General News
NYSC Commend Polaris Bank, Nerdzfactory for empowering Corpers with Digital Skills

National Youth Service Corps (NYSC) commends Polaris Bank and Nerdzfactory for their remarkable efforts in empowering Nigerian corps members with essential digital skills through the Digicorper Programme.
The Digicorper Programme, which held its virtual graduation over the weekend was a high-impact capacity-building workshop, aimed to equip 5,000 NYSC members serving across 12 states with essential digital skills to thrive in today’s rapidly evolving digital world. The six-month training program, which commenced in November 2022, focused on empowering fresh graduates with the necessary skills required to excel in their future endeavors.
Through the strategic partnership between Polaris Bank, NYSC, and the facilitating firm, Nerdzfactory, participants were exposed to a comprehensive curriculum designed to enhance their digital knowledge and capabilities. The program provided practical training, equipping the graduates with in-demand tech and digital skills to succeed in their careers and businesses during and after their service years.
At the graduation ceremony, Polaris Bank’s Managing Director/CEO, Adekunle Sonola, expressed his admiration for the remarkable achievements, dedication, and hard work of the Digicorper Programme graduates. He emphasized the Bank’s commitment to being Nigeria’s leading digitally-focused retail bank and the importance of nurturing a community of believers in digital advancement to strengthen society’s capacity to leverage opportunities available in the digital era.
Mr. Sonola congratulated the graduates on their accomplishments and highlighted the significant contribution of Polaris Bank in making society better and ensuring continued value for its customers. He urged the graduates to remain true to the core values that guided them throughout the training, encouraging them to stay focused, hungry for knowledge, and adaptable in the face of uncertainty.
Madam Osijuwa, a representative of the NYSC’s Skill Acquisition and Entrepreneurship Development (SAED) program, commended the Digicorper Programme for providing a unique opportunity for corps members to acquire essential tech and digital skills. She emphasized the value of the training in equipping participants with the necessary tools to succeed in their careers and businesses.
Akpokiro Ejiroghene, expressing her gratitude, said, “I want to extend my sincere appreciation to our sponsors – Polaris Bank, Nerdzfactory, NYSC, and everyone who contributed to this remarkable achievement. It was a great privilege to be part of this program.”
Dipo, one of the Digicorper graduates, shared his experience, stating that he acquired valuable knowledge and successfully applied his newly acquired skills, which ultimately helped him secure a job.
Polaris Bank continues to earn accolades as Nigeria’s digital Bank of the year and a leading financial brand in innovation and digitization. The Bank’s digital banking platform Vulte provides an ecosystem for individuals, SMEs, and corporates to do transactions, access loans, and live their lifestyles. The Bank’s unwavering commitment to equipping young professionals with digital skills highlights its dedication to empowering individuals and contributing to the growth and development of Nigeria’s digital ecosystem.
General News
UBA Marks 75 Years of Excellence at 65th AGM

United Bank for Africa (UBA) celebrated its 75th anniversary during its 65th Annual General Meeting, highlighting decades of resilience, innovation, and commitment to service.
Mr. Tony Elumelu, Group Chairman, reflected on the bank’s journey, emphasizing its ability to adapt and transform over three-quarters of a century.
He announced UBA’s impressive financial performance for 2024, including a gross revenue of ₦3.2 trillion and profit after tax of ₦767 billion.
The bank’s total deposits grew by 42% to ₦24.6 trillion, while its loan book expanded by 35% to ₦7.5 trillion.
Mr. Elumelu also addressed UBA’s efforts to meet the Central Bank of Nigeria’s directive to increase the minimum capital requirement for international commercial banks.
Following a successful rights issue, UBA’s capital now stands at ₦355.2 billion, with plans to raise the remaining ₦144.8 billion later this year.
GMD/CEO, Mr. Oliver Alawuba, reiterated UBA’s commitment to enhancing customer experience through digital banking.
He highlighted the bank’s focus on leveraging artificial intelligence and advanced technology to serve its 45 million customers across 24 countries more effectively.
UBA’s dedication to environmental stewardship and social progress was evident in its 2024 initiatives, including planting 4,550 seedlings to offset carbon emissions and distributing over 13,000 books through the Read Africa Initiative.
The bank’s efforts were recognized with multiple awards, including “Bank of the Year” in five African countries.
As UBA continues its journey, Mr. Elumelu and Mr. Alawuba expressed gratitude to shareholders, customers, staff, and regulators for their unwavering support.
The bank remains committed to innovation, financial inclusion, and driving economic growth across Africa and the globe.
General News
FBI Sends Team to Nigeria to Track Down ‘Sextortion’ Scammers

Sextortion scams have become so widespread that the Federal Bureau of Investigation (FBI) is sending agents to Nigeria to help track down the perpetrators.
The agency’s “Operation Artemis” has led to the arrest of 22 Nigerians, half of whom are “directly linked” to sextortion incidents in which victims died by suicide.
Sextortion scams often begin on social media, where perpetrators pose as attractive young women to lure victims—typically unsuspecting teenage boys—into sending nude photos or explicit videos.
Once the images are obtained, the scammers turn to blackmail, threatening to leak the content unless the victim pays up.
In some cases, the sextortion results in teenage victims taking their own lives over fear of the nudes leaking.
In Thursday’s announcement, the FBI noted it’s been “observing a significant increase over the last three years in financially motivated sextortion schemes targeting young males ages 14-17, resulting in more than 20 minor victims dying by suicide.”
The agency is also facing a 30% year-over-year increase in sextortion-related tips.
“According to the FBI’s Internet Crime Complaint Center or IC3, there were over 54,000 [extortion-related] victims in 2024, up from 34,000 in 2023,” it said.
“Over the last two years there have been nearly $65 million dollars in financial losses due to this crime.”
In response, the FBI says 55 agency field offices came together to identify “nearly 3,000 victims of financially motivated sextortion,” which led investigators to track down the culprits in Nigeria.
The US has since extradited at least three suspects from Nigeria.
“These subjects will now be held accountable in the American justice system, with more subjects still awaiting extraditions in Nigeria,” the FBI added.
General News
FBNQuest Trustees Hosts Estate Planning Summit in Port Harcourt

FBNQuest Trustees Limited, a subsidiary of First HoldCo Plc, provider of trust solutions to individuals, corporate and government institutions, recently hosted its inaugural Estate Planning Summit in Port Harcourt.
The maiden event, themed: Wealth Preservation and Transfer without Hassle, was organised to strategically enlighten and empower the participants with the necessary knowledge required to seamlessly manage and successfully transfer their assets and legacies to their beneficiaries.
Speaking at the event, the Acting Managing Director, FBNQuest Trustees, Babajide Fetuga, stressed the critical importance of seeking professional guidance on estate planning, preservation and transfer of wealth to successive generations and other beneficiaries. He stated that a professionally drafted estate plan gives no room for any form of ambiguity; hence, it provides clear directives on what to do at any time.
‘’The potential consequences of not having an estate plan include perennial family disputes and protracted court cases, which may result in a huge financial burden and foster long-lasting resentments among loved ones if proactive steps are not undertaken to protect individuals, families and loved ones from avoidable stress.
‘’Understanding the values of wealth preservation is crucial. It is vital to recognize the importance of having a strategic estate planning blueprint, and we are determined to educate you with knowledge that not only informs but inspires you to take the necessary actions as you move forward,” he added.
FBNQuest Trustees is dedicated to promoting effective estate planning solutions. The company has a track record of successfully hosting estate planning summits in Abuja, Lagos, Minna and Ibadan and continues to emphasize the importance of thoughtful planning through initiatives like the Legacy Series Campaign and the Legacy Room podcast.
The summit featured industry experts who delivered valuable insights on the significance of wealth preservation and transfer, addressing the residents of Port Harcourt and its environs. The discussions focused on practical approaches and proactive measures attendees can adopt to manage their estates effectively and minimize potential future challenges.
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