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Amaka Onwughalu Heads Fidelity Bank Board As Chike Obi Bows Out

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Fidelity Bank Plc, on Friday, announced the appointment of Amaka Onwughalu as the new Chairman of the Board, effective January 1, 2026, following the completion of the tenure of Mustafa Chike-Obi on December 31, 2025.

The Board transitions are in alignment with the Bank’s policy and have been communicated to the Central Bank of Nigeria, the Nigerian Exchange Group, and other stakeholders.

Under Chike-Obi’s leadership, Fidelity Bank repaid its Eurobond, completed the first tranche of its public offer and rights issue that were oversubscribed by 237% and 137.73%, respectively, expanded internationally to the United Kingdom, and received improved ratings from various agencies amongst a long list of achievements.

His tenure also saw the Bank strengthen its capital position, record steady growth in customer deposits and total assets, deepen its digital banking capabilities, and enhance its corporate and investment banking proposition. The bank equally made notable progress in governance, risk management, and operational efficiency, all of which contributed to strengthened market confidence and the Bank’s sustained upward performance trajectory.

Reflecting on his tenure, Mustafa Chike-Obi said: “It has been a privilege to serve as Chairman of Fidelity Bank. The dedication of our Board, management, and staff has enabled us to reach significant milestones. I am confident that the Bank will continue to thrive and deliver value to all stakeholders.”

Amaka Onwughalu’s appointment marks a new chapter for Fidelity Bank. She joined the Board in December 2020 and has chaired key committees. With over 30 years of banking experience, including executive roles at Mainstreet Bank Limited and Skye Bank PLC. She holds degrees in Economics, Corporate Governance, and Business Administration, and has attended executive programmes at global institutions. Onwughalu is a Fellow of several professional bodies and has received awards for accountability and financial management.

“I am honoured to lead the Board of Fidelity Bank at this exciting time. Our recent achievements have set a strong foundation for continued growth. I look forward to working with my colleagues to drive our strategy and deliver sustainable value,” commented Onwughalu.

Ranked among the best banks in Nigeria, Fidelity Bank PLC is a full-fledged Commercial Deposit Money Bank serving over 9.1 million customers through digital banking channels, its 255 business offices in Nigeria and United Kingdom subsidiary, FidBank UK Limited.

The bank is a recipient of multiple local and international Awards, including the 2024 Excellence in Digital Transformation & MSME Banking Award by BusinessDay Banks and Financial Institutions (BAFI) Awards; the 2024 Most Innovative Mobile Banking Application award for its Fidelity Mobile App by Global Business Outlook, and the 2024 Most Innovative Investment Banking Service Provider award by Global Brands Magazine.

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Terrorists Kill Nigerian Brigadier-General – AFP Report

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Terrorists in northeast Nigeria killed a brigadier general in an assault on a military base, a local government chairman told AFP on Thursday, the second killing of a high-ranking officer in five months.

Africa’s most populous country has been fighting a terrorist insurgency for 17 years, since Boko Haram’s 2009 uprising, which has seen the emergence of powerful splinter groups, including Islamic State West Africa Province.

In an overnight attack, unidentified terrorists killed at least 18 soldiers and torched vehicles at a base in Benisheikh, about 75 kilometres from Borno state capital Maiduguri, an intelligence source told AFP.

“Unfortunately, the brigade commander, Brigadier General O.O. Braimah, lost his life,” Kaga Local Government Chairman Zannah Lawan Ajimi told AFP in a phone interview.

Two intelligence sources confirmed Braimah’s death to AFP.

His death follows the killing of Brigadier General Musa Uba by ISWAP in November. He was the highest-ranking military official to die in the long-running conflict since 2021.

“They overran the brigade,” one of the intelligence sources said, giving the death toll as “at least” 18.

The second intelligence source said that “the terrorists killed several troops” and “burnt vehicles and buildings before they withdrew,” without giving a toll.

The army and Nigeria’s Defence Headquarters did not immediately respond to a request for comment.

– Rising terrorist violence –

Researchers have warned of an uptick of violence since 2025.

Borno capital Maiduguri has seen two suicide bombings since December — the type of bloody, urban attacks reminiscent of the insurgency’s peak a decade ago.

On Wednesday, the US State Department said in a notice it was authorising “non-emergency US government employees” to leave Abuja “due to the deteriorating security situation”.

While the insurgency is concentrated in the northeastern countryside, terrorists from Nigeria and the neighbouring Sahel have made inroads western Nigeria, where organised crime gangs known as “bandits” have been raiding villages and extorting farmers and artisanal miners for years.

Gunmen killed at least 90 people across several remote villages in northwest Nigeria this week, according to an AFP tally of tolls given by local and humanitarian sources.

Among the attacks was an assault in Kebbi state that police blamed a local terrorist group known as Mahmuda, which is affiliated with Al-Qaeda.

Kebbi sits on Nigeria’s border with Benin and Niger and since 2025 has been targeted by a rising number of terrorist attacks.

Conflict monitor ACLED says there has been a surge in violence in the area carried out by militants affiliated with Al-Qaeda and the Islamic State group.

In nearby Kwara state, in October, fighters from the Al-Qaeda-affiliated JNIM claimed an attack after years of researchers warning that the terrorist conflict ravaging the Sahel risked spreading south towards coastal West African states.

In December, the United States, with Nigerian assistance, bombed northwest Sokoto state, targeting Islamic State Sahel Province fighters usually found in neighbouring Niger, along with Mali and Burkina Faso.

AFP

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2027: Tinubu Stands No Chance of Second Term, Says Rhodes-Vivour

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A chieftain of the African Democratic Congress (ADC) and the 2023 Labour Party governorship candidate in Lagos State, Gbadebo Rhodes-Vivour, has argued that President Bola Tinubu has no pathway to re-election in 2027.

Rhodes-Vivour, who appeared on Channels Television’s Politics Today on Wednesday, said data from credible polls indicate that Tinubu will not win next year’s presidential election.

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“I have looked at data, we have polling that is going on now, credible polling — there is no pathway for the president to emerge victorious, that is why we are seeing all these shenanigans,” he said.

He added: “There is no pathway for him. When you look at the North that gave him 62 per cent of his votes, you see the tsunami that is happening in the North. You have a president that created a government system that is just for the city boys. It is a city boys’ government. It’s not even a proper South-West government; it’s his cronies that are just in charge.”

The Lagos politician blamed the president for the crisis affecting opposition parties, including the ADC.

According to him, having assessed that the odds are against him ahead of the 2027 polls, the president is resorting to instigating crises within opposition ranks as a strategy to retain power.

“So, the best pathway is to create an environment where he is the only candidate on the ballot for the presidency. That is what he is trying to achieve, but he is not going to succeed,” he said.

Last week, the Independent National Electoral Commission (INEC) removed the names of David Mark and Rauf Aregbesola as chairman and secretary of the ADC from its portal, citing a court order to maintain the status quo.

The party has faulted INEC’s decision, alleging that the electoral body misinterpreted the court order. Since then, the ADC leadership has held a world press conference to reject the move.

Earlier on Tuesday, prominent members of the party staged a “Save Nigeria Democracy” protest at INEC headquarters in Abuja. Among those present were Peter Obi; former Vice President Atiku Abubakar; former Governor of Rivers State, Rotimi Amaechi; former Governor of Kano State, Rabiu Musa Kwankwaso; former President of the Senate, David Mark; former Governor of Osun State, Rauf Aregbesola; and former Governor of Sokoto State, Aminu Tambuwal, among others.

Hundreds of supporters, including members of the Kwankwasiyya Movement, also participated in the protest.

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Kebbi Assembly Speaker, Usman Zuru, Dies in Egypt

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The Speaker of the Kebbi State House of Assembly, Muhammad Usman Zuru, is dead.

Zuru died on Monday night in an Egyptian hospital where he had been receiving treatment for an undisclosed illness.

His death was confirmed by sources close to the Kebbi State Government, although details surrounding his illness were not disclosed.

Until his death, he represented Zuru Constituency in the state assembly and was regarded as a key figure in the legislature.

Confirming the development, an aide to the governor on Communication and Strategy, Idris Zuru, described the incident as shocking.

“The death of the Speaker, Rt. Hon. Muhammad Usman Zuru, came to us as a rude shock. It is a painful loss not only to Kebbi State but to the entire nation,” he said.

He added that further details would be provided by the government.

“We are still gathering full details surrounding his passing. The government will make an official statement and announce burial arrangements in consultation with the family,” Zuru stated.

Further announcements on funeral arrangements are expected from the state government and the family.

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