Category: News

  • Fidelity Bank Celebrates Air Peace’s Milestones

    Fidelity Bank Celebrates Air Peace’s Milestones

    …London Service: You Can Fly From Any Domestic Route- Onyema

    Fidelity Bank Plc last weekend celebrated Air Peace for its milestone of commencing scheduled flight operations into London, United Kingdom.

    The special event, organised by the bank at Civic Center on Sunday, April 21, 2024, was graced by stakeholders in aviation, media personalities and well-wishers of both brands.

    Onyeali-Ikpe Commends Air Peace
    In her remarks, the Managing Director, Fidelity Bank, Dr Nneka Onyeali-Ikpe, commended Air Peace’s giant strides and financial discipline which it has upheld since inception.

    She added: “Air Peace has been very loyal to us. We are grateful to have them as our client and we are celebrating their milestone of launching direct flight service to London and other milestones they will achieve”.

    The Chairman, Air Peace, Dr Allen Onyema, who noted that it was not rosy for the airline to attain its current status, expressed gratitude to the flying public, the various aviation stakeholders, the media and the government for the continued support since it launched in 2014.

    He emphatically acknowledged the pivotal role played by former DG, Nigerian Civil Aviation Authority, Engineer Ben Adeyileka, in helping the airline secure its Airline Operator Certificate, AOC.

    Onyema Appreciates Fidelity Bank
    The Air Peace boss thanked Fidelity Bank for the consistent support and stressed that the bank had contributed to the success story of the airline.

    “I call it our journey with Fidelity Bank. I did not envisage this day would come when an indigenous institution would be celebrating another indigenous institution. Fidelity supports real business. They keep removing people from the streets of poverty. Let other banks emulate Fidelity”, he added.

    Air Peace, Job Creation & CSR
    The aviation maestro emphasised that Air Peace was set up primarily to create employment, not to profiteer. According to him, the motivation behind the business was to empower Nigerians economically.

    “Air Peace was not borne out of the intent to profiteer but to create jobs. Air Peace was not established because I wanted more money but because of the conviction that running an airline would create massive job opportunities. That was why we went into aviation”, he remarked.

    Highlighting how the airline nevers fails to engage in humanitarian interventions for Nigerians, especially the numerous evacuation flights at critical times, the aviation leader asserted that Air Peace truly cares about the Nigerian project and supporting the airline means supporting the growth of the Nigerian economy.

    London Service: We Need Your Support- Onyema
    Onyema said the airline needs the support of Nigerians to sustain the newly launched London service.

    “For every penny you pay to Air Peace, you pay to sustain the jobs of thousands of Nigerians and support economic growth.

    “Air Peace flies you from any of our domestic routes to London. So, you can fly from Yola to London via Lagos. From the local airport, you are taken to the international airport free of charge with a seamless luggage transfer”, Onyema affirmed.

    Pledging that the airline will continue to fully adhere to the standard of safety, he lauded the Management and staff of Air Peace for the efforts in realising the London dream.

    Shun Ethnic Nationalism
    “Let’s shun ethnic nationalism and spread love and broad nationalism. Air Peace is not an Igbo airline. It is a Nigerian airline that belongs to two hundred million people”, Onyema stated.

  • NN Hosts Successful Inaugural Quarterly Road March To Promote Fitness, Civil Harmony

    NN Hosts Successful Inaugural Quarterly Road March To Promote Fitness, Civil Harmony


    The Western Naval Command, under the leadership of Flag Officer Rear Admiral Mohammed Hassan, conducted its first Quarterly Road March on Saturday, marking a significant event aimed at underscoring the importance of physical fitness within the Navy and fostering community relations.

    The event, which witnessed an impressive turnout, is part of a broader initiative by the Nigerian Navy to maintain high fitness standards among its personnel.

    “We conduct sports activities daily, with special emphasis on Wednesdays, but this quarterly march brings everyone together to highlight the critical role of physical readiness,” said Rear Admiral Hassan.

    According to Rear Admiral Hassan, the routine exercises are crucial not just for physical conditioning but also for operational effectiveness. “The importance of fitness cannot be over-emphasized, as it enables our men to perform optimally in their respective operational areas,” he noted.

    In addition to enhancing military readiness, the march serves to strengthen the bonds between naval personnel and the civilian community.

    Rear Admiral Hassan emphasized the Navy’s commitment to maintaining a harmonious relationship with civilians, reflecting on their primary role in ensuring the happiness and safety of the public.

    The Quarterly Road March is set to be a regular feature in the Navy’s calendar, with hopes it will continue to promote health, teamwork, and mutual respect between the sailors and the communities they protect.

  • NN Officer Rear Admiral CE Okafor (RTD) Receives British Alexander Dalrymple Award

    NN Officer Rear Admiral CE Okafor (RTD) Receives British Alexander Dalrymple Award

    In a remarkable achievement, Rear Admiral CE Okafor (rtd) of the Nigerian Navy has been awarded the prestigious Alexander Dalrymple Award for 2023. This esteemed accolade, initiated by the UK Government in 2006, celebrates individuals who have made significant contributions to the advancement of hydrography, cartography, and navigational safety.

    Rear Admiral CE Okafor (rtd) was selected by the UK Hydrographic Office’s Committee for his outstanding dedication to enhancing Nigeria’s national hydrographic capacity. His efforts led Nigeria to become the first country in West Africa to produce indigenous international navigational charts in both paper and electronic formats. Additionally, he played a pivotal role in establishing a national hydrographic survey fleet equipped with full charting capability.

    The award ceremony took place on Tuesday, April 16, 2024, in London, England, where Rear Admiral CE Okafor (rtd) was honored for his remarkable achievements. The Chief of the Naval Staff, Vice Admiral EI Ogalla, along with all the Officers and men of the Nigerian Navy, extend heartfelt congratulations to Rear Admiral CE Okafor (rtd). His exceptional contributions have not only elevated Nigeria’s hydrography capacity but have also left a lasting impact globally.

  • Customs: Comptroller Shuaibu Takes Over FOU Zone ‘B’ As Controller

    Customs: Comptroller Shuaibu Takes Over FOU Zone ‘B’ As Controller

    In a significant transition ceremony held at the Unit’s Headquarters in Kaduna yesterday, April 17, 2024, Comptroller Dalha Wada Chedi officially handed over the mantle of leadership of the Federal Operations Unit Zone ‘B’ Kaduna to Comptroller Ahmadu Bello Shuaibu.

    Expressing gratitude for the opportunity to serve as the Comptroller of the Unit, Comptroller Wada thanked the Comptroller-General of Customs, Bashir Adewale MFR, for his support and acknowledged the dedication and unwavering support of the Officers and Men of the Unit throughout his tenure.

    Addressing the officers and men of the unit, Comptroller Wada urged them to extend the same level of support and dedication to Comptroller Shuaibu, emphasizing the importance of teamwork and collective effort in achieving success.

    In his remarks, the new Comptroller, Ahmadu Bello Shuaibu, attributed his assignment to the Unit to the Almighty Allah and expressed gratitude to the CGC and his management team for their support. He commended his predecessor for his achievements and solicited the cooperation of all security agencies and the press in fulfilling the mandate of the Nigeria Customs Service.

    Comptroller Shuaibu emphasized the importance of professionalism, discipline, and focus among the officers and men of the unit in the discharge of their duties, highlighting the critical role they play in revenue generation, anti-smuggling efforts, trade facilitation, and national security.

    The transition ceremony drew support from various stakeholders, including the Chief of Staff to the Governor of Kaduna State, the Commandant of the Nigeria Police College, Kaduna, and the Sector Commander of the Federal Road Safety Corps, among others. They commended Comptroller Wada for his dedication to duty and expressed well wishes for his future endeavors.

    Speaking on behalf of the stakeholders, the Zonal Manager of the News Agency of Nigeria (NAN) expressed confidence in the leadership transition and reiterated the unit’s commitment to safeguarding national interests and fostering collaboration for a brighter future.

    Comptroller Ahmadu Bello Shuaibu, the immediate past Area Controller of Ogun 1 Area Command, Idi-Iroko, assumes his new role, while Comptroller CD Wada has been redeployed to the NCS Headquarters, Abuja, as the Comptroller Enforcement.

  • Customs Comptroller General Collaborates With Voice of Nigeria To Boost Public Awareness

    Customs Comptroller General Collaborates With Voice of Nigeria To Boost Public Awareness

    In a bid to bolster public awareness and enhance communication with citizens, the Comptroller-General of Customs (CGC), Bashir Adewale Adeniyi, embarked on a significant visit to the Voice of Nigeria (VON) Corporate Headquarters on Wednesday, April 17, 2024.

    The rendezvous saw a warm reception extended to the CGC by the Director General of Voice of Nigeria, Malam Jibrin Baba Ndache, who lauded Adeniyi’s notable achievements. Expressing gratitude for the CGC’s continuous and immense support, Ndache commended Adeniyi’s outreach to stakeholders and partnerships with various media organizations.

    Acknowledging Adeniyi’s distinguished career, Ndache praised his integrity and leadership qualities, hailing him as an astute Public Relations expert with extensive experience.

    In response, Adeniyi emphasized the importance of open governance and aligned his commitment with the administration’s goals under President Bola Ahmed Tinubu, focusing on economic recovery, political stability, and national security.

    Recognizing VON’s pivotal role in disseminating government policies, Adeniyi pledged the Nigeria Customs Service’s unwavering support for VON in raising public awareness.

    Furthermore, Adeniyi highlighted the recent inauguration of the National Single Window project steering committee and underscored the significance of collaboration and partnership among major agencies.

    In closing, Adeniyi expressed his enthusiasm for collaboration with VON, particularly in utilizing its platforms to reach border communities and ensure they are well-informed about NCS policies and activities.

    The visit signifies a promising partnership aimed at fostering transparency, enhancing public awareness, and promoting mutual cooperation between the Nigeria Customs Service and the Voice of Nigeria.

  • Navy Combats Rising Stowaway Incidents in Lagos Waters

    Navy Combats Rising Stowaway Incidents in Lagos Waters

    The Nigerian Navy has reported a significant increase in stowaway cases within Nigerian territorial waters, citing concerns over the growing trend. According to the Nigerian Navy, from August 2023 to April 2024, approximately 75 stowaways were apprehended in various operations aimed at curbing this perilous activity.

    Under the directive of the Chief of the Naval Staff, Vice Admiral Emmanuel Ogalla, the Navy has enhanced its Maritime Domain Awareness (MDA) capabilities. This includes deploying advanced equipment that enables Quick Response Teams (QRT) to efficiently monitor and address security threats in Nigeria’s waters.

    The details released by the Navy indicate a persistent problem, with incidents recorded across multiple vessels. For instance, the MSC Martha and the MT UOG Constantine encountered stowaways in August 2023 and December 2023, respectively, with the latter finding 14 individuals hidden within the vessel.

    All individuals apprehended were found in critical hiding spots like rudder compartments, posing severe risks to their health due to harsh conditions, lack of sustenance, and potential injuries. Following their recovery, the stowaways were handed over to the Nigeria Immigration Service (NIS) for further processing and legal action.

    The Nigerian Navy has issued a stern warning against the dangers of stowaway attempts, which include not only legal repercussions but also significant health risks, and possibly death. The Navy’s ongoing efforts to tackle this issue reflect a broader commitment to maintaining security and safety in Nigeria’s maritime territories.

    Commodore A Adams-Aliu, the Director of Information for the Navy, emphasized the need for public awareness and urged the media to help disseminate the risks associated with stowaway behaviors, especially to discourage the youth from such hazardous undertakings.

  • Customs Mourns Officer Killed In Katsina, Vows To Strengthen Border Security

    Customs Mourns Officer Killed In Katsina, Vows To Strengthen Border Security

    The Nigeria Customs Service (NCS) is in mourning following the tragic death of Customs Assistant II Auwal Haruna, who was killed during a violent clash at the Gamji Makaho checkpoint in the Dankama area of Katsina State on the morning of April 17, 2024.

    The confrontation erupted when Haruna and his team from the Katsina Area Command engaged over fifty vehicles suspected of illegally transporting goods across the border. The attempt to intercept the convoy led to a brutal assault by an enraged mob, resulting in Haruna’s death. He was subsequently laid to rest according to Islamic rites in his hometown of Kayawa, under the Dutsi Local Government Area.

    Comptroller General of Customs, Bashir Adewale Adeniyi, expressed profound grief over the incident and extended his deepest condolences to Haruna’s family. He strongly condemned the violent act and promised a thorough investigation to bring those responsible to justice.

    “This loss underscores the dangerous challenges our officers face daily while protecting our nation’s borders,” stated CGC Adeniyi. He reassured that the NCS is committed to the safety of its personnel and will continue its efforts to combat smuggling and other illegal activities threatening Nigeria’s security and economic stability.

    The NCS reaffirmed its unwavering commitment to maintaining the integrity of Nigeria’s borders and ensuring the security of the nation and its citizens.

  • Q1 2024: Comptroller Nnadi Makes Remarkable 139% Revenue Surplus

    Q1 2024: Comptroller Nnadi Makes Remarkable 139% Revenue Surplus

    The Customs Area Controller, Comptroller Dera A. Nnadi mni, has proudly announced a significant achievement in revenue generation for the first quarter of 2024, achieving a 139% surplus over the targeted figures. This success translates into an excess revenue of ₦177,079,358,035.36 compared to the same period in 2023.

    In a meeting held on April 15, 2024, Comptroller Nnadi credited the remarkable performance to the dedication and teamwork of the officers and men of the command. He emphasized the importance of maintaining high standards of service delivery for stakeholders and continuing to foster effective teamwork. The meeting also addressed challenges and laid out new strategies for meeting the revenue targets for April and the subsequent months, underlining the importance of treating stakeholders with respect while ensuring compliance.

    During Q1 2024, the command’s total revenue collection reached ₦303,937,547,265.47, a stark increase from the ₦126,858,189,231.31 recorded during the same period last year. The month-by-month breakdown shows consistent growth, with January seeing a 107.9% increase, February a 141.8% increase, and March a 163.9% increase in revenue compared to the respective months in 2023.

    The enforcement and anti-smuggling efforts have also been vigorous, with significant seizures made, including 57 packets of heroin and 3,612 packets of Colorado Indica, highlighting the command’s relentless pursuit to curtail illegal activities. These efforts complement the command’s strategy to minimize revenue loss and enhance operational efficiency.

    On the innovation front, the command has been proactive in hosting various stakeholder forums and advancing initiatives like the Time Release Study (TRS) to boost efficiency in customs operations. The establishment of new terminals at TCIP is set to further streamline operations and accommodate the growing demand.

    Furthermore, the command has seen a significant increase in export volumes and values, with exports like cocoa butter, cocoa beans, and cashew nuts showing substantial growth, enhancing the command’s contribution to the national economy.

    In conclusion, Comptroller Nnadi expressed gratitude towards the Comptroller General of Customs, BA Adeniyi MFR, and his management team for their support and leadership. Looking forward, the command remains committed to leveraging digitalization and modernization to drive further improvements in service and performance.

  • Ogun I Customs Command Celebrates Comptroller Shuaibu As He Hands Over to Ojo

    Ogun I Customs Command Celebrates Comptroller Shuaibu As He Hands Over to Ojo

    …Celebrating Remarkable Achievements

    Comptroller AB Shuaibu bids farewell to his tenure as Customs Area Controller of Ogun 1 Command, passing the baton to the incoming Controller James Folorunsho Ojo, amidst celebrations of significant accomplishments achieved under his leadership.

    The transition ceremony, marked by the recent redeployment of Area Controllers and Heads of Units/Formations by the Comptroller General of Customs, Bashir Adewale Adeniyi MFR dsm fnipr fniia psc(+), symbolized the seamless continuity of operations and the preservation of mission objectives within the Command.

    Addressing a distinguished gathering including the newly appointed Area Controller, Comptroller James Folorunsho Ojo, heads of security agencies, management team members, and critical stakeholders, Comptroller Shuaibu expressed gratitude to Almighty Allah for the opportunity to serve and to the Customs leadership for entrusting him with various responsibilities.

    Reflecting on his tenure, Comptroller Shuaibu highlighted significant achievements, including a notable increase in revenue generation, enhanced anti-smuggling efforts, and substantial contributions to the overall development of the Command. Under his stewardship, the Command also engaged in impactful Corporate Social Responsibility initiatives.

    Since assuming leadership on September 18, 2023, Comptroller AB Shuaibu has initiated significant transformations within the Ogun 1 Command in Idiroko, evidenced by a range of operational and community-focused improvements.

    Immediately upon taking office, the Command executed a major operation, seizing vehicles loaded with smuggled rice and substantial quantities of cannabis sativa. The success of this operation, based on credible intelligence, drew the praise of the Customs General Controller (CGC), who visited the state to highlight the achievement in a press conference.

    In an effort to streamline operations and enhance trade facilitation, Comptroller Shuaibu dramatically reduced the number of checkpoints from 32 to just five along the critical Idiroko-Owode corridor. This move has been complemented by a vigorous campaign against illegal activities by “campboys” along the same route.

    Infrastructure upgrades have also been a priority, with renovations to the administrative block and the replacement of furniture in the Comptroller’s office. Further, the command has seen the installation of a new power generator, benefiting both staff and stakeholders, and the restoration of power supply in both the senior and junior barracks.

    The welfare of the command’s personnel has also received attention with provisions for daily meals for officers on guard duty and light breakfasts at the command’s headquarters. Subsidies have been applied to meals at the Officers’ Mess, enhancing affordability for personnel.

    In line with corporate social responsibility, the Command has launched initiatives such as ‘Art for Economic Development’ and ‘Cloth a Child’, which distribute school uniforms and supplies to underprivileged children. Collaboration with local youth groups to combat smuggling and inter-border security meetings further highlight the Command’s proactive community engagement.

    The outgoing Area Controller attributed these successes to the unwavering support of the NCS Headquarters, the dedication of officers and men, and collaborative efforts with critical stakeholders. He urged continued commitment from officers to sustain the Command’s performance tempo under the incoming administration.

    Comptroller Shuaibu also appealed for steadfast support for his successor from critical stakeholders, acknowledging the impartiality of news coverage provided by the press throughout his tenure.

    Welcoming Comptroller James Folorunsho Ojo to the Command, Comptroller Shuaibu expressed confidence in his capabilities to lead with integrity, vision, and excellence, assuring him of the unwavering support of officers and men.

    In closing, Comptroller Shuaibu extended heartfelt appreciation to all officers and men of Ogun 1 Command, heads of security agencies, traditional institutions, community leaders, youths, and other stakeholders for their collaborative efforts and support during his tenure.

    The ceremony concluded with a sense of gratitude and anticipation for the Command’s continued success under new leadership, as Comptroller AB Shuaibu hands over the reins to Comptroller James Folorunsho Ojo.

  • Fidelity Bank Makes Remarkable Financial Growth In FY 2023, Declares Increased Dividend

    Fidelity Bank Makes Remarkable Financial Growth In FY 2023, Declares Increased Dividend

    Fidelity Bank Plc, one of Nigeria’s leading financial institutions, today unveiled its Audited Financial Statements for the year 2023, demonstrating an impressive 131.5% growth in Profit Before Tax, which soared to N124.26 billion from N53.7 billion in the previous year.

    The bank’s Profit After Tax also saw a substantial increase, rising by 112.9% to reach N99.45 billion. This significant financial uplift was primarily fueled by a 64.9% growth in Gross Earnings, which totaled N555.83 billion, and an 81.6% surge in Net Interest Income from N152.7 billion in 2022 to N277.37 billion in 2023.

    Dr. Nneka Onyeali-Ikpe, OON, MD/CEO of Fidelity Bank, expressed her satisfaction with the results: “Our exceptional performance in 2023 is a testament to our ability to provide superior returns to our shareholders amid challenging market conditions. The remarkable increase in our Profit Before Tax and a higher Return on Average Equity, which rose to 26.5% from 15.6%, underscore our financial strength and operational efficiency.”

    The bank’s financial health was further bolstered by an 8.1% increase in Net Interest Margin, driven by higher asset yields and a significant reduction in average funding costs, which decreased by 20 basis points to 4.4%. Additionally, Total Customer Deposits surpassed the N4 trillion mark, reflecting a 55.6% growth, underpinned by an 81.1% rise in low-cost funds.

    Fidelity Bank’s commitment to customer support and business empowerment was evident as Net Loans & Advances expanded by nearly N1 trillion to N3.1 trillion. The bank maintained robust Regulatory Ratios with a liquidity ratio of 45.3% and a capital adequacy ratio (CAR) of 16.2%, both well above regulatory requirements.

    Reflecting confidence in its financial health and commitment to shareholder returns, Fidelity Bank declared a final dividend of 60 kobo per share, culminating in a total dividend of 85 kobo per share for 2023, marking a 70% increase over the previous year.

    Fidelity Bank, with a network of over 251 business offices and more than 8.3 million customers, continues to receive accolades for its service and operational excellence, including several prestigious awards in 2023, reinforcing its position as a cornerstone of the Nigerian financial landscape.

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