Business

OGUN INDIGENES IN DIASPORA HONOUR PASEDA , hails his humanitarianism donation

Published

9 years ago

July 2, 2017

By Michael-Azeez Ogunsiji, Abeokuta

Ogun State Indigenes in United States of America under the umbrella of Egba Descendants Association at the weekend appointed Ogun State governorship hopeful, Otunba Rotimi Paseda as its Patron

The association which comprises of Egba unsigned from Ogun State while playing host to Paseda at Oduduwa hall, Dallas, Texas, USA stated that the unanimous decision to honour the governorship hopeful was based on his various socio-economic and political activities, particularly his humanitarian gestures, through his foundation, towards the residents of Ogun State.

The Association President, Mr. Kenny Sunmonu while commending Otunba Paseda for accepting the patronship and attending the June meeting of the association emphasized that, Paseda’s unblemished character and sincerity aimed at bettering the lives of the downtrodden further gave the members confidence to appoint him as Patron.

According to him, “Our members are indeed happy to have someone like you as our patron. We have heard a lot about you, your contributions and your various programmes, particularly your humanitarian activities through your foundation to help our people in Nigeria.

“Definitely, you are someone we can partner with in improving the lives of our people back home in Nigeria, ” Sunmonu averred.

Also speaking, the Treasurer of the association, Mr. Ladi Lemboye briefed Paseda on the history and various activities of the association.

Lemboye, who was the Assistant Secretary General of Egba National Association US and Canada, said that the Dallas chapter would continue to offer support to the down-trodden and the needy people within the Egba communities in Ogun State.

He explained that various programmes, which include award of scholarship to needy students, would soon be carried out for secondary schools students within Ogun Central Senatorial District.

While speaking, the Founder, Paseda Legacy Foundation, Otunba Rotimi Paseda expressed appreciation to the members of the association for their support, promising to play his part as the Patron of the association.

Paseda who told the gathering of his intention to govern Ogun State in 2019, declared that despite been an Ijebu man from Ogun East Senatorial District he sees the whole of the state as his constituency, which informed his readiness to give back to all sections and accepting the Egba Descendants patron.

He maintained that, if elected, he is fully prepared to provide an alternative good government to the people compared to what obtained under the past and present government in the state.

Paseda therefore, donated N1 million to support the charity programme of the association in Egbaland, assuring them of his steadfast readiness to sacrifice all possible at his disposal for the development of the Gateway State.

Among those present at the event were three past presidents of the association – Dr. Ayo Ogundele, Pastor Phillip Ajayi and Deacon Olufemi Oyegunle, Vice President, Deaconess Elizabeth Oyeniyi, General Secretary, Mrs. Ajibola Ogundele.

Bank

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

Published

13 hours ago

May 12, 2026

Sahara Weekly

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._

Bank

Fidelity Bank grows Gross Earnings by 45.6% for FY 2025

Published

13 hours ago

May 12, 2026

Sahara Weekly

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.

Business

ALIKO DANGOTE FOUNDATION’S FORGES PARTNERSHIP WITH ISLAMIC DEVELOPMENT BANK

Published

15 hours ago

May 12, 2026

Sahara Weekly

ALIKO DANGOTE FOUNDATION’S FORGES PARTNERSHIP WITH ISLAMIC DEVELOPMENT BANK

Ms. Zouera Youssoufou, Managing Director & CEO of Aliko Dangote Foundation (ADF) in company with Mr. Ahmed Iya, Head of Community Engagement & Polio Eradication of ADF visited Dr. Rami Ahmad, Vice President (Operations) of the Islamic Development Bank at IsDB Headquarters in Jeddah.

The delegation used the occasion to highlight the activities of the Foundation so far which made great impact on people of all races by enhancing opportunities for social change through strategic investments that improve health and wellbeing, promote quality education, and broaden empowerment opportunities for individuals and communities.

Dr. Rami also expressed his expectation of a good and rewarding partnership between the two organisations, as many member countries of the IsDB face pressing debt challenges that constrain their investments in people and livelihoods.