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CBA Foundation says man’s inhumanity to man is at its worst in the way in-laws treat widows
After Mrs kumbaya (name changed to protect her identity) lost her husband at work in 2005, she was accused of killing him. The accusation did not come from her husband’s brothers but his sister, who had earlier lost her own husband. It took the combined hard work of the brothers to get their sister off the back of her fellow widow. They told their sister pointedly that she too could face the same accusation she was levelling against their sister-in-law, since her husband was deceased too.This real incident underlines one of the greatest puzzles of the twenty-first century: How people who themselves or their mother or children or relatives are victims or could be victims of the dehumanising treatment of widows condone, live with, encourage and perpetuate the horrendous denigration inflicted on widows by their in-laws. The continued existence of this kind of situation of dog eat dog, or rather man’s inhumanity to man, makes one wonder if Aristotle also considered (Nigerian) in-laws when he asserted that man is a rational animal. There is absolutely nothing rational about the dehumanisation widows are subjected to by their in-laws in this clime.A man, who through marriage has become one with the woman he marries, dies, leaving behind his wife and five children (three boys and two girls – this fact is only being added to show that the gender of the children may not even be a factor in how the widow is treated). Almost immediately his siblings and other blood relatives swoop on whatever assets of his they can lay their hands on. If a family meeting is convened, it is not to discuss the welfare of their late brother’s wife and children, who all bear the family name as part of their extended family. No, that is an agenda item for meetings convened by angels, not in-laws of widows. What in-laws of widows convene family meetings for is to make sure they have not missed out any of the assets their late brother could have had. That is how kind in-laws are to a widow.If Mrs Kumbaya thought her case was going to be different because her brothers-in-law defended and protected her from their sister, then she apparently may have ascribed angelic virtues to her husband’s brothers. For, as it turned out, that act of defence and protection from their sister was the only kindness the brothers of Mrs Kumbaya’s late husband extended to her. They never helped or asked after her and her children’s welfare after that. Not even when things became so difficult that she could no longer pay her house rent and ended up on the street.Maybe Mrs Kumbaya should even count herself lucky. Stories abound of widows who had been abused, molested, raped or “shared” by in-laws as part of the property left behind by their late brother. There are stories of widows, falsely accused of killing their husbands, being locked up by in-laws in police cells and the keys thrown into the sea, as it were. What about widows forced to drink the water used to wash the corpse of their husband as proof that they had no hand in their husband’s death. Or the ones forced to spend days and nights in the same room with the corpse of their husband.Nigeria is not exactly a safe haven for women. What with the prevalence of harmful cultural orientations and practices against the female gender, such as preference of the male child to the female child, female circumcision, FGM (female genital mutilation), forced marriage and denial of inheritance, succession and other rights the male gender takes for granted. Generally, Nigeria is not a friendly environment for women, least of all widows considered to be a highly vulnerable group. In fact, Nigeria is said to be one of the least safe places for women in the world with a survey by the Thomson Reuters Foundation conducted in 2018 ranking Nigeria as the ninth most dangerous country in the world for women.The dehumanising treatment of widows is part of what the Violence Against Persons (Prohibition) Act, passed in 2015, was intended to stop. The Act, more commonly referred to as the VAPP Act or law, categorises emotional, verbal and psychological abuse as offences and is considered by many legal experts and advocacy groups to be a comprehensive tool for addressing all forms of violence and abuse against all persons. The law seeks to do so by providing maximum protection from violence of various forms against all persons irrespective of tribe, socio-economic class, religion and gender and offering effective remedies (financial compensation) for victims of violence and appropriate punishment (globally acceptable deterrents) for offenders.It is not known how much of the general population, including in-laws who routinely dehumanise widows, is aware of the VAPP law. While ignorance of the law offers no excuse in a court of law, it is imperative that more enlightenment be created on the existence of the VAPP Act and all its provisions against many of the inimical practices that in-laws perpetrate against widows in the name of culture. Maybe, just maybe, some in-laws, who are themselves uncomfortable with those practices but take part because of family and community pressure, could be emboldened by knowledge of the Act to become advocates and campaigners against such practices.Back to Mrs Kumbaya, for those concerned about her and what must have happened to her after she ended up on the street. They can heave a sigh of relief that the good Lord sent his angel in the form of the Chinwe Bode-Akinwande Foundation (CBA Foundation) and they took her off the street. Mrs Kumbaya now lives in an apartment rented for her by the Foundation, which also supplied her a mattress, other household items and food stuff.The CBA Foundation, founded in 2015, the same year the VAPP Act was enacted, is a strong advocate for the enforcement of the Act. Along other civil society groups, it is pushing for the domestication of the Act in states of the federation that are yet to enact a similar act. Rigorous enforcement of the VAPP law across the federation will undoubtedly accelerate the mission of the Foundation, which is to promote “the protection of [underprivileged] widows and their vulnerable children in Nigeria, to promote immediate and lasting hope, confidence and courage in their lives.” The Foundation pursues its mission under its 5-point agenda of women empowerment/capacity building, health intervention, nutrition, quality basic education and a self-employment scheme.This piece is not intended to demonise in-laws. The writer is himself an in-law by multiples. It is to call for a change of heart and attitude in society, particularly among in-laws, towards widows, knowing that we, our mothers, daughters, neighbours, friends are or could become widows. In-laws should join public-spirited people across the country in supporting the CBA Foundation in its advocacy for enforcement of the VAPP law and in providing succour for underprivileged widows and their vulnerable children. There are many Mrs Kumbayas out there but the resources and reach of angels such as CBA Foundation are limited. Men and women of goodwill, including in-laws who have now seen the light, can extend the Foundation’s resources and reach by supporting it in its mission. Contact the Foundation today by sending an email to them at: [email protected].
Zenith Bank Plc has released its unaudited financial results for the nine months ended 30 September 2025, with a remarkable 16% year-on-year growth in gross earnings from N2.9 trillion recorded in Q3 2024 to N3.4 trillion in Q3 2025. The Group’s performance continues to demonstrate resilience, strong momentum, disciplined execution and an ability to deliver long-term shareholder value in spite of challenging macroeconomic environment.According to the financial results presented to the Nigerian Exchange (NGX), the growth in gross earnings was driven by a sustained growth in interest income which grew by 41% year-on-year to N2.7 trillion. The growth in interest income was supported by a high-yield rate environment and an expansion in the Bank’s investment portfolio. Despite the increase in interest expense by 22% to N814 billion on the back of a tightening monetary cycle and a growth in the Bank’s funding base, the Bank was able to achieve a healthy Net Interest Margin (NIM) of 12% as against 10% in September 2024. Non-interest income declined by 38% to N535 billion, underpinned by a 60% decline in trading gains.Profitability remained strong, with profit before tax at N917 billion as against N1.00 trillion reported in September 2024. Profit after tax also declined by 8% to N764 billion and Earnings Per Share (EPS) came in at N18.60 as against N26.34 in September 2024, as the Bank took bold measures to improve the quality of its loan portfolio.The Bank’s total assets grew by 4% from N30 trillion in December 2024 to N31 trillion as at September 2025. This was largely supported by customer deposits, which rose by 8% to N23.7 trillion within the same period. Gross loans declined by 9% to N10 trillion as at September 2025, while Non-Performing Loan (NPL) ratio improved to 3% due to the write-off of non-performing loans.Return on Average Equity (ROAE) and Return on Average Assets (ROAA) stood at 23.3% and 3.3% respectively. Cost of funds increased to 4.5%, underscored by the broader elevated interest rate environment. The Group’s cost of risk stood at 10% while cost-to-income ratio rose to 45%.Coverage ratio and liquidity ratio remain solid and well within regulatory limits at 211.1% and 53% respectively. This highlights the Bank’s strong capital position and liquidity profile as well as its ability to fund strategic growth opportunities. It also reflects its unwavering commitment to a prudent risk management, compliance and corporate governance culture. Commenting on the results, the Group Managing Director/CEO, Dame Dr. Adaora Umeoji, OON, said: “the Bank’s robust performance is an attestation to the resilience of the Zenith brand, result-driven strategy, and the adaptability of our people in an evolving operating environment. We have fortified our capital base, reset our asset quality, and are well positioned for sustainable and profitable growth”.Looking to Q4 2025, Dame Dr. Umeoji reinforced her optimistic outlook: “This result confirms the resilience of both our business model and our people. We’re on a solid growth path that we expect to maintain through the remainder of the year. Our focus on innovation, digital transformation, and developing solutions that address our clients’ changing needs positions us to capitalise on emerging .
opportunities whilst maintaining our disciplined approach to growth.” She assured shareholders that the robust performance, combined with improved asset quality and the Bank’s strong capital base, positions Zenith Bank to deliver exceptional returns with expectations of sustained value creation. “We’re well placed to sustain this momentum whilst maintaining responsible leadership in the Nigerian banking industry and delivering exceptional value to all our stakeholders.”The Bank’s track record of excellent performance has continued to earn the brand numerous awards, including being recognised as the Number One Bank in Nigeria by Tier-1 Capital for the sixteenth consecutive year in the 2025 Top 1000 World Banks Ranking, published by The Banker and “Nigeria’s Best Bank” at the Euromoney Awards for Excellence 2025. The Bank was also awarded Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards for 2020, 2022 and 2024; Best Bank in Nigeria from 2020 to 2022, 2024 and 2025, in the Global Finance World’s Best Banks Awards; Best Bank for Digital Solutions in Nigeria in the Euromoney Awards 2023; and was listed in the World Finance Top 100 Global Companies in 2023.Further recognitions include Best Commercial Bank, Nigeria for five consecutive years from 2021 to 2025 in the World Finance Banking Awards and Most Sustainable Bank, Nigeria in the International Banker 2023 and 2024 Banking Awards. Additionally, Zenith Bank has been acknowledged as the Best Corporate Governance Bank, Nigeria, in the World Finance Corporate Governance Awards for four consecutive years from 2022 to 2025 and ‘Best in Corporate Governance’ Financial Services’ Africa for four consecutive years from 2020 to 2023 by the Ethical Boardroom.The Bank’s commitment to excellence led to Zenith being also being named the Most Valuable Banking Brand in Nigeria in The Banker’s Top 500 Banking Brands for 2020 and 2021, Bank of the Year 2023 to 2025 at the BusinessDay Banks and Other Financial Institutions (BAFI) Awards, and Retail Bank of the Year for three consecutive years from 2020 to 2022 and 2024 to 2025. The Bank also received the accolades of Best Commercial Bank, Nigeria and Best Innovation in Retail Banking, Nigeria, in the International Banker 2022 Banking Awards, Bank of the Year 2024 by ThisDay Newspaper; Bank of the Year 2024 by New Telegraph Newspaper; and Best in MSME Trade Finance, 2023 by Nairametrics. The Bank’s Hybrid Offer was also adjudged ‘Rights Issue/ Public Offer of the Year at the Nairametrics Capital Market Choice Awards 2025.Zenith Bank has also bagged several non-financial awards including, Most Responsible Organisation in Africa, Best Company in Transparency and Reporting and Best Company in Gender Equality and Women Empowerment at the SERAS CSR Awards Africa 2024.
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Guaranty Trust Holding Company Plc (“GTCO” or “the Group”) has released its Unaudited Consolidated and Separate Financial Statements as of September 30, 2025, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE)
The Group posted profit before tax of ₦900.8billion on the back of strong performance on the core earnings lines of interest income and fee income which grew y-o-y by 25.6% and 16.8% respectively. The strong core-earning performance continued to narrow the y-o-y dip in PBT to 26%, thereby cushioning the impact of the ₦523.2bn fair value gains recognised in Q3-2024, which did not recur in Q3-2025.
The Group recorded growths across all its Asset lines and continues to maintain a well-structured, healthy liquid and diversified balance sheet in all the jurisdictions wherein it operates a Banking franchise, as well as across its Payments, Pension and Funds Management business verticals.
Group’s total assets and shareholders’ funds closed at ₦16.7trillion and ₦3.3trillion, respectively. Capital Adequacy Ratio (CAR) remained very robust and strong, closing at 36.5%, likewise asset quality improved as evidenced by IFRS 9 Stage 3 Loans which closed at 3.3% and 4.4% % at Bank and Group level in Q3-2025 (Bank 3.5%, Group 5.2% in December 2024). Cost of Risk (COR) also improved to 2.2% from 4.9% in December 2024. In specific terms, the Group’s loan book (net) grew by 16.5% from ₦2.79trillion as of December 2024 to ₦3.24trillion in September 2025. Similarly, deposit liabilities grew by 16.0% from ₦10.40trillion to ₦12.06trillion during the same period.
Commenting on the results, the Group Chief Executive Officer of Guaranty Trust Holding Company Plc, Mr. Segun Agbaje, said: “Our third quarter performance underscores the consistency and resilience of our business model, as well as the continued strength of our diversified financial services ecosystem. We are seeing steady, sustainable growth across our banking and non-banking businesses, supported by disciplined execution and a strong focus on operational efficiency. The improvements we have made to our digital and payments infrastructure are enhancing customer experience, deepening engagement, and driving greater integration across our ecosystem.”
He further stated: “Looking ahead, our focus remains on advancing our competitive edge through innovation, operational excellence, and a commitment to superior customer outcomes. With a clear growth trajectory and strong organizational alignment, we are well-positioned to sustain performance momentum and deliver another year of industry-leading results.”
Overall, the Group continues to post one of the best metrics in the Nigerian Financial Services Industry in terms of key financial ratios i.e., Pre-Tax Return on Equity (ROAE) of 39.5%, Pre-Tax Return on Assets (ROAA) of 7.6%, Capital Adequacy Ratio (CAR) of 36.5% and Cost to Income ratio of 28.8%.
Guaranty Trust Holding Company Plc is a leading financial services group with operations across Africa and the United Kingdom. Renowned for its strong corporate governance, innovative financial solutions, and customer-centric approach, GTCO Plc provides a wide range of banking and non-banking services including payments, funds management, and pension fund administration. The Group is committed to delivering long-term value to stakeholders while driving growth and development across its markets
Access Holdings Plc (“the Group” or “the Company”) today announced its half-year audited financial results for the period ended June 30, 2025.The Group’s financial results for the half year ended June 30, 2025, reflect the resilience of our business model, the diversification of our revenue streams, and the steady progress to the execution of our five-year strategic plan. Gross earnings increased by 13.8% year-on-year to 2.5 trillion in H1 2025 from 2.2₦ ₦ trillion in H1 2024, driven by strong growth in interest income which increased by 38.9% year-on-year to 2.0 trillion from 1.5 billion in H1 2024. Net interest income also increased by 91.8% year-on-year to 984.6 billion in H1 2025 from 513.4 billion in H1 2024. Complementing this performance was a growth in net fees and commission income, which increased by 16.1% year-on-year to 237.7billion in H1 2025 from 204.7 billion in H1 2024. Profit before tax (PBT) and profit after tax (PAT) closed at 320.6 billion and 215.9 billion respectively underscoring the strength and resilience of our business model in the markets we operate in. Key balance sheet indicators remain strong with total assets, customer deposits, loans and advances, and shareholders’ equity closing at 42.4 trillion, 22.9 trillion, 13.2 trillion 3.8 trillion respectively. The Banking group demonstrated resilient performance in H1 2025. Interest income grew by 38.7% year-on-year to 2.0 trillion in H1 2025 from 1.5 trillion in H1 2024. Net interest income increased by 85%, from 536.7 billion in H1 2024 to 992.7 billion in H1 2025. Fee and commission income increased by 27% to 294.9 in H1 2025 from 232.5 billion in H1 2024 driven by increased transaction volumes. Profit before tax (PBT) and profit after tax (PAT) closed at 303.0 billion and 199.3 billion respectively. Banking group subsidiaries contributed 65% to the Banking group’s profit before tax (PBT) in H1 2025. This result highlights our journey towards sustainable performance and execution across our key African and international markets. The Group’s non-banking subsidiaries maintained a strong growth momentum. For Access – ARM Pensions, financial performance was robust, with revenue up 29.9% to 21.0 billion and profit before tax up 65.1% to 13.1 billion. The business delivered a₦ ₦
www.accessbankplc.com solid ROAE of 48.1%, a cost-to-income ratio of 35.1%, and a PBT margin of 62.5%, underscoring strong operational efficiency and profitability. Hydrogen Payments recorded a 40.5% growth in top-line revenue compared to H1 2024. Profit before tax (PBT) grew by 273% year-on-year. The total transaction value processed increased by 211%, reaching 41.1 trillion in H1 2025, up from 13.8 trillion in H1 2024. Access Insurance Brokers has sustained strong momentum, recording a 125% year-on-year increase in gross written premium, 146% growth in revenue, and a 161% improvement in profit before tax (PBT). Oxygen X, the Group’s digital lending arm, has sustained strong momentum since launch in Q3 2024, delivering 5.4 billion in revenue and 2.2 billion in profit before tax in H1 2025. Access Holdings’ businesses are well-positioned to deepen market penetration, expand product offerings, and leverage cross-sell opportunities across the Group to drive continued growth and profitability. The group’s focus remains on driving prudent growth and continued execution of its strategic priorities, scaling its digital and transaction-led income streams, increasing revenue diversification, embedding efficiency, innovation, and disciplined portfolio management across all areas of the business. It will also continue to uphold the highest standards of risk and governance discipline to ensure sustainable profitability.Access Holdings remains confident that it will continue to deliver sustainable value and returns to its shareholders. Its long-term objective is to build a stronger, more agile Group that consistently delivers superior returns, fosters innovation-driven growth, and optimises portfolio performance to create inclusive value across its markets while reaffirming investor confidence in the strength and future of Access Holdings. The Group appreciates the continued trust and support of its shareholders, customers, and employees. Together, the Group is building a stronger future.
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