Business
House Of Representatives suspends Jibrin for 6-Months over budget padding unfolding scandal
The House of Representatives on Wednesday suspended Abdulmumin Jibrin, a lawmaker from Kano at the centre of the unfolding budget padding scandal, for 180 legislative days.
The House seats three days in a week and this consequently means that Mr. Jibrin’s suspension would last more than a year.
In a motion recommended by House Ethics Committee chairman, Nicholas Ossai, and adopted by the whole House, Mr. Jibrin will also not be able to hold any position of responsibility for the span of the current National Assembly.
Mr. Jibrin began stirring what experts now described as one Africa’s biggest parliamentary scandals in recent memory on July 21, a day after he was eased out as chairman of the powerful committee.
Although the House was taking a two-month recess at the time, Mr. Jibrin remained resolute in his quest to “end the massive corruption in the House.”
“My resolve to champion this cause was borne out of patriotism and desire to complement the present administration’s anti-corruption war from the legislative front,” Mr. Jibrin said in an email to PREMIUM TIMES on August 21.
Mr. Jibrin said the campaign had earned him “blackmail, propaganda and campaign of calumny” from Mr. Dogara, lawmakers loyal to him and their proxies.
The assault had been largely targeted at the Speaker of the House, Yakubu Dogara, and three other principal officers, whose resignation and prosecution he had continued to demand.
Mr. Dogara had announced the removal of Mr. Jibrin in a speech he read in plenary on July 20, alleging budget fraud and serial betrayal of trust.
To back his allegations against Mr. Dogara, Mr. Jibrin released damning documents to the media.
On July 30, the State Security Service sealed the secretariat of the Appropriation Committee in the National Assembly after Mr. Jibrin raised the alarm that Mr. Dogara had allegedly concluded plans to cart away computers and destroy evidence.
Mr. Jibrin also visited law enforcement agencies, including the EFCC, the SSS and the police, where he said he personally submitted petitions detailing evidence of fraudulent manipulation of budget by Mr. Dogara, his deputy Yusuf Lasun, House Whip, Alhassan Doguwa, Minority Leader, Leo Ogor, and nine others.
After several days of silence, Mr. Dogara succumbed to public demands for him to defend himself and came out with blistering statements denying all the charges against him.
Mr. Dogara took specific issue with the ‘budget padding’ catchphrase, saying it was a strange term to use when describing the actions of the legislature.
He also said lawmakers could not be probed by law enforcement agencies over any infractions in the National Assembly, but later walked back this statement.
At some point, the APC moved to contain the crisis, but its gag order lasted only a weekend.
Consequently, lawmakers began openly criticising Mr. Jibrin for allegedly defacing the National Assembly, dealing a major blow to his crusade.
Mr. Jibrin’s isolation became even more pronounced after 10 principal officers of the House released a statement backing Mr. Dogara and denouncing Mr. Jibrin. Amongst them was Femi Gbajabiamila, the Majority Leader who many thought would be reluctant to openly back Mr. Dogara.
The development sparked speculation that Mr. Jibrin would be suspended upon resumption of the House from recess.
The House resumed on September 20 and a lawmaker loyal to Mr. Dogara moved a motion the next day to have Mr. Jibrin probed for allegedly breaching the privileges of the members.
Emmanuel Orker-Jev, a lawmaker from Benue, proposed tough sanctions against Mr. Jibrin for the damage his allegations have allegedly wrought on the House.
“The image of the House has never been worse than this before. Hon. Jibrin was reckless and the allegations were false. He knew that the allegations were false and scandalous and he had no regards at all to whether the allegations were true or false,” Mr. Orker-Jev said.
The House subsequently assigned the matter to its Ethics and Privileges Committee for further investigation and to report back within a week with its findings and recommendations.
Mr. Ossai, chairman of the committee, convened the first hearing on the matter September 23, during which Mr. Orker-Jev submitted his allegations against Mr. Jibrin.
Mr. Jibrin received an invitation to appear before the committee on Monday. But decided to boycott the hearing, even though his demand that the sitting be thrown open to the public was met by Mr. Ossai. Mr. Jibrin also asked his lawyer, Femi Falana, to seek discontinuation of committee’s actvities in court.
Mr. Ossai said Mr. Jibrin’s failure to appear before his “properly and constitutionally constituted committee” was, in effect, a defence.
Mr. Jibrin had on Tuesday alleged subjudice saying the committee should not have sat since the matter was in court.
Mr. Jibrin’s suspension would see him banned from the premises of the National Assembly in the course of the disciplinary action. He would also not receive salaries or allowances.
Some sympathisers of Mr. Jibrin saw his suspension as partisan, draconian and counterproductive.
“This show of partisanship and support for Mr. Dogara is condemnable and too severe,” said a political analyst, Gbola Oba.
Mr. Oba said Mr. Jibrin had suffered the same fate as Dino Melaye who was suspended in 2010 for breach of members’ privilege. Mr. Melaye is now a senator representing Kogi West.
“We knew they would gang up against him as they did against Mr. Melaye,” Mr. Oba said. “This clearly shows that the House has failed to move beyond its counterproductive ways of suspending anyone who challenges the status quo.
“If the House were a serious body, serious attention would be given to Mr. Jibrin’s claim so as to foster a thriving democratic experiment within the country.”
– Premium Times
Union Bank Honoured by ASBON at Nigeria National SME Business Awards
Lagos, Nigeria – Union Bank of Nigeria has reaffirmed its reputation as a strong supporter of Nigerian businesses, receiving the Best SME Growth Banking Initiatives Award for 2025 from the Association of Small Business Owners of Nigeria (ASBON) at the Nigeria National SME Business Awards, held recently in Lagos.
The award was presented to the Bank in recognition of its strategic leadership in advancing the growth and resilience of small and medium-sized enterprises, through a differentiated suite of solutions designed to enable business expansion and long-term value creation.
Receiving the award on behalf of the Bank, Ayokunnumi Abraham, Head of SME Segment at Union Bank, described the recognition as a strong endorsement of the Bank’s commitment to supporting small and medium-sized businesses. He said:
“We are honoured to receive this recognition, which reflects Union Bank’s continued commitment to helping SMEs grow by making banking simpler, faster, and more accessible. Through enhancements to our specialised platforms such as Union360, we have meaningfully reduced the time it takes for businesses to come on board and begin transacting. These improvements have shortened onboarding, increased digital adoption among our SME customers, and supported the acquisition of new business clients. Our focus remains on delivering practical solutions that help Nigerian businesses thrive.”
Organised by ASBON in partnership with the Lagos State Government through the Ministry of Commerce, Cooperatives, Trade and Investment, the event convened stakeholders from the public and private sectors to recognise individuals and organisations driving meaningful impact across Nigeria’s SME ecosystem.
Union Bank remains focused on deepening its support for SMEs through customer-led solutions and processes that strengthen business growth across the ecosystem.
Bank
Atlantian Crown Bank Rebrands as Arizona Global Bank LLC, Begins Licensing for Global Expansion
*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._
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.
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