Business
New Heritage Bank Set To Disappoint workers, Plans to sack hundreds of staff
Contrary to the belief that Heritage Bank Limited would mesmerize the banking industry following its acquisition of Enterprise Bank Plc, the opposite is what is set to happen.
Information available to us has revealed that Heritage Bank Plc is rather set to bring retrogression to the industry, as it is set to sack hundreds of thousands of its staff.
In a recent media event organised by Heritage Bank Limited for its chairman Akinsola Akinfemiwa, the Managing Director/Chief Executive Officer of Heritage Bank Limited, Ifie Sekibo was quoted as saying
that Heritage Bank Limited will sell off all subsidiaries of its acquired Enterprise Bank Plc in order to focus on core banking.
Sekibo’s words: ‘the subsidiaries acquired along with Enterprise Bank Plc will be disposed of at a later time, as Heritage Bank intends to focus mainly on the business of commercial banking.’
As at the time of its acquisition, Enterprise Bank Plc is known to own seven subsidiaries and two associated companies with a network of over 150 branches nationwide.
Based on Sekibo’s above statement of selling off the two associated companies, seven subsidiaries, the implication is that employees working in these companies would be laid off.
From what we gathered, there are thousands people on their payroll.
Panic has already gripped staff of the companies going by another statement credited to Sekibo that: ‘The bank will stop injecting funds into the subsidiaries pending the time that they will be sold off.’’
Interestingly, this seems to go against why Heritage Bank Limited was declared the preferred bidder of Enterprise Bank Plc instead of Fidelity Bank, which many people thought would win the bid.
It would be recalled that the former Managing Director of the Asset Management Corporation of Nigeria (AMCON), Mustaha Chike-Obi was quoted as saying the Sekibo-led bank had promised to ensure that
Enterprise Bank Plc’s employees keep their job during the integration.
But the latest development seems to contradict Chike-Obi’s statement.
Asides Chike-Obi’s reassuring statement, another person who also assured employees of Enterprise Bank Plc of the security of their job was Heritage Bank Limited’s former Executive Director Ivory Banking, Mary Akpobome, who was announced Enterprise Bank MD.
She was quoted as saying that staffers of the acquired bank need not fret over any case of mass sack, as a specialized method of pruning had been setup to ensure only those who do not fit in are sacked.
Akpobomeh’s words “our top line focus is to ensure that people’s jobs are preserved based on their value creating capability. A key element of our people resourcing and placement program is based on global
standard type appraisal to determine how fit they are for the combined entity.
“In the event that some of the staff are discovered to lack required competencies, we will have in place an appropriate program to deal with such occurrence. This Assignment is being carried out by a set of reputable consulting firms as part of the on-going integration program”.
Interestingly, this is not what seems to be happening and the situation becomes amazing especially when the fact that Heritage Bank Limited prides itself with a commitment to the promise of creating and
preserving wealth across generations through highly personalised banking service is considered.
Observers of the development at Heritage Bank Limited are saying that what they have simply done is …., a situation where you buy a company and cannibalize it by selling parts of it to recover the initially
invested capital.
Business
HOUSE OF BIMPE FIT GAINS ATTENTION WITH TRENDY UNISEX FASHION LINE
HOUSE OF BIMPE FIT GAINS ATTENTION WITH TRENDY UNISEX FASHION LINE
LAGOS — A fast-rising fashion brand, House of Bimpe Fit, is making waves in the style scene with its collection of modern, elegant outfits designed for both men and women.
The brand, which showcases a blend of contemporary and classic designs, is quickly attracting attention for its attention to detail and quality finishing. From sharply tailored men’s native wears and suits to chic, figure-flattering outfits for women, House of Bimpe Fit is positioning itself as a go-to destination for fashion lovers seeking both style and comfort.
Speaking on the brand’s vision, the management emphasized its commitment to delivering “quality outfits for both men and women,” ensuring customers step out with confidence and class regardless of the occasion.
Fashion enthusiasts have particularly praised the brand’s versatility, as it caters to a wide range of tastes—from corporate elegance to casual sophistication.
With an active presence on social media, especially on TikTok via @house_of_bimpefit, the brand is leveraging digital platforms to reach a broader audience and showcase its latest collections.
Industry watchers say House of Bimpe Fit is one to watch, as it continues to carve a niche for itself in Nigeria’s competitive fashion industry.
For inquiries, customers can contact the brand via phone at 0802 686 6277.
Business
Jafad College of Nursing Science Showcases Excellence at Matriculation, Capping Ceremony for 158 Nursing Students
Jafad College of Nursing Science Showcases Excellence at Matriculation, Capping Ceremony for 158 Nursing Students
By Agholor M.O
Jafad College of Nursing Science, Oru Ijebu Ogun State, has once again demonstrated its commitment to excellence in healthcare education as it matriculated and inducted into Nursing Training, 158 students of the N.D 2025/2026 academic session in a well attended and inspiring ceremony which took place on Wednesday, 8th of April 2026 at the College premises, Oru Ijebu, Ogun State
The event began with a colourful academic procession of the matriculating students led by their Class Coordinator Mrs B.O. Okuboyejo, alongside principal officers of the college, including the Student Affairs Officer, Mrs Fijabi; College Accountant, Mrs Funmilayo Victoria Alao; Librarian, Mr Jonathan Olusola Fatokun; Registrar, Mr Mojeed Adewale Lawal; and the Acting Provost, Ms Olufunmilola Akintayo.
In her welcome address, the Acting Provost charged the new students to embrace discipline, dedication, and professionalism, noting that Jafad College provides a strong academic and moral foundation needed to thrive in the ever demanding healthcare sector.
The ceremony attracted dignitaries, including Mr Abdulhameed, JAMB Zonal Coordinator, Abeokuta, Ogun State, further underscoring the institution’s growing reputation.
Delivering the matriculation lecture, Mrs Oyelayo Toyin Adeola, a registered nurse educator from Olabisi Onabanjo University Teaching Hospital, spoke on the theme: *“The Journey of Admission to Graduation: Strategies for a Successful Outcome – Learner and Teacher Perspective.”* She emphasized the importance of goal-setting, effective study habits, time management, and active student teacher collaboration. She also highlighted the need for resilience, ethical conduct, and continuous self-improvement, describing nursing as both a calling and a profession that demands compassion, competence, and lifelong learning.
The ceremony reached a symbolic peak with the capping and stripping of the students by experienced registered nurses from Ogun State Hospital, Ijebu Ode, officially ushering them into the noble nursing professional Training.
Parents and guardians expressed satisfaction with the quality of organization and training standards, while the students beamed with excitement as they began their professional journey.
With its experienced faculty, structured training, and commitment to producing competent and compassionate nurses, Jafad College of Nursing Science continues to stand out as a top choice for aspiring healthcare professionals in Ogun State and beyond.
Business
FirstBank Partners Eko Hotels & KEY Academy for ChessMasters 2026 Tournament
FirstBank Partners Eko Hotels & KEY Academy for ChessMasters 2026 Tournament
Lagos, 30 March 2025 – FirstBank, West Africa’s premier financial institution and the leading financial inclusion service provider, has announced its strategic sponsorship of the second edition of ChessMasters, Africa’s largest school chess tournament. The announcement was made at the official press conference of the tournament held on 16 March 2026 at Eko Hotels and Suites, Lagos.
ChessMasters is an annual chess tournament designed to equip the next generation with critical thinking, problem-solving, and leadership skills. The competition targets children in primary school aged between 6 and 11 years old. Organised by Eko Hotels and Suites & KEY Academy , ChessMasters was created to provide thousands of children across Nigeria with opportunities to develop modern educational skills, bringing schools together on a national stage.
Speaking at the press conference, Olayinka Ijabiyi, Acting Group Head, Marketing & Corporate Communications at FirstBank, said, “Our sponsorship of ChessMasters 2026 reflects our commitment to building talents and communities, driving inclusion, and deepening engagement through our First@Sports initiative, a platform that celebrates talent and promotes social impact through sports. With over a century of supporting legacy sports in Nigeria, we are proud of our enduring partnerships – 105 years with the Georgian Cup, 65 years with the Lagos Amateur Golf Championship and 35 years with the Dala Hard Court Tennis Championship.”
Ijabiyi further highlighted how the sponsorship aligns with FirstBank’s sustainability pillars of Education, Health, and Welfare. “We recognise the potential of chess to help school-age children challenge themselves, think critically, and compete at the highest level, hence we see the tournament as a launchpad for a pan-African movement leveraging chess as a tool for education, empowerment, and leadership development. We are utilising this platform as another avenue to promote social impact and drive positive change in the community.”
Caline Chagoury Moudabar, Director and Co- Founder of ChessMasters and her partner Damilola Okonkwo of Key Academy, expressed appreciation for FirstBank’s support, noting that the partnership will help scale the impact of ChessMasters and inspire more schools to participate. “We are happy to welcome FirstBank on board. This collaboration will boost chess development in Nigeria and promote critical thinking among young minds. With support from partners like FirstBank, we are opening the doors of participation to more children and more schools in this year’s edition.”
Prince Adeyinka Adewole, Vice President of the Nigeria Chess Federation, commended the initiative, emphasising its role in nurturing future chess talents. “Chess connects people, ideas, and opportunities. It teaches children to be analytical, patient, and manage their time and resources effectively. Chess also improves concentration and has been particularly beneficial for children with autism.”
The second edition of ChessMasters will be held on Saturday, 2 May 2026 at Eko Hotels and Suites, Lagos. The competition is open to 150 schools across Lagos, with over 700 students expected to participate and vie for a total prize pool of N10 million.
FirstBank’s involvement in the 2026 edition of the tournament reinforces the potential of ChessMasters to become a launchpad for African children, leveraging chess as a tool for education, empowerment, and leadership development.
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