News
Fresh squabbles rock First Bank’s board, threaten recapitilisation
Fresh squabbles rock First Bank’s board, threaten recapitilisation
By: Michael Mike
A fresh round of squabbles is currently rocking the board of First Bank of Nigeria, a development shareholders fear poses major threat to the bid by the first generation financial institution 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.
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.
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.
Fresh squabbles rock First Bank’s board, threaten recapitilisation
News
Seven farmers killed in Plateau attack as reprisal cycle deepens
Seven farmers killed in Plateau attack as reprisal cycle deepens
By; Zagazola Makama
The killing of at least seven farmers in Bum community, Chugwi area of Vwang District, Jos South Local Government Area (LGA) of Plateau State, late Wednesday, has been widely interpreted as the latest link in a rapidly escalating chain of reprisal violence that has gripped several parts of the state since early December 2025.
Sources told Zagazola Makama that the attackers, Fulani Bandits struck at about 11:00 p.m. on Wednesday, Dec. 31, 2025, when most villagers were already asleep, killing the farmers in their homes and nearby farmlands before fleeing.
Confirming the incident on Thursday, the spokesperson of the Berom Youths Moulder-Association (BYM), Mr Rwang Tengwong, said seven bodies had so far been recovered, while search and rescue operations were ongoing in surrounding bushes.
Tengwong said the attack occurred despite earlier security alerts warning that several communities in Jos South LGA were under imminent threat.
“According to local sources, the tragic incident occurred despite an earlier security alert indicating that some communities in Jos South LGA had been earmarked for possible attacks,” he said.
“Sadly, Bum community has now fallen victim to this renewed wave of violence. This attack adds to the growing list of assaults on innocent rural communities in Plateau State.”
However, the attack was linked to the Bum killings, a reprisal cycle triggered by a series of violent incidents involving pastoral and farming communities across Barkin Ladi, Jos East, Riyom and Jos South LGAs throughout December 2025.
The immediate backdrop to the Bum attack was the shooting of five Fulani youths on Dec. 27, 2025, near Con Filling Station along Bukuru Express Road, close to Angle D in Jos South LGA.
The victims, Abubakar Aji, Idi Saleh, Sulaiman, Nura Muhammad Detta and Dabo Abubakar were returning from Bukuru Cattle Market (Kara Market) when gunmen suspected to be Berom militias allegedly opened fire on their vehicle without provocation.
They sustained critical injuries and were rushed to Jos University Teaching Hospital for treatment.
The Plateau State Chairman of the Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN), Alhaji Ibrahim Yusuf, condemned the shooting, describing it as part of a recurring pattern of attacks on Fulani travellers and pastoral communities.
He called for urgent investigation and improved security along major roads and commercial routes in the state.
Security sources note that the Dec. 27 shooting itself followed a more deadly incident on the night of Dec. 16, 2025, when gunmen reportedly attacked an illegal mining site at Tosho community in Fann District, Barkin Ladi LGA.
During that attack, 12 miners were killed and three abducted after the assailants allegedly demanded information on the whereabouts of 171 cattle stolen from Nding community on Dec. 10, 2025.
The December violence had begun earlier with attacks on pastoral assets. On Dec. 12, 2025, herders in Nding community, Fan District of Barkin Ladi LGA, lost about 137 cattle to rustlers. The animals reportedly belonged to Alhaji Wada Sale, Abdullahi Yusuf and Alhaji Talba Abubakar.
Less than 24 hours later, another rustling incident was reported in Kukukah community of Jos East LGA, where 34 cattle were driven away, though three later returned.
Soon after, nine cows reportedly died after allegedly consuming poisonous substances around Kwi village in Riyom LGA, further heightening tensions.
The situation deteriorated sharply two days later when four children were killed in Dorong village, Foron District of Barkin Ladi LGA, in what residents described as a Fulani reprisal attack. The victims were identified as Precious Joshuah, 17; Isa’ac Joshuah, 9; Mary Joshuah, 7; and Eve Sambo, 3.
Following that incident, retaliatory attacks reportedly continued, including an assault on Gero village in Jos South LGA, where several cattle were killed or fatally wounded.
Zagazola Makama noted that the killing of the seven farmers in Bum community fits a familiar pattern; attacks on cattle or pastoral communities, followed by retaliatory violence against farming settlements, and counter-reprisals along ethnic and communal lines.
Zagazola has repeatedly warned that unresolved cattle rustling, livestock poisoning and targeted killings often serve as triggers for revenge attacks on innocent civilians, creating a self-perpetuating cycle of violence.
Despite repeated early warnings and alerts, affected communities continue to accuse authorities of slow response, selective enforcement and failure to decisively dismantle armed militias on all sides.
As of press time, official reactions from security agencies on the Bum attack had yet to be issued.
Meanwhile, residents fear that without urgent, impartial intervention, the latest killings could provoke further reprisals, deepening insecurity across Plateau State at a time when many communities are still mourning losses from earlier December attacks.
Seven farmers killed in Plateau attack as reprisal cycle deepens
News
Army troops foil bandits’ attack, neutralise five in Plateau
Army troops foil bandits’ attack, neutralise five in Plateau
By: Zagazola Makama
Troops of 3 Division of the Nigerian Army and the Joint Task Force, Operation Enduring Peace (JTF OPEP), have foiled an attempted attack on communities in Plateau State, neutralising five bandits and recovering arms and ammunition.

Zagazola Makama gathered that the operation was carried out in the early hours of Thursday as part of the ongoing Operation Peace Shield, according to military sources.
The sources said the troops, acting on credible intelligence, laid an ambush along the Dutsen Zaki–Odare Forest axis in Wase Local Government Area, where bandits were mobilising to attack adjoining communities.
“During the firefight that ensued, troops neutralised five bandits, while others fled with gunshot wounds,” the source said.

Items recovered from the scene included two AK-47 rifle magazines loaded with 11 rounds of 7.62mm (Special) ammunition, two machetes and one knife.
The military said troops were currently on the trail of the fleeing bandits to prevent regrouping and further attacks in the area.

The operation, it added, was part of sustained efforts by troops of 3 Division and JTF OPEP to deny criminal elements freedom of action and ensure the safety of residents across the Joint Operations Area in Plateau State
Army troops foil bandits’ attack, neutralise five in Plateau
News
Zulum Inaugurates 48-Classroom High Islamic College in Gubio
Zulum Inaugurates 48-Classroom High Islamic College in Gubio
… Commissions 3 projects executed by Gubio LGA
By: Our Reporter
Borno State Governor, Babagana Umara Zulum, on Tuesday, officially opened a newly constructed 48-classroom High Islamic College in Gubio Local Government Area of northern Borno.

The state-of-the-art institution is designed to offer a hybrid curriculum that integrates western education with traditional sangaya (Qur’anic) educational system.

Zulum had introduced an integrated policy framework which aims to provide students with a holistic education, grounding them in both religious principles and contemporary academic knowledge.

Speaking at the commissioning ceremony, Zulum emphasised that the college is structured to ensure its graduates are not only deeply rooted in Islamic scholarship but are also fully equipped and qualified to pursue higher education in conventional institutions.
“Our focus has been on revitalising the system by preserving its rich tradition of Islamic scholarship while introducing modern subjects and vocational skills. We recognise the historic role of sangaya education in shaping moral values, discipline, and learning within our communities, while also equipping learners with essential skills in literacy, numeracy, science, technology, foundational English, and vocational training to enable them to function effectively and competitively in today’s society.”

“Through institutions operating under the National Board for Arabic and Islamic Studies (NBAIS) approved curriculum, sangaya learners are now receiving a balanced education that integrates Islamic Studies with modern knowledge. These reforms have created clear pathways for graduates to obtain O-Level equivalent certification and, where they so desire, progress to higher institutions of learning to further develop their potential.”
The facility, in addition to the 48 classrooms, also features administrative blocks and a library. It is expected to serve hundreds of students from Gubio and surrounding communities, reducing the need for children to travel far from home for quality integrated education.

Zulum also commissioned the Gubio II Junior Day Secondary School, executed by Borno State Government. During a tour of the facilities, the Commissioner for Education, Engr Lawan Abba Wakilbe, explained that classrooms are intended to provide safe and inclusive learning spaces, with a particular focus on improving access for adolescent girls.
… Commissions 3 projects executed by Gubio LGA
Meanwhile, Governor Babagana Umara Zulum has commissioned three projects executed by the Chairman of Gubio Local Government Area, Mali Bulama Mali Gubio.
The projects include Gubio Oil Mills, Zulum Ultramodern Clinic, and Mustapha Gubio Shopping Complex.
The occasions were attended by the Shehu of Borno, Abubakar Ibn Umar Garbai Elkanemi; Senator Mohammed Tahir Monguno; and Members of the House of Representatives, Usman Zanah and Engr Bukar Talba.
Other dignitaries include the Speaker Borno State House of Assembly, Abdulkarim Lawan, commissioners, special advisers and other senior government officials.
Zulum Inaugurates 48-Classroom High Islamic College in Gubio
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