Business

TAJBank Meets and Exceeds CBN’s Capital Mandate – CEO

Published

3 months ago

September 26, 2025

…Lauds CBN On Regulatory Policy Initiatives

Cyril Ogar

TAJBank, Nigeria’s fastest growing non-interest banks, has met the Central Bank of Nigeria’s (CBN’s) new minimum capital requirement for national non-interest banks.

The Managing Director/CEO of the bank, Mr. Hamid Joda, confirmed the capitalization feat during his interactive chat with journalists on the sidelines of an investment summit in Abuja.

With the compliance with the required minimum capital base as directed by the CBN, TAJBank has joined the rank of few banks that had already met or exceeded the CBN’s revised capital thresholds scheduled for enforcement from March 2026 by the apex bank.

Speaking on the achievement, the bank’s CEO enthused: “I am happy to report that through the leadership of our bank’s board, which is led by an industry doyen, Alhaji Tanko Isiaku Gwamna, and support of our valued shareholders and investors, TAJBank has fulfilled the mandatory recapitalization requirement and is now fully prepared for a more customer friendly, innovative banking services delivery to our growing customers nationwide.

“Let me also use this opportunity to commend the CBN Governor, Mr Olayemi Cardoso, and the management of the apex bank for the recapitalization initiative, which by all assessment standards, will reposition Nigerian banks for competitiveness in the rapidly changing global banking space.

“I want to assure all our shareholders, new investors and customers that TAJBank will continue to prioritize their interests in our operations in the management’s sustained drive to add value to every kobo invested in the bank.

“Finally, as our mantra says that our only interest is our customers, we shall be investing more in technological assets, solutions and our human resource to surpass the customers, shareholders and other investors’ expectations through real time delivery of world-class and Shari’ah-compliant financial solutions to meet their needs ”, Joda assured.

It would be recalled that the CBN had in March last year announced the increase in minimum capital requirements for licensed banks in the country as part of its regulatory moves to strengthen the banking sector for improved contributions to Nigeria’s economic growth amid growing uncertainties in the global economic system.

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Business

Combating Corruption Is a Collective Responsibility At All Levels of Governance- RMAFC Boss

Published

7 days ago

December 9, 2025

The Gleamer

Joel Ajayi
Chairman Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) Dr. Mohammed Bello Shehu OFR has reiterated that combating corruption is not the mandate of a single institution; rather, it is a collective responsibility requiring vigilance, integrity, and transparency at all levels of governance

Dr. Shehu made this remarks during a one day sensitisation program, organised by the Anti Corruption and Transparency Unit of the Commission in conjunction with the Independent Corrupt Practices and Other Related Offences Commission (ICPC), on Tuesday, 9th December, 2025, at the RMAFC headquarters in Abuja.

Represented at the occasion by the Secretary to the Commission Nwaze Joseph Okechukwu, the Chairman emphasised that RMAFC occupies a strategic position in Nigeria’s fiscal architecture.

He also said, “As the institution constitutionally empowered to monitor accruals to and disbursement of revenue from the Federation Account, we understand the critical role of ethical conduct in safeguarding public resources.”

According to him, corruption in any form undermines development, distorts fiscal planing, erodes public trust, and ultimately denies citizens the social and economic benefits that government revenues are meant to provide.

Dr. Bello who expressed delight over the convergence of key stakeholders who share a common commitment to strengthen transparency, accountability, and integrity within the national governance landscape further said, “The programme offers an opportunity to strengthen the ethical awareness, understand emerging risks, and recommit ourselves to doing what is right, just, fair and equitable at all times.”

In his opening remarks, the Chairman Anti-Corruption and Transparency Unit (ACTU), Mr. Idris Musa Sariki, who welcomed all stakeholders to the programme, expressed appreciation to the Independent Corrupt Practices and Other related Offences Commission(ICPC) for their continuous guidance and collaboration with ACTU in strengthening transparency and accountability in MDA’s.

He noted that the establishment of ACTU in RMAFC reflects the commitment of the Commission to uphold its core values of integrity, transparency, accountability, professionalism, and patriotism. He added that the ACTU unit of the Commission plays a vital role in promoting ethical conduct, monitoring compliance, and building a work environment where corruption has no space to thrive.

Speaking further, the ACTU Chairman explained that the success of the anti-corruption efforts depends not only on policies and systems but on the daily actions and decisions of every staff and management of the commission. “Today’s programme is timely, essential and provides an opportunity for staff to better understand corruption risks, preventive strategies, and their individual responsibilities as public officers.” He said.

In his contribution, the Director Servicom in the Commission, Mr. Olaye Osayemen encouraged participants to take the one day sensitisation programme seriously in ensuring adherence to the civil service financial regulations.

Highlight of the programme was the presentation of papers by ICPC officials on the “Definition of corruption” by Ozor Ijeomah and “Ethical decision making in doing government business” by Dr Anike Adesina.

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