Tag: bank

28Apr By dthataNo Comments

Health

Sick Man Slumps, Dies In Bank In Rivers; Denied Access To Money For Treatment

Nigerians on social media have expressed outrage after a video of an unidentified man slumped and died in front of a bank in Rivers state went viral. According to an eyewitness, Uwaifo Obiano who share the video on Facebook, the man died due to the unfriendly attitude of the new generation bank staff. MCI gathered that the deceased was allegedly denied access to hold money since Friday 23rd of April 2021, even when he came with his next of kin. He was asked to go to the court to get an affidavit even though courts are not in session due to the ongoing strike. The man was said to have collapsed and died due to hunger, after not being allowed to withdraw, a young lady and two men came to the scene demanding that the bank opens the access door so they could deposit the man’s rema...

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16Apr By dthataNo Comments

News

Gunmen Invade Bank In Anambra, Hoist Biafra Flags

No fewer than 10 gunmen invaded one of the banks in Anambra on Thursday and hoisted Biafra flags after destroying vehicles in the premises. The incident happened at Abagana, Njikoka local government area around 4pm. It was gathered the gunmen shot sporadically but no one was killed. The attack took place barely hours after Indigenous People of Biafra’s (IPOB) leader, Mazi Nnamdi Kanu raised the alarm over alleged DSS’ plan to attack banks in South East. He alleged the ploy was to accuse IPOB of being responsible for it. The shooting in front of the old generation bank scared passersby, customers and staff who took to their heels. The gunmen, according to an eyewitness, drove in black Honda Pilot Sports Utility Vehicle (SUV). The source further said they set fire on a...

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31Mar By dthataNo Comments

Crime

Daredevil Armed Robbers Unleash Mayhem On Bank In Delta, Cart Away Cash, Kill 3 People

Daredevil armed robbers on Tuesday afternoon invaded a new generation bank in Aniocha North Local Government Area of Delta state and carted away some amounts of money yet to be ascertained. The robbers were armed to the teeth, our correspondent gathered. They unleashed mayhem on the bank, destroying properties as workers and customers scampered to safety. Delta Robbery: Armed Robbers Cart Away Millions Of Naira, Kill One, Drive DPO, Policemen Away More facts concerning Tuesday's attack on the Bank at Issele-Uku branch, headquarters of Aniocha North Local Government Area of Delta state by daredevil armed robbers have emerged. The tension forced workers and customers around to scamper to safety. SaharaReporters gathered that the bloody operation which lasted over an hour, l...

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16Mar By dthataNo Comments

Business

EFCC To Demand Bankers’ Asset Declaration Forms June 1

The Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, on Tuesday said the commission will from June 1 be demanding the asset declaration forms of bankers. He said the decision was in line with the provisions of the Bank, Employees Declaration of Asset Act. Bawa disclosed this in an interview with State House correspondents after a meeting he had with the President, Major General Muhammadu Buhari (retd.). The EFCC boss said he was working hard towards creating a new commission that will be different in the way it handles cases. He said he would do his job to ensure that Nigeria is free of financial crimes. He said, “We understood that at the tail end of every financial crime, it is for the criminal to have access to the funds that he or she has ...

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25Feb By MosesianNo Comments

News

Wife of Bank Manager in Secret Wedding Saga Says her Husband was Bewitched by his Mistress

The wife of a Port Harcourt branch manager of a new generation bank has claimed her husband was bewitched by his mistress who he has married secretly. Earlier this year, a video went viral, showing a wife disrupting her husband's secret wedding . Blessing Oko Ikpor, a mother of four, has now told newsmen in Port Harcourt that her husband, Anthony Oko Ikpor, is under a spell cast on him by the mistress. She alleged the mistress deceived him to abandon their 17- year- marriage without any known issues between them. Blessing Oko Ikpor and Anthony Oko Ikpor at their wedding She said the mistress in question is pregnant for her husband. Narrating how the affair between her husband and the mistress started, she said told The Nation: "It all started when the woman ca...

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14Feb By dthataNo Comments

News

Police Blame Bank For Kidnap Of Staff In Katsina

The Katsina State Police Command has blamed one of the old generation banks for the eventual kidnap of one of its staff living at Shagari quarters in the outskirts of Funtua, Katsina State last Thursday. Spokesman of the Command, Superintendent Gambo Isah, told The Nation the failure of the bank to provide decent and secured accommodation for their staff often exposes them to several security risks He said:’’The bank staff was staying outside the metropolitan area, in fact on the outskirts of Funtua that is insecurity prone and the bandits kidnapped him. “In fact, I have called to speak with the manager of the bank. ‘’For somebody who is new in an environment where he is not an indigene of Katsina not even from the North to be employed by the organisation and left to hang o...

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14Feb By MosesianNo Comments

Lifestyle

Lady Shows Off N90 Million Alert she Received as Valentine’s Day Gift

A Nigerian lady has taken to social media to showoff N90 million alert she received from her man as Valentine’s day gift. The lady identified with the handle @Kaila_Walterr on micro blogging platform, Twitter, took to the platform to brag about the huge sum of money she got as a Valentine’s Day present. According to her, she knows nobody will believe her, thus, she had to attach to her post, a screenshot of the bank credit alert as proof.Lady receives N90m alert Posting the screenshot on her Twitter page, she wrote “You all wont believe, so I had to drop prove. I don’t deserve this man, this is too much. I love you baby梁❤️”.

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27Nov By BobbyNo Comments

News

Robbers attack commercial bank in Ondo

A commercial bank in Ode-Irele, headquarters of Irele Local Government area of Ondo State was on Thursday November 26 attacked by robbers.   The armed men numbering about 30 attacked the bank around 4:00pm, shortly after the visit of the Inspector General of Police to the state command.     It was also learnt that the robbers attacked a police station in the community before proceeding to the bank where they carted away an undisclosed amount of cash.   Ondo police spokesperson, Tee Leo-Ikoro confirmed the attack and also disclosed that the robbers blew the armoury of the police facility open with an explosive device and made away with some rifles.     The command’s spokesman who insisted that no fatality was recorded in th...

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18Sep By Czar Owolabi MarcusNo Comments

News

Nigerians express outrage as FG announces on Twitter that bank account owners must undergo compulsory registration exercise

The Federal Government of Nigeria took to Twitter to inform citizens that all account holders in financial Institutions are to undergo another compulsory registration exercise different from BVN. The Nigerian Government said each individual must carry out this registration in all the various financial institutions where they have accounts. The announcement reads: "All account holders in Financial Institutions (Banks, Insurance Companies, etc) are required to obtain, complete and submit Self - Certification Forms to their respective Financial Institutions. "Persons holding accounts in different financial institutions is required to complete & submit the form to each one of the institutions. The forms are required by the relevant financial institutions to carry out due diligen...

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4May By BobbyNo Comments

News

Customers Run for Their Lives as Man with Covid-19 Symptom Collapsed in Bank

There was pandemonium at an FCMB branch in Lagos today after a man showing Covid-19 symptom collapsed causing customers to flee the scene. According to reports, the incident happened at the Onipanu branch of the bank where many customers were reported to have gathered for various transaction. The man was reported to have suddenly developed difficulty in breathing before collapsing to the ground. His temperature was reportedly taken and it was alarmingly high, causing the customers in the bank to run for their lives. A report by TVC News reads: One man had difficulty breathing and collapsed while trying to use the ATM at FCMB Onipanu in Lagos. When the security men checked his temperature, it was alarming. Others waiting to use the ATM took to their heel...

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15Apr By dthataNo Comments

Politics

Nigerians With Over N5,000 In Bank Won’t Get Palliatives – FG

THE Federal Government has said that people with over N5, 000 in their bank account will not benefit from the palliatives to cushion the effect of the lockdown as a result of the COVID-19 pandemic. The government also said that it will be using the mobile networks, to know people that top up the credit units for their phones with may be N100 or less. Besides, the state governments will now be involved in the distribution of food items. Minister of Humanitarian Affairs and Disaster Management, Hajiya Sadiya Farouq stated this while briefing State House correspondents after meeting behind closed doors with President Muhammadu Buhari at the Presidential Villa, Abuja. The Minister also said that the Ministry will now focus on the urban poor as it carries out with President Buhari’s...

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6Apr By BobbyNo Comments

News

AfDB appoints Senegalese DIOUF as acting director communication, external relations

The African Development Bank (AfDB) has appointed of Mrs Nafissatou DIOUF as the Acting Director for Communications and External Relations Department (CERD) of the bank. The AfDB made this known in a statement made available to News Agency of Nigeria (NAN) on Monday. The bank said the appointment of DIOUF took effect from April 1. The statement quoted the AfDB President, Dr Akinwumi Adesina, as saying “Nafissatou is a respected professional in the Communications and External Relations industry. “I look to Nafissatou to steer the Department at this critical moment as the Bank responds to the rapidly changing situation of COVID-19 and to continue the excellent work done to date in the Department,” Adesina said. DIOUF, a Senegalese national, is currently a Division Manager in t...

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28Mar By dthataNo Comments

News

Public Announcement From The Central Bank Of Nigeria To All Bank Customers And Stakeholders

Following the closing down of exercises in the nation because of the spread of Corona-infection the Central Bank of Nigeria has given a notification to the overall population of her arrangement to stay in well-trained as the infection last. The CBN made the declaration on her Facebook and Twitter accounts which read consequently: Following the present effect of the Corona Virus (COVID-19) on the worldwide economy combined with endeavors by the Nigerian Government, remembering incomplete lockdown for certain States and at the Federal level, to check the spread of the infection in Nigeria, the Central Bank of Nigeria (CBN) wishes to advise partners and individuals regarding the Nigerian open that the Bank will stay just getting started during this period. As a mindful open found...

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28Feb By BobbyNo Comments

News

Ex-banker Sentenced to 18 Years in Prison for Fraud

A former Relationship Manager with a bank in Enugu, has been handed an 18 year jail sentence after being arraigned before a Federal High Court in Enugu by the Economic and Financial Crimes Commission (EFCC) on a six-amended-count charge bordering on forgery, altering and giving a loan with defective collateral. EFCC Acting Head of Media and Publicity, Tony Orilade said the convict identified as Onyekachi Nwosu was found guilty on all the six-count charge and sentenced accordingly. He revealed that Nwosu altered several account documents of his friend who he illegally granted loan to enhance his Visa application to United Kingdom. Justice D.V. Agishi who ruled on the case, said the prosecution team proved its case beyond doubt. Orilade said; “On counts one and two, he was se...

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25Feb By dthataNo Comments

Crime

Teenager Steals ₦340,000 After Hiding In Bank’s Toilet Overnight

A 16-year-old boy, Adekunle Ayomikun, who allegedly hid in the toilet of a bank overnight and stole N340,000 was yesterday, remanded at Special Correctional Centre for boys in Oregun, by a Lagos magistrate’s court sitting in Igbosere. The defendant, who is facing a count charge of stealing preferred against him by the Police, was docked before Magistrate K. O. Doja-Ojo. However, the teenager pleaded guilty to the charge against him. When Magistrate Doja-Ojo asked him, how he got into the bank, Ayomikun told her that he entered the bank around 4 pm during banking hours and locked himself in the toilet. He said: “After closing hours at night I went to the bulk room of the bank where I saw money, and I took N340,000 and kept it in my pocket. “I had a lighter with me, so whe...

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21Feb By dthataNo Comments

News

CBN Returns Excess Bank Charges To Customers

The Central Bank of Nigeria (CBN) on Thursday said it has so far recovered over N60 billion from erring banks as excessive charges imposed on customers. The CBN Director of Corporate Communications, Mr. Isaac Okoroafor who attended a two-day customer sensitisation forum in Owerri said the recovery of the excess bank charges was made possible through the bank’s Consumer Protection Department. According to him, the amount was recovered following complaints by 13,000 customers over excess and illegal charges on their accounts by banks. Okoroafor, who also disclosed that the erring banks were meted with various penalties by the CBN, stated that the Apex Bank was determined to ensure that no bank customer was cheated with excessive charges from their banks. He added that the CBN...

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6Feb By BobbyNo Comments

News

Policemen and Others Killed as Robbers Storm Banks in Ondo State

Many were killed today after some dare-devil robbers stormed two banks in Ile Oluji town, the headquarters of Ile Oluji/Oke-Igbo Local Government Area of Ondo State on Thursday February 6. Eyewitnesses who confirmed the attack, said the robbers gained entry into the bank with dynamites. Policemen, a bank security guard and customer were shot dead in the attack. Here are some tweets below;

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1Feb By BobbyNo Comments

News

Man Sentenced to 1 Year Imprisonment For Specializing in Defrauding Nigerians at ATM Points

Justice Bello Duwale of the Sokoto State High Court, Sokoto, has sentenced a fraudster, Bashar Umar Abdullahi (a.k.a Abdu Abdullahi and Bashir Abdullahi) to one year in jail without option of fine for stealing N15, 000.00 (Fifteen Thousand Naira) from his victim via a fraudulent transfer at an ATM gallery. The convict specialized on scamming unsuspecting Automated Teller Machine, (ATM) users who run into difficult transactions at ATM galleries. The Economic and Financial Crimes Commission, EFCC, Sokoto Zonal Office arraigned the convict on September 23, 2019, on amended one-count charge, bordering on cheating and defrauding an unsuspecting victim to the tune of N15, 000.00 at ATM gallery. The charge reads: "That you Bashar Umar Abdullahi (a.k.a Abdu Abdullahi and Bashir Abdull...

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29Jan By BobbyNo Comments

News

Armed Robbers Arrested after Killing a Couple

The Abia State Police Command has arrested and paraded a suspected armed robber identified as Kingsley Emezue alias Pakins alongside his gang members Enyinna Asiegbu (25) and Promise Sunday Obilor a.k.a Esere (26), for reportedly killing a couple before their three children. Abia State's Police Commissioner, Ene Okon told newsmen that the arrested suspects were connected to Sampson Iheukwumere Nwokocha a.k.a Grave, a notorious robber killed in December by the police. He said the suspects who initially relocated after their gang leader was killed, returned to Umuahia in January 2020 after they thought the manhunt for them has been called off. “The gang seemed to have gone on holidays to enjoy their loots and resurfaced around January 10, 2020, in what seems like recouping of ex...

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26Dec By dthataNo Comments

Crime

Colorado Santa Lookalike Robs Bank, Throws Money In Air Shouting Merry Christmas

David Wayne Oliver, pictured in police mug shots with gray-and-white hair and a full white beard, is being held at the El Paso County jail and is set to make his first court appearance on Thursday, jail records showed. A man who dressed as Santa Claus decided to rob a bank and threw the stolen cash in the air while shouting ‘Merry Christmas’ at passersby, according to police. David Wayne Oliver, 65, was arrested at a Starbucks coffee shop after he held up the Academy Bank in Colorado Springs on Monday afternoon, according to a police report. He is currently being held on a $10,000 bond. Police said the suspect had ‘threatened the use of a weapon’ and left the bank with an undisclosed amount of cash. Colorado Springs television station KKTV reported that eyewitness Dion Pas...

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22Dec By Czar Owolabi MarcusNo Comments

News

CBN Drops ATM Withdrawal Fee To N35, Reviews Bank Charges

The Central Bank of Nigeria (CBN) has released its downward review of charges placed on Nigerians for the maintenance of Automated Teller Machines (ATM) cards and the fees for electronic financial transactions. According to the changes made by the CBN, bank customers will henceforth pay N10 for each electronic transfer below N5,000, and N25 for electronic transfer between N5,000 and N50,000. The new rule, which takes effect from Wednesday, January 1, states that electronic transfer above N50,000 will be at the cost of N50. The review of the fees is contained in the apex bank's lastest guide to charges which also reduced the charges for withdrawals through other bank's ATMs from N65 to N35. The N35 ATM fee according to the CBN should be imposed on customers after the third withdr...

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5Nov By dthataNo Comments

Politics

Border Closure: ‘Nigerian Rice Farmers Smiling To The Bank’ – Mustapha Shehuri

The closure of Nigerian borders has energised rice farmers in the country who are now smiling to the bank due, the Minister for State for Agriculture and Rural Development, Mustapha Shehuri, has said. According to a statement sent to PREMIUM TIMES by the agriculture ministry, Mr Shehuri said this at the Livestock House of the ministry in Mando, Kaduna State on Saturday. “They are smiling to the banks with the impressive sales they have recorded and this opportunity has created more jobs, not only in rice production but also livestock and other commodities,” he said. Apart from the closure of the borders, which the minister says has benefitted the rice farmers, the federal government has also implemented major policies to favour local production of rice, Nigeria’s major staple ...

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31Oct By dthataNo Comments

Uncategorized

Nigerian Man Quits His Bank Job For A Life By The Beach Side

A Twitter user with the handle @Qossi_ took to the platform to share a bizarre story of an acquaintance who quit from his bank job. According to the Twitter user, the young man quit his bank job to become a surf instructor for tourist. When queried on why he quit, the young man stated that he is tired of the fiercely competitive struggle in the job. An acquaintance recently quit his bank job as SBO, moved out of his 3 bedroom apartment at Ikeja and relocated to Tarkwa Bay to smoke weed and be a surf instructor for tourist. Far from the life I want but damn you can hear the genuine happiness in his voice when he speaks. Dude said he was tired of the rat race. Plus the tranquil, clean oxygen, the relaxed vibe, etc the beach rings.

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15Oct By dthataNo Comments

Crime

Man Robs Bank A Day Before Wedding To Pay For Venue, Ring

He basically stated that he was getting married tomorrow so he didn’t have enough money for a wedding ring that he wanted to buy and he needed to pay for the wedding venue… A Texas man has been arrested after his fiancée saw a social media post of him robbing a bank the day before his wedding so he could pay for the ring and the venue of his ceremony. Heath Edward Bumpous from Crockett, Texas was charged with aggravated robbery and booked into the Trinity County Jail for allegedly approaching a bank teller at Citizens State Bank in Groveton, Texas, informing them that he had a weapon and then demanding money which he was then subsequently given, according to ABC’s affiliate station in Tyler, Texas KLTV. “He basically stated that he was getting married tomorrow so he didn’t have enou...

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4Oct By Czar Owolabi MarcusNo Comments

News

Man strips in Edo bank as he claims man behind him on queue took his manhood

A yet to be identified middle-aged man narrowly escaped death from angry mob after he was accused of mysteriously causing the disappearance of another man’s genital organ. The incident which occurred on Wednesday in Benin City, Edo State, at one of the new generation banks located along Sapele Road, caused commotion inside the banking hall, when the victim (name withheld), raised the alarm over the alleged disappearance of his genital. He alleged that his genital mysteriously disappeared after the suspect who was behind him on the queue, touched him. The commotion that ensued disrupted banking activities for several minutes, as the man stripped himself naked and wept uncontrollably. The loud noise also attracted youths from the neighbourhood who dragged the suspect outside the banking ...

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2Oct By Czar Owolabi MarcusNo Comments

Crime

One arrested as police foil bank robbery in Lagos

A suspect has been arrested by the Lagos state police command following a failed robbery attack on a bank in Olorunshogo area of Mushin. Police officers from Olosan Police Station led by the Divisional Police Officer, SP Ayodele Arogbo stopped by the bank robbery which was carried out by the arrested suspect identified as Mahmoud Mohammed and his gang members on September 24 around 3.50pm. The robbers who retreated with bullet wounds, came on two motorcycles to rob the bank. Four locally-made short guns and 45 pieces of live ammunition were recovered from Mohammed who confessed to being a member of a gang that specialised in robbing banks and their customers in Lagos and other states. “Once a customer withdraws money from the bank, we will monitor and confirm if it is a huge withd...

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16Aug By dthataNo Comments

Celebs

Burna Boy Launches Own Bank In New York

Burna Boy has just launched his own bank, named ‘Burna Boy’. This was brought to life in collaboration with Spotify, a Swedish digital music service provider. The bank features a unique ATM machine, specially made to dispense Burna notes. The bank was inspired by the artwork of Burna Boy’s latest studio album, African Giant. “The installation features a unique ATM which will be dispensing custom, collectible bills designed by Sajjad Musa. Each bill is inspired by Burna’s Nigerian roots, and his quest to call out corruption and the disproportionate distribution of wealth.” Burna Boy is expected to go live today, Wednesday, August 13, 2019 at 419 Tompkins Ave, Brooklyn, NY 11216 between 6:00pm and 9:00pm. The bank will be available for the general public till Sunday, August 18, ...

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19Jul By BobbyNo Comments

News

SARS Officer Disgraced By A Soldier’s Wife In Ikorodu

Ak, a SARS officer notorious for illegal arrests and extortion, was disgraced by the mom of one of his potential victims, yesterday, in #Ikorodu, Lagos. The incident happened in front of a Polaris bank. The lady and her son had gone to carry out a transaction at the bank, only for AK – attached to State CIID, Mowonla, Ikorodu – to start harassing the boy while waiting for his mom outside the bank. However, when the mom stepped out and saw what was going on, she went rogue on the SARS operatives, who all fled, abandoning A.K, after realizing that she’s the wife of a soldier. It took the intervention of passersby to rescue the officer from her.

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7May By BobbyNo Comments

News

Man Reveals how much he Saved after he gave up Beer

A man gave up alcohol and began saving the money would have used to purchase drinks in a piggy bank. He has now broken the bank to reveal how much he's saved in 124 days of sobriety. Sharing photos of his money, he tweeted: Stayed sober for 124days now.. I put 3,000 in my safe box each time i feel like drinking...and am able to save these up... So happy i can save approximately 357k from not drinking....@BelieveAllCom   He added in a follow-up tweet: "Would have spent 57k out of d 357k last night on drinks with friends.... But i decide to plant it down here."  

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2May By Czar Owolabi MarcusNo Comments

News

What To Do If The ATM Does Not Dispense Your Cash

It is a rare occurrence, but a very frustrating one: When bank customers use an Automated Teller Machine to make a cash withdrawal, they may not receive all, or any, of their requested cash. However, the bank still shows the withdrawal from the customer’s account, according to www.thebalance.com. ATMs occasionally malfunction, such as cash getting stuck in the machine, and sometimes there is fraud involved. These issues almost always get cleared up, but they can create anxiety while you wonder whether or not you would get reimbursed or if the bank will even believe your story. What is more, this mishap could cause financial issues if your account was already running low. How to handle ATM errors In a best-case scenario, the bank or ATM operator will already know that the error occ...

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21Apr By BobbyNo Comments

News

FMBN disburses N58bn, in 24 months

The Federal Mortgage Bank of Nigeria (FMBN) has between April 2017 and March 2019, disbursed mortgage loans totaling N58 billion. A statement signed by Mrs. Zubaida Umar Group Head, Corporate Communications, FMBN said the amount covers the provision of National Housing Fund (NHF) Mortgage Loans to 3,171 Nigerian workers valued at N22.3bn, Home Renovation Loans valued at N16.9 billion to 20,429 Nigerian workers, Estate Development Loans valued at N13.6 billion, Cooperative Development Loans totaling N2.7 billion and Ministerial Pilot Housing Scheme Project at N2.5 billion. The high level of loan disbursements, averaging N29 billion per annum she said “represents a significant increase in performance in comparison to the N152 billion, which the bank had given out over a 24-year period ...

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17Apr By dthataNo Comments

Celebs

No Bank Has Taken Over Hip TV – Ayo Animashaun, Hip TV CEO

With news circulating that the popular tv station has been taken over by a bank, the CEO, Mr Ayo Animashaun has come out to say it's all false. See screenshot of his post below:

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7Apr By BobbyNo Comments

News

How Dangote Withdrew $10million Just To Be Sure He Is Rich

Aliko Dangote isn’t just Africa’s richest man; sometimes he has to prove it to himself, just to be sure. On Saturday, the magnate revealed he once withdrew $10 million from a bank, just to look at it and prove to himself that he is indeed rich. In today’s monetary terms, that’s N3.6 billion, about a third of Lagos’ entire budget last year. He spoke in Abidjan at the Mo Ibrahim Foundation governance weekend, while chatting with Ibrahim himself. “The way it is that your target when you first start business, your target is to make your first million. Fine, I did that,” Dangote said. A year later, he realized he had much more, but all that money was just “written numbers,” he said. Back then there was no restriction requiring banks to report withdrawals or deposits by individ...

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28Mar By BobbyNo Comments

News

Fed Govt, states, local govts share N619.857b

The three tiers of government – federal, states and 774 council areas —yesterday shared N619.857 billion as Federal Allocation for  February. A communiqué issued by the Technical  Sub -Committee of the Federation Accounts Allocation Committee (FAAC) at the end of its February meeting, indicated that the gross statutory revenue received was N478.434 billion.  It was lower than the N505.246 billion received in the previous month by N26.812 billion. Addressing reporters at the end of yesterday’s meeting in Abuja, the Director of Funds in the Office of the Accountant-General of the Federation (OAGF), Muhammed Usman, said: “Federation crude oil export sales increased by about 46 per cent resulting in increased federation revenue from $425.00 million previously to $574.95 million. Shut-in ...

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27Mar By BobbyNo Comments

News

Patience Jonathan vs EFCC: What happened in court on Wednesday

A Federal High Court Lagos on Wednesday, fixed May 22 for further mention of a suit filed by former First Lad, Dame Patience Jonathan, challenging a “No Debit Order” placed on her accounts. Patience had filed the suit in 2016, to challenge the order placed on four Skye Bank (now Polaris Bank Ltd) accounts harbouring a total of 9.8 million dollars, NAN reports. Joined as defendants in the suit are: the Economic and Financial Crimes Commission (EFCC), Polaris Bank Ltd, Pluto Property and Investment Company Ltd, Seagate Property Development and Investment Company Ltd, and Trans Ocean Property and Investment Company Ltd. The plaintif is seeking a declaration that she is owner of the funds in the accounts opened in the names of the third, fourth and fifth defendants, and so, entitled t...

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5Mar By BobbyNo Comments

News

Rejection of election results poses further threat to stock market activities — Analysts

The rejection of the results of the recently concluded presidential election by the main opposition party, Peoples Democratic Party (PDP) poses further threat to trading activities on the Nigeria Stock Exchange (NSE). Analysts at Financial Derivatives Company (FDC) gave this warning while reviewing developments in the stock market following the announcement of President Muhammadu Buhari as winner of the election. They stated: “The NSE All share Index (ASI) endured a three-day losing streak up to February 28th, losing 2.5 percent to close at 31,718.70 points (pts) from 32,515.52 pts on February 22nd, a day before the election. This can be partly attributed to the outcome of the presidential polls. However, the market gained 0.34 percent on March 1st. The rejection of the election resu...

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22Feb By BobbyNo Comments

News

Lawmaker’s Brother Invades CBN With Assault Rifle

The younger brother of Chief Peter Okagbare Uviejitobor, who is a lawmaker, has been arraigned for invading the CBN with an assault rifle. Peter Okagbare Uviejitobor is representing Udu Constituency in the Delta State House of Assembly and candidate of PDP. The suspect Akpevwe, had attempted to break into the Asaba branch of the Central Bank of Nigeria (CBN) with firearms and cart away sensitive electoral materials belonging to INEC. The Police, on Wednesday arraigned him before a Chief Magistrate Court in Asaba,, alongside two other suspects identified as Alfred Joseph and David Ukiri, for illegal possession of firearms. Akpevwe had allegedly made a confessional statement to the Police that his lawmaker brother gave him the gun and Sienna vehicle carrying the official number p...

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20Jan By BobbyNo Comments

News

5 Nigerians Hack Into A Bank, Increase Customer’s Balance From N781,000 To N466,000m

Operatives of the Economic and Financial Crimes Commission have apprehended five hackers who hacked a bank in Nigeria.                                                                The hackers The Economic and Financial Crimes Commission has arrested and arraigned 5 men who hacked into a bank and increased a customer’s balance from N781k to N466m. The suspects identified as; Bashir Abdullahi Mohammed, Oche Ogenyi, Adefila Taofile Kayode, Rabiu Aliko Lawal and Mmadu Mathew, were arraigned before justice Mohammed Tukur of a Kaduna State High Court, on a two-count charge bordering on conspiracy and stealing to the tune of N466m. The suspects who pleaded “not guilty” to the charges and were ordered to be remanded in EFCC custody pending the determination of the bail applicat...

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6Dec By BobbyNo Comments

News

Zenith Bank Wins Best Institution In Sustainability Reporting

Zenith Bank Plc has emerged as the ‘Best Institution in Sustainability Reporting in Africa’ for the second consecutive year.   File: Zenith Bank The bank won the award at this year’s Sustainability, Enterprise and Responsibility Awards, SERAS, held on Saturday, December 1, 2018 at the Muson Centre, Onikan, Lagos in recognition of the publication of its 2017 Sustainability Report. Zenith Bank’s 2017 Sustainability Report entitled, “Sustaining the Strong Momentum” was written in accordance with the new Global Reporting Initiative (GRI) standards. The new Standards is designed to replace the older GRI G4 reporting guidelines and was unveiled in October 2016 by the Global Sustainability Standards Board (GSSB).

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12Nov By BobbyNo Comments

News

Diamond Bank Denies Access Bank Acquisition Rumours

PUBLICATION ON NEWS MEDIA: PURPORTED TALKS FOR ACCESS BANK PLC TO ACQUIRE DIAMOND BANK PLC The attention of Diamond Bank Plc (“the Bank”) has been drawn to the rumor in the media stating that the Bank is purportedly in discussions with Access Bank Plc to acquire the Bank. We wish to state categorically that the Bank is not in discussions with any financial institution at the moment on any form of merger or acquisition. We trust that the above clarifies the position of the Bank with regards to the rumor on the various media platforms. Regards,

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25Sep By BobbyNo Comments

News

We Are Still Committed To Growing Nigeria, Says Osinbajo

Abuja – Vice President Yemi Osinbajo said that the Federal Government was determined to use agriculture to tackle unemployment and grow the nation’s economy. GENCOs raise alarm over delay in releasing CBN’s N213bn fund Osinbajo, represented by Dr Adeyemi Dipeolu, the Chief Economic Adviser to President Buhari, said this on Tuesday at the 2018 Annual Conference of the Nigerian Economic Society (NES). The theme of the conference is “Optimising value chain in the agricultural sector in Nigeria” and held in partnership with the African Development Bank. Osinbajo Osinbajo said some of the economic focus of the administration included stabilising the macroeconomic environment, achieving food security, improving transportation infrastructure and driving industralisation. To achieve t...

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25Sep By BobbyNo Comments

Aware

NSE Market Indicators Record Marginal Gains

Activities on the Nigerian Stock Exchange (NSE) improved on Tuesday with the market indicators appreciating marginally due to price gains by some blue chips. Nigerian Stock Exchange The market capitalisation rose by N242 billion or 2.04 per cent to close at N12.089 trillion against the N11.847 trillion recorded on Monday. Also, the All-Share Index rose by 704.27 points or 2.17 per cent to close at 33,114.44 from the 32,440.17 posted on Monday. Nestle led the price gainers’ table, gaining N95 to close at N1,495 per share. Dangote cement followed with a gain of N5 to close at N210, while International Breweries and Stanbic IBTC added N2 each to close at N32.5 and N44 per share, respectively. GTBank appreciated by N1.75 to close at N37 per share. On the other hand, Total Oil t...

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23Sep By BobbyNo Comments

Celebs

Gully Erosion: NEWMAP, Anambra Govt. Move To Rescue Federal High Court, Others Structures

The Nigerian Erosion and Watershed Management Project (NEWMAP) has begun the process of controlling gully erosion threatening the Federal High Court and other property at the Alex Ekwueme erosion site, Awka. File: Osinbajo and Obiano visited flood disaster in Anambra and Delta States today. Mr Mike Ivenso, Project Coordinator of NEWMAP in Anambra, told the News Agency of Nigeria (NAN) on Sunday in Awka that the project had held a pre-bid meeting with some potential contractors for the control works. He said Gov. Willie Obiano had declared emergency on the Alex Ekwueme gully erosion site which was threatening a number of structures, including the Federal High Court, a hotel, federal secretariat and access roads. He said the bidding process was “abridged” in the light of the urgenc...

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22Sep By BobbyNo Comments

News

How We Foiled Proscribed IPOB’s Sit-At-Home Order – CP

Commissioner of Police in Enugu State, Mr Mohammed Danmallam, on Saturday revealed that inter-agencies synergy and engagement of stakeholders made foiled the sit-at-home order by the terrorist organization, IPOB, last weekend. Some members of the Indigenous People of Biafra, IPOB, making brisk appearance along some streets in Onitsha, Anambra State, in what it called Show of Force in its determination to carry out its Sit-at-Home directive against Operation Python Dance 3. The Indigenous People of Biafra (IPOB) declared sit-at-home order across the five South-East States on Sept. 14. IPOB had earlier written to various unions and associations in the state, including council areas, to shut down businesses and other activities. The sit-at-home was called to protest the planned Oper...

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22Sep By BobbyNo Comments

News

Osinbajo Inaugurates TraderMoni In Owerri

Vice President Yemi Osinbajo will on Saturday inaugurate TraderMoni initiative, a Federal Government’s Social Investment Programme, in Owerri, Imo State. Vice President Yemi Osinbajo, SAN Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, disclosed this in a statement on Friday in Abuja. The initiative was designed to assist petty traders across the country expand their trade through the provision of collateral and interest-free loans of at least N10,000. According to him, the loans are repayable over a period of six months. The micro-credit scheme under the Government Enterprise and Empowerment Programme (GEEP), was first inaugurated on Aug. 7 in five markets in Lagos State – Mushin, Ikotun, Agege, Ketu and Abule Egba...

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21Sep By Czar Owolabi MarcusNo Comments

News

CBN Withdraws Skye Bank’s Operating License

The Central Bank of Nigeria (CBN) has withdrawn the operating license of Skye Bank. CBN Governor, Godwin Emefile announced the decision of Friday evening in Lagos. Polaris Bank has been established to assume ownership of the assets and liabilities of Skye Bank. The Nigeria Deposit Insurance Corporation has injected N786bn in the new bank. The management of the defunct bank was however retained for its good performance. The defunct Skye Bank has been on CBN’s lifeline since July 2016 and the apex bank says it can no longer continue to intervene to keep the balance liquid.?

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16Sep By BobbyNo Comments

News

Obaseki’s Land Reform: EDOGIS Opens For Business, Assures On Customer-Friendly Services

Managing Director, Edo Geographic Information Service (EDOGIS), Arch. Frank Evbuomwan, has said the agency will open for business to members of the public, from Monday, September 17, assuring of world class customer-friendly service. Obaseki Evbuomwan, in a chat with journalists, said EDOGIS has deployed a fully automated root-to-leaf system to collect, collate, verify and digitise all geospatial data and is responsible for issuing Certificate of Occupancy (C-of-O). He said individuals and groups who have reasons to transact business with the agency are advised to visit EDOGIS, located at No. 102 Sapele Road, by former Water Board Building, Benin City. According to him, “EDOGIS is the successor government agency to the erstwhile Ministry of Lands and Surveys (later known as La...

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16Sep By BobbyNo Comments

News

Bank Of Industry, Export-Import Bank Of China Sign MoU On $500m Financing Support

Abuja – The Bank of Industry (BOI), Nigeria’s leading Development Finance Institution (DFI), and the Export-Import Bank of China (CEXIM) have signed a Memorandum of Understanding (MoU) on a $500 million financing support. PRESIDENT BUHARI IS WELCOMED BY A CHINESE SCHOOL GIRL IN BEIJING. SATURDAY, SEPTEMBER 1, 2018. Speaking on the development on Sunday, the bank’s Managing Director/Chief Executive Officer, Mr. Olukayode Pitan, said the partnership has an enormous job-creation potential. “This is a partnership that will provide a credit line of up to $500 million towards the establishment of modular refineries and flare gas recovery programmes in the country,’’ he said. Pitan who signed the MoU on behalf of BOI in Beijing in China said he was delighted to be part of the beginning ...

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14Sep By BobbyNo Comments

News

Uncertainty Pervades S-East Over IPOB’s sit-at-home

*IPOB alleges betrayal by Ohanaeze, S-East govs *We’re not against IPOB—MASSOB *Ignore IPOB, BIM tells Ndigbo *IPOB remains illegal—Police By Chioma Gabriel, Vincent Ujumadu, Anayo Okoli, Dennis Agbo & Chinedu Adonu AWKA—UNCERTAINTY yesterday enveloped the entire South East following the sit-at-home threat by the Indigenous People of Biafra, IPOB, today, with many making panic buying and traveling to their villages. IPOB members The Onitsha and Awka main markets witnessed large purchases, especially of food items, while petroleum sellers enjoyed unusual patronage as many people bought fuel in cans and filled their vehicles. The police, on the other hand, exhibited a show of force in the entire zone by patrolling the various cities and blaring sirens that scared many people...

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12Sep By BobbyNo Comments

News

Kenyan Banks Fined For Aiding Corruption Scandal

Nairobi – Kenya’s Central Bank on Wednesday penalised five banks in the East African nation for facilitating the transfer of money looted from the National Youth Service (NYS). Kenyan court The banks have been fined between 200,000 dollars and 1.5 million dollars for their role in the scandal, Central Bank Governor, Patrick Njoroge, said in a statement on Wednesday. The five banks are Kenya Commercial Bank (KCB), Standard Chartered Bank (SCB), Cooperative Bank, Diamond Trust Bank (DTB) and Equity Bank. “The investigations prioritised the banks that handled largest volumes of cash following serious concerns that came to light in May related to the channelling of the NYS funds,” said Njoroge. He noted others that handled smaller volumes were still under probe.   Accor...

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