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Afreximbank Supports Fidelity Bank’s Acquisition Of Union Bank UK With $40m

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Afreximbank has disbursed a $40-million investment facility to Fidelity Bank Nigeria Plc to support its acquisition and recapitalization of Union Bank UK.
This move, Elanza News gathered, is part of Fidelity Bank’s international expansion programme.

The facility was provided in two tranches of $20 million each.

The first tranche allowed Fidelity Bank to partially finance the acquisition of a 100% equity stake in Union Bank UK, while the second tranche was used to recapitalize the acquired bank with additional equity.

Through this acquisition, Fidelity Bank aims to establish a pan-African financial institution that can provide correspondent banking and offshore banking services to African banks and meet the banking needs of Africans in the diaspora.

Kanayo Awani, Executive Vice President of Afreximbank, stated that this facility supports African control and ownership of capital, as well as intra-African trade and investments. She emphasized the importance of the transaction in reinforcing African ownership and control in the global financial landscape.

Mrs. Awani also highlighted Afreximbank’s Bank Acquisition Strategy, which empowers African entities to acquire financial assets divested by foreign entities in Africa and the diaspora. This strategy aligns with the bank’s Diaspora Strategy, which aims to promote and finance the integration of the African Diaspora with the rest of the continent.

Furthermore, Fidelity Bank’s CEO, Dr (Mrs) Nneka Onyeali-Ikpe, expressed gratitude to Afreximbank for their support in expanding internationally. She emphasized the strong partnership between the two institutions that has led to this successful outcome.

Elanza News reports that the acquisition of Union Bank UK is expected to contribute to Africa’s economic growth by increasing trade finance and trade flows between Nigeria and the UK.

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It will also support the integration of the African Diaspora into regional and continental supply chains and enhance the export competitiveness of small and medium-sized enterprises across the continent.

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Northern Coalition Faults Plateau Massacres

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The Coalition of Northern Groups (CNG), on Thursday, condemned in strong terms the recent spate of killings in Plateau State, describing them as senseless and unacceptable.

The group called on the Federal Government to take immediate and decisive action to stop the violence and bring those responsible to justice.

In a statement, the National Coordinator of the CNG, Comrade Jamilu Aliyu Charanchi, expressed deep outrage over the killings that have claimed more than 100 lives, razed communities, and displaced hundreds in Plateau’s Bokkos and Bassa local government areas.

The CNG also criticized President Bola Tinubu’s absence from the country, describing his continued stay in France as “extravagant holidaying” at a time of national crisis. “It is a case of Nero fiddling while Rome burns.”

Charanchi said: “These killings are not isolated. They are part of a broader resurgence of violence across the North, including terrorist attacks by Boko Haram in the North-East, banditry in the North-West, and ethno-religious clashes in the North-Central. The government’s tepid response has emboldened killers, leaving citizens to question its commitment to their safety. .

“For years, our communities have endured unending cycles of violence while the government issues hollow condolences and empty promises. The blood of Nigerians is not cheap. We reject the normalization of these tragedies and demand accountability through result-oriented action.

“The CNG demands that the President halts his extravagant holiday in France in the face of the massacre of his citizens whose resources he is utilizing insatiably to return to confront the problem head-on. It is a case of Nero fiddling while Rome is burning.

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“We demand that reinforced security forces be deployed at all flashpoints in Plateau to protect civilians. The government must adopt brutal efficiency in dismantling terror networks.

“We demand that all perpetrators be arrested and prosecuted, including sponsors of these attacks. The era of impunity must end immediately and permanently. Nigeria’s security framework must be overhauled to prioritize intelligence-driven operations, community engagement, and collaboration with locals.”

The coalition demand that our armed forces launch sustained military offensives to crush the monstrous killers in Plateau, bandits in the Sokoto-Katsina-Zamfara axis and the regrouping terrorists in the North-East.

“We are tired of burying our children, mothers, and elders while the government looks the other way. Plateau’s agony is Nigeria’s shame. If the government cannot protect its people, it has no legitimacy. We charge President Tinubu to rise beyond rhetoric and act with the urgency this crisis demands. Enough of this nonsense!”

The CNG warned that continued inaction could erode public trust and further destabilize the region. It also urged Northerners to unite across ethnic and religious lines to resist the divisions sown by violence and to hold leaders accountable.

The group also called on civil society, traditional rulers, and international partners to pressure the Nigerian government until real results are achieved.

The CNG warns that continued inaction risks further destabilizing the region and emboldening terrorists while eroding public trust.

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Gunmen Attack Natasha Akpoti’s Family House In Kogi

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Gunmen have attacked the family residence of Natasha Akpoti-Uduaghan, the senator representing Kogi central, in Obeiba-Ihima, Okehi LGA.

The incident occurred in the early hours of Tuesday, when at least three armed men wielding firearms and cutlasses stormed the premises.

According to Yakubu Ovanja, the senator’s chief security officer, the assailants arrived around 1 am and vandalised the property, including shattering windows.

Following a distress call, security operatives from Okehi responded to the scene.

Although no arrests have been made, the incident has been documented and preliminary investigations have begun.

Confirming the attack to TheCable, Akpoti-Uduaghan said the assailants may have believed she was in town, prompting the assault on her family home.

She added that no one was hurt and that the gunmen were chased away by officers of the Nigeria Security and Civil Defence Corps.

“Two days ago, my younger brother took some contractors to my hometown in Ihima. They inspected locations of the next series of projects I attracted to my senatorial district,” she said.

“The unknown gunmen assumed I was the one in town and that night, attacked my family house. They were chased off by the civil defence team and community members who trouped out en mass.

“A report was made at the police area command. Nobody was hurt.”

Akpoti-Uduaghan was suspended for alleged gross misconduct following an altercation with Godswill Akpabio, president of the senate, over seating arrangement.

Neda Imaseun, chairman of the senate committee on public conduct, ethics, privileges, and public petitions, said the panel recommended her suspension for “violating the senate rules”.

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Court Frees Minor Who Stood In Front Of Obi’s Convoy

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Says ‘POLICE MUST PAY N100 MILLION AS COMPENSATION’

The magistrate court in Apapa, Lagos, has freed Alabi Quadri, the teenager who went viral in the buildup to the 2023 presidential election.

The photograph of Quadri making an appearance before Peter Obi’s campaign motorcade had gained traction online at the time.

On Thursday, Adetola Olorunfemi, the magistrate, ordered the release of Quadri following legal advice from the Director of Public Prosecutions (DPP).

The DPP had averred that there is no evidence to substantiate the armed robbery allegation against the minor.

In a recent social media post, an activist had shared that Quadri has been in Kirikiri prison since January 2025 “for an offence he did not commit”.

The teenager was said to have been returning home from work when he was forcefully taken to the police station by some young men over claims that he was among a group of robbers in the community.

The teenager’s mother attributed Quadri’s ordeal to the entitlement of some street urchins to the largesse he reportedly received after making the headlines in 2023.

The post had caught the attention of many Nigerians, including Obi and Inibehe Effiong, a human rights lawyer.

Commenting on the court judgment, Effiong, the teenager’s lawyer, said the police must pay N100 million to Quadri as compensation and tender a public apology.

The human rights lawyer demanded that the Lagos police command must remove the divisional police officers of Amukoko for participating in the alleged framing of the teenager for armed robbery.

“We commend the DPP for standing by the truth in this matter,” Effiong said.

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“We demand that the Commissioner of Police, Lagos State Command, and the Inspector General of Police, should as a matter of urgency, remove the DPO of Amukoko Divisional Headquarters and subject him to orderly room trial along with the IPO, one Inspector Odigbe Samuel, and other officers who participated in this evil, sinister, oppressive, and corrupt scheme of framing-up a teenager for armed robbery at the behest of rogue ‘Area Boys’.

“We demand that the Nigeria Police Force should pay the sum of One Hundred Million Naira (N100,000,000.00) to our client as compensation.

“Also, we also demand a public apology from the police. If the above three remedial demands are not fully complied with immediately, we shall initiate legal actions to seek redress.

“Quadri’s case is a painful example of the putrefying corruption, monstrous impunity, and pervasive injustice in the Nigeria Police Force.”

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