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Impersonation: Man Arrested For Parading Self As Legal Practitioner

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An alleged fake legal practitioner, Mr. Olakunle Oladimeji Olawale, has reportedly been arrested for allegations of fraud and impersonation in Abuja, Nigeria’s capital.

Olawale who allegedly claimed to be a lawyer deceiving and defrauding unsuspecting members of the public allegedly used ‘Barrister’ as a prefix to his name during an event in Abuja, which called for suspension, investigation, and eventual arrest.

Meanwhile, according to investigation by the legal counsel to ALJAZIRAH NEWSPAPER, Mr. JJ Usman (SAN), who also wrote to the Supreme Court to verify the enrollment of lawyers, and the Court’s response indicated that there was no one by the name of Olakunle Oladimeji Olawale registered as a practicing lawyer, which the Court challenged Olawale to present his call to Bar Certificate and Qualifying Certificate for enrollment.

The investigation revealed that Mr. Olawale had been allegedly masquerading as a legal advisor and agent to landlords in Abuja.

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He also addressed himself as a civil society leader where he had been presenting himself as the leader under the cover of being a barrister to defaming members of the public over unfounded claims that cannot be substantiated.

He is currently facing the full wrath of the law at a Magistrate Court in Abuja with case number CR/39/2024.

Therefore, several cases of impersonation by individuals masquerading as lawyers make it imperative to sensitize Nigerians on how they can detect a fake lawyer based on the information the Nigerian Bar Association, NBA, will give to Nigerians.

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Philip Shaibu taunts Obaseki over Saturday’s election

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***Says, he has been vindicated

The deputy governor of Edo state, Philip Shuaibu, has reacted to the victory of the All Progressives Congress (APC) in last Saturday’s governorship.

Speaking on Arise Television, Shuaibu said he has been vindicated with the outcome of the polls which saw the All Progressives Congress (APC) candidate, Monday Okpebholo, become the governor-elect of Edo state.

“I feel vindicated and I thank God for it. I am water, I don’t have an enemy, unfortunately, those who decided that they are enemies, I have always prayed for them to live long and see how God’s miracle continues to work in my life,” he said.

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Describing himself as a team player, the deputy governor who has had a long-running battle with the incumbent governor of Edo, Godwin Obaseki, said he likes to deliver on his responsibilities at all times.

The deputy governor said, “I am a team player, I am somebody who likes to do my work the way it should be and if I make a mistake, it is a human mistake not out of envy or wickedness.

“Yesterday, I was so excited and happy that I was counted among the numbers that have helped APC take power in Edo state, I have also cancelled that blackmail and negative impression flying, that Philip Shuaibu does not win his ward.

“I have never lost my ward, I have never lost my unit.”
Also claiming to have garnered the highest vote from his unit, Shuaibu chided Obaseki for failing to clinch his local government area.

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He said, “Even the governor couldn’t win his local government. I won my unit, ward and local government.

“Where are the governor’s results? He has never won; we always assisted him. I insist, unfortunately he got the power and he decided to start kicking us and removing the ladder.

“Hope he learns his lessons.
What is left now is for him to go back and start begging and apologising to the people of Edo and he has a lot of them that he needs to apologise to,” the deputy governor stated.

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#EdoDecides2024: Fintiri expresses concerns over election conduct

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***Says, he weep for Nigeria’s democracy

By Francesca Hangeior

The Governor of Adamawa State, Ahmadu Fintiri, has raised serious concerns over the conduct of Saturday’s Edo election, describing it as a blatant attack on Nigeria’s democracy.

Fintiri condemned the alleged irregularities, “including vote buying, voter intimidation, and the manipulation of election results,” which he claimed “undermined the integrity of the electoral process” in a post on his X platform on Sunday.

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The governor also accused the ruling All Progressives Congress of violating democratic norms, citing incidents where APC officials, including the party’s national chairman, flew into Edo on election day despite movement restrictions.

On September 22, the Independent National Electoral Commission declared the All Progressives Congress candidate, Senator Monday Okpebholo, victorious in the recently concluded Edo State governorship election.

Okpebholo triumphed over his main challengers, Asue Ighodalo of the Peoples Democratic Party and Olumide Akpata of the Labour Party.

The Returning Officer, Prof. Faruk Kuta, announced Okpebholo as the winner at the collation centre in Benin City, the state capital, on Sunday.

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The APC candidate secured 291,667 votes, defeating Ighodalo, who garnered 247,274 votes. Akpata of the LP finished a distant third with 22,763 votes.

Reacting to the outcome of the election, Finitiri further criticised the INEC for reportedly favouring the APC, warning that the country’s democracy was at risk if such practices continued unchecked.

The statement read, “I weep for Nigeria’s democracy after witnessing the shameful Edo Gubernatorial poll. The @OfficialAPCNg’s desperate attempts to discredit me by falsely claiming I announced results won’t distract from the real issue. I merely shared results from INEC’s Irev portal, as collated by INEC from the various Local Government Areas.

“What’s truly shameful is APC’s national chairman flying into Edo with a private jet on election day, defying movement restrictions, while their Governors used armoured escorts to intimidate voters. This blatant disregard for democratic norms is the real brigandage. Nigerians are outraged, slamming @inecnigeria for compromising and favouring APC.

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“The reported vote-buying, disruption of collation processes, and suspicious results with more votes than accredited voters undermine trust in our democracy.

Democracy indeed is under attack. We must condemn this rape of democracy and demand accountability. The world is watching, and Nigeria deserves better.”

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Access Holdings Reports N2.2trn Revenue in First Half of 2024

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By Gloria Ikibah
 
Access Holdings Plc has announced a revenue of N2.2 trillion in its half-year audited financial results for the period ending June 30, 2024, highlighting the company’s resilience and commitment to sustainable growth. 
 
This performance, showcased across key balance sheet indicators, reflects a solid, diversified financial foundation.
 
The company operates in 22 markets across four continents through its banking franchise, along with non-banking subsidiaries such as Access Pensions, Hydrogen Payments, and Access Insurance Brokers.
 
As of mid-2024, Access Holdings reported total assets of N36.5 trillion and shareholders’ equity of N2.8 trillion, representing year-to-date growth of 37.1% and 29.8%, respectively. Customer deposits grew by 31.3% to N20.1 trillion, while gross loans and advances rose by 37.6% to N12.3 trillion, driven by organic loan growth and foreign currency loans.
 
Access Holdings recorded a significant year-on-year growth in revenue, with gross earnings rising by 133.5% from N940 billion in H1 2023 to N2.2 trillion in H1 2024. This surge was driven by higher interest and non-interest income. Interest income reached N1.47 trillion, a 142% increase, while non-interest income grew by 117% to N723.6 billion.
 
The company’s profit before tax increased by 108.2%, reaching N348.97 billion, while profit after tax grew by 107.7% to N281.3 billion. Earnings per share (EPS) also saw a notable increase of 103%, rising from N3.74 in H1 2023 to N7.58 in H1 2024.
 
Despite inflation and currency devaluation, the cost-to-income ratio remained stable at 60.4%. The company attributed increased operating expenses to IT upgrades, higher AMCON levies, NDIC premiums, inflation adjustments, and higher energy costs.
 
To reward shareholders, Access Holdings declared an interim dividend of 45 kobo per share, a 50% increase from H1 2023.
 
 
Banking Group Performance
 
Access Banking Group saw strong year-on-year growth, with net interest income up by 131% to N536.7 billion. Fees and commissions also grew by 94%, driven by higher transaction volumes on digital platforms. The group’s subsidiaries contributed 55% to the overall Profit Before Tax (PBT), with their PBT growing by 218%.
 
The bank reported successful integration of its operations in Zambia and Tanzania, which expanded its customer base and cross-border banking capabilities. The non-performing loan (NPL) ratio remained low at 2.72%, while the Capital Adequacy Ratio (CAR) stood at a strong 19.8%.
 
 
Non-Banking Subsidiaries
 
Access Pensions saw a 162.1% increase in Assets Under Management (AUM), reaching N2.9 trillion, positioning it among Nigeria’s top two pension administrators. Hydrogen Payments reported an impressive 1,871% growth in revenue, with total payment volumes reaching N13.8 trillion. Access Insurance Brokers also experienced significant growth, with gross premiums up by 83% and commission income rising by 60%.
 
 
Outlook for H2
 
Access Holdings is optimistic about surpassing its first-half growth in the second half of 2024. The company aims to continue scaling its non-banking segments, expand its digital footprint, and strengthen its presence in key markets. The completion of ongoing technology infrastructure upgrades will further enhance operational efficiency and customer experience.
 
Additionally, Access Holdings is awaiting approval from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) for its N351 billion rights issue.
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