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Corporate Affairs Commission places First Bank record on caveat as board crisis worsens

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Corporate Affairs Commission places First Bank record on caveat as board crisis worsens

. As ex-AMCON chair accuses bank of promoting illegality and disobedience to court orders

By: Michael Mike

The Corporate Affairs Commission, CAC, has placed the record of First Bank of Nigeria (FBN) Holdings on caveat pending the resolution of the current crisis rocking the board of the bank as a result of multiple court cases filed by aggrieved directors.
The current crisis rocking the bank stems from protests by shareholders who are kicking against the bank’s internal governance and shareholding structure, as a result of which some of them have taken their grievances to the court. One of such is the case of Olusegun Samuel Onagoruwa v. FBN Holdings Plc in Suit No. FHC/L/CP/1271/2022), which is challenging the capacity of the Board of Directors of FBN to appoint new persons to fill vacant slots.
Onagoruwa in his suit is seeking “an order setting aside, nullifying, annulling and/or quashing the appointments and approvals of Mr. Olusola Adeeyo, Mr. Viswanathan Shankar, Mrs. Remilekun Adetola, Mr. Anil Dua and Mrs. Fatima Ibrahim as Non-Executive Directors of First Bank of Nigeria Limited made on the 20th day of March, 2024, by FBN Holdings Plc during the pendency of this action and in defiance of the subsisting order of this Honourable Court made on the 15th day of July, 2022.”
The motion also seeks an order restraining the above-named non-executive directors from acting or taking any steps as non-executive directors of the bank. The current court case follows similar four other cases pending at the Federal High Court in Lagos and Abuja challenging the internal governance of FBN Limited, in addition to existing court injunctions restraining the bank from holding the last two Annual General Meetings which the bank went ahead to hold.
In a new twist to the crisis, the Corporate Affairs Commission in a letter titled
“RE: NOTIFICATION OF PENDENCY OF SUIT NO. FHC/L/CP/1575/23 AGAINST FBN HOLDINGS PLC, AND SUBSISTING INTERIM ORDERS OF THE FEDERAL HIGH COURT MADE ON THE 9TH DAY OF AUGUST 2023 RESTRAINING FBN HOLDINGS PLC FROM HOLDING OR PROCEEDING WITH ITS ANNUAL GENERAL MEETING PURPORTEDLY HELD ON THE 13TH DAY OF AUGUST 2023”, weighed in on litigations threatening to tear the old generation bank apart.
Signed on behalf of the Registrar General of CAC by Chidimma Maureen Nwite, the Commission in a letter to lawyers to some of the parties in court against FBN Holdings said
“This is to inform you that the record of FBN Holdings PLC RC: 916455 has been placed on caveat pending the determination of Suit No. FHC/L/CS/1575/2023.
Please be guided accordingly.”
Speaking on the multiple crises rocking the foundation of First Bank, a former Chairman of Asset Management Corporation of Nigeria, AMCON and Senior Advocate of Nigeria, Dr. Muiz Banire accused the first generation financial institution of promoting illegality and flagrant disobedience of court orders, a development shareholders fear poses major threat to the bid by the bank to strengthen its capital base in line with the recent directive of the Central Bank of Nigeria to all banks operating in the country to recapitalize.
Banire who is involved in one of the court cases said “the Bank seems to now have a reputation of defying court orders. What I just read is similar to the case Iam handling also. The Bank appears to be building a reputation of lawlessness and by the time it boomerangs, the bank and by extension the shareholders will bear the brunt. I am sure the plaintiffs will not allow them to get away with the illegality. The case of the bank is becoming a bubble.”
He further said “I also believe the CBN is aiding and abetting the Board of Directors the apex bank imposed. Everything the Board is doing is beyond their mandate. The Apex Bank needs to dissolve the Board and allow the shareholders to choose their Directors. It is one illegality after another.”
According to one of the workers union leaders in the bank, “as the tenure of the imposed directors is expiring, the same illegitimate Management of FBN, whose legitimacy is being challenged, has gone further, during the pendency of the cases challenging their competence to lead the bank, to arbitrarily appoint further five independent directors. Where they derived the power from remains a mystery.
“Mismanagement and manipulation of shares are also being alleged in some of the cases pending against the bank while the legality of the AGMs and the imposed board of directors remain a challenge.” The union leader expressed the fear that the spate of litigations and board squabbles currently rocking the bank may bring a quick collapse of the over 100-year- old bank.
Also speaking on the development, a shareholder, Mr. Olalekan Babalola, said “it is imperative for the authorities to find a solution to this lingering crisis as Nigeria cannot afford another major bank’s collapse at this critical time when President Bola Tinubu is working hard to revamp the nation’s crumbling economy. This is because the current crisis will definitely impede the bank from getting the new Central Bank’s capitilisation threshold.”
He called for urgent resolution of all court cases in the overall interest of depositors, shareholders and other stakeholders of the bank before further damage is done to the oldest Nigerian bank.

Corporate Affairs Commission places First Bank record on caveat as board crisis worsens

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NSCDC, TETFund Partner to Strengthen Security in Nigerian Tertiary InstitutionsMichael Olugbode in Abuja

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NSCDC, TETFund Partner to Strengthen Security in Nigerian Tertiary Institutions
Michael Olugbode in Abuja

By: Michael Mike

The Nigeria Security and Civil Defence Corps (NSCDC) has partnered with the Tertiary Education Trust Fund (TETFund) and the International Academy for Gender and Peace (IAGP) to strengthen security management across tertiary institutions in the country.

The partnership was unveiled in Abuja on Tuesday as NSCDC Commandant General, Prof. Ahmed Audi, opened a four-day specialised workshop on Campus Security Management (CSM) for 600 Chief Security Officers (CSOs) drawn from tertiary institutions across the 36 states and the Federal Capital Territory (FCT).

Audi said the initiative had become necessary amid growing security threats confronting campuses, including cultism, violent extremism, kidnapping, gender-based violence, cybercrime, drug abuse and campus unrest.

He warned that the security challenges affecting the wider society were increasingly finding their way into academic environments, stressing that some individuals who later became involved in serious crimes such as banditry and kidnapping had begun their criminal activities while on campuses.

The NSCDC boss therefore charged the participating CSOs to adopt proactive approaches to campus security and continuously update their knowledge to meet emerging threats.

He urged them to remain vigilant and committed to protecting lives and property while respecting the fundamental human rights of students and staff.

The Course Director and President of IAGP, Prof. Frederick Tyoor, said the workshop was designed to re-tool campus security personnel with modern skills for identifying and addressing vulnerabilities before they develop into major security incidents.

Tyoor emphasised the importance of intelligence gathering and effective utilisation of security information, saying proactive intelligence could help neutralise threats before they materialise.

Representing TETFund Executive Secretary, Arc. Sunny Echono, Dr. Yusuf Gamawa reaffirmed the fund’s commitment to initiatives aimed at creating safe and conducive learning environments in tertiary institutions.

A goodwill message was also delivered by Prof. Bilyaminu Muhammed, Professor of Demography and Industrial Sociology at Nasarawa State University, Keffi.

The four-day workshop brings together experts from academia and security agencies to train participants on contemporary approaches to campus security management.

The initiative is expected to strengthen the capacity of Chief Security Officers to anticipate, prevent and respond effectively to security threats across Nigeria’s tertiary institutions.

NSCDC, TETFund Partner to Strengthen Security in Nigerian Tertiary Institutions
Michael Olugbode in Abuja

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Togolese Public Health Expert Takes Charge of West Africa’s Health Agency

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Togolese Public Health Expert Takes Charge of West Africa’s Health Agency

By: Michael Mike

The West African Health Organisation (WAHO), the specialised health institution of the Economic Community of West African States (ECOWAS), has entered a new leadership era with the assumption of office of Togolese public health expert, Professor Palokinam Pitché, as its Director-General.

Professor Pitché formally took over the leadership of the regional health body on Tuesday, September 1, 2026, with a mandate to strengthen health cooperation and support efforts to improve the wellbeing of populations across the ECOWAS region.

His emergence places a seasoned physician, public health specialist, academic and health-programme administrator at the helm of an institution responsible for promoting regional cooperation on health matters.

The ECOWAS Authority of Heads of State and Government had approved Pitché’s appointment for the 2026–2030 mandate at its 69th Ordinary Session in Lungi, Sierra Leone, in July. The final communiqué of the summit specifically listed Dr Palokinam Pitche of Togo as the new Director-General of WAHO.

Pitché comes to the regional position with more than 25 years of experience spanning public health administration, health-programme management, health-system strengthening and professional training.

Before his appointment, he served as National Coordinator of Togo’s National AIDS Control Programme between 2007 and 2012. In 2012, he became head of the Permanent Secretariat of Togo’s National Council for the Fight against AIDS and Sexually Transmitted Infections, a multisectoral structure attached to the Togolese Presidency.

His experience extends beyond Togo. Since 1996, he has undertaken consultancy assignments for major international health and development institutions, including the World Health Organisation (WHO), UNAIDS, USAID, WAHO, UNDP and UNFPA.

His assignments have included the development of health policies and strategic plans, resource mobilisation and efforts to harmonise HIV treatment protocols and postgraduate training curricula across ECOWAS countries.

The new WAHO chief is also a career academic.

A Professor of Dermatology and Venereology under CAMES since 2007, Pitché obtained his Doctor of Medicine degree from the University of Lomé and became an Associate Professor of Medicine in 2002.

His specialised training has covered dermatology and venereology, epidemiology, HIV, parasitology and tropical medicine, as well as immunology, vaccinology and biotechnology applied to infectious diseases. His training and professional development included institutions such as Université Paris-Sud, Johns Hopkins/CDC and the WHO in Geneva.

He has taught at the Faculty of Health Sciences of the University of Lomé since 1997 and has also served as head of the Dermatology and Venereology Department at CHU Sylvanus Olympio in Lomé since 2015.

His academic record is equally substantial. He is credited with more than 250 scientific publications and four books, particularly in the fields of dermatology, sexually transmitted infections, HIV/AIDS and sexual health.

Pitché assumes the WAHO leadership at a time when health security remains a major regional concern, with West African countries continuing to face infectious diseases, public-health emergencies and the need for stronger and more coordinated health systems.

His extensive experience working across governments, international organisations, development partners and community institutions could therefore prove significant as WAHO seeks to deepen regional health cooperation.

His appointment is also part of a broader renewal of ECOWAS institutions for the 2026–2030 cycle. Alongside Pitché’s appointment, the regional bloc approved new leadership for several key institutions, including the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA).

For WAHO, however, the immediate challenge is translating Pitché’s extensive technical and managerial experience into stronger regional coordination and measurable improvements in health outcomes.

With a career that combines clinical medicine, public health administration, academia, international consultancy and scientific research, the Togolese professor takes charge of WAHO with a profile closely aligned with the complex demands of West Africa’s health landscape.

His four-year tenure is expected to place renewed emphasis on strengthening regional health systems and advancing cooperation among ECOWAS member states in pursuit of better health outcomes for their populations.

Togolese Public Health Expert Takes Charge of West Africa’s Health Agency

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Massive Passport Intervention Launched for Nigerians in UK

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Massive Passport Intervention Launched for Nigerians in UK

By: Michael Mike

In a major effort to alleviate long-standing delays and streamline consular services for citizens living abroad, the Federal Government of Nigeria has deployed a special Passport Intervention Team to four major regions across the United Kingdom.

The initiative, directed by the Minister of Interior, Dr. Olubunmi Tunji-Ojo, followed strategic consultations between the Nigeria Immigration Service, the High Commission of Nigeria, and local UK diaspora representatives.

The mobile team aims to make passport acquisition and renewal significantly easier for thousands of resident Nigerians, bringing official processing operations directly to regional hubs.

Under the scheduled arrangement, operations will kick off simultaneously in London and Manchester, running from September 7 to September 19. London applicants will be served at Layali Lounge along Bramley Road, while those in Manchester can access services at Nigerian House on Platt Lane.

The intervention will then shift to Scotland and Wales from September 21 to September 26, with venues established at the Hilton Convention Centre on Smithfield Road in Aberdeen and Sophia Gardens in Cardiff.

Officials emphasized that while the physical venues will handle biometric capture and application resolutions, all prospective applicants must first complete their registrations and financial transactions online through the official portal at passport.immigration.gov.ng.

The service confirmed that no physical cash payments or unregistered walk-ins will be permitted at any of the intervention centres.

This UK outreach comes as part of a broader reform strategy by the Ministry of Interior aimed at modernizing passport issuance, reducing processing backlogs, and ending the frustration often faced by Nigerians in the diaspora when attempting to renew critical travel documents.

Massive Passport Intervention Launched for Nigerians in UK

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