National News
VP Shettima Extols UBA’s Dedication To Innovation, Emerging Markets At 75
VP Shettima Extols UBA’s Dedication To Innovation, Emerging Markets At 75
** Says bank has shaped narrative of what African institutions can become
By: Our Reporter
The Vice President, Senator Kashim Shettima, has extolled what he termed the staying power of the United Bank of Africa (UBA Group) in the past 75 years, describing the financial institution as a pacesetter in innovation, emerging markets and generational ambition.
“Seventy-five years is not something you pick up at a supermarket. It is earned. It’s through risks and calculations, through storms and sunshine, through mergers and acquisitions, and through the brainpower and courage of those who believe in its promise of a new world. That is what leadership means,” he declared.

Senator Shettima, who spoke on Friday evening during the UBA 75th Anniversary Dinner at Transcorp Hilton Hotel in Abuja, noted that the celebration of an institution like UBA “that has outlived generations and still pulses with the vibrancy of youth” is not something that happens everyday.
He said, “The United Bank for Africa, or simply UBA, is not what it is because of the age of its ideas. It is what it is because of the attention it pays—attention to innovation, attention to emerging markets, attention to shifting dreams, and attention to the changing contours of generational ambition.
“UBA has remained a pacesetter because it is led by people who do not just manage capital, but manage curiosity”.

Applauding UBA for outliving all its contemporaries, VP Shettima attributed its staying power to its passion for relevance, even as he described the bank as a quintessential specimen of what an African institution could become by institutionalizing excellence.
His words: “UBA’s staying power is owed to its pursuit of relevance. It has stood as a reward for new thinking, expanding not just across geography, but across ideas.
“It serves millions, it shapes economies, and it influences the narrative of what an African institution can become when excellence is institutionalised and when well-intentioned dream-makers are in charge.”
The Vice President did not celebrate UBA without acknowledging the leadership ability of the bank’s Chairman, Mr Tony Elumelu, whom he described as one of the finest sons of the African continent, just as he observed that no institution writes its history without the signature of those who believe in it.
According to him, Elumelu has “become a bridge between the old and the new, between the outdated and the emerging,” adding that he “has won the trust of even the Gen Zs, or whatever this brilliant, digital generation calls itself.”
The Gen Zs, VP Shettima noted, have absolute trust in Elumelu “not because of the era he was born in, but because of the attention he pays to theirs,” observing further that he is being heard across generations because he listens across generations.
He continued: “Tony Elumelu is not a dreamer. Dreamers are those who are stuck in the bubble. Mr Elumelu is a dream-maker. He has made true the imagination of those who wish for an empire from the comfort of their homes. He has taught us that it is possible to build without breaking, to lead without losing touch, and to dream without borders.
“One thing that has amused me about Mr Elumelu over the years is that he has cracked a code many still struggle to decipher—the delicate art of balancing the boardroom with the living room, of being a captain of industry and still a commander at home.
“Not many men have managed a balance between building empires and building families, between saving the world and being present at Christmas in their village. But this man, this maverick, this dream-maker, has shown us that you can help move the continent forward without losing touch with home and family.”
The VP also lauded Elumelu’s wife, Dr Awele Elumelu, saying she is not just a spouse, “but an Amazon—a matriarch who gathers the kith and kin under her warm canopy,” as well as the quiet strength behind the force that is her husband.
Earlier, Group Chairman of UBA, Tony Elumelu expressed profound gratitude to the Vice President while acknowledging the bank’s foundational history.
“This is a night of celebration, gratitude to God and to customers and shareholders who have made it possible,” Elumelu stated.
The Chairman emphasised the importance of honouring those who established UBA’s foundation, saying, “We all today are under the shields because someone planted the tree. The foundation of UBA was laid by people before us, we are only taking it further.”
Looking toward the future, Elumelu expressed confidence in the bank’s continued success, tying it directly to Nigeria’s economic environment.
“On the vision of the next 75 years, just keep transforming our domestic economy as President Bola Ahmed Tinubu is doing, and UBA will keep roaring,” he affirmed.
In his welcome address, UBA’s Group Managing Director, Dr. Oliver Alawuba, expressed gratitude to attendees while highlighting the bank’s remarkable journey since its inception.
“75 years ago, UBA commenced operations at Kakawa Street in Lagos as British & French Bank (BFB),” he said.
The GMD emphasised UBA’s impressive expansion over the decades, noting the bank now operates in 24 countries with 1,000 business offices, over 25,000 staff members, and a customer base exceeding 45 million people.
Dr. Alawuba shared financial metrics demonstrating the bank’s robust performance, including a profit after tax of N766.6 billion and total assets reaching N30.4 trillion.
He said shareholders have been rewarded with a dividend of ₦5 per share, representing a dividend yield of 14.5% – the highest among industry peers.
He also pointed out that the group’s shareholders’ funds rose significantly to N3.419 trillion in 2024 from N2.030 trillion in December 2023.
“The 2024 financial performance demonstrated the bank’s continued focus on driving earnings growth, preserving asset quality, expanding business operations and deepening market share,” Alawuba said.
Looking to the future, the GMD outlined an ambitious vision for UBA to establish a presence in every African country and expand to over 100 countries worldwide within the next 75 years.
VP Shettima Extols UBA’s Dedication To Innovation, Emerging Markets At 75
National News
CDHR, CAIDOV Ask SERAP to Respect Court Judgment in DSS Defamation Suit
CDHR, CAIDOV Ask SERAP to Respect Court Judgment in DSS Defamation Suit
By: Michael Mike
The Committee for the Defence of Human Rights (CDHR) has urged the Socio-Economic Rights and Accountability Project (SERAP) to respect the judgment of the High Court of the Federal Capital Territory in the defamation suit instituted by two operatives of the Department of State Services (DSS).
In a statement issued on Thursday, the rights group said all individuals and organisations, including civil society bodies, must obey decisions of competent courts in line with the rule of law and democratic principles.
CDHR maintained that while advocacy organisations and citizens possess constitutional rights to freedom of expression and public criticism, such rights must be exercised responsibly and within the bounds of the law.
According to the organisation, the court, after reviewing evidence presented before it, found that the publication made against the DSS operatives was defamatory and injurious to their professional reputation.
The group consequently urged SERAP to comply with all lawful directives contained in the judgment pending any appeal and refrain from statements capable of escalating tensions or undermining judicial authority.
It also advised parties and public commentators to avoid inflammatory narratives that could deepen institutional distrust or portray the judiciary as partisan without credible evidence.
“The rule of law remains the foundation of every democratic society. Human rights advocacy must coexist with accountability, fairness, and respect for due process,” the statement said.
CDHR further stressed that no organisation is above the law, just as no security agency should be immune from lawful scrutiny.
The statement was jointly signed by CDHR President and Secretary of the Board of Trustees, Debo Adeniran, and the group’s National Publicity Secretary, Jeremiah Onyibe.
Meanwhile, the Centre Against Injustice and Domestic Violence (CAIDOV) also criticised SERAP over its reaction to the judgment, accusing the organisation of attempting to ridicule the court’s decision.
In a statement signed by its Executive Director, Comrade Gbenga Soloki, CAIDOV said SERAP had continued to pin on its X handle claims that DSS operatives invaded its Abuja office on September 9, 2024, despite what it described as a misrepresentation of facts.
“We in the human rights community should lead by example. We should not be seen as the very persons breaching human rights in the name of free speech. Human rights is universal. It is for everybody. We should not trample on the rights of others simply because they chose to be security agents,” the group stated.
CAIDOV argued that the N100 million damages awarded against SERAP for defamation should not be viewed as extraordinary, citing examples of global firms sanctioned over misconduct.
“Very big corporations around the world have at one time or the other been caught lying or cheating. Just last year, Deloitte, PwC and EY Netherlands were fined $8.5 million for cheating, while KPMG Netherlands was fined $25 million in 2024 for widespread cheating on training exams. What then is the big deal in a Nigerian court imposing a N100 million fine on SERAP for defamation?” the statement added.
The group also faulted Senior Advocate of Nigeria, Ebun-Olu Adegboruwa, for allegedly criticising the judgment instead of encouraging an appeal process.
“SERAP had nearly two years while the matter lasted in court to assemble the best lawyers in their arsenal. They failed to. All their legal luminaries waited until they lost the case, then turned to the media to wage propaganda against two DSS operatives,” CAIDOV said.
It added that it was ironic for SERAP, which had often relied on Nigerian courts to hold public institutions accountable, to now question the judiciary because the verdict did not favour it.
“If people like Ebun-Olu Adegboruwa feel they know more than our revered judges, it is not too late for him to transmute from a lawyer to a judge,” the group declared.
CDHR, CAIDOV Ask SERAP to Respect Court Judgment in DSS Defamation Suit
Military
Power Minister-Designate Clarifies Promise on Fixing Nigeria’s Grid in Three Months
Power Minister-Designate Clarifies Promise on Fixing Nigeria’s Grid in Three Months
By: Michael Mike
The camp of Nigeria’s Minister-designate for Power, Olasunkanmi Tegbe, has dismissed media reports claiming he promised to fix the country’s troubled national power grid within three months, describing the reports as inaccurate and misleading.
In a statement issued on Thursday by his spokesperson, Adeola Adelabu, the minister-designate clarified that no such commitment was made during his Senate screening on May 6, 2026.
According to the statement, Tegbe had clearly explained that timelines for major reforms in the power sector were still being developed and would depend on technical diagnostics as well as consultations with key stakeholders.
The clarification followed widespread reports suggesting that the minister-designate pledged to completely resolve Nigeria’s persistent electricity grid problems within a three-month period.
The statement stressed that while Tegbe assured lawmakers that initial efforts aimed at stabilising the national grid would begin within his first 100 days in office, he also acknowledged that deeper structural reforms in the sector could take significantly longer.
It quoted the minister-designate as saying that reforms relating to sector credibility, gas supply, metering and operational efficiency may require about one year to achieve meaningful progress.
“My promise to this chamber and to Nigeria is that Nigerians will see visible improvement in the sector,” Tegbe reportedly told senators during the screening.
He further pledged to stabilise the national grid, modernise electricity infrastructure, strengthen commercial frameworks within the sector and enforce accountability across the entire power value chain.
On electricity tariff reforms, Tegbe reportedly assured that vulnerable households would be protected while government works to balance affordability, sector sustainability, investor confidence and operational efficiency.
The statement also emphasised that the minister-designate remains open to constructive engagement with the media and encouraged journalists to seek clarification where necessary in order to avoid misinformation.
According to the spokesperson, Tegbe views the media as critical partners in nation building and in helping Nigerians understand the scope and direction of the proposed reforms in the power sector.
Nigeria’s electricity sector has continued to face major challenges, including repeated national grid collapses, inadequate generation capacity, weak transmission infrastructure, gas supply constraints, poor metering and mounting debts across the value chain.
The minister-designate’s clarification comes amid heightened public expectations over the ability of the administration of President Bola Ahmed Tinubu to address the country’s longstanding electricity crisis and improve power supply to homes and businesses.
Power Minister-Designate Clarifies Promise on Fixing Nigeria’s Grid in Three Months
National News
Giwa detention facility completes 1,450 terrorism cases, moves 500 suspects for trial
Giwa detention facility completes 1,450 terrorism cases, moves 500 suspects for trial
By: Zagazola Makama
The Joint Investigation Center located at Giwa Barracks, Maiduguri, says it has concluded investigations in about 1,450 terrorism-related cases, while over 500 suspects have recently been transferred for prosecution, many of whom were subsequently convicted.
The Commander of the facility, Brig.-Gen. Yusuf Audu, disclosed this on Wednesday in a detailed briefing delivered by Capt. Obinwale, where he outlined the structure, operations and reforms of the multi-agency detention and investigation centre supporting counter-terrorism efforts in the North-East.
Audu said the facility, established as a unified interrogation and screening hub for suspects arrested during counter-insurgency operations, remains central to Nigeria’s fight against Boko Haram and ISWAP insurgents.
He explained that all suspects processed through the centre undergo structured investigations, legal review, and eventual classification into prosecution, rehabilitation, or reintegration pathways, depending on findings.
“After investigation, a complex casework group reviews all reports and provides legal advice. Based on the outcome, detainees are categorised into three groups: prosecution, rehabilitation, and reintegration,” he said.
He disclosed that “recently, the centre moved over 500 suspects for trial, most of whom were convicted,” adding that the development reflects improved coordination among security and justice institutions handling terrorism cases.
Audu said the centre operates as a multi-agency platform comprising personnel from the Nigerian Army, Defence Intelligence Agency, Nigeria Police Force, Department of State Services, Nigerian Correctional Service, Nigeria Security and Civil Defence Corps, National Drug Law Enforcement Agency, and Nigeria Immigration Service, alongside legal experts from the Office of the Attorney-General of the Federation.
According to him, the arrangement ensures a holistic approach to terrorism investigations and strengthens the integrity of prosecution processes.
He noted that suspects are received with preliminary investigation reports from frontline units, formally documented, and assigned to investigators drawn from various security agencies.
The commander said detainees are kept in segregated facilities, with special provisions for women and children, while minors accompanied by mothers are provided with basic education and care within the centre.
He added that medical support is a key component of the facility’s operations, with isolation and treatment available for detainees suffering from illnesses such as tuberculosis, in collaboration with humanitarian partners.
Audu said the centre maintains structured feeding arrangements, with three meals daily provided to detainees, supported by improved water supply systems, including a 40,000-litre solar-powered borehole constructed with support from the International Committee of the Red Cross (ICRC).
He also disclosed that inmates are provided with clothing, toiletries, and hygiene materials upon admission, while periodic fumigation is carried out to maintain sanitation standards.
According to him, detainees also benefit from physical and psychological support programmes, including access to sports, indoor games, and supervised exercise periods aimed at improving mental and physical well-being.
Audu said the facility also operates a “restoration of family links” programme, through which detainees communicate with relatives with support from international humanitarian organisations, including the ICRC.
On legal processes, he explained that investigations are conducted under the Terrorism Prevention Act of 2011, as amended in 2013 and 2022, with judicial oversight through federal high court remand orders and adherence to human rights standards.
He noted that biometric data of all suspects is captured and stored in a national database to support intelligence gathering and future security operations.
The commander further highlighted collaboration with international partners, including the International Organization for Migration (IOM), United Nations Office on Drugs and Crime (UNODC), UNICEF, and other humanitarian agencies, which have supported infrastructure development, training, and detainee welfare programmes.
He said UNODC constructed an evidence storage facility, while IOM established a data management system to improve screening and classification of suspects.
Audu added that UNICEF has provided educational materials for juveniles, while the ICRC continues to support healthcare delivery and humanitarian interventions within the facility.
He said detainees are also engaged in skill acquisition programmes such as tailoring, farming, poultry, fish farming, cap making, and bakery operations, designed to equip them with vocational skills for reintegration.
According to him, the bakery project recently established within the centre was introduced to reduce operational costs and enhance vocational training opportunities.
“The idea is to keep detainees engaged productively while awaiting investigation outcomes,” he said.
He explained that officers posted to the centre are carefully selected based on professional backgrounds in psychology, criminology, sociology, and related fields to improve investigative efficiency.
Audu also noted that the facility has received commendations from local and international dignitaries, including former defence ministers, service chiefs, United Nations officials, and counter-terrorism experts who have visited the centre.
He said the centre’s operations align with global best practices, particularly the United Nations principle that “effective counter-terrorism measures and protection of human rights are mutually reinforcing.”
Despite the achievements, he acknowledged challenges, including difficulty in securing witnesses from affected communities due to insecurity and fear of reprisal, as well as delays in prosecution processes which often prolong detainees’ stay in custody.
Giwa detention facility completes 1,450 terrorism cases, moves 500 suspects for trial
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