Fidelity Bank Vs Sagecom Legal Tussel

Supreme Court Rules in Favour of Fidelity Bank

A five-member panel of the Supreme Court led by Justice Lawal Garba, has ruled in favour of Fidelity Bank in its appeal against Sagecom Concepts Limited.

 The apex bank's ruling marks a significant victory for Fidelity Bank in a long-running legal dispute.

It brings definitive closure to a legacy case that has attracted attention across the financial sector for more than two decades.

In a motion dated October 8, 2025, Fidelity Bank sought clarification from the Supreme Court, requesting a consequential order that the judgment debt be paid in Naira.

The bank also asked that the interest rate be set at 19.5% per annum rather than 19.5% compounded daily.

Additionally, it prayed that the exchange rate used for conversion be the rate on the date of the High Court judgment, in line with the Supreme Court’s decision in Anibaba v. Dana Airlines.

SERAS Awards

Union Bank Wins Best-In-Workplace Practice Award.

Union Bank of Nigeria has again proven its worth as a longstanding financial institution at the recently held Sustainability, Enterprise and Responsibility Awards(SERAS).

The bank secured yet another prestigious accolade as the Best Company in Workplace Practice at the awards. 

The ceremony held Saturday November 29, 2025 at the Grand Ballroom Oriental Hotel, Victoria Island, Lagos.

This significant achievement follows a comprehensive assessment by SERAS multinational independent judges who rigorously evaluated applicants' Corporate Social Responsibility and sustainability initiatives.

Union Bank was nominated across four categories: SERAS Education Intervention of the Year, Best Company in Workplace Practice, Best in Gender Equity and Women Empowerment, and Best Company in Reporting and Transparency. 

The Bank also won first runner up positions in the Gender Equity and Women Empowerment and Educational Intervention categories; a feat that highlighted the bank's strength and commitment to these critical areas.

The Bank's award-winning workplace practices reflected its holistic people-first philosophy that transcends conventional human resources functions.

Union Bank has created an inclusive, rewarding and high performing work environment that establishes new benchmarks for Nigeria's financial sector.

Key initiatives that distinguished Union Bank include the introduction of five months fully paid maternity leave exceeding statutory requirements and the establishment of an onsite crèche at its head office to support work life balance and improve female retention.

L-R: Head, Strategic Communications and Media Relations, Union Bank, Olufisayo Adelekun; Chairman, Wonder Energy, Engr. Toju Koso; Chief Brand and Marketing Officer, Union Bank, Olufunmilola Aluko, Team Lead, External Communication, Union Bank, Favour Ayeni; Executive Asst, Corporate Communication and Marketing, Union Bank, Boluwatife Lawal; Products and Partnerships Specialist, Union Bank, Oghenemaro Ebrorhie; Team Lead, Digital Marketing, Union Bank, Abisola Oluyede; and Customer Service Partner, Union Bank, Eduvie Ejakpomewhe during the Award presentation to Union Bank for Best Company in Workplace Practice at the 2025 SERAS Awards held at Lagos Oriental Hotel, Lagos recently.

Certification Of Non-Oil Export Academy Graduates

Sterling Bank Partners Pan Atlantic University’s Enterprise Development Centre

Longstanding financial institution Sterling Bank Limited has signed a Memorandum of Understanding (MoU) with the Enterprise Development Centre(EDC) of the Pan-Atlantic University (PAU) to certify graduates of its Non-Oil Export Academy. 

This strategic partnership underscores the Bank's commitment to diversifying Nigeria's economy by supporting non-oil export growth. 

The landmark agreement follows the recent launch of the Sterling Bank Non-Oil Export Academy; an initiative designed to position Nigerian exporters for global competitiveness. 

The launch was preceded by a series of nationwide training programs in Lagos, Ondo, and Kano states, culminating in a grand finale themed “Excel in Non-Oil Export.” 

This partnership is aimed at equipping exporters with practical tools to thrive in international markets, thereby reducing Nigeria’s reliance on oil revenues. 

Speaking at the signing of the MoU ceremony in Lagos, Sterling Bank’s Managing Director and CEO, Mr. Abubakar Suleiman, affirmed that the Bank is intentional about creating an ecosystem where non-oil exporters are well-informed and equipped to advance national interests. 

“We are not just training people to understand how to export; we want to train them to be competitive exporters of non-oil products,”. 

“Our goal is to build a community of knowledgeable, certified, and confident exporters who can collaborate to solve challenges beyond their immediate capacity. Our North Star is to reach a point where hundreds of people have completed this programme and are ready to compete on a global scale.” 

L-R: Kola Oluyemi, Group Head, Sterling Academy; Dr. Nneka Okekearu, Director, Enterprise Development Centre (EDC), Pan Atlantic University (PAU); Abubakar Suleiman, MD/CEO, Sterling Bank; Dr. Nnenna Ugwu, Head, Alumni Engagement and Support Services, EDC at PAU; and Akporee Idenedo, Divisional Head, Commercial Banking, Sterling Bank at the recent MoU signing to certify graduates of Sterling Bank’s Non-Oil Export Academy.

Reckless Driving

Lagos Police Arrest Nigerian TikToker Peller.

More trouble is looming for 20-year-old Lagos resident TikToker and social media influencer Habeeb Hazmat popularly called "Peller" following a reckless driving live streaming of himself; crashing his car.

Hence the Lagos State Police Command has arrested and detained Peller for his unruly behaviour.

Police Public Relations Officer SP Abimbola Adebisi in a statement issued on Tuesday December 16, 2025 said the online streamer’s actions on Sunday, December 14, 2025 posed serious threat to public safety which required urgent intervention.

Adebisi described the act as extremely dangerous, stressing that such behaviour could have resulted in fatal consequences for both the suspect and other motorists.

The case has been transferred to the State Criminal Investigation Department for detailed probe.

Recall on Monday December 15, 2025 the Federal Road Safety Corps(FRSC) directed the prosecution processes against the content creator and online streamer for reckless driving.

Road Safety Violation

 FRSC To Prosecute Online Streamer "Peller"

It appears Nigerian content creator and online streamer Habeeb Hazmat popularly known as "Peller" might have a case to answer following a viral self recorded live video of himself driving recklessly; an incident that resulted in a road traffic crash.

An act the Corps Marshal of the Federal Road Safety Corps(FRSC) Shehu Mohammed described as unlawful and dangerous noting that it could have led to loss of lives.

Mohammed expressed concern over what he said has become a growing pattern among some celebrities, content creators and social media influencers, warning that such conduct poses serious danger to lives and undermines national road safety efforts aimed at reducing road traffic crashes and fatalities.

He explained that live streaming, content creation, recording often distract a driver while in motion which violates established road traffic regulations as well as poses grave danger not only to the driver but to other road users.

The FRSC corps marshall said the incident served as a stern reminder that fame does not confer immunity from the law nor does it excuse dangerous behaviour on public roads.

Hence he has directed the Lagos State Sector Commander to begin the prosecution processes against the individual involved "Peller".

ECOWAS

State Of Emergency Declared In West Africa.

A state of emergency has been declared in the African region by the Economic Community of West African States (ECOWAS).

President, ECOWAS Commission, Omar Touray, made the declaration on Tuesday December 9, 2025 during the opening ceremony of the 55th meeting of the ECOWAS Mediation and Security Council held in Abuja.

Touray said the development had become imperative due to serious introspection on regional future democracy; hence he called for urgent measures to address the security challenges in the community.

The meeting is convened following the string of coups and botched mutinies in the sub-region.

U.S Shooting

U.S National Guard Shooting Suspect Charged With Murder

Prosecutors have officially filed murder charges against the suspected shooter accused of killing a National Guard soldier as well injuring another in Washington DC last Wednesday.

Rahmanullah Lakanwal shouted "Allahu Akbar" as he fired shots and reloaded after a guard member shot and wounded him.

Lakanwal, who came to the U.S from Afghanistan in 2021 has pleaded not guilty during a virtual court appearance from his hospital bed.

 Charges against him included first-degree murder and assault with intent to kill.

The President Donald Trump administration has paused all asylum decisions following the shooting and has ordered a review of Afghan refugees in the United States.

National Guard member Sarah Beckstrom 20 years died from injuries she sustained while the other officer Andrew Wolfe 24 years who was critically injured has since been in hospital.