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New Militant group emerges, promises to blow up refineries

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The last is yet to be heard on the militancy in the Niger Delta as another group has emerged.

This time, the group which prides itself as Niger Delta Greenland Justice Mandate, NDGJM, has threatened to bring down the Refinery in Eleme, Port Harcourt, Rivers State, as well as the Warri Refinery.

They equally vowed to bring down the Utorogun gas plant in Otu-Jeremi in Ughelli South Local Government Area, Delta State in few days should the federal government fail to listen to them.

Making their grouse known, the group which is not happy with on-going negotiations with other militant groups said, “the federal government and oil companies have started yet another round of negotiation with the Ijaw front, in the name of all the people of the Niger Delta. This will not work.”

They have, therefore issued a 48-hour ultimatum to oil multinationals still in the upland of the region, especially in the Ogba/Egi axis of Rivers state, Urhobo/Isoko/Ndokwa axis of Delta state and other upland oil producing areas to evacuate their personnel.

They decried that all the people of the upland Niger Delta, under whose watch the largest and most critical oil assets are located, have been ignored over the years as government and the oil companies pander to every whim and cough of those who have violently engaged the state.

In a statement by its Spokesman, self-styled Gen. Aldo Agbalaja, he declared that “We have keenly watched developments in the country in recent times, developments that are most depressing, very much depicting the marginalization and subjugation of the hapless people of our region.

“We have thought very deeply about the ongoing shenanigan and play-acting going on between the federal government and some self-styled ‘Niger Delta agitators’ and thought if we fail to make our own statement now, then there will be no future for the larger Niger Delta region.

“For the avoidance of doubts, the Niger Delta Greenland Justice Mandate is not in the mold of the various criminal gangs that have so far paraded themselves as fighting for the interest of the people of the Niger Delta, but who indeed have been engaged in fight for personal enrichment.

“We are not one of them. We are out to tell the world that there is a Niger Delta that is made up of many tribes and tongues, the people of whom have so far suffered both local and national oppression.

“We have come at this point to ensure that our oppressors, being the federal government, the state governments in the six core Niger Delta states who have received billions of dollars over the past years but have brought little or no development to the region and the so-called super-ethnic nations, who have yielded to greed and wickedness and have exposed the rest of us in the oil-rich, but deeply impoverished region, to crippling squalor.

”The Federal government and the oil multinational companies have been making a very grave mistake by equating the interest of the Ijaw people as that of all the tribes of the region. Indeed, this is a mistake that is about to take a more devastating toll than has ever been seen or experienced in the history of Nigeria.

“Any moment from now, we shall be making a loud statement which we believe should be loud enough for all to see and take seriously and then afterwards state our demands.

“We have considered this ‘coming statement’ reluctantly inevitable because of the recalcitrance of federal authorities, as well as oil giants; they both have decided to ignore calls to reason and have made violence the only option.

“Just as in the 2009 experience, the federal government and oil companies have started yet another round of negotiation with the Ijaw front, in the name of all the people of the Niger Delta. This will not work.

Since they do not regard the assets in our areas important enough to be protected, we shall root them all out of the length of the Niger Delta. We don’t want to make this mistake any longer, violence pays as it has become the only voice that government gives hearkens to.

“Finally, we are asking all the oil multinationals still in the upland of our region; AGIP, TOTAL, SHELL, MOBIL, SHORELINES, NECONDE, E.D WESTERN, SEPLAT and others to commence the evacuation of their personnel from the region, especially in the Ogba/Egi axis of Rivers state, Urhobo/Isoko/Ndokwa axis of Delta state and other upland oil producing areas, within the next 48 hours.

“We also want to bring it to the attention of the federal government and the NNPC that the refineries in Warri (Urhobo land) and Port Harcourt (Eleme) and the gas plant in Otorogun will all come down in few days from now.

“We just hope that the Nigerian government will continue ignoring us so that we can perfect what those in the riverine area started”.

 

Sahara weekly online is published by First Sahara weekly international. contact saharaweekly@yahoo.com

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Fidelity Bank grows PBT by 167.8% to N105.8 billion in Q1 2025

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Fidelity Bank grows PBT by 167.8% to N105.8 billion in Q1 2025

Lagos, Nigeria – May 1, 2025 – Fidelity Bank Plc, one of Nigeria’s leading Tier-1 financial institutions, has announced a remarkable financial performance for the first quarter of 2025, recording a Profit Before Tax (PBT) of N105.8 billion, representing an impressive growth of 167.8% compared to N39.5 billion in Q1 2024.

The bank’s unaudited financial statements, released on the Nigerian Exchange (NGX) on April 30, 2025, highlight a substantial increase in Gross Earnings, which rose to N315.4 billion, marking a year-on-year growth of 64.2% from N192.1 billion in the same period last year. Growth in interest income was primarily led by 38.6% yoy (7.4% ytd) expansion in earning assets base, while the increase in non -interest revenue came from FX-related income, trade and commission on banking services, etc., supported by increased customer transactions.

Commenting on the bank’s performance, Dr. Nneka Onyeali-Ikpe,OON, Managing Director/Chief Executive Officer of Fidelity Bank Plc, stated, “We started the year with triple-digit growth in profit and sustained the momentum in our earning assets growth. This performance shows the resilience of our business model and reinforces our confidence in delivering a better result in the 2025 financial year.”

Other areas of the unaudited financial statements, equally show a marked improvement with Total Deposits growing by 11.1% ytd to N6.6tn from N5.9tn in December 2024, driven by 10.6% ytd growth in low-cost deposits to N6.1tn, which represents 92.2% of total customer deposits. Local currency deposits increased by 2.0% ytd while foreign currency deposits increased by 21.4% from $1.9bn in December 2024 to $2.3bn.

Net Loans and Advances increased by 5.0% ytd to N4.6tn. The growth in the bank’s Loan Book was skewed to LCY Loans as cost of risk declined to 0.6% from 1.5% in 2024FY.

“Beginning the year with such positive momentum reinforces our commitment to supporting the growth of individuals and businesses, while enhancing our financial sustainability. As we go into the rest of the year, we remain focused on building a resilient banking franchise with a diversified earnings base,” Onyeali-Ikpe added.

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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GTCO vs. Very Dark Man: Why Nigerians Must Stop the Judgment of Emotions

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*GTCO vs. Very Dark Man: Why Nigerians Must Stop the Judgment of Emotions*

By Osho Oluwatosin

The internet has literally been on ‘fire’ since Friday following the arrest of self-acclaimed Nigerian activist, Martins Vincent, also known as Very Dark Man. He was reportedly picked up by the Economic and Financial Crimes Commission (EFCC) for reasons yet unknown.

While it’s not the first time VeryDarkMan or any prominent Nigerian would be arrested by the EFCC — a government agency not under the authority of any private organization — it seems some Nigerians are passionately trying to push a narrative that his arrest was orchestrated by one of Nigeria’s biggest financial institutions, Guaranty Trust Holding Company (GTCO).

Although this narrative isn’t far-fetched — VDM had criticized the bank due to ‘mysterious’ deductions from his mother’s bank account for unjustifiable reasons. He approached the bank’s branch in Abuja to make an official complaint and, afterwards, he was picked up by the EFCC. But what many Nigerians have failed to realize is GTCO may not even be involved in his arrest.

VeryDarkMan was seen in the bank, quite alright, but in a CCTV released by the bank, he was seen moving out of the bank when he finished. He even had a celebrity moment with some of his followers who took pictures with him before he was arrested. So I’m wondering, what has GTB got to do with his arrest? That someone got knocked down by a vehicle after leaving church, does it mean the church orchestrated the accident? That someone got attacked after leaving a lecture room, does it mean the lecturer orchestrated it? That someone even got attacked in a courtroom, does it mean the judge orchestrated it? Absolutely not.

Although it would have been better if the EFCC had come out to clear the air regarding the reason for VDM’s arrest, because in the absence of information, rumours are bound to thrive. In fact, the commission should have actually released a statement regarding these rumours, not to vindicate GTB, but to keep Nigerians informed.

Let’s even think about it logically: what can warrant GTCO to order VDM’s arrest by the EFCC? Did he defraud GTCO? Did he steal from a GTB customer? Did he launder money through a GTB account? These are questions that should be asked before passing judgments. But Nigerians are always emotional when it comes to issues like this, and that’s why people who are culpable in serious crimes get away with anything as long as they get involved in charity or activism.

GTCO has been a very friendly organization, and in 2024 alone, the bank paid a record dividend of N8 per share. The bank is happy, shareholders are happy, customers are happy — who is Very Dark Man?

Osho Oluwatosin is a Nigerian journalist and writes from Lagos.

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Can We Have More Bankers Like Victoria Mulero? An epitome of ‘omoluabi’

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Can We Have More Bankers Like Victoria Mulero? An epitome of ‘omoluabi’

In February of this year, I needed to open a new bank account for salary purposes, as required by the management of the new company I had just joined.

I considered First Bank, Access Bank, and Sterling Bank. After some thought, I chose Sterling Bank—not because I found them superior—but because I believed they had fewer customers, which I hoped would save me from long queues and unnecessary delays.

I visited the Sterling Bank branch at Akowonjo to open the account. Unfortunately, the staff member who attended to me didn’t inspire confidence. She appeared distracted—smiling at her phone, clearly engrossed in a private chat—far from the level of professionalism one would expect in a bank setting. I had a feeling this would lead to problems down the line.

 

When my first salary was paid into the account, my suspicion was confirmed. Sterling Bank restricted access to my funds—I couldn’t transfer money or make withdrawals at the counter. I visited their Fatai Atere branch at Ladipo, Mushin to complain, where I was informed that the account opened for me was a “Kaikai” account—a type I had never heard of. Apparently, this account type is meant for individuals who lack the required documents during account creation. But I had submitted all necessary documents, so why was such an account opened for me?

Can We Have More Bankers Like Victoria Mulero? An epitome of 'omoluabi'

At the Fatai Atere branch, I was attended to by a remarkable banker named Victoria Mulero. She requested my NIN, which I didn’t have on me at the time. Rather than send me back home, she asked if I had a digital copy. I did, and she graciously gave me her email address so I could forward it to her. With that, she resolved the issue promptly and professionally.

However, the following month, in March, the same restriction happened again. I returned to the Fatai Atere branch, and once again, Victoria Mulero handled my complaint with efficiency and kindness, resolving it without delay.

I hoped the matter was finally settled, but when my April salary arrived, the restriction was imposed yet again. This time, I was beyond frustrated and ready to replace Sterling Bank as my salary account. Still, I visited the Fatai Atere branch one last time. Once more, Victoria Mulero resolved the issue with grace and determination.

This write-up is a tribute to Victoria Mulero of Sterling Bank, Fatai Atere branch. She is a rare gem—respectful, diligent, and genuinely customer-focused. She went above and beyond, following up with the Akowonjo branch through calls and emails until the matter was fully resolved. She handled every situation with patience and empathy, treating the job as if the bank belonged to her family.

To be honest, I’ve had unpleasant experiences with many bankers, especially female staff. Too often, they carry personal frustrations into the banking hall and take it out on customers. But Victoria is different. She exemplifies what true customer service should be.

We may not all be the same, but treating people with respect and kindness is a skill that can be learned—and Victoria clearly has. Let’s celebrate her for being a model professional and a beacon of hope in an industry that too often lacks empathy.

Without any fear of contradiction, I say boldly that Victoria Mulero is a good ambassador of Sterling Bank and her parents too deserve encomium for raising a well trained daughter and impacting an attitude of ‘ omoluabi’ in her. We need more of Victoria Mulero in our banking industry.

Seun Jacob Ogunbiyi
Known as Olùkọ́, the therapeutic writer and Lagos based journalist

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