JaY SON

I'm a young, vibrant, and enthusiastic, aspiring digital marketing consultant, anime lover, Husband & Father #TeamArsenalFC, #foodie #maninmotion.

[JaY SON @JasonDUran87]

@OurFavOnlineDoc I wonder why you can’t just people to balance it rather than presenting extremes. I don’t know anyone who would eat that much vegetables in one go. People there is nothing wrong with mixing it up. You’re not Sheep😁

[Felix Adejimi, MBA @adejimi_felix]

@NationalGridNg We, Nigerians, appreciate your posts about the National Grid.

Please continue the good work.

Eledumare, the God of the indigenous Nigerians, will be with you.

[Chivas Regal Nigeria @ChivasRegalNG]

Proud to back the Gunners, in a smooth finish to the championship.
What trophy is the team lifting at the end of the season?
ChivasRegalNG IRiseWeRise

[JaY SON @JasonDUran87]

@NationalGridNg @IkejaElectric come and answer to your name o, cos I do not understand how you get an average load of 500MW daily and we are still complaining of no power

[JaY SON @JasonDUran87]

@chivasregal any possible events coming up in Nigeria to celebrate the potential @Arsenal league win?

[JaY SON @JasonDUran87]

@StatiSense How many households under each disco will be a more accurate assessment of the distribution

[JaY SON @JasonDUran87]

@NationalGridNg At least una Dey see the light @IkejaElectric you will be judged

[JaY SON @JasonDUran87]

@objectvmedia It’s not enough to catch them, go after the buyers

[JaY SON @JasonDUran87]

@IkejaElectric what’s going on we are already on 48hrs and counting with no power supply

[JaY SON @JasonDUran87]

@channelstv It’s not just the police. All Agencies/MDAs and parastatals have abandoned their core functions for revenue generation

[Ayekooto @DeeOneAyekooto]

"Mallam Farouk has four of his children that he educated in Switzerland at the cost of 5 million Dollars for their secondary school education...."

Aliko Dangote throws up a serious allegation, urges thorough investigation

[Kush Alabi 𓃵™ @KushAlabi]

@heis_fede How far nah? 😆😆😆😆😆

[JaY SON @JasonDUran87]

@FansTribeHQ 🤣hatewatch in the mud

[J. C. Okechukwu @jcokechukwu]

BREAKING: Supreme Court Rules in Favour of Fidelity Bank in Sagecom Case

Remember the case that @SaharaReporters rushed to publish prematurely before it had even gone to trial, and claimed Fidelity bank was facing “imminent” bankruptcy on account of a case that was on its way to the Supreme Court? Yea, that’s the case. It has now gone to trial and Fidelity Bank won the case! See why I was furious at Sahara for being so mischievously unprofessional?

See below 👇🏾

FOR IMMEDIATE RELEASE
December 12, 2025

Fidelity Bank Plc has secured a major legal victory as the Supreme Court of Nigeria today delivered judgment in favour of the Bank in the long-running Fidelity Bank vs. Sagecom Concepts Limited matter. The decision brings definitive closure to a legacy case that has drawn significant attention across the financial sector for more than two decades.

In a motion dated October 8, 2025, the Bank sought clarification from the Supreme Court following consequential orders:
1. An order that the judgment debt be paid in Naira;
2. An order that the interest rate payable be 19.5% rather than 19.5% compounded daily;
3. An order that the exchange rate to be used for conversion be the exchange rate on the date of the High Court judgment rather than the exchange rate on the date of payment in line with the decision of the court in Anibaba v. Dana Airlines;
4. An order that the judgment debt payable be N30,197,286,603.13.
5. An order that the interest on this sum of N30,197,286,603.13 be payable at the rate of 19.5% per annum until settlement of the judgment sum.

In a ruling delivered today, the Supreme Court granted the Bank’s prayers 1, 2 and 3 while refusing to grant prayers 4 and 5. The implication of the above ruling is that the Bank shall pay the judgment sum in Naira at an interest rate of 19.5% per annum rather than the daily compounded rate of 19.5% earlier awarded by the High Court. The Supreme Court also granted the Bank’s prayers for the exchange rate to be the rate applicable on the date of the judgment of the High Court in line with the Supreme Court earlier decision in Anibaba v. Dana Airlines.
The Supreme Court’s clarity brings finality to years of litigation and confirms a liability significantly lower than previously speculated in some quarters.

It is important to state that the between Fidelity Bank and Sagecom Limited originated from a legacy transaction involving the former FSB International Bank, which Fidelity Bank merged with in 2005. The matter arose from a 2002 credit facility extended to G. Cappa Plc and subsequent legal proceedings tied to the collateral property.

The Supreme Court’s clarity brings finality to years of litigation and confirms a liability significantly lower than previously speculated in some quarters. Importantly, the judgment sum may most likely be amortized over several years depending on the agreements reached by both parties. Such an arrangement will be consistent with global best practices, ensuring no material impact on Fidelity Bank’s capital adequacy, liquidity position, or operational resilience.

Throughout the duration of the case, Fidelity Bank’s share price has remained stable, reflecting investor confidence in the Bank’s strong governance framework, prudent risk management practices, and robust financial fundamentals.

Industry experts are of the view that this judgment reaffirms the banks financial strength and its commitment to transparent and responsible governance.

Big congratulations to Fidelity Bank!

@fidelitybankplc

[JaY SON @JasonDUran87]

@DOlusegun Commencement dates especially for the paperless civil service

[JaY SON @JasonDUran87]

@jenniferzeng97 Handkerchief and Glass case

[JaY SON @JasonDUran87]

@_belikebaddy The stick

[JaY SON @JasonDUran87]

Am I the only one wondering but what happened to the expended tax payers money used for the botched national census of 2023

[JaY SON @JasonDUran87]

@IkejaElectric no power for more than 48 hrs, what is going on?