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Firstbank Clinches The Prestigious Corporate Bank Award At The 2023 Euromoney Awards For Excellence

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FirstBank, Nigeria’s premier financial institution and financial inclusion services provider, was announced as the Best Corporate Bank at the recent prestigious Euromoney Awards for Excellence, Nigeria 2023.

The Bank clinched the coveted award based on its 130-year commitment to enabling its corporate customers achieve success through relevant and tailored financial solutions. FirstBank’s continuous investment in technology has been crucial to its leading industry role in optimally meeting the needs of its corporate customers. Recent investments in technology include the development of its smart and interactive Transaction Banking Platform known as FirstDirect2.0.

FirstDirect2.0 provides a one-stop shop online banking platform for corporates, offering best-in-class capabilities such as Payments, Collections, and Account Services, and a locally focused phased implementation of Trade and Supply Chain Finance, a first for the Bank.

The platform offers customers various solutions for corporate cash management (Payments, Collections and Liquidity Management). It will also deliver end-to-end trade solutions for corporate clients covering L/C creation, tracking, bidding and reconciliations.

The Bank’s Corporate Banking model is focused on ensuring that its clients get the same quality of service across the Bank’s geographical locations. The execution of this approach through the deployment of the Global Account Management (GAM) Framework, implemented to enhance cross-relationship management tailored to Customers with a Pan African footprint.

Dedicating the awards to its customers, Dr Adesola Adeduntan, CEO FirstBank Group said: “We are thrilled to announce that we have been recognised as the Best Corporate Bank in Nigeria at the Euromoney Awards for Excellence 2023.

“We say a heartfelt thank you to all our incredible customers for trusting us. This award is dedicated to YOU,” he concluded.

According to Euromoney, the “Awards for Excellence” – is the definitive annual awards programme of the global banking industry. The awards represent the highest distinction to the banks and bankers who matter most in an industry where differentiation is highly sought after and exceptionally difficult to demonstrate.”

“For over 30 years, Euromoney has recognised the banks and that have demonstrated their differentiation, pioneering a comprehensive awards programme that today remains the industry benchmark globally, it concluded.”

Amongst other awards, FirstBank recently added to its awards kitty, Best Corporate Bank Western Africa, 2023, by Global Banking and Finance; Best Internet Banking in Nigeria, 2023 by International Business Awards; the Most Innovative Banking Brand in Nigeria by Global Brands Awards as well as the Financial Institution of the Year 2023 by Afreximbank Pan-African Business and Development.

About FirstBank

First Bank of Nigeria Limited (FirstBank) is the premier Bank in West Africa and the leading financial inclusion services provider in Nigeria for 130 years.

With over 800 business locations and over 232,000 Banking Agents spread across 99% of the 774 Local Government Areas in Nigeria, FirstBank provides a comprehensive range of retail and Corporate financial services to serve its over 42 million Customers. The Bank has an international presence with subsidiaries operating in 9 other countries. These subsidiaries are FirstBank (UK) Limited in London and Paris, FirstBank in the Democratic Republic of Congo, Guinea, Sierra Leone, The Gambia; FBNBank in Ghana and Senegal as well as a Representative Office in Beijing, China. The Bank is at the forefront of promoting digital banking in the country and has issued over 13 million cards, the first bank to achieve such a milestone.

FirstBank has continued to make significant investments in technology, innovation and transformation, and its cashless transaction drive has been steadily accentuated with over 23 million active FirstBank customers signed up on digital channels including the USSD Quick Banking service through the nationally renowned *894# Banking code.

FirstBank’s commitment to Diversity is shown in its policies, partnerships and initiatives, such as its employees’ ratio of female to male (39%:61%); and 32% women in management), as well as the FirstBank Women Network, an initiative that seeks to address the gender gap and increase the participation of women at all levels within the organization.

In addition, the Bank’s membership of the UN Women is an affirmation of a deliberate policy that is consistent with UN Women’s Women Empowerment’s Principles – Equal Opportunity, Inclusion, and Nondiscrimination.

Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, optimised risk management and leadership. Over the years, the Bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the Federal Government’s privatisation and commercialisation schemes. With its global reach, FirstBank provides prospective investors Investors wishing to explore the vast business opportunities available in Nigeria an internationally competitive world-class brand and a credible financial partner.

For six consecutive years (2011 – 2016), FirstBank was named “Most Valuable Bank Brand in Nigeria” by the globally renowned The Banker Magazine of the Financial Times Group and “Best Retail Bank in Nigeria” eight times in a row, 2011 – 2018, by the Asian Banker International Excellence in Retail Financial Services Awards.

Notably, in 2022, the Bank took a long stride on its growth trajectory with the Bank’s Viability and Long-Term Issuer Default Ratings upgraded to ‘B’ from ‘B-‘ (with Outlooks Stable) by Fitch, a leading global rating agency. This is an indication of the Bank’s strong internal capital generation and the corresponding recession of its risks to capitalisation. Fitch also upgraded the Bank’s National Long-Term Ratings to ‘A (nga)’ from ‘BBB (nga)’, to reflect its improved creditworthiness relative to that of other issuers in Nigeria. Furthermore, the Top 100 African Bank Rankings 2022 released by The Banker Magazine revealed FirstBank’s ranking as number one in Nigeria in terms of Overall Performance, Profitability, Efficiency and Return on Risk.

Other laudable feats in 2022 include FirstBank’s international recognition on major indices by Euromoney Market Leaders, an independent global assessment of the leading financial service providers where FirstBank was crowned:

Market Leader: (tier-1 recognition) in Corporate and Social Responsibility (CSR),

Market Leader: (tier -1 recognition) Environmental, Social and Governance (ESG),

Highly Regarded: in Corporate Banking and Digital Solutions,

Notable: in SME Banking.

Also, in 2022 International Finance Magazine named the Bank “Most Innovative Banking Product in Nigeria” and “Best Retail Bank in Nigeria”. FirstBank was also awarded “Best Corporate Banking Western Africa, 2022” and “Best CSR Bank Western Africa, 2022’’ by Global Banking and Finance Magazine. Other notable awards in FirstBank coffers include: “Best Bank in Nigeria” by Global Finance Magazine – fifteen times in a row; “Best Private Bank in Nigeria-2021” awarded by Global Finance magazine; “Best Internet Banking Nigeria” and ‘’Best CSR Bank Africa’’ by International Business Magazine.

In 2023, FirstBank received notable awards including “Best Private Bank for Sustainable Investing in Africa 2023” by Global Finance Awards; “Best Sustainable Bank in Nigeria 2023” by International Investors Awards; “Best Bespoke Banking Services in Nigeria 2023” by International Investors Awards; “Best Financial Inclusion Service Provider in Nigeria 2023” by Digital Banker Africa; and “African Bank of the Year” by African Leadership Magazine.

Our vision is ‘To be Africa’s Bank of first choice’ and our mission is ‘To remain true to our name by providing the best financial services possible’. This commitment is anchored on our core values of EPIC – Entrepreneurship, Professionalism, Innovation and Customer-Centricity. Our strategic ambition is ‘To deliver accelerated growth in profitability through customer-led innovation and disciplined execution’ and our brand promise is always to deliver the ultimate “gold standard” of value and excellence to position You First in every respect.

BIG STORY

‘Obi Of Lagos’ Apologizes To Oba Of Lagos, Government — Says Printer Erred In Title, Vows To Join APC To ‘Move Lagos Forward”

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The self-acclaimed “Obi of Lagos”, Mr. Chibuike Azubuike, who was arrested by police operatives in Lagos in September over an alleged fraud scheme, has publicly apologised to the Lagos State Government and the Oba of Lagos.

Azubuike, who had announced plans to hold a New Yam Festival in Lagos last month, became the subject of public criticism after his proposal was viewed as an attempt to introduce Igbo traditional culture in a state deeply rooted in Yoruba heritage and customs.

The proposed festival, which was scheduled for September 13, 2025, at the Amuwo Odofin area of the state, sparked outrage from several quarters, including traditional institutions, cultural advocates, and segments of the public who accused him of disrespecting the established cultural order of Lagos.

In what appears to be an effort to clear the air and mend relations, Azubuike issued a formal public apology published in a national daily, where he expressed remorse for his earlier actions and promised to act in accordance with the law and respect for the host community going forward.

“I, Mr Chibuike Azubuike, hereby tender this unreserved apology to the Oba of Lagos, Federal Government of Nigeria, the government, and the good people of Lagos State over my unguided proposal to hold the New Yam Festival, which was scheduled to take place on Saturday, the 13th of September 2025, at Amuwo Odofin area of Lagos State,” he stated.

Azubuike, who was referred to as “Obi of Lagos” in the event material, clarified that the controversial title was not self-assigned, insisting that it was an error made during the printing of the publicity documents.

“The caption therein as ‘OBI OF LAGOS’ was a typographical error from the print man,” he explained.

He maintained that his decision to cancel the festival was entirely voluntary, dismissing suggestions that he had been pressured or coerced by the government or traditional authorities. According to him, his choice was a matter of personal conviction, and he insisted there was no political agenda behind it.

“Contrary to insinuations that it is politically motivated, I’m not a politician, and even if I have the intention of joining any political party in the near future, I should join the ruling All Progressives Congress to ensure the state moves forward,” Azubuike added.

The businessman concluded by reiterating his respect for the Oba of Lagos and the cultural traditions of the state, saying the misunderstanding had offered him a valuable lesson about the importance of cultural sensitivity and respect for established authorities.

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BIG STORY

“ENOUGH IS ENOUGH: Sujimoto To Petition and Sue Over $556K Fraud Smear — ‘Delay Is Not Deceit.”

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“There is no fraud, nor any falsehood. What exists is a delay and nothing more. Yet from this delay, some have chosen to fabricate lies, weaponize rumors, and maliciously mislead the public. Let it be clear: those responsible for instigating and spreading these defamatory claims will be held fully accountable, legally, morally, and shall pay for every damage they have caused.”

When an entrepreneur dares to build what has never been done before, he must first make peace with the storms that come to test his conviction. But to mistake delay for deceit is not only false — it is dangerous to truth itself. For twelve unbroken years, Sujimoto has chosen the harder path: rejecting shortcuts, defying cynicism, and building brick by brick through sleepless nights, sacrifice, and an unyielding faith that Africa deserves architecture that inspires.

The Leonardo by Sujimoto remains one of the continent’s most daring and technically sophisticated luxury developments. Ambition that vast cannot be rushed; its clock is governed not only by concrete and cranes, but by bureaucracy, tedious approvals, and an economy that shifts and strains with every policy change. No one was duped. No one was misled. Our client acted in good faith, approvals were secured last year, and though the project slowed, it was never denied, abandoned, or defrauded.

Unfortunately, some of our most honest and hard-working customers have requested refunds. Some have been patient, others aggressive — and we have honored them all.

We have never compromised. We have faced countless challenges, yet our commitment to integrity remains absolute. Beyond fulfilling contracts, we have helped our customers maximize profits through off-take agreements. Take Giuliano, for example: the first buyer purchased at ₦285 million. Today, less than six years later, the project is worth ₦2.5 billion. Rent now commands ₦100 million, fully booked and fully sold out.

When cement skyrocketed from ₦2,000 to ₦10,000, who absorbs the cost? We do. The buyer does not want to hear this, yet it is reality. During construction, steel surged from ₦500,000 to ₦1.3 million and we did not compromise.

A single 40-foot container cost ₦4 million and later ₦24 million. Still, we refused shortcuts. Every brick, every beam, every detail has been delivered with integrity, despite the market’s relentless squeeze.

Every investor has been engaged directly, and those requesting refunds are being settled through a transparent, structured, and verifiable process. Meanwhile, the Lucrezia — once slowed by the same economic headwinds that rattled an entire industry — now stands on the brink of completion, set for delivery in December 2025, with every fully paid homeowner poised to receive their keys.

It is deeply concerning that public institutions are now being misused to settle civil disputes and punish enterprises. What should have remained a private contractual matter has been paraded as crime, turning law enforcement into debt collectors. Sujimoto is pursuing firm legal redress against those behind these malicious falsehoods, and those responsible shall pay for the damages they have caused.

Sujimoto is not merely a company; it is a creed — a fellowship of architects, artisans, and engineers bound by a shared pursuit of excellence. We have empowered thousands, paid over ₦7 billion in wages in the past 12 years, and built monuments that speak where falsehood falls silent.

In a nation where haste is mistaken for progress and ambition for arrogance, it has become easy to weaponize delay. Yet progress, like justice, is slow only to those who lack patience. Our only “crime” is daring to dream beyond the comfort zone of ordinary builders — and for that, we shall never apologise.

Some may not like Sujimoto — his relentless ambition, his boldness, his refusal to follow the ordinary. Some may call him loud, too forward, even audacious. Yet no one can deny his work. His projects speak for themselves — unmatched in vision, execution, and impact. To question the man is human; to question the monument he builds is impossible.

Sujimoto does not build for applause. We build for permanence. And when The Leonardo finally rises — not if, but when — it will stand as a monument to truth: proof that audacious vision outlives the noise, and that gold is forged only through fire.

Dr. Sijibomi Ogundele is the Group Managing Director of Sujimoto Holdings, the Czar of Luxury RealEstate Development, and the mastermind developer behind the renowned Giuliano. Our other audacious projects, such as the most sophisticated building in Banana Island, LucreziaBySujimoto, the grandiose Sujimoto Twin Tower, the tallest twin towers in Africa; the regal Queen Amina by Sujimoto, a monument to royal affluence; the magnificent high-rise LeonardoBySujimoto; the Sujimoto Farm; an advanced farm estate system that incorporates housing, farm hospitals, hotels, and markets within an ecosystem, creating opportunities for agro-tourism and affordable housing., among other projects that have etched an indelible imprint on Nigeria’s skylines, a testament to Sujimoto’s unrivalled mastery of modern-day engineering.

 

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Don’t Turn Coup Allegations Into Tool For Repression — ADC Warns FG

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The African Democratic Congress (ADC) has cautioned the federal government against using the alleged coup plot as a pretext to target opposition figures or silence dissenting voices.

In a statement issued on Monday, the party’s national publicity secretary, Bolaji Abdullahi, said while the ADC strongly condemns any attempt to undermine Nigeria’s democratic order, the government must not exploit the situation to instil fear or gain political advantage under the guise of protecting national security.

“The ADC has been following reports of an alleged coup plot involving some arrested military officers and claims that a former southern governor is under investigation for allegedly funding them,” the statement said.

Abdullahi warned that, although the ADC opposes actions capable of threatening Nigeria’s constitutional order, it remains concerned about the potential use of such allegations to justify political witch-hunts, suppress dissent, or manipulate public opinion.

He expressed concern over conflicting statements from government officials, noting that the defence headquarters’ denial of knowledge of any coup plot had raised doubts about the credibility of the reports.

According to him, the government’s silence on the issue has allowed the rumour to spread unchecked, fuelling suspicions that the entire narrative may be politically motivated.

“What appears clear is that the government is using the coup narrative to divert attention from widespread misgovernance and to curry public sympathy,” he said.

Abdullahi added that reports linking unnamed politicians to the alleged plot could be exploited to justify clampdowns or surveillance on opposition figures.

He cautioned that the ruling All Progressives Congress (APC) must not allow its “desperation” to hold on to power to endanger democracy or citizens’ rights.

“The government has a duty to clarify the true nature of the alleged coup and address the nation transparently if any threat truly exists,” he said. “It must desist from weaponising national security to silence political opposition.”

The ADC reaffirmed its commitment to defending Nigeria’s democracy, saying it would support any legitimate measures aimed at protecting the constitution while rejecting all forms of dictatorship, whether military or civilian.

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