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MORE DRAMA AS FASHOLA REPLIES ‘ AMBODE, TINUBU’, “When you wrestle with a pig, the pig gets happy and you get dirty”

Published

11 years ago

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The alleged battle between Babatunde Fashola and Ashiwaju Ahmed Tinubu through Gov.Ambode has taken a new twist as the SAN has tactically responded to the numerous allegations fired at him from Alausa.

In a  statement released and signed by BRF himself he said those spoinsoring the attacks against him are like pigs who will only dent his own record if he should respond to them.

“When you wrestle with a pig, the pig gets happy and you get dirty

 

This statement of profound wisdom informed my silence in the wake of manipulated and unsubstantiated allegations of wrongdoing recently being levelled against me. They started a few weeks to the end of my tenure, and have continued till date. They range from allegations of extra marital paternity of children, to mundane and phantom conspiracy in the National Assembly, a debt profile for Lagos State and lately a website upgrade contract of N78 million, which is being distorted.

In so far as the allegations of paternity are concerned, they are wicked and false. I have no biological children other than my two children. Of course, I adopted three children who became orphaned as a result of the tragic DANA Airplane crash of 2012 and the adoption followed due process.

Those who do not care whether they hurt innocent children or invade the privacy of other citizens in their mindless rage against me will have their rewards served upon them in the fullness of time. As far as my alleged involvement in the National Assembly elections are concerned, they remain only the products of the imagination of those who made the allegations.

I was out of the country at the material time and returned only in the early hours of that morning to Abuja, and from there proceeded to Lagos. As far as debts of Lagos State are concerned, the fact is that Lagos had always had debts. Her population is growing and for a long time she has run deficit budgets to cater to the needs of that growing population.

All the debts contracted in my time were approved by the Parliament in the annual budgets, some have been paid back and the financial status was healthy and stable when I left. The outlook for the state and her rating by Fitch was long-term foreign and local currency IDRs at ‘BB-‘, short-term IDR at ‘B’ and national long-term rating at ‘AA+(nga)’.

When we all pause to reflect and think ,we will realise that there are a sizable number of companies who are running business, who have no responsibility for Security, Public Health, Public Education and other responsibilities of Government, who borrow more than Lagos State Government, whether collectively or individually. As far as the website contract is concerned, yes there was a contract. It went through procurement and was approved by the Government agency authorised to do so.

One of the services was an “upgrade” quoted for N12.5 million but awarded for N12 million. There were other services that were new; like a handover countdown clock, mobile Apps for Google, for IOS and ipad, for Microsoft, and for Research in Motion (Blackberry), which the existing website did not have, as well as the annual maintenance cost for managing the website.

It was for all these services that the contract was issued for N78 million, which the Lagos State procurement agency gave a No Objection based on the advice of the Ministry of Science and Technology, who are the Government adviser on ICT matters. In publishing this Contract award which was the Government tradition under my watch, the procurement agency’s website summarised it as “upgrade” only without detailing the other services and this has been distorted by the agents of hate as their suspected “smoking gun”.

For those who are familiar with mobile Applications, they will know that users either pay for them online or download them for free. What is usual is that applications for service are usually provided to users free, but somebody bears the cost. Since these applications were to be made available to the public for free access and to assist Government communication, we decided to pay for them. The entire documents are with the Lagos State Government and are available for those who seek the truth.

For the record, since 2008, long before the Freedom of Information Act was ever passed, we had put out all our contracts on the State website because I believe people deserve to know. It is regrettable that a “summary” of the contract has been deliberately distorted to misinform the public. This particular website came into being as a result of the decision I made to make my telephone number public for the several thousands of people seeking to reach me daily.

The website that is now under attack helped me to do my job and to respond to citizens, and the contract was issued to run till my last day of office. It stands logic upside down for to “fraudulently” award a contract and then have it published on a website. To date, there have been 27.666 million hits on this website, with 1,844 videos, 34,381 photographs, 2,531 Press Releases and 595 Speeches, among other items of public communication.

I have chosen to make this personal response because as the head of government at the time of the transaction, the buck as they say stops on my desk and also because of the many calls, text messages and mails coming from many people seeking clarification and to prevent fiction from being mistaken for truth. I expect that there may be more distorted allegations without evidence, for reasons that remain in the realm of speculation, because, I have been informed reliably that large amounts of money are being paid to some of these agents to bear false witness.

I cannot conclude without responding to the crusade of CACOL and their ilk, seeking my prosecution on allegations that have no proof and writing “pre-emptive” letters to the Presidency. In case they are unaware, I am not looking for a job. I expect them to know that allegations of wrong doing are not resolved without evidence, neither are they resolved in press conferences.

I have served my state, and by extension, my country for Twelve and half years and I did so with my heart. I am taking the rest that I believe I have earned. For those who still wish to remain in the mud, they should look in the mirror. For those who wish to throw mud at me, they should look at their own hands. As for me, I have moved on. My job is done.

H.E PRESS STATEMENT (PG 1)H.E PRESS STATEMENT (PG 2)H.E PRESS STATEMENT (PG 3)H.E PRESS STATEMENT (PG 4)H.E PRESS STATEMENT (PG 4) H.E PRESS STATEMENT (PG 5)

 

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Sahara weekly online is published by First Sahara weekly international. contact [email protected]

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Bank

Union Bank Honoured by ASBON at Nigeria National SME Business Awards

Published

6 hours ago

on

May 13, 2026

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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.

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

Published

18 hours ago

on

May 12, 2026

By

*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._

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Fidelity Bank grows Gross Earnings by 45.6% for FY 2025 

Published

19 hours ago

on

May 12, 2026

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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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