Business
EXPLOSIVE!!! ‘ I’m pregnant for TeeBillz, He has never spent anything on Our son’ – Tiwa Savage cries out
Tiwa Savage’s marriage to Ex-manager, Teebillz has finally hit the rock, as confirmed by the songstress herself over issues ranging from insecurity, debt, drugs, many more. In an interview with Pulse TV, she made some touching statements and narrated her ordeals in the hands of her estranged husband.
Excerpts below:
With the recent outburst of your husband on Instagram, why are you just about to respond to the allegations?
The honest truth is I was in my bedroom when my friend walked into the room with a couple of other people and woke me up; and basically just started narrating what had happened. When someone wakes you up from sleep you… The honest truth, my first thought was I thought maybe they found him dead.
When they said they didn’t know where he was, my thought was, and everybody’s thought was, we need to find him. He’s suicidal, we need to find him, we need to make sure he’s alive and he’s well. So, my initial thought was not… I didn’t even know what he had said. It was just ‘Let’s find him, let’s make sure that he’s okay and he’s alive’. So I couldn’t respond to anything because I didn’t even know the extent of what he had said till much later. Someone actually took my phone away from me. They didn’t want me to see what was said online. I was just scared for his life. I was just panicking.
At what point did you find out that he was okay and that nothing is wrong with him?
At about 10-11, we got a call. We were in my bedroom – Banky’s mum came and she was praying, we were all praying. I know that his family in LA were praying as well. About 10-11am, we got the call that he’s been found on Lekki bridge and at least he was safe. He was, I believe in Banky’s house, and he was okay.
I remember very well 2 years ago we were all in Dubai for your wedding ceremony and yesterday was supposed to be you anniversary. I saw on Instagram you posted videos of you guys celebrating your new single which was trending yesterday, TJ wasn’t there. At what point did all these events started?
My marriage and relationship has been very public and at one point I decided that I didn’t want to make it public anymore so I’m always nervous when it comes to his birthday because if I post, they read meaning to it. If I don’t then they’ll say we’ve broken up or there is a problem in our relationship.
In this case I knew the anniversary was coming and I was either going to post or not, but the honest truth is that for the past two months, TJ and I have not been together. And it was something that we were trying to work through but for me I knew that this marriage wasn’t going to work. It’s been like that for the past two months, I didn’t know if I should post and keep up appearances or if I should face reality.
Did he try to contact you on your anniversary?
I haven’t spoken to TJ in about a week now, he had left the house. We were supposed to get some documents for my son, his passport actually. So I was calling TJ on Sunday night because the interview was on Monday and he had booked the interview for Jam Jam online, so I wanted to know the time and other details but he was reading the messages and he wasn’t responding.
I remember I sent a message that reads, ‘TJ please let’s at least be friends and good parents to Jamil and whatever is going on between us please let’s do this for Jamil’, but he still didn’t respond, so I left it and I know one day we’ll apply for his passport.
At what point did you realize the marriage won’t work?
I have covered up for a lot of hurt in our relationship. I was in Jamaica recently and just before I went to Jamaica, I found out that I was pregnant again. We both discussed it and tried to figure out how to manage the situation, because it was another baby so soon. So I went to London and got on a 10-hour flight to Jamaica to shoot a video with Busy Signal.
But on the morning we were supposed to shoot the video, while I was doing my make-up, I started bleeding uncontrollably, so I started panicking and I called TJ. I took pictures and sent it to him, they rushed me to the hospital, I had complications but I still couldn’t reach him, so Thompson who was with me, had to help me sign all the documents in the hospital.
So I got discharged from the hospital and still tried to call TJ to let him know what happened because he didn’t call to see how I was or know what happened.
I got back to Nigeria and while we were sleeping, his phone was going off and it was middle of the night and I kept on seeing the name calling him ‘Edible Catering’. And it didn’t make sense because why would a catering company be calling my husband at that time of the night and yes as a woman, I picked up his phone and I went through his phone got into his Whatsapp and there’s this long conversation with this same ‘Edible’ number.
And I’m seeing stuff like ‘Can we meet at the hotel tonight’, ‘Do you live alone’, and ‘Is it ok if I come by’. The last message I saw was, ‘I had to leave at 7am today because you were still sleeping’. Then he responded saying, ‘Yea because you knocked me out last night, it was a great night’.
So obviously I woke him up and was like what’s going on, and he said to me, it’s not what I think. Then I asked if all these happened on our bed, then he said no it was at a hotel but nothing happened that they were just chilling.
The thing that hurt me the most was that this happened while I was in Jamaica in a hospital and I was sending him pictures but he didn’t bother to respond because he was chilling with another woman in a hotel room.
At that point, I packed my stuff, I took my son and I went to my friend’s house, her name is Tiwa as well, I stayed the night there and she asked me one question, ‘What’s the next step?’. And I said to her, ‘I’m done’.
Has he been cheating on you before now?
I don’t think we have enough time to cover that, I don’t even know where to start or which one to say first. I’ve covered up for so long because I wanted people to believe this story that TJ is the head of the house, he’s the one that takes care of me, a loving husband, I wanted people to believe that and I wanted him to feel like a man, so I covered up so many times.
Since my son has been born, TJ has not spent one naira. I paid for the hospital bills, I paid for his flight to come to London, I paid for the apartment we stayed for two months, the clothes, the nursery, the grocery. Even when we were in London we didn’t just go shopping for my son, we shopped for TJ as well so that when we come back to Nigeria he’ll have new things because his excuse most times is, ‘I don’t have money, I don’t have money…’
So I try to pay for everything because I have to pay for everything, otherwise where would we be? So at least he can go out to hustle or focus on the contracts he’s looking for. And he’ll still tell me he doesn’t have money to buy diapers but he has money to get haircut twice a week, he has money to do laundry, he has money to take women to hotel rooms.
Is it possible that you do everything for him but still don’t respect him as a husband?
That’s a lie! I’m not going to sit here and lie to you that every time I come home I cook… and I’m not going to make excuses and say it’s because of my career that’s why I’m busy. I’m the same person that works and puts money in the house, I’m the same person that works long hours to make sure we have a roof over our heads. I come home late most times and very tired, sometimes I’m out of the country. There’s no time that I come downstairs to make something to eat and I don’t make for TJ and because I know what my schedule is, I had to hire a cook and I don’t think there’s anything wrong in that. Most times he leaves home and doesn’t come back till 7am at times 2pm the following day, so how am I supposed to cook for someone that’s not in the house?
You come back drunk, angry; we were living on eggshells because we never know what mood he’ll be in. At times I even pray that he’s with another woman, so that way I know he’s still alive and has not gotten drunk in an accident or something else.
When you sacked him as your manager, what job did he start doing?
I’ll never discredit or take away the fact that TJ hustled for me; I’ll never deny that he worked hard for me or that he believed in me. But the first time I realized there was foul play was a time when he booked me for a wedding in London and our company policy is that you don’t go for a show till you’ve been fully paid. So I got to London already and I called the accountant to confirm if payment has been made and she was like they still haven’t paid o, so I called TJ again and said these people haven’t paid and he said ‘no its fine, just go, just go and perform don’t worry everything is fine’.
Fortunately for me, I know one of the organizers, I pulled him aside and was like, ‘bros what’s going on, why haven’t you guys paid’, and he was like, ‘what are you talking about, we’ve paid about four months ago’ and we tried to confirm and realized they paid into TJ’s personal account and not company account. Then the other thing was TJ would declare that they paid N3m meanwhile they paid N4.5m, and out of the N3M he’s still receiving his management fee of 40%. So you are basically stealing from your wife and he doesn’t feel anything. So I had to perform at the wedding for free because TJ had already squandered the money.
He also accused your mum of ‘witchcraft’?
My mum is based in the UK and when I had Jamil she moved back to Nigeria with us. If anyone has ever met my mother, she’s not like that. She’s a sweet lady, she’s very British so she doesn’t hang up on traditions and she doesn’t judge. Infact a lot of times my mum will say to me, ‘Tiwa you are the wife, be patient, don’t shout, don’t curse, a woman builds the home.’
Whenever we have issues, TJ always runs to tell my mum and she always calms him down so she’s been nothing but a great support for me. So I’ll love for him to tell me if there’s something that my mother has done because I have no idea.
How about his allegations that you slept with Don Jazzy, Dr Sid and 2face?
I would say for the record, I have never cheated on my husband. Not with Don Jazzy, not with Dr Sid, not with 2face or anybody, and I’m willing to take a lie detector test for that. And he knows it in his heart.
(Crying) this really hurts. I’m not going to pretend like I’ve not read comments and what people are saying about me, it hurts. And it’s not true.
So what do you think drove him to attempt suicide?
I know that for any human being, when your finances are not straight, you’ll be depressed and be bothered. So I know that for a while, since he stopped working for me as my manager, he’s been struggling financially, but that wasn’t my fault. I loved when we were working together and everybody loved us, but he messed up by starting to steal from me and being fraudulent, so I had no choice. I wanted to save my marriage by separating the business from the home, but TJ loves to keep up with the life, he wants to live a life that’s not true without a steady income. He went to buy a car that he knew he couldn’t afford, and I ended up paying the balance of about N3M and he says I took away his manhood because he doesn’t want people to know am the breadwinner.
As a woman I want him to be the breadwinner too, and that’s why I put the balance of the car in his account so they’ll think it’s coming from him and not me.
He also went to buy a Rolex watch and he still couldn’t pay up the balance and so they called me and because I don’t want it to get out in the press (people have threatened me with that before) so I always find a way to put the money in his account so he can pay off the debt.
He keeps on putting us in debt all the time. He goes out to the clubs with women, spend money on drinks, leaves without paying and the club owner would call me and I’ll end up going to pay.
The last one that happened that I think really triggered this whole thing was that he went to borrow N45m from someone and he’s lost the money. I just found out. I was in the studio recording and got a call that EFCC is investigating that TJ is in big trouble that people may hurt him. So in my frantic move to try and suppress the situation no one could help raise the N45m he went to borrow.
Or should we talk about the fact that I walked in on him taking cocaine in my house when we were still leaving in 1004 then. It was just after we got married and I didn’t even know he does cocaine, only to walk into the kitchen and saw him snuffing. I screamed TJ!!! And he quickly hid it and he started screaming at me! So the first thing I did was call his parents. So I’m dealing with alcohol problems, the fact that you come home late, infidelity, cocaine, debts, and a husband that’s jealous of his wife’s success.
Didn’t you see these coming before you got married?
It’s a combination of everything; I didn’t know about the cocaine, I didn’t know about his third child in Nigeria apart from the two abroad that he tells everyone. I won’t say I didn’t see signs, even a lot of people warned me about the type of person TJ is, but I made a mistake and I’m not ashamed to say it at this point.
Now that I’ve made a mistake, do I want to wait 10 years or 15 years? If you are not happy you can leave and I was scared will I ever find somebody, will I ever find happiness, will I ever find someone else to marry me?
I don’t care at this point if I never get married again. All I care about now is being happy for Jamil. I care about being strong; I care about not walking on eggshells.
And you know what?
I do want a man that works, that can help me financially. Not saying he has to be a millionaire or billionaire, but somebody that can help or at least not put me in more debt.
Has he ever physically assaulted you?
No, and I’ll never play that victim card. But it was a mentally abusive relationship because all I hear everyday is how he made me, how he did this and that for me, I created you, I took you from nothing. He didn’t find me in a dustbin.
What’s the status of the marriage now?
It’s finally over. It’s been over for a while and I’ve covered up for a while. I think what happened is God sent because he’s made it easy for me to walk away because of what he did on social media because he got so many people angry, he called so many innocent names, he dragged many people including his own family. So if I was to consider to make it work a lot of people will warn me that if it happens again I can’t come back crying. So he’s made it easy for me to finally walk away.
I’ll never stop him from seeing Jamil, never! But the only thing I’ll promise myself is to bring up my son to be a good man.
Till now I don’t wish anything bad on him, even when he was abusing me. First I was and still I’m concerned about him because I’m worried he might see this interview and trigger something else or lead him to do something bad but I don’t wish that for him.
Tonight I’m still going to pray for him. If I didn’t care about him or his well-being, I won’t have covered up for him for this long and even now I’m still helping him find a way out from his debt.
But if there’s anything that I’ve overlooked to Tunji, I’m absolutely sorry. If have done anything wrong to neglect you or not make you feel like a man, Tunji I’m sorry and you know I tried everything, you know I love you so much and I’m sorry. I never wanted to divorce and I never wanted it to come to this and I want him to get better. I’m not just saying it for the camera but I’ll always pray for him!
Bank
Fidelity Bank grows gross earnings by 38% to N434.95b in Q1
Fidelity Bank grows gross earnings by 38% to N434.95b in Q1
Fidelity Bank Plc recorded 37.9 per cent growth in gross earnings to N434.95 billion in first quarter 2026 as the international commercial bank continued to expand its core banking market share.
Interim report and accounts of Fidelity Bank for the three months ended March 31, 2026 released at the Nigerian Exchange (NGX) showed that gross earnings rose from N315.42 billion in first quarter 20025 to N434.95 billion in first quarter 2026, representing an increase of 37.9 per cent.
The top-line performance was driven by impressive growth in the bank’s core business operations with interest incomes rising by 22.8 per cent to N314.48 billion in first quarter 2026 as against N256.10 billion in first quarter 2025.
With net interest income at N180.97 billion, the bank closed the period with profit before tax of N92.48 billion. After taxes, net profit stood at N74.47 billion for the three-month period. Earnings per share remained high at N5.69, underlining the capacity of the bank to reward its shareholders.
The balance sheet of the bank also emerged stronger. Total assets crossed the N11 trillion mark to N11.35 trillion by March 2026 compared with N10.46 trillion recorded in December 2025. Customers’ deposits increased from N6.89 trillion to N7.38 trillion. Total equity rode on the back of earnings growth to a 27.5 per cent increase from N1.09 trillion in December 2025 to N1.39 trillion by March 2026.
The first quarter 2026 results further consolidated the strong earnings outlook of the bank, which had successfully completed its recapitalisation amidst impressive earnings performance in 2025.
Fidelity Bank had recorded double-digit growths in interest and non-interest incomes as well as key balance sheet items during the year ended December 31, 2025.
The audited report showed that gross earnings rose from N1.04 trillion in 2024 to N1.52 trillion in 2025, an increase of 45.6 per cent. Interest and similar incomes had grown by 38.7 per cent from N803.1 billion in 2024 to N1.11 trillion in 2025. Fees and commission incomes also rose by 44.7 per cent from N78.4 billion to N113.4 billion. The bank recorded net profit after tax of N242.4 billion in 2025.
The bank’s balance sheet emerged stronger with total assets rising by 18.6 per cent to N10.46 trillion in 2025 as against N8.82 trillion in 2024. Customer deposits increased by 16.1 per cent from N5.94 trillion to N6.89 trillion, reflecting continued franchise strength and an improved funding profile. Net loans and advances meanwhile declined by 2.4 per cent to N4.28 trillion in 2025 as against N4.39 trillion in 2024, attributable to customers paying down on their mature obligations.
The bank had in 2025 strengthened its capital position, with eligible capital rising to N561 billion, above the regulatory minimum of N500 billion for banks with international authorisation. In addition, capital adequacy had remained robust, with Capital Adequacy Ratio of 30.94 per cent by December 2025 as against 23.47 per cent by December 2024.
Managing Director, Fidelity Bank Plc, Dr. Nneka Onyeali-Ikpe, said the first quarter 2026 results reinforced the bank’s strong and resilient business model.
She noted that with the remarkable success of its recapitalisation programme and continuing expansion, Fidelity Bank has entered a new era of growth and impressive returns.
“We are on a stronger footing and confident that we will set new growth records that are reflective of our legacy and the future we are working on,” Onyeali-Ikpe said.
Business
Dangote Refinery Ends Nigeria’s Era of Fuel Import Dependence, Boosts GDP, FX Earnings — EIU
Dangote Refinery Ends Nigeria’s Era of Fuel Import Dependence, Boosts GDP, FX Earnings — EIU
The operational ramp up of the 650,000 barrels per day Dangote Petroleum Refinery & Petrochemicals is fundamentally reshaping Nigeria’s downstream oil sector, significantly reducing the country’s dependence on imported refined petroleum products and strengthening its external position, according to the Economist Intelligence Unit (EIU).
In its latest assessment on Nigeria’s fuel market and regulatory environment, the EIU said the refinery has already transformed a sector that was previously characterised by heavy reliance on imported fuel despite Nigeria being Africa’s largest crude oil producer. The report noted that the refinery met nearly 80 per cent of domestic petrol demand in April and produced enough volumes to satisfy local consumption requirements as operations approached full capacity.
The EIU described Nigeria’s downstream petroleum sector before the refinery as “long dysfunctional”, noting that the country had remained almost entirely dependent on costly imported fuel while producing nearly 1.5 million barrels of crude oil daily.
According to the report, the emergence of the refinery has reduced import dependence, improved domestic fuel availability and strengthened Nigeria’s balance of payments position through lower import demand and rising exports of refined petroleum products.
“The gradual ramp up of the 650,000 barrel/day Dangote refinery since May 2023 has transformed Nigeria’s long dysfunctional downstream sector,” the report stated. “The country’s main refineries, all state owned, had been inoperative for years and Nigeria was almost entirely reliant on costly imported fuel.”
The research and analysis division of The Economist Group, London added that the refinery’s attainment of full operational capacity and its planned expansion would further support Nigeria’s economic growth and foreign exchange earnings over the medium term.
“Meanwhile, the attainment of full capacity at, and an increase in exports from, the Dangote refinery will support real GDP growth and foreign exchange earnings in 2026 and 2027 and beyond, as a planned doubling of the plant’s output comes on stream around the end of the decade,” it added.
Industry analysts said the refinery is increasingly positioning Nigeria as an emerging refining and export hub, altering energy trade flows across Africa and reducing the vulnerability associated with fuel import dependence.
The EIU noted that the refinery’s expansion has coincided with major reforms in Nigeria’s downstream sector, including the removal of fuel subsidies and the introduction of market driven pricing mechanisms.
The report, however, said the transition from a state dominated fuel import structure to large scale domestic refining has triggered resistance from interests linked to the old import regime.
The latest tensions emerged following the decision by the Nigerian Midstream and Downstream Petroleum Regulatory Authority to relax restrictions on petrol imports despite the refinery’s growing capacity to meet domestic demand.
Dangote Industries subsequently initiated legal action, arguing that continued import approvals undermine domestic refining investments and conflict with the objectives of the Petroleum Industry Act, which seeks to encourage local refining capacity and reduce import dependence.
Analysts noted that the availability of large-scale domestic refining capacity has improved Nigeria’s energy security and reduced exposure to external supply shocks and foreign exchange volatility.
The Centre for the Promotion of Private Enterprise also cautioned against unrestrained importation of petroleum products, warning that such a policy could weaken Nigeria’s industrialisation drive and discourage investments in domestic refining.
Chief Executive Officer of CPPE, Muda Yusuf, said continued dependence on imported fuel had historically contributed to pressure on foreign reserves, exchange rate instability and fiscal leakages.
The refinery’s growing impact is also being reflected in Nigeria’s broader macroeconomic indicators. Earlier this month, S&P Global Ratings cited increased domestic refining capacity and rising hydrocarbon exports among the major factors supporting Nigeria’s sovereign credit rating upgrade – the first in 14 years.
Beyond Nigeria, analysts said the refinery is increasingly being viewed as a strategic industrial asset for Africa, where many countries remain heavily dependent on imported fuel despite rising demand for transportation, manufacturing, and power generation.
Business
BREAKING: Court Dismisses $19.6 Million Claim Against NNPCL — Rules Contract Scope Cannot Be Changed Orally
BREAKING: Court Dismisses $19.6 Million Claim Against NNPCL — Rules Contract Scope Cannot Be Changed Orally
In a landmark ruling on Friday, May 22, 2026, the Federal Capital Territory High Court in Abuja threw out a $19.6 million lawsuit filed by Alternate Dimensions Ventures Ltd against the Nigerian National Petroleum Company Limited (NNPCL), affirming a key legal principle: a written contract cannot be expanded through oral agreements or conduct.
Alternate Dimensions had sought $19,600,000 in professional fees, claiming the scope of its Direct Sale, Direct Purchase (DSDP e-pro) contract with NNPCL was orally expanded. Represented by counsel Patrick Peter, the firm argued it was entitled to the revised sum for services rendered under the alleged new terms.
But NNPCL, through its lawyer Ituah Imhanze of KENNA LP, pushed back sharply, arguing that parties are bound exclusively by the clear terms of their written agreement. Imhanze contended that without any written amendment, the claim was legally unsound, and the court agreed.
Delivering judgment, Justice Hamza Mu’azu upheld NNPCL’s defense, stating that the contract was unambiguous and that no evidence was adduced during the trial, which supported the alleged scope expansion. The court further found that NNPCL fully complied with all contractual terms and committed no breach.
Dismissing the suit as meritless, Justice Mu’azu reinforced the doctrine of sanctity of contract: any amendment to a written agreement must be express, unequivocal, and documented, not implied or verbal.
The ruling spares NNPCL from the S19.6 million claim and also a floodgate of similar potential liabilities.
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