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After fake news by Peoples Gazette blog, Fidelity Bank shines even brighter

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Fidelity Bank Supports Improved Maternal Health in Lagos

 

By Joseph Okechukwu

@GazetteNGR You do know you’ve just gotten yourself into serious trouble with this publication, right? This is so shameful. And to think that I have, on a few occasions shared your posts! Journalism should be about integrity not brown envelopes and bringing people down with falsehood.

There’s a court order restraining Sagecom, your client and or anyone from publishing any material in the media as this matter is still pending in court. But you guys have rushed to publish this utter falsehood and misled others who went along with it. I hope Fidelity Bank sues the hell out of you guys, to set an example.

For crying out loud, this is a case that’s more than 20 years old and still hasn’t been summarily resolved.

For people who may not know, what happened is, FSB – remember that bank? Yea, FSB bank granted a credit facility (loan) in the amount of $3 million to G. Cappa in 2002. Remember G. CAPPA – the now dead construction company that once held sway in Nigeria? G. Cappa secured the loan with mortgage on a property located in Ikoyi (their collateral)

Incidentally, G. Cappa defaulted on the loan – they couldn’t pay. In a bid to prevent FSB bank from selling the mortgaged property to repay the loan, G. Cappa ran to Lagos High Court, seeking to restrain the bank from selling the property. That case almost went cold and remained in court with no hope of judgement. As the case lingered, in 2005, FSB Bank sold G. Cappa’s mortgaged property to Sagecom, to retrieve the $3 million the company borrowed from it. Around that same period in 2005, during the bank capitalization process in Nigeria, Fidelity Bank acquired MANNY Bank and FSB Bank, same bank embroiled in this case. Automatically, they inherited the case that looked very easy on the surface, given that the bank did what every bank could’ve done.

So, in 2011, about 9 years later and just six years after Fidelity took over the bank, judgement was given in the G. Cappa case that had lingered for so long. In that judgement, the court exonerated the bank saying it “rightfully sold the leased interest in the property to Sagecom.” But the problem is that the court did not order vacant possession, so G. Cappa still kept the property, collecting rent on it and making money off of it, from the time that it was sold to Sagecom to the time of giving judgement in 2011. Sagecom to whom the property was legally sold never had access.

For this reason, Sagecom instituted action against the bank and G. Cappa because it was not allowed to take possession of what has been sold to it. Good case, but truly, it is G. Cappa that should pay Sagecom for damages and not the bank (FSB) now Fidelity. The bank is only joined in the breach of contract case because the bank is the seller. And that’s why Sagecom joined the bank.

In 2018, the Lagos High Court awarded judgement in favor of Sagecom against G. Cappa and the Bank. Judgement was challenged by the Supreme Court because the bank rightly held that G. Cappa orchestrated all the losses that Sagecom had suffered and should be charged solo. And it makes a lot of sense, given that the bank did what was within its right, as was upheld by the court.

Sadly, G. Cappa, the company at the center of all these, suddenly went into receivership (it went bankrupt and was now being taken over). So the bank tried to appeal the judgement severally but later decided to just settle its own obligation of the liability.

The question then arose, what is the value of the liability to G. Cappa and the Bank? As a guide, in the case of Anibaba vs. Dana Airlines Limited delivered in January of 2025, the Supreme Court clarified that foreign currency judgement debt must be converted to Naira at the exchange rate obtainable at the date of the judgement of the trial court, which in this case is 30 January, 2018. Now, if you apply the Supreme Court – supported 2018 exchange rate, the judgement debt rate will be a little less than N30.7 billion – the amount that G. Cappa and the Bank now legally owe Sagecom.

The so called N225 billion came from calculating with present day exchange rate in 2025, which isn’t the way it should be done, especially given the recorded incidence of a similar case between Anibaba and Dana Airlines Limited, as recently as January 2025! Imagine expecting to go home with 225 billion Naira for $3 million investment for which you were denied access but later reclaimed. That’s an absurdity taken too far and this is why Gazette should have been wiser with their rush to publish.

As a matter of fact, the bank even applied to the court for further clarification on what should be paid by the bank and how much G. Cappa should bear out of the calculated liability sum. After this application, the court consequently ordered Sagecom to maintain status quo pending determination of pending motions, and restrained Sagecom and all persons, including bloggers like People Gazette from publishing any material in the media as the matter is still pending in court. So basically, what this means, according to Fidelity Bank, is that People Gazette and other platforms that carried the FAKE NEWS have published falsehood and violated a court order, for which Fidelity Bank is now seeking legal redress. I have attached the court order below.

Fidelity Bank is one of the best performing banks in Nigeria today. In 2021 Fidelity Bank went from N38.1 billion in Profit Before Tax (PBT) – a 35.7% growth in profit to a Profit Before Tax (PBT) of N105.8 billion, representing an impressive 167.8% growth in the first quarter of 2025 alone! That is not to talk about their expansion into London with the acquisition of Union Bank London, and moves currently underway to expand into a few African countries.

This is the bank that gave us Air Peace Airlines through their foundational partnership, when no one else could’ve done it.

This is a bank that took share prices from a single digit of N9 to about N20 in just a year! This is even more exciting because the bank is recording all these gigantic strides under a woman. Fidelity went from average to now an indisputable Tier 1 bank, and they’ve been fighting so hard to bring it down. Otherwise, why would People Gazette publish an outright falsehood on a matter that’s still pending in court, just to cause panic and sow doubts in people. This is the second or third time I have now had to respond to a malicious attack to bring Fidelity Bank down in Nigeria. Rest assured that we know what the plan is, so stop already.

Happy to see that the Central Bank of Nigeria (CBN) has stepped in to debunk the Fake News. CBN reaction attached below as well.

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Olowu Celebrates Former Military President, Ibrahim Babangida, At 84

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Olowu Celebrates Former Military President, Ibrahim Babangida, At 84

Olowu Celebrates Former Military President, Ibrahim Babangida, At 84

 

Olowu of Kuta, HRM Oba Dr Hammed Oyelude Makama, CON, Tegbosun III, has congratulated former military president, Gen Ibrahim Badamasi Babangida, rtd, who is 84 today.

Olowu Celebrates Former Military President, Ibrahim Babangida, At 84

Olowu, in a statement he signed, eulogised the former military ruler for his modest achievements while he was in power.

 

According to Olowu, ” IBB is an enigma. He has carved a niche for himself as a former military president. His tenure witnessed the completion of many monumental legacy projects that are still visible today. His Hill Top Mansion in Minna has become a Mecca of sorts for those who aspired to lead Nigeria.”
Olowu, who described Gen Babangida as being grossly misunderstood, said history would be kind to him.

 

He said, “The launch of Gen Babangida’s Autobiography: ‘A Journey In Service’, and the testimonies from the likes of President Bola Ahmed Tinubu and Africa’s richest man, Aliko Dangote, Tony Elumelu, Jim Ovia, Abdusalam Rabiu, Oil Magnate, Arthur Eze, and many others, testified to his goodwill despite leaving public office three decades ago.

” On behalf of myself, my Oloris and Olowu-In-Council.

All members of the defunct IBB Vision 2003 and Vision 2007, I wish President Ibrahim Babangida, rtd, a happy birthday. I also wish him all the best as he aged gracefully,” Olowu added.

 

Born on August 17, 1941, Gen Ibrahim Babangida, rtd, ruled Nigeria from 1985 to 1993.

 

His presidency was marked by significant political and economic reforms.

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HRH Oba Isiaka Babatunde Malik Adekeye Ascends the Throne of Agunjin Land

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A new dawn breaks over Agunjin — a moment etched in gold in the annals of history — as the crown of the Ariwajoye Adekeye Royal Dynasty returns to its rightful home. With this homecoming, the living legacy of Agunjin’s royal heritage is renewed, strengthened, and destined to shine for generations to come.

The proud sons and daughters of Agunjin welcome His Royal Highness, Oba Isiaka Babatunde Malik Adekeye, Ariwajoye III of Agunjin Land, with joy, reverence, and boundless hope for the future.

A distinguished Nigerian based in New York, Oba Adekeye is a dynamic and accomplished professional whose illustrious career spans cinematography, international trade, and hospitality. Born into the revered Ariwajoye Adekeye Royal Family of Agunjin, in Ifelodun Local Government Area of Kwara State, His Royal Highness now carries forward an ancestral legacy steeped in honor, dignity, and purpose.

The new Oba Adekeye is the proud nephew of the late Oba Jimoh Ajide Adekeye and the grandson of Oba Alade Adekeye — custodians of Agunjin’s noble traditions whose names remain deeply woven into the history of the land.
As the Yoruba say,
“Adé kì í wọ́ lórí aláìní orí.” — The crown does not rest on a head without destiny.”
His Royal Highness wears the crown not as a mere ornament, but as a solemn trust from his ancestors to his people.

The Adekeye Royal Family extends profound gratitude to: His Excellency, H.E.AbdulRahman AbdulRazaq, CON, Chaiman GFON, Sadauna Ngeri of Ilorin, Executive Governor of Kwara State; The Chairman, Kwara State Council of Chiefs, Alhaji (Dr.) Ibrahim Sulu-Gambari, Emir of Ilorin; The Chairman, Igbomina Traditional Rulers Forum, Oba (Barr.) Alh. Ismail Bolaji Yahaya Atoloye Alebiosu, Olupo of Ajase Ipo; The Chairman, Ifelodun Traditional Council, HRM Oba (Dr.) Alhaji Ahmed Awuni Babalola Arepo III, Elese of Igbaja; The Ifelodun Traditional Council Members and the Kwara State Traditional Council.

Our heartfelt appreciation also goes to the Hon. Commissioner for Local Government, Chieftaincy Affairs and Community Development, Hon. Abdullahi Bata, and to the Executive Chairman, Ifelodun LGA, Hon. Femi Yusuf, for their steadfast commitment to upholding historical truths and safeguarding the cherished traditions of Agunjin.

As the newly crowned Ariwajoye III, Oba Adekeye brings decades of professionalism, global exposure, and deep cultural pride to his reign. His vision is noble and unwavering — to champion sustainable development across the Agunjin district, preserve the rich traditions of the land, and unite his people both at home and in the diaspora under one banner of progress, peace, and pride.
In the words of an old royal proverb, “When the king builds bridges, the people will cross to a better tomorrow.” Ariwajoye III now stands as that bridge — connecting the heritage of the past with the promise of the future.

Long live Ariwajoye III. Long live the Ariwajoye Adekeye Royal Family. Long live Agunjin Land.

Prince Oluwatoyin Adekeye For the Family

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From Ejigbo to the World: How Primate Ayodele’s Prophecies Shape Public Debate

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The Man Who Makes Nigeria Listen — Primate Elijah Ayodele’s Prophetic Influence

Primate ELIJAH AYODELE: The Seer, And the Country That Listens

By Femi Oyewale

Ejigbo, Lagos — When Primate Babatunde Elijah Ayodele steps onto the pulpit of INRI Evangelical Spiritual Church each week, he does more than preach: he convenes a national conversation. For decades, the clergy has issued blunt, often headline-grabbing prophecies about presidents, markets, and disasters — pronouncements that are dutifully copied, debated, and digested across Nigerian newsrooms, social media, and political corridors.

 

The Man Who Makes Nigeria Listen — Primate Elijah Ayodele’s Prophetic Influence

 

Primate Ayodele is best known for two things: the regular release of New Year’s and seasonal “warnings to the nation,” and a large, loyal following that amplifies those warnings into national discourse. He publishes annual prophecy booklets, holds prayer mountain conventions where journalists are invited, and maintains active social media channels that spread his messages quickly beyond his church gates. In July 2025, he launched a compendium of his prophecies titled “Warnings to the Nations,” an event covered by national outlets, which Ayodele used to restate concerns about security, governance, and international affairs.

 

Ayodele’s prophecies have touched on lightning-rod topics: election outcomes, the health or fate of public figures, infrastructure failures, and international crises. Nigerian and regional press have repeatedly published lists of his “fulfilled” predictions — from political upsets to tragic accidents — and his followers point to these as proof of his accuracy. Media roundups in recent years credited him with dozens of prophecies he argued had been realised in 2023 and 2024, and his annual prophetic rollouts continue to attract wide attention.

 

Impact beyond prediction: politics, policy, and public mood

The practical effect of Ayodele’s ministry is not limited to whether a prophecy comes to pass. In Nigeria’s politicised and religiously engaged public sphere, a prominent seer can:

• Move conversations in electoral seasons; politicians, commentators, and voters listen when he names likely winners or warns about risks to candidates, and his claims sometimes become part of campaign narratives.

• Shape popular expectations — warnings about economic hardship, insecurity, ty or public health influence how congregations and communities prepare and react.

 

• Exert soft pressure on leaders — high-profile admonitions directed at governors or ministers often prompt responses from the accused or their allies, creating a feedback loop between pulpit pronouncements and political actors.

 

Philanthropy and institution building

Ayodele’s public profile extends into philanthropy and church development. He runs INRI Evangelical Spiritual Church from Oke-Afa, Lagos, and his ministry periodically organises humanitarian outreach, scholarships, and hospital visits — activities he frames as evidence that prophetic ministry must be accompanied by concrete acts of charity. Church events such as extended “17-day appreciation” outreaches and scholarship programmes have been widely reported and help cement his appeal among congregants who value spiritual counsel paired with material support.

 

What makes him unique

Several features set Ayodele apart from other public religious figures in Nigeria:

1. Productivity and documentation. He releases extensive, numbered lists of prophecies and compiles them into booklets — a tactic that makes his predictions easy to track (and for supporters to tally as “fulfilled”).

2. A blend of national and international focus. His pronouncements frequently move beyond parochial concerns to name international actors and events, which broadens his media footprint.

3. Media-savvy presentation. From staged press events to active social accounts, Ayodele understands how to turn a prophecy into a viral story that will be picked up by blogs, newspapers, and TV.

 

The public verdict: faith, influence, and skepticism

To millions of Nigerians — and to his core following — Primate Ayodele remains a pastor-prophet whose warnings must be taken seriously. To others, he is a media personality whose relevance depends as much on spectacle and circulatory power as on supernatural insight. What is indisputable is his role in magnifying the religious dimension of national life: when he speaks, politicians, congregants, and newsrooms listen. That attention, in turn, helps determine which social and political questions become urgent in public debate.

Looking ahead

As Nigeria heads into another cycle of elections and economic challenges, Ayodele’s annual pronouncements will almost certainly return to the front pages. Whether they are read as sober warnings, political interventions, or performative theology, they will continue to shape conversations about destiny, leadership, and the kinds of risks a deeply religious nation believes it must prepare for.

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