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Places Caveat On FBN Holdings Records Over Court Case

More Troubles For First Bank As CAC Places Caveat On FBN Holdings Records Over Court Case

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More Troubles For First Bank As CAC Places Caveat On FBN Holdings Records Over Court Case—-The Corporate Affairs Commission (CAC) has placed a caveat on the affairs of FBN Holdings PLC pending the conclusion of a case filed by aggrieved shareholders of the firm.

The CAC made the disclosure in a letter signed by Chidinma Maureen Nwite for the CAC Registra-General, dated September 20, 2023.

The letter addressed to the Principal Partner, Adebayo & Gbadamosi Legal Practitioners. 19, Ebitu Ukiwe Street, Jabi, Abuja read “Dear Sir, RE: NOTIFICATION OF PENDENCY OF SUIT NO: FHC/L/CP/1575/23 AGAINST FBN HOLDINGS PLC, AND SUBSISTING INTERIM ORDERS OF THE FEDERAL HIGH COURT MADE ON THE 9TH DAY OF AUGUST, 2023 RESTRAINING FBN HOLDINGS PLC. FROM HOLDING OR PROCEEDING WITH ITS ANNUAL GENERAL MEETING PURPORTEDLY HELD ON THE 15TH DAY OF AUGUST, 2023

“This is to acknowledge receipt of your letter dated 28th August, 2023 in respect of the above subject matter.

“This is to inform you that the record of FBN Holdings PLC RC: 916455 has been placed on caveat pending the determination of Suit No. FHC/L/CS/1575/2023.

“Please be guided accordingly.

“Chidimma Maureen Nwite FOR: REGISTRAR-GENERAL.”

FBN Holdings has since 2022 been the subject of several court cases challenging its internal governance and shareholding structure, with different shareholders taking the battle to the courtroom.

One of the cases is that of Olusegun Samuel Onagoruwa v. FBN Holdings Plc. (Suit No. FHC/L/CP/1271/2022).

Speaking on the multiple crises rocking the foundation of First Bank, a former Chairman of Asset Management Corporation of Nigeria, AMCON and Senior Advocate of Nigeria, Dr. Muiz Banire accused the first generation financial institution of promoting illegality and flagrant disobedience of court orders, a development shareholders fear poses major threat to the bid by the bank to strengthen its capital base in line with the recent directive of the Central Bank of Nigeria to all banks operating in the country to recapitalize.

Banire who is involved in one of the court cases said “the Bank seems to now have a reputation of defying court orders. What I just read is similar to the case Iam handling also. The Bank appears to be building a reputation of lawlessness and by the time it boomerangs, the bank and by extension the shareholders will bear the brunt. I am sure the plaintiffs will not allow them to get away with the illegality. The case of the bank is becoming a bubble.”

He further said “I also believe the CBN is aiding and abetting the Board of Directors the apex bank imposed. Everything the Board is doing is beyond their mandate. The Apex Bank needs to dissolve the Board and allow the shareholders to choose their Directors. It is one illegality after another.”

According to one of the workers union leaders in the bank, “as the tenure of the imposed directors is expiring, the same illegitimate Management of FBN, whose legitimacy is being challenged, has gone further, during the pendency of the cases challenging their competence to lead the bank, to arbitrarily appoint further five independent directors. Where they derived the power from remains a mystery.

“Mismanagement and manipulation of shares are also being alleged in some of the cases pending against the bank while the legality of the AGMs and the imposed board of directors remain a challenge.”

The union leader expressed the fear that the spate of litigations and board squabbles currently rocking the bank may bring a quick collapse of the over 100-year- old bank.

Also speaking on the development, a shareholder, Mr. Olalekan Babalola, said “it is imperative for the authorities to find a solution to this lingering crisis as Nigeria cannot afford another major bank’s collapse at this critical time when President Bola Tinubu is working hard to revamp the nation’s crumbling economy. This is because the current crisis will definitely impede the bank from getting the new Central Bank’s capitilisation threshold.”

He called for urgent resolution of all court cases in the overall interest of depositors, shareholders and other stakeholders of the bank before further damage is done to the oldest Nigerian bank.

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BREAKING: After 23 Years Cristiano Ronaldo Announces Retirement From International Football

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BREAKING: After 23 Years Cristiano Ronaldo Announces Retirement From International Football—-The Portugal captain brings an extraordinary international career to an end after announcing he will hand over the iconic No. 7 shirt following the November international break, leaving behind 234 appearances and a record 146 goals.

Football legend Cristiano Ronaldo has officially announced his retirement from international football, bringing the curtain down on an illustrious 23-year career with the Portugal national team.

The 41-year-old forward confirmed his decision on Thursday, November 5, 2026, through an emotional video message shared on his social media platforms, revealing that he will hand over Portugal’s iconic No. 7 shirt after the November international break.

Ronaldo’s announcement marks the end of one of the most remarkable international careers in football history, having represented his country since making his senior debut in August 2003.

In his farewell message, the five-time Ballon d’Or winner reflected on the privilege of representing Portugal for more than two decades.

“The day has come to hand back the number 7 shirt of our national team,” Ronaldo said, acknowledging the responsibility and pride that came with wearing the famous jersey for 23 years.

Ronaldo Retires as International Football’s Greatest Goalscorer

Ronaldo leaves international football holding the records for the most appearances and goals in men’s international history.

The Al-Nassr forward made 234 appearances for Portugal, scoring an extraordinary 146 goals during his 23-year international journey.

His remarkable numbers place him at the summit of international football, having consistently delivered goals and memorable performances across multiple generations of the Portuguese national team.

He also represented Portugal at six FIFA World Cups and became the first player to score at five different editions of the competition.

Euro 2016 Triumph Remains His Greatest International Achievement

One of the defining moments of Ronaldo’s international career came in 2016 when he captained Portugal to their first-ever European Championship title.

Despite being forced off through injury during the final against France, Ronaldo remained involved from the sidelines as Portugal secured a historic 1–0 victory after extra time through Éder’s memorable goal.

He subsequently guided Portugal to UEFA Nations League glory in 2019 and again in 2025, adding two more major international honours to his collection.

Those achievements cemented his legacy as one of the most influential figures in Portuguese football history.

A Difficult Final Chapter for the Portugal Captain

Ronaldo’s announcement comes after a turbulent period surrounding his relationship with Portugal head coach Jorge Jesus.

The forward’s final chapter with the national team had attracted considerable attention following reports of disagreements during the previous international window.

However, his decision to retire brings an end to a career that has been defined by extraordinary achievements, individual records and an enduring commitment to representing his country.

Ronaldo’s Club Career Continues at Al-Nassr

Although his international journey is coming to an end, Ronaldo has not announced his retirement from professional football.

The Portuguese superstar remains contracted to Saudi Arabian club Al-Nassr, where he continues to pursue further goals and trophies at club level.

His international retirement will allow Portugal to begin preparing for life without their long-serving captain, while the responsibility of wearing the iconic No. 7 shirt will eventually pass to another generation.

End of an Extraordinary Era

For more than two decades, Ronaldo carried the hopes of an entire nation, delivering unforgettable goals, historic victories and moments that helped transform Portugal into a major force in international football.

From his emotional debut in 2003 to lifting the European Championship trophy in 2016, his journey with the national team has been filled with remarkable milestones.

Now, at 41, one of football’s greatest careers at international level is reaching its conclusion.

Cristiano Ronaldo’s Portugal legacy:

  • International appearances: 234
  • International goals: 146
  • Major trophies: Euro 2016, UEFA Nations League 2019 and 2025
  • International career: 2003–2026
  • World Cups: Six appearances

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The Modern Agent’s Guide to Real Estate Leads (Without Losing Your Mind or Budget)

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If you ask ten different agents how they find new clients, you’ll probably get ten different answers, and half of them will sound exhausting. One person swears by cold calling strangers at dinner time, another spends thousands a month on digital ads that yield window shoppers, and a third insists you need to dance on social media five times a day.

It is no wonder so many agents feel burned out before lunch.

If you are tired of throwing money at platforms that do not deliver, or if you simply want a saner way to grow your business, you are in the right place. Effective lead generation for real estate does not require a massive marketing budget or a 24-hour hustle mentality. It requires a clear strategy, a bit of consistency, and a shift in focus from collecting random names to building actual human connections.

Here is how you can build a modern lead generation machine without losing your sanity—or your hard-earned savings.


Step 1: Fix Your Foundation (Your Current Sphere)

Before you spend a single dollar on outside advertising, look at the people who already know your name. Too many agents chase cold leads while completely ignoring past clients, friends, family, and local acquaintances.

Your past clients and personal network are your highest-converting assets. They already trust you, which means you do not have to spend weeks convincing them you know what you are doing.

Instead of sending generic holiday postcards or automated newsletters that end up in the spam folder, try reaching out with genuine value. Send a quick text to ask how they like their backyard during the summer, or email a hyper-local market update focusing only on their specific neighborhood. Consistency matters here. When you stay top-of-mind in a helpful, non-pushy way, you become the obvious choice when someone asks them for a recommendation.

Step 2: Choose Your Channel (And Ignore the Rest)

The biggest trap in modern real estate marketing is shiny object syndrome. Every week, a new software, a new social platform, or a new guru promises that this is the secret to instant pipelines.

Stop trying to do everything. You cannot be everywhere at once, and trying to master Instagram, TikTok, LinkedIn, YouTube, direct mail, and geo-farming all at the same time is a recipe for burnout.

Pick one or two channels that genuinely fit your personality and strengths:

  • If you love writing and explaining things: Start a local blog or a weekly email newsletter highlighting hidden gems in your town, local restaurant openings, and realistic market trends.
  • If you are comfortable on camera: Lean into short-form or long-form video to show neighborhood tours and answer common buyer questions.
  • If you prefer face-to-face interaction: Focus on local networking, volunteering, or community events.

When you focus on just a couple of avenues, you can put your actual energy into making them good instead of spreading yourself too thin.

Step 3: Shift from “Selling” to “Solving”

Nobody wakes up in the morning thinking, “I really want to talk to a salesperson today.” People care about their own problems—moving closer to family, finding a better school district, downsizing after retirement, or figuring out how to buy a home when interest rates feel intimidating.

Effective lead generation for real estate isn’t about pitching your services. It’s about positioning yourself as a problem solver.

When you create content or talk to prospective clients, address their actual friction points. Put together a simple, honest guide on what it takes to buy a fixer-upper in your market. Record a short video explaining what happens to property taxes after a purchase. Answer the questions people are too embarrassed to ask their lenders or agents.

When you make your marketing genuinely educational and useful, you attract informed, motivated people who already respect your expertise before you even hop on a call.

Step 4: Master the Art of the Follow-Up

You can have the best marketing funnel in the world, but if your follow-up process is messy, your efforts will fall flat. Many leads do not buy or sell immediately. They might be six months—or two years—away from making a move.

Most agents give up after two or three attempts. They make a call, send an email, get no response, and write the lead off as dead.

A sustainable follow-up system doesn’t mean harassing people until they block your number. It means setting up gentle, long-term touchpoints. Use a CRM to remind yourself to check in when something relevant happens—like a drop in interest rates, a change in local inventory, or even just a birthday. Treat your pipeline like a garden: you plant the seeds, water them consistently, and give them time to grow.

Step 5: Protect Your Budget

It is remarkably easy to hemorrhage money on digital ads that generate low-quality inquiries. If you decide to use paid advertising, treat it like an experiment rather than a magic wand.

Start with a very small budget. Track your return on investment ruthlessly. If you spend $500 on ads and get a dozen leads who only want to waste your time or cannot qualify for a mortgage, stop spending that money.

Organic methods—like community involvement, strategic partnerships with local businesses (like home inspectors, mortgage brokers, or contractors), and nurturing your database—often cost nothing except your time, yet they yield much higher quality clients in the long run.


Finding Balance in a Fast-Moving Industry

Real estate is a demanding career, and it is entirely too easy to let your work consume your entire life under the guise of “hustling for leads.”

True long-term success comes from building predictable, sustainable habits rather than running yourself ragged chasing every new trend. Focus on helping people, keep your expenses reasonable, and remember that building a real estate business is a marathon, not a sprint.

Take a deep breath, pick a strategy that feels authentic to who you are, and start there. Your sanity—and your bank account—will thank you.

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