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EXPOSED!!! How Ex-President of CAN, Ayo Oritsejafor plotted to kill Buhari, sponsored Niger Delta Avengers

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oritsejafor

 

TaShawn, a wife to Bolaino Akwenuke (a warlord/close associate of Tompolo) visited Warri, Delta state, last December with intentions to do mission work in villages affected by the spills. TaShawn spent four months there and was unable to do anything due to high crime in the areas.  Recently, she speaks with Bolaino Akwenuke on the current situation in the oil-rich region, which has been constantly suffering from the attacks of the militants.  Mr Akwenuke denied that former Niger Delta warlord Chief Government Ekpemupolo, alias Tompolo, is supporting the activities of the militants. Instead, he claimed that the sponsor of the Niger Delta Avengers is Pastor Ayo Oritsejafor. Akwenuke also speaks about the role of Pastor Ayo in the Dasukigate and government of Muhammadu Buhari.  Nigerian army vs militants In life, you never know who you will meet. I say this while reflecting upon my decision to visit Nigeria last December 2015. I would have never imagined I would stumble into a man who is part of a situation that can impact so many lives in a negative or positive way depending on how this story plays out. When I arrived at the airport In Lagos last year I was escorted by the kindest man I had ever met. My travel itinerary contained plans of travel to Warri and then to visit rivers area of Delta state to help victims affected by the oil spills. We made it Warri but we never reached the rivers area due to high crime, military action and oil pipeline and facility bombings. At the time the incidents were being blamed on Tompolo; I know this because while there I became interested in Nigerian news and we would read the local papers daily. What I did not know is the extent of involvement my host played in the situation. Nor did I know that his involvement would lead to my own. Fast forwarding to today and here we are: bombings still occurring in the Delta region, Tompolo still being framed, and me assisting Akwenuke Bolaino Marho, the nice man who met me at the airport in Lagos December 2015, to tell his story of involvement; not only how he is involved but also to disclose the real culprit behind the Shell and Chevron Texaco oil facility bombings. In one of the most recent conversations that I and Bolaino have had he mentioned that tribal tension had been on the rise and if things continued than his tribe the Urhobo and the Ijaw tribe, for which Tompolo belongs to may fight each other. As I asked him why the conversation proceeded and this is what ensued:

TaShawn: So why will your tribe (Urhobo) fight the Ijaws?

Bolaino: They are trying to frame me up, I will not fold my hands and allow people kill Americans and blame it on my organization. The only thing that will solve all this is if that pastor is arrested. Ijaw and Urhobo people are killing each other more each day in the villages, and the man who is responsible for this is going out to party.

TaShawn: Who is this man you speak of?

Bolaino: The man is the devil incarnate himself. He succeeded in making the Itsekiri and Ijaw fight endlessly in Delta state many years ago. He succeeded then and he is succeeding again. This time around the death rate from a tribal war between Urhobo and Ijaw going the way it is already will be devastating. My parents’ house will be burnt to ashes and all houses in the area. As it is now, there is already a refugee crises as Ijaw people are moving out of my area in Udu which is an Urhobo community. Some are being harassed and assaulted, and Tompolo has told me that if all this should continue we will fight each other.

TaShawn :Do you want to fight Tompolo ?

Bolaino: No I do not want to fight, I want peace.

TaShawn: Have you told anyone else about this?

Bolaino: I have been telling everyone for the past few weeks how they want to give me a name that is not my own. From the FBI, CIA, to the State Department. My country, my Senator, my ministers, etc. but they are acting like imbeciles, as if they don’t know A from B. They are forcing my hands. I have called the Nigerian Army. DSS. All of them. I have called the minsters I know. They pick the call and pretend to listen, and tell me they will do something about it but all the while, things are escalating.

TaShawn: How has the situation escalated and you never mentioned the Pastor’s name?

Bolaino: His name is Ayo Oristsejafor. He is now moving his guns and weapons from his church to Urhobo communities to fuel tribal war. They plan on blowing up a Chevron facility and putting the blame on me and my movement (MFPND). That is why I had to go to the creeks this period to plan for this. I have written about this man, there are a lot of things he has done if there is a Satan that is who he is.

TaShawn: So why are you telling me and how do you expect these agencies to help?

Bolaino: I want you to expose this man. It is the only way to end this situation. There is evidence to put him in prison, but Nigerian people are scared of him, because he is a pastor. If you can help to expose him everything will be over.. the militancy in the region, etc.

TaShawn: What kind of evidence do you have and are you sure it will stick to him? Bolaino: I can tell you everything if you agree to help and are willing to listen. You will need to write all of this down.

TaShawn: Alright I will do what I can to help and am ready to listen…

Bolaino: Ok, firstly, Pastor Ayo is the chief sponsor of the militant group the Niger Delta Avengers (NDA).

TaShawn :Are you are saying that Tompolo is not the one giving the NDA orders? Bolaino: That is exactly what am saying. He (Pastor Ayo) sponsors them by giving weapons and ammunition. He gives them targets to bomb in the Niger Delta. TaShawn: Now Bolaino how can you allege that a Pastor is the sponsor of such a deadly group. What proof do you have of this allegation?

Bolaino: Yes we have very strong proof of his involvement in the bombings of the Niger Delta. But we will only show the evidence to incorruptible government lawyers and we are ready to stand in a competent court of law to defend our allegations. I assure you we have corroborative evidence against this man and the media can attest to its truthfulness. I want to discuss this evidence with men and women of the press.

TaShawn: Ok, what exact evidence do you have on the Pastor?

Bolaino: First and foremost the pastor uses his private aeroplane to ferry drugs and guns from America and other parts of Europe to Nigeria. He has been caught once by the Authorities, but the corrupt government of the former president of Nigeria swept it under the rug.

TaShawn: Why did the former president not apprehend the Pastor at that time he was caught?

Bolaino: The plane was purchased with money from the Government scams involving the Nigerian Army. At the time the pastor was helping with corrupt Government officials in Nigeria to launder money with his bank Eagle Flight Micro Finance Bank . They were stealing money meant for fighting insurgency in the North Eastern part of Nigeria. At the time Colonel Sambo Dasuki was in charge of ripping the army off from the inside, since he was in government at the time. TaShawn: Please explain more in depth how these men, Dasuki and Ayo operated inside the scandal?

Bolaino: They were supposed to buy aeroplanes, weapons, and ammunition for the Nigerian Army fighting Boko Haram, but these monies were never spent on the things that were needed to be purchased.

TaShawn: Is this a factor of why Boko Haram is still at large in Northern/ Northeast Nigeria presently?

Bolaino: Yes, as a result, Boko Haram invaded the Northeast and Nigerian army men were running away from the battle field because they were not well equipped enough and they became mutinous.

TaShawn: Is that the only evidence you have?

Bolaino: No, we have more, We have evidence that he was caught once more working with Hezbollah organisation in Nigeria. They were helping him to buy weapons in South Africa when his plane was caught with over 9 million dollars. When they questioned him as to what he intended to do with that large sum of money the response was that he wanted to buy arms and ammunition from a South African defence contraction company. After the claims were investigated they were found to be false. This lead us to believe that he was preparing for secession in Nigeria if the ruling party at the time lost. Prior to that time he and others at large had tried to assassinate Mr Muhamadu Buhari, in a twin car bomb attack in Kaduna. Fortunately, Buhari survived.

TaShawn: Bolaino how did you come to learn all this information?

Bolaino: The pastor told us in an informal gathering of warlords that period that they did it because they did not want Buhari to survive; they knew that if they allowed him to contest in the election they would loose and he would win. Afterwards, the pastor came up with the “BuhariBokoHaramOp”. See at the time he was the leader of the Christian Association of Nigeria  (CAN) so he had a cult following and he still does to this day.

TaShawn: What do you mean by “he had a cult following” and exactly how did the pastor use his following to further his agenda? Bolaino: I mean he had a mass following of pastors and their members that would do as he said with no questions asked. He started telling his pastors and their members in churches all over Nigeria that Buhari is a terrorist. That Buhari planned to Islamize Nigeria if he won.

TaShawn: Since you say “we” a lot I am assuming there are witnesses other than yourself that can attest to this information you are sharing with me today? Bolaino: Yes, we have numerous witnesses to this scandal. Myself being one of course. But Pastor Ayo and his followers did this for long, even until this day that propaganda still thrives on, hence the current disposition of my fellow warlords to Buhari. As they still honestly believe that Buhari is the sponsor of the Boko Haram. They don’t know any better otherwise. But as God would have it everything they did in trying to kill Buhari or spoil his image was in vein. At the time of the past election, it has to be mentioned that the pastor was campaigning for PDP which is the party of the former president.

TaShawn: Ok, so to back track a little you mentioned you are a warlord, but that you currently want peace; are you saying that some warlords in Nigeria are fighting for peace?

Bolaino: Yes, I am a warlord, and once again yes I and other warlords want peace to reign throughout Nigeria, as there is no reason to fight. The problem is corruption and greed. To add to my earlier information, we received word of Ayo’s involvement in the assassination attempt on Buhari in 2014 by a former Hezbollah operative we caught at sea after the act. He confessed to it before he died. That was when we started to connect the dots between him and the Hezbollah network in Delta state. After his candidate lost he sent a mole into the APC (opposing political party) in the person of Chief Ayiri Emami.

TaShawn: Who is this Chief Ayiri, what is his background and why did Pastor Ayo choose him as a mole?

Bolaino: Ayiri is known in Warri as a popular assassin and ritualist, so he was welcomed into the APC. Ayiri made sure to enter the APC two days after it was announced that his former party the PDP had lost the election. The APC being a party of Northern extraction did not fully understand the workings of the Niger Delta Politicians/ warlords. So it was from here on that the Niger Delta agitation was hijacked by Pastor Ayo and his cohorts. This is where everything started, this is where the story is today.

TaShawn: And what of Tompolo and how are you so deeply involved and knowledgable of all this information that no one else will speak of ?

Bolaino: Tompolo is a good man, a man that I owe immense gratitude to. He is the one that inspired me to join the Niger Delta struggle for resource control. He was always helping the poor and making them millionaires over night. It was strange because no one else in the region had ever done anything like it before. Although he was an outlaw when I first met him, he was given amnesty and I was not, so I began working with pastor Ayo and Ayiri.

TaShawn: Ayiri, Ayo, Tompolo and You are Warlords? Any other names I should know of that pertain to this story?

Bolaino: Ayiri is a warlord for all the Itsekiri people of Delta state. You have to also know that Pastor Ayo is also of the Itsekiri tribe, with the former Governors of the Delta state. Chief Ibori who was the first democratic governor of Delta state is half Urhobo and half Itsekiri. It was through his cousin Governor Uduaghan who is the immediate past governor of Delta state; he is also Itsekiri, and he is also the brains behind the whole NDA operation. He does the planning, strategizing etc. He is a brilliant man but he only uses his brilliance for evil. He is the evil genius behind all this and he is also the one who set Ibori up. Ibori is currently serving jail time in the UK. Ibori, his wife Nkoyo, and his sisters and lawyers are all serving time in the UK. They were all set up by the same people who are about to set me and Tompolo up. So I started working with Pastor Ayo.

TaShawn: Why is Ibori in jail?

Bolaino: There are newspaper articles to corroborate what I am saying. These things are public knowledge, well not all but some. They are deceiving the Deltans. Did you not hear of the Monseca law firm scandal? That indicted many prominent men and women of the world for tax evasion and financial crimes. Ibori is highly implicated in that scandal, as his name was released in the leaks. Google it. The British government intends on levelling new fresh charges against him.

TaShawn: Alright, now please tell me what you want the media and press to do? Especially the American press…

Bolaino: I have gone to British Media many times. They know all this but are afraid to do anything. Many people only hear my name but they do not know my face. I need to put a face to my name for the sake of peace to reign. I want you and others to take this issue very seriously, please. We want these things to be published everywhere in news in the US because what is happening now concerns them a lot. It is common knowledge that American and British companies like Shell and Texaco operate in Delta state. The Niger Delta Avengers have been blowing up Shell facilities, but they have not been blowing up much of Texaco facilities.

TaShawn: Do you know why it’s mostly the Shell facilities being bombed?

Bolaino: Good question, yes I do. Shell operates in the Ijaw part of the Delta state, namely the Shell oil exporting tank at Forcados, In Ogulagha Kingdom. While Chevron Texaco is located in the Itsekiri part of Delta state. Texaco has an oil exporting tank farm at Ugboroda in Warri Southwest Escravos of Delta state. TaShawn: Are you going to get to how this all escalates into Tribal conflict and future war?

Bolaino: Yes, that is where I am going to. You have to know that for many decades the Ijaws and Itsekiris have been fighting tribal war in the Delta state for long. The fight is usually on and off, and when they fight they burn down everywhere in Warri. The reason we moved to the area (my family and I) we are currently staying is because of the tribal fighting in that part of Warri we used to stay. They were always burning down houses and the house we were staying in Ogborikoko at the time was owned by an Ijaw man. So we were at risk of our house being burnt by the Itsekiris at any time. So after the former president lost the election and Ayiri switched into the APC just two days after his former party lost the election it was assumed that Ayiri had betrayed them at the federal government level of the PDP.

TaShawn: So who are the Urhobo/ Isoko preparing to fight presently?

Bolaino: Currently the Ijaws. Pastor Ayo is giving us all the weapons we need to fight.

TaShawn: So why aren’t you happy about this, why tell me to expose the man who is helping you?

Bolaino: He is a bad man. The reason I am angry is because he tried to kill me when I refused. If not that I am a strong man, a man of the spirits then I would be dead by now and my son would be fatherless for sure, but God Disgraced him. TaShawn: Why are they fighting?

Bolaino: They are fighting because the pastor set us up to fight and gave the order.

TaShawn: So in Nigeria, one must fight when a Pastor gives the order because he is a warlord who hands them out weapons ?

Bolaino: Yes Jesus is God in Nigeria, anything church if you oppose it they will kill you. Do you know how many thousands of people pastors have killed in Delta State? You don’t. They sent people to my house. My father and mother have relocated to other regions. Right now he is distributing Guns out to people under his boy Ayiri and others at large. He is the one (The pastor Ayo) who told the King of Aladja and Urhobo Community that God revealed to him that if he does not tell his fellow Urhobo Kings to drive out Ijaws from Urhobo land that the Ijaws will take over all of Urhobo land in the next year 2017 with the Biafrans. The Biafrans have vowed to tear Nigeria apart by January next year to fulfil America’s prediction of Nigeria breaking into pieces in 2017.

TaShawn: Do you know why he (Pastor Ayo) is doing all this?

Bolaino: He is doing all this to escape prison. Many of the people he shared federal government money with meant to fight Boko Haram, are currently in prison. They are mentioning his name in statements, and soon he will be indicted. So he is doing this in order to escape being arrested. This is what he told me before trying to kill me. He tried to kill me in his church, this is where we hold meetings and that is also where he stores the weapons for the NDA. Tompolo and I were preparing to submit all our weapons to the government, but our hands are being forced to fight one another; if this pastor is caught the bloodshed will cease.
SOURCE : Naij.com

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Recapitalisation Without Transformation is a Risk Nigeria Cannot Afford

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Recapitalisation Without Transformation is a Risk Nigeria Cannot Afford

BY BLAISE UDUNZE

 

 

In barely two weeks, Nigeria’s banking sector will once again be at a historic turning point. As the deadline for the latest recapitalisation exercise approaches on March 31, 2026, with no fewer than 31 banks having met the new capital rule, leaving out two that are reportedly awaiting verification. As exercise progresses and draws to an end, policymakers are optimistic that stronger banks will anchor financial stability and support the country’s ambition of building a $1 trillion economy.

 

https://www.stanbicibtcbank.com/nigeriabank/personal/products-and-services/all-loans/stanbic-ibtc-mreif-home-loans

 

The reform, driven by the Central Bank of Nigeria (CBN) under Governor Olayemi Cardoso, requires banks to significantly raise their capital thresholds, which are set at N500 billion for international banks, N200 billion for national banks, and N50 billion for regional lenders. According to the apex bank, 33 banks have already tapped the capital market through rights issues and public offerings; collectively, the total verified and approved capital raised by the banks amounts to N4.05 trillion.

 

 

 

No doubt, at first glance, the strategy definitely appears straightforward with the idea that bigger capital means stronger banks, and stronger banks should finance economic growth. But history offers a cautionary reminder that capital alone does not guarantee resilience, as it would be recalled that Nigeria has travelled this road before.

 

 

 

During the 2004-2005 consolidation led by former CBN Governor Charles Soludo, the number of banks in the country shrank dramatically from 89 to 25. The reform created larger institutions that were celebrated as national champions. The truth is that Nigeria has been here before because, despite all said and done, barely five years later, the banking system plunged into crisis, forcing regulatory intervention, bailouts, and the creation of the Asset Management Corporation of Nigeria (AMCON) to absorb toxic assets.

 

 

 

The lesson from that experience is simple in the sense that recapitalisation without structural reform only postpones deeper problems.

 

 

 

Today, as banks race to meet the new capital thresholds, the real question is not how much capital has been raised but whether the reform will transform the fundamentals of Nigerian banking. The underlying fact is that if the exercise merely inflates balance sheets without addressing deeper vulnerabilities, Nigeria risks repeating a familiar cycle of apparent stability followed by systemic stress, as the resultant effect will be distressed banks less capable of bringing the economy out of the woods.

 

 

 

The real measure of success is far simpler. That is to say, stronger banks must stimulate economic productivity, stabilise the financial system, and expand access to credit for businesses and households. Anything less will amount to a missed opportunity.

 

 

 

One of the most critical issues surrounding the recapitalisation drive is the quality of the capital being raised.

 

 

 

Nigeria’s banking sector has reportedly secured more than N4.5 trillion in new capital commitments across different categories of banks. No doubt, on paper, these numbers may appear impressive. Going by the trends of events in Nigeria’s economy, numbers alone can be deceptive.

 

 

 

Past recapitalisation cycles revealed troubling practices, whereby funds raised through related-party transactions, borrowed money disguised as equity, or complex financial arrangements that recycled risks back into the banking system. If such practices resurface, recapitalisation becomes little more than an accounting exercise.

 

 

 

To avert a repeat of failure, the CBN must therefore ensure that every naira raised represents genuine, loss-absorbing capital. Transparency around capital sources, ownership structures, and funding arrangements must be non-negotiable. Without credible capital, balance sheet strength becomes an illusion that will make every recapitalization exercise futile.

 

 

 

In financial systems, credibility is itself a form of capital. If there is one recurring factor behind banking crises in Nigeria, it is corporate governance failure.

 

Many past collapses were not triggered by global shocks but by insider lending, weak board oversight, excessive executive power, and poor risk culture. Recapitalisation provides regulators with a rare opportunity to reset governance standards across the industry.

 

 

 

Boards must be independent not only in structure but also in substance. Risk committees must be empowered to challenge executive decisions. Insider lending rules must be enforced without compromise because, over the years, they have proven to be an anathema against the stability of the financial sector. The stakes are high.

 

When governance fails, fresh capital can quickly become fresh fuel for old excesses. Without governance reform, recapitalisation risks reinforcing the very weaknesses it seeks to eliminate.

 

 

 

 

 

Another structural vulnerability lies in Nigeria’s increasing amount of non-performing loans (NPLs), which recently caused the CBN to raise concerns, as Nigeria experiences a rise in bad loans threatening banking stability.

 

 

 

Industry data suggests that the banking sector’s NPL ratio has climbed above the prudential benchmark of 5 percent, reaching roughly 7 percent in recent assessments. Many of these troubled loans are concentrated in sectors such as oil and gas, power, and government-linked infrastructure projects, alongside other factors such as FX instability, high interest rates, and the withdrawal of Covid-era forbearance, which threaten bank stability.

 

While regulatory forbearance has helped maintain short-term stability, it has also obscured deeper asset-quality concerns. A credible recapitalisation process must confront this reality directly.

 

 

 

Loan classification standards must reflect economic truth rather than regulatory convenience. Banks should not carry impaired assets indefinitely while presenting healthy balance sheets to investors and depositors.

 

Transparency about asset quality strengthens trust. Concealment destroys it. Few forces have disrupted Nigerian bank balance sheets in recent years as severely as exchange-rate volatility.

 

Many banks still operate with significant foreign exchange mismatches, borrowing short-term in foreign currencies while lending long-term to clients earning revenues in naira. When the naira depreciates sharply, these mismatches can erode capital faster than any credit loss.

 

 

 

Recapitalisation must therefore be accompanied by stricter supervision of foreign exchange exposure, as this part calls for the regulator to heighten its supervision. Banks should be required to disclose currency risks more transparently and undergo rigorous stress testing at intervals that assume adverse currency scenarios rather than best-case outcomes. In a structurally import-dependent economy, ignoring FX risk is no longer an option.

 

 

 

Nigeria’s banking system has long been characterised by excessive concentration in a few sectors and corporate clients, which calls for adequate monitoring and the need to be addressed quickly for the recapitalization drive to yield maximum results.

 

 

 

Growth in most advanced economies comes from the small and medium-sized enterprises that are well-funded. Anything short of this undermines it, since the concentration of huge loans to large oil and gas companies, government-related entities, and major conglomerates absorbs a disproportionate share of bank lending. This has continued to pose a major threat to the system, as the case is with small and medium-sized enterprises, the backbone of job creation, which remain chronically underfinanced. This imbalance weakens the economy.

 

 

 

Recapitalisation should therefore be tied to policies that encourage credit diversification and risk-sharing mechanisms that allow banks to lend more confidently to productive sectors such as agriculture, manufacturing, and technology rather than investing their funds into the government’s securities. Bigger banks that remain narrowly exposed do not strengthen the economy. They amplify its fragilities.

 

 

 

Nigeria’s macroeconomic conditions, which are its broad economic settings, are defined by frequent and sometimes sharp changes or instability rather than stability.

 

Inflation shocks, interest-rate swings, fiscal pressures, and currency adjustments are not rare disruptions; but they have now become a normal part of the economic environment. Despite all these adverse factors, many banks still operate risk models that assume relative stability. Perhaps unbeknownst to the stakeholders, this disconnect is dangerous.

 

 

 

Owing to possible shocks, and when banks increase their capital (recapitalization), it is required that banks adopt more sophisticated risk-management frameworks capable of withstanding severe economic scenarios, with the expectation that stronger banks should also have stronger systems to manage risks and survive economic crises. In Nigeria today, every financial institution’s stress testing must be performed in the face of the economy facing severe shocks like currency depreciation, sovereign debt pressures, and sudden interest-rate spikes.

 

 

 

Risk management should evolve from a compliance obligation into a strategic discipline embedded in every lending decision.

 

Public confidence in the banking system depends heavily on credible financial reporting.

 

Investors, analysts, and depositors need to be able to understand banks’ true financial positions without navigating non-transparent disclosures or creative accounting practices, which means the industry must be liberated to an extent that gives room for access to information.

 

 

 

Recapitalisation provides an opportunity to strengthen the enforcement of international financial reporting standards, enhance audit quality, and require clearer disclosure of capital adequacy, asset quality, and related-party transactions. Transparency should not be feared. It is the foundation of trust.

 

One thing that must be corrected is that while recapitalisation often focuses on financial metrics, the banking sector ultimately runs on human capital.

 

Another fearful aspect of this exercise for the economy is that consolidation and mergers triggered by the reform could lead to workforce disruptions if not carefully managed. Job losses, casualisation, and declining staff morale can weaken institutional culture and productivity. Strong banks are built by strong people.

 

If recapitalisation strengthens balance sheets while destabilising the workforce that powers the system, the reform risks undermining its own economic objectives. Human capital stability must therefore form part of the broader reform strategy.

 

 

 

Doubtless, another emerging shift in Nigeria’s financial landscape is the rise of digital financial platforms that are increasingly changing how people access and use money in Nigeria.

 

Millions of Nigerians are increasingly relying on fintech platforms for payments, microloans, and everyday financial transactions. One of the advantages it offers, is that these services often deliver faster and more user-friendly experiences than traditional banks. While innovation is welcome, it raises important questions about the future structure of financial intermediation.

 

 

 

The point here is that the moment traditional banks retreat from retail banking while fintech platforms dominate customer interactions, systemic liquidity and regulatory oversight could become fragmented.

 

 

 

The CBN must see to it that the recapitalised banks must therefore invest aggressively in digital infrastructure, cybersecurity, and customer experience, while cutting down costs on all less critical areas in the industry.

 

Nigerians should feel the benefits of recapitalisation not only in stronger balance sheets but also in faster apps, reliable payment systems, and responsive customer service.

 

As banks grow larger through recapitalisation and consolidation, a new challenge emerges via systemic concentration.

 

Nigeria’s largest banks already control a significant share of industry assets. Further consolidation could deepen the divide between dominant institutions and smaller players. This creates the risk of “too-big-to-fail” banks whose collapse could threaten the entire financial system.

 

 

 

To address this risk, regulators must strengthen resolution frameworks that allow distressed banks to fail without triggering systemic panic, their collapse does not damage the whole financial system, and do not require taxpayer-funded bailouts to forestall similar mistakes that occurred with the liquidation of Heritage Bank. Market discipline depends on credible failure mechanisms.

 

 

 

It must be understood that Nigeria’s banking recapitalisation is not merely a financial exercise or, better still, increasing banks’ capital. It is a rare opportunity to rebuild trust, strengthen governance, and reposition the financial system as a true engine of economic development.

 

One fact is that if the reform focuses only on capital numbers, the country risks repeating a familiar pattern of churning out impressive balance sheets followed by another cycle of crisis.

 

But the actors in this exercise must ensure that the recapitalisation addresses governance failures, asset quality concerns, risk management weaknesses, and transparency gaps; and the moment this is done, the banking sector could emerge stronger and more resilient.

 

 

 

Nigeria does not simply need bigger banks. It needs better banks, institutions capable of financing innovation, supporting entrepreneurs, and building economic opportunity for millions of citizens.

 

 

 

The true capital of any banking system is not just money. It is trust. And whether this recapitalisation ultimately succeeds will depend on whether Nigerians see that trust reflected not only in financial statements but in the everyday experience of saving, borrowing, and investing in the economy. Only then will bigger banks translate into a stronger nation.

 

 

 

Blaise, a journalist and PR professional, writes from Lagos and can be reached via: [email protected]

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FirstBank Makes Home Ownership Possible for Nigerians with Single-Digit Interest Rate Loan

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FirstBank Makes Home Ownership Possible for Nigerians with Single-Digit Interest Rate Loan

For millions of Nigerians, homeownership has long felt like an ambition deferred. Squeezed by rising property prices, persistent double-digit inflation and high commercial lending rates, the dream of owning a home has remained just that – a dream.

But that narrative is quietly changing. Thanks to FirstBank.

The N1 Trillion Intervention Reshaping Access

In partnership with the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF), FirstBank has unveiled a mortgage opportunity that could redefine access to housing finance in Nigeria.

Backed by the Federal Government’s N1trillion mortgage fund, the initiative is designed to empower Nigerians with affordable, long-term credit to own their homes.

9.75% Interest Rate in a 30% Lending Environment

MREIF is priced at 9.75% per annum, dramatically lower than prevailing commercial loan rates. Eligible Nigerians can access up to N100 million and repay within 20 years. This translates into significantly more manageable monthly repayments and greater long-term financial stability.

Built for Salary Earners, Entrepreneurs and the Diaspora

The MREIF mortgage facility has been structured to be inclusive. It is available to salary account holders, business owners and diaspora customers. Whether you are a young professional aiming to exit the rent cycle, an entrepreneur building generational stability, or you’re a Nigerian abroad looking to secure assets locally, the product opens a pathway that has historically been out of reach for many.

 

Taking the First Step

For those who have been waiting for the right time, this is definitely it. The question is no longer whether homeownership is possible. The real question is: will you act before the window narrows?

Visit https://www.firstbanknigeria.com/personal/loans/mreif-home-loan/ and in no time you could be the latest homeowner in town.

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Alpha Morgan Bank Deepens Presence in Abuja with New Branch in Utako

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Alpha Morgan Bank Deepens Presence in Abuja with New Branch in Utako

 

Marking another milestone in its expansion drive, Alpha Morgan Bank has opened a new branch in Utako, Abuja, reinforcing its strategy of building closer institutional ties within key business communities and bringing its financial expertise closer to individuals, and enterprises driving the city’s growth.

 

 

The new branch, located at Plot 1121 Obafemi Awolowo Way, Utako, Abuja is strategically positioned to serve individuals, entrepreneurs, and corporate clients within Utako and surrounding districts.

 

 

The expansion follows the Bank’s recently concluded Economic Review Webinar held in February 2026, as the bank continues to position as a thought-leader in the financial services industry.

 

 

Speaking on the opening, Ade Buraimo, Managing Director of Alpha Morgan Bank, said the move underscores the Bank’s commitment to accessibility and service excellence.

 

 

“Proximity matters in banking. As communities grow and commercial activity expands, financial institutions also evolve to meet customers where they are. The Utako Branch allows us to deliver our services to people in that community efficiently while maintaining the high standards our customers expect,”

 

 

The Utako location will provide a full suite of retail and corporate banking services, including account opening, deposits, transfers, business banking solutions, and financial advisory support.

 

 

Customers and members of the public are invited to visit the new Utako Branch to experience the Bank’s approach to satisfying banking.

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