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FirstBank Partners CFA Society Nigeria to Host 2019 Ethics Challenge Competition
FirstBank Nigeria Limited, in furtherance of its commitment to promoting business ethics, professional excellence and education, is partnering with CFA Society Nigeria for the third consecutive year to host its annual flagship event, the Ethics Challenge. The event is scheduled to hold on Friday November 15 & Saturday 16, 2019 in Abuja and Lagos for the regional and national levels respectively.
FirstBank’s efforts epitomise its Endowment programme – the Samuel Asabia Chair for Business Ethics at the University of Lagos.
The Ethics Challenge is designed to increase students’ awareness of the ethical dilemmas and issues they may face when they enter the investment management industry. At the Ethics Challenge, students are given an ethics case study to analyze, evaluate, recommend and present to a panel of judges. To determine the winning team, the judges provide feedback based on the identification and understanding of the ethical issues in the case, the recommendations provided with the depth of the analysis, quality of the presentation, and responses to the judges’ questions.
The 2018 winner, Obafemi Awolowo University, would defend its trophy against 15 other higher institutions in the country. Babcock University, Bowen University, Covenant University, Federal University of Technology Akure, Mountain Top University, University of Calabar, University of Ibadan and University of Lagos are the schools competing in the Lagos preliminary round.
Competing in the Abuja preliminary round are University of Abuja, University of Maiduguri, Bayero University, University of Ilorin, University of Nigeria, Nsukka and Madonna University.
The judges for the contest are Mrs. Adeola Asabia, Member, Board of Trustees, Business Ethics Chair, University of Lagos; Musa Bagudu, CFA, Head, External Funds Management Office, Central Bank of Nigeria; Kunle Anida, CFA Director, Deals Advisory, PWC Nigeria amongst others.
According to CFA Society Nigeria President, Mr. Banji Fehintola, “The annual Ethics Challenge embodies CFA Society Nigeria’s mission to promote the highest standards of ethics in our investment and financial services industry. It touches on many of CFA Institute’s Future of Finance six areas of focus which include: Transparency and Fairness, Regulation and Enforcement, and Safeguarding the System. It also promotes ethical awareness and fosters a healthy investment industry that works for the ultimate benefit of society. Through our collaboration with First Bank of Nigeria Limited to run this competition annually, we will continue to invest in our university students and we hope to build the commitment of our future professionals to operate according to sound ethical principles”.
Expressing her delight on FirstBank’s support and participation in the CFA Ethics Challenge, the Group Head, Marketing & Corporate Communications, First Bank of Nigeria Limited, Folake Ani-Mumuney said “throughout our 125 years of existence, we pride ourselves as exemplary in ensuring that global best practices are upheld in accordance to ethical standards across our organizational practices and activities.
“We recognize the impact of the CFA Society Nigeria through its giant strides in fostering Code of Ethics and Standards of Professional Conduct amongst university students and other touch points in the society in preparing them to overcome ethical challenges that they may face in the workplace environment.“
The Federal High Court In Abuja on Tuesday ordered the remand of the Former Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), at the Kuje Correctional Centre pending the hearing and determination of their bail application.
The trial judge, Justice Emeka Nwite, also ordered the remand of his co-dedendants, his son, Abubakar Malami, and one of his wives Bashir Asabe.
Justice Nwite made the order after taking arguments from the defence team led by Joseph Daudu (SAN) and the prosecution counsel Ekele Iheneacho (SAN).
Malami and his co-defendants are facing a 16-count money laundering charge preferred against them by the Economic and Financial Crimes Commission.
The EFCC alleges that the defendants conspired at various times to conceal, retain and disguise the proceeds of unlawful activities running into several billions of naira.
According to the charge, the alleged offences span several years and include the use of companies and bank accounts to launder funds, the retention of cash as collateral for loans, and the acquisition of high-value properties in Abuja, Kano and other locations.
The commission further alleges that some of the offences were committed while Malami was serving as Attorney-General of the Federation, in breach of the Money Laundering (Prohibition) Act 2011, as amended, and the Money Laundering (Prevention and Prohibition) Act 2022.
Minister of the Federal Capital Territory (FCT), Nyesom Wike, has sent a veiled message to Rivers State governor, Siminalayi Fubara, saying support for President Bola Tinubu alone will not guarantee any election ticket.
Wike made the statement on Sunday during a public outing in Emohua Local Government Area of Rivers State.
His remarks were widely seen as directed at Governor Fubara, amid lingering political crisis in the State.
The former Governor of Rivers State said political loyalty must be tested during difficult times, not after power has been secured.
He mocked those he described as late supporters of President Tinubu, insisting that sudden alignment would not earn political rewards.
He said: “So the issue is not whether you are supporting Tinubu. That one, we have taken too long, long… Yes, oh. So Tinubu’s issue is not an issue again. Yes. Do you understand me? Yes. Tinubu’s issue is that nobody should be coming here to tell a day. We are for Tinubu; I am against you. Who is for Tinubu University? (laughs) That cannot give you any ticket oh! (laughs again) Direct, direct. It will not. Direction. Direction.”
Wike stressed that his political camp stood with Tinubu when the decision was unpopular. He said that support given under pressure carries more weight than alignment after victory.
He also recalled how the Rivers State House of Assembly openly backed Tinubu early, long before the election outcome was certain.
According to him, some of those now making public declarations were absent during the critical period.
“The same people now who came to declare, put them to God… But they should declare they are saying it for a candidate. Yes. Don’t you see characters? (laughs) So I send the sword far ahead of them.”
Wike further spoke on governance and continuity. He defended projects and agreements initiated during his tenure as governor. He said it is often difficult for successors to acknowledge past efforts, even though government is a continuous process.
His comments come weeks after Governor Fubara formally aligned with the All Progressives Congress (APC), the party of President Tinubu.
The move followed months of political crisis in Rivers State, which led to federal intervention and a declaration of emergency rule.
Political watchers believe Wike’s remarks constitute a direct response to Fubara’s recent positioning as a key Tinubu ally in Rivers politics. Critics argue that Fubara’s support surfaced only after the political storm had settled.
Wike, who remains a dominant force in Rivers State politics despite serving in Abuja, appears to have drawn a clear line ahead of the 2027 elections.
He suggested that political tickets would be decided by proven loyalty, not convenience.
Videos from the event in Rumuche, Emohua, spread rapidly on social media. Many users described the speech as a coded warning to the governor.
As of press time, neither the Rivers State Government nor Wike’s media team had issued an official clarification.
The comments, however, suggest that the political rift between both camps is still active, despite earlier peace moves brokered at the national level.
The opposition African Democratic Congress and the Labour Party on Sunday criticized President Bola Tinubu for departing Nigeria for Europe on holiday at a time the country is grappling with rising insecurity, including foreign military interventions in the North.
The Presidency announced on Sunday that Tinubu left Lagos for Europe for his end-of-year holiday ahead of an official visit to Abu Dhabi, United Arab Emirates, where he is scheduled to attend the 2026 edition of the Abu Dhabi Sustainability Week Summit.
President Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, explained that the trip was by invitation from His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, to participate in the summit, which gathers global leaders from government, business, and civil society to advance sustainable development strategies.
“His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, has invited President Tinubu to participate in the 2026 edition of Abu Dhabi Sustainability Week Summit, which will take place in the emirate early in January,” the statement read.
Reacting to Tinubu’s departure, the ADC, in a statement by its National Publicity Secretary, Bola Abdullahi, faulted the timing as inappropriate given the security challenges facing the country.
The ADC noted the deadly terrorist bomb blast in Zamfara and the ongoing foreign military involvement, calling the President’s move insensitive.
“President Bola Ahmed Tinubu’s lack of care is alarming. In the wake of another deadly bomb blast in Zamfara, and following an unprecedented foreign military attack on Nigerian soil, the nation is waiting for reassurance from its leader. Instead, we learn the President has gone on holiday. What a President!” Abdullahi said.
Similarly, LP’s acting National Chairman, Senator Nenadi Usman, described the trip as “insensitive and devoid of empathy” for Nigerians facing violent attacks and humanitarian crises.
Speaking through her Senior Special Adviser on Media, Ken Asogwa, she stressed that the President should have remained in the country to coordinate security responses.
“This is the most inauspicious time for the President to leave the country. Even the Christmas holiday in Lagos seems ill-timed, given that a bomb exploded in Zamfara today, killing nine people,” Usman said.
She further alleged that Nigeria was under external attack and accused the government of downplaying the severity of the situation.
“Nigeria is under attack by a foreign nation. No matter how the government tries to frame this, it is a violation of our sovereignty. This is the time for the commander-in-chief to coordinate the response, not embark on a holiday,” Usman said.
She added that the President had not convened critical security meetings since the U.S.-led bombardment of terrorist camps in Kwara and Sokoto States and condemned the perceived lack of engagement with military leadership.
The President’s trip comes amid heightened security concerns. On Thursday, U.S. President Donald Trump authorised AFRICOM to conduct airstrikes on terrorist camps in Sokoto State, hours before Nigeria’s Ministry of Foreign Affairs acknowledged the operation. A deadly bomb blast in Zamfara on Friday claimed several lives.
The 17th edition of Abu Dhabi Sustainability Week will run from January 11 to 15 at the Abu Dhabi National Exhibition Centre under the theme “The Nexus of Next: All Systems Go.”
The event aims to connect innovation, finance, and people to advance sustainable development.
Onanuga confirmed that Tinubu would return to Nigeria after the summit.
Hosted by Masdar, the UAE’s clean energy company, the summit will feature the invitation-only ADSW Summit, the World Future Energy Summit, the Zayed Sustainability Prize Awards Ceremony, and specialised sessions on hydrogen, climate finance, water security, and utilities in the Global South. Organisers expect more than 50,000 participants from over 170 countries, featuring over 700 global brands and exhibitions of emerging clean technologies.
The UAE Minister of Industry and Advanced Technology, Dr Sultan Al Jaber, noted that ADSW 2026 builds on two decades of the UAE’s leadership in renewable energy.
Tinubu previously attended the Abu Dhabi Sustainability Week in January 2025, where he held meetings with Gulf investors and officials on trade, energy cooperation, and climate finance.
Since assuming office on May 29, 2023, Tinubu has undertaken at least 46 foreign trips, spending an estimated 192 days abroad as of October 2025. In 2025 alone, he travelled internationally no fewer than 15 times to countries including Ghana, the UAE, Tanzania, France, Italy, Saint Lucia, Japan, and Brazil for summits, bilateral engagements, and holidays.
