2027: Atiku faces tough hurdle in choice of running mate

With the African Democratic Congress, ADC, primary elections now over, attention has shifted to who becomes the running mate to the party’s presidential candidate, Atiku Abubakar.

Atiku had picked the current Nigeria Democratic Congress, NDC, presidential candidate, Mr Peter Obi as his running mate in 2019 and former governor of Delta State, Ifeanyi Okowa as his running mate in the 2023 polls.

A few weeks ago, Atiku emerged as the flag bearer of the ADC after polling the highest number of votes in the party’s primary election.

DAILY POST reports that he is said to be thinking towards the South-East, with names like the Director General of the World Trade Organization, WTO, Ngozi Okonjo-Iweala and former Speaker of the House of Representatives, Emeka Ihedioha being mentioned.

Amid these speculations, the Director of Politics at Arise News, Sumner Sambo had said Okonjo-Iweala distanced herself from such a move, stressing that she was unwilling to abandon her current post as WTO DG for a Nigerian political contest.

Okonjo-Iweala assumed the position of the DG of WTO on March 1, 2021, becoming both the first woman and the first African to lead the world trade organization.

She assumed her second term as director-general in September 2023 and her tenure runs until 2029.

However, Sambo said she had communicated her position directly to Atiku’s camp.

Sambo said: “Okonjo-Iweala is not willing to actually leave a lucrative job as DG of the World Trade Organisation to actually consider that.

“She’s made it known to them, and that is understandable because she just resumed in September last year, and she has a tenure that will run for a second term till 2029.”

Emeka Ihedioha

One of the names featuring prominently is the former governor of Imo State and ex-Speaker of the House of Representatives.

Ihedioha, who is also a member of the ADC, is believed to be among those the former Vice President is quietly evaluating as his potential running mate.

South South link with Amaechi 

While speculations are rife that Atiku is looking at the Southeast, there are also claims that he has extended his searchlight towards the South South region.

Atiku is said to be considering a fellow presidential aspirant and former Minister of Transportation who served as a two-term governor of Rivers State, Rotimi Amaechi.

The ADC presidential candidate met with Amaechi behind closed doors on Monday, but details of the meeting were never made public.

However, some believe it has everything to do with the choice of Atiku’s running mate.

Southeast running mate won’t get Atiku votes – APC chieftain, Eli

A chieftain of the All Progressives Congress, APC, Sogbeye Eli, has said shopping for a running mate from the Southeast won’t get Atiku many votes in 2027 due to the influence of Obi in the region.

“Atiku has no room for votes from a vice-presidential candidate from both the South-East and South-West,” he said in an interview.

Dele Momodu portrays self as Atiku’s running mate

Amid the political uncertainty, a chieftain of the ADC and former presidential candidate, Dele Momodu had posted a flyer on his social media page wherein he was portrayed as Atiku’s running mate.

Alongside the flyer, Momodu wrote: “The Attraction of Atiku Abubakar/Dele Momodu ticket”, “The right choice for a greater Nigeria.”

Spare tyre won’t be basis of Atiku picking running mate – Aide

Reacting to the speculations, Atiku’s Special Assistant on Public Communication, Phrank Shaibu, said the ADC presidential candidate would pick his running mate based on competence and not on the usual basis of “spare tyre.”

Speaking with DAILY POST, Shaibu said: “On the question of the Vice Presidential slot, it is far too early to speculate on specific regions or individuals.

“That decision will ultimately be guided by what best serves the national interest and strengthens the mission of rescuing Nigeria.

“What I can say with confidence is that Alhaji Atiku Abubakar understands the enormous responsibilities of leadership. He appreciates that the challenges facing Nigeria today require a competent, experienced, and capable team.

“Therefore, I do not expect the choice of a running mate to be based on symbolism or the outdated notion of a “spare tyre.” Nigeria needs a governing team, not a sole administrator.

“The Vice President must be someone who can contribute meaningfully to governance, policy formulation, economic management, national cohesion, and the overall task of rebuilding the country.

“When the time comes, Nigerians can expect a decision driven by competence, capacity, and the national interest.”

Picking running mate from Southeast Atiku’s strongest option – Lawyer

Contributing to the discussion, a lawyer, Maduabuchi Idam, pointed out that if Atiku wants national cohesion and political balance, picking his running mate from the Southeast is his “strongest option.”

Idam said Atiku can pose a great challenge to Obi’s presidential ambition if he picks a running mate from the Southeast.

“Atiku’s strongest option may be to choose a running mate from the South-East if the objectives are equity, national cohesion, and political balance in the event of victory.

“The South-East would need meaningful representation in his administration to foster a greater sense of inclusion and national belonging.

“A northern presidential ticket without South-East representation is likely to attract criticism and apathy from a significant segment of the South-East electorate.

“Furthermore, if Atiku intends to pose a serious challenge to the influence of Peter Obi in the region, selecting a running mate from the South-East could be a strategic necessity.

“Without such a move, securing the constitutionally required spread of votes, including a substantial share from the region, may prove difficult in the 2027 election

Disclose every ‘incriminating information’ against Peter Obi – Ex-presidential candidate to Okonkwo

Former Presidential candidate of the National Interest Party, Eunice Atuejide, has challenged the African Democratic Congress, ADC, chieftain, Kenneth Okonkwo, to bring up all evidences against Mr Peter Obi in court.

Atuejide threw the challenge on Thursday while fielding questions in an interview on Arise Television’s ‘Prime Time’.

She said she is an ardent supporter of Peter Obi, and does no want to follow anyone with criminal records or a man the public cannot scrutinise.

“I challenge Kenneth Okonkwo to disclose in court everything he has against Peter Obi that incriminates him.

“I want that scrutiny for my children’s sake. I’m following Peter Obi with all my heart, all my life, and I don’t want to follow a man that has criminal records, whom we probably cannot scrutinize.

“One of the reasons I’m happy to do this is that my children are seeing everything. They are happy that mommy is following a man that at least is different from all the other politicians we have known in Nigeria. So, I need Mr Kenneth Okonkwo to absolutely publish everything.

“And I have told my leader that I’m going to demand that he continues this case in court, so that everybody that has every information that incriminates him, I want to see them,” she said.

June 12: Those who served Abacha still relevant, enjoying govt – Rufai Oseni

Arise Television anchor, Rufai Oseni has said that individuals who served under the late military ruler, General Sani Abacha, remain influential in Nigeria’s political landscape.

According to him, they have continued to benefit from government appointments decades after the end of military rule.

Oseni made the comment on Friday in a post on X while reflecting on Nigeria’s Democracy Day celebrations.

He wrote: “Those that served Abacha are still relevant today and enjoying government. They enjoyed the best of military and civilian. Happy democracy day.”

His comment comes as Nigerians mark Democracy Day on June 12, a date set aside to commemorate the struggle for democratic governance and honour the presumed winner of the annulled 1993 presidential election, Chief M.K.O. Abiola.

The Federal Government had also on Thursday declared June 12 as a public holiday in commemoration of Democracy Day.

The announcement was made by the Minister of Interior, Dr. Olubunmi Tunji-Ojo, on behalf of the Federal Government.

DAILY POST reports that the day also serves as a reminder of the country’s transition from military rule to civilian government in 1999.

Recall that General Sani Abacha ruled Nigeria from 1993 until his death in 1998.

His administration remains one of the most controversial periods in the country’s history, marked by allegations of human rights abuses, suppression of political opposition and widespread corruption.

However, several political figures who held positions during the military era have continued to play active roles in subsequent democratic administrations.

Lagos govt dismisses bandit attack rumour, explains school panic

Lagos State Government has appealed for calm following panic in the Ojokoro area of the state over reports of an alleged bandit attack at a school complex, which prompted anxious parents to rush to the premises to check on their children.

Reacting to the incident, the Lagos State Education District I, which supervises 99 public junior and senior secondary schools across the Agege, Alimosho and Ifako-Ijaiye areas, clarified that no case of banditry or kidnapping occurred, describing the situation as a misunderstanding caused by a poorly communicated educational exercise.

According to the district, the incident originated from a weekly co-curricular programme at Ijaiye Ojokoro Junior College, one of the four schools located within the Ojokoro school complex.

The authorities explained that the exercise was designed to educate students on contemporary security issues and often incorporates practical demonstrations to enhance learning and engagement.

However, during Wednesday’s session, a member of the teaching staff reportedly adopted an overly dramatic approach while illustrating the dangers of kidnapping and banditry, inadvertently triggering panic among students and members of the surrounding community.

Officials said the demonstration involved the use of a vehicle and simulated security-style operations, including costumes and behaviour intended to resemble those of criminal elements.

The realistic nature of the exercise reportedly caused confusion, with many students believing the school was under attack and fleeing the premises in fear.

The resulting alarm quickly spread beyond the school environment, leading concerned parents to make frantic inquiries about their children, while residents of nearby communities, including the Lagos State Development and Property Corporation, LSDPC, Estate in Ojokoro, reacted to reports circulating on social media.

In a statement, the Residents Association of the LSDPC Estate acknowledged that the exercise may have been conceived as an educational role-play but criticised its execution, describing it as inappropriate given prevailing security concerns across the country.

The association noted that the teacher involved failed to notify school authorities, staff members and students about the planned dramatization, which included realistic special effects.

“Furthermore, the teacher failed to inform the school authority, other staff, and the rest of the student body about his proposed drama, which included the use of realistic special effects. This lack of communication resulted in severe panic within the school,” the association stated.

“In the ensuing rush to escape what they believed to be a real threat, a large number of students fled into our estate, causing the rowdiness and alarm that many witnessed.

“We want to assure all residents that there was no actual security breach, kidnapping or bandit attack within or around our estate. The police were immediately contacted and are fully involved. The teacher responsible for the false alarm has been taken to the police station for questioning, and the situation has been completely brought under control.”

Authorities maintained that the incident was the result of miscommunication rather than any security threat and reassured parents and residents that students and staff remained safe.

Meanwhile, a visit to the police station where the teacher was reportedly taken showed the staff member present at the facility. However, inquiries into the matter were declined by the Divisional Police Officer, who referred journalists to the spokesperson of the Lagos State Police Command for further information.

DSS, Army foil plot to abduct WAEC students in S’East

WAEC studentsOperatives of the Department of State Services and troops of the Nigerian Army on Wednesday foiled a major attempt by members of the outlawed Eastern Security Network to kidnap scores of students writing the ongoing West African Senior School Certificate Examination in some South-East states.

The targeted schools for the abductions were located in Enugu, Anambra and Imo states.

According to a statement on Thursday, acting on credible intelligence from the DSS, operatives of the secret police and soldiers raided an ESN armoury in the Agbani axis of Enugu State.

The statement added that intelligence revealed that ESN members planned to launch the attacks while wearing National Youth Service Corps uniforms.

“The raid led to the recovery of a cache of high-calibre arms, including eight AK-47 rifles, 12 AK-47 magazines and 323 rounds of 7.62mm special ammunition.

“Also recovered were one smoke grenade launcher, two teargas canisters, 10 NYSC trousers, eight NYSC T-shirts and four NYSC lanyards.

“Intelligence further revealed that members of the terrorist organisation were to attack selected schools in the Southeast region to create the impression that bandits had invaded the region.

“Several members of the organisation were reportedly arrested. Earlier on Tuesday, a team comprising DSS operatives and soldiers, around the Garki area of Enugu, raided another ESN armoury,” the statement read.

It added that a rocket launcher, two rocket-propelled grenade warheads, three RPG chargers and three AK-47 rifles were among the arms recovered by the security team.

“Also recovered by the team were six AK-47 magazines, two handheld grenades, one teargas gun, a baton, two teargas canisters, 270 rounds of NATO 7.62x39mm ammunition, 478 rounds of 7.62x39mm special ammunition, a bandolier and a baton.”

The recoveries came barely a week after DSS operatives arrested five suspected arms couriers linked to gunmen who abducted students and staff of St. Mary’s Catholic School in Papiri Village, Niger State, on November 21, 2025.

Had the planned abduction been carried out, it would have further heightened concerns over the resurgence of school kidnappings in Nigeria, where students have repeatedly been targeted by criminal and terrorist groups in recent years. Several mass abductions from schools across the country have drawn national and international attention, prompting increased security measures around educational institutions.

Democracy Day address: Terror financiers will pay dearly, says Tinubu

President Bola Tinubu has vowed that no mercy will be shown to terror purveyors who enable the killing and kidnapping of innocent Nigerians.

He also issued an ultimatum to bandits, kidnappers and sponsors of terrorism to surrender or face the full force of the Nigerian state, disclosing that his administration had already neutralised over 13,000 terrorists in the past year alone.

Tinubu gave the warning in his national address delivered on the occasion of the country’s 27th consecutive Democracy Day celebration, his fourth as President since 2023.

According to him, although terror-related deaths had declined by 81 per cent since 2015, Friday’s Democracy Day celebration was subdued by the continued captivity of schoolchildren abducted in Oyo and Borno states.

He declared, “To bandits, kidnappers, and sponsors of terror: Surrender or face the full force of the Nigerian State.

“These windows of surrender will not remain open forever. No mercy will be shown to those who trade in the blood of Nigerians.”

The Nigerian leader said his administration had moved beyond training with allies to precision operations on the ground.

“We have moved from training with our allies, the United States, France and other European countries, to precision targeting.

“In Arege, Borno State, we degraded ISWAP’s command centre.

Terror-related deaths are down by 81 per cent since 2015.

“Over 13,000 terrorists have been neutralised in the past year,” he stated.

Tinubu added that despite the neutralisation of terrorists, the door of rehabilitation remained open alongside the door of force.

“Over 124,000 fighters and dependents have laid down their arms since 2023 through Operation Safe Corridor,” he said.

The N5.41tn security allocation in the 2026 budget, Tinubu said, was a statement of national will to crush the current wave of terrorism, which has raged since 2009.

Beyond the budget, he said his administration had approved the recruitment of more than 50,000 new police officers and thousands of military recruits, which, he revealed, was designed to address the persistent gap between the number of security personnel and the security demands of over 230 million Nigerians.

Tinubu acknowledged that even as the country celebrates 27 years of steady democracy, this year’s festive spirit of Democracy Day was weighed down by the continued hostage situation involving school children and teachers kidnapped in Oyo and Borno states, which has now entered its fourth week.

“Though this year’s mood is dampened by the abduction of our children in Oyo and Borno, we remain hopeful for their safe return. Democracy without security is a mirage.

“That is why this administration declared a security emergency and approved the recruitment of more than 50,000 new police officers and thousands of military recruits.

“Our 2026 budget commits N5.41tn, our largest ever, to defence and security. Our administration is ever ready to do much more to secure our people,” he stated.

He called for national unity in the face of the security challenge, rejecting ethnic or religious framing of criminality and urging Nigerians to do the same.

“At a time like this, let us not assign blame or point fingers. Crime has no ethnicity.

“We must stand united and be assured that the enemies of our nation shall soon be history.

“We will triumph over terror and continue to build a more prosperous nation,” he declared.

On the intermittent power crisis of the past three years, the President explained the scale of the challenge he inherited and his response so far.

He said by 2023, the sector was “characterised by chronic generation shortfalls, an unreliable gas supply, and transmission infrastructure so fragile that it could not evacuate available power. Distribution companies were burdened by massive losses and a metering deficit of over four million.

“The result was a sector that generated less than the 13,500 megawatts installed capacity, a sector that transmitted less than it generated, distributed less than it transmitted, and collected revenue far below what it needed to sustain itself,” he added.

Tinubu said in response, he signed the Electricity Act, granting states authority to generate, transmit and distribute power, authorised the Presidential Power Sector Task Force to raise a N4tn bond to settle verified legacy debts, and directed the Rural Electrification Agency, supported by the World Bank and the African Development Bank, to deploy off-grid and mini-grid power to underserved communities, universities, markets and hospitals.

He explained, “To address the problems besetting the sector, I signed the Electricity Act, which grants states authority to generate, transmit, and distribute power.

NNPC reports 24 pipeline theft incidents since 2025

The Nigerian National Petroleum Company Limited has disclosed that it recorded 24 cases of pipeline theft across its network between 2025 and 2026, underscoring the unending threat posed by vandals to the country’s energy infrastructure.

The disclosure was contained in a statement issued on Wednesday by the Chief Corporate Communications Officer of NNPC Ltd., Andy Odeh, following a joint inspection of a vandalised section of the Nigerian Pipelines and Storage Company crude oil pipeline at Pai Community in the Kwali Area Council of the Federal Capital Territory.

According to the statement, 19 cases of pipeline theft were reported in 2025, while five cases have been recorded so far in 2026.

The inspection was conducted by NNPC through its industry-wide security architecture and the Nigerian Pipelines and Storage Company, in collaboration with the Office of the National Security Adviser Special Prosecution Team, the FCT Police Command, the Nigerian Army and other security stakeholders.

The visit followed the arrest of three suspected pipeline vandals in the Piri and Pai communities through a joint operation involving the aforementioned security team. NPSC, a subsidiary of NNPC, owns more than 5,000 kilometres of crude oil and petroleum products pipeline network across the country.

The company stated that pipeline theft across its network has been increasing since 2024, alleging that well-equipped criminals disguising themselves as “NNPC/Federal Government Taskforce for Recovery of Abandoned Pipelines” connive with locals to dig out and steal pipelines.

It added that about nine kilometres of pipeline sections were stolen in 2025 along the Enugu-Makurdi-Yola corridor and between Piri and Izom on the Warri-Kaduna pipeline route.

The company further disclosed that the five cases reported in 2026 occurred at Piri-Kwali and Gwagwalada along the Warri-Kaduna crude oil pipeline segment and at Badanga along the Jos-Gombe pipeline corridor.

Speaking during the inspection, the Group Chief Executive Officer of NNPC, Bayo Ojulari, who was represented by the Chief Interface Officer, Dahiru Sani-Gwarzo, described the arrests as an important step in a broader effort to dismantle criminal networks responsible for attacks on oil and gas infrastructure.

“The industry-wide security architecture has been actively pursuing criminal elements involved in the sabotage of our energy infrastructure. Those apprehended are only a small part of a larger network. Our focus remains on identifying and bringing to justice the masterminds and sponsors behind these criminal activities.

“Beyond the significant economic losses they cause, such acts undermine national development, energy security and investor confidence. We will continue to work closely with our security partners to ensure these crimes are decisively addressed,” he said.

The Commissioner of Police, FCT Command, Ahmed Sanusi, said the operation demonstrated the resolve of security agencies to protect critical national infrastructure and dismantle criminal syndicates involved in pipeline vandalism.

He disclosed that the suspects were apprehended following intensive intelligence gathering, surveillance operations and targeted patrols after reports of interference with sections of the pipeline.

According to him, investigations had already generated valuable leads regarding the sponsors and receivers of the vandalised materials, adding that all individuals connected to the crime would be identified and prosecuted in accordance with the law.

Access Holdings posts N1tn profit, unveils growth plan

Access Holdings posts N1tn profit, unveils growth planAccess Holdings Plc delivered a profit before tax of N1.007tn, underscoring the strength of its diversified platform and expanding earnings base across key markets. Total assets grew to N51.56tn, with customer deposits increasing strongly, reflecting sustained franchise momentum and deepening customer trust.

This was disclosed at its fourth Annual General Meeting on Wednesday, reaffirming its strategic transition toward long-term value creation, balance sheet resilience, and disciplined growth amid a dynamic operating environment.

Speaking at the AGM, the Chairman, Aigboje Aig-Imoukhuede, emphasised that the defining test of a financial institution was not merely its capacity for growth, but its ability to grow profitably, sustainably, and with discipline over time.

He noted that Access Holdings’ performance in 2025 reflected a deliberate approach to strengthening the institution’s long-term fundamentals while maintaining strong financial results.

However, the chairman stressed that the results must be viewed in context. During the year, the group took a prudent decision to accelerate the recognition of legacy exposures and exit regulatory forbearance positions, resulting in elevated impairment charges.

This, he explained, reflected a clear strategic choice to prioritise balance sheet strength and long-term resilience over short-term earnings optimisation.

“Periods of volatility often reveal more about an institution than periods of uninterrupted growth. Our focus remains on building a business that is not only growing but improving in the quality and sustainability of its earnings,” he stated.

The AGM highlighted the group’s continued evolution beyond traditional banking into a diversified financial services ecosystem, with growing contributions from investment management, insurance, and technology-driven platforms.

While banking remains the core earnings engine, new growth verticals, including Access ARM Pensions, Access Insurance Brokers, Oxygen X Finance, and Hydrogen Payments, are expanding the group’s footprint in digital finance, consumer lending, and payments, strengthening its long-term earnings mix and scalability.

This transformation is further anchored on an “ideas-to-ventures” approach, positioning Access Holdings not only as a financial institution of scale, but as a platform for innovation and future growth engines.

Looking ahead, he stated, “The Strategy, From Scale to Value, reflects the natural evolution of our journey. Scale created opportunity, value creation is how we fully realise it.”

The chairman noted that while the group continued to generate strong returns, closing the gap between returns and cost of equity remained central to unlocking shareholder value. He also acknowledged the existence of significant unrealised value within the group’s international subsidiaries, with a clear emphasis on improving market recognition of this intrinsic value.

The board addressed shareholder concerns regarding dividend payments, clarifying that the non-payment of dividends was driven by regulatory alignment and compliance considerations within the banking subsidiary.

Aig-Imoukhuede reaffirmed that this position did not reflect diminished earnings capacity but rather aligned with supervisory expectations and prudent capital management. He assured shareholders of the board’s commitment to resuming dividend payments as soon as regulatory conditions were satisfied.

“Our approach is clear: capital retained today must translate into value delivered tomorrow and sustainable returns to our shareholders,” he said.

Access Holdings also highlighted continued progress in strengthening governance and leadership continuity. During the year, Innocent Ike was appointed Group Managing Director/Chief Executive Officer, while the board was reinforced with the appointment of Ibironke Adeyemi, an Independent Non-Executive Director.

The chairman noted that leadership transitions were executed with stability and alignment, ensuring continuity of strategy, operational resilience, and stakeholder confidence.

The group reiterated its commitment to sustainability as an integral part of its strategy, advancing financial inclusion, supporting Small and Medium-sized Enterprises, and investing in education, the arts, and the creative economy as drivers of long-term economic and societal value.

Despite continuing macroeconomic uncertainties, Access Holdings expressed confidence in its strategic positioning, underpinned by disciplined execution, a diversified business model, and a strengthened capital base.

Aig-Imoukhuede concluded by reaffirming the group’s long-term commitment, saying, “Our responsibility is to justify the confidence of our shareholders by building an institution that endures, one defined by clarity of purpose, discipline of execution, and sustainable value creation over time.

NGX marks World Environment Day with Lagos cleanup exercise

NGX marks World Environment Day with Lagos cleanup exercise

The Nigerian Exchange Group has reinforced its commitment to environmental sustainability through a community cleanup exercise at Marina, Lagos, to commemorate World Environment Day 2026.

The exercise was held in partnership with the Lagos State Waste Management Authority and the Recyclers Association of Nigeria.

The initiative brought together employee volunteers from NGX Group and representatives of both partner organisations to promote responsible waste management, environmental awareness, and community engagement.

Beyond supporting cleaner public spaces and encouraging proper disposal practices, it provided staff with an opportunity to contribute directly to environmental causes, reflecting the group’s commitment to employee volunteering.

Consistent with NGX Group’s Corporate Social Responsibility framework, the cleanup forms part of the group’s environmental pillar, which promotes recycling, awareness, and sustainability-focused interventions.

Speaking on the initiative, the Head of Group Communications and Partnerships, NGX Group, Clifford Akpolo, said sustainability was fundamental to the group’s vision of creating long-term value.

Akpolo said, “This cleanup exercise reflects our commitment to translating that vision into action by supporting environmental stewardship within the communities where we operate.

“Through our collaboration with LAWMA and RAN, we are helping to promote responsible waste management while demonstrating the value of collective action in addressing environmental challenges.”

He noted that collaboration between the private sector and public agencies played an important role in strengthening waste management and recycling systems.

Quest Bank records 29% revenue growth, 23% profit rise

Quest Bank records 29% revenue growth, 23% profit riseQuest Merchant Bank delivered a strong financial performance for the 2025 financial year, with gross earnings increasing by 29 per cent year-on-year to N81.5bn, driven by growth in net interest income and stronger asset yields. Profit before tax expanded by 23 per cent, while operating efficiency improved significantly, with the bank’s cost-to-income ratio improving by 2.3 per cent.

The shareholders approved the bank’s audited financial statements for the year ended December 31, 2025, commending the institution for its strong financial performance, successful recapitalisation, and long-term strategic direction.

The approvals were given during the bank’s 11th Annual General Meeting held recently.

The AGM followed the successful acquisition of the bank by Everquest Acquisition LLP, a special purpose vehicle led by Custodian Investments Plc, as well as the attainment of the Central Bank of Nigeria’s N50bn minimum capital requirement ahead of the regulatory dea

The bank also maintained strong liquidity and asset quality indicators while further strengthening its governance, risk management, and compliance frameworks in response to evolving regulatory expectations and market dynamics.

The Acting Managing Director/Chief Executive Officer, Afolabi Olorode, stated that the bank’s performance reflected a deliberate strategy anchored on operational excellence, client-centricity, innovation, and disciplined execution.

He said, “Our strategic focus remains clear: to build a leading merchant bank anchored on strong capital, innovation, execution excellence, and deep client relationships. With our enhanced capital base and the launch of our 2026–2030 strategic plan, Quest Merchant Bank is exceptionally well-positioned to support critical sectors of the economy while delivering superior value to shareholders and stakeholders alike.”

Olorode added that the bank would continue to deepen its capabilities across corporate and investment banking, wealth management, and global markets, while accelerating investments in technology, talent development, and operational resilience.

Shareholders at the AGM also approved key resolutions, including the payment of dividends, election of directors, and amendments to the bank’s memorandum and articles of association.

In line with its commitment to inclusive development and sustainable impact, the bank expanded its corporate social responsibility initiatives during the year through financial literacy programmes, youth empowerment initiatives, healthcare interventions, and inclusive education partnerships.

Looking ahead, Quest Merchant Bank reaffirmed its commitment to strategic expansion, innovation, and sustainable finance while continuing to support Nigeria’s economic transformation agenda through strategic financial intermediation and advisory services.