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125 YEARS ANNIVERSARY: FIRSTBANK EMBARKS ON 125KM RELAY WALK TO GREATNESS,

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On Saturday, 16 March 2019, Nigeria’s premier financial institution, First Bank of Nigeria Limited and other corporate entities in the FBNHoldings group would collectively have a 125km Relay Walk to celebrate the Bank’s 125 years of unbroken business operations in commemoration of its 125 years anniversary. Following the flag hoisting ceremony, the anniversary activities curtain raiser event that held on 1 March 2019, the 125km Relay Walk which is to be carried out at locations across Nigeria and other countries where the Bank operates is among the many activities lined-up to celebrate the Bank’s impact and contribution to the growth and development of Nigeria over the years, predating the independence of the West African country with a view to reinforce the collaborative efforts of all institutions of the group, FBNHoldings, as well as building on the heritage for the next 125 years and beyond.  According to Dr. Adesola Adeduntan, the Chief Executive Officer, First Bank of Nigeria Limited, “the 125km Relay Walk is a representation of the collaborative effort of not just FirstBank but all entities in our holding company, FBNHoldings, that have in the last 125 years impacted lives and contributed to the growth and development of our host communities and countries where we do businesses. At FirstBank, we are proud of the strides made across these locations where we operate as without the effort of all staff – past and present – as well as our customers and stakeholders, there would be no FirstBank. The 125km is a mark of our incredible journey of delivering impeccable financial services to our customers as we leave no stone unturned to remain an icon of admiration in today’s financial services industry in Africa.” Speaking on the significance of the ‘Relay Walk”, Adeduntan explains that The Relay Walk is a collaborative effort to achieve a symbolic 125km. He added “It is also a representation of the FirstBank brand in the last 125 years; our people, the team work, partnership and the collective spirit which has shown that as a team, together we can do and achieve more. It is neither a marathon, nor sprint, but a surefooted, steady walk we have taken in the last 125 years.” On how the “Relay Walk” would be carried-out and what it means to the brand, Folake Ani-Mumuney, the Group Head, Marketing and Corporate Communications, FirstBank explains “As a Group, we have journeyed through the ages, our footprints spreading far and wide with indelible landmarks of several firsts. The Relay Walk, yet another First, combines a relay with a walk. A relay, symbolic with races connotes the agility of sprint, which can only be achieved through a team’s collective effort while the passing of the baton during a relay connotes effective succession, thus all attributes evident in FirstBank’s attainment of 125 years of sustained profitable growth. Ani-Mumuney explained the Relay Walk would see staff, customers and stakeholders walk at least 1.25km in teams and from different locations to make up the minimum 125km. At the end of the walk in each location, teams will symbolically pass the baton, committing to a cause that will take the Group to the next 125 years. The baton exchange symbolises the strong culture of succession planning of the Group in the last 125 years, a trait that highlights the dynamic and transformational nature of the brand as well as the essence of future proofing through a deliberate planning of transitions from one generational to another. The baton exchange is a commitment by the current leadership to uphold this spirit of foresight and deliberate planning of taking the brand to greater heights through the next 125 years. The 125km Relay Walk, to be led by Dr. Adeduntan will terminate at the Bank’s corporate Head Office in Marina where staff, customers and other stakeholders will converge to witness the symbolic baton hand over and a commitment to the next 125 years.


About FirstBank

First Bank of Nigeria Limited (FirstBank) is the premier Bank in West Africa and the leading banking services solutions provider in Nigeria for 125 years. With some 15 million customer accounts, FirstBank provides a comprehensive range of retail and corporate financial services with over 750 business locations. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal, as well as a Representative Office in Beijing.  Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, optimised risk management and leadership. Over the years, the Bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the Federal Government’s privatisation and commercialisation schemes. With its global reach, FirstBank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand and a credible financial partner.  FirstBank has been named “Most Valuable Bank Brand in Nigeria” six times in a row (2011 – 2016) by the globally renowned “The Banker Magazine” of the Financial Times Group; “Best Retail Bank in Nigeria” for seven consecutive years (2011 – 2017) by the Asian Banker International Excellence in Retail Financial Services Awards and “Best Bank in Nigeria” by Global Finance for 15 years. Our brand purpose is to always put customers, partners and stakeholders at the heart of our business, even as we standardise customer experience and excellence in financial solutions across sub-Saharan Africa, in consonance with our brand vision “To be the partner of first choice in building your future”. Our brand promise is to always deliver the ultimate “gold standard” of value and excellence. This commitment is anchored on our inherent values of passion, partnership and people, to position You First in every respect.

 

 

 

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Drama in Rivers APC as Fubara and Tonye Cole Step Down from Governorship Primary

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Rivers State Governor, Siminalayi Fubara, has announced his withdrawal from the All Progressives Congress governorship primary election in the state.

Fubara made this known in a statement personally signed on Wednesday, saying he would support whoever emerges as the party’s candidate, The Nations reported.

The governor said his decision followed extensive consultations with his family, friends, and political associates.

“After deep reflection and extensive consultations with my family, friends, and associates, I have taken the difficult but necessary decision to withdraw from the APC governorship primaries. I do so with a full heart and with a firm commitment to support whoever emerges as the candidate of our great party,” Fubara said.

The development comes amid ongoing political realignments ahead of the 2027 general elections in Rivers State.

Fubara said although the decision was difficult, he remained committed to supporting whoever would emerge as the APC governorship candidate.

According to him, leadership demands sacrifice and personal ambition must sometimes give way to the collective interest of the people.

“Rivers State is bigger than any individual, and at this critical moment, the peace, stability, and unity of our dear state must take precedence over every personal interest,” he said.

Meanwhile, the embattled governor expressed appreciation to his supporters for their loyalty, prayers and sacrifices throughout the political process, acknowledging that many would feel disappointed by his withdrawal.

He said his silence in recent weeks was “deliberate and strategic,” adding that it was guided by the higher interest of the state.

Newsthumb had earlier reported that APC chieftain and 2027 governorship aspirant in Rivers State, Tonye Cole, also announced his withdrawal from the race, saying his decision was, among other reasons, in the interest of the party’s unity.

Fubara thanks Tinubu, dismisses cowardice
The governor hinted at undisclosed pressures surrounding the political process, saying: “As our elders say, not everything a hunter sees in the forest is spoken of in the marketplace.”

He added that some truths were best kept quietly “not out of fear, but out of wisdom and restraint for the sake of peace and a greater purpose.”

Fubara thanked the APC leadership for the opportunity given to him during the process and also expressed gratitude to President Bola Tinubu for his support and encouragement.

He urged party faithful to remain united and committed to the APC, describing the party as their “collective home.”

The governor, however, insisted that his withdrawal should not be interpreted as an act of weakness or surrender.

“I stepped aside not out of weakness, fear, or surrender, but out of conviction and sacrifice so that Rivers State may move forward in peace and unity,” he said.

Fubara also pledged to continue serving the people of Rivers State until the end of his tenure.

He further stated, “Leadership is ultimately about sacrifice. There comes a time when personal ambition must yield to the greater good of the people. Rivers State is bigger than any individual, and at this critical moment, the peace, stability, and unity of our dear state must take precedence over every personal interest.

“To my supporters who stood firmly with me throughout this journey who gave their time, resources, prayers, and unwavering hope, I offer my deepest gratitude. I understand the disappointment, the anger, and the pain many of you may feel.

“Much has indeed been invested and much sacrificed along the way. But please know that your loyalty and trust were never in vain. My silence over this period was deliberate and strategic, guided always by the higher interest of our state and our people.”

Our correspondence earlier reported that Fubara rose politically under the administration of his predecessor and political godfather, Nyesom Wike, serving as Accountant-General of Rivers State before emerging as the PDP governorship candidate and winning the 2023 election with Wike’s backing.

Shortly after assuming office, however, the relationship between both men collapsed over control of the state’s political structure, appointments and finances, leading to a bitter power struggle involving the Rivers State House of Assembly led by Speaker Martin Amaewhule, who remained loyal to Wike.

The crisis escalated when 27 lawmakers attempted moves seen as targeting Fubara, while the governor’s camp questioned their legitimacy after alleged defections.

The Assembly complex was later demolished and governance became paralysed as both camps traded court actions and political attacks.

In March 2025, President Bola Tinubu declared a state of emergency in Rivers State, suspending Fubara, his deputy and all lawmakers for six months, citing political instability and threats to governance and oil infrastructure.

During the suspension, retired naval chief Ibok-Ete Ibas was appointed sole administrator.

Fubara was later reinstated after political negotiations reportedly brokered by Tinubu, with conditions said to include working with the Amaewhule-led Assembly, maintaining peace with Wike’s camp and shelving immediate political confrontation ahead of 2027, although some reported terms — including speculation about reelection concessions — remained unofficial.

The House of Assembly saga remained central to the crisis, with repeated disputes over budget presentation, impeachment threats and Supreme Court rulings affirming the Amaewhule faction as the recognised Assembly leadership.

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APC Primary Crisis Deepens in Osun as Aspirants Accuse Party Leadership of Imposition, Manipulation, and Delegate Exclusion

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The All Progressives Congress (APC) primary election held on Saturday, May 16, 2026, in Ife Federal Constituency has sparked widespread controversy, with aggrieved aspirants and party stakeholders alleging massive irregularities and manipulation during the exercise.

The aspirants accused certain party leaders of compromising the credibility of the primary process, alleging that the exercise was hijacked by desperate political actors allegedly working under the influence of the Osun State APC Chairman, Hon. Tajudeen Lawal, popularly known as “Sooko.”

According to reports gathered from several wards and local government areas within the constituency, many party members and stakeholders were allegedly denied the opportunity to participate in what was expected to be a transparent, free, and fair election. The aggrieved members described the exercise as a deliberate attempt to impose a preferred candidate against the collective will of delegates and party faithful.

Several stakeholders further alleged widespread intimidation, manipulation, and exclusion of recognized party members during the exercise, a development they said has generated tension and dissatisfaction within the party.

The aggrieved aspirants reportedly described the primary as a “scam,” alleging that results and figures were arbitrarily allocated to candidates by the party leadership.

They also alleged that incidents of violence and thuggery characterized parts of the exercise across Ife Federal Constituency, claiming that such developments have raised concerns over fairness, transparency, and internal democracy within the Osun APC.

Some party members further recalled a similar controversy during the May 27, 2022, APC primary election in the constituency, alleging that the same pattern of irregularities occurred during that exercise.

Meanwhile, the aspirants maintained that the outcome of the disputed primary election has yet to receive official recognition from the National Secretariat of the APC, as several petitions and complaints have reportedly been submitted over the conduct of the exercise.

They also noted that the Independent National Electoral Commission (INEC) has not officially validated the disputed process, thereby raising further questions regarding the legitimacy and credibility of the primary election.

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Taiwan in the Crossfire of History, Law, and Power: A Feature Analysis of Competing Claims and the One-China Question

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By Michael Olukayode

The status of Taiwan remains one of the most enduring and strategically sensitive disputes in modern international relations — a question where history, law, identity, and geopolitics collide without easy resolution. It is not merely a territorial disagreement between Beijing and Taipei; it is a layered contest over legitimacy, sovereignty, and the meaning of statehood in a shifting global order.

Across recent scholarly salons and policy interventions in Africa and beyond — particularly the Abuja media salon hosted by the China General Chamber of Commerce in Nigeria — a striking convergence has emerged around the One-China Principle, even as interpretations of its implications remain sharply contested.

The Historical Fault Line: 1949 and the Birth of Two Political Realities

The modern Taiwan question originates in the Chinese Civil War, which ended in 1949 with the Communist Party of China establishing the People’s Republic of China on the mainland while the defeated Kuomintang (KMT) government retreated to Taiwan.

As Professor Sheriff Ghali Ibrahim forcefully stated at the Abuja salon:

“Taiwan is not a sovereign entity, it has no independence and it is not a member of the United Nations.”

From Beijing’s perspective, this was not the creation of two states but the continuation of one China under different administrations.

This position aligns with the broader Chinese narrative repeatedly emphasized in diplomatic discourse, including the categorical assertion that:

“Taiwan has never been a country, was never one in the past, and will never be one in the future.”

Taiwan, however, evolved in a very different direction. Over decades, it developed into a functioning democratic polity with its own political institutions, elections, military structure, and constitutional governance.

This divergence produces what scholars describe as a central paradox: a de facto state operating with constrained de jure recognition, facing a sovereign claim from a rising global power.

The Legal Architecture: UN Resolution 2758 and Competing Interpretations

A cornerstone of Beijing’s argument is United Nations General Assembly Resolution 2758, which restored China’s seat at the United Nations in 1971.

At the Abuja salon, Professor Sheriff Ghali Ibrahim insisted:

“This resolution has explicitly established… that there is only one seat for China in the United Nations, leaving no room for ‘two Chinas’ or ‘one China, one Taiwan’.”

From this perspective, Taiwan is not a separate subject of international law but part of China whose representation is subsumed under Beijing.

Taiwan and its supporters contest this interpretation, arguing that Resolution 2758 addresses representation — not sovereignty — leaving Taiwan’s political status deliberately unresolved.

This legal ambiguity has become what many scholars now describe as structured uncertainty, sustaining diplomatic flexibility while preventing formal resolution.

Beijing’s Position: Sovereignty, Reunification, and Historical Mission

China’s position is rooted in sovereignty, territorial integrity, and national rejuvenation.

As reiterated by President Xi Jinping:

“The great tide of compatriots on both sides of the strait becoming closer, more connected and coming together will not change. This is the verdict of history.”

In Chinese official discourse, reunification is not framed as a negotiable issue but as a historical inevitability tied to national revival.

This perspective was reinforced in Abuja by African analysts who align with Beijing’s framing of sovereignty as non-negotiable, with Professor Sheriff Ghali Ibrahim emphasizing that Africa’s diplomatic alignment reflects a global consensus increasingly anchored in the One-China Principle.

Taiwan’s Position: Democracy, Identity, and De Facto Sovereignty

Taiwan’s position rests on lived political reality and democratic self-governance.

While officially still called the Republic of China, Taiwan functions as an independent political system with its own elections, judiciary, military, and constitution.

Its leadership under President Lai Ching-te emphasizes Taiwan’s distinct political identity and rejects Beijing’s sovereignty claims.

From Beijing’s perspective, this is framed as separatism. From Taiwan’s perspective, it is democratic self-determination.

The result is a deeply entrenched ideological divide: territorial integrity versus political identity.

Strategic Ambiguity and Global Power Politics

A critical dimension of the Taiwan issue is the role of external powers, particularly the United States.

Washington’s policy of strategic ambiguity — recognizing the One-China framework while maintaining unofficial relations with Taiwan — is widely seen as both stabilizing and contradictory.

At the Abuja salon, Prof. Sheriff Ghali Ibrahim and other speakers framed external engagement with Taiwan as part of what they described as “separatist encouragement,” while emphasizing African alignment with Beijing’s position.

Africa’s Diplomatic Alignment and the One-China Consensus

A recurring theme in Abuja was overwhelming African diplomatic alignment with Beijing.

As multiple presenters emphasized:

“As of May 2026, 53 out of 54 African nations adhere to the One-China policy.”

The only exception remains Eswatini.

At the salon, Prof. Sheriff Ghali Ibrahim argued that this position reflects historical continuity in African diplomacy:

“African nations have consistently stood with China on issues concerning its sovereignty and territorial integrity.”

Dr. Segun Showunmi, who is an Ace Public affairs analyst and social impact expert, with experience in governance, policy and civic engagement added that this alignment is not merely political but developmental:

“That consistency created trust and in international politics, trust often translates into investment, infrastructure, and strategic cooperation.”

The Abuja Diplomatic Intervention: China’s Official Position

A defining moment of the salon came from the representative of the Chinese state — the Counsellor of the Embassy of the People’s Republic of China in Nigeria, Ms.Dong Hairong— who reiterated Beijing’s formal position in unambiguous terms:

“There is only one China in the world, and Taiwan is an inalienable part of China.”

This intervention anchored the entire discussion within the framework of Chinese sovereignty doctrine and reinforced that diplomatic relations with China are premised on acceptance of the One-China Principle.

Prof. Sam Amadi: Strategic Ambiguity as Diplomatic Reality

Professor Sam Amadi, a policy strategist and law and governance expert, Director, Abuja School of Social and Political Thoughts,
introduced a more analytical framing, arguing that global practice is defined not by clarity but by managed contradiction.

He stated:

“The One-China principle and One-China policy are clear, but difficult to operationalise.”

He further explained:

“What we have today is strategic ambiguity… meaning they acknowledge, but at the same time, they engage.”

For Amadi, the central question for Africa is not ideological but practical:

“Should we foreclose ambiguity and advance a straight One-China principle, which will exclude all kinds of trade and engagement with Taiwan?”

His conclusion favored diplomatic exclusivity with calibrated economic engagement.

Strategic Realism: Why the Status Quo Persists

Despite rhetorical intensity, the Taiwan issue persists in its unresolved form due to structural constraints:

* China cannot accept formal separation without undermining sovereignty doctrine
* Taiwan cannot accept reunification without losing political autonomy
* The United States benefits strategically from ambiguity
* African states largely align diplomatically with Beijing while prioritizing development ties

As Professor Amadi summarized:

“We acknowledge these principles, but we go back there and also deal with Taiwan in trade… using strategic ambiguity.”

Conclusion: History as Contest, Diplomacy as Equilibrium

The Abuja salon underscored a broader truth about the Taiwan question: it is not merely a territorial dispute but a global governance dilemma.

On one side stands China’s categorical assertion, echoed in Abuja:

“There is only one China.”

On the other stands Taiwan’s democratic identity and de facto autonomy.

Between them lies a global system that simultaneously enforces principle and tolerates ambiguity.

As reflected across the Abuja interventions, including those of Prof. Sheriff Ghali Ibrahim, Dr. Segun Showunmi, Prof. Sam Amadi, and the Chinese diplomatic Counsellor, the Taiwan question endures not because it lacks answers — but because every available answer carries strategic consequences the world is unwilling to fully accept.

And so Taiwan remains what it has become in the 21st century: not only a territorial dispute, but a permanent stress test of international order itself.

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