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JAIZ Bank Concludes N10.04bn Private Placement

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By Tony Obiechina, Abuja

Jaiz Bank has successfully listed N10.04 billion from its private placement on the Nigerian Exchange Group (NGX).

This follows regulatory approvals from the Central Bank of Nigeria (CBN), Securities and Exchange Commission (SEC) and NGX.

According to a statement by the bank this milestone places Jaiz Bank among the few banks that have already met the CBN’s revised capital requirements, ahead of the June 2026 deadline.

The bank’s financial position remains robust, with a well-structured, diversified, and resilient balance sheet. Total assets currently stand at N1.06 trillion, while shareholders’ funds have reached N47.

9 billion.

Speaking on the development the Chief Executive Officer, Dr Haruna Musa stated: “This achievement underscores the commitment of the board and management to adding value to our customers by providing bespoke ethical finance solutions.

“Jaiz Bank is well-positioned to compete effectively on all fronts, fulfilling customer needs through ethical and innovative financing. Despite a challenging operating environment, we have demonstrated resilience and achieved remarkable growth across financial and non-financial metrics. This positions us firmly on track to becoming the leading ethical bank in Africa.”

He further emphasized the bank’s strategic focus, saying: “Looking ahead, we will continue strengthening relationships with our loyal customers while attracting new ones. Through our digital platforms, innovative products, and services, we aim to support individuals, businesses, and communities alike.

“Our journey to lead the future of ethical finance in Africa remains unwavering, as we stay committed to excellence and delivering long-term value to all stakeholders.”

Jaiz Bank’s performance metrics highlight its exceptional growth and operational efficiency. Key financial ratios include a Return on Equity (ROE) of 60.74%, a Return on Assets (ROA) of 2.18%.

“This milestone reinforces Jaiz Bank’s position as a leader in ethical banking, further solidifying its commitment to providing innovative financial solutions  while driving long-term sustainable growth”, the statement further added.

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FRSC Targets Over Loading, Dangerous Driving During Yuletide Travels in Katsina   

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The Federal Road Safety Corps (FRSC), Katsina Command says it is targeting drivers who are in the habit of over loading and dangerous driving during the Christmas and New Year celebrations.

The state FRSC Sector Commander, Mr  Aliyu Ma’aji, made this known at a news conference on Tuesday in Katsina.

Ma’aji said that the command was out to ensure zero road traffic deaths and crash-free during the festive period.

He said that the command had organised series of activities at motor parks, Mosques and Churches to enlighten motorists on the risks associated with dangerous driving and over loading.

Ma’aji also reminded prospective

passengers to always speak up against violations of traffic rules, dangerous driving and speeding by drivers in order to save their lives.

“Data indicated more passengers lost their lives than drivers during accidents,” the sector commander said.

He urged prospective passengers to always use faster channels to report road crashes and obstruction to the FRSC for possible rescuing without delay.

According to him, the command light tow truck had been strategically positioned in the event of any unforeseen eventuality.

He also announced that a mobile Court had also been set up for possible prosecution of traffic offenders on the spot.

Ma’aji, however, advised motorists to desist from mixing of goods and passengers in their vehicles, among other traffic violations. (NAN)

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FCTA to Ensure Effective Utilisation of Operational Vehicles by Security Agencies

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The Federal Capital Territory Administration (FCTA) says it has taken steps to ensure effective utilisation of the 100 operational vehicles donated to security agencies in the FCT.

Mr Adamu Gwary, Director of the Security Service Department, FCTA, stated this during the department’s end-of-year news conference in Abuja on Tuesday.

The Minister of the FCT, Mr Nyesom Wike had in July donated 50 operational vehicles, equipped with communication gadgets to security agencies.

On Dec. 12, the minister donated additional 50 new operational vehicles to security agencies, totalling 100 vehicles so far distributed.

Gwary, a fellow of the National Defence College, said that the vehicles were marked to ensure that the FCT Administration gets value for the support given to the security agencies.

“Just yesterday we had a meeting with a service provider, who, through the Presidency, provided a reporting platform of crime statistics format in all our police divisions.

“We looked at it beyond just getting information on crime statistics. We expanded it to cover other components of the FCT Administration’s support to security agencies.

“This will give us a platform to ensure that whatever the administration has provided, particularly vehicular assets to help security agencies to perform optimally, are equally monitored.

“We will put our eyes and ears on those vehicles because they were given to them for the purpose of improving and enhancing the security situation in the FCT,” he said.

He added that when there was a need for the vehicles to be used outside the FCT, it must be connected to security issues affecting the territory, especially cross-border crime.

As Christians around the world prepare for Christmas and new year celebrations, the director called on FCT residents to support and cooperate with security agencies.

He said, “when you see something, say something and we will do something.” (NAN)

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Police Arrest Man for Allegedly Raping 5-yr-old girl in Gombe

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The Nigeria Police, Gombe State Command, says it has arrested a 27-year-old man for allegedly raping a five-year-old girl in Pindiga community in Akko Local Government of the state.

ASP Buhari Abdullahi, the police’s spokesperson in the state said this on Tuesday in Gombe while parading the suspect and others.

Abdullahi said that the suspect had lured the victim to his parlour where he allegedly committed the crime.

He said that the victim was taken to the hospital for medical treatment where doctor also confirmed that she had been violated.

He said the matter was reported Dec. 15 about 8.30am against the suspect at Pingiga police station.

He said that the suspect (names withheld) had lured the 5-year-old to his home and allegedly had sexual intercourse with her.

“However, upon receipt of the complaint the above mentioned suspect was arrested.

“The victim was rushed to cottage hospital for medical treatment and for doctor’s confirmation,” he said.

Abdullahi stated that during the course of investigation, the suspect confessed to the alleged crime and would be charged to court for prosecution.

Besides, the command spokesman paraded 15 other suspects for various crimes ranging from criminal conspiracy, armed robbery, possession of counterfeit Naira notes, amongst others,

Abdullahi restated the command’s commitment to tackling crimes in the state.(NAN)

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