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Land Grabbing: Community Head writes SOS To Police, Ogun State Government Setting the record straight…….
Land Grabbing: Community Head writes SOS To Police, Ogun State Government
Setting the record straight…….
SAVE OUR SOULS FROM THE HANDS OF IMPOSTORS, LAND GRABBERS TERRORISING EREBE IJEBU
A rejoinder to the crocodile tears of one Segun Abayomi Lawal,a political jobber, impostor and hypocritical human being
Erebe an ancient town in Odogbolu Local Government Area of Ogun State had being a peaceful society under the exclusive control of the eight (8) branches of the founding family of Erebe town, the OLOJA ADEKOYA (OFIRIGIDI) ANIKINAIYA FAMILY until recently when the Ogun State Government during the tenure of Otunba Gbenga Daniel (OGD) relocated the Sikiru Adetona College of Education, Science & Technology to Odo-Jobore directly beside Erebe. Mindful that Omu had no more vacant land in Ogun State as acknowledged in Omu’s Community’s submission before the Boundary Adjustment Commission of the Federal Government in 1976 and enviously motivated by the prime value of Erebeland due to it’s proximity to the said tertiary institution, one Oba Oludaisi Mosuro of Omu, Oba Segun Awokoya of Irete and one Obateru Akeem of Egbin near Ikorodu conspired amongst themselves with one Banjoko alias THREECO a popular land agent in the Lekki areas of Lagos State, one Jamiu Ojetete alias Jamani, Abayomi Adelaja alias Ogunyalu, Segun Lawal alias Eraser, Moshood Osinowo and others to create one ALADE OGBE ADELAJA SOKEFUN as their FAMILY name in Erebe in a bid to claim Erebeland. Our parent ruling House, the ANIKILAYA RULING HOUSE of the Awujale of Ijebuland, Ijebu Ode vide it’s letter dated 24/01/2007 warned the last Baale of Erebe, late Chief Moshood Osinowo to refrain from collaborating with the aforementioned land grabbers in their attempt to encroach on Oloja Adekoya Ofirigidi Anikinaiya’s Erebeland and advised them to tender their case before the ruling house if they have an iota of legitimacy in their claim to Erebeland.
The conspirators in issue rather than explore the opportunity offered by the Anikilaya Ruling House replied the Ruling House vide a letter dated July 21st, 2008 that they have no connection whatsoever with HRM Awujale Anikilaya’s family that HRM Anikilaya’s son Oloja Adekoya Ofirigidi was a refugee at Erebe.
These land grabbers in their aforementioned ALADE OGBE SOKEFUN ADELAJA name took the OLOJA ADEKOYA OFIRIGIDI ANIKINAIYA FAMILY, Erebe to court vide suit: HCJ/82/2009. Not wanting to beat a retreat after been overwhelmed by the traditional history of the Oloja Adekoya (Ofirigidi) Anikinaiya family with several documentary evidences affirming same from the Anikilaya Ruling House, Ijebu Ode as well as from Imota via Ikorodu, a town founded by same our ancestor, Oloja Adekoya (Ofirigidi) and records from independent sources such as the National Archives, Wikipedia and certain authored records of over 70years, the land grabbing conspirators in their fraudulent nature sometimes in November, 2015 went in the direction of abandoning their former name ALADE OGBE, created and adopted one SANGOKOYA OFIRIGIDI, a similar name to our family name; OLOJA ADEKOYA OFIRIGIDI, gave false information to the Ogun State Government and presented one of themselves Segun Lawal as Baale over our town, Erebe.
As a pretext to keep us away from our legitimate heritage these land grabbers took the Oloja elect to court that a letter addressed thus;
The Olori Ebi,
OLOJA ADEKOYA OFIRIGIDI ROYAL FAMILY, EREBE IJEBU signed by one of the land grabbers named ABAYOMI ADELAJA dated 5th February, 2016 was forged. Senior Magistrate Idowu Olayinka of the Odogbolu Magistrate court declared that the letter in issue subject of Charge No: MOD/46C/2018 is authentic and signed by the conspirators who were dubiously trying to deny reality as the said letter alone is an incontrovertible evidence invalidating impostors’ use of a similar name to our family name at the Ijebu Ode High Court to claim land at Erebe.
We had written several petitions to the Ogun State Government in this regard but the conspirators boasts of being backed by their Otunba Gbenga Daniel (OGD) who they claimed has the Nigerian Police, Ogun state Government and the judiciary in his pocket cannot be further from the truth as the land grabbers tendered forged documents, lied on oath and committed perjury to acquire 20.981 acres of the same land subject of suit: HCJ/82/2009 in another suit: HCJ/121/2015 with their new name SANGOKOYA. Contrary to the land grabbers misleading information to the public that they have a judgment covering entire Erebe land, the judgment is strictly on 20.981 acres of land and had been appealed based on the fact that it was fraudulently obtained as amongst other obvious reasons the judge rather than treating the facts of the case opted for technicality that the letter U as it appeared in EREBE IJEBU in the survey tendered by our family was traced in ink and not signed whereas we defined the location of the land as required in law.
The public are hereby informed that SANGOKOYA as son of Awujale Anikilaya WAS NOT part of the prayers sought and granted by the said court. While we have taken further steps to protect our heritage from the impostors latest (sangokoya) of Omu, the aforementioned land agents have recently being partitioning our lands, using the instrumentality of complicit police formations to take over the remaining Erebeland including 880 acres of land outside the 20.981 acres subject of appeal court litigation. To achieve their fraudulent objective the impostors have created several other aegis, such as a parallel Erebe Community Development Association and others which receipts they issue for Erebe lands illegally being sold. As at the time of making this public notice our lives are in danger as these illegal money crazy conspirators have engaged cultists and hired assassins to kill the Oloja elect of Erebe, Omoba Olawunmi Samuel, myself and other members of our family.
The parties sometimes in the year 2009 went to the Association of Osugbo Ijebuland which gave judgment in 2009 that Erebe is the exclusive business of the Oloja of Erebe, Oba Adekoya Ofirigidi descendants.
The conspirators are not only forgers of documents and history to grab land but men whose love for cheap land money has been made slaves to their stomachs.
For the records, Omu town became a landmark for Erebe area being the place where a market for sales of mat “Eni” a general trade of Erebe and environs was first established and as such visitors from Ibadan, Oyo, Ikorodu and other places usually refer to the area as Omu Eleni which earned the town her undisputed popularity this day. However, the fact remains that Erebe granted its fern farmland “Oko Imu” corrupted to Omu this day as a settlement in 1849 to refugees of the Owu war and some Igbehin-Egba migrants as approved by our ancestor, HRM Awujale Anikilaya after the Owu Ipole war of 1822 – 1829.
Sometimes in May, 2023 the conspirators ganged up with others at large with their thugs unleashed terror on Erebe community, burnt Oloja’s ancestral palace, demolished same, forcefully entered the community’s farmland – destroying our cash crops, removed traditional totems causing mayhem and using Police to harass innocent people and still went to report to the police that our people perpetrated those crimes in a bid to implicate us over very straight land matters. Our family members were unjustly charged to court over false information raised to the police by Segun Lawal that we burnt his fathers house at Omu till the Ogun State Directorate of Pubic Prosecution’s legal advise to the court exonerated our people and exposed the fact that there is no extent which these land grabbers could not go in the pursuit of cheap land money.
These land grabbers and their client one Banjoko alias THREECO whose thugs and complicit police formations have continued to find means to kills my humble, other members of our family while parading the fraudulently acquired 20.981 acres of land judgement to be selling part of the remaining 880.981 acres of Erebe land to unsuspecting members of the public. The general public, Odogbolu Local Government, the Senator-Representing Ogun East Senatorial District, Ijebu Traditional Council, the Awujale Place and the Ogun State Government are hereby alerted of these developments and should note that;
1. Erebe towns’ founding family, OLOJA ADEKOYA OFIRIGIDI ANIKILAYA FAMILY is neither the same nor connected to Owu Omu’s SANGOKOYA’s recently created to expand and annex Erebe land.
2. No Baale or any chieftaincy whatsoever in history has ever being made over any section of Erebeland outside the consent, approval and supervision of the OLOJA ADEKOYA (OFIRIGIDI) ANIKINAIYA FAMILY who are the legitimate owners of Erebe land.
3.Baale as erroneously been recently misrepresented by the land grabbers is relevant only in communities whose founders are not royals, it is a taboo for a Prince of credible background to be appointed a Baale.
4. Oloja which is the ancestral title of the Oloja Adekoya Ofirigidi descendants is not in the category of Baale or Rarun in Ijebuland.
2. SEGUN LAWAL and anyone else made Baale by the Olomu on Erebe territory against the interest and consent of the OLOJA ADEKOYA (OFIRIGIDI) FAMILY is an impostor who has neither authority nor connection with Erebeland.
3. It is a generally acknowledged fact that our ancestor OLOJA ADEKOYA OFIRIGIDI son of AWUJALE ANIKILAYA founded Imota town via Ikorodu, anyone trying to change the name to SANGOKOYA as is being attempted by these landgrabbers are fraudsterds and undoubtedly men with questionable character.
4. The ANIKILAYA RULING HOUSE, Ijebu Ode where late Prince Adebola Sanya was General Secretary and the incumbent Treasurer, Prince Onabanjo Segun both from our branch, OLOJA ADEKOYA OFIRIGIDI is not for sale and as such the impostors should be mindful that their days to answer for all acts of impersonation is numbered.
5. Government should sanction Obas who on the guise of chieftaincy privileges create Baales over traditionally superior territories as it is the case with Omu, Irete in relation to Erebe in a bid to grab, incite violence to benefit land for personal gains and as fronts for politicians on which behalf they deal in lands.
6. Any Obaship candidate whose business is land related should sign undertaking not to involve in land in his area as it it is the case with Onirete who has not turn a new leaf from the plethora of land grabbing accusations against him in Lekki area of Lagos and has now found Erebe town and villages as his next line of business, in company of his friend THREECO signing agreements with several Omu families to claim Erebe villages.
8. If these impostors could come out and be making false claims which we hereby disclaim, one could understand the kind of information they used to persuade His Excellncy, Otunba Gbenga Daniel (OGD) whose influence and name they claim to usually employ to circumvent the police and the judicial processes in their bid to grab our land and even claim certain acres of our land is allotted to OGD which we are anxiously waiting for him to come and take possession and tell us if one has money, influence and position, getting other people’s properties and ancestry is the next line of business as his allies are claiming he does in this case.
Though, the undersigned has done all along several petitions at various times to the following governmental offices for help, which are to no avail before now
1. Ogun State, Governor’s office
2. Ogun State ministry of Justice
3. Commissioner of Police, Ogun State command
4.The State Director
Ogun State security services ( SSS)
And it was discovered that same impostors went extra miles to misinform the general public and government agencies that they have a judgment declaring SANGOKOYA as a son of AWUJALE ANIKILAYA as well as covering the entire EREBE landmass. IT WAS ALL LIES FROM THE FIGMENT OF THE NARRATORS IMAGINATION. WE CHALLENGE THEM TO TENDER SAME TO THE PUBLIC
We wish to inform the public that the latest false information from these land grabbers through Segun Lawal is a ploy to defend to change the narrative for evading police service of invitation letter, evading arrest, damaging of police vehicles, shooting at police and using cultists to prevent police in exercise of their lawful duty which caused pandemonium at Erebe on the 31st of January, 2024 in which cultists engaged police in shoot out to pave the way for the shedder of crocodile tears (Segun Lawal).
He who commits no crime needs not to run away from police invitation, we as a responsible family have always honored every invitation even arrest including the unlawful arrest and detention of our over 80 years old head of family, Omoba Titilola Olawunmi at the behest of frivolous charges orchestrated by Segun Lawal. Hence if the police are investigating a claim of raising false information to the police occasioning malicious prosecution of opponents and other issues perpetrated by the land grabbers why running away and manufacturing lies to the public in search of sympathy.
The baseless narrative being pushed by these land grabbers mischievously branding our family, who are the legitimate owners of Erebeland as land grabbers is a reflection of the debased level which our society has found itself in terms of morals and integrity.
Please, I am using this medium to get to all well meaning people to come to our aid. Save us from the grab of these Owu war refugee Ajagungbales paying the good intentions of our ancestors with evil such that this expansionist campaign of the present Omu leadership won’t be a repeat of what transpired in 1862 when the quarrelsome attitude of their ancestors as reported by the Europeans visitors to Ijebuland culminated in the avoidable loss of human life at Omu. We pause here.
E-Signed
Omoba Yisa Akintunde Mumuni
For and on behalf of the
OLOJA elect of Erebe Ijebu and the OLOJA ADEKOYA (OFIRIGIDI) ANIKINAIYA DESCENDANTS’ UNION
Erebe Ijebu Town, Ogun State.
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.
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]
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.
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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