Personality in Focus
We Are Positioning for Digital Leadership, Market Dominance – Polaris CEO, Sonola
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Leading digital financial institution, Polaris Bank, has assured customers, financial sector stakeholders, and regulators that the Bank passed its road to recovery years back.
Chief Executive Officer (CEO), of the financial institution, Adekunle Sonola, stated this in a recent interview, with PROSHAREs team of analysts, noting that the Bank is currently on the growth path leading to market dominance.
According to him, careful rethinking and re-strategizing corporate plans create the bedrock of competitive burst and business sustainability, both attributes that Polaris Bank has focused on in the last few years, working with professional bodies such as PwC, Ernst & Young (E&Y), and KPMG across several corporate verticals.
“The bank has travelled past the recovery road years back; it is currently on the growth road leading to market dominance.
“Adequate capitalization is a key measure of financial health, providing comfort to depositors and affording balance sheet and business growth. The bank is presently adequately capitalized, operating well above the 10% minimum requirement for National Banks. Nonetheless, we are concluding arrangements to inject Tier II capital into the Balance Sheet to support our growth aspirations. Our shareholders are ready and willing to inject Tier I capital into the books. Having instituted best-in-class risk management practices, and maintaining adequate capitalization to support our growth objectives is not one of the bank’s immediate challenges and will not be in the foreseeable future. The new owners are committed to providing necessary support towards building a strong and resilient financial position to underwrite transactional activities of the Bank for sustainable value creation,” Sonola assured.”
Confirming that the Bank now operates a two-prong ideology of controlling the funding cost and growing earning assets at economic pricing, the Polaris Bank boss noted that earning asset growth is something the Bank is driving at from both the investment and risk asset sides of the business.
“The Bank has consistently been growing its asset base year-on-year (Y-o-Y). The Bank’s recently developed strategic plan will guide the Bank to a position of being a major challenger of Tier 1 banks and be the leader among Tier II banks along all the key performance parameters. Furthermore, the bank’s focus is to be one of the most efficient deposit money institutions in the industry, delivering superior value to its stakeholders, our competition is not of size, but value creation.
“We have revamped our go-to-market structure, broadening our customer base, fine-tuning our product, and supporting service offerings, strengthening personnel sales capacities, and improving our loan onboarding processes. We are very confident our Net interest income and margin will witness considerable growth as our strategies mature.”
Clarifying that cost control is a critical part of the Bank’s tactical and strategic roadmap, Polaris Bank Managing Director said its short-term tactics come from its longer-term strategies, adding that at the tactical level, the Bank is strengthening digital deliveries, and upgrading the capabilities and offerings on Digital Bank, Vulte, for an even more intensive and intuitive experience across customer journeys.
Polaris Bank has also improved its digital play, as reflected in the improvement of technological interfaces that feed into the customer’s journey expectations and experiences.
“We intend to build a dominant digitally led retail franchise and continue to reshape the bank’s business processes and support technology to continuously improve enterprise agility. The key thing is to drive top-notch processes and build agility in customer responsiveness.
“The VULTE product is just one of our service offerings. Indeed, we are creating a digital service reality that is customer service-focused. The technology driving this will scale digital service delivery to enhance our customers’ product or service experiences as we front-load features that fit into their expectations and future possible journey outcomes. As financial service platforms get better and continue to be an enabler, a part of the fabric of our modern economy, we will be an integral part of the way people carry out their businesses and we will make their digital journeys an integrated friendly experience. One cannot talk too much about this, but the tea leaves are pointing to a fresh pathway to consumer banking satisfaction.”
Other areas of positive growth in the Bank include the creation of a more powerful customer service experience via improved staff productivity with the best of Polaris Bank staffers driving the process having gone through upskilling and retraining programmes. This ensures we are driving a productivity-sensitive framework that marries staff effort with measurable business contributions.
“We have zeroed in on offering superior customer experience as a competitive tool. The new world of competitiveness requires that corporations are agile and flexible, we are building this into the bank’s operational DNA. Our customer journey experiences have been deconstructed across demographics and the service propositions will soon grace banking halls in the next eighteen months at the latest.
“We plan for a stronger balance sheet, with higher loan quality, greater liquidity, larger capital, and resilience to absorb economic shocks. Our loan asset quality has improved significantly, thereby improving liquidity, earnings, and the bank’s capital. We are primed to improve our cost-to-income ratio (CIR), Capital Adequacy Ratio (CAR), and Cost-of-Risk ratio (CoR). In the recent past, we saw bumps in the risk area with CoR higher than we would like, but more recently risk quality has improved leading to lower CoR.”
With a focus on customer-centricity, risk management, cost optimization, and technological advancements, Polaris Bank is seen as positioning itself as a major player in the industry, offering superior customer experiences and driving financial performance.
The Bank has been decorated as Nigeria’s Digital Bank of the Year in two successive years; it aims to position itself as a dominant digitally-led retail franchise, delivering superior value to stakeholders.
Distinguished legal practitioner and Senior Advocate of Nigeria (SAN), Dr. Monday Onyekachi Ubani, has reached another defining milestone in his illustrious career after earning a Doctor of Philosophy (PhD) honours in Law from Babcock University.
The new feat is a definite declaration that his academic journey is far from over just as he seeks the next frontier – professorship.
Ubani was among a select group of scholars conferred with doctoral degrees during the university’s 2026 convocation ceremony, an event that celebrated academic excellence, research and innovation. The colourful ceremony attracted government officials, members of the Bench and Bar, academics, family members and well-wishers from across the country, National Association of Online Security News Publishers, NAOSNP can report.
Ogun State Governor, Prince Dapo Abiodun, who attended the convocation as a special guest, congratulated the graduating students on their academic accomplishments and challenged them to deploy their knowledge, research and expertise towards national development. He also commended Babcock University for its sustained commitment to quality education, impactful research and the development of highly skilled professionals.
In his welcome address, the Vice-Chancellor of Babcock University, Prof. Afolarin Ojewole, described the convocation as a celebration of discipline, sacrifice, resilience and scholarly excellence. “Earning a PhD represents years of rigorous research, critical inquiry and unwavering commitment to knowledge,” he said, noting that the achievement reflected not only the graduates’ determination but also the invaluable support of supervisors, lecturers, families, friends and the wider academic community. He added that the newly conferred doctoral graduates now bear the responsibility of contributing meaningfully to public policy, professional practice, national development and the global body of knowledge through research and innovation.
Among the highlights of the ceremony was the conferment of the Doctor of Philosophy (PhD) in Law on Dr. Monday Onyekachi Ubani, SAN, whose latest academic accomplishment further reinforces his reputation as one of Nigeria’s foremost legal minds and a passionate advocate of lifelong learning.
Speaking with journalists shortly after the ceremony, the elated Ubani described the doctoral journey as one of the most intellectually demanding experiences of his life. “The journey does not end with the graduation ceremony. There are still administrative processes to complete. It is a very rigorous journey, but it is worth every sacrifice,” he said.
He encouraged professionals across different fields, including journalists, to embrace higher education, describing the PhD as “the last bus stop of knowledge.”
“I recommend a PhD for everyone, including journalists, if you can. It is a worthwhile experience that broadens your knowledge and perspective,” he stated.
Despite attaining one of the highest academic qualifications available, Ubani revealed that his ambitions remain alive. “The next step is professorship. I’m going for it. I want to start lecturing. Once I have a university where I’m lecturing, I will begin writing more. I’m a good writer; I even write better than I speak. By the grace of God, I believe He will make it happen. I have become a Senior Advocate of Nigeria, I have become a doctor, and I also hope to become a professor,” he said.
Offering words of encouragement to young Nigerians, Ubani urged them to remain steadfast in pursuing their aspirations through perseverance, diligence and faith.
“My message to the younger generation is that they must persevere. But, most importantly, they must know God. If you have God in your life, there is nothing you cannot achieve. There is nothing you cannot do if God is with you,” he said.
He also expressed heartfelt appreciation to his family, mentors, colleagues and friends for their unwavering support throughout the demanding doctoral programme, describing the achievement as a testament to God’s grace, hard work and the encouragement of those who believed in him. The convocation concluded with the formal conferment of doctoral degrees on successful candidates, as Babcock University charged the new PhD holders to uphold the highest standards of scholarship, integrity and service while applying their research to address societal challenges and advance national development.
The Ooni of Ife, Oba Adeyeye Ogunwusi, Ojaja II, has announced the passing of his immediate elder brother, Prince Adetunji Ogunwusi.
The monarch made the announcement in a statement released on Sunday through the Director of Media and Public Affairs at the Ooni’s Palace, Sodiq Lawal.
Describing the late prince as a respected businessman and compassionate leader, the Ooni said Prince Adetunji lived a life dedicated to service, humility and the wellbeing of others.
According to the statement, the death of Prince Adetunji has left a deep void in the Ogunwusi family, the Ojaja Royal Dynasty and the entire Ile-Ife Kingdom.
Prince Adetunji, who was born on December 8, 1967, was a member of the Ojaja lineage of the Giesi Ruling House in Ile-Ife. He was also the Group Chairman of Primewaterview Holdings, where he earned recognition for his contributions to business development and entrepreneurship.
The Ooni noted that his late brother built a reputation as an innovative entrepreneur and visionary leader. Through his business activities, he created opportunities for many people and contributed to economic growth in different sectors.
The monarch further stated that beyond his achievements in business, Prince Adetunji was known for his generosity, kindness and commitment to humanitarian causes. He was said to have quietly supported many individuals and families, offering assistance, guidance and encouragement whenever needed.
The statement added that Prince Adetunji’s influence extended beyond the corporate world, as he remained deeply connected to his roots and maintained a strong interest in the progress and development of Ile-Ife and its people.
The Ooni described his late brother as a dependable adviser, a loving family member and a man whose legacy would continue to inspire future generations.
Family members, friends, associates and well wishers have continued to pay tribute to the late prince, remembering him for his humility, wisdom and positive impact on society.
The palace said further details regarding funeral arrangements and other ceremonies would be announced by the family in due course.
Prince Adetunji’s death marks a significant loss to the royal family and the people of Ile-Ife, who will remember him for his service, leadership and dedication to humanity.
The Nigerian Bar Association (NBA) has elected Oyinkansola Badejo-Okusanya, a Senior Advocate of Nigeria (SAN), as its next president after she polled the most votes when voting officially ended Sunday morning.
Mrs Badejo-Okusanya, the only female among the three presidential candidates, polled 12,317 votes to emerge the winner of the election, which was held through electronic voting for 24 hours. from 7:35 a.m. on Saturday to 7:34 a.m. on Sunday
She defeated her two challengers, polling 47.18 per cent of the 26,106 ballots cast in the presidential election, based on the final tally…
