collecting rents.

    Sagecom’s claim against the bank was essentially for liquidated damages. In 2018, the Lagos High Court awarded judgment in favour of Sagecom against G. Cappa even when it refused to order vacant possession of the property, a judgment which was challenged at the Supreme Court by Fidelity Bank for final adjudication.

    But just like the High Court judgment, the Supreme Court ruled in favour of Sagecom.

    Fidelity Bank said it was convinced that by remaining in possession of the property and continuing to collect rents, G. Cappa created the losses suffered by Sagecom.

    However, the bank noted that after exhausting the appeal process, it is open to settling the obligation.

    In fact, enquiries by TheNiche indicate that both Fidelity Bank and Sagecom are already in talks over how the judgment debt could be paid over a mutually agreed period.

    It was this court ruling that detractors of the bank latched on in their demarketing voyage, which is what the bankruptcy story is all about.

    And in debunking the bankruptcy insinuation, the bank assured depositors and investors of its safety as a going business concern, noting that it does not have solvency or liquidity problems.

    The bank assured the public that, regardless of the Supreme Court judgment, Fidelity Bank was not under the threat of bankruptcy or liquidation.

    But that fact is rather obvious. Fidelity Bank has consistently demonstrated strong financial performance, with significant growth in key financial metrics like profit before tax (PBT), gross earnings, and net interest income. The bank is also well-capitalized, maintaining a strong capital adequacy ratio (CAR) well above the minimum regulatory requirements, which is an indication of a robust financial foundation.

    Not only that, it is also expanding its presence both within Nigeria and internationally, with a focus on digital banking and customer-centric services and the bank has received multiple awards, including for its performance in corporate banking, SMEs, and digital banking, highlighting its strength and leadership in the financial sector.

    It is therefore not surprising that it has garnered very positive investor sentiment and consequential strong support, with oversubscription in equity capital raises and a high growth rate in share prices.

    Not only that, the Central Bank of Nigeria (CBN) has weighed in on the matter, dismissing the bankruptcy story as misleading.

    In a statement on Monday night, the apex bank and regulator said its attention had been drawn to some publications and social media reports containing “misleading information regarding the operations of a regulated financial institution.”

    The statement by Mrs. Hakama Sidi Ali, Acting Director, Corporate Communications, affirmed that the CBN “continues to monitor all financial institutions under its regulatory purview and maintains robust frameworks for early warning signals and risk-based supervision. These mechanisms ensure that any emerging issues are promptly addressed to protect the integrity of the financial system.”

    The CBN urged the public to “disregard sensational or unverified claims and rely solely on official channels for information about the financial system.”

    The statement titled, “CBN reassures public on banking sector stability,” reads:

    “The attention of the Central Bank of Nigeria (CBN) has been drawn to certain publications and social media reports containing misleading information regarding the operations of a regulated financial institution.

    “The CBN wishes to categorically reassure the public, depositors, and stakeholders that the Nigerian banking sector remains resilient, safe, and sound. Like all other regulated institutions, the institution referenced in these reports is held to stringent regulatory requirements and there is no cause for concern regarding the safety of depositors’ funds.

    “The Bank affirms that it continues to monitor all financial institutions under its regulatory purview and maintains robust frameworks for early warning signals and risk-based supervision. These mechanisms ensure that any emerging issues are promptly addressed to protect the integrity of the financial system.

    “We urge the public to disregard sensational or unverified claims and rely solely on official channels for information about the financial system.

    “The CBN remains dedicated to fostering a secure banking environment where depositors can be fully confident in the safety of their funds. It will continue to monitor and adapt strategies to safeguard the financial interests of all Nigerians and stakeholders in our financial system.”

    Some financial experts who spoke to TheNiche insist that the bankruptcy story was contrived in the warped minds of those who are unable to compete and are “unnerved by the unprecedented growth of Fidelity Bank particularly under the leadership of Nneka Onyeali-Ikpe.”

    How can a bank, which is unarguably one of Nigeria’s leading Tier-1 financial institutions, a bank that has just announced a remarkable financial performance for the first quarter of 2025, recording a PBT of N105.8 billion, which represents an impressive growth of 167.8 per cent compared to N39.5 billion in Q1 2024, suddenly go bust,” asks Mr. Olamilekan Johnson, a financial expert.

    “It is all an attempt by unscrupulous people to demarket the bank. This is not the first and I am afraid, it won’t be the last. But I hope that in the interest of the country’s financial sector, they stop.”

    Johnson is right. In the wake of the revocation the banking licence of Heritage Bank Plc by the CBN on June 3, 2024, the same malicious campaign, an odious attempt to precipitate a run on Fidelity Bank, was mounted by unscrupulous people, who insinuated then, as they are doing now, that Fidelity Bank, Wema Bank, Polaris Bank and Unity Bank – will go the Heritage way.

    That was one week after the bank signed the necessary documentation to raise about N127.1 billion from a public offer and rights issue to its existing shareholders to raise its capital base in line with the CBN’s fresh capitalisation directive.

    Could it also be that this bankruptcy hoax is the panic reaction of the same naysayers who cannot relate positively to the robust fundamentals exemplified in the incredible performance of the bank as captured in its financial statements released late last month?

    The bank’s unaudited financial statements, which was released on the Nigerian Exchange (NGX) on April 30, 2025, showed a substantial increase in gross earnings, which rose to N315.4 billion, marking a year-on-year growth of 64.2 per cent from N192.1 billion in the same period last year.

    Growth in interest income was primarily led by 38.6 per cent yoy (7.4 per cent ytd) expansion in earning assets base, while the increase in non-interest revenue came from FX-related income, trade and commission on banking services, etc., supported by increased customer transactions.

    Commenting on the bank’s performance, Dr. Nneka Onyeali-Ikpe, the Managing Director/Chief Executive Officer, stated: “We started the year with triple-digit growth in profit and sustained the momentum in our earning assets growth. This performance shows the resilience of our business model and reinforces our confidence in delivering a better result in the 2025 financial year.”

    Other areas of the unaudited financial statements equally showed a marked improvement with total deposits growing by 11.1 per cent ytd to N6.6 trillion from N5.9 trillion in December 2024, driven by 10.6 per cent ytd growth in low-cost deposits to N6.1 trillion, which represents 92.2 per cent of total customer deposits.

    Local currency deposits increased by 2.0 per cent ytd while foreign currency deposits increased by 21.4 per cent from $1.9 billion in December 2024 to $2.3 billion.

    “Beginning the year with such positive momentum reinforces our commitment to supporting the growth of individuals and businesses, while enhancing our financial sustainability. As we go into the rest of the year, we remain focused on building a resilient banking franchise with a diversified earnings base,” Onyeali-Ikpe added.

    And that is exactly what Fidelity Bank is doing. Those who are purveying the bankruptcy story about Fidelity Bank Plc., a full-fledged commercial deposit money bank, serving over 9.1 million customers through digital banking channels, its 255 business offices in Nigeria and United Kingdom subsidiary, FidBank UK Limited, and ranked among the best banks in the country are only engaged in wishful thinking with no evidence or even logic to hang their delusional assumption.

    As published on thenicheng.com

  • Who Is Afraid Of Fidelity Bank?

    Who Is Afraid Of Fidelity Bank?

    By Udeme Etukeyen

    Leading up to the recent superlative annual reports showcasing one of the most significant growth experienced by a Nigeria Financial Institution in recent years I was forced to ask “what is Fidelity Bank” doing right?

    My banking and financial sector experience got me digging deeper into the statistics of the report-Fidelity Bank recorded a substantial 210.0% growth in PBT, reaching N385.2 billion in FY 2024. Deposits increased by 47.9%, from N4.0 trillion in 2023FY to N5.9 trillion in 2024FY, Gross earnings shooting by 87.7% to N1,043.4 billion which was primarily caused by a 106.9% increase in interest and similar income. Was I impressed? Absolutely 👍🏾

    Now to the scary part, they opened the year with a bang implying that 2025 year end results was going to be nothing but spectacular; check this out-Fidelity reported a whooping 167.8% increase in PBT (Profit Before Tax)to N105.8 billion in Q1 2025, compared to N39.5 billion in Q1 2024. Gross earnings from January to April had reached some N315.421 billion signaling a 64.21% increase year-on-year.

    These results were nothing short of astonishing and with great hope I sat my team to review our Investment Strategy to accommodate taking up equities in Fidelity and advising our portfolio investors to do same.

    We quickly appraised the fundamentals and Key Success Factors to include their focus on the strategic youth economy that the Creative and Digital Transformation sector promises, the banks bullish inroads in MSME promotion and financing, their glowing penchant for Gender inclusion without abandoning the core sectors of Mining, Renewables and other key industries

    Then came the dissecting of Leadership, my team of analysts mostly female went on about Fidelity MD being one of the most experienced and affable Amazons in the industry; done this, achieved that and all the entreaties you’d expect from smart ladies who feel mentored from a distance. I didn’t hesitate to draw their attention to the experience of the menfolk within the organization like I had any measurable data to establish that mix…truth remains you can’t but admire the Banks Leadership and strides

    A deeper look at the banks expansion globally could reveal a strategic and noiseless acquisition of Union Bank,London and their planned incursion into African and other European financial markets, you just can see that such daring strides and impact would give competition and detractors sleepless nights. Not in an era where sleeping pills are sold strictly by prescription and no thanks to the high cost of medication for peddlers of cheap propaganda

    Within barely 30days of announcing such magnificent results little wonder how pundits would cook or spin a narrative to suggest a bank that has announced herself as First Tier with shoulders leveled up with other Banking giants would shudder over a judgement against her customer G.Cappa or even the contribution they would be required to cough out over that said Sagecom saga. With that judgement not going the way of pundits a contemptuous attempt at calculating interest at unclassified rates from an initial N14b to cause an unnecessary scare or negative press on the bank speaks volumes of how we unrepentantly strive to destroy value in our economy.

    One would think that interpretation of the judgment and computation of due figures which will understandably come with a payment plan be awaited instead of the usual bad blood generated and envisaged by toddler media characters.

    It is not in doubt that the discerning public sees through the cruise and flat falling attempt of dramatic clout chasers ever ready to stain Fidelity’s white apparel which savvy Investors and analysts are filled with bridal admiration

    Like Joseph Campbell hinted in his famous quote “The cave you fear to enter holds the treasure you seek.” We cast our treasures and bets on Fidelity Bank as the Nigerian treasure house to beat in the years ahead!

    Udeme Etukeyen is an Abuja based Pan African Investment Advisory Expert

  • Chinelo Adaora Emeghara,Esq: Celebrating A Good And Godly Woman On Her Birthday, Today 18th May 2025.

    Chinelo Adaora Emeghara,Esq: Celebrating A Good And Godly Woman On Her Birthday, Today 18th May 2025.

    By Citizen Ikenna Samuelson Iwuoha

    When a good and godly woman is observing her birthday, will her admirers keep quiet? The answer is a resounding Nooooooooo.

    Chinelo Adaora Emeghara, Esq has become a phenomenal person, not just within her household and place of work, but in her relationship with people.

    Yes, phenomenal, in the sense that she has consistently shown that with love, compassion and kindness, you can get the best out of people. With love, compassion and kindness, she has completely changed, for good, the society she belongs.

    As the Clerk/Head Legislative Service, Imo State House Of Assembly, Chinelo Adaora Emeghara, Esq, has demonstrated that love, compassion and kindness brings out the best in the Staff, and these virtues have paid off handsomely, as everyone, including Honourable Members and Political Appointees work in synergy with one another without compromising standards.

    A woman like no other, she sees the best in persons and harnesses such potentials for the good of government and the society. This makes Madame Clerk an astute Administrator. She has no time for laziness and frivolities.

    There is a reason Everyone in Imo State address former Governor Sam Onunaka Mbakwe as “Dee Sam”. It is the same reason everyone addresses Madame Clerk as “Mummy”. Though a very young woman, yet old and young call her Mummy. This is because she has demonstrated and continued to demonstrate leadership with compassion. No wonder some persons address her as a Compassionate Leadership Specialist.

    Past and Present lawmakers at the Imo State House Of Assembly are in agreement that Mummystic Mummy is the best Clerk in the history of Imo State House Of Assembly. Also, Past and Present leadership of the Parliamentary Staff Association Of Nigeria, PASAN (Imo State chapter) have confirmed that she is the best Clerk.

    A workaholic per excellence, Madame Clerk is on duty always (day and night), just to make sure things are in order and in good place.

    Her interpersonal relationship with the Staff, Political Appointees and Distinguished Honourable Members of the Imo State House Of Assembly is second to none, as it has fostered good and effective communication, teamwork, emotional intelligence and improved administrative and management skills, which have led to increased productivity, reduced stress and enhanced inter-governmental connectivity with other Arms of Government. Her very strong relationships with everyone also promote a sense of belonging. Again, through her innovative style, creativity and ingenuity, she has blended everyone around her into administrative and legislative competence. That is why we love her. Yes, that is why I love her.

    It is therefore, not out of place, for all of us to troope out to celebrate our Big Mummy. While she may wish to observe her birthday quietly, her admirers and those she has touched through her goodness, kindness, compassion and love have decided to celebrate her ; And they are doing so in a very big way today, 18/05/2025.

    For me, Chinelo Adaora Emeghara Esq, as a vessel unto honour, is a wonderful work in progress. God is definitely taking her somewhere, for the overall good of the society.

    Therefore, I join the leadership and rest of the Staff and Management of Imo State House Of Assembly, Friends, Associates, Families and well wishers to congratulate this woman of substance on her birthday. I also wish to congratulate her husband, Unkulu George Emeghara, for having an exceptionally good and blessed woman as a wife. I congratulate the children as well. She is not only a successful administrator, she is also a successful wife and a very successful mother.

    May this day, therefore, bring countless blessings, happiness, endless joy and peace of mind to this Woman of Grace, in Jesus Mighty Name I Have Prayed, Amen.

    Mummystic Mummy, Congratulations And Happy Birthday.

    Udodiri Gi, Nwanne Nmadu.

    Citizen Ikenna Samuelson Iwuoha (Ekenwohia Ndigbo)