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Lockdown: Global Igbo Peace Initiative calls for equity in distribution of palliatives

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A non-governmental organization,  Global Igbo Peace Initiative (GiPi), has called for equity in the distribution of palliatives to the vulnerable Nigerians in the face of hardships occasioned by lockdown of the country. 
In a statement issued by Com. Arthur-Regis Odidika, and Humphrey Kanayo Akaolisa, National Chairman and Chairman/Founder respectively, said, there must be a paradigm shift in how palliatives are distributed in order to capture the right people. 
The NGO which has been working with international and local institutions in the last seven years,  lamented that there was no reliable data currently for use in the distribution of palliatives, fearing that,  if the exercise was not handled with caution,  there could be protests. 
They further admonished government to manage the coronavirus pandemic to avoid devastation. 
The statement which was made available to CAPITAL POST in Abuja on Tuesday reminded the government that Nigeria was still the world’s poorest country, saying that the failure of the past and current administration was further exposed by the current confusion of how palliatives are handled. 
The statement reads:
“With the low capacity or total absence of a healthcare system, the prediction is that the epicenter of the current world pandemic will be Nigeria. 
“One great social issue that borders everybody about Nigeria is the poverty level of which Nigeria is currently ranked as the nation with the world’s poorest population (World Global Clock 2018). 
“Another important setback which has truly exposed the failure of current and previous administrations or the entire Nigerian system is lack of data. 
“The current expose has shown why administrations are prone to endemic failures because there is no way you can administer a population without proper or near accurate statistics and demographics of that population. 
“The coronavirus pandemic situation’s demand for palliatives to the poorer population has opened the weakness of the National Bureau of Statistics (NBS) in statistical records and demographics. 
“It is against these backdrops, that GiPi is stepping up to make her own contributions towards solving an imminent catastrophe.At such points when the nation is confused, one would most expect the leaders to turn to the intellectual elite, the social scientists, philosophers on public affairs and theoreticians for pragmatic solutions. 
“Many notable Nigerians have spoken on the way and manner the palliatives are being effected and they are mostly concerned about accountability. 
“Some have solicited for the government providing the cost of materials to ensure transparent administration, but they all failed to point out the way to go. 
“This is the task where the government is at lost and totally lack creativity. It is not just about the approval of funds for the Government by the National Assembly, and bourgeoisies donating funds to the Government; the Presidential Taskforce has to tell the Nation how they intend to disburse or use these funds equitably. 
“Many voices have decried the equity in the distribution of palliatives which is one sided; regions are being marginalized. Lagos State Government has been criticized openly on the media by dissenting voices from the masses on the sizes, nature and manner of palliatives distributions. 
“So also the Minister for Humanitarian Affairs and Disaster Management was faulted on the proposal on using bank accounts but excluding accounts with more than 5,000.
“Indirectly, accusing fingers are being pointed on officials as being corrupt as they made claims on distribution of huge amounts of palliatives already in rural communities. 
“The NASS is accused of demanding for cuts.There are rising crimes already. If the right things are not done now, Nigeria may be up for the worst. 
“The news is already reporting violent protests in parts of the country. Broad day robberies are witnessed in every nook and cranny in Lagos now. 
“The fear is that the situation will worsen as the lockdown continues. It will be senseless to think of government receding the lockdown as index cases are still on the rise all over the country. 
“The onus lies on every concerned Nigeria to think of how to help the Government that seems to be devoid of ideas at the moment. That is why Global Igbo Peace Initiative is stepping up to propose the following mechanism for Direct Cash Transfer as palliatives to the government or whoever is concerned.
The NGO insisted that the agency of government saddled with the responsibility for sharing palliatives was getting it wrong, suggesting that the use of voters cards was the best option.
“First, the NBS has proved to be a failure in statistical data and demographics of the poor and vulnerable in Nigeria, it is therefore clear that what the Presidential Taskforce is doing through the Ministry of Humanitarian Affairs and Disaster Management is devoid of equity and is not reaching the main people who need the palliatives at this moment. 
“The states they selected for the palliatives shows that they have a very wrong demographic. 
“On the  ther hand, some States have planned to start distribution of palliative with the elderly; people above 70 years in the communities, but does this standard define the most vulnerable? 
“Do the parents of billionaires and wealthy men in the villages who must be surely over this age limits also count as vulnerable people? 
“Other people had proposed on the media that the government should access the population through the Biometric Verification Numbers (BVN). 
“That would be a very wrong paradigm because the palliatives should be for the most vulnerable in the society. 
“Making use of BVN statistics will put the palliatives mostly in the hands of people who don’t need it. The bulk of the people it is meant for are mainly without any bank accounts.On the contrary, GiPi will suggest the following paradigm:
“Everybody who is at least 18 by 2019 had ample opportunity to enroll with INEC and should own a voters card. Registration was also free of any charges so nobody has excuse not to own one. 
“Each voter’s card is exclusive with a biometric unique code and a VIN number. The use of voter’s card will ensure that palliatives get to every adult regardless if he is in a household or just a miscreant roaming the streets. 
“Use of voter’s cards will also be good lesson to anyone who had not participated in the civic duty of an electorate which all Nigerians has the right and duty to get involved. 
“It will compel whoever had not registered or participated in voting to do so in the future.
“The government should choose one or more banks with good national spread especially to the rural communities. 
“All banks in Nigeria are already networked internally. So it is easy to create a wallet portfolio within the bank to manage the payment of cash all over the Federation without duplication. 
“The wallet portfolio will be used for all payments on the network. People are allowed 247 to go to the bank with their card and receive payments in small amounts weekly or one-time with their voter’s cards. 
“The first registration could be tied to an account for those who have bank accounts so that they may not need to return to the bank weekly for payment. 
“The bank must record the unique code and VIN number of all individual payments into the system. This will automatically block a duplicate payment to the same person anywhere in the country. 
“The records will also serve as transparent accounting record system.
“Government workers who already receive monthly salaries consistently within this period will be banned from receiving the palliatives.
“Depending on what the government deems fit, a certain level of staff may be considered. Those exempted will be made to face disciplinary actions as hard as termination of contract or suspension if they dare present themselves to take palliatives. 
“The bank must store pictures and biometric records of palliatives receivers in the system. They must also match the picture with that on the voter’s card.
“Political office holders, elite and very wealthy people will not take the risk or humiliation of being capture in pictures receiving palliatives, the system will serve as a sieve for those levels of individuals. 
“This system will ensure that all adult Nigerians receive palliatives. It will also ensure that those who do not need it may not come forward to the bank to ask for payment.
“The system will ensure transparency and accountability which all Nigerians seem to be clamoring for at this moment and ensure that there is no social, ethnic or religious discrimination.
“Since there is no sight to the end of the lockdown yet, meaning that this process may go on for a long time, the bank could spread it in such a way that there will be no crowds in the bank. 
“The simultaneous payment in all the branches will also ensure diffusion in the whole process. There is nothing wrong with people queuing up in the bank in so far as they observe the required social distancing. 
“Millions of people who lost their jobs in America queued up to register for palliatives with their social security numbers before they could receive the money in their bank accounts. 
“Thousands of people in Nigeria still go out to the ATM for cash daily, observing social distancing.
“This exercise will help to keep people busy within this period of lockdown and miscreants will leave the streets and have less time for misdemeanor. 
“The Federal Government should concentrate on Direct Cash Transfer and leave distribution of food and items to the States and Local Governments who are at the grassroots and have better statistics on their people”, the statement concluded.

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FY 2024: Fidelity Bank records a 210.0% growth in PBT to N385.2bn

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…Declares a total dividend of N2.10 per share

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Lagos, Nigeria, March 29, 2025: Leading financial institution, Fidelity Bank Plc, released its 2024 full-year Audited Financial Statements, reporting a 210% growth in Profit Before Tax to N385.2 billion.

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According to the Bank’s results released on the Nigerian Exchange (NGX) on Friday, 28 March 2025, Gross Earnings increased by 87.7% to N1,043.4bn, driven by 106.9% growth in interest and similar income to N950.6bn. The increase in Interest Income was led by a combination of improved yield on earnings assets and 51.6% expansion in earnings base to N6.3tn. This led to a Profit After Tax of N278.1 billion, representing a 179.6% annual growth.

Commenting on the results, Dr. Nneka Onyeali-Ikpe,OON, Managing Director/Chief Executive Officer, Fidelity Bank Plc said, “We are delighted with our 2024 full-year (FY) performance, which showed strong growth across key revenue lines, improved asset quality, and significant traction in our strategic business segments. Our impressive results led to a triple-digit increase (210.0%) in Profit Before Tax (PBT), rising from N124.3bn in 2023 to N385.2bn in 2024.”

A further review of the financial performance revealed that the bank’s net interest income increased by 127.1% to N629.8 billion, driven by a high-yield environment in 2024. To optimize its margin, the bank sustained its asset yields above funding cost by maintaining a high low-cost deposit profile at 92.6%. This led to an increase in its Net Interest Margin from 8.1% in 2023 FY to 12.0%.

Similarly, the bank continued to deepen its market share in both the corporate and retail segments, with customer deposits increasing by 47.9% from N4.0trn in 2023FY to N5.9trn. The increase was driven by strong double-digit growth across all deposit types. The Retail Banking Business gained significant traction with savings deposits increasing by 28.8% to N1.1trn, marking the 10th consecutive year of double-digit annual growth in savings deposits.

Despite the difficult economic terrain in 2024, the bank has continued to support the real sector of the economy by increasing its Net Loans & Advances from N3.1tn in 2023FY to N4.4tn in 2024FY.

“This remarkable performance demonstrates our capacity to deliver superior returns to our shareholders. In line with our commitment to them, we have declared a final dividend of N1.25 per share, bringing our total dividend for the 2024 financial year to N2.10 per share”, explained Onyeali-Ikpe.

Having consistently paid dividends since 2006, Fidelity Bank will pay investors a total dividend of N2.10 per share for the 2024 financial year, subject to shareholders’ approval at its Annual General Meeting (AGM) on 29 April 2024. The dividend will be paid on 29 April 2025 to shareholders whose names appear on the register of members as of 15 April 2025.

It will be recalled that the bank successfully completed the first phase of its capital raising exercise through a Public Offer and Rights Issue in 2024, which were oversubscribed by 237.92% and 137.73%, respectively. The positive result is a testament to the strength of the Bank’s franchise in the capital market. A total of N175.9bn was recognized as fresh capital in 2024 financial year from the exercise, which had a positive impact on its Capital Adequacy Ratio (CAR) at 23.5%. The bank plans to conclude the second phase by Q3 2025, ahead of the Central Bank of Nigeria’s deadline, which will further strengthen its capital base and reaffirm its attainment of Tier 1 Bank status in the Nigerian Banking Industry.

Fidelity Bank Plc is a full-fledged commercial bank with over 9.1 million customers who are serviced across its 251 business offices and various digital banking channels in Nigeria and the United Kingdom.

The Bank is the recipient of multiple local and international Awards, including the 2024 Excellence in Digital Transformation & MSME Banking Award by BusinessDay Banks and Financial Institutions (BAFI) Awards; the 2024 Most Innovative Mobile Banking Application award for its Fidelity Mobile App by Global Business Outlook, and the 2024 Most Innovative Investment Banking Service Provider award by Global Brands Magazine.

Additionally, the Bank was recognized as the Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence and as the Export Financing Bank of the Year by the BusinessDay Banks and Financial Institutions (BAFI) Awards.

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Jungle Justice and the collapse of Law in Nigeria

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By Sunday James

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The gruesome killing of 16 innocent northern hunters in Uromi, Edo State, over false accusations of kidnapping is yet another damning indictment of the failure of law and order in Nigeria.

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Time and again, innocent lives have been lost to the mindless brutality of mob justice, a savage and inexcusable act that has become far too common across the country.

This is not an isolated incident. Nigeria has witnessed several tragic cases of jungle justice where angry mobs, fueled by misinformation and misplaced aggression, have taken the law into their own hands.

The Aluu Four incident in 2012, where four young university students in Rivers State were falsely accused of robbery, beaten, and burned to death in a horrific public spectacle, remains one of the most chilling examples.

In 2022, Deborah Samuel, a young student in Sokoto State, was lynched by fellow students over alleged blasphemy, an incident that sparked outrage but yielded little justice. In Lagos, several suspected petty thieves were set ablaze by mobs in broad daylight without any fair trial.

Across the country, from Anambra to Kano, Port Harcourt to Abuja, numerous cases of public executions by mobs continue to surface, often with little to no legal consequences for perpetrators.

The rise of mob justice is fueled by a cocktail of systemic failures that have left Nigerians disillusioned with formal justice mechanisms.

The breakdown of law and order, where the Nigerian police fail to deliver swift and transparent justice, has led to public distrust, encouraging citizens to take matters into their own hands. Rising insecurity, including the surge in kidnappings, banditry, and violent crimes, has left many communities in perpetual fear, triggering knee-jerk reactions to perceived threats. Ethnic and religious tensions have also played a major role, with deep-seated biases making certain groups more vulnerable to targeted attacks.

The proliferation of unregulated local vigilante groups and security outfits has further emboldened extrajudicial actions against innocent civilians. Additionally, the slow pace of criminal trials and the failure to punish perpetrators of jungle justice have normalized impunity.The Edo killings, like many before them, must not be swept under the rug.

The government must ensure immediate arrest, prosecution, and conviction of all those involved in this heinous act. Strengthening law enforcement agencies to curb vigilante excesses and restore public trust is paramount.

There must be massive public enlightenment campaigns to educate citizens on legal redress rather than mob action. Strict penalties must be enforced against communities and groups involved in jungle justice to deter future occurrences.The Nigerian government must wake up to its responsibility of protecting lives and ensuring justice for all.

If mob justice continues unchecked, no one is truly safe. This latest atrocity in Edo should be the final warning: justice delayed is justice denied. The killers must be held accountable, and a nationwide crackdown on jungle justice must begin immediately. Enough is enough. The rule of law must prevail.

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Ganduje congratulates Muslim Ummah on the occasion of Eid-el-fitr

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APC National Chairman, Dr. Abdullahi Umar Ganduje

The National Chairman of the All Progressives Congress (APC), Dr. Abdullahi Umar Ganduje, has congratulated the Muslim Ummah across the country on the occasion of Eid-el-Fitr.

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The celebration marks the successful completion of the holy month of Ramadan.

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In a message signed by his Chief Press Secretary, Edwin Olofu, Ganduje rejoiced with Muslims for the spiritual renewal and discipline attained during the sacred month of fasting, prayer and devotion to Almighty Allah.

He urged the faithful to uphold the virtues of piety, selflessness, and compassion that Ramadan represents while also extending love and kindness to one another, especially to the less privileged in society.

The APC National Chairman further called on Muslims and all citizens to remain steadfast in promoting unity, peace, and national progress in the country.

He emphasized that the lessons of Ramadan—patience, sacrifice, and perseverance—are essential in fostering harmony and strengthening the nation’s democratic institutions.

The two-term Kano State Governor also urged the Muslim Ummah and Nigerians to pray for President Bola Ahmed Tinubu to succeed in his efforts to lift the country from economic doldrums and resolve lingering security challenges.

He assured Nigerians of the APC-led government’s commitment to improving the welfare and well-being of all citizens, noting that Nigerians will not regret voting for President Tinubu after his first tenure.

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