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  Union Bank Looted: How former directors gambled with billions and nearly destroyed a national bank The former directors and owners of Union Bank did not just fail, they engineered a financial disaster. They manipulated reports, hid massive losses, diverted foreign loans and treated depositors’ money like a private wallet. Investigators uncovered billions of dollars in misconduct. These directors buried over ₦250 billion in losses, piled a $300 million foreign loan onto the bank without protection and then forced Union Bank to carry the burden. They even used the bank’s own funds to buy its shares, an outrageous betrayal of trust. It didn’t stop there. Over $100 million was pulled out improperly, leaving the bank exposed and struggling. Loans meant for customers were secretly diverted into shady transactions. False reports were sent to lenders. The system was deliberately deceived. This was not incompetence. It was exploitation. By 2025, their actions had created nearly ₦400 billi...

  PRESS RELEASE  We sympathise with ADC- NNPP  The New Nigeria Peoples Party NNPP, has blamed the  current problems in the African Democratic Congress (ADC) leadership on Sen. Rabiu Kwankwaso.  This is contained in a statement by the NNPP National Secretary, Mr Ogini Olaposi on Thursday in Lagos.   INEC' announced on Wednesday that it is  withdrawing  recognition of the leadership of African Democratic Congress, ADC, including David Mark and Rauf Aregbesola, Chairman and Secretary respectively. INEC in its statement,  claimed to rely on an Order of the Court of Appeal which directed that the status quo in ADC be maintained.  The NNPP said it is surprised to note that the leadership of  ADC did not know that God is angry with Kwankwaso and Buba Galadima over their attempt to hijack NNPP from the backdoor.  "Their  greatest crime against God are the illegal conversion of the original logo and colour of the NNPP  wi...

  Press Release  Fidelity Bank Partners Aircraft Finance Germany to Grow African Aviation Industry Leading financial institution, Fidelity Bank Plc, has announced the signing of a strategic partnership agreement with Aircraft Finance Germany (AFG) to advance the aviation sector in Nigeria and across Africa by both organisations. The agreement was formally executed by Mr. Christian Hatje, Managing Director, Business Aviation and SVP Commercial, representing AFG; and Mr. Stanley Amuchie, Executive Director and Chief Operations and Information Officer of Fidelity Bank Plc at a signing ceremony in Germany recently. Christian Hatje                                                        Managing Director, Business Aviation / SVP Commercial, representing AFG;   Speaking at the signing ceremony, Mr. Christian Hatje stated, “This partners...

  PRESS RELEASE  WAEC ANNUAL COUNCIL MEETING ENDS IN ACCRA  From Left to Right: Prof. (Nana) Appiagyei Dankawoso I, the Non-Council Member representing Ghana on the Board of Trustees of the WAEC Endowment Fund; Dr. Clement Apaak, the Deputy Minister of Education, Ghana; the Vice President of Ghana; the Chairman of Council, Prof. Thomas B. R. Yormah; the Registrar of WAEC, Alhaji Pateh Bah; the CGNs of Liberia, Ghana and The Gambia during the Formal Opening. The 74th Annual Council Meeting of The West African Examinations Council (WAEC) has ended in Accra, Ghana, with the election of Ghana’s Chief Government Nominee on Council, Professor Ernest Kofi Davis, as Vice Chairman for a one-year tenure. He succeeds Honourable Amos Armah Fully of Liberia.  The meeting, which was held from Tuesday, 24th to Saturday, 28th March 2026, was declared open by His Excellency, John Dramani Mahama, the President and Commander-in-Chief of the Armed Forces of the Republic of Ghana, who wa...

When 8 million Customers Trust You, Safety Cannot Be an Afterthought Nigeria’s digital banking revolution is raising the stakes for consumer trust.                      The question is whether the industry is rising to meet them. Nigeria’s relationship with digital banking has changed almost beyond recognition in a decade. Where cash once dominated every transaction, from the roadside market to the corporate boardroom, mobile apps, instant transfers and USSD codes have reshaped how tens of millions of Nigerians interact with their money every single day. The figures speak for themselves: point-of-sale transactions surged to a record N18 trillion in 2024, a 69 per cent increase from the year before, and the number of POS terminals in operation more than doubled to 5.5 million. Mobile banking is now the most widely used digital financial service in the country, with four in five users having accessed it within any given 90-day window....

  BREAKING NEWS  LEADERSHIP TUSSLE: APPEAL COURT REMOVES KWANKWASO; RETURNS PARTY TO ANIEBONAM. NNPP                                     The Court of Appeal, sitting in Owerri, today gave a final judgement in the leadership struggle that had since bogged down the New Nigeria People's Party, NNPP, for years. In a well considered judgement, the Appeal Court set aside the Ruling of the Abia State High Court, sitting at Uzuakoli, that had set aside its earlier judgement given in favour of the Aniebonam leadership.  It should be recalled that the said Uzuakoli High Court had in November 2024 in Suit No HUZ/11/2024 delivered a final judgement in favour of the Board of Trustees of the party led by Dr Boniface Okechukwu Aniebonam.  Dr Boniface Okechukwu Aniebonam                Founder/ Chairman BOT, NNPP  However,a subsequent Motion b...