News
Zulum flags off N10.8 billion township roads, drainages network construction in Maiduguri
Sadiq Abubakar Maiduguri
Governor Babagana Umara Zulum has on Thursday flagged off the construction and expansion of over 20 kilometer dual carriage way worth about N10.8 billion .
The projects which were contracted to Eighteenth Engineering Company (EEC) and Obtuse Tech Engineering Company Limited have duration period of 12 months to be completed.
N8.076 billion contract was awarded to EEC and N2.8 billion awarded to Obtuse Tech Engineering Construction Company limited respectively.
While flagging off the construction works, Governor Babagana Umara Zulum of Borno State said the projects were meant to provide succour to the residents of the areas and reduce hardships from tragic congestion always associated with the areas by Motorists following increase in population and high rate of vehicles and tricycles plying the roads.
The roads and drainages which are to be completed within a period of one year will also have two bridges and solar energy street lights as contained in the construction specifications and guidelines approved for the contracts.
The govenor added in an interview with journalists that the road projects are part of his government 10 point agenda and targeted at improving the socio economic conditions of the people by providing easy access within and around the areas while compensation has always been considered for those structures that may be affected, hence, Government does not intend to cause any hardship on anybody while providing dividends of democracy to the electorates.
Cutting the second tape to flag off the construction work at Baga road, Zulum said the ongoing construction of roads and drainages networks with fly over bridges were in line with his electioneering campaign promises made to the people of the state.
He however urged the contractors to ensure they carry out a good job as government will not compromise poor construction of any road project while calling on the management and staff of State Ministry of Works and Site Engineers to properly monitor and supervise the projects from the beginning of the projects to the completion stage.
Zulum said,” I am glad to unveil the dualization and construction of about N11 billion roads and drainage within Maiduguri metropolis.
“The projects were allocated to an International and Indigenous construction firms which are Eighteenth Engineering Company (EEC) and Obtuse Tech Engineering Company limited.
“The massive ongoing construction of roads, drainage networks with fly over bridges witnessed under the present administration were inl ine with my electioneering campaign promises i made to the people of the state.
“I therefore enjoin the contractors to ensure good job as government will not compromise poor execution of projects.” Zulum said.
The Permanent Secretary, Borno State Ministry of Works, Alhaji Lawan Goni conducted the govenro and his entourage roundthe locations if the works where constructions have already commenced at some sites, especially, the projects at Texaco junction Baga road to Jajeri area and Gwange bridge in Bulabulin area linking Gwange and Bama road junction by Cemetery area.
Lawan added that, “the first slot of the road projects is the 5.324km combined dualization with drainages and two bridges at Ahmadu Bello Way to link Bama road, Shehu Sanda Kura road at the cemetery junction linking the El kanemi Roundabout through to El kanemi Bridge, down to Lagos junction and Bolori Roundabout to Mogoram Junction down to Lafiya road which was awarded to EEC at the cost of about N8.076 billion.
“The second slot, is the 8.2km road construction, consists of Baga road market- Jajeri – Umarari- Bulabulin with another one linking Texaco- Churchkime – Abdu One road at the total cost of about N2.8 billion which was awarded to Obtuse Tech Engineering Company limited.”
Lawan recalled that, in September last year 2021, a tender/bid documents in respect to these projects were advertised in some national dailies, after which, companies were invited for the bid, adding that, EEC and Obtuse Tech Engineering Company won and considered to execute the projects.
“We commend the foresight of governor Babagana Zulum for approving these projects as these roads are very vital to the people of the state.
“I want to assure the government and the people.of the state that our Engineers from the Ministry will always be on sites to offer professional advice(s) as the need be to ensure good job.” The Permanent Secretary stated.
The flag off ceremony took place first at Post Office Round about for roads linking Bama road and Lagos Street through the El Kanemi road at the Monday market down to the Government House road while the second flag off took place at Texaco Filling Station Junction, Baga road down to Jajeri area
Responding, the Project Engineer of EEC, Mr. Li Chao Qi and Managing Director, Obtuse Tech Engineering and Construction Company, Engineer Umar Sheriff Lawan thanked Borno State Government for considering worthy to execute the road projects and assured that they will do everything possible to meet specifications and complete the work within the time frame.
The Education Ministry said it is in contact with security and education officials and is coordinating with admins and parents.
A plane carrying a group of 150 Israeli students on a trip to Poland made an intermediate landing in Antalya, Turkey, the Education Ministry said on Monday.
The landing was made following concerns about a technical malfunction, and for reasons of caution, a decision was made to stop in accordance with aviation rules.
N12 reported that a bird had entered the plane’s engine during the flight.
The high school student delegation – from Ein Kerem High School in Jerusalem – was en route to Poland on a standard school trip to learn about the events of the Holocaust. They were accompanied by security personnel from the Shin Bet, as is customary for any delegation to Poland.
The Education Ministry said that they are in continuous contact with security and education officials and are in coordination with school administrations and parents.
The Auschwitz-Birkenau concentration camp in Poland. September 19, 2021. (credit: NATI SHOHAT/FLASH90)
It was reported that all the students “are feeling well, staying in a safe and protected area within the airport, and are closely accompanied by the teaching staff who are with them at all times.”
In addition, the ministry was informed that a replacement plane is on its way to them, and it is estimated that at 3:00 p.m., they will take off for Krakow to continue their educational journey.
Holocaust learning
Israeli school trips to Poland typically take place in the winter and the summer, and, according to Education Minister Yoav Kisch, aim to allow “students to commemorate the victims of the Holocaust, to be exposed to the atrocities that took place, and to prove the victory and resurrection over the attempt to destroy the Jewish people.”
In November 2023, the ministry announced it would cancel the winter Poland trips due to the rise of antisemitism worldwide in the aftermath of the Israel-Hamas war.
…Declares a total dividend of N2.10 per share
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.
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.
By Sunday James
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.
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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