Business

FATHERLAND CORPORATION LAUNCHES $5M PRIVATE PLACEMENT IN US

Published

3 years ago

February 21, 2023

FATHERLAND CORPORATION LAUNCHES $5M PRIVATE PLACEMENT IN US

FATHERLAND CORPORATION – fewer than 375 prospective subscribers have indicated interest in the offer for subscription of 2.5 shares of Fatherland Global Public Benefit Corporation, a Delaware-based media company.

The corporation is offering its Common Stock to raise $5 million through Public Private Memorandum against 20% common stock, FairShares.

Fatherland is a global marketplace for the African and non-African populations for authentic stories and experiences of Africans and their race founded by Hareter B. Oralusi.

The Corporation delivers technology driven programmes and services to the worldwide population targeting over 100 million members. It is a holding company incorporated in Delaware and operates from New York, Atlanta, Florida, London, Dublin, Lagos, and others.

“The Shares are offered at a purchase price of $2.00 per share, up to an aggregate purchase price of $5,000,000. The Offering will terminate upon the sale of 2,500,000 shares, unless terminated earlier, in our sole discretion. The minimum investment is 500 shares, or $1000. The maximum number of shares to be sold in this offering is 2,500,000 shares.

“The offering is made in reliance upon an exemption from registration under the federal securities laws provided by Section 4(a)(2) of the Securities Act of 1933, as amended, the “Securities Act”, and Rule 504 of Regulation D as promulgated by the United States Securities and Exchange Commission, the “SEC” or the “Commission”, under the Securities Act of 1933. There is currently no public market for our common stock.

“Securities are sold to any number and type of investor, and the issuer is not subject to specific disclosure requirement”, as defined in Rule 504 of the Securities Act,” the statement said.

However, the shares offered by Fatherland in the Private Placement Memorandum have neither been registered with nor approved by the United States Securities and Exchange Commission. They also have not been filed with nor reviewed by the Attorney General of any state nor the security regulatory authorities of ant state.

“This offering is based on the exemption from such registration as set forth in rule 504 of Regulation of the Securities Act of 1933, as amended.

“Investment in the Company’s securities involves significant risks and is suitable only for persons of adequate financial means who have no need for liquidity with respect to this investment and who can bear the economic risk of a complete loss of their investment,” the company announced.

Fatherland advised each prospective purchaser of the securities to consult their own tax advisors as to the consequences of purchasing, holding, and disposing of the securities, including, without limitation, the application of U.S. federal tax laws to their situations, as well as any consequences to them under the laws of any other taxing jurisdiction as the corporation has not registered any securities under the Securities Act of 1933, as amended, or any state securities laws.

“We offer these securities in reliance on certain exemptions from registration contained in the Securities Act and applicable state laws. As a consequence, purchasers may not sell these securities unless they are subsequently registered under the Securities Act and applicable state laws or an exemption from such registration is available. Accordingly, any purchaser must bear the economic risk of investment in these shares for an indefinite period of time,” they added.

The statement further stated that each investor must acquire the shares of the common stock for his own account and not for the account of others, for investment purposes only and not with a view to, or for resale, distribution, or fractionalization thereof.

Before the corporation can accept any subscription, each prospective investor must represent, by completing and signing the Subscription Agreement attached to this Memorandum and having his representative or representatives, if any, complete a Purchaser Representative Questionnaire.

The Securities are being offered through officers, directors, and employees of the Company to a select group of investors, who meet the suitability standards set forth under Suitability Standards.

They have agreed to make available to each prospective investor, prior to the sale of securities, the opportunity to ask questions of, and receive answers from, the Company’s officers concerning the terms and conditions of the Offering and to obtain additional information, to the extent Fatherland Global Corporation possess such information or can acquire it without unreasonable effort or expense, which may be necessary to verify the accuracy of the information set forth herein.

Any Investor who wishes to purchase shares of the Common Stock should deliver the One dated and executed Subscription Agreement and Prospective Purchaser Questionnaire; Payment of the subscription amount by check payable to Fatherland Global Corporation Subscribers for its’ Common Stock must meet investor suitability standards and a receipt of the completed subscription documents and check or wire transfer.

If subscription is accepted, a confirmation will be sent prior to closing. And if, for any reason, a subscription is rejected, the funds and a copy of the subscription documents will be returned immediately. Fatherland Global Corporation may reject a subscription for any reason in their sole discretion.

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Bank

Atlantian Crown Bank Rebrands as Arizona Global Bank LLC, Begins Licensing for Global Expansion

Published

2 hours ago

May 12, 2026

Sahara Weekly

Atlantian Crown Bank Rebrands as Arizona Global Bank LLC, Begins Licensing for Global Expansion

_By AGP News

*UNITED KINGDOM OF ATLANTIS* — In a move signaling a push into international markets, the Royal Throne of the United Kingdom of Atlantis on Sunday announced the corporate transformation of Atlantian Crown Bank LLC into *Arizona Global Bank LLC*, as part of a wider restructuring to position the institution for global banking and financial innovation.

The announcement was made at a press conference in the UKA capital by *HRM Queen Amb. Cletus C. Leaticia*, Chief Executive Officer of the newly named bank. She told reporters the rebranding marks _“more than a name change”_ and reflects a strategic pivot toward digital finance, cross-border investment, and modern banking standards.

_“This transformation represents our commitment to innovation-driven banking and our vision to become a globally competitive financial institution,”_ Queen Leaticia said.

*Licensing Process Underway*

According to the Department of Financial Administration and Corporate Affairs, which issued the official communication, Arizona Global Bank LLC has formally begun the process of applying for a *Banking Operational Licence* under UKA’s financial regulatory framework.

Once licensed, the bank plans to operate as a modern financial enterprise focused on four pillars:

1. Innovation-driven banking and digital financial solutions

2. Corporate financing and structured investment services

3. International financial partnerships and cross-border trade facilitation

4. Financial inclusion initiatives

Bank officials stressed that the institution will _“maintain strict compliance with all banking regulations and supervisory standards”_ set by UKA financial authorities.

*Strategic Shift Amid Global Ambitions*

Management described the rebranding as part of a broader restructuring initiative to _“strengthen the bank’s international identity, expand its global financial footprint, and align operations with contemporary banking standards.”_

Representatives called the licensing and rebranding process a _“major milestone”_ aimed at supporting economic growth, international trade, and cross-border investment initiatives.

*No Disruption to Existing Commitments*

Addressing potential concerns from clients and partners, management reassured stakeholders that _“all existing institutional commitments, operational objectives, and long-term strategic plans remain fully intact throughout the transition process.”_

The Royal Throne indicated that further updates on the licence approval, commencement of operations, corporate partnerships, and investment programmes will be released through official UKA and Arizona Global Bank LLC channels.

_The Department of Financial Administration and Corporate Affairs, Royal Throne of United Kingdom of Atlantis, issued the official statement._

Bank

Fidelity Bank grows Gross Earnings by 45.6% for FY 2025

Published

2 hours ago

May 12, 2026

Sahara Weekly

Fidelity Bank grows Gross Earnings by 45.6% for FY 2025

Lagos, Nigeria – Fidelity Bank Plc, a leading Nigerian financial institution, has announced its audited financial results for the year ended 31 December 2025, reporting Gross Earnings growth of 45.6% from N1.04 trillion in 2024 to N1.52 trillion in FY 2025, reflecting stronger topline momentum across core business segments.

The Group recorded a Profit Before Tax of N347.7 billion. This performance was underpinned by a 38.7% year-on-year increase in interest income to N1.11 trillion (FY 2024: N803.1 billion) and a 44.7% year-on-year rise in fees and commission income to N113.4 billion (FY 2024: N78.4 billion).

On the balance sheet, total assets grew by 18.6% year-on-year to N10.46 trillion (FY 2024: N8.82 trillion), while customer deposits increased by 16.1% year on year to N6.89 trillion (FY 2024: N5.94 trillion), reflecting continued franchise strength and growing customer confidence in the brand. Net loans and advances declined by 2.4% year-on-year to N4.28 trillion (FY 2024: N4.39 trillion) as customers paid down on their mature obligations.

The Bank also strengthened its capital position during the period, with eligible capital rising to N561 billion, above the regulatory minimum of N500 billion for banks with international authorisation. In addition, capital adequacy remained robust, with Capital Adequacy Ratio of 30.94 percent as at 31 December 2025 (FY 2024: 23.47 percent).

Ranked among the best banks in Nigeria, Fidelity Bank Plc is a full-fledged Commercial Deposit Money Bank serving over 9.1 million customers through digital banking channels, its 255 business offices in Nigeria and United Kingdom subsidiary, FidBank UK Limited.

The Bank is the recipient of multiple local and international Awards, including the 2024 Excellence in Digital Transformation & MSME Banking Award by BusinessDay Banks and Financial Institutions (BAFI) Awards; the 2024 Most Innovative Mobile Banking Application award for its Fidelity Mobile App by Global Business Outlook, and the 2024 Most Innovative Investment Banking Service Provider award by Global Brands Magazine. Additionally, the Bank was recognized as the Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence and as the Export Financing Bank of the Year by the BusinessDay Banks and Financial Institutions (BAFI) Awards.

Business

ALIKO DANGOTE FOUNDATION’S FORGES PARTNERSHIP WITH ISLAMIC DEVELOPMENT BANK

Published

4 hours ago

May 12, 2026

Sahara Weekly

ALIKO DANGOTE FOUNDATION’S FORGES PARTNERSHIP WITH ISLAMIC DEVELOPMENT BANK

Ms. Zouera Youssoufou, Managing Director & CEO of Aliko Dangote Foundation (ADF) in company with Mr. Ahmed Iya, Head of Community Engagement & Polio Eradication of ADF visited Dr. Rami Ahmad, Vice President (Operations) of the Islamic Development Bank at IsDB Headquarters in Jeddah.

The delegation used the occasion to highlight the activities of the Foundation so far which made great impact on people of all races by enhancing opportunities for social change through strategic investments that improve health and wellbeing, promote quality education, and broaden empowerment opportunities for individuals and communities.

Dr. Rami also expressed his expectation of a good and rewarding partnership between the two organisations, as many member countries of the IsDB face pressing debt challenges that constrain their investments in people and livelihoods.