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Parallex Bank Launches Uyo Branch in Grand Style

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Parallex Bank Limited, a fast-rising commercial bank in Nigeria, has made a significant stride in its expansion efforts with the grand launch of its Uyo branch in Akwa Ibom State on Tuesday, marking a pivotal moment in the institution’s mission to provide limitless banking experience to Nigerians.

The colourful inauguration event had in attendance esteemed members of the Akwa Ibom State Executive Council, led by the Governor, Pastor Umo Eno, Deputy Governor Senator Akon Eyakenyi, and Speaker of the State House of Assembly, Hon. Udeme Otong, among others.

Chairman of the Board of Parallex Bank, Dr. Adeola Phillips, expressed the bank’s commitment to transforming the banking landscape in Nigeria through strategic partnerships and customer-centric initiatives. Highlighting the institution’s remarkable journey from microfinance to commercial banking, Dr. Phillips announced plans for further expansion, as three more branches will be launched soon. She commended the governor and the people of Akwa Ibom State for the warm welcome and assured the governor of the bank’s readiness to support the government’s ARISE agenda.

Dr. Olufemi Bakre, the Managing Director, shed light on Parallex Bank’s customer-centric approach and groundbreaking digital solutions, emphasizing the institution’s unwavering commitment to transparency and value enhancement. He highlighted the effortless account opening process facilitated by the Parallex Bank App and underscored the appealing benefits including free transfers and competitive interest rates tailored for retail customers.

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The Managing Director expressed gratitude towards the state governor for his pivotal role in facilitating the establishment of a Parallex Bank branch in Uyo. He credited the governor for nurturing and endorsing the idea of Parallex Bank in Uyo, heralding it as the dawn of limitless banking experiences for the state and its populace. He declared that Uyo natives and residents now have the liberty to initiate bank account setups with their preferred numbers, avail themselves of 150 free transfers to other accounts monthly, and engage in banking activities devoid of unwarranted charges.

Bakre stressed Parallex Bank’s profound dedication to customer satisfaction, professionalism, and innovation, underpinned by collaborative efforts and strategic partnerships. He explained the bank operates under the principles of speed, execution, executive touch, going the extra mile, digital innovation, and discipline. He emphasized customers should consistently encounter these qualities in their interactions with the bank.

He commended the Board of Directors of the bank for their unwavering support and dedication to the bank’s success, attributing the institution’s rapid growth and profitability to their leadership.

Akwa Ibom State Governor, Pastor Umo Eno, pledged the government’s support for Parallex Bank’s endeavours in the state, emphasising the importance of collaboration in driving economic empowerment and growth for small and medium enterprises. He reiterated the government’s commitment to creating an enabling environment for investment and business development in Akwa Ibom.

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Family Holds 7th Day Remembrance for Late Hajiya Hajara Sulaiman

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Family members, friends, and well-wishers have gathered to mark the seventh-day remembrance (Fidau) of Hajiya Hajara Sulaiman, a revered matriarch who passed away at the age of 98.

 

The solemn occasion, held in accordance with Islamic tradition, was filled with prayers and reflections on a life described by loved ones as devoted, impactful, and deeply rooted in faith. Quoting the Qur’anic verse, “Kullu nafsin za’iqatul maut” (Every soul shall taste death — Qur’an 3:185), family members were reminded of the inevitability of death and the importance of a righteous life.

 

Late Hajiya Hajara Sulaiman was remembered as a pillar of strength within her family and community. Known for her patience, wisdom, and unwavering faith, she played a guiding role in the lives of many. Her teachings emphasized love, respect, and consciousness of Allah—values her family says will continue to shape future generations.

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Relatives described a profound sense of loss since her passing, noting that her absence has left a noticeable void in the home. Her voice, warmth, and presence, they said, are deeply missed. However, they also expressed gratitude for her long life and the peaceful manner in which she returned to her Creator.

 

She is survived by her children Ahmad Tijjani Inuwa, Bashir Muhammad Galadanchi, Ummukulsum Muhammad Inuwa, Imam Inuwa (Gwale), Sa’adatu Muhammad Inuwa, and Maimuna Muhammad Inuwa as well as numerous grandchildren and great-grandchildren.

 

During the remembrance, prayers were offered for her soul, asking Allah to forgive her shortcomings, grant her mercy, and admit her into Jannatul Firdaus. Among the supplications recited were: “Allahumma ighfir laha, warhamha, wa’afiha, wa’fu anha” (O Allah, forgive her, have mercy on her, grant her peace, and pardon her), and “Allahumma aj‘al qabraha rawdatan min riyadil jannah” (O Allah, make her grave a garden from the gardens of Paradise).

 

The family concluded the event with heartfelt prayers, expressing hope that her legacy of faith and kindness will endure. They affirmed that though she has passed on, her memory will continue to live in their hearts.

 

The statement was signed on behalf of the family by Imam Inuwa Gwale.

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Report: FCT Communities Decry Water Scarcity, Call for Intervention

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According to Daily Trust, residents of communities along the Airport Road corridor in the Federal Capital Territory (FCT) have raised alarm over persistent lack of access to potable water, describing the situation as a daily struggle.

 

Communities including Lugbe, Aco Estate, Goza, and Sauka say taps have remained dry for months, forcing households to depend on costly water vendors and unreliable boreholes while awaiting intervention from the FCT Water Board.

 

In Lugbe, one of the worst-hit areas, residents say they feel abandoned despite ongoing water projects across the capital.

Mrs. Grace Adebayo, a resident of Aco Estate, said her family now spends thousands of naira weekly on water.

“We are suffering in silence. The government keeps commissioning projects on television, but nothing is reaching us here,” she said.

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A youth leader in Goza, who spoke anonymously, warned that the crisis is fueling water-borne diseases.

“Our children are falling sick because we rely on shallow wells,” he said.

Another resident, Olugbenga Ajayi, decried failed borehole projects in the area. “Landlords keep digging boreholes without success. It’s a waste of money. We are suffering and need government help,” he said.

 

In Sauka, residents expressed frustration that despite water pipelines running through their community, supply has yet to be extended to their homes.

The residents are calling on the FCT Water Board to urgently expand water distribution to the Airport Road axis, noting that reliance on private vendors is unsustainable.

“We pay taxes and deserve basic amenities like those in the city centre,” a Lugbe resident said.

 

Their plight contrasts with recent high-profile water projects by the FCT Administration. In June 2025, President Bola Tinubu commissioned the $470 million Greater Abuja Water Supply Project, facilitated by FCT Minister Nyesom Wike, who has repeatedly pledged to end water scarcity.

 

The administration also flagged off the rehabilitation of the Phase II Water Treatment Plant at Lower Usman Dam and the N90 billion Bwari Township Water Supply Project, aimed at improving water access across the territory.

 

While authorities recently attributed citywide shortages to a damaged pipeline caused by a private developer, residents along Airport Road insist their communities have long been neglected.

 

They warned that without urgent intervention, the worsening water crisis could further threaten public health and livelihoods.

 

The newspaper said that efforts to reach the FCT waterboard authorities were unsuccessful.

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FG Bans Honorary Degree Holders from Using “Dr” Title

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By Yusuf Danjuma Yunusa

 

 

The Federal Government has prohibited recipients of honorary degrees from using the title “Dr” before their names in official, academic, or professional contexts, warning that violators will be treated as engaging in academic fraud.

 

The Minister of Education, Tunji Alausa, announced the directive on Wednesday in Abuja while briefing State House correspondents after a Federal Executive Council meeting.

 

Alausa said the policy was introduced to address what he described as the growing abuse and politicisation of honorary degrees in Nigeria’s tertiary education system.

 

“The recent trend in the award of honorary degrees has revealed increasing abuse and politicisation of this academic privilege,” he said.

 

He added that honorary degrees were increasingly being used for political patronage, financial inducement and recognition of serving public officials, contrary to established academic ethics.

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“We have seen awards being used for political patronage, for financial gain, and the conferral of honorary degrees on serving public officials, which should not happen,” he said.

 

The minister warned that misrepresentation of honorary degrees as earned academic qualifications would now attract sanctions.

 

“Misrepresentation of honorary degrees as earned academic credentials shall be treated as academic fraud, with legal and reputational consequences,” he stated.

 

Under the new policy, holders of honorary degrees are barred from using “Dr” as a prefix. Instead, they must clearly indicate the honorary nature of the award after their names.

 

He gave examples such as “Chief Louis Clark, D.Lit. (Honoris Causa)” and “Mrs Miriam Adamu, LL.D. Honoris Causa,” noting that the format distinguishes honorary awards from earned doctorates.

 

Alausa further explained that only four categories of honorary degrees are now recognised: Doctor of Laws (LL.D), Doctor of Letters (D.Lit), Doctor of Science (D.Sc), and Doctor of Humanities (D.Arts).

 

He also stated that universities without active postgraduate research programmes leading to PhD awards will no longer be allowed to confer honorary degrees.

 

According to him, the move is aimed at curbing the proliferation of institutions that award honorary doctorates without meeting proper academic standards.

 

The minister added that the Federal Ministry of Education and the National Universities Commission (NUC) will issue implementation guidelines to all universities, while convocation ceremonies will be monitored for compliance.

 

He said a national register of honorary degree recipients will also be published annually to protect the integrity of academic qualifications in the country.

 

Alausa confirmed that the policy has been approved by the Federal Executive Council and is now enforceable nationwide.

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