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Analysis

Who is afraid of Fidelity Bank?

By Udeme Etukeyen

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Etukeyen

Leading up to the recent superlative annual reports showcasing one of the most significant growth experienced by a Nigeria Financial Institution in recent years I was forced to ask “what is Fidelity Bank” doing right?

My banking and financial sector experience got me digging deeper into the statistics of the report-Fidelity Bank recorded a substantial 210.0% growth in PBT, reaching N385.2 billion in FY 2024. Deposits increased by 47.9%, from N4.0 trillion in 2023FY to N5.9 trillion in 2024FY, Gross earnings shooting by 87.7% to N1,043.4 billion which was primarily caused by a 106.9% increase in interest and similar income. Was I impressed? Absolutely 👍🏾

Now to the scary part, they opened the year with a bang implying that 2025 year end results was going to be nothing but spectacular; check this out-Fidelity reported a whooping 167.8% increase in PBT (Profit Before Tax)to N105.8 billion in Q1 2025, compared to N39.5 billion in Q1 2024. Gross earnings from January to April had reached some N315.421 billion signaling a 64.21% increase year-on-year.

These results were nothing short of astonishing and with great hope I sat my team to review our Investment Strategy to accommodate taking up equities in Fidelity and advising our portfolio investors to do same.

We quickly appraised the fundamentals and Key Success Factors to include their focus on the strategic youth economy that the Creative and Digital Transformation sector promises, the banks bullish inroads in MSME promotion and financing, their glowing penchant for Gender inclusion without abandoning the core sectors of Mining, Renewables and other key industries

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Then came the dissecting of Leadership, my team of analysts mostly female went on about Fidelity MD being one of the most experienced and affable Amazons in the industry; done this, achieved that and all the entreaties you’d expect from smart ladies who feel mentored from a distance. I didn’t hesitate to draw their attention to the experience of the menfolk within the organization like I had any measurable data to establish that mix…truth remains you can’t but admire the Banks Leadership and strides

A deeper look at the banks expansion globally could reveal a strategic and noiseless acquisition of Union Bank,London and their planned incursion into African and other European financial markets, you just can see that such daring strides and impact would give competition and detractors sleepless nights. Not in an era where sleeping pills are sold strictly by prescription and no thanks to the high cost of medication for peddlers of cheap propaganda

Within barely 30days of announcing such magnificent results little wonder how pundits would cook or spin a narrative to suggest a bank that has announced herself as First Tier with shoulders leveled up with other Banking giants would shudder over a judgement against her customer G.Cappa or even the contribution they would be required to cough out over that said Sagecom saga. With that judgement not going the way of pundits a contemptuous attempt at calculating interest at unclassified rates from an initial N14b to cause an unnecessary scare or negative press on the bank speaks volumes of how we unrepentantly strive to destroy value in our economy.

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One would think that interpretation of the judgment and computation of due figures which will understandably come with a payment plan be awaited instead of the usual bad blood generated and envisaged by toddler media characters.

It is not in doubt that the discerning public sees through the cruise and flat falling attempt of dramatic clout chasers ever ready to stain Fidelity’s white apparel which savvy Investors and analysts are filled with bridal admiration

Like Joseph Campbell hinted in his famous quote “The cave you fear to enter holds the treasure you seek.” We cast our treasures and bets on Fidelity Bank as the Nigerian treasure house to beat in the years ahead!

Udeme Etukeyen is an Abuja based Pan African Investment Advisory Expert

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Analysis

The Caricature Called Nigerian Judiciary: I Discovered Forgery After Court Had Already Accepted It

By Basil Odilim

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Basil Odilim Enwegbara

Cry or laugh — take your pick. But this is what the Nigerian judiciary has been reduced to.

For years, I thought I knew everything that was going on in my own court case. I was there. I was cross-examined. I had lawyers. I followed up.

But it turns out, the most damaging thing happened without my knowledge — and only came to light recently, when I personally obtained and reviewed the Certified True Copy (CTC) of the court proceedings.

I filed my civil suit in 2017. The defendant didn’t respond for over a year. Then, in January 2019, I was cross-examined. It was a strange session.

Their lawyer pulled out a document and claimed I had received it and signed for it. I looked at it and said, “No. I’ve never seen this document, and I never signed it.”

He withdrew it. Then, casually asked me, “How many signatures do you use?” I told him, “Two.” He gave me a blank sheet of paper and asked me to sign both versions. I didn’t know what he was planning to do with it, but I signed.

Unbeknownst to me, that blank sheet — with nothing on it but two fresh examples of my signature — was immediately tendered as an exhibit. The court admitted it.

Still, no defence had been filed at that time. Then, two weeks later, on February 2, 2019, the defendant finally submitted its defence. I didn’t think much of it — until recently, when I finally obtained the full case file and the CTC of the court proceedings.

That’s when the pieces came together — and the forgery revealed itself.

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Attached to the defendant’s belated statement of defence was a photocopy of the very document I had denied under oath. But this time, it had my name on it — or at least something resembling it. “Odilim Enwegbaram”.

Not Enwegbara. It was misspelled. Worse, it had been inserted over a visibly tippexed line — the only part of the document with correction fluid.

Then came the signature. It wasn’t quite mine, but close — close enough to raise questions.

That’s when it hit me: they had lifted my signature from the blank sheet I signed in court. They had fabricated the document after the cross-examination, then quietly attached it to their court filings, and waited.

How did the court allow this?

As I read through the CTC, I discovered what really happened during the tendering of that document — something I wasn’t even fully aware of at the time.

When the defence attempted to present the forged document through their witness (DW1), my lawyer raised a strong objection. He cited Sections 88 and 89 of the Evidence Act: a photocopy is not admissible unless the original is lost or destroyed and that loss must be properly established.

The judge asked the obvious question: “Where is the original?”

DW1 said, “It got lost in my office.”

Then the defence counsel stood up — and directly contradicted him. He told the court: “No, the original isn’t lost. The Claimant has it.”

Think about that. One says it’s lost. The other says it’s with me. But the document is a forged photocopy. The original was never produced — likely because it never existed.

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Yet, the judge overruled the objection and admitted the document. She said she would decide later how much “weight” to give it. It was marked as an exhibit.

No one questioned the misspelling, the tippex, or the fact that the document was smuggled in after my signatures had been harvested under cross-examination.

Years passed. Then, on June 30, 2025, DW1 was cross-examined again — this time by my new counsel. Under oath, he admitted clearly: “there was no contract between the Defendant and me”

Finally, I thought. The truth has landed.

But when I received the CTC of the judgment on July 28, 2025, that admission was no longer there.

It had been replaced by this sentence: “There is a contract… by signage of the guide.”

That “guide” was the same forged, tippexed document. The one I never signed. The one bearing a spelling of my name I’ve never used. The one cobbled together using signatures I gave on a plain sheet in court — with no context and no warning.

So now, years later, I’m left with a legal judgment based on a document I never saw, never signed, and only discovered through forensic reading of the CTC.

This isn’t just about my case.

This is about how easily the truth can be rewritten in Nigeria’s courtrooms. How the law — and even sworn testimony — can be bent to accommodate fraud. And how a litigant can sit through an entire trial, not knowing that a false record has already been smuggled into evidence.

The lesson is simple: you must be involved. Deeply. Personally. Painfully.

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Your lawyer might mean well, but they’re juggling ten other cases. You’re juggling only one — your own. And if you don’t read every document, get every transcript, and demand every record, you may find that the truth of your case has been changed — and nobody told you.

Cry or laugh, depending on which you prefer. But this is what our judiciary has been reduced to.

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Analysis

APGA VS ADC: Can We Learn From Justina Azuka’s Defeat to Mimiy Ifeoma Azikiwe?

By Ifeanyi Chijioke

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Mimi Ifeoma Azikiwe

The Onitsha North Constituency 1 bye-election has come and gone, but the lessons learned from this election should be revisited. It should be used as a standard for future elections.

As opinion makers, writers must exercise caution when endorsing controversial views, as they may influence future standards. We have a duty to shape the future of our region politically, and it starts with getting the right people on board. Continuing with who needs to be continued with and dropping who needs to be dropped irrespective of emotion and emotionally charged interests.

I decided to touch this topic because we have not learned from experience, and one who can’t learn from experience will hardly learn. Politics should be devoid of emotion. Politics should be anchored on calculated people’s interest. When faced with a diamond’s brilliance, you wouldn’t choose silver, bound by its sentimental hold.

My good friend (writer) took a surprising decision I never imagined he would take by not only supporting Mrs. Azuka but whipping up emotional politics and choosing emotion over commonsense. It got to a point of accusing someone of murder, just to take advantage of public opinion.

Mimiy Ifeoma Azikiwe, in all ramifications, was a better candidate compared to others. She was the only one who could make a real difference in people’s lives and stand up for what they care about. None could stand with her in education, exposure, desire to impact lives, love for the people, service to humanity, and sacrifice for humanity. It’s a no-brainer, and neither is it a secret. It’s not rocket science; even the blind could feel the difference.

It’s my first time seeing my friend prefer emotion to facts and substance. He couldn’t give a simple reason Mrs. Justina Azuka was better placed to represent the people of Onitsha North Constituency 1; rather, his only reason was that her husband died and she should complete her husband’s tenure.

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By completing the tenure, he is saying the widow should get the salaries and financial bonuses left of her husband’s term. He is not saying the woman has the capacity to offer anything to the people but that we should be emotional and allow her to take the remaining money due for her husband’s term. It’s unbelievable, so it’s no longer about getting the right people into power to bring the needed change we desire.

When did political office become a condolence gift? Mrs. Azuka came up against a philanthropist whose election would benefit the people, and my colleague chose to emotionally back Mrs. Azuka to the detriment of the people. All of a sudden, he abandoned what is good for the people for partisan politics and emotion.

We should exercise caution in our words and writings to prevent exacerbating the challenges faced by our people. We need to vote based on merit to be able to tackle the backwardness we experience today in the country. No one should vote or support based on emotion.

For instance, many in the Southeast support Mr. Peter Obi to become the president of Nigeria because they trust his ability and his capacity compared to his counterparts, just like Mimiy Ifeoma Azikiwe was above other candidates in the bye-election

Then all of a sudden (God forbid), the presidential seat becomes vacant, and the opportunity comes for Peter Obi to occupy it, but my colleague wakes up and starts preaching the need for us to have sympathy and compensate the wife of the occupier.

I saw people talking about Mrs. Azuka being compensated, and that quickly drew me to the question as to what the people talking about compensation really know about politics and opportunity. Mimiy Ifeoma Azikiwe is a diamond we can’t afford to miss. She is unique, and it’s written all over her – she is a people’s representative.

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So, they know politics is about financial compensation, about permitting individuals to gain at the detriment of the public, about emotionally giving someone the opportunity to take what she doesn’t merit because she lost something. It’s a gift – in this case – a condolence gift. Imagine gambling with the fight for a better Nigeria.

Even those I thought had something upstairs were on the bandwagon. And the most annoying aspect of it is when I ask them why they supported Mrs. Azuka to occupy the position, they said it was because her husband died in office.

Mrs. Justina Azuka placed a distant second in the Onitsha North Constituency 1 bye-election. Mimiy Ifeoma Azikiwe won the election by a discriminating margin—a landslide that didn’t reflect the noise and victim card of ADC.

Colleagues, why was there no coverage on fundraising efforts to support Mrs. Justina Azuka’s instead of a political condolence gift?

House of Assembly office is not only about making money; decisions that could make or mal lives are made there, and had you made the office a condolence gift package, it would have taken us backward in our political journey for a better tomorrow.

Nonetheless, what happened in Onitsha North Constituency 1 gives hope of a better tomorrow—knowing that the people are still able to make choices based on merit, and not emotion is something to be happy about.

My friends, the election is over; now is the time for a handshake in the spirit of brotherhood. We shake hands with mixed feelings; mine is sweet, while yours is bitter. Take it with a grain of salt—common sense prevailed in this election.

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The people of Onitsha North Constituency 1 are happy not because of personal interest, nor because of any interest; rather, because a good woman occupies the office based on merit and in the ultimate interest of the people.

I am happy because more prisoners unjustly imprisoned will be released and a new life given to them. I’m overjoyed that Ifeoma Azikiwe’s win will bring hope and relief to many facing challenges in our community.

Friends, it’s disheartening that your coverage of the Onitsha North Constituency 1 bye-election lacked insight, missing the chance to guide voters meaningfully. But the wise stood firmly for what is most suitable.

Mr. Azuka, may his soul rest in peace, died in the hands of kidnappers who have been rampaging the Southeast. While everyone condemned Hon. Justice Azuka’s murder by kidnappers, you amplified the politicization of this tragedy.

You could have embarked on fundraising for her instead of viciously smearing others. To end kidnapping etcetera, Governor Soludo went as far as establishing a security outfit. He opened skills acquisition for youths with start-up-funds to fight crime.

But in effort to use the Anambra State House of Assembly as a condolence gift, you, my friends, crossed lines and disgraced yourselves.

This same problem contributed to our mainstream political failure. Rather than thinking critically, we let emotions guide us and lost our way in the Onitsha North bye-election commentaries. Onitsha North Constituency 1 constituents have established a lead; we can learn from their desire for a better Onitsha- shun emotion and embrace merit.

The governorship election is coming, and even though the people have proved to be wiser than petty tantrums and lies, you people should change for good.

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Analysis

Of Canadian Court and Terrorist Branding of APC, PDP

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The branding of the All Progressives Congress (APC) and the Peoples Democratic Party (PDP) as terrorist organisations has been followed by a repudiation of the Canadian court by officials of both parties. In doing so, they ignored the fact that action begets reaction.

This is a truth that has been tested and upheld over the centuries. Like they say, there cannot be smoke without fire. But one truth is eternal here –the fact that the world has become a village where everyone knows, and observes, what the other is doing.

Both APC and PDP may deny the facts as upheld by the Canadian court, but public perception, within Nigeria, tend to show that both parties have, in their expression of political power, progressively abused democratic rights, and infringed on the people’s right to violence-free elections as well as destroyed the people’s right to freedom to enjoy the proceeds of their willfully cast votes.

These acts may add up to what defines terrorism in the mind of the Canadian court, and under the Immigration and Refugee Protection Act (IRPA). After all, the simple definition of terrorism is “the use of violence and intimidation especially for political purposes to instill fear and coerce governments or populations.”

It is further described as “a calculated method aimed at achieving specific political social or ideological goals by creating a climate of fear.”

These understandings indicate that terrorism can be perpetrated by individuals groups or even state institutions.

The Canadian court may not have explicitly disclosed specific actions of APC and PDP governments that qualify them to be so branded, however, observed iinvolvement of their governments, and supporters, between 1999 and 2025, in the “subversion of democracy, political violence and electoral bloodshed” bring them within the context of the above definitions.

The Canadian court cannot, therefore, be wrong if, for instance, one takes into context the expressions of APC supporters in Lagos during the 2023 governorship elections.

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For instance, video recordings of MC Oluomo threatening Igbo people resident in Lagos with death if they stepped out to legitimately exercise their democratic rights in the governorship election, is still available on the internet.

It is also viewed by millions of people around the world including officials of the Canadian government.

This is just one of such cases. There are numerous others that qualify for assessment as terrorist actions for which no evidence exists of their repudiation by APC.

Canada’s IRPA sections 34(1)(b.1) and 34(1)(f), bar individuals affiliated with organizations engaged in terrorism or subversion of democratic processes.

The court, presided over by Justice Phuong Ngo, upheld the Immigration Appeal Division’s (IAD) findings that both the APC and PDP were implicated in “political violence, subversion of democracy, and electoral bloodshed.”

The ruling cited instances of ballot stuffing, voter intimidation, and killings during the 2003 state elections and 2004 local government polls, under the PDP’s tenure.

That is now extended to the APC based on similar patterns of electoral misconduct.

That provides logical grounds to conclude at mere membership in either PDP or APC, regardless of personal involvement in violent acts, was sufficient grounds to trigger the labeling.

What this indicates is that the eyes of the world are upon Nigeria, and its political leaders no longer need to go on behaving like Nigeria is an island ostracized from the world, existing on its own and for itself only as their actions, may trigger reactions, like the instant one from the Canadian court, which could be expressed under national security interest and the protection of democracy.

The Canadian court’s decision hints us that Nigeria’s elections, even as seen in last weekend’s bye-elections, constitute a breach of democratic processes under Canada’s legal standards.

It is for Nigerians to understand that actions such as electoral violence, voter suppression, and manipulation of the electoral process are translated as subversion and meet the threshold for terrorism under Canada’s IRPA.

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This contrasts with Nigeria’s local context, where electoral violence, voter suppression and intimidation as well as other electoral infractions, though criminal, are often normalized as part of a ruling party’s prerogative, and show of popularity.

APC and PDP collectively control the presidency, governorships, and majorities in the National Assembly and state legislatures since 1999.

The terrorist label on them, even if limited to Canada’s immigration law, risks undermining their legitimacy. This is made worse by the fact that Nigeria’s politics is already plagued by public distrust with citizens viewing politicians as corrupt, lawless and self-serving.

For the APC, which has been Nigeria’s ruling party since 2015, the designation could embolden opposition narratives that portray it as a terrorist-enabling regime linked to violence and authoritarian dictates.

The PDP, as the main opposition, faces similar challenges, as the ruling reinforces perceptions of its past governance from 1999 to 2015, which was also marred by electoral rascalism and manipulation.

The implication is that this could erode public confidence in both parties, and potentially drive voters away from them and to new platforms like the African Democracy Congress (ADC) or strengthen the call for independent candidates in future elections.

The ruling also has the capacity to deter politically active Nigerians, particularly youths, from joining or remaining affiliated with either APC or PDP.

Guess this is why both parties have rushed to dismiss the ruling through press statements without any further action to have it set aside or make commitments about concrete steps that they would take to prove that the Canadian court was wrong.

Young Nigerians, who may be out in search of asylum in Canada, may be discouraged from identifying with the APC or PDP, or even to talk about their previous engagements with the parties with Canadian authorities as that may trigger fear of habouring dangerous persons with a history of association with a terrorist group thus jeopardizing their future prospects.

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This may also extend to foreign jurisdictions who may have such legal understandings that could make them to uphold the judgement of Canada’s courts.

This is part of the danger ahead, which could also negatively affect Diasporan Nigerians who identify with both parties causing them to suffer such things as visa denials, asylum rejections, or travel bans.

There is also the possibility that countries, which have legal understandings with Canada, may also adopt the ruling into their own legal jurisdictions.

If this happens, APC and PDP leaders, or members, could be effectively isolated from global opportunities and labeled terrorists and denied certain services like visa and other consular needs.

Besides, the ruling also implies critique of Nigeria’s democracy as fundamentally flawed.

This could encourage international organizations and foreign governments to impose sanctions, monitor elections more closely, or withhold development aid tied to democratic governance.

If such are adopted, they could further destabilize Nigeria’s political environment, and make it more difficult for the APC and PDP to project stability and legitimacy

Canada could also be seen as precipitating a diplomatic row with Nigeria with the ruling, which has the tendency to prompt retaliatory measures or diplomatic tensions while also discouraging diaspora Nigerians from openly affiliating with both parties.

This may negatively affect financial contributions and advocacy for both parties from the Nigerian diaspora.

This is particularly critical for APC, which had leveraged diaspora support to bolster its international image as a reformist party.

The PDP, which seeks to regain power, may also struggle to mobilize diaspora support because its members who fear immigration repercussions may go underground and withdraw support for it.

This, therefore, indicates that both parties may have to work together to appeal against the decision and show cause why they need not be branded as terrorist groups. They must not just verbally dismiss the ruling.

(The Sun).

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Analysis

Anambra Human Rights Violations: The NYSC And State Governors of Jennifer Edema Elohor And Her Fellow Corps Members 

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By Frank Tietie

A disturbing incident occurred recently in Oba, Idemili South Local Government Area of Anambra State, where operatives of the Agunechemba Vigilante Group, also known as Operation Udo Ga-Achi, assaulted a female National Youth Service Corps (NYSC) member named Jennifer Edema Elohor and her colleagues.

A viral video, shared by the Haven 360 Foundation on August 18, 2025, showed armed vigilantes storming a corps members’ lodge, accusing them of being internet fraudsters (“yahoo people”) despite the victims presenting valid NYSC identification cards and uniforms.

In the footage, Jennifer Edema Elohor was beaten, stripped naked, and left covered in blood, subjected to humiliating and sexually degrading threats.

The Anambra State Government condemned the assault as “unacceptable” and confirmed that the operatives involved were arrested and detained pending investigation. The Anambra State Police Command is also investigating the case.

However, the incident has not sparked the expected public outrage, including calls for justice and compensation for the victims, as seen in the recent case of Comfort Emmanson, the unfortunate assault victim at the hands of Ibom Air attendants.

Perhaps since Haven 360 was discreet in sharing the video of the naked girls without revealing cleavages, there are yet to be announcements of compensation from good Nigerian males to the young women who were brutally beaten and sexually humiliated by a band of non-state actors who have had the tacit support and endorsement of the Anambra State Government.

However, more importantly, recently, the amiable Governor of Edo State, Senator Monday Okpebholo, set a new trend by taking responsibility for the actions of Vigilante Group members who killed 16 travellers from Northern Nigeria, particularly Kano State, as they were passing through Uromi in Edo State on a supposed hunting trip.

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As tempers flared across Northern Nigeria over the Uromi killings, the smart Edo Governor chose the responsible course of action by visiting the people of Kano State, not only to apologise and seek forgiveness on behalf of the Edo people but also to offer significant compensatory payments to the victims’ families. That was a masterstroke in responsible governance.

In Anambra, where young female graduates deployed to the state on a mandatory national youth service were targeted and attacked by a barbaric group of untrained and uneducated village men operating as a state-sanctioned security outfit because the state government could not guarantee security for the people, Nigerians, the NYSC, and the Federal Government must demand accountability from Governor Charles Soludo, the Governor of Anambra State.

Communities across Nigeria have long taken pride in accepting and caring for NYSC members serving the children and women of their communities as medical doctors, school teachers, agricultural extension service providers, etc.

A group of uneducated village men, armed with unrestrained power and intoxicated by illegal local authority, would easily stereotype these upscale NYSC girls serving in their communities as “yahoo yahoo people” because of their relatively urbane lifestyles compared to those of the villagers.

This must be a massive embarrassment to the people of Anambra and a call to review the NYSC Act to ensure the security of Corps members and to blacklist hostile communities and, by extension, some states and their people.

Returning to responsible governance, Governor Soludo must apologise to the NYSC and the Federal Government on behalf of the Anambra people.

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Even if the girls were culpable for a reason, the way they were sexually and physically abused is unacceptable by minimum legal standards.

The administration of Governor Sheriff Oborevwori of Delta State, as part of its duty to protect the well-being of Delta State residents like Jennifer Edema Elohor, must demand accountability on her behalf.

It should also ensure that the investigation reaches a proper conclusion, that the offenders are punished, and that suitable compensation is provided to the victims. The same procedures should be followed for other female corps members who were victims of the brutal assault.

The attorneys general of the states from which the corps members originate and the National Human Rights Commission must offer the necessary legal advice and support to enable the corps members to receive adequate compensation if their rights have indeed been violated by the so-called vigilance group of Anambra State.

In our pursuit to enhance Nigeria’s living standards, we must emphasise individual rights and well-being as the foundation of governance and development.

Frank Tietie, Esq.

Development Lawyer and Media Personality,

Writes from Abuja

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Analysis

All Roads Lead To Ikot Edibon For ARISE Town Square Meetings’ Finale

By Ofonime Honesty

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The pre-event news has gone viral. The banners are up. The people are waiting. On Saturday the 23rd of August, 2025, the Arise Town Square Meeting storms Nsit Ubium Local Government Council Grounds in Ikot Edibon.

It is the culmination of the epochal town square meetings and empowerment series convened by Governor Umo Bassey Eno across the ten Federal Constituencies in Akwa Ibom State.

The marathon of accountability and people-powered dialogue, which commenced in Abak-Etim Ekpo-Ika Federal Constituency in March 2025, berths in Etinan-Nsit Ibom-Nsit Ubium Federal Constituency, the home turf of His Excellency, the Governor.

It has been hectic and tedious, but do not expect a governor limping to the grand finale, weary and spent. Believe me, he will arrive bristling with confidence, joy, and high watts of energy, armed with a scorecard of promises kept, and ready for the people’s verdict.

This is not a jamboree; it is a day of accountability and massive empowerment for the people of the three Local Government Areas.

It will also be a moment of reckoning. The microphone, as it has been in other federal constituencies, belongs to the governed. Methinks the ARISE Town Square Meetings have proven that governance is a conversation, not a monologue. And on Saturday, thousands will throng the expansive Nsit Ubium Local Government Council Grounds for this all-important meeting.

Time for the meeting is 1:00 PM. See you there!

*(Ofonime Honesty hails from Ikot Udobia Community in Etinan LGA)*

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