Business

Why i dumped PDP – Jonathan’s Aide, Doyin Okupe reveals

Published

9 years ago

July 2, 2017

Doyin Okupe, a former Special Assistant to President Goodluck Jonathan on Political Affairs, has abandoned the Peoples Democratic Party.

In a Facebook post on Sunday, Mr. Okupe said the PDP had become so deep in crisis that the former ruling party could no longer be saved, notwithstanding the faction that emerges victorious in the ongoing battle for the party’s control between Ahmed Makarfi and Ali Sheriff.

Mr. Okupe served Mr. Jonathan as public affairs aide from 2012 until the former president was defeated in 2015.

The politician, from Ogun State, also said he would no longer participate in active politics for the foreseeable future unless he’s called upon by divine intervention.

Protracted crisis in the PDP has seen the party lose several of its political bigwigs since losing power after 16 years at the helm, including serving senators and members of the House of Representatives.

Read his full statement bellow:

It is time to say GOODBYE TO PDP.

It is with deep regret that I publicly announce my resignation from the People’s Democratic Party.

It has to be public because the PDP no longer exists in my ward as a single unified party; it was when I joined it.

My resignation is based on periods of long introspection and some of the following reasons:

It is no longer news that the PDP has been embroiled in a fratricidal internal crisis brought upon it by itself.

Its current direction is difficult to discern and I am convinced that even when the much-expected judgement from the Supreme Court is given, the future of the party is not likely to be significantly affected whichever way the judgement goes.

There seems to be too much deception, selfishness and gross nepotism in our polity nationally.

During the NRC and SDP era, there existed true nationalism and brotherhood.

Northern NRC politicians will under no circumstance undermine their party for any parochial reason. Also, neither will a Southern NRC politician, under any circumstance betray their party.

Abiola was a Yoruba man, yet those of us who were Yorubas in the NRC never once thought of voting for him.

The commitment in the North was even more profound. Even the Northern SDP rejected a distinguished successful Kano-born Presidential Candidate, Alhaji Bashir Tofa, and voted for a Southern Yoruba Muslim candidate. Worse than that, both Abiola and his running mate, Amb. Baba Gana Kingibe were Muslims. Yet, it did not matter.

Today, political parties have lost their importance and identities. Once the candidate is Northern, his party is immaterial, all northerners irrespective of their professed party affiliations will vote for him.

This is the major reason why there has been a total absence of opposition in the country in the last two years, and may probably be responsible for the polarisation and sharp ethnic divisions we are currently witnessing in the country.

In the east, there is intense anger and loud call for secession, in the south-south, there is absolute indignation and very resolute demand for total control of their resources, while the south-west is bellicose and hell bent on true federalism and restructuring which many prominent Northerners openly oppose for good or for bad.

Under these circumstances, political parties have lost their flavour and relevance.Certainly, a party like my former party, PDP has no future in the evolving Nigerian Political Circus.

This political confusion has percolated to the states, Ogun state being one of the worst hit.
The leadership of the party has been irredeemably fictionalised for nearly a decade.

Presently it is divided broadly into two major factions. One headed by Hon Ladi Adebutu and the other by Senator Buruji Kashamu.

Unfortunately, I do not fit into either group. Hence it becomes extremely difficult for me to operate as a politician under the PDP umbrella in the state. Yet, all politics is local.

The situation in the country may in the nearest future require that matured men of goodwill standby to play a unifying role for the political stability of the country. My membership of PDP may directly or indirectly preclude me from gratifying such noble and patriotic desire.

Undeniably, I have been one of the major beneficiaries (not financially) of the PDP. But for a fact, the PDP and the APC are political platforms that have now expired or in the process of being so.

Therefore, no matter my commitment and passion for this great party, the PDP, it has become menopausal and can no longer bear fruits.

I have therefore decided to withdraw a bit and study the political situation more critically and thereafter take a decision soonest on my next political move.

I will miss my friends, associates and co-travelers on this tortuous political journey and adventure. However, it is also still possible that our paths cross in the nearest future, which will be a delight.

But in spite of my stated pessimism, I sincerely express my best wishes to the more courageous party faithful who I am leaving behind, and I also pray for God’s guidance for them.

For how far I have gone, I remain eternally grateful to Almighty God and Jesus Christ my saviour, to whom ALL powers belong. If it is His will that I still play a role in National Politics in future, then most certainly, and by His grace, I WILL BE BACK.

Bank

Union Bank Honoured by ASBON at Nigeria National SME Business Awards

Published

51 minutes ago

May 13, 2026

Sahara Weekly

Union Bank Honoured by ASBON at Nigeria National SME Business Awards

Lagos, Nigeria – Union Bank of Nigeria has reaffirmed its reputation as a strong supporter of Nigerian businesses, receiving the Best SME Growth Banking Initiatives Award for 2025 from the Association of Small Business Owners of Nigeria (ASBON) at the Nigeria National SME Business Awards, held recently in Lagos.

The award was presented to the Bank in recognition of its strategic leadership in advancing the growth and resilience of small and medium-sized enterprises, through a differentiated suite of solutions designed to enable business expansion and long-term value creation.

Receiving the award on behalf of the Bank, Ayokunnumi Abraham, Head of SME Segment at Union Bank, described the recognition as a strong endorsement of the Bank’s commitment to supporting small and medium-sized businesses. He said:

“We are honoured to receive this recognition, which reflects Union Bank’s continued commitment to helping SMEs grow by making banking simpler, faster, and more accessible. Through enhancements to our specialised platforms such as Union360, we have meaningfully reduced the time it takes for businesses to come on board and begin transacting. These improvements have shortened onboarding, increased digital adoption among our SME customers, and supported the acquisition of new business clients. Our focus remains on delivering practical solutions that help Nigerian businesses thrive.”

Organised by ASBON in partnership with the Lagos State Government through the Ministry of Commerce, Cooperatives, Trade and Investment, the event convened stakeholders from the public and private sectors to recognise individuals and organisations driving meaningful impact across Nigeria’s SME ecosystem.

Union Bank remains focused on deepening its support for SMEs through customer-led solutions and processes that strengthen business growth across the ecosystem.

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

14 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.