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Stanbic IBTC Set To Host 2022 Africa-China Trade Expo

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Stanbic IBTC Pension Managers’ FUZE Talent Show wins Judges' Choice Award at 2023 WorldPensionSummit

Stanbic IBTC Set To Host 2022 Africa-China Trade Expo

Stanbic IBTC

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, would host the 2022 Stanbic IBTC Africa China Trade Expo as part of its efforts at promoting trans-regional trade and development between Nigeria and China. The trade expo would feature a panel discussion, masterclasses on trade, a presentation on the Stanbic IBTC Africa China Trade Solutions and a fully virtual exhibition.

The two-day hybrid conference and exhibition-themed “Synergy For Growth’ is slated for 10 and 11 August 2022, and is geared at providing insights and opportunities for participants. The event would serve as an avenue to showcase Nigerian and Chinese exhibitors, and would as well provide opportunities to build relationships within the trade community.

 

 

 

 

The physical conference is planned to feature keynote speeches and panel discussions by highly experienced subject matter experts and thought leaders in relevant industries and would be an opportunity for exporters and importers to engage and create a marketplace experience.

Speakers slated for the event include Philip Myburgh, Head, Pan-African China Banking, Standard Bank Group; and Ade Otukomaya, Head, Africa China Banking, Stanbic IBTC Bank. Others are Remy Osuagwu, Executive Director, Business and Commercial Clients, Stanbic IBTC Bank; and Wole Adeniyi, Chief Executive, Stanbic IBTC Bank PLC.

 

 

 

 

 

 

 

The panel discussion, with the theme ‘Promoting Export Activities through Synergy’, would have Samuel Oyeyipo, Deputy Director and Regional Coordinator, Nigerian Export Promotion Council, South West Regional Office, Lagos; Luthando Vuda, Head, Africa China Trade in Business and Commercial Clients, Standard Bank Group; Jane He, Business Manager, Pan Africa China Banking, Business and Commercial Clients, Standard Bank Group, Fola Abimbola, Analyst, Senior, Frontier Africa Equity Research Stanbic IBTC; and Victor Ayemere, Chief Executive, Zeenab Foods Limited, Operators of the Nigeria Export Trade House China/Far East Region as panelists.

Dr Demola Sogunle, Chief Executive, Stanbic IBTC Holdings, spoke on the rationale for the conference. He highlighted that the Stanbic IBTC Africa-ChinaTrade Expo hybrid Conference and Exhibition would be geared at showcasing Nigeria and China trade opportunities while emphasizing the role of Stanbic IBTC in facilitating inter-regional trade.

 

 

 

 

 

“China is Africa’s biggest trading partner by far and can foster strong trade routes and economies of scale, offering an incredible opportunity to do more than just import goods. With the emphasis on building strong synergy and relationship between China and Nigeria, the Stanbic IBTC Africa-China Trade Expo is expected to provide insights into Nigeria and China trade relations and the role of Stanbic IBTC as a facilitator of inter-regional trade, as well as provide advisory services, allowing trade partners access and unlock the opportunities in Nigeria-China trade,” Demola said.

“The topics for discourse at the two-day hybrid conference and exhibition would centre on building synergy between Nigeria and China’s economies, building synergy between government agencies and driving export activities through policies and initiatives. Other topics would include building export activities in partnership with Stanbic IBTC and promoting competitive advantage for enhancing export.”

 

 

 

 

 

 

 

“The exhibition would also showcase vendors who export from Nigeria to China and vice versa, spanning across agriculture, manufacturing, equipment, processing and packaging firms,” Demola added.

The Chief Executive noted that through its Africa China Trade Solution (ACTS) and other networks of relations between Africa and China, the financial service provider continued to facilitate economic trade and development between Africa and the Asian country.

 

 

 

 

 

 

 

 

 

 

Stanbic IBTC’s trade solutions such as Stanbic IBTC Africa China Trade Solutions (ACTS) continued to enable settlement of international transactions and mitigation of payment risk while providing regional solutions such as issuance of payment guarantees and letters of credit to Nigerian exporters.

 

Register via this link: https://tinyurl.com/stanbic-ibtc-events

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From Chicago to the Chair of Peter: Pope Leo XIV Makes History

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From Chicago to the Chair of Peter: Pope Leo XIV Makes History

By George O. Sylvester

On May 8, 2025, history was made within the walls of the Vatican as Cardinal Robert Francis Prevost, a Chicago-born prelate with deep roots in Latin America, was elected the 267th pope of the Roman Catholic Church. Taking the name Pope Leo XIV, he becomes the first American-born pontiff in the Church’s two-millennia history, a milestone that underscores the evolving global nature of Catholicism.

From Chicago to the Chair of Peter: Pope Leo XIV Makes History
By George O. Sylvester

A Historic Election
The conclave that elected Pope Leo XIV was notable not only for its outcome but also for its efficiency. The College of Cardinals, comprising 133 electors, the largest in history convened in the Sistine Chapel and, after just four ballots over two days, signaled their decision with the traditional white smoke. The swift consensus reflects the cardinals’ shared vision for the Church’s future, seeking a leader who embodies both continuity and renewal.

In his first public address from the balcony of St. Peter’s Basilica, Pope Leo XIV greeted the faithful with the words, “Peace be with all of you!” This simple yet profound message set the tone for a papacy aiming to bridge divides and promote unity within the Church and the broader global community.

A Life of Service and Scholarship
Born on September 14 1955 in Chicago, Robert Francis Prevost entered the Order of Saint Augustine and was ordained a priest in 1982. His academic pursuits led him to earn advanced degrees in canon law from the Pontifical College of St. Thomas Aquinas. However, it was his missionary work in Peru that defined much of his ecclesiastical career. Serving as bishop in the Diocese of Chiclayo, he became a naturalized Peruvian citizen in 2015, reflecting his deep commitment to the communities he served.

His tenure in Peru was marked by a focus on social justice and outreach to marginalized populations. This experience informed his later work in the Vatican, where he was appointed Prefect of the Dicastery for Bishops in 2023, overseeing the selection and appointment of bishops worldwide.

A Papal Name with Purpose
Choosing the name Leo XIV, the new pope aligns himself with the legacy of Pope Leo XIII, known for his 1891 encyclical “Rerum Novarum,” which addressed the rights and conditions of workers and laid the groundwork for modern Catholic social teaching. This choice signals Pope Leo XIV’s intention to continue advocating for social justice, labor rights and the dignity of the poor and oppressed.

Navigating Contemporary Challenges
Pope Leo XIV inherits a Church grappling with numerous challenges, including declining attendance in Western countries, debates over doctrine and social issues and the need for continued reform in the wake of clerical abuse scandals. His background suggests a leader prepared to address these issues with both compassion and resolve.

While maintaining traditional Catholic teachings on matters such as the priesthood and marriage, Pope Leo XIV has shown a willingness to engage in dialogue on contentious issues. He has emphasized the importance of pastoral care and inclusivity, particularly concerning immigrants and the marginalized.

A Global Reception
The election of an American pope has been met with enthusiasm across the United States and Latin America. In Peru, where he served for many years, celebrations erupted, with many expressing pride in his elevation to the papacy. In the U.S., Catholics see his election as an opportunity to reinvigorate the Church’s presence and address local concerns, such as priest shortages and declining participation.

World leaders have also extended their congratulations. Spanish Prime Minister Pedro Sánchez expressed hope that Pope Leo XIV’s pontificate would “contribute to strengthening dialogue and the defense of human rights in a world in need of hope and unity.”

Looking Ahead
As Pope Leo XIV begins his papacy, he faces the monumental task of guiding the Catholic Church through a complex and rapidly changing world. His unique blend of American roots, Latin American experience and Vatican leadership positions him to address both internal Church matters and broader global issues.

His commitment to peace, unity and social justice, coupled with a deep understanding of diverse cultures and communities, offers a hopeful vision for the future of the Catholic Church. As he embarks on this new chapter, Catholics worldwide will look to Pope Leo XIV for leadership that honors tradition while embracing the need for renewal and inclusivity.

In the words of Pope Leo XIV himself: “Peace be with all of you!” A simple greeting that carries the weight of a new era for the Catholic Church.

From Chicago to the Chair of Peter: Pope Leo XIV Makes History
By George O. Sylvester

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Nigeria’s Real Political Party: The Party of Defectors

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Nigeria’s Real Political Party: The Party of Defectors By George Omagbemi Sylvester

Nigeria’s Real Political Party: The Party of Defectors

By George Omagbemi Sylvester

In the ever-chaotic theater of Nigerian politics, there is one political party that has never lost a single election, one party whose membership transcends ideology, region or religion: The Decampee Party. Call it satirical, call it tragic, but it is the harsh and honest reality of Nigeria’s political ecosystem. This unofficial but most dominant party is powered not by vision or values, but by opportunism, betrayal and a deep-rooted contempt for the Nigerian electorate.

Across Nigeria’s political spectrum, party affiliation has become a farce. Politicians jump ship more often than they deliver basic amenities. The concept of loyalty to a party manifesto, ideology or principle has eroded. Instead, politicians dance to the rhythm of self-preservation, defecting whenever personal ambition or legal battles threaten their current status.

A Culture of Defection: A Brief History

Defection in Nigerian politics dates back to the First Republic, but it has become a normalized tradition in the Fourth Republic. The 1999 Constitution under Section 68(g) provides a loophole: legislators can defect if there is a division in their party. Nigerian politicians have weaponized this provision to justify shameless defections that have little to do with principle and everything to do with political survival.

In 2014, five PDP governors—Rotimi Amaechi (Rivers), Rabiu Kwankwaso (Kano), Abdulfatah Ahmed (Kwara), Murtala Nyako (Adamawa), and Aliyu Wamakko (Sokoto) defected to the APC, a defection that laid the foundation for Muhammadu Buhari’s victory in 2015. By 2018, some of them returned to PDP when the tides changed.

Who can forget the spectacle of Femi Fani-Kayode, Nigeria’s master of U-turns, who once described the APC as a “Satanic party” and President Buhari as “a curse to Nigeria,” only to later join the APC with the fanfare of a prodigal son returning to his father’s mansion?

A Game of Survival, Not Service

Political parties are supposed to be vehicles for policy direction and ideological clarity. In developed democracies, parties represent core values. The Democrats and Republicans in the U.S., the Labour and Conservative parties in the UK, each has a distinct identity. In Nigeria, however, the only ideology is power and the only constant is greed.

Former President Olusegun Obasanjo once said, “There is no political party in Nigeria; they are all platforms for capturing power.” That quote, though stinging, is spot-on.

The average Nigerian politician does not defect because of a disagreement with policy or a change in personal ideology. No, They defect to escape corruption trials, reclaim lost political relevance or align with the federal might ahead of an election.

From PDP to APC and Back Again: Who’s Fooling Who?

In Nigeria, it is common to hear phrases like “I have returned to my political family.” But what family changes every four years? The PDP ruled Nigeria from 1999 to 2015 and was dubbed the “largest party in Africa.” Then came the APC, a merger of desperate opposition forces, including disgruntled PDP members. As soon as the APC took power, the PDP was declared dead. Yet, like a zombie, it came back to life as more APC members became disillusioned.

Bola Ahmed Tinubu, Nigeria’s current president, himself is a classic product of this decampee culture. A one-time PDP supporter in the early 2000s, Tinubu eventually became the brain behind the APC. Today, his administration is filled with recycled PDP members, proving once again that the Nigerian political class is just one extended family quarrelling over control of the national pot/cake.

Power for Power’s Sake

Nigeria’s economy has been crippled by leaders who see public office as a meal ticket. Unemployment stands at over 33%, inflation at nearly 30% and over 133 million Nigerians live in multidimensional poverty. Yet, politicians spend billions campaigning and cross-carpeting, while hospitals decay, universities strike and roads kill.

They defect from the party they helped destroy to join the one they once condemned, only to resume the cycle of looting and neglect. They promise “CHANGE,” then deliver “CHAINS”. They preach “RENEWED HOPE,” but all they offer is “RECYCLED FAILURE”.

The PEOPLE as COLLATERAL DAMAGE

The biggest losers in this culture of defection are the Nigerian people/masses. With no real ideological compass, the masses are dragged along in confusion. A politician elected under PDP defects to APC mid-term and expects his constituents to accept the change without question. Votes are rendered meaningless as parties are no longer platforms of choice, but mere logos to print on ballot papers.

Political campaigns have become carnivals of lies. One day, a politician is fighting corruption under the EFCC’s radar. The next day, he defects to the ruling party and all investigations mysteriously vanish.

We Must Judge Leaders, Not Labels

So many a citizen(s) with a conscience, have long abandoned party loyalty. Many allegiance is to performance, not platform. They evaluate every leader based on their stewardship. If you build roads, equip schools, secure lives and create jobs, you earn their respect, regardless of the party that sponsors your ambition.

According to Hon. Sam Iweka (BoT chairman PDP-SA) “This may sound anti-party, but it is the only logical position in a political landscape where parties mean nothing and politicians belong to all and none”.

As Nigerian author and Nobel laureate Wole Soyinka once said: “The man dies in all who keep silent in the face of tyranny.” We must stop enabling incompetence just because it wears the color of our preferred party.

Time for the Electorate to Defect Too

The tragedy is not just the defections by politicians, but the tribal, religious and party-blind loyalty of the electorate. Nigerians must begin to defect from the politics of ethnicity and emotion to the politics of accountability and metrics.

Enough of “HE IS OUR SON,” “IT’S OUR TURN,” or “NA OUR PARTY.” Ask: DID HE/SHE SERVE? DID HE/SHE DELIVER? DID HE/SHE LOOT or LEAD?

To quote Chinua Achebe, “The trouble with Nigeria is simply and squarely a failure of leadership.” But that failure thrives because we, the people, have accepted mediocrity as destiny. We must break this spell and become citizens, not spectators.

By and Large: Rebuilding the Broken System

The cure to this sickness is institutional reform. Nigeria needs independent political parties built on ideology, backed by enforceable party constitutions and run by patriots, not godfathers. The judiciary must stop legitimizing sham defections. INEC must stop rewarding political prostitution with automatic tickets.

Above all, the Nigerian voter must rise. The real power lies not with the defector-in-chief, but with the citizen. When we begin to judge politicians by results and not slogans or party colors, then and only then, will we reclaim this republic from the hands of serial defectors.

Let it be known today: Nigeria’s biggest political party is not APC, PDP or LP, it is the Decampee Party. And unless we reform our democracy, it will remain the only party that always wins, while the people continue to lose.

Nigeria’s Real Political Party: The Party of Defectors
By George Omagbemi Sylvester

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You’re a liar, apologise to seyi Tinubu within the next 24 hours or you will be arrested

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By Collins Nkwocha

The prophet to the president of the federal Republic of Nigeria, the prophetic hall of fame and Ambassador of peace, Prophet Godwin Ikuru of Jehovah Eye Salvation Ministry has outrightly criticised the factional leader of NANS Atiku Abubakar Isah for the allegations he labelled against the son of the president,Seyi Tinubu,he recapitulated that it’s malicious, politically engineered to denigrate the image of the Tinubu family.

Speaking to newsmen today in Lagos, prophet Ikuru maintained that Isah’s accusation is a guesswork without any backing “I know Seyi Tinubu very well, Seyi knows me too, he’s a well behaved person,Seyi Tinubu is not someone of questionable character and I know that everything Isah is saying is politically motivated with the aim of denigrating and denting the image of the Tinubu’s family,the Tinubu’s family is my family because the mother to Mr.president ,mama Mogaji fed me on so many occasions when I was coming up as a man,i will not sit back and watch anyone rubbish that family”

The prophet of the nation demanded an immediate apology from Isah for the false allegations “I want to state it categorically that he must apologise to seyi Tinubu or I will order his immediate arrest, and his plan will never work against Tinubu,Baba is retaining his seat in 2027”

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