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Nigerian bank shuts down, updates social media accounts to new name

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Titan Trust Bank Limited has officially changed its social media handles to Union Bank of Nigeria, formally ending its existence as a separate entity.

The decision was sealed after the Central Bank of Nigeria (CBN) finally approved its long-awaited merger.

Union Bank said that both institutions will continue to operate under its 108-year-old brand name.

Olufunmilola Aluko, the bank’s head of brand and marketing, said:

“Union Bank has fully absorbed Titan Trust Bank’s operations and assets. The combined institution will continue under the Union Bank brand, while Titan Trust ceases to exist as a separate entity.”

Titan Trust changes socials to Union Bank

Titan Trust on Monday, September 1, updated its social media pages, including X (formerly Twitter), with the message:

“Titan Trust Bank is Now Union Bank of Nigeria! Welcome to a StrongerUnion.”

Customers were assured that account details and banking services would remain unchanged, with management pledging a seamless transition and a stronger focus on digital banking.

The merged bank now has more than 293 service centres, 937 ATMs, and eight million customers across Nigeria.

Union Bank takes over Titan Trust

The merger caps a process that began in 2021 when Titan Trust acquired an 89.4% stake in Union Bank, triggering a mandatory offer for an additional 6.59%.

The firm was subsequently delisted from the Nigerian Exchange in 2023 after 52 years.

The transaction later came under scrutiny after a leaked CBN report alleged that associates of former CBN Governor Godwin Emefiele were involved in Titan Trust’s creation and its takeover of Union Bank.

In January 2024, the CBN dissolved the boards of both banks over governance lapses and appointed Yetunde Oni as Union Bank’s chief executive.

Titan Trust Bank (TTB) was established on December 12, 2018, and began operating fully after obtaining its national banking license on April 26, 2019.

With the new changes, all Titan Trust Bank branches will now carry the merge partner’s logo and branding, and customers can contact Union Bank via email at customerservice@unionbankng.com

In addition, all services already available to Union Bank customers, such as loans, will now be extended to Titan Trust Bank customers.

7 biggest banks in Nigeria in 2025

Earlier, Legit.ng reported that Guaranty Trust Holding Company Plc has emerged as the most valuable commercial bank in Nigeria based on market capitalisation.

Data rom the Nigerian Exchange showed that the combined market capitalisation of seven financial institutions listed on the NGX stood at N13 trillion as of July 18.

Market capitalisation refers to how much a company is worth on the stock market, calculated by multiplying current share price by the outstanding shares.

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Nigerian housekeeper arrested for allegedly stealing money from her employer in Libya

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In Benghazi, Libya, a Nigerian housekeeper was arrested on February 8, 2026, for allegedly stealing from her employer.

Authorities accused her of taking 98,000 dinars from the household.

The incident attracted media attention, raising questions about trust and security in domestic work.

The woman, whose motives remain unclear, was detained pending further investigation. Her story highlights the challenges faced by foreign domestic workers and the importance of proper oversight.

The case serves as a reminder of the fragile boundaries of employer-employee relationships amid economic and social pressures.

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2027: How 3 southern senators scuttled real-time e-transmission of election results — Sources

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Fresh facts have emerged on how the Senate rejected a proposal to make real-time electronic transmission of election results mandatory, ahead of the 2027 general election.

The recommendation, which also triggered wider reforms on election timelines, penalties for electoral offences and voting technology, was voted down by the 10th Senate under the leadership of Senate President, Senator Godswill Akpabio.

At the centre of the controversy is Section 60(3) of the bill, dealing with the transmission of polling unit results. The provision was recommended by the Senate Committee on Electoral Matters, chaired by Senator Simon Lalong (APC, Plateau South).

Sources told Vanguard that during clause-by-clause consideration of the committee’s report, the Senate initially worked on a version that retained real-time electronic transmission.

However, after hours of deliberations and as plenary dragged late into the evening, the final version passed by the Senate was altered at the last minute to expunge the provision.

This, sources said, was even though the Senate had earlier approved electronic transmission overwhelmingly during a closed session.

An ad-hoc committee, chaired by Senator Niyi Adegbonmire, APC (Ondo Central), had also endorsed it after more than one year of consultations.

The Adegbonmire committee engaged INEC, civil society organisations and stakeholders through joint sessions and zonal public hearings, where consensus was reportedly reached that electronic transmission must be explicitly legalised to avoid the legal controversies that trailed the 2023 general elections.

Page 45 of the report of the Senate Committee on Electoral Matters, Clause 60(3) provided: “The Presiding Officer shall electronically transmit the results from each polling unit to the IREV portal in real time and such transmission shall be done after the prescribed Form EC8A has been signed and stamped by the Presiding Officer and/or countersigned by the candidates or polling agents available at the polling unit.”

A source said that when senators got to the clause, many assumed it would pass smoothly, given prior resolutions.
“That was when the unexpected happened,” the source said, adding that three ranking Southern senators allegedly intervened.

According to the source, the senators approached the Senate President and urged him to retain the provision of the 2022 Electoral Act.

Akpabio was said to have upheld the existing law, which allows electronic transmission only after votes are counted and publicly announced at polling units.

Instead of “transmission,” the word “transfer” was adopted, in line with the 2022 Act, even though no fresh debate was conducted on the floor.

The rejected amendment would have mandated real-time upload of results to IReV immediately after completion of Form EC8A.

The adopted provision states: “The Presiding Officer shall transfer the results, including the total number of accredited voters and the results of the ballot, in a manner as prescribed by the commission.”

Senate bows to pressure, to hold emergency sitting tomorrow, instead of Feb 24

However, following the widespread criticisms that have trailed its rejection of a proposed amendment to Clause 60, Subsection 3, of the bill, which sought to make the real time electronic transmission of election results mandatory, the Senate has been forced to reconvene an emergency plenary sitting tomorrow, February 10, 2026, at 12:00 noon.

It had on Wednesday, adjourned plenary till February 24.

The new development to reconvene tomorrow was formally contained in an official notice dated February 8, 2026, signed by the Clerk of the Senate, Emmanuel Odo, on the directive of the President of the Senate, Senator Godswill Akpabio.

The notice to the senators, sighted yesterday, read: “I am directed by President of the Senate, Distinguished Senator Godswill Obot Akpabio, to inform all senators of the Federal Republic of Nigeria that an emergency sitting of the Senate has been scheduled to hold as follows: Date: Tuesday, 10 February, 2026. Time: 12:00 Noon.

“Venue: Senate Chamber. Senators are kindly requested to note this emergency sitting date and attend. All inconveniences this will cause to senators are highly regretted.”

Although the official notice did not state the reason for the emergency session, the timing strongly suggests a connection to the intense national controversy trailing the Senate’s handling of key provisions in the Electoral Act amendment, particularly Section 60(3).

The Senate had adjourned plenary last week after the passage of the Electoral Act (Amendment) Bill, 2026, to allow lawmakers participate in ongoing budget defence sessions by ministries, departments and agencies, MDAs, ahead of the final consideration of the ¦ 58.47 trillion 2026 Appropriation Bill, scheduled for March 17.

Recall that during the clause-by-clause consideration of the Electoral bill, the Senate, presided over by Akpabio, adopted a motion moved by Senate Chief Whip Tahir Monguno, APC, Borno North and seconded by the Deputy Senate President Barau Jibrin, APC, Kano North, to reject the proposed Section 60(3).

The rejected amendment sought to make real-time electronic transmission of election results from polling units to the INEC Result Viewing (IReV) portal mandatory. It proposed that:

“The presiding officer shall electronically transmit the results from each polling unit to the IReV portal in real time, and such transmission shall be done after the prescribed Form EC8A has been signed and stamped by the presiding officer and/or countersigned by candidates or polling unit agents, where available.”

Instead, the Senate retained Section 60(5) of the Electoral Act, 2022, which states.

Parliamentary sources said the Senate must reconvene to approve the votes and proceedings to validate the decisions taken.

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