₦airaland Forum

Commentor:
Wetin this one dey talk?

How much you collect?

Since when was it not relevant to know how one asking to manage the public purse and affairs manages his/her home?

Like Obasanjo sleeping with his daughter-in-law and you still voted him?
Like Tinubu's daughter who bought a house of $2.4 million at age 22?

alanto:
Igbos don't have as much millionaires and billionaires as Yorubas. Only Alakija a Yoruba woman is richer than the top 10 richest igbo of all time combined.

That is the fallacy they have made an average Nigerian to believe.
First of all Alakija is one person. It does not make sense if she has $1 trillion and everybody else in her community is poor.

Now, let me educate you:
Forbes cannot accurately cover all billionaires in Nigeria, as wealth in emerging economies can be difficult to track, and Forbes' lists are based on publicly available data and estimates, which may not capture private assets or undisclosed fortunes. While Forbes is a well-regarded publication for tracking wealth, their lists are not exhaustive, with only a few Nigerians appearing on their recent global and Africa-focused lists, indicating the potential for many wealthy individuals to be unrepresented.

Igbo billionaires do not appear on the Forbes list due to wealth being spread across many individuals, a cultural preference for low-profile wealth. Additionally, there is the lack of formal systems for tracking private assets, and investments in privately held businesses and offshore accounts that are hard for Forbes to verify, not necessarily a lack of wealth among the Igbo people.

Igbos know that the country hate them and they will continue to ensure that there wealth is difficult to track.

MufasaLion:
South West leads, others follow. I hope the governors of other regions could emulate their South West counterparts.

This has given you temporary emotional consolation.
Please note that it is not everybody in SW that is Yoruba.

Sonofwar:
Anything below the champions league in a continental competition for a top club is a failure

Absolute rubbish!

What is Jackson doing on the pitch, running up and down like a headless chicken?

stanluiz:
Why is James, colwill and tosin on the bench ?
What is wrong with maresca ? This is final for Christ sake ?

The man is a confused idiot.

baralatie:
Until Chelsea equalize

The team this foolish Coach selected cannot win this match. Butch of unserious players.

blacknp:
Yes o, make they Keep their weak votes, he won without the Losers in 2023, he will win again in 2027 without those Inconsequential people.

Just the way Obasanjo won in 1999 without Yoruba votes. South West is just so inconsequential.

5starMan:
Tinubu is paying the election riggers.
Inturn the riggers will pay the mini riggers
The mini riggers will share 5k to the hungry masses and Inec officials...boom he wins!!!

Rubbish!
He should pray that the North doesn't vote against him.

If the North chooses to align with SE and vote against him, election will be concluded by 2PM and Tinubu will be on his way to Lagos.

If you remove North West votes from Tinubu in 2023, he stood no chance. Yet Yorubas are everywhere insulting everybody as if Yoruba votes alone will make Tinubu president.

PDPdestroyer:
Does Tinubu really expect or need any votes from that area to win in 2027?
Their 90% votes couldn’t give victory to their own son, so what would their 5% votes do to Tinubu?

Tinubu does not need the North

He does not need SE and Igbos in SS

He only needs Yoruba votes to become president come 2027

Consequently, forget Peter Obi, forget Atiku Abubakar, forget Nasiru El-Rufai. They are inconsequential.

Bobodee09:
Blame obi for that.

He made it look like it was his own government project...he even had the sitting president come inaugurate it.


He invested anambra state money in a company his family have shares....trust me where you people call saner clime he would be jail for that.

And Tinubu is the president today, yet he cannot arrest Obi.
You went to school but you are not elightened.

Nifemy4:
Pdp is dead and wike is the undertaker dancing with its casket to the grave of oblivion.
wike, a member of PDP serving under Apc led administration, yet sworn to support Apc in the next election. he said so publicly, its not a sunday evening gossip.

while swearing allegiance to the opposition, he had the temerity to show up like a commando at the pdp gov. forum meeting ,barging in with a face of who dares stop me from coming in. same man ,after months of sabbatical break from the pdp still had the chutzpah to dictate to pdp where to zone its next presidential election to . in my whole 3 decade on earth sofar, i haven't seen a party's alter being publicly desecrated in this manner.

the funny thing is, he will still support the opposition even if they zone it to where he wants. just like parents leaving instructions for the kids before going on a journey .
and pdp is sleeping like a drunk dog . smiling foolishly at its guerrilla oppressor.

The question is: does PDP exist or Wike went to greet his friends?
Name one high profile opposition leader in that family meeting.

cucumbar:
But Carl is rich by all standards, even though he earns salary.

Even Dangote and otedola don’t make the same amount. One is richer than the other even if so slightly.

There are people that are entrepreneurs and have multiple streams of income that don’t make as much as some salary earners with all their incomes combined.

Riches/wealth/success is subjective.

The idea that salary doesn’t make you rich is false.

You are wise.
I have uncles who have been in business since I was born yet they can't afford a car.

Sharpsharp00123:
u Igbos ain't telling yourselves the truth, as it is now south south is already in bed with APC meaning in d south we already have a south west n south south alliance.

So as it goes now, 2031 politicking have just started. With the options before the north now and how PDP have been deserted many politicians in the north will prefer to support tinubu to finish his 8 years knowing fully well that he can't run for 3rd term.

The north will pick tinubu a million times over obi, that's sancrosanct

Now to 2031, any political savvy person will know it's d north that will take over so at this point a southerner will emerge as VP.

As it stands now, the south south will have to produce d VP of Tinubu wins.

Like seriously if u remove emotions from politics it's very easy to read

Okowa that could not win his state as VP candidate under PDP is the person you are celebrating?
Or Wike that had to rewrite results because despite the rigging and manipulation, Obi still won River State. Continue deceiving yourself.

richiemcgold:
When we talk about the South, the real deals are only the southwest and southsouth. Politically, Southeast is not really important in the grand scheme of things. No serious presidential candidate take a dot in a circle serious. They lack both the figures and the influence to make any candidate a president.

I wish we are in a saner clime where things really work and the votes really count, you would have known that apart from the North, no other tribe can influence votes than Igbos. South-South is 45% Igbos, that is why Wike had to rewrite the results because rigging and manipulation were not enough for him to secure victory. Okowa of Delta State was VP candidate under PDP, yet Obi won Delta State convincingly.

We are not talking about South East, the population of Igbos outside South East is more than two additional States. The political gladiators know this and have ensured that election never takes place.

Do you know the population of Igbos in Abuja?
Do you know the population of Igbos in Lagos?
Have you been to Kano?

Great spirits have always encountered violent opposition from mediocre minds. In order to ensure that Igbos never have a chance to dominate the affairs of Nigeria through meritocracy, every other tribes and regions United against them.

Do you want an Igbo man to become a president and given an equal opportunity to everybody regardless of tribe and religion?
Recruitment into key government agencies will be done by merit?
Appointment into key government agencies will be done by merit?
Key government projects will not be limited to North and South West?
Then in the long run, the power of natural selection will set in and Igbos will be ahead of everybody.

Despite all the injustices against Igbos, they are still pulling weight dominating every sector with the exception of politics, what now happens if everybody is given equal opportunity?

Ask your fathers why they hate the idea of Biafra. They know that if Igbos are allowed to go, in no distant time, Nigeria will look up to them for help. Imagine lagging behind of the people you once marginalised?

And if you think I am joking, just tell Tinubu to use his remaining two years to ensure Biafra is realised.

Helgreenluv:
But just last week some Fubara sympathist were making noise upandan that Fubara's portrait was still hanging in the government house. I laughed when I read some of their comments. No sole administrator in a state where state of emergency is declared will leave the suspended Governor's portrait and not replace it with his or her's.
Them go soon blame Emperor Wike for this. Oya watch and see. I go lie for you?

Just wondering how the political brouhaha in Rivers State benefits you.

I wanted to top up my Stanbic MMF account but I have to wait. The yield I am seeing is not encouraging.

Neurotika:
Hmmm, I feel stanbic is taking advantage of its market dominance because moving funds across MMFs is a hassle. Investors should be able to transfer funds directly between MMFs without first withdrawing to a bank account. The main hurdle is settlement, but a T+1/T+2 system or a central clearing mechanism could fix that. If SEC allows seamless transfers, competition will force fund managers to keep rates competitive. Meanwhile anyone with the rates of other MMFs (especially Bank Affiliated ones) should pls share.

You are right

Why is Stanbic IBTC MMF going down everyday?

It is at 20.72% now

galserv:
Southern votes and northern christian(North Central) votes are locked down for Tinubu.
Take that to the bank

You

Are you joking?
Which part of the south?
He allowed Wike to bring down Fubara and you think he will win Rivers State again? Which other places in the South can he win apart from South West?

The North Central has not forgotten that Tinubu denied them the opportunity to become Vice President. They are nowhere to be found in the political equation.

If the Northern political elites are against Tinubu, it is over for him. The INEC Chairman rigged the election in his favour because prominent northern politicians approved of it. Yakubu is another JEGA. Goodluck Jonathan trusted JEGA too much but he was disappointed.

Dicoomoba:
Ode this was how you led Infant Fubara to political Oblivion

And he is still the governor?
Tell your God, Tinubu to impeach him.
Thank you!

aieromon:
Contact the registrar for details of your allotment.



https://businessday.ng/companies/article/fidelity-bank-public-offer-subscribed-by-237-92/

https://www.fidelitybank.ng/investors-affirm-support-for-fidelity-bank-plc-with-238-oversubscription-in-the-first-phase-of-equity-capital-raise/

They didn't do as promised here. Just online deception.

aieromon:
Contact the registrar for details of your allotment.



https://businessday.ng/companies/article/fidelity-bank-public-offer-subscribed-by-237-92/

https://www.fidelitybank.ng/investors-affirm-support-for-fidelity-bank-plc-with-238-oversubscription-in-the-first-phase-of-equity-capital-raise/

The registrar has the email address off all investors. Why not communicate to them via mail?
You expect every investor to go to registrar's office?

You write him via mail and no response.

They were not this arrogant the time they were begging people to buy their share.

Fidelity Bank concluded it's share subscription in August, 2024.

Many Nigerians invested because it was looking promising.

Up till today, investors are yet to officially get their share allotment. No apologies, no updates, just nothing.

Fidelity Bank has held people's capital down for 6 months and the funny bank wants to advertise for another capital raise. Only fools will buy Fidelity Bank shares this time around.

The top management of Fidelity Bank need to go back to school and take a course on customer service.

themomentng:
A lot of mischief is going on in the banking sub-sector of Nigeria’s financial ecosystem since the Central Bank of Nigeria (CBN), on June 3, 2024, revoked the banking licence of Heritage Bank Plc.

The not-so-subtle campaign by some faceless groups to demarket an otherwise solid financial institution like the Fidelity Bank Plc., however, has not escaped the attention of discerning banking publics. But it is a mischief taken too far.

In revoking the banking licence of Heritage Bank, the CBN made it clear that its board and management have been unable to improve the bank’s financial performance, a situation which the country’s apex bank says constitutes a threat to the country’s financial stability.

A statement by Mrs. Hakama Sidi Ali, Ag. Director, Corporate Communications of the CBN, said it acted in accordance with its mandate to promote a sound financial system in Nigeria and in exercise of its powers under Section 12 of the Banks and Other Financial Act (BOFIA) 2020.

Many Nigerians, particularly those abreast of the goings on in the banking industry did not raise any eyebrows at the news of the revocation and subsequent appointment of the Nigeria Deposit Insurance Corporation (NDIC) as the liquidator.

But since then, mischief makers have been bandying the names of other banks – Fidelity Bank, Wema Bank, Polaris Bank and Unity Bank – that will go the Heritage way. To make their spurious claims seem real, they recirculated a circular issued by CBN on January 10, 2024, notifying the public about the dissolution of the Boards of Union, Keystone, and Polaris banks as though it was issued on June 10, 2024.

And even when the CBN, while insisting that the case of the now defunct Heritage Bank was an isolated one, stated unequivocally that allegations of further revocation of licences prior to the completion of the bank recapitalisation exercise were mere fabrications of those who didn’t wish the banking sector well, such insinuations have persisted.

But the question that continues to concentrate the minds of many Nigerians is: Why Fidelity Bank? Of course, the question is pertinent because even if the January 10 notification memo dissolving the boards of Union, Keystone and Polaris banks is taken to mean that the banks were in trouble, Fidelity Bank was not one of them.

It is, however, instructive that this mischief has become more strident in the last one week since Fidelity Bank signed the necessary documentation to raise about N127.1 billion from a public offer and rights issue to its existing shareholders to raise its capital base in line with the CBN’s fresh capitalisation directive.

The bank is eyeing N97.5 billion fresh funds from its public offer and N29.6 billion from its rights issue which offers existing shareholders one new ordinary share for every 10 ordinary shares held as of January 5, 2024, at N9.25 per share. For the Public Offer, 10,000,000,000 ordinary shares of 50 kobo each will be offered to the general investing public at N9.75 per share when the acceptance and application lists for the rights issue and public offer open on Thursday, June 20, 2024.

Speaking at the signing ceremony which held at the board room of the bank’s head office in Lagos on Wednesday, June 5, the Managing Director and Chief Executive Officer, Nneka Onyeali-Ikpe, disclosed that “the proceeds of the combined offer will be applied towards investment in IT infrastructure, business and regional expansion, and investment in product distribution channels.”

With an international operating licence from the CBN, Fidelity Bank is mandated to raise its capital base to N500 billion within the next two years and for a bank that is sure of its business fundamentals, it is not a surprise that it has effectively positioned itself at the forefront of achieving the revised minimum capital requirements for Nigerian commercial banks. No other bank is yet to embark on the process.

Could that be the reason for the campaign of calumny? If it is, then those on this demarketing campaign are tactless and dim. They would have known that the campaign died even before it took off.

But the dim-wittedness of the agents of doom beggars belief. If not, how could one envisage that one of the high-flying financial institutions in Nigeria could be at the verge of being liquidated? What explanation will even the CBN give for taking such a step because the truth remains that if Fidelity Bank is declared insolvent today, then no other bank is safe.

Why?

Since Fidelity Bank was incorporated in 1987 and began operations in 1988, it has not looked back. Though it started with a Merchant Banking license, it converted to a commercial bank in 1999 in a deliberate push to grow as a private limited liability company. Yet, not satisfied with playing the second fiddle, the bank transmuted into a Public Limited Company in August of the same year. Since then, it has grown from being a marginal player to one of the industry giants, securing its universal banking license in February 2001.

In 2005 during the Chukwuma Soludo-engineered consolidation exercise, Fidelity Bank acquired the then FSB International Bank Plc. and Manny Bank Plc. to become one of the top 10 Nigerian banks. Six years after the consolidation, the bank was ranked not only the seventh most capitalised bank in Nigeria but also the 25th on the African continent. In 2011, it obtained its international banking license and following its renewed retail and digital banking drive, was ranked the fourth best bank in Nigeria in the retail market segment in the 2017 KPMG Banking Industry Customer Satisfaction Survey (BICSS).

Today, Fidelity Bank has presence in all the states and major cities in Nigeria and continues to rank among one of the ten main banks in the country by tier-one capital of nearly $1 billion.

In a report on April 11, 2024 titled, “Fidelity Bank in 2024: A Peek Under the Banking Bonnet,” Proshare, a financial services information provider wrote: “In two decades, Fidelity Bank has sweated its assets to grow gross earnings to N337.05 billion in FY 2022, with an average annual growth rate of 30.3 per cent. The group has diversified its gross earnings, averaging 16 per cent from non-interest income and 84 per cent from interest income. The consistent rise in digital income and foreign exchange gains appears to have supported the continuous rise in the lender’s non-interest income, providing a buffer for rising operating costs.”

Proshare analysts also estimated that Fidelity Bank will rise to full Tier 1 status in its next Tier 1 Banking Sector Report even as it currently leads second-tier banks in gross earnings, profitability, total assets, customer deposits, loans and advances.

In its report on the best performing banks in Q1 2024 based on pre-tax profit, Nairametrics, an online business magazine, said: “Fidelity Bank Plc. posted a pre-tax profit of N39.5 billion, marking a 120 per cent growth from the N17.9 billion pre-tax profit recorded in Q1 2023. During the quarter, the bank posted a net interest income of N99.6 billion, marking a 90 per cent YoY growth from Q1 2023. Fidelity Bank posted gross earnings of N192.1 billion during the quarter, as it also recorded a net income of N31.4 billion, up by 101 per cent YoY from N15.7 billion as of Q1 2023.”

Based on its outstanding financial performance, the bank was voted the most trusted wealth management company for 2023, earning top rankings for “financial soundness, quality of products and services, protecting privacy and security, and sensitivity to customer needs” by Investor’s Business Daily.

The odious attempt to precipitate a run on Fidelity Bank is financial sleight of hand of the worst sort. While the bank is not at any risk considering its very robust fundamentals, the banking industry may be worse for such an invidious campaign if unchecked.

Those who are trying to instigate instability in the country’s financial ecosystem should desist. Competition must not be a sleight of the hand battle.

Up till today, no allotment of shares. I regretted ever investing in Fidelity Bank

Paraman:
Tinubu offered peter obi #50m to distabilise the LP, peter obi accepted the offer. Peter obi will never become the president of Nigeria.

Peter Obi? 50m??
Do you really know who Peter Obi is?

Do you know his worth financially?

Kreesxxx:
Nigerians erroneously grouped us as Igbos. We are letting them know that it is not true. Why we are trying to do that you people are countering our efforts. But the awareness has been created and we will not relent. You people hate us even more than you hate Fulanis. Why drag people you love to hate? We are not Igbos and this is not a lie. Our traditions at every turn has a restriction to anyone whose mother is Igbo or has Igbo connections. We can't be Igbos and all this taboos would firm part of our culture. Prince are forbidden from marrying Igbo women. They may marry from any tribes of their choice but not Igbo.

The entire Ikwerre enclave is not even up to a city in Igboland. Nobody wants you to be Igbo. The Igbo race is way too big for drunkards like ikwerres. You were rejected by Igbos very long ago. Ask for your history.

The only reason you are still being considered in the affair of Nigeria is because of crude oil. No crude oil and the North and Yorubas will join hands to ensure that you are completely delegated to the back seat forever.

Just look at the personality that parade themselves as illustrious Ikwerre sons: Wike, Amaechi, drunkards!!

paramakina202:
Nsogbu adighiya,Ihuruoha bu Ikwerre,Ikwerre bu Igbo.

Why are wasting your time on him. Let him go up north and commit a crime, he will quickly know his true identity and tribe.

Kreesxxx:
Stop calling Ikwerre slaves.

Contest for the President of Nigeria and then you will know whether you are Igbo or not.

Commit a crime in Lagos or Kano and you will know your true identity and tribe.

When Wike unveils his presidential ambition, Yorubas and the North will remind him his root and true identity.

Amaechi has already learnt his own lessons.

Jonathan:
220 to 260k after tax

Less than $150 dollars per month

This con 3 na real shìt hole

Any monthly remuneration below ₦1000,000 is poor and as it stands, I doubt if any government agency can pay that amount, NNPC and DPR inclusive.

He should take the job and do other businesses to augment his salary.