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  EXPLOSIVE: How Titan Trust Bank allegedly used Union Bank’s assets to secure $300m takeover deal What was sold to Nigerians in May 2022 as a clean and powerful takeover is now looking like something far more troubling. When Titan Trust Bank announced it had acquired Union Bank of Nigeria, a 100+ year-old institution, the story was simple: a young bank buying a legacy giant. But fresh documents are now pointing to a shocking twist that raises serious questions about how the deal was actually done. According to findings, Titan Trust Bank allegedly secured a $300 million loan from African Export-Import Bank (Afreximbank) to fund the acquisition of Union Bank of Nigeria. On paper, Titan Trust Bank was the borrower. But in reality, the collateral reportedly included shares, treasury bills, and assets belonging to Union Bank itself.  Let that sink in: the bank being acquired was allegedly used to secure the loan that bought it. Titan Trust Bank—linked to Rahul Savara and Cornelius...

  BREAKING NEWS INEC CHAIRMAN CONDUCT RISKS JAIL TERM AND FURTHER ADJUSTMENT OF ELECTION TIME TABLE — NNPP   The avoidable conduct of INEC in persistently disobeying court orders is likely to adversely affect the 2027 election timetable. It is both unbelievable and disturbing that INEC—an institution led by a Professor of Law and a Senior Advocate of Nigeria—has become an embarrassment to the rule of law. In a recent instance, the High Court of the Federal Capital Territory delivered a judgment compelling INEC, within 72 hours, to update its records, recognise the Dr. Agbo Major Gilbert-led National Working Committee (NWC) of the New Nigeria People’s Party (NNPP), and file an affidavit of compliance. Professor  Joash Ojo Amupitan , SAN                      INEC Chairman Three weeks thereafter, Professor Amupitan and his Commission have yet to comply, without any credible explanation. What is evident is that time ...

  *South West PDP Chairman Condemns Unauthorised Selection of Candidates*   The South West Zonal Chairman of the Peoples Democratic Party (PDP), Engr. Adedeji Doherty, has strongly condemned any unauthorised processes aimed at selecting candidates for the party ahead of the 2027 general elections across the six states in the zone. In a statement personally signed by him, Doherty warned that individuals engaging in such actions are overstepping their bounds. He emphasized that the recognised national leadership of the party, led by Hon. Abdulrahman Mohammed and Senator Samuel Anyanwu, have  not issued any directive authorising candidate selection at this stage. Engr. Adedeji Doherty                                South West Zonal Chairman                    Peoples Democratic Party (PDP Doherty made specific reference to reports from Oyo State, ...

  Banking the Economy That Actually Exists There is a version of the Nigerian economy that the banking sector has always served well. It is the economy of salaried professionals, corporate treasurers, documented collateral, and monthly pay cycles. It is the economy that fits neatly into conventional credit models, standard account structures, and the risk frameworks that Nigerian banking inherited from its colonial and post independence institutional architecture. That economy is real, and serving it matters. There is another version. It is the economy of the cooperative chairwoman in Ogun whose members pool contributions weekly. The textile trader in Balogun who turns inventory four times a month but has never had a formal credit history. The agro dealer in Kaduna whose working capital needs spike in planting season and collapse in the dry months. The artisan in Aba whose business has been profitable for fifteen years, but whose collateral is her workshop and her reputation. This ...

  Press Release   Fidelity Bank Advocates for Inmates’ welfare with donation to Enugu Custodial Centre Tier one lender, Fidelity Bank Plc has reaffirmed its commitment to health and social welfare with the donation of food and essential items to inmates at the Enugu Maximum Security Custodial Centre.  The outreach was carried out by the newly inducted Legacy Class of 2026 and executed under the bank’s flagship Corporate Social Responsibility (CSR) platform known as the Fidelity Helping Hands Project (FHHP). Through the FHHP, staff identify areas of critical interventions in their immediate communities, raise funds and then receive matching financial support from the bank’s management to execute the projects.  Items donated by the Legacy class include a range of food supplies such as garri, spaghetti, noodles, biscuits, milk, and other essential consumables aimed at supporting the welfare and living conditions of inmates at the facility.   Dr Meksley Nwagboh...

  Press Release  We're  not part of  ADC  coalition, NNPP tells Atiku  The New Nigeria Peoples Party (NNPP) says it is not a member of the coalition group on the platform of the African Democratic Congress (ADC), faulting former vice president Atiku Abubakar on the claim.  In a statement on Thursday, NNPP National Secretary,  Mr Ogini Olaposi clarified that the party has no intention of joining or collapsing into the ADC. Ogini Olaposi                                                          National Secretary , NNPP        "We are so surprised that  Abubakar, a frontline presidential aspirant of the ADC  could make such an assertion, that NNPP is now in ADC.  Recall that Abubakar on a live television interview with Mr Charles Aniagolu of Arise television,  listed a...