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When a Bank Puts SMEs First

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Last week will go down as one of the most challenging weeks, if not the most challenging, Nigeria has faced in 2020. What started out weeks before as very well-organised peaceful protests by young Nigerians campaigning to #EndSARS, was supplanted by hoodlums engaging in wanton looting, arson and destruction of public and private properties across many states at an unprecedented scale. By the end of the week, many lives had been lost, many properties and businesses completely destroyed and Nigeria has been left reeling from a shock that dwarfs any the country felt even at the peak of the COVID-19 outbreak.

In keeping with the Nigerian spirit of being one’s brother’s keeper, equally unprecedented efforts by individuals, groups and corporate organisations to try to provide assistance for people and businesses affected by the crises of the past week, have followed. Individuals and groups have announced donations of cash and materials, set up helplines to offer psychological counselling and support, and started online crowd-funding efforts in support of victims. Among corporate organisations, we have seen banks take a leading role. Some banks, such as Access Bank and Stanbic IBTC, have announced funds or desks they have set up to receive requests from, and process assistance for, affected individuals and businesses. One of these banks’ efforts include pledged interest-free loans and grants that affected businesses and individuals can access.

Another bank has seen thousands of requests for assistance pour in through the online channel it set up for the purpose. The requests have flowed in, not only because of the victims’ desperation for help, but also because of the humane approach to banking that this institution adopts. Always putting the customer at the heart of its business, FirstBank has been showing empathy with all those who have experienced one loss or the other as a result of the crises. Since last week, the bank has been seeking every opportunity to identify with people who are currently grieving and hurting.

Although the largest and most prominent member of Nigeria’s leading financial powerhouse, the FBNHoldings Group that is a one-stop shop for financial services ranging from commercial and investment banking to financial advisory, insurance brokerage and pensions custodianship, FirstBank is neither immune nor removed from the challenges people face. It is a human institution with thousands of humans working as employees to provide bespoke banking products and services to millions of other humans whose pulse the bank feels through its employees. Being part of a group with expertise across the broad spectrum of financial services, makes FirstBank the banking partner with the broadest shoulders to assist SMEs buffeted by the wave of violence witnessed across the nation last week.

Given the interconnectivity between Nigeria and FirstBank’s history, it is no surprise that a tumultuous week in Nigeria is giving way to one with stories of hope and optimism by Nigerians badly affected by the crises of the past week, who are looking to FirstBank for assistance. These Nigerians have been encouraged by the strides FirstBank has made over the years in the SME space as the bank of first choice for small businesses. Built around seven strategic pillars – of connect to infrastructure, connect to talent, capacity building, policy and regulation, connect to resources, connect to market as well as connect to finance – considered essential for the sustainability and growth of SMEs and intended to promote a healthy business interaction and adaptability of the SMEs with their immediate environment, FirstBank’s involvement with SMEs, through SMEConnect (the bank’s branded bouquet of empowerment initiatives, products and services tailor-made for SMEs), has been one that has sought to facilitate their growth into future economic powerhouses playing ever-increasing roles in Nigeria’s economic development.

Since its maiden SME National Conference in 2014, FirstBank has annually engaged small businesses and SME owners in series of empowerment seminars and workshops designed to improve their business capacity. Only this year, FirstBank held its inaugural SME Business Clinic in Lagos, Port Harcourt and Abuja with many SMEs in attendance. The SME Business Clinic featured Abayomi Adewumi, CEO of the Global Leadership Institute and an industry expert and business growth consultant with vast experience working with SMEs. He engaged participants on the FirstBank SME diagnostic tool designed for SMEs to check the health of their business, better understand it and drive profitability.

In 2019, FirstBank organised a weeklong SME event which had owners of SMEs in different sectors mentored across multiple states in the country. It was the first of its kind in the industry. Organised in partnership with SME Traction, a leading business coaching platform, it was aimed at empowering SMEs to make informed choices about their businesses, thereby facilitating growth and bolstering their contribution to the development of the economy. At the event, FirstBank’s Deputy Managing Director, Gbenga Shobo, underlined the importance the bank attaches to SMEs. He said: “At FirstBank, we recognise the impact SMEs have in promoting growth of the economy and are excited at the opportunity to continue to enable them prosper by strategically contributing to the sustainability of their business. We remain the trusted financial partner of SMEs and reiterate our resolve to be known as the brand that enables their success; much the same way that we have for over 125 years enabled Nigerians and the economy at large.”

This same point was elaborated at another FirstBank SME event, “Food Souk”, convened in 2019 in partnership with Eventful Limited, an events management firm, where the bank restated its commitment to the Federal Government’s diversification drive, promising to continue to support the agricultural value chain from production to consumption to create opportunities for SMEs in the food sector so they could in turn create job opportunities. The bank also extended its hand of partnership to all small businesses involved in organising different trade fairs and exhibitions. A food vendor at the event, Ms Ijeoma Ebeneme, the Chief Executive Officer, JEM N Iris, commended FirstBank for putting the event together. Ebeneme said she was at the food fair to make profit, meet new clients as well as create the needed publicity for her brand. It is for people like Ebeneme that FirstBank maintains an SME website (https://smeconnect.firstbanknigeria.com) with rich resources to help SMEs build capacity and improve how they run their business. On the website is a blog featuring business articles and tips, SME business toolkit, SME products, Microsoft 365 Business Basic and a whole lot more.

In support of owners of SMEs operating in the education sector, FirstBank, in partnership with the Lagos State Employment Trust Fund (LSETF), set up a matching fund scheme of 5 billion LSETF-FirstEdu Loan. Officially launched in September by Governor Babajide Sanwo-Olu of Lagos State and Dr Adesola Adeduntan, Managing Director/CEO of FirstBank, the scheme aims to cushion the impact of Covid-19 pandemic on low-cost private schools by ensuring lending at an attractive interest rate. Speaking at the launch, Dr Adeduntan said: “At FirstBank we recognise the indelible role played by the education sector in the growth of any economy and this underscores our partnership with Lagos State Government for continuous development of the education services in Lagos State and the nation as a whole. The commitment by the Lagos State Government – including this partnership – to enable schools is quite commendable as this will mitigate the challenges caused by the lockdown on the education sector following the COVID-19 pandemic.”

It is for efforts like all those highlighted above and many more that the 2019 edition of KPMG’s Annual Banking Industry customer Satisfaction Survey named FirstBank as the biggest mover in the SME space. The 2014 edition of the Survey had named the bank as the most popular bank among MSMEs for both deposit transactions and credit/loan facilities with 26 per cent of the SMEs surveyed identifying the bank as one where they had an ongoing loan facility or had obtained one in the recent past. It is also for the same reason that the unfortunate events of the last week have reignited the bond between Nigerians and FirstBank, a partner that they can bank on in times of need. The bank’s track record leaves no one in any doubt of its unwavering commitment to continue to weather all storms with Nigeria and Nigerian SMEs with whom it shares a common destiny.

Culled from BusinessDay

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Peter Obi Would Rather Buy Desks for Children Than Pay for Lies, Group Replies Bwala

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The Peter Obi Media Reach (POMR) has dismissed claims made by presidential spokesman, Daniel Bwala, alleging that the former Labour Party presidential candidate attempted to contact him.

The group described the allegation as false and politically motivated.

POMR said the statement became necessary to prevent the public from being misled by what it called unfounded claims circulating in the political space.

In a statement issued by its spokesman, Ibrahim Umar, the group strongly rejected the allegation and accused Bwala of spreading misleading narratives about the former Anambra State governor.

The statement said, “Normally, we would not dignify Barr Bwala’s baseless accusations with a reply, given his well-documented history of dishonesty. However, we feel it is necessary to address this matter for the benefit of the public, who may be misled.”

According to the group, Obi has consistently maintained a clear distance from individuals and practices associated with what it described as transactional politics.

POMR said the former governor has built his political reputation around accountability, transparency and public service, adding that he does not engage in political dealings driven by personal gains or financial inducements.

The statement further said, “Our principal, Peter Obi, has made it clear that he excludes individuals like Bwala from his political activities and any form of transactional politics that sustain people like him in political circles.

“The Peter Obi that Nigerians know and appreciate will never engage in such practices. He would rather allocate resources to provide desks for children in Bwala’s village than pay him to concoct falsehoods for public consumption.”

The group also stressed that Obi’s political philosophy revolves around encouraging citizens to believe in a shared vision of national development rather than paying individuals to defend his political ambitions.

POMR said the former presidential candidate prefers persuasion and engagement with citizens who share the belief that Nigeria requires urgent reforms in governance.

It added, “Obi’s approach is rooted in the pursuit of good governance and the creation of a better society for all. He does not pay people to promote a cause; instead, he invites them to join him in believing in a shared vision.

“His ‘engagement’ focuses on persuasion, emphasizing the urgent need for a collective effort to rescue our nation. He welcomes those who choose to join him voluntarily, driven by the same deep-seated convictions.”

The group also called on politicians it accused of promoting transactional politics to rethink their approach and focus on national development rather than personal interests.

It concluded by urging critics to keep Obi out of what it described as politically motivated narratives.

“For the umpteenth time, we call on Bwala and others like him to count Peter Obi out of their greed, repent, and join us in the quest for a new Nigeria that is indeed POssible.”

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Justice Segun-Bello vs The Condes: Couple Appeals to Nigerians over Injustice, Intimidation

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The legal battle between an Abuja-based couple, Mr. Adetunji Conde and Mrs. Ajoke Amudat Conde, and a serving judge, Mabel Segun-Bello, has escalated into what relatives and rights advocates now describe as a life-threatening human rights crisis.

New updates obtained by SaharaReporters from the couple’s family indicate that Mr. Conde’s health has deteriorated sharply while in detention at Keffi Old Prison, where he is reportedly battling stage-one renal failure after months in custody over a ₦100 million investment dispute.

Family members warn that the situation is rapidly worsening and could become fatal if urgent medical care is not provided.

According to relatives, Conde had been managing several chronic conditions, including diabetes, hypertension and an enlarged prostate, before his arrest in 2025.

Since his incarceration, they say, the lack of specialised care has pushed his health toward kidney failure.

A source familiar with the case told SaharaReporters: “Although the court is aware of his worsening medical condition, he was directed to seek treatment within the prison facility, which unfortunately does not have the necessary medical equipment or capacity to manage his condition.”

Family members say the continued detention despite his condition effectively amounts to a medical death sentence.

Controversial Bail Delays and Judicial ‘Reset’

Conde also described what he alleges were repeated delays and irregularities in the handling of his bail.

In a message sent to SaharaReporters on Thursday, he recounted the process after his wife was granted bail.

“In the court of the second magistrate in Wuse II, after the stringent bail conditions had been varied and met and my wife released, it took the magistrate five days to approve my own surety,” he said.

He added that even after verification of the surety’s residence and workplace, additional delays occurred.

“Upon the verification of the abode and office of the surety, it took almost another two weeks for the prosecutor to come and sign in court,” he said.

According to Conde, the matter took an unexpected turn when the magistrate suspended both the case and his bail indefinitely.

“On the set day, the Magistrate ruled that both the case and my bail had been put on indefinite suspension due to the fact that powerful people are interested in the case,” he said.

He further claimed that the Chief Judge of the Federal Capital Territory later intervened.

“The CJ of Abuja ordered that my bail should be immediately granted and that both the Director of Magistracy and the Magistrate should be petitioned for explanation on this ruling,” he said.

However, Conde said the directive was never implemented, adding, “Instead of carrying out the order, the so-called Magistrate recused himself from the matter. A conviction without a trial.”

The case has since been transferred to a third magistrate court, where the presiding magistrate imposed a mandatory payment of N100 million into an interest‑bearing account as a bail condition. Meanwhile, the trial has continued to be adjourned repeatedly without explanation.

Alleged Police Interference

Conde also accused officers attached to the Nigeria Police Force of interfering with evidence in the case.

He claimed that a police team allegedly deleted key WhatsApp messages from his phone.

“Through a WhatsApp message which has been deleted by the police, the case from 2025 has spilled over into 2026,” he said.

He further alleged intimidation by investigators.

“The police team led by Funmi PPRO FCID who deleted all evidence on my phone has vowed to re-arrest me when granted bail and have sent their men to be present at every court proceeding.”

The Dispute Behind the Case

The conflict stems from a ₦100 million investment allegedly made by Justice Segun-Bello in the couple’s company, Elizabeth and Esther Nigeria Limited.

Conde insists the matter is purely contractual and should have been handled through civil litigation.

“I have refused to defraud the five states we signed for by giving them ₦700 million on an investment of ₦100 million,” he said.

“I have also sent them how their monies will be refunded since 2024,” he said but Justice Segun-Bello has refused. He wondered how they want him to pay back the money.

According to him, the repayment plan, send to him, were among the messages allegedly removed from his phone.

Human Rights Concerns

SaharaReporters had previously reported that a prominent human rights lawyer Femi Falana (SAN) had petitioned the then-Inspector-General of Police, Kayode Egbetokun, describing the prosecution as unlawful.

Falana argued that the use of police powers to enforce a private financial dispute violates long-standing Supreme Court rulings.

He also questioned why Mrs. Conde was included in the charges despite her alleged lack of involvement in the business transaction.

In petitions submitted to the FCT High Court and the Directorate of Magistracy, the couple had expressed a lack of confidence in the fairness of the trial process.

They alleged that Justice Segun-Bello had claimed influence over the magistrate courts.

“We have also been told that the sureties would be blackmailed to withdraw under undue pressure,” the couple wrote in their petition.

They further alleged that the judge had vowed to keep them behind bars for an extended period.

Claims of a Courtroom Setup

The couple also maintains that their earlier failure to appear in court, which led to the revocation of their bail, was deliberately orchestrated.

Conde alleged that plainclothes officers intercepted them on the morning of the hearing and drove them around Abuja for hours.

“They were only asking us where the balance of the ₦100 million was,” he said.

“By the time they allowed us to go, the presiding magistrate had already revoked our bail and issued a bench warrant for our absence.”

Plea for Intervention

Conde says he has written to several security agencies, including the Economic and Financial Crimes Commission, the Department of State Services, the National Intelligence Agency, and the Defence Intelligence Agency, seeking investigations into the case.

He claims none of the agencies have acted since his detention.

“My family is living under constant fear of being abducted or killed because of a civil contract,” he said.

In a final appeal, Conde warned that the situation had become a matter of life and death.

“I hereby call on well-meaning Nigerians to save me from this summary conviction that has now become a death sentence,” he said.

With the matter now restarting before a third magistrate, Conde’s family and legal team say the repeated procedural resets and strict bail conditions have effectively kept him incarcerated while his health deteriorates.

They are demanding the immediate withdrawal of criminal charges and the unconditional release of Adetunji Conde so he can receive urgent medical treatment outside prison custody.

Without intervention, they warn, the dispute risks turning into a fatal miscarriage of justice.

Source: SaharaReporters

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UBA Business Series Celebrates The Evolved Woman’s Leadership, Enterprise

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Africa’s Global Bank, United Bank for Africa (UBA) Plc, on Thursday, hosted a captivating edition of its quarterly Business Series, bringing together accomplished female leaders and entrepreneurs to discuss the theme “Gen.W: The Evolved Woman.”

The hybrid session which was held at the UBA House in Marina Lagos and also transmitted live to participants across the globe, is part of activities to mark the International Women’s Month and focused on the evolving role of women in leadership, business, and innovation, highlighting how African women are redefining success while also creating sustainable impact across their various spheres of operation.

UBA’s Group Head, Customer Experience, Michelle Nwoga, who gave the opening remarks at the event, explained that the evolved woman is one who is taking charge, volunteering and making their voice heard above the noise.

The event was moderated by popular media personality and actor, Tobi Bakre; who said, “When I think about the evolved woman, I personally do not see a checklist or a finish point. In my own opinion, it is a woman who is grounded in her own self-worth and gives room for other women to be grounded in theirs, choosing herself daily and ultimately letting other women around her know and believe that they belong here too.”

The event featured panel conversations with leading entrepreneur and founder of ORÍKÌ Group, Joycee Awosika; celebrated media personality and digital entrepreneur Tomike Adeoye; founder of Fine-Funky, Olufunke Davies, and award-winning broadcaster, Ayo Mario-Ese who shared experiences around their struggles and eventual evolution as female business owners.

From her point of view, Joycee Awosika, an energy economist who has been focused on promoting the African heritage, the evolved woman is one who has awareness of who she is. “That woman does not need to ask to sit at the table, she is creating her own table and adding value. As your company is growing, you must grow too, and always do an audit of where you need to become a better leader” she stated.

To Tomike Adeoye, the question of what a woman is bringing to the table has now become obsolete, as the evolved woman is now bringing their own table. “She is now more vocal about their struggles, setting the standards and she is not ready to give up on her dreams,” she added.

Ayo Mario-Ese expressed worry about females who are usually laidback about speaking up and sharing their achievements, and said that women need to own their own stories: “A lot of women are doing phenomenal work and are sometimes afraid of showcasing what they are doing. As an evolved woman, you have to find out what you are comfortable doing, and create your own unique offering, and also be open to collaboration.”

“Creating unique designs that are affordable remains my driving force and something that has helped me grow as an evolved woman,” remarked Olufunke Davies, who confessed to having ventured into a lot of businesses before finding her niche. “It is important to do your research, streamline and think about relatability. But the important thing I will say is start where you are as it is a progression.”

The Group Head, Brand, Marketing and Corporate Communications, Alero Ladipo, who commended the panellists and the attendees for taking their time to join the event said, “Raising each woman up is actually not that hard; because, everyone has their community as well as their story; and so as women, we need to take position so that you can give to others.”

Ladipo took time to speak about the Gen W platform, put together by the bank, as she explained that it is a lifestyle platform dedicated to the evolved woman, adding, “Through expert insights, real stories, and practical resources, the platform connects women who are building brands, creating businesses, growing careers, and leading across industries. They also have access to a plethora of discounted products and loans. The best part: it is open to every woman. No UBA account needed. This is Gen W, for the evolved woman,” she said.

UBA continues to reaffirm its commitment to empowering women and entrepreneurs through platforms such as the Business Series, which continues to serve as a hub for mentorship, knowledge exchange, and thought leadership. By convening influential voices and sharing practical experiences, the bank aims to inspire a new generation of women leaders and innovators across Africa and beyond.

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