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Ballots printing allegations, Superflux threatens legal action, says it’s barbaric

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Ballots printing allegations, Superflux threatens legal action, says it’s barbaric

 

 

 

A leading security printing company, Superflux Nigeria Limited, has described as barbaric and spurious, allegations that the company was contracted to print ballots papers by the Independent National Electoral Commission ( INEC) and in the process favoured certain candidates in the just concluded 2023 general elections.

 

 

 

 

It also frowned at being tagged as conduit for money laundering, siphoning COVID19 funds, saying such allegations are clearly handiworks of mischief makers and traducers who were hell bent to tarnish the reputation of the company before it’s numerous customers and that of it’s former Director, who is presently the Secretary to the Ogun State Government, Mr Tokunbo Talabi.

 

 

 

The company, averred that it’s response became necessary in the interest of the teeming members of the public who have deep trust in it’s longstanding integrity as well as it’s esteemed partners who understand the excellent reputation of the company.

According to the statement signed by the company ‘s Managing Director, Gabriel Okwonko, contrary to dangerous rumour making the rounds about being used to siphon COVID-19 funds, the company generously donated millions of naira to various beneficiaries during the pandemic, in line with the conviction on its corporate social responsibility.

The statement added that a sum of Twenty Million naira was donated to Ogun State, the transaction it said was doctored by mischief makers to look as if money was sent to the company from the state’s purse, wondering why adversaries of it’s former director would come up with such lies for the purpose of blackmail.

The statement read:”To address these absolutely false allegations, obviously being cowardly peddled by faceless fellows, we wish to state as follows:

“Our Company is extremely mindful and jealously guards the responsibility the nature of our business puts on us as a corporate entity in the interest of our esteemed customers and the general public.

“Contrary to the false and malicious allegations making the rounds, we state emphatically that our Company has NEVER and will NEVER be used as a conduit for money laundering or a vehicle for syphoning public funds or any illegitimate funds at all.

“We find the false allegation that our Company retained ballot papers in the 2023 elections for the use and benefit of a particular candidate both disturbing and astonishing; as it is totally false in all ramifications.

“For the records, our Company states categorically that it was not contracted by the Independent National Electoral Commission (INEC), (the agency in charge of electoral affairs in Nigeria with mandates to conduct elections) to print ballot papers for ANY elections during the 2023 electoral period.

“We therefore did not print any ballot paper for for Ogun state and as such the opportunity did not arise. Therefore, the false claim by the pliable section of the media that we produced extra ballot papers and fed a parallel channel is not only baseless and false, but also aimed at achieving sinister purposes.

“We state without fear of contradiction that Mr. Tokunbo Talabi, our erstwhile director resigned in June 2019 to pursue other causes of interest to him and his resignation was accepted by our Board of Directors who wished him well in his endeavors.

“We further find assertions of being used as a conduit for syphoning COVID19 Funds, a fund meant to support and rescue the world at the time of an explosive pandemic that claimed lives and brought businesses as well as daily life to a grinding halt, totally appalling, illogical, barbaric, extremely distasteful and blatantly false.

“In actual fact, our Company as a responsible corporate entity had, despite the low business tempo of the business environment, decided to support various communities and institutions in the fight against the COVID-19 pandemic. As a very humane company and being socially responsible, we have in recent past, embarked on various projects, interventions and donations. One of these is the N20 million donation to Ogun State Covid 19 Funds on April 6, 2020, which the hack writers and their collaborators found convenient to omit because of their evil intention.

“In the same vein, another two million one hundred thousand naira was donated in the same manner and for the same purpose but different beneficiary on April 9, 2020.
All donations made by us were naturally debited in our accounts but, in their mischief, the fake news peddlers presented them as collections/credits.

“We find objectionable, the intrusion into our privacy and we are resolved to ensure that the perpetrators of this heinous crime are brought to book and our legal advisers have been briefed accordingly; and surely appropriate steps will be taken against these criminals.

“Finally, we thank our customers for their continuing support and hereby warn the peddlers of malicious falsehood to desist from circulating these spurious allegations as we shall not hesitate to take legal steps in the interest of our reputation, business and integrity”.

 

Ballots printing allegations, Superflux threatens legal action, says it's barbaric

Business

BUA Group Donates Headquarters to NWDC, Boosts Tinubu’s Regional Development Agenda

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BUA Group Donates Headquarters to NWDC, Boosts Tinubu’s Regional Development Agenda

BUA Group Donates Headquarters to NWDC, Boosts Tinubu’s Regional Development Agenda

 

In a bold gesture of private-sector support for regional growth, BUA Group has officially handed over a fully equipped multipurpose building to the newly created North-West Development Commission (NWDC) to serve as its temporary headquarters in Kano State.

The handover ceremony, held at the facility on Court Road, Kano, drew prominent figures from the public and private sectors, including Commission officials, community leaders, and BUA representatives.

Speaking on behalf of the Founder and Executive Chairman of BUA Group, Abdul Samad Rabiu, his son Khalifa Abdul Samad Rabiu described the gesture as a practical show of BUA’s commitment to inclusive national development.

“At BUA, we believe inclusive development starts with providing institutions the tools to succeed,” Khalifa said. “This donation by my father is more than just bricks and mortar—it’s about laying a foundation for people-centred growth in support of President Bola Tinubu’s Renewed Hope Agenda.”

Chairman of the North-West Development Commission, Alhaji Lawal Sama’ila Abdullahi, hailed the donation as “strategic and timely,” adding that it would help the Commission hit the ground running in its mandate to accelerate infrastructure and economic growth across the North-West.

“This support from BUA is not just generous—it is strategic. It gives us the necessary momentum as we commence the Commission’s work to transform lives and unlock the immense potential of the North-West,” he said.

The donation complements an earlier ₦3 billion land parcel provided by the Kano State Government for the Commission’s permanent headquarters, underscoring a growing coalition of support for the NWDC.

With this move, BUA Group continues to champion public-private collaboration as a critical driver of sustainable development in Nigeria.

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Elite 18 global golfers honours Aare Adetola Emmanuelking with Nigeria’s first ever Noble Golfer award

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Elite 18 global golfers honours Aare Adetola Emmanuelking with Nigeria’s first ever Noble Golfer award

In a landmark celebration of sportsmanship, leadership, and vision, Aare Adetola Emmanuelking, the esteemed Chairman and Chief Executive Officer of Adron Homes and Properties, has been honored with Nigeria’s inaugural Noble Golfer Award. This prestigious accolade was conferred upon him by the renowned Elite 18 Global Golfers during a high-profile event that brought together key figures from the sports, real estate, and business sectors.

The Noble Golfer Award recognizes individuals who have shown steadfast dedication to advancing the game of golf and promoting sports culture in their communities. Aare Emmanuelking’s nomination exemplifies his exceptional commitment to enriching the golfing landscape in Nigeria, alongside his broader initiatives aimed at fostering sports development across the nation.

Aare Emmanuelking is not merely a business leader; he is a pioneer in integrating golf into modern lifestyle experiences. Currently, he is leading the ambitious development of a state-of-the-art golf course in Nigeria a monumental project that aspires to redefine leisure, tourism, and sporting excellence within the country. This golf course aims to provide a premier playing experience while also serving as a social hub for golfing enthusiasts and the community at large.

In a bid to make golf more inclusive and accessible, Aare Emmanuelking has also initiated the construction of advanced golf driving ranges in all Adron Homes Estates across Nigeria. This visionary project is designed to encourage participation in the sport among Nigerians of all ages and backgrounds, fostering wellness, recreation, and community engagement as integral parts of Adron’s residential developments.

At the award presentation, Aare Emmanuelking conveyed his heartfelt gratitude for the recognition, emphasizing his belief in the transformative power of sports as a vehicle for national development and youth empowerment. He remarked, “Golf is not just a game; it exemplifies discipline, a distinct lifestyle, and a pursuit of excellence. Through Adron Homes, we are not merely constructing houses—we are nurturing communities built on the foundations of wellness, unity, and opportunity.”

The Elite 18 Global Golfers commended Aare Emmanuelking’s innovative approach, highlighting how he effectively merges real estate advancements with world-class sports infrastructure. They acknowledged that his efforts have the potential to inspire a new generation of golfers and to position Nigeria as a premier destination for international golfing events.

As Aare Adetola Emmanuelking continues to break new ground in both the real estate and sports development arenas, receiving this award serves as a testament to his lasting influence—not only in the realms of business but also in cultivating a legacy of excellence, one fairway at a time. His contributions are poised to create lasting change, inspiring future generations and fostering a vibrant culture of sport and community in Nigeria.

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WHO IS AFRAID OF FIDELITY BANK -By Udeme Etukeyen

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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*

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