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Access Bank acquires Kenya’s major bank

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Access Bank acquires Kenya’s major bank
Acting Group Chief Executive Officer, Access Holdings Plc, Ms. Bolaji Agbede
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Access Bank Plc, the flagship subsidiary  of Access Holdings Plc, has entered into a binding agreement with Kenyan-based KCB Group Plc (KCB) for the acquisition of the entire issued share capital of National Bank of Kenya Limited (NBK) from KCB.

NBK is one of Kenya’s major banks with total assets in excess of $1.1 billion. KCB is also the holding company of KCB Bank Ltd, Kenya’s largest commercial bank.

The parties will be working together in the coming months to fulfil the conditions precedent relating to the Transaction, which include the regulatory approvals of the Central Bank of Nigeria (CBN) and the Central Bank of Kenya.

Sequel to the completion of the transaction, NBK would be combined with Access Bank Kenya Plc to create an enlarged franchise in the pursuit of Access Bank’s strategic objective for the Kenyan and East African markets.

In a regulatory filing yesterday, Access Holdings, stated that the proposed acquisition was in furtherance of its African expansion strategy and will reposition Access Bank as a stronger and significant player in the Kenyan market whilst serving as a regional hub for the East African bloc anchored by a solidified balance sheet.

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Acting Group Chief Executive Officer, Access Holdings Plc, Ms. Bolaji Agbede said the proposed acquisition marks a significant step in the execution of the group’s five-year strategic plan aimed at positioning the bank as Africa’s gateway to the world.

“The deal with NBK, a historically strong and well-known bank in Kenya with a balance sheet in excess of $1.1 billion, presents a compelling opportunity to scale up our growth in the East African market. We remain confident that our investments towards diversifying and strengthening the bank’s long-term earnings profile will deliver significant value for our shareholders, customers, and wider stakeholder groups,” Agbede said.

The latest transaction comes on the heels of recent other acquisitions talks. Access Bank had sealed a deal to acquire the majority equity stake of about 80 per cent in Uganda’s Finance Trust Bank (FTB).

The deal will see Access Bank concurrently acquiring the shares held by FTB’s Institutional Shareholders who have sought to exit to a strategic, long-term shareholder.

The transaction is, however, subject to regulatory approvals by the Central Bank of Nigeria (CBN) and Bank of Uganda. It is expected to close in the first half of the year, following the fulfilment of customary conditions precedent.

Following the anticipated closing of the transaction, Access Bank would own an estimated 80 per cent shareholding in FTB.

Access Bank had earlier this year completed the acquisition of Atlas Mara Zambia in a major move that uplifted the Access Bank Zambia to one of the top five banks in Zambia.

With the completion of acquisition, Atlas Mara Zambia, otherwise known as African Banking Corporation Zambia Limited, became a wholly owned subsidiary of Access Bank Zambia (Access Zambia).

Access Zambia is a subsidiary of Access Bank Plc, the flagship subsidiary of Access Holdings Plc.

Access Holdings had indicated that the integration of Atlas Mara Zambia into the operations of Access Zambia is underway. The integration of the two banks will make Access Zambia one of the top five banks in the country.

Access Bank had also recently partnered with Visa, the world leader in digital payments, to enhance the efficiency of cross-border business-to-business payments, a partnership that will facilitate cross-border payments to some 110 countries globally.

Access Bank’s corporate, commercial and small and medium enterprises (SMEs) customers will be able to adopt Visa B2B Connect platform to send and receive payments to and from 110 countries worldwide in a faster, more efficient and more secured way, thus facilitating seamless global business operations.

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Former Kogi Gov, Ibrahim Idris, dies in UK at 77

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Ibrahim Idris, IBRO, dies in UK
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Kogi State has been thrown into mourning as former Governor of the state,  Ibrahim Idris, fondly called Ibro, has reportedly died in the United Kingdom at 77.

Sources broke the sad news on Sunday, with details of his passing still sketchy as of press time.

Though details regarding the latest development are still sketchy, family sources said Idris had suffered protracted illness.

‎Meanwhile, incumbent Kogi State Governor Ahmed Usman Ododo has condoled with the former governor’s family.

‎In his condolence message, Ododo described the late lawmaker as a man who had made meaningful contributions in politics and business.

‎The governor also recalled his last meeting with the ex-governor in March 2024 during a visit involving political stakeholders from Omala Local Government Area.

Ibro was not just a governor. He was an institution.

From businessman to political colossus, Idris stormed Kogi politics in 2003 when he floored incumbent Abubakar Audu to emerge governor on the platform of the Peoples Democratic Party.

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What followed was a turbulent, dramatic reign.

His 2007 re-election was nullified by the courts after Audu was excluded from the ballot. The Court of Appeal in February 2008 ordered a fresh election. Idris fought back and won the March 2008 re-run, holding on to power until January 2012 when he handed over to Captain Idris Wada.

Born in Idah in 1949, Idris built his name in business before politics — founder of Ibro Trading Company, with tentacles in construction, furniture and hospitality.

He built a furniture factory in Sokoto and Ibro Hotel, reputed to be the first three-star hotel in old Sokoto State.

Fate tested him in 2006 when three of his daughters miraculously survived the ill-fated ADC Airlines Flight 53 crash that killed 96 others. A grateful Ibro called it a “superlative show of mercy” from God.

But tragedy never left him far.

In April 2024, he buried his son, Mohammed Ibrahim Idris, former member of the House of Representatives for Ankpa/Olamaboro/Omala, who died in Abuja shortly after Eid-el-Fitr prayers.

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NDLEA intercepts N3.4bn drugs, arrests fake police officer

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… Records major drug seizures across eight states, FCT

Operatives of the National Drug Law Enforcement Agency, NDLEA, have intercepted more than 1.3 million pills and capsules of tramadol and other opioids, as well as 6,000kg of cannabis, in a series of operations across eight states and the Federal Capital Territory.

The agency said the seizures had a combined street value of more than N3.4 billion.

The operations were conducted in Lagos, Edo, Niger, Delta, Ondo, Gombe and Imo states, as well as the FCT.

The NDLEA Chairman, Brig. Gen. Mohamed Buba Marwa (retd.), commended officers of the various commands for what he described as professionalism and intelligence-driven operations, urging them to sustain the agency’s balanced approach to drug control.

A major highlight of the operations was the interception of 1,200 parcels of Canadian Loud, a potent strain of cannabis, weighing 603.75kg and valued at N1.811 billion.

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The operation also led to the arrest of a 49-year-old suspected drug trafficker, Innocent Ekpe, who allegedly impersonated a senior police officer to evade scrutiny at checkpoints while transporting illicit drugs across state lines.

Ekpe was arrested on Wednesday, September 16, along the Benin-Onitsha Expressway in Asaba, Delta State, with 292.48kg of skunk concealed in his silver Toyota Sienna bus.

According to the agency, preliminary investigation revealed that Ekpe allegedly presented himself as Godwin Emeka, a Deputy Superintendent of Police, using a forged police identification card.

A 39-year-old alleged accomplice, Nduka Joseph, was also arrested.

In Edo State, NDLEA operatives acting on intelligence raided a location along Agbor Road, Benin City, where they arrested 45-year-old Matthew Ossai.

The agency said Ossai allegedly used his auto-repair workshop to store illicit drugs.

Operatives recovered 48kg of Canadian Loud, 152 grammes of methamphetamine and a metal box allegedly used to store the substances.

At the Tin-Can Island Port in Lagos, NDLEA operatives placed a 40-foot container shipped from Montreal, Canada, under surveillance after it arrived on September 12.

A joint physical examination conducted with the Nigeria Customs Service and other security agencies on Wednesday, September 16, led to the discovery of 1,200 parcels of Canadian Loud weighing 603.75kg.

The consignment was concealed inside 31 black jumbo bags loaded into two Toyota Sienna vehicles in the container.

In Niger State, three suspects — Bashir Usman, 20; Abubakar Nuhu, 18; and Abdulrahman Abdulwahab, 18 — were arrested on Tuesday, September 15, during a patrol along the Abuja-Kaduna Expressway at Chachi, Tafa Local Government Area.

The suspects were allegedly found with two locally fabricated AK-47 rifles and a magazine, a locally made pistol with a magazine, and nine rounds of 9mm ammunition concealed in a black travel bag.

Two other suspects, Aminu Isyaku, 23, and Jamilu Habibu, 25, were arrested on Friday, September 18, along the Abaji-Abuja Highway.

The agency said more than 1.1 million assorted tramadol tablets and capsules, codeine syrup, methamphetamine and Exol tablets were recovered from them.

The substances were allegedly concealed in eight sacks and were being transported from Onitsha, Anambra State, to Mararaba, Nasarawa State.

In Lagos, NDLEA operatives arrested Onyeka Ofor at his residence in Aguda, Surulere, on Friday, September 18, with 48,900 pills of tramadol 225mg.

Seven cartons of cannabis sativa weighing 59kg were also intercepted at a logistics company in the state, leading to the arrest of a suspect identified as Luke Ugokwe.

In another operation in Lagos, 43-year-old Ibrahim Hudu was arrested at Apongbo on Thursday, September 17, with 998.38kg of nitrous oxide gas.

In Gombe State, a total of 154,480 capsules of tramadol were recovered from two suspects, Sabi’u Umar, 27, and Hassana Muhammad, 19.

The suspects were arrested at the Barunde area and Gombe Main Market respectively on Friday, September 18.

In Imo State, 25-year-old Ifesinachi Godwin was arrested along the Owerri-Onitsha Road on Friday with 43.85kg of skunk.

Similarly, four suspects — Blessing Effiong, Saviour Peter, David Friday Sunday and Ability Peter Sunday — were arrested during a raid on a two-hectare cannabis farm in Ita-Ogbolu Forest, Ondo State, on Tuesday, September 15.

The NDLEA said 5,000kg of skunk was destroyed during the operation, while 48kg of dried and fresh cannabis was recovered from the location.

Meanwhile, commands and formations of the agency continued their War Against Drug Abuse, WADA, sensitisation campaigns across the country during the week.

The activities included enlightenment lectures for students and staff of St. Ferdinand School, Ogbomoso, Oyo State; Unizik Secondary School, Awka, Anambra State; Scholars Nursery and Primary School, Epe, Lagos State; and Government Technical Training School, Jalingo, Taraba State.

The Delta Ports Command also paid a WADA advocacy visit to traditional ruler, King Couple Mackson Oromoni Mobene III, Pere Ama-Okosu of Ogbe-Ijoh Warri Kingdom, Delta State.

The NDLEA said the sensitisation activities were part of its continued efforts to raise awareness about the dangers of illicit drug use and trafficking.

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Woman allegedly kills husband over plans to marry second wife

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Hafisu Gausu
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A woman identified as Bilkisu Sani has been arrested in Rogo Local Government Area of Kano State over the alleged killing of her husband, Hafisu Gausu, amid reported plans by the deceased to marry another woman.

According to reports, the incident occurred around 7pm on Friday, September 18, 2026, in the Katsalle area of Rogo town.

A resident, Auwal Kazagi Rogo, said residents rushed to the scene after hearing cries from Bilkisu, who reportedly claimed that her husband had been kidnapped and killed.

Kazagi said residents who arrived at the scene found Gausu with an injury to his head. He explained that contrary to the initial claim that the deceased had been slaughtered, residents allegedly found that he had been struck with an object.

He said the police were immediately contacted and subsequently evacuated the body for investigation.

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According to the resident, Gausu had reportedly been planning to marry another woman as his second wife, a decision that allegedly led to repeated disagreements between him and Bilkisu.

Kazagi said the woman had allegedly vowed to prevent the marriage, prompting community elders to intervene in an attempt to resolve the dispute. However, tensions reportedly continued.

The police subsequently arrested Bilkisu as the prime suspect, while investigations into the circumstances surrounding Gausu’s death remain ongoing.

The deceased was buried on Saturday morning in Rogo in accordance with Islamic rites.

Reports indicate that Gausu and Bilkisu had been married for nearly seven years and had two children. Bilkisu is also reportedly pregnant for the deceased.

Sources in the community further claimed that Gausu had asked his prospective bride’s family to bring forward the wedding date by two months because of the reported disagreement with his wife.

The police have yet to conclude their investigation into the incident, and the allegations against Bilkisu remain subject to the outcome of the investigation and any subsequent court proceedings.

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