CBN/Commercial Banking - Abia ThinkTank News

Sep

22

2026

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By Abia ThinkTank

Signature Bank, FAAC, JAAC And IGR: Seperating Claims From The Public Record – By Pastor Prof Chukwuemeka Ifegwu Eke

Abia State, CBN/Commercial Banking, Columns/Opinions/Letters, Good Governance

SIGNATURE BANK, FAAC, JAAC AND IGR: SEPARATING CLAIMS FROM THE PUBLIC RECORD Public discussion about Abia State’s finances should rest on verifiable records. The documentary record available publicly does not support describing Signature Bank as the bank holding Abia State’s principal FAAC, JAAC or Consolidated IGR accounts. For FAAC, the KPMG review identifies the active FAAC account examined during the relevant period as being with United Bank for Africa (UBA). For Consolidated IGR, the Abia State Report of the Accountant-General for the year ended 31 December 2024 lists Access Bank Consolidated IGR, including an account with a year-end balance of…

Sep

19

2026

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When A Bank Succeeds, Must A Pathological Critic Invent A Crime? – Part 3 – By Pastor Prof Chukwuemeka Ifegwu Eke

Abia State, CBN/Commercial Banking, Columns/Opinions/Letters

WHEN A BANK SUCCEEDS, MUST A PATHOLOGICAL CRITIC INVENT A CRIME? — PART 3 Correcting the Viral Numbers, Defending Abia with Evidence, and Separating Banking Growth from Allegations of Public-Fund Diversion The latest attack on Signature Bank has now moved beyond suspicion into statistical theatre. A viral e-flyer has been circulated presenting Signature Bank beside Zenith Bank, GTCO, Access Holdings and major international banks, with the suggestion that the bank’s rapid growth is so extraordinary that something improper must explain it. That argument deserves scrutiny. But once the figures are properly checked, an uncomfortable fact emerges: Some of the numbers…

Sep

14

2026

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By Abia ThinkTank

Anambra Still Paying Obi, Obiano-Era Debts – Soludo’s Govt

CBN/Commercial Banking, Economy, News Flash

Anambra Still Paying Obi, Obiano-Era Debts – Soludo’s Govt The Anambra State Government has revealed that it is still servicing loans incurred during the administrations of former governors Peter Obi and Willie Obiano, as the Chukwuma Soludo-led government continues efforts to reduce the state’s debt burden. The Commissioner for Finance, Izuchukwu Okafor, disclosed this during a Ndi Anambra podcast released by the state government’s New Media team on Monday, while giving an update on the state’s financial position. Okafor said the Soludo administration had not obtained any commercial bank loan since assuming office but had continued to make repayments on…

Sep

09

2026

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The Dangote IPO And The Law: A Perfect Storm We Did Not See Coming – By Charles Ude, Esq (Legal Practitioner And Author)

Columns/Opinions/Letters, CBN/Commercial Banking, Economy

The Dangote IPO and the Law: A Perfect Storm We Did not See Coming Charles Ude, Esq.Legal Practitioner and Authorcharlesude2014@gmail.com September 2026 Introduction: A Story of Two Realities Walk into any boardroom in Lagos today, and you will hear about the Dangote IPO , potentially the largest in African history. Walk onto the street, and you will hear about fuel prices, hunger, and a government that seems to live in a different world. These two realities are about to collide. And when they do, we will discover whether Nigeria's legal system is ready for what is coming. Flotation, also known…

Jul

15

2026

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CBN Owing FGN N5.3 Trillion Unremitted Operating Surplus, Refused To Pay – OAGF

CBN/Commercial Banking, Economy, FGN

CBN Owing FG N5.3 Trillion Unremitted Operating Surplus, Refused To Pay – OAGF The Office of the Accountant General of the Federation (OAGF) has told the House of Representatives Committee on Public Accounts that the Central Bank of Nigeria was indebted to the government by N5.3 trillion, representing unremitted revenue from its operating surplus. Director, Revenue and Investment, in the OAGF, Makinde Mogaji disclosed this while responding to questions from members of the committee when the Accountant General of the Federation, Shamsedeen Babatunde Ogunjimi, appeared before the Committee to defend audit queries from the office of the Auditor General for…

Jul

01

2026

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20 States Win $27 Million World Bank-Backed Performance Incentives

CBN/Commercial Banking, Economy, FGN

20 States Win $27 Million World Bank-backed Performance Incentives The World Bank-supported HOPE Governance Programme, will disburse 27 million dollars as performance-based incentives to 20 states that achieved the Year Zero Disbursement-Linked Results (DLRs). The National Coordinator of the HOPE Governance Programme, Dr Assad Hassan, disclosed this in Abuja on Tuesday during a retreat for Commissioners, Permanent Secretaries, and Directors of Budget and Planning. A statement on the outcome of the retreat was made available to newsmen by Mr Joe Mutah, Communications Officer HOPE Governance Programme. The HOPE Governance Programme is a 500-million-dollar World Bank-supported initiative domiciled in the Federal…

Jun

02

2026

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Signature Bank And Abia Funds: What The Available Facts Show – By Prof Chukwuemeka Ifegwu Eke

Abia State, CBN/Commercial Banking, Columns/Opinions/Letters, Good Governance

SIGNATURE BANK AND ABIA FUNDS: WHAT THE AVAILABLE FACTS SHOW The controversy around Signature Bank and its alleged connection to Abia State Government funds has continued to attract public attention. At the centre of the debate is the claim that the bank is being used as a preferred destination for major government accounts. However, the available clarification now in the public space presents a different picture. According to the information provided, the major Abia State Government accounts are reportedly domiciled in other commercial banks, not Signature Bank. The Federation Account Allocation Committee, FAAC, account is said to be with UBA.…

May

30

2026

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When A Bank Succeeds, Must The Critic Invent A Scandal – By Prof Chukwuemeka Ifegwu Eke

Abia State, CBN/Commercial Banking, Columns/Opinions/Letters, Good Governance

WHEN A BANK SUCCEEDS, MUST THE CRITIC INVENT A SCANDAL? Mr. Obinna Oriaku’s series of commentaries on Signature Bank is a classic example of how political bitterness can turn good news into forced suspicion.First, let us correct the careless figures.Signature Bank’s reported audited 2025 performance shows a Profit After Tax of ₦3.59 billion, up from ₦726 million in 2024, not ₦786 million as claimed. Its total assets rose to ₦224.7 billion, not ₦244.7 billion. Its gross earnings rose impressively to ₦24.99 billion.Those are not numbers to mock. They are numbers to celebrate.A young Nigerian bank, established in a difficult economy,…

Feb

17

2026

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”I Withdrew Everything’- Man Closes UBA Accounts After Tony Elumelu Supports Tinubu

CBN/Commercial Banking, News Flash, Politics

‘I Withdrew Everything’- Man Closes UBA Accounts After Tony Elumelu Supports Tinubu Nigerian-born health communication specialist, Ugochukwu Madu, has reportedly closed all his accounts with United Bank for Africa (UBA) following recent comments by the bank’s chairman, Tony Elumelu, in support of President Bola Ahmed Tinubu’s economic reforms. Madu announced his decision shortly after Elumelu publicly endorsed the President’s ongoing policy measures, sparking mixed reactions online. Elumelu made his remarks after a private session with the President at the Presidential Villa in Abuja. Addressing journalists, he described the government’s ongoing reforms as necessary steps to stabilise the economy and promote…

Feb

13

2026

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Valentine’s Day: CBN Lists Money Bouquets As Offence

CBN/Commercial Banking, Economy, News Flash

Valentine’s Day: CBN Lists Money Bouquets As Offence As Valentine’s Day draws near, the Central Bank of Nigeria’s (CBN) 2023 warning against money bouquets is making the rounds again. The apex bank had classified money bouquets, a popular gift among lovers, as a form of naira abuse. In a flier shared on its official Twitter handle in 2023, the CBN listed money bouquets alongside other prohibited practices, including spraying, selling, squeezing, and defacing naira notes. Citizens were urged to report incidents of naira abuse, with the CBN emphasising: “It is your civic duty to protect the naira. Report naira abuse…