FIDELITY BANK NOW SAFE HAVEN FOR MONEY LAUNDERERS AND LOOTERS

Though Fidelity Bank has been known to be one of the fastest growing bank in Nigeria ,recently they they have been involved in various forms of scandal ,especially by helping corrupt public officials to steal from the public ,forgetting about the good name that the bank is known for .Recently about N1.5trillion naira and $9 was allegedly traced to NIMASA boss Bashir Jimoh personal account with Fidelity which is alleged… Continue Reading

BREAKING: Boko Haram Claims Responsibility For Missing Nigerian Fighter Jet, Releases Video Of Dead Pilot

Jama’atu Ahlussunnah Lidda’awati Wal Jihad, has released a footage of it shooting down the missing Nigerian Air Force (NAF) Alpha Jet Aircraft. The jet had on Wednesday evening lost contact with radar in Borno state.  Twitter/HumAngle The aircraft was on a mission to provide support for troops on the ground fighting Boko Haram insurgents. Edward Gabkwet, the NAF spokesperson, in a statement on Friday, said the whereabouts of the two… Continue Reading

Access Bank posts Gross Earnings of ₦764.7bn in FY 2020

Despite a challenging economic and regulatory landscape, Access Bank PLC has announced gross earnings of ₦764.7bn for the financial year ended December 31, 2020. The Bank’s audited gross earnings shows a 15% improvement from the ₦666.75bn posted for the comparative period of 2019. While the Bank’s Profit Before Tax stood at ₦125.9bn, it also posted a non-interest income of ₦275.5bn, a significant 112% y/y growth from 2019. This is despite… Continue Reading

CBN orders closure of cryptocurrency traders’ bank accounts

The Central Bank of Nigeria (CBN) has directed the closure of bank accounts of persons or entities involved in cryptocurrency transactions. The apex bank issued the order on Friday in a circular to deposit money banks (DMBs), non-bank financial institutions (NBFIs), and other financial institutions (OFIs).  “Further to earlier regulatory directives on the subject, the bank hereby wishes to remind regulated institutions that dealing in cryptocurrencies or facilitating payments for… Continue Reading

Ocean Marine Solutions Ltd: The Missing Links in Hosa Okunbo’s Tale

Ordinarily, the attempt by Captain Hosa Okunbo to obfuscate the real issues and confuse the public through a massive manipulative media onslaught should be dismissed as a desperate and futile effort to clean his Augean stable. However, the inept and unskillful manner of his media campaign has only revealed to the discerning mind the missing links and his deliberate attempt to sidestep, if not totally avoid, addressing the substance of… Continue Reading

Nollywood Actress Orisabunmi Is Dead

                              Veteran Yoruba actress, Folake Aremu, popularly known as Orisabunmi, is dead, reports The Gazelle News.com.   The news of her demise was broken by the President of the Theatre Arts and Motion Pictures Practitioners Association of Nigeria (TAMPAN), Bolaji Amusan, popularly called Baba Latin.   According to Baba Latin, the late Orisabunmi died on late… Continue Reading

ISG Boss Tunistra: Why We Support Private Sector To Help Africa Governments Grow Continent

ISG & Partners, under the leadership of Mr Steven Tunistra has offered to assist the private sector in Africa fund its infrastructural projects to enable it assist government in creating jobs while also developing infrastructures in the continent. Fielding questions from the media at the weekend, Steven Tuinstra CEO, President and Founder International Service Group (ISG & Partners) submitted that one cannot develop Africa and create a better life for… Continue Reading

How Ibadan Suspected Serial Killer Murdered Another Woman Shortly After Escape From Police Custody

The prime suspect in connection with incessant ritual killings of residents of Akinyele area of Ibadan in Oyo State, Sunday Shodipe, who escaped from police custody, has killed another woman in the community. The incident occurred on Saturday when the fugitive sneaked into the room of a woman identified as Funmilayo (Iya Ibeji) and smashed her head with an object believed to be a cutlass. A friend of the victim… Continue Reading

School feeding programme gulped over N500m during lockdown – Minister

The Federal Government expended about N523.3 million on school feeding programme during the lockdown against the coronavirus pandemic. The Minister of Humanitarian Affairs, Disaster Management and Social Development (MHADMSD), Sadiya Farouq, announced this at the Presidential Taskforce briefing on COVID-19 on Monday in Abuja. Farouk made the revelation against the rumours and speculations going around one of our key interventions of the government – the Home Grown School Feeding Programme…. Continue Reading

Suspended acting chairman of EFCC, Magu may be dismiss from police force

Ibrahim Magu, suspended acting chairman of the Economic and Financial Crimes Commission (EFCC), has been sent back to area 10 force criminal investigation department (FCID) of the police in Abuja where he spent the night on Monday. Gathered that he was moved to detention at the end of questioning by the panel on Tuesday at about 7pm. Some of the aides of the anti-graft czar had earlier moved his personal… Continue Reading

Why Magu may not return to office

The acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, spent last night in police cell after he was grilled for about six hours by a Presidential panel headed by Justice Isa Salami, a former President of the Court of Appeal. The PUNCH gathered that Magu was detained at the Force Criminal Investigation Department Headquarters in Area 10, Garki, Abuja He is expected to face further interrogation today at… Continue Reading

Ondo deputy governor dumps APC for PDP

The Ondo State Deputy Governor, Agboola Ajayi has resigned his membership of the All Progressives Congress (APC).  The Deputy Governor resigned his membership at Ward 2, Apoi, in Ese Odo Local Government Area of Ondo State. This is coming a day after he was blocked from the government house from packing his property. His resignation from APC puts an end to the speculation trailing his planned defection. Agboola, a former… Continue Reading

86 luxury vehicles, buildings forfeited by ex-director returned to his firms illegally –Ex-SPIP prosecutor

A lawyer, Oluwatosin Ojaomo, has asked the Independent Corrupt Practices and Other Related Offences Commission to prosecute an ex-Director of Finance and Administration at the defunct Ministry of Power, Works and Housing, Ibrahim Tumsah, and his brother, Tijjani Tumsah, for corruption. Ojaomo, a former prosecutor with the Special Presidential Investigation Panel of Public Property, stated that the two brothers had got back the real estate and 86 vehicles they earlier… Continue Reading

USAID, UNITED BANK FOR AFRICA SIGN MEMORANDUM OF UNDERSTANDING TO ADVANCE THE TWO-WAY TRADE AND INVESTMENT GOALS OF PROSPER AFRICA

U.S Agency for International Development (USAID) through the Prosper Africa initiative is partnering with the United Bank for Africa (UBA) to increase two-way trade and investment between the United States and the nations of Africa.   This partnership ensures businesses are equipped with the technical and financial tools they need to enter into new trading and investment relationships in Africa and the United States. USAID will provide technical assistance and advisory services… Continue Reading

UBA Honours Kola Jamodu after 12 Years of Service; Assures of Solid Governance Processes

Pan African financial institution, United Bank for Africa (UBA) Plc has assured investors and shareholders of her continuous adherence to solid corporate governance processes as the bank honoured its ex-director, Chief Kola Jamodu. In a glitzy cocktail event and dinner in his honour at the Transcorp Hilton Hotel, Abuja, on Thursday, Jamodu was celebrated for his service on the bank’s board for 12 years as a non-Executive director. Accolades were poured… Continue Reading

FIRSTBANK CONVENES DIGITAL LAB OPEN HOUSE, REINFORCES DIGITAL REINVENTION IN BANKING  

In an effort to stimulate innovation through synergy, First Bank of Nigeria Limited hosted the Digital Lab Open House on Wednesday, 31 July 2019 at its Digital Lab in Yaba Lagos. The Digital Lab Open House is amongst the many events lined up for the group Innovation Week held 29 July – 2 August 2019. The event themed; “cultivating an innovative mindset” is an initiative designed to provide opportunities for… Continue Reading

Saint Lai Mohammed to Appear in Court over Alleged N2.5bn Fraud, Says ICPC

The immediate past Minister of Information and Culture, Lai Mohammed, has been scheduled to appear before a Federal High Court, Abuja, to explain his role in the alleged misappropriation of N2.5 billion Federal Government Digital Switch-Over (DSO) program. The planned appearance of Mohammed was revealed by the Independent Corrupt Practice and Other Related Offences Commission (ICPC), who is prosecuting the Director General of the National Broadcasting Commission (NBC), Ishaq Modibbo… Continue Reading

Emir of Kano Muhammadu Sanusi II gets new UN job

Barely a day after the Kano State House of Assembly (KNHA), approved the amendment of the Local Government and Chieftaincy Affairs law, paving way for Governor Abdullahi Ganduje to sign the bill into law that creates four new emirates and whittles down the Emir of Kano’s power and influence,  UN Secretary-General António Guterres on Thursday in New York announced the appointment of His Royal Highness Muhammadu Sanusi II, Emir of… Continue Reading

First defence witness tenders receipt for Onnoghen’s 2010 assets declaration, prosecution kicks

The suspended Chief Justice of Nigeria, Justice Walter Onnoghen, on Monday, called his driver, Mr. Lawal Busari, as his first defence witness in his trial on charges of false and non-declaration of assets ongoing before the Code of Conduct Tribunal in Abuja. Busari, who was led by Onnoghen’s Chief Adegboyega Awomolo (SAN), described how he drove the suspended CJN to the office of the Code of Conduct Bureau, on July… Continue Reading

GTB Vs Innosson: What you need to know about the legal war

Below is an attempt to provide some context to the general public on the development and offer insight into what may likely happen. This is an independent effort and public service by Stephen Azubike; and readers should take as one of the views available on the subject. Legal Explainer : “Innoson “Takes Over” GTBank” ;  Meaning  Background Innoson Nigeria Ltd (“Innoson”) had at the Federal High Court, Ibadan, obtained Judgment… Continue Reading

Former Governor Gbenga Daniel Quits Partisan Politics

A former Governor of Ogun State, Otunba Gbenga Daniel, has resigned from the Peoples Democratic Party. Daniel, in his letter to the National Chairman of the PDP, Prince Uche Secondus, dated March 14, 2019, also announced his resignation from partisan politics. He said the decision to quit partisan politics was personal to him. Read full letter below: 14th March, 2019 The National Chairman, Peoples Democratic Party, Wadata Plaza, Michael Okpara… Continue Reading

FIRSTBANK MARCHES ON, BRINGS THE WORLD TO A STANDSTILL

Nigeria’s Premier financial institution and iconic banking Brand, First Bank of Nigeria Limited had the world stand still on Friday, 1 March 2019, as it held its symbolic flag hoisting ceremony across Nigeria and other countries where it does business. The celebratory flag hoisting officially flags off the bank’s commemoration of attaining the milestone year of 125. The event was also to reinforce the Bank’s continuous march to greatness; a… Continue Reading

Kidnapping: President Buhari’s kinsmen Relocate to Niger Republic

Build Homes, Obtain Resident Permits Run Daily Businesses in Nigeria, Return to Niger at Night   Many Nigerians residing in Katsina State have fled to neighbouring Niger Republic to escape persistent attacks by kidnappers and bandits, Daily Trust on Sunday has learnt.   In addition to evacuating their family members, the Nigerians are also acquiring plots and building houses in Niger Republic’s towns of Maradi and Dan Issa. This is even as… Continue Reading

Ambode Is Running A One Man Show……….Tinubu

National Leader of the All Progressives Congress (APC) Asiwaju Bola Ahmed Tinubu has given a hint of his grouse with the embattled governor of Lagos State Akinwunmi Ambode. In a statement issued on Sunday and posted on his twitter handle, Tinubu accused the Ambode administration of being selfish and deviating from the masterplan for the development of Lagos State. He accused the governor of not carrying everybody along in the… Continue Reading

God will help us defeat Buhari in 2019- ex-president Olusegun Obasanjo prophesies

Former President Olusegun Obasanjo has prophesied that God will help Nigerians take out those that are currently in power just as he took out a certain military leader that wanted to transit into a democratic dispensation. Obasanjo who recently accused the Buhari-led administration of planning to send him to jail over trumped up charges, said this at a town hall meeting in Ibadan, the Oyo State capital, where the Coalition… Continue Reading

How Actress Aishat ‘Omoge Campus’ Really Died

Famous Yoruba actress, Aishat Abimbola, otherwise known as ‘Omoge Campus’has died of breast cancer, an ailment she has been secretly battling for many years. She finally lost the battle and gave up the ghost at about 3a.m on Thursday, 16 May in far away Canada. In the last few months, she has been in and out of hospital and has spent a fortune on her deteriorating health. She was said… Continue Reading

UBA Kenya to Leverage on Group’s Capacity to Finance Large Ticket Transactions in Kenya, says Emeke E. Iweriebor, CEO East & Southern Africa

 United Bank for Africa, a leading pan-African financial institution with operations in 20 African countries has assured the players in the private and public sectors in East Africa’s largest economy that its Kenyan franchise is ready and committed to finance key projects and business transactions capable of galvanising the economic development of the country and upscale the standard of living of its people.  The Group’s Executive Director and newly appointed… Continue Reading

Access Bank Introduces PayDay Loan on USSD code *901*11#

With the intent to provide quicker and instant access to loans for employees, Access Bank Plc has launched PayDay Loan, Nigeria’s first fully digital lending service. PayDay Loan can be accessed on USSD code *901*11# and across over 2,000 Access Bank ATMs pan Nigeria. PayDay Loan requires no collateral or guarantor, enabling Nigerian employees obtain loans instantly without visiting the bank – helping employees meet their urgent financial needs all… Continue Reading

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