Business
Uju Kennedy Ohanenye: conscientious public servant deserves commendation, not trial By Victory Oghene
Uju Kennedy Ohanenye: conscientious public servant deserves commendation, not trial
By Victory Oghene
The shark- infested and mine-lined Nigerian politics has often proved to be graveyards of men and women of conscience.
The examples are legion from professor Tam David West to Tai Solarin to Dr.Olu Onagoruwa. The trial and tribulation of the former Minister of Women Affairs , Uju Kennedy Ohanenye is the latest in the long line of public figures who have given an unblemished account of themselves but finding themselves being on trial, a classic case of irony.
Highlighting Ohaneye’s unprecedented pedigree is no longer news much of it is in public domain.
Sources at the ministry of women affairs told NATIONAL WAVES that “the sum of N350 million was approved for her for travels. She travelled with only two aides which is rare among ministers or high ranking public servants. In spite of that she only spent N21 million, returning the balance to Wale Edun, the minister of finance and sought for approval to enable her use it to empower women.”
It was gathered that the sum of
IN70million was earmarked for her by the office of the Vice President to travel to Bahamas, but in a manner so unlike some other high ranking government officials, she wrote to the Deputy Chief of Staff that her presence was not needed in that trip. Thirdly, she was said to have raised the sum of N550million through private donation for the empowerment of women shortly before she was relieved of her job. ‘She refunded the money to the donors when she was relieved of her job”, a ministry source familiar with the matter disclosed to this medium.
She was said to have also specifically returned N100million to Authur Eze. She also refunded donations from Tony Elumelu’s UBA and others.
Professor Adeagbo Moritiwon a political scientist told this medium that “her removal was not due to lack of performance or competence but more to do with politics prevailing over every other consideration. Her case is just like Ade Ojo.”
So why did the EFCC go after such a minister who has displayed exemplary conduct in office.
The mere fact that the former minister did not run away but honorably honoured the EFCC invitation testifies to no hidden agenda.
Operatives of the Economic and Financial Crimes Commission were said to have quizzed her over alleged links to the misappropriation, violation of procurement processes, and diversion of public funds amounting to ₦138million.
Another source at the ministry said ” invitation does not mean guilt. If the EFCC had cause to raise an issue, then there is no crime in that. Inviting her to clarify matters is a routine thing. At the end of the day those who know her can bet on it that she will come out unscathed.”
The funds in question were allegedly misappropriated during the disbursement of the 2023 budgeted allocation for the ministry.
While clarifying her visit to the anti-graft agency via her x handle,
Ohanenye said that she was invited and as a law abiding citizen, honoured the invite of the anti graft agency.
“As a former public servant, I acknowledge that inquiries regarding past official activities are a standard part of ensuring accountability. In this spirit, I willingly honored the invitation from the Economic and Financial Crimes Commission (EFCC) on March 6, 2025, concerning allegations of a 138 million Naira diversion.
“I arrived at the EFCC headquarters at 2:15 PM, and the substantive discussions commenced at 2:50 PM. During this time, I provided comprehensive clarifications regarding my actions and expenditures throughout my tenure as the Minister of Women Affairs.I rounded up by 6:50pm and left thereafter
“I commend the EFCC for their professionalism and hospitality, and I appreciate the opportunity to address the matters that have recently been circulating in the media.
“I extend my sincere gratitude to President Asiwaju Bola Ahmed Tinubu for the privilege of serving my country and positively impacting the lives of many. I also express my appreciation to First Lady Senator Oluremi Tinubu for her steadfast support of myself and Nigerian women.
“I remain fully committed to cooperating with the EFCC and will be available for any further inquiries. It is the duty of every government official to be transparent and accountable for their time in office.
“During my tenure, my team and I executed our duties diligently, utilizing available resources effectively, and even supplementing with personal funds, demonstrating our dedication to the success of the Renewed Hope Agenda for Nigerian women and children.
“I assure that the facts and information will ultimately demonstrate the integrity of my actions”
While she held forte as Woman Affairs Minister, Ohanenye recorded a rare feat as regards her performance s
She explicitly understood that public service is for adding value to society.
Ohanenye profoundly had an in-depth perception of the purpose of government particularly Chapter II of the 1999 Constitution of the Federal Republic of Nigeria (as amended) which outlines the ‘Fundamental Objectives and Directive Principles of State Policy’ despite the fact the chapter as presently provided is not justiciable. Section 14 (2) supra provides thus; “It is hereby, accordingly, declared that; (b) the security and welfare of the people shall be the primary purpose of government”.
It would be recalled that Ohanenye was among five ministers relieved of their duties following the 19th Federal Executive Council meeting held at the State House in October 2024.
In her place, President Bola Tinubu reappointed the former Minister of State for Police Affairs, Imaan Suleiman-Ibrahim, as the new Minister of Women Affairs.
Oghene a renowned Journalist writes from Lagos
Bank
Atlantian Crown Bank Rebrands as Arizona Global Bank LLC, Begins Licensing for Global Expansion
*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
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
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.
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