News
UBA, FCMB, Access, GTBank fined N493.27m for contraventions


Four commercial banks paid fines totalling N493.27 million in two years for contravening the Banks and Other Financial Institutions Act (BOFIA), thereby depleting the shareholders funds of the banks.
The News Agency of Nigeria (NAN) reports that the affected banks are: United Bank for Africa (UBA), FCMB Group, Access Bank and GTBank.
A breakdown of the figure, as contained in the banks’ annual reports showed that UBA paid the highest fine of N162.64 million for various contraventions during the period under review.
Specifically, the bank paid N75 million in the 2017 financial year for various contraventions having paid N87. 64 million in 2016.
It was trailed by Access Bank which paid N133.48 million in all, N78 million in 2017 and N55.48 million in 2016.
The FCMB Group paid a total of N117. 02 million, N28.26 million in 2017, and N88.76 million in 2016.
Similarly, GTBank paid N80.13 million for various contraventions, which include N18.08 million in 2017 and N62.05 million in 2016.
Speaking on the various penalties, Prof UcheUwaleke, the Head of Banking and Finance Department, Nasarawa State University Keffi, said banks contravene rules for obvious reasons.
Uwaleke said the benefits of contraventions outweighed the costs and as rational economic agents, the banks chose to be in breach and face the consequence which was a mere slap on the wrist.
On the way forward, he said that the apex bank should ensure that the cost of contravention was high enough to serve as a deterrent.
According to him, enforcement of stiff penalties will surely reduce the propensity to flout regulations by the banks.
Mr Moses Igbrude, General Secretary, Independent Shareholders Association of Nigeria, ISAN, said payment of penalties as a way of enforcing compliance with rules and regulations was disadvantageous to shareholders.
Igbrude said it was the duty and responsibility of the management of the banks to comply with all the rules to avoid paying fines or penalties by employing compliance officers.
According to him, the compliance officers should be trained and equipped on how to monitor and supervise to ensure adherence to all rules to avoid payment of huge fines to the regulators.
“Where such officers fail in their duties, they should be made to pay such fines or penalties from their salaries,” he said.
Igbrude said the CBN and other regulators should not use money, fines or penalties as the only tools of ensuring compliance.
“They should not be seen as money mongers or using it as a major source of revenue to the detriment of shareholders.
“We shareholders will continue to engage management of banks on best ways to minimise or eliminate this challenge of compliance to rules and regulations,” he said.
Mr Boniface Okezie, the National Coordinator, Progressive Shareholders Association of Nigeria, said that banks must do everything possible to avoid falling prey to Central Bank of Nigeria (CBN) sanctions.
Okezie said some of the contraventions would have been resolved administratively as against the depletion of shareholders and banks operational funds.
He said the management of the banks should be made to pay the penalties but not at the expense of the shareholders.
Okezie said that the amount of money paid by banks for contravention was worrisome and regrettable, noting that shareholders suffer the consequences.
He called for the intervention of the Federal Government in order to protect the shareholders.
NAN recalls that the banks at their various Annual General Meetings (AGMs) assured their shareholders that they would do everything possible to avoid payment of penalties.
Mr Herbert Wigwe, the Group Managing Director (GMD), Access Bank told the shareholders that the bulk of the contravention was in respect of the Bank Verification Number (BVN) registration.
He assured the shareholders that the bank had strengthened the BVN registration process across all branches to avoid default.
Similarly, Mr Kennedy Uzoka, GMD, UBA, said the bank would do everything possible to avoid unnecessary fines in the course of doing business. (NAN)
News
Mbah to NBA: “Law, the Conscience of the Nation, Justice Sector Reform, a Cornerstone of Our Administration”
By ORJI ISRAEL


Governor of Enugu State, Dr. Peter Mbah, has reminded lawyers that the law is more than a profession, as it serves as the conscience of the nation.
Mbah, who spoke during the opening of the 2025 Annual General Conference, AGC, of the Nigerian Bar Association, NBA, at the International Conference Centre, Enugu, on Sunday, also restated the commitment of his administration to justice sector reform, saying that it remained the cornerstone of his government.
“Let me say this: the theme of this year’s conference, ‘Stand Out, Stand Tall,’ is a timely reminder of the responsibility we bear as lawyers and leaders. The law is not just a profession – it is the conscience of the nation. We are not only courtroom advocates; we are also defenders of truth, architects of peace, and champions of equity,” he said.
Listing some concrete steps by his administration towards justice sector reform, the governor said, “Since assuming office, we have made justice sector reform a cornerstone of our governance. Just a few examples will suffice.
“We were among the first states to fully implement financial autonomy for the judiciary in line with Section 121(3) of the 1999 Constitution (as amended). This has enhanced the efficiency, independence, and dignity of our courts.
“We have carried out a comprehensive rehabilitation and digitization of our courtrooms across the three senatorial zones. The High Court Complex in Enugu is equipped with e-filing, virtual hearing facilities, and an integrated case management system.
“To decongest our courts and promote alternative dispute resolution, we have strengthened and expanded the Enugu Multi-Door Courthouse, making it a model in the region for commercial and family dispute settlement.
“Through partnership with civil society and the NBA, we have expanded access to pro bono legal services for indigent citizens and detainees, especially in our rural areas. No one should be too poor to afford justice.
“We have also carried out an extensive codification and review of obsolete state laws to reflect modern realities, ensure gender justice, and promote the ease of doing business in Enugu.
“Perhaps one of the reforms I am proudest of – we introduced real-time transcription for our courts. Attaining Verbatim Reporting for the courts has eliminated the strain of longhand recording on judges, cut down on delays and improved productivity,” he said.
He, however, asserted that none of the reforms was an end in itself, noting that they remained part of a broader vision of his government towards making Enugu State the preferred destination for investment, innovation, and inclusive development.
“From smart schools, safe communities to accessible healthcare – our vision cannot be achieved without a justice system that is fair, functional, and trusted,” he added.
The opening ceremony was chaired by the Sultan of Sokoto, His Eminence, Dr. Sa’ad Abubakar III, while the keynote address was given by charismatic leader of the Economic Freedom Fighters of South Africa and a member of country’s national parliament, Julius Malema.
News
70% of Christians killed in 2024 are African – Group
ORJI ISRAEL reports that the group accused ANC of maintaining silence on religious persecution, while deepening ties with ideological extremists in Tehran


Recent reports indicate that over 4,400 Christians were murdered for their faith last year, while over the past decade, jihadist violence has driven 16 million Christians from their homes, millions of which are African citizens.
This is according to global Christian charity, Open Doors, which also confirms that for every five Christians, one will face persecution in Africa specifically.
Open Doors’ 2025 World Watch List reveals the top 10 most dangerous countries for Christians are dominated by Islamic states in the Middle East and Africa, including Afghanistan, Pakistan, Iran, Yemen, Sudan, Somalia, Libya, and Nigeria. A more detailed UK Parliament briefing recently noted that 70% of Christians killed in 2024 were indeed in Africa.
Over the last six months, the brutality against Christians in Africa has escalated to alarming levels, with a series of devastating attacks across the continent. Just last month, ISIL-affiliated rebels stormed a Catholic church in Komanda, DRC, murdering close to 50 worshippers, including women and children. That same month in Mozambique, Islamic State fighters captured and beheaded six Christians from Natocua village, just across South Africa’s border. A month earlier, in June 2025, armed militants in Nigeria massacred nearly 200 Christian civilians in Yelwata village.
“What we are witnessing is not random violence or isolated attacks. It is a deliberate, coordinated campaign by jihadist networks to wipe Christianity from vast regions of Africa and the Middle East,” says SAFI spokesperson, Bafana Modise. “These acts of terror are the early stages of a genocide against Christians, and history will record who spoke out and who shamefully looked away. Tragically, the ANC has chosen the latter.”
This silence is even more damning in light of last week’s news that South Africa’s military chief, Gen. Rudzani Maphwanya, met with Iranian Maj. Gen. Amir Hatami in Tehran to discuss deepening military and strategic ties, when Iran remains one of the world’s most notorious persecutors of Christians.
A recent report by the Middle East Africa Research Institute (MEARI) warned that Pretoria’s deepening ties with Tehran has compromised South Africa’s democratic foundations by defending Iran at the UN and IAEA, downplaying its human rights abuses, and potentially benefitting from covert support, including speculation around the ANC’s repayment of a multi-million-rand debt shortly after filing the ICJ case against Israel.
“These atrocities are not just crimes against individuals; they are part of a war against the freedom of religion itself,” Modise warns. “This is religious genocide, and it is gaining momentum as it edges closer to South Africa’s borders.”
Instead of defending religious freedom, the ANC government has remained silent. It has issued no meaningful condemnation or rallying call to protect persecuted Christians: “The ANC has done nothing to defend the rights of Christians,” says Modise. “Instead, it has squandered South Africa’s moral standing on discredited genocide charges against Israel – the one country in the Middle East where Christians live in safety and equality.”
This betrayal is even more unforgivable in a nation where 80% of South Africans identify as Christian. Freedom of religion is a fundamental human right, but the ANC, once the global champion of human rights, has made its bed with regimes and groups that have used Islamic law to suppress and destroy those freedoms.
“The ANC’s alliances make it clear: they have abandoned South Africa’s Christians, choosing friendship with the very forces driving this campaign of genocide,” Modise concludes. “Silence in the face of such evil is complicity, and the ANC is guilty of both. They have aligned themselves with Jihadist Islamic ideology, without further thought.”
We call on every pastor, every congregation, and every believer to demand that the ANC account for its indifference and betrayal. The blood of persecuted Christians cries out from across the African continent. If South Africa will not stand with them now, the day may come when their fate becomes our own.
News
Government Should Support Media with Tax Incentives, Relief on Import Duties – Soneye
….Media Sustainability: Soneye Advocates Tax Reliefs, Independent Fund for Journalism


Former Chief Corporate Communications Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Mr. Femi Soneye, has called on the Federal Government to support the Nigerian media with targeted incentives, including tax reliefs and import duty waivers on essential media tools.
Soneye made the appeal in Abuja on Tuesday after receiving the NUJ FCT Excellence in Corporate Communications Award, conferred on him by the Nigerian Union of Journalists (NUJ), FCT Council.
The NUJ leadership, led by Chairperson Grace Ike, alongside the Deputy Chair, Secretary-General, and other executives, described Soneye as a consummate professional who has distinguished himself with tact and excellence in the communications field.
In his remarks, Soneye noted that while the Nigerian media remains one of the most vibrant in Africa, it continues to grapple with systemic challenges that weaken its effectiveness.
“The Nigerian media remains one of the most vibrant in Africa, but it also faces systemic challenges, financial, political, legal, and technological that weaken its effectiveness. The government can play a supportive role by granting tax incentives or relief on import duties for newsprint, broadcast equipment, and digital infrastructure,” he said.
He also urged the Federal Government to establish an independent media development fund to support investigative journalism, community radio, and newsroom innovation, drawing parallels with models in South Africa, the United States, and Canada.
The award underscores Soneye’s long-standing contributions to journalism and corporate communications, as well as his advocacy for a stronger, independent, and sustainable Nigerian media.
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