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Stanbic IBTC Bank Appoints Sola David-Borha As Board Chairman

The Board of Stanbic IBTC Bank PLC (“the Bank”) has announced the appointment of Mrs. Sola David-Borha as Chairman of the Board, effective 26 November 2021.
Sola recently retired as Chief Executive, Standard Bank, Africa Regions. She was previously Chief Executive of Stanbic IBTC Holdings PLC and prior to that, was also Chief Executive of Stanbic IBTC Bank PLC.
Mrs. David-Borha has had an extensive career in the financial services industry which has spanned over three decades. Her executive educational experience includes the Advanced Management Program of Harvard Business School and the Global CEO Program of CEIBS, Wharton and IESE. She is an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria and winner of the CNBC African Woman of the Year Award for 2016.
While commenting on the appointment, Mr. Wole Adeniyi, Chief Executive, Stanbic IBTC Bank PLC, stated, “Mrs. David-Borha has held several leadership roles over the years in the group and once again, we are privileged to have her as the Chairman of the Board of Stanbic IBTC Bank PLC. The Bank will definitely benefit from her wealth of experience as she brings to bear her decades of experience and wealth of knowledge in the financial services industry”.
Mrs. Sola David-Borha takes over from Mr. Barend Kruger who resigned as Chairman of Stanbic IBTC Bank on 21 October 2021. Kruger, however, remains on the Board of Stanbic IBTC Holdings PLC as a Non-Executive Director.
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Edo Guber Tribunal Delivers Judgment Today

The Edo State Governorship Election Petition Tribunal, sitting in Abuja, has
scheduled Wednesday, April 2, 2025, to deliver its judgment on the petition filed by Asue Ighodalo of the Peoples Democratic Party (PDP) challenging the victory of Governor Monday Okpebholo in the September 21, 2024, gubernatorial election.
A three-member panel, led by Justice Wilfred Kpochi, reserved judgment on March 3 after parties in the suit concluded their final arguments.
The Independent National Electoral Commission (INEC) had on September 22 declared Okpebholo of the All Progressives Congress (APC) winner of the election with 291,667 votes, defeating Ighodalo, who polled 247,274 votes, and Labour Party’s Olumide Akpata, who garnered 22,763 votes.
Dissatisfied with the outcome, the PDP and its candidate approached the tribunal, alleging widespread irregularities, including
over-voting, ballot serialisation issues, errors in collation, and miscalculations in results.
In the suit marked EPT/ED/GOV/02/2024,
Ighodalo presented a senior technical officer from INEC’s ICT department as a witness, who tendered 154 BVAS machines as evidence to substantiate claims of
over-voting.
Adopting his final address, Ighodalo further alleged that results from 765 polling units were manipulated at the collation centers and that errors in computation affected the final outcome.
He urged the tribunal to nullify the Certificate of Return issued to Okpebholo and declare him the rightful winner of the election.
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Rivers Gov, Fubara, Bags International Peace Medal

A UK-based newspaper, TheNigerian News, has announced Governor Siminalayi Fubara of Rivers State as the winner of its International Peace Prize Medal Award 2023.
A statement by the company’s Chief Executive Officer, David Young, said the award is in recognition of Governor Fubara’s purposeful leadership and firm belief in democracy and the rule of law.
Young said the governor has also demonstrated outstanding performance and sterling qualities of a trailblazer with a deep commitment to the unity and progress of his people.
He noted that Fubara has shown unwavering courage amid intimidation and oppression to promote peace, harmony, and stability in Rivers State and beyond.
According to the company, the Rivers State governor understands that any political crisis would hinder his developmental plans, adding that only a man with the genuine interest of the masses will tow the path of peace.
He said, “Governor Fubara emerged among other nominees for his courage and passion for his people. An exceptional leader, he has shown an unwavering commitment to promoting peace and unity across the world.
“His dedication to improving the lives of Rivers people has earned him this well-deserved recognition. Governor Fubara is an inspiration to societies striving towards ideals of diversity, transparency, and democracy.
“We can’t over-emphasize the importance of peace in driving economic prosperity. Governor Fubara understands this simple principle.
“We, therefore, urge him to remain focused on his goals and ignore distractions. His pure and clear heart will continue to make way for him.
“We want him to see this award as a higher calling towards deeper commitment to peacebuilding in Nigeria, Africa, and the world at large.”
Fubara, has in the last couple of months been locked in bitter rivalry with his predecessor, who is the current Minister of the Federal Capital Territory (FCT), Nyesom Wike, over the control of the state.
The contest has led to resignation of most commissioners, destruction of the state House of Assembly Complex as well as the decimation of the membership of the state Assembly.
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FG, States warn Lagdo Dam Flood-prone Communities to Evacuate

The Federal Government and states likely to feel the impact of the proposed release of huge volumes of water from the Lagdo Dam in Cameroon on Sunday advised affected residents to leave the areas to avoid impacts on human lives and valuable assets.
According to the National Emergency Management Agency officials, no fewer than 11 states including Adamawa, Taraba, Benue, Nasarawa, Kogi, Anambra, Edo, Delta, Bayelsa, Rivers and Cross River are likely to feel the negative impacts of the opening of the dam, and prevent deaths and other disasters associated with floods. These are states along the path of River Benue in Nigeria.
It was gathered on Sunday that Cameroon informed the Federal Government that it would soon open its Lagdo Dam.
The Director of the African Affairs, Federal Ministry of Foreign Affairs, Umar Salisu, said in a letter dated August 21, 2023, that the ministry received a note from the High Commission of Cameroon as regards the opening of the dam.
The letter, which was addressed to the National Emergency Management Agency, read in part, “I have the honour to inform that the ministry is in receipt of a Note Verbale from the High Commission of the Republic of Cameroon informing that Cameroonian officials have resolved to open the flood gates of the Lagdo Dam on the Benue River in days ahead due to the heavy rainfall around the dam catchment area in Northern Cameroon.”
The letter stated that it was pertinent to note that when the release of water became necessary, the authorities of the Lagdo Dam would be releasing only a modulated variable small amount of water at a time in order to mitigate and avoid damage that the released water might cause along the River Benue basin in both Cameroon and in Nigeria.
“In view of the above, it would be appreciated if the esteemed agency takes all the necessary proactive steps and actions that will mitigate the damage as well as sensitise the populace living in such areas to vigilance and all necessary precautions.”
Lagdo Dam, located 50 kilometers south of the city of Garoua on the Benue River, often releases huge volumes of water when overflowing and this leads to flooding in various states downstream of Nigeria.
Based on this development, some states to be affected by the opening of the dam confirmed on Sunday that they would demolish structures on waterways, while others earmarked some schools to serve as camps for internally displaced persons.
Officials of the National Emergency Management Agency and the Nigeria Hydrological Services Agency said 11 states were along the path of River Benue and are going to be affected by the opening of Lagdo Dam.
Although they noted that there was no cause for alarm, they named the states to include Adamawa, Taraba, Benue, Nasarawa, Kogi, Anambra, Edo, Delta, Bayelsa, Rivers and Cross River.
The Head of Media and Public Relations, NEMA, Ezikiel Manzo, said the agency had informed the state governors, adding that the states had been advised on what to do to mitigate the impact of possible floods.
“We have introduced this into all our awareness programmes and in addition to that, NEMA has written to all the governors to alert them. We have also mentioned the things that they need to do in order to mitigate the impact of the flood.
“So what this means is that with this information concerning the excess water being released from the dam, it means that all the state governments along the River Benue axis, the time has come for them to match action with the information that has been given to them in anticipation of this flood.
“And some of the things they need to do is for them to immediately monitor the people and communities along the flood pathway and begin to move them away from danger.
“They (Lagdo Dam) are just beginning the release of the water, we don’t know, but if the rain increases and the release of the water continues, it means the people will need to move quickly out of the floodplain.”
Manzo, however, stated that ‘if after this initial release we do not have much rain again, then it means they are going to stop. I’m saying this because we don’t want to send people panicking that the release means that they should run away completely from the river bank.
“But what we are saying is that the time has come for the people to be conscious of the risk that is lying beside them in terms of the likelihood that the river will overflow its bank.”
Asked to name the states that are likely to be affected, the NEMA official said, “They include Adamawa, Taraba, Benue, Nasarawa, Kogi. Then from Kogi, we have states like Anambra, Edo, Delta, and Bayelsa.”
The punch