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FirstBank Wins Thrice at Global Banking and Finance

First Bank of Nigeria Limited, has been awarded the 2021 ‘’Retail Banking CEO of the Year Nigeria”, ‘’Most innovative Retail Banking App
Nigeria” and ‘’Best CSR Bank Nigeria” awards by Global Banking and
Finance magazine.
The respective awards conferred on the bank are in recognition of the
indelible roles it plays in deepening financial inclusion in the
country; advancing the digital banking eco-system as well as impacting
individuals in its host communities with technology to make learning
available to individuals of all ages, amongst many others.
The GlobalBanking and Finance Awards reflect the innovation, achievement,
strategy, progressive and inspirational changes taking place within
the Global Financial community.
The awards were created to recognize companies of all sizes which are
prominent areas of expertise and excellence within the financial
world.
The CEO of FirstBank, Dr. Adesola Adeduntan, commenting on the awards
said, ‘’we are proud to be recognised with these awards, which speak
to the investments we have made over the past years in bolstering our
electronic platforms for our customers; enhancing financial inclusion
through agent banking as well as empowering our communities in the
education space especially by bridging the digital divide through
e-learning initiative.
“These awards are dedicated to all our customers, as the trust they
reposed in us being their bank of first choice in meeting their
business and financial needs has been instrumental to the success we
have achieved in our existence of over 127 years.
“We remain committed to putting You, our customers First as we
contribute to the growth and development of our host communities.”
With its over 750 branches and 100,000 Firstmonie Agent banking
network spread across the nook and cranny of the country, FirstBank’s
robust retail banking framework has been at the forefront of bridging
the financial exclusion gap, thereby empowering Nigerians to carry out
their financial and business-driven activities in contributing to
national growth and development.
Also, in order to put customers ahead in enjoying state of the art
digital banking services, the Bank’s industry-leading banking
application, FirstMobile, is configured with modern banking
functionalities which are regularly upgraded and designed with
self-service features to ease the navigation capability and
proficiency of customers to carry out their respective transactions
with no hassles. The smart banking application is also embedded with a
card protection service for customers to enable and disable cards on
channels, account switch off as well as second-factor authentication
and device registration. With the upgraded FirstMobile, customers can
remotely initiate the request for a new debit card as well as the
replacement of a lost or damaged one.
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FG Disburses N5.12bn Pension Arrears to 90,689 DBS Pensioners

By Tony Obiechina, Abuja
The Federal Government has released funds for the disbursement of N5.12 billion in pension arrears to 90,689 Defined Benefit Scheme (DBS) pensioners under the Pension Transitional Arrangement Directorate.This was contained in a statement by the Head of Corporate Communications of PTAD, Olugbenga Ajayi.
He said that the directorate had finalised the disbursement of the money. The Nigeria Customs Service, the Nigeria Immigration Service, and Prisons Pension Department (CIPPD) pensioners are 8,626, received N276,032, for one-month arrears; the Police, Pension Department (PPD) pensioners are 9,681, received N619,584, for two months as arrears. The Civil Service Pension Department (CSPD) pensioners are 12,773, received N408,736, for one-month arrears, and the Parastatals Pension Department (PAPD) pensioners are 59,609, received N3,814,He said that the payment reaffirms the administration’s commitment to ensuring that pensioners receive their due entitlements in line with the Renewed Hope Agenda of President Bola TinubuAccording to the statement, the approvals align with the President’s Renewed Hope Agenda.“This move shows President Tinubu’s strong commitment to senior citizens’ welfare and marks a new era in DBS pension management,” said PTAD, Executive Secretary, Tolulope Odunaiya.Among the key measures is the immediate implementation of an extra budgetary allocation to enforce new pension rates for DBS pensioners.The President also endorsed the adoption of a proposed pension harmonisation policy, which will be incorporated into the 2026 pension budget. Additionally, health insurance coverage for all DBS pensioners has been approved, ensuring access to essential healthcare services.The proposed reforms include a new pension rate of N32,000 and incremental increases of 10.66% and 12.95% for pensioners from defunct and privatised agencies. Other components of the reform package include harmonisation of pension rates across all DBS pensioners and their enrolment into the National Health Insurance Scheme (NHIS).In June, PTAD announced the successful disbursement of N8.6 billion in pension arrears to 148,625 eligible DBS pensioners across various sectors. The payments reflect the implementation of the N32,000 pension increment approved by President Tinubu in 2024.PTAD had previously settled arrears related to the first pension increment of 20% to 28%, which came into effect in January 2024.COVER
NAF Offensive Decimates 592 Terrorists, Destroys 372 Assets in Eight Months

By David Torough, Abuja
The Nigerian Air Force (NAF) has killed no fewer than 592 terrorists and destroyed 372 enemy assets in Borno within the last eight months, surpassing the total operational gains recorded in 2024.A statement by NAF’s spokesman, Air Commodore Ehimen Ejodame yesterday said the Chief of the Air Staff (CAS), Air Marshal Hasan Abubakar, said this during a courtesy visit to Gov.
Babagana Zulum of Borno. Abubakar said the offensive had destroyed 206 technical vehicles and 166 logistics hubs in deep hostile territory, with coordinated day-and-night strikes from Gonori to Rann, Dikwa to Damboa, Azir to Mallam Fatori.He said the offensive had been boosted by the deployment of A-29 Super Tucano aircraft capable of precision and night missions, Mi-171 helicopters for medical evacuation and logistics, and enhanced intelligence, surveillance and reconnaissance platforms for round-the-clock target tracking.He added that a new Mi-35 gunship was expected to further intensify close-air support for ground troops in the theatre.“Backed by an upgraded fleet and precision night-strike capabilities, NAF aircraft executed 798 combat sorties, clocking over 1,500 operational flight hours in the Air Component of Operation Hadin Kai.“This year, our air war is faster, sharper, and more surgical.“We are taking out high-value targets, crippling their logistics, and hunting down every cell that threatens the peace of the North-East,” he said.The CAS also praised the “Borno Model” of combining community-driven non-kinetic measures with decisive military action, saying it had proven effective in the counter-insurgency campaign.He also inspected facilities at the NAF Base, met with aircrew and ground personnel, and received operational briefings.He reaffirmed the NAF’s commitment to precision air power, intelligence-led operations, and inter-agency collaboration to protect Nigerians.In his response, Gov. Zulum praised the NAF for its sustained air support in degrading terrorist capabilities and protecting communities.According to him, the NAF has been a steadfast partner in their fight against insurgency.“Your operations have saved countless lives and allowed our communities to begin rebuilding.“The people of Borno recognise your sacrifices and stand firmly behind you,” he said.COVER
Over 8,000 Mentally ill Inmates in Custody Nationwide, Says NCoS

By Divine Ndukwe, Abuja
The Nigerian Correctional Service (NCoS) has disclosed that at least 8,246 inmates across the country’s custodial centres are living with mental health conditions.Assistant Controller General of Corrections in charge of Medical Services, Dr.
Glory Essien, revealed the figures yesterday in Abuja during the third public hearing of the Independent Investigative Panel on Alleged Corruption, Abuse of Power, Torture and Other Inhumane Treatment by the NCoS. Essien described incarceration as a deeply stressful experience, noting that the loss of freedom can trigger or worsen mental health conditions. She explained that inmate-leaders are trained to identify and report cases of psychological distress for early intervention, but available resources remain insufficient.“If you’re in a facility housing 500 to 1,000 inmates, with just one doctor or psychologist, monitoring everyone individually is impossible,” she said, citing logistical and funding challenges that hamper adequate care.Similarly, the NCoS Assistant Controller General in charge of Pharmaceutical Services, Mohammed Bashir, acknowledged that drug shortages and limited staffing remain major obstacles despite government funding.He revealed that a psychological services unit has been established, partnering with psychiatric associations to visit major facilities, though resources still fall short of demand.Permanent Secretary in the Ministry of Interior, Dr. Magdalene Ajani, called for urgent private sector support, stressing the need to deploy more psychiatric professionals to underserved states. “Please come to Macedonia and help us,” she appealed to the Nigerian Medical Association and pharmaceutical companies.Meanwhile, in Kwara State, the Nigerian Medical Association (NMA) has expressed alarm over rising mental health issues among doctors, linking the trend to burnout, workplace violence, and poor working conditions.Kwara NMA Chairman, Prof. Olushola Abdulrahman Afolabi, said a significant proportion of doctors experience depression, anxiety and other psychiatric disorders, often without seeking help due to stigma.Former NMA chairman, Prof. Issa Baba Awoye, warned that current figures could be worse than past studies, especially in resource-poor settings.The NMA is advocating for mandatory mental health evaluations for doctors, alongside increased awareness and stigma reduction campaigns. “Our healthcare system can only be as strong as the mental and physical well-being of those who sustain it,” Afolabi stated.Both the NCoS and NMA agree that mental health care must be prioritized, not just for inmates, but for those tasked with caring for the nation.