Monday, November 29

Tag: Bankers

KCB 0-0 AFC Leopards: Bankers and Ingwe fire blanks in Premier League contest
Sport

KCB 0-0 AFC Leopards: Bankers and Ingwe fire blanks in Premier League contest

The Bankers and Ingwe shared the spoils in their second top-flight match of the season at Thika Stadium on Saturday   KCB and AFC Leopards played out a drab 0-0 draw in their FKF Premier League fixture at Thika Stadium on Saturday. The Bankers went into the game having lost 2-1 to former league champions Gor Mahia in their season opener before the Fifa international break while Ingwe had secured a morale-boosting 1-0 win against current champions Tusker. It was KCB, under the leadership of coach Zedekiah Otieno, who started the game on the front foot and with only one minute played, they were awarded a corner after Robert Mudenyu had headed out a cross from Baraka Badi, but from the resultant kick, Ingwe keeper Maxwell Mulili came out to gather the ball.
If you Don’t have a Job in the UK or US, you are either Proud or Lazy – Actor Williams Uchemba
Celebs

If you Don’t have a Job in the UK or US, you are either Proud or Lazy – Actor Williams Uchemba

Actor Williams Uchemba has stated that those without jobs in the UK or US are either proud or lazy. According to the actor, uneducated people who work as cleaners or factory workers earn as much as £1,400 pounds (N980k) after tax in the UK, and he also claimed some bankers in Nigeria don't earn that much. Admitting that other bills might take most of the money back, Uchemba however stated that such people should be grateful that they have food and a roof over their heads. He concluded by stating that a system that works will always provide employment for its citizens.
EFCC To Demand Bankers’ Asset Declaration Forms June 1
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 ...
Banks, ATMs Will Function During Lockdown – Finance Minister
News

Banks, ATMs Will Function During Lockdown – Finance Minister

The minister for finance, Ahmed Zainab has announced that financial institutions would be allowed to run a skeletal operation during the total lockdown of some states in the nation over coronavirus pandemic. She made this known in a statement she sent out on Monday, as some states prepare to lockdown by 11 pm same day. Statement below: “Notice to affected stakeholders and general public regarding COVID-19 and restrictions in movement of persons”, bankers are expected to be handed new directives. “To ensure that Nigerians can still perform online transactions and use of ATMs whilst observing these restrictions, we will like to inform the general public and all affected stakeholders that we have obtained exemptions from the President to allow very skeletal operations in the finan...
FBI List: EFCC Goes After Bankers, BDC Operators Aiding Cybercriminals
Crime

FBI List: EFCC Goes After Bankers, BDC Operators Aiding Cybercriminals

The Economic and Financial crimes Commission (EFCC) has begun a clampdown on bankers and operators of Bureau De Change (BDC) outfits across Nigeria who are aiding cybercrimes. The clampdown followed the indictment of 80 Nigerians in a massive cybercrime case, investigated by the United State’s Federal Bureau of Investigation (FBI). EFCC Ibadan Zonal Head, Ibadan, Mr Friday Ebelo, disclosed this during a press briefing held at the Commission’s zonal office at Iyaganku on Wednesday. He said the EFCC is in constant collaboration with international organisations with similar mandates, especially the FBI, in an effort to curb internet crime and transfers of illicit funds, saying: “Our longstanding collaborative engagement with the FBI and other law enforcement agencies remains inta...
Atiku confirms the N50m traced to Obasanjo Presidential Library by EFCC was a donation
News

Atiku confirms the N50m traced to Obasanjo Presidential Library by EFCC was a donation

Former vice-president Atiku Abubakar has confirmed that some money was indeed given to the Olusegun Obasanjo Presidential Library, a transaction that has become part of the larger money laundering probe by EFCC of the €150million brought into the country by Atiku’s failed presidential campaign.   He however insisted it was a normal donation because the library is a not-for-profit organisation and that the donation was made via a bank cheque, and not cash of $140,000 that the EFCC is investigating.   The EFCC on August 8th extended to Olusegun Obasanjo Presidential Library, its investigation of the laundered 150 million euros cash-for-poll by associates of Atiku Abubakar.  EFCC investigators went to the Library to authenticate the claims by one of those under probe, Ma...
Another Looming Trouble: Why Nigerians Are Just In Love With Ponzi Schemes
News

Another Looming Trouble: Why Nigerians Are Just In Love With Ponzi Schemes

In the 1990s, Mavrodi Mondial Moneybox otherwise known as МММ, a Russian company founded by Sergey Mavrodi, Vyacheslav Mavrodi, and Olga Melnikova perpetrated one of the world’s largest Ponzi schemes of all time. According to Wikipedia between five and ten million people lost their savings to the scheme. A Ponzi scheme also according to Wikipedia, is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. Two years ago, Mrs Dolapo Adeoya, a Micro finance bank staff participated in the scheme. According to her she heard about MMM from her father in Lagos after the old man had unbelievably made huge profits from the little amount he invested in it. “He told me he made four times what he invested and advised that I do same si...
Ibrahim Magu Asks Bankers To Report Any Money Laundering To EFCC
News

Ibrahim Magu Asks Bankers To Report Any Money Laundering To EFCC

The Acting Chairman, Economic and Financial Crimes Commission, EFCC, Ibrahim Magu has called on bankers in Maiduguri, Borno State to ensure that they comply with the Money Laundering Act, and report to the anti-graft agency, any person(s) moving cash above the allowed threshold. Magu gave the charge on Monday, April 8, 2019 during an interactive session with the Chief Compliance Officers of banks. According to Magu, “Nobody should carry cash above the threshold of above N10 million for corporate organizations and N5 million for individuals; anything above the threshold must be routed through financial institutions.” Magu also emphasized the role of Non-Governmental Organizations, NGOs in the North-East stressing that the EFCC will in the near future, begin the profiling of suc...
FG Declares Friday Public Holiday
News

FG Declares Friday Public Holiday

The Federal Government has declared Friday, February 22nd as a public holiday, ahead of Saturday’s Presidential and National Assembly elections. This was made known in a statement released by the Ministry of Interior, saying bankers and those offering essential services across the nation are excluded in observing the public holiday. “The Federal Government declares Friday, February 22, 2019 as work-free day. Those providing essential duties and bankers are excluded. The work-free day is to enable citizens return to their poling units for the reschedule Presidential & National Assembly elections. Security agencies have been directed to ensure safety of lives and property before, during and after the general election.” the statement read Some states and businesses across the federat...
Election: FG Declares Friday Public Holiday, Excludes Bankers
News

Election: FG Declares Friday Public Holiday, Excludes Bankers

Now that the federal government has declared Friday 22nd as public holiday for preparation for those travelling for the election. I believe all is set for INEC come 23rd February for the presidential election. The federal government of Nigeria has declared Friday, February 22, 2019, as a public holiday, in preparation for the February 23 presidential and parliamentary elections. The ministry of interior via a statement on Wednesday, however, excluded bankers and those offering essential services across the nation. “Federal Government declares Friday 22, February 2019 as work-free day. Those providing essential duties and bankers are excluded,” “The work-free day is to enable citizens return to their poling units for the reschedule Presidential & National Assembly elections. ...
Saudi Crown Prince Planning To Splash Over £3bn To Buy Manchester United
Sport

Saudi Crown Prince Planning To Splash Over £3bn To Buy Manchester United

Saudi Arabian crown prince, Mohammad bin Salman, who is worth £850billion is reportedly planning to .splash over £3bn to buy Manchester United. Mohammad bin Salman, is said to be set to make a huge Middle East investment by splashing over £3bn to buy Manchester United football club. The 33-year-old who holds the second highest position in the Saudi government behind the King was previously reported to be planning on taking over the Abu Dhabi-based owners of Manchester City in the Premier League.   Now The Sun is reporting that Bin Salman wants to make his mark in the world of football and views the Glazer-owned Manchester United as the perfect acquisition To acquire the club, it would cost the Saudis more than £3bn to become the new owners of Manchester United. It is...
Police declare 9 bankers wanted over stealing of customers’ deposits totaling over N500M (Details)
Crime

Police declare 9 bankers wanted over stealing of customers’ deposits totaling over N500M (Details)

The Nigerian Police force has declared nine bankers wanted for stealing various amount of money from depositors of a new generation bank. The police acted on petitions it received from the bank and its customers on the disappearance of a large sum of money from their various accounts. They include Oshiojum Chibuzor Wilson, Juwon Faromoh, Akanaga Christian, Linda Chekwube, Matthew Akpan, Oluwasoji Ajetumobi, Nelson Omuzagha, Ogunlaja Ganiyu and Adeyemi Omitogun.  
Bankers Docked For Forging SCUML Certificates
News

Bankers Docked For Forging SCUML Certificates

The Economic and Financial Crimes Commission today July 31, 2017 arraigned the duo of Ebenezer Joshua and Franca Johnson before Justice Abbas Ahman of the Kebbi State High Court on a three count charge of forgery. The accused persons, who once worked together at a new generation ban,k allegedly conspired and forged the certificate of registration of the Special Control Unit against Money Laundering (SCUML). The scam came to light when the SCUML received two registration forms for clearance from a new generation bank bearing the names, Noble Women for Better Tomorrow Initiative and another,  Support Initiative for Better Maternal Health. Upon receipt of the certificate, some abnormalities were discovered during verification, including the fact that the sector codes on the certificates w...
How Soldiers, Bankers Used 33 Accounts To Divert Military Funds – Magu Opens Up
Scandals and Rumours

How Soldiers, Bankers Used 33 Accounts To Divert Military Funds – Magu Opens Up

Punch reported that the acting Chairman of the Economic and Financial Crimes Commission, Mr Ibrahim Magu, has given details of how two army officers allegedly colluded with two employees of the United Bank for Africa Plc to divert the sum of N339m from the account of the Military Pensions Board. Magu, in a letter dated May 23, 2017 and addressed to the Chief of Defence Staff, said the suspects, who were later charged with fraud offences on May 31, 2017, allegedly opened 33 accounts with UBA into which the MPB’s funds were diverted. The acting EFCC Chairman said in his letter with reference number EFCC/EC/CDS/66/16 that the total sum of N339,374,478.58 was withdrawn from the MPB account across the counter or transferred to other accounts in the bank. The two military officers accus...
$151m Deposits: Bankers, Civil Servants To Face Trial
News

$151m Deposits: Bankers, Civil Servants To Face Trial

A LIST of suspects who will face trial over the $151million and N8billion found in fictitious bank accounts is in the works, The Nation learnt yesterday. On the “long” list are bankers and civil servants, Attorney-General of the Federation Mr. Abubakar Malami (SAN) said. He declined to name the suspects but stressed that the government is interested in knowing how the funds were sourced and lodged in the accounts. Malami, who spoke with our correspondent from Addis Ababa, Ethiopia, said: “But investigation is in top gear and I will not want to jeopardize it by giving out names of those affected.” Pressed for more comments, Malami said: “I am not certain of the number now but it is huge because it involved a syndicate. “The culprits include civil servants and bank officials who...

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