First Bank

Tuesday, January 31, 2017

All The Messy Details As Ex Regional Manager, Gbite Adegoke Slams N1.2billion Suit On Ecobank

A senior staff of Ecobank Nigeria Limited Gbite Mathew Adegoke has sued the bank before a National Industrial Court, Lagos for wrongful termination of employment, claiming N1.2 billion as damages and special damages having suffered near paralysis in the course of being on official duty.

 The bank has however denied owing him any duty of care save what is established in his contractual employment.

In a statement of facts filed by Adegoke’s lawyer, Jiti Ogunye before the court, the claimant stated that

Bolaji Odesanya Rivers State Commissioner Of Police Is Dead

The Rivers State Police Commissioner, Mr. Francis Bolaji Odesanya, is dead. Odesanya was said to have died this morning in an

Monday, January 30, 2017

Troubled Politician Kashamu Buruji Forces Ex Gov Gbenga Daniel To Leave Wesco Boss Wale Oshinubi’s Wedding As He Outshines Him Even With His Extradition Travails

Former governor of Ogun state, Gbenga Daniel over the weekend abruptly cut shut his social outing.

He was guest at the wedding of Wesco Bet Boss, Adewale Osbinubi.

The event held which held at Adeola Odutola Hall, Degun Junction in Ijebu Ode Ogun played host to heavy weight politicians and celebrated figures in

All The 15 Brand Ambassadors Unveiled As UBA Strengthens Brand’s Affiliation On Nigerian Campuses

The United Bank for Africa (UBA) Plc Friday launched the maiden edition of its Campus Ambassador Programme with the induction of the first 15 brand ambassadors.

The UBA Campus Ambassador Programme is an initiative to identify young emerging leaders among students of tertiary institutions and give them a

Keystone Bank M.D Phillip Ikeazor In Trouble Over N4.2billion Illegal Transaction

These are not the best of times for Keystone Bank Limited and its managing director/chief executive officer, Mr. Phillip Ikeazor as the House of Representatives on Monday urged the Economic and Financial Crimes Commission to commence investigation into an alleged illegal movement of N4 billion from the Industrial Trust Fund’s account domiciled with

Sunday, January 29, 2017

‘’He Is A Responsible Family, Respected Public Figure’’ Aide Denies Delta Gov Ifeanyi Okowa Lost $10m To Girl Friend

The Delta State Government on Sunday distanced the state Governor, Dr. Ifeanyi Okowa, from an online report linking him with a report that a serving governor from the South-South geopolitical zone was defrauded of $10m by a girlfriend.
The money, it was reported, was part of the bailout given to the state by the

Saturday, January 28, 2017

Apsotle Johnson Suleman To Honour DSS Invitation On Monday In Company Of 30 Lawyers

The General Overseer of Omega Fire Ministries Worldwide, Apostle Johnson Suleman, has formally been invited by the Department of State Services to appear at its National Headquarters in Abuja,

How Gov Lost Diverted $10m Bailout Fund To Mistress

A governor is under probe after the sum of $10 million he diverted from the bailout funds allocated to his state was hijacked by his mistress.
The governor was said to have commissioned his mistress to help him launder the said sum only for the latter to refuse to remit it in the slush accounts the governor provided.
Already, the money in question has been traced to a bank in

Thursday, January 26, 2017

Charles Aigbe Joins Fidelity Bank Head Brands & Communication

Fidelity Bank Plc has announced the appointment of Charles Aigbe as Divisional Head, Brand and Communications.
Following Fidelity Bank’s recent rebranding and positioning for its next growth phase, the appointment of Charles, according to the Fidelity Bank CEO, Nnamdi Okonkwo is part of

Kashamu Buruji’s Extradition For Drug Charges Demon Resurfaces As US Court Rules He Can Be Arrested Anywhere

A United State Appeals Court has upheld a ruling against Senator Buruji Kashamu who is facing drug related charges in America.
The court in a ruling on Monday said U.S agents’ attempt to arrest Kashamu in coordination with local authorities would not constitute “an attempted abduction.”
The ruling means that the

FCMB Staffers Accused Of Stealing N54million In N8billlion Currency Scam

Omotayo Igbosanu, a principal witness in the case of alleged N8 billion CBN currency scam on Wednesday told a Federal High Court in Ibadan that two FCMB employees stole N54 million.

CEO Sola David – Borha Resigns From Stanbic IBTC Bank

Sola David-Borha has resigned her appointment as the chief executive officer (CEO) of Stanbic IBTC Holdings PLC.

Stanbic IBTC informed the Nigerian Stock Exchange that David-Borha, who has led the company from 2012 till date, has resigned to

Why Central Bank Gov Godwin Emefiele Has Unrestricted Access To Billionaire Alike Dangote’s Private Jet

The contents of his pockets are often emptied to better the lives of impoverished, ragged families of the boondocks. He cannot understand why how so much wealth should go brushing by, unmindful of the poor. But Aliko Dangote, Chairman of Dangote Group’s heart beats with compassion that extends beyond the lives and fate of the poor. Dangote’s heart also throbs in favour of the high and mighty craving various needs and conveniences to better their lives. This is why he sees nothing wrong in releasing his private jet to

‘’On A Wheel Chair’’ ‘’ Plasters On Her Body’’ ‘’ Family Pounce On Photographer’’ And All The Drama Of Oil Barons Ada Ugo Ngali, Walter Wagbatsoma Bagging 10yrs Prison Terms For Fuel Subsidy Fraud

Justice Lateefa Okunnu of the Lagos State High Court in Ikeja on Thursday sentenced the Managing Director of Ontario Oil and Gas Limited, Mrs. Ada Ugo-Ngali, to a jail term of 10 years for a fuel subsidy fraud of N754m.
The judge ordered the refund of the N754m to the

Wednesday, January 25, 2017

Gov Fingered In Plot Against Federal Govt

The Department of State Security Services (DSS) yesterday implicated a Southsouth governor in a subversive plot against the Federal Government.
It also accused the governor of allegedly sponsoring those behind demanding the resignation of its Director- General, Mr. Lawan Daura.
The governor was said to be under investigation also for sponsoring violent demonstration.
A top official made the disclosures at a confidential briefing in Abuja against the backdrop of a protest on Monday by a pressure group, Lawyers in Defence of Democracy.
The official said unknown to Nigerians

Those Behind President Muhammadu Buhari’s Death Rumour To Face ‘’The Full Wrath Of The Law’’

The Federal Government is investigating sources of “subversive messages” on President Muhammadu Buhari’s health.
Purveyors of such messages will face “the full wrath of the law”, the government said yesterday.
For the second time in one week, the social media was yesterday awash with rumours on the President’s state of health, creating the impression of an orchestration of the issue.
Last week, a photograph of the President

Transcorp Group Chairman,Tony Elumelu’s Verdict: Power Sector Faces Imminent Collapsed!

Tony Elumelu, chairman of Transcorp Group and United Bank for Africa (UBA), says Nigeria’s power sector is a walking corpse, and it may collapse soon if no urgent action is taken.

“The agency of government that has responsibiity for making sure that this sector delivers on its potential is not doing well enough. We are owed a lot of money,” Elumelu told CNBC Africa.
“Transcorp Power Holdings is owed almost N50

‘’Why We Should Legalise Corruption’’ Ondo Senator Omoyele Omogunwa’s Incredible Reasons

Omoyele Omogunwa, a senator from Ondo state, has called for the legalisation of corruption in the country.

Speaking on the floor of the u‎pper legislative chamber on Wednesday, Omogunwa lamented that corruption was pervasive in the country. He argued that it should be “legalised”.
He said

How Apostle Johnson Suleman Escaped DSS Arrest Aided By Gov Ayo Fayose

Ayodele Fayose, governor of Ekiti, says he prevented operatives of the Department of State Services (DSS) from arresting Johnson Suleman, founder of the Omega Fire Ministries Worldwide, in the early hours of Wednesday.

The pastor was in Ado-Ekiti for a two-day crusade.
While speaking to his congregation recently, said he instructed his security aides to kill herdsmen who come around the church premises.

Tuesday, January 24, 2017

‘’ I Personally Think That South-East Should Have A Go At The Presidency In 2019’’ Ex President Olusegun Obasanjo.

Former President Olusegun Obasanjo on Tuesday made a subtle case for other geo- political zones to produce Nigeria’s President in the interest of justice and fairness.
Since Nigeria’s return to democratic rule in 1999, the South East region is yet to produce the country’s President, while the Southwest, North and minority South – South have had shots at the Presidency at different times.
But Obasanjo said it was his

Uproar In Senate Over President Muhammadu Buhari’s Refusal To Sack SGF Babachir Lawal For Corruption Charges

There was uproar in the Senate on Tuesday as Senate President, Abubakar Bukola Saraki, read President Muhammadu Buhari’s letter, which criticized the resolution of the Senate that Secretary to the Government of the Federation, Mr. Babachir David Lawal, should resign his position and face prosecution over alleged abuse of office.

Senator Shehu Sani, (Kaduna Central) who said that he was shocked that President Buhari could be misled to write such a letters, described it as “the funeral service for anti-corruption fight” in

Spender Ovundah Akarolo Lives Large On Father In Law, Lulu Briggs Generosity

He is not exactly a new entrant to the social scene. Just that Ovunda Akarolo, who is the most popular son-in-law of Chief Lulu Briggs, has hitherto been a bit part socialite. Things have changed now though. His wife, Solate who is the DMD of the family owned business, MoniPulo Ltd, is sitting on a multi billion empire and expectedly, Ovundah is gradually coming into his own as a redoubtable rocker and heavy spender. Good-looking, with an athletic built; he understands the lingo of night life and was quite popular for his go-go life in the

Sunday, January 22, 2017

Mounting Pressure For Code Of Conduct Tribunal Chair, Danlami Umar To Undergo Another Investigation For Bribery & Abuse Of Office

Civil Society Network Against Corruption (CSNAC), a coalition of over 150 Nigerian anti-corruption groups, has urged the Economic and Financial Crimes Commission (EFCC) to re-investigate Code of Conduct Tribunal (CCT) Chairman Danlami Umar over his alleged involvement in bribery and

Former Senate President Ken Nnamani Now A Member Of APC

Former Senate President, Chief Ken Nnamani, on Sunday joined the All Progressives Congress.
Nnamani was a member of the Peoples Democratic Party.

Thursday, January 19, 2017

‘’Constituted Authority’’ Abiola Ajimobi Faces Shutdown Of Oyo State If He Doesn’t Reopen Lautech Within 7days

Citizens Action to Take Back Nigeria (CATBAN), a civil society organisation, has warned Abiola Ajimobi, governor of Oyo state, to reopen Ladoke Akintola University (LAUTECH) or they will “occupy and shut down the state”.

A video clip of an altercation between Ajimobi and LAUTECH students has since gone viral.
The students were protesting the closure of the university for the past eight months.

PremiumTimes Publisher Dapo Olorunyomi, Reporter Evelyn Okakwu Regain Freedom

The police in Abuja have released the two PREMIUM TIMES journalists that were arrested on Thursday afternoon.

Dapo Olorunyomi, publisher of the newspaper, was arrested alongside the judiciary correspondent, Evelyn Okakwu, at around 5:00 p.m.

They were released on bail and instructed to report at the FCT Police Command Headquarters by 8:00 a.m. Friday morning.

United Capital Plc, Societe Generale, Orange, Others Support African SMEs With €77m Fund

United Capital Plc, a leading African investment banking group, has partnered with global financial and corporate institutions to set up a Franco-African Investment Fund (FFA), with investible funds of 77 million euro. The aim of the fund is to accelerate the growth of innovative and entrepreneurial African and French small

Vice President Yemi Osinbajo Takes Over As President Muhammadu Buhari Goes On 10day ‘’Leave’’

President Muhammadu Buhari has abruptly left Abuja on a medical visit to the United Kingdom a few minutes after sending a letter to the Senate requesting for a 10-day leave.
A letter read at the plenary of the Senate on

Skye Bank Rewards Customers In The MoneyGram ‘Receive n Win’ Promo

Three lucky customers of Skye Bank Plc., across different business locations of the Bank, have emerged winners in the on-going Skye Bank - MoneyGram “Receive n Win Promo”.
The winners, which include Oladele Ojo Femi, Babatunde Sodiq and Akinmusire Seyi, emerged winners in the first monthly raffle draw of the promo and won the sum of N100,000.00 each. A brand new car is up for grabs at the grand finale of the promo exercise scheduled for March this year.

The promo is meant to encourage increased patronage of the

Police Whisk Publisher, Reporter Away In Raid Of Premium Times Office

The Nigeria police have raided PREMIUM TIMES head office in Abuja, and arrested the newspaper’s publisher.

The publisher, Dapo Olorunyomi, was arrested alongside the paper’s judiciary correspondent, Evelyn Okakwu.

Plain-clothed officers conducted search at the office shortly after 5p.m. Thursday, and said they were acting on a complaint filed by the Chief of Army Staff, Tukur Buratai.

The arrests came days after PREMIUM TIMES turned down the army’s demand to retract news stories about the Nigerian Army and its operations.

Access Bank Appoints Gregory Ovie Jobome As Executive Director, Risk Management Division

Access Bank has announced the appointment of Dr. Gregory Ovie Jobome, as
Executive Director, Risk Management Division.

Dr. Jobome is a thorough bred banking profession with excellent academic pedigree.
He obtained a First Class Degree in Economics from the University of Maiduguri in

Philanthropist Tony Elumelu Leads High Level Team Of Group Executives To World Economic Summit In Davos

Philanthropist and serial entrepreneur Tony O. Elumelu, CON leads a delegation of senior executives from his proprietary investment firm, Heirs Holdings, to the World Economic Forum (WEF), which begins in Davos, Switzerland today.

Elumelu will join global business and political leaders during the event, bringing a message of Africa’s continued economic renaissance and of the critical role that Africa’s private sector is playing in the continent’s transformation. Heirs Holdings executives accompanying Elumelu to the Forum include Transcorp Hotels CEO Valentine Ozigbo and the CEO of The Tony Elumelu Foundation (TEF) Parminder Vir OBE.

Wednesday, January 18, 2017

Idris Usman, Ex Gov Ibrahim Shema’s Loyalist Declared Wanted Over N1billion Sure P Fund

The Economic and Financial Crimes Commission has declared a Kastina-based businessman, Idris Usman, wanted for an alleged N1bn fraud involving the Subsidy Reinvestment and Empowerment Programme otherwise known as SURE-P.
According to the EFCC, the suspect, who is the Managing Director, Idris Kwado and Sons Limited and Aminu Dikko and Sons Limited, was given a contract of N1bn by the immediate-past governor of Kastina State, Ibrahim Shema, who has been charged for an alleged N11bn fraud.

Tuesday, January 17, 2017

CEO Kennedy Uzoka Leads UBA’s Strong Delegation To World Economic Forum In Davos

The United Bank for Africa (UBA) will be strongly represented at the annual meeting of the World Economic Forum (WEF), which begins in Davos, Switzerland today.

UBA CEO Kennedy Uzoka leads a senior executive team, at one of the most important events on the global economic calendar.

The UBA delegation will interact with global business and political leaders during the event. 

The delegation will also include

Costly Mistake as Nigerian Military Jet Mistakenly Dropped Bomb Inside Internally Displaced Persons Camp

Several people are feared dead after a military plane mistakenly dropped a bomb inside the Rann IDP camp in Borno State.

The Rann IDP camp in Kala-balge Local Government Area caters for thousands of persons displaced by Boko Haram.

A source at the camp told PREMUM TIMES that at least hundred people were injured and needed to be evacuated to hospitals.

Monday, January 16, 2017

More Trouble For Heritage Bank As Management Sacks 400 Workers Across Board

Heritage Bank has embarked on mass retrenchment of its workers with 400 staff sacked in December.

According to investigations on Monday, it was indicated that more workers are penciled for sack.

The bank, in October 2014,

Sunday, January 15, 2017

Heritage Bank In Mind Boggling Case Of N4.6billion Fraud

A businessman has accused Heritage Bank Plc of using his company (Oofortech) account with the bank to launder N4, 660, 000, 000.00 (Four Billion, Six Hundred and Sixty million Naira), even as he alleged threats to his life and that of members of his family from people that the bank’s officials gave his contact details, including his office and residential addresses to, without his consent

The businessman, Curtis Chris Odekpe, who is the Managing Director of Ofortech Investments Limited in his statement exclusively obtained

Saturday, January 14, 2017

Sahara Energy Boss Toney Cole Opens Vault Of Wealth To Stage Old Skool 50th Birthday Bash As Moneyed Ingredients Of Leisure Hold Sway At Friday Night Party

Yes, Sahara Energy’s triumvirate of Tonye Cole, Tope Sonubi and Ade Odunsi, are successful young men whose storied and sensational life would make many of their peers feel like they came to the world at a wrong time. Apart from the fact that they are rock solid financially, some days ago, their company once again won the mouth-watering Crude Oil Contracts they have been doing for many years.

Interestingly, however, one man’s definition of excessive is another’s derisory sum. But as an end, the acquisition of wealth by the rich is never ignoble in the extreme; particularly when the affluent is a man who acquires wealth only as a means of enabling him do a lot of good in his days and as a guarantee of unforgettable treats to himself and wards when need be.

It is hardly surprising therefore, that one of the three wise men, Tonye Cole who clocked 50 last Wednesday, would go out of his way to stage a grand birthday party at

Friday, January 13, 2017

Ontario Boss, Billionaire Walter Wagbatsoma , Associated Ada Ugo Nnadi Convicted For Mega Fraud

A Nigerian billionaire, Walter Wagbatsoma, has been convicted of fraud by a Lagos court.

Adaoha Ugo-Nnadi, convicted alongside Mr. Wagbatsoma for fuel subsidy fraud, fainted in the dock Friday as the judge began to read the sentence for her conviction forcing the proceedings to be rescheduled to Monday.

Mrs. Ugo-Nnadi, Mr. Wagbatsoma, and their company, Ontario Oil and Gas, were convicted on an eight-count amended charge of fuel subsidy fraud before the Ikeja Division of the Lagos High Court.

The minimum sentence for the crime is seven years while the maximum is 20 years.

Mr. Wagbatsoma, the first convict, is currently under house arrest in the United Kingdom where he is accused of money laundering.

Raging Battle Over Plot To Remove Ike Ekweremadu As Deputy Senate President

The Peoples Democratic Party (PDP) has condemned the call on Ike Ekweremadu, deputy senate president, to defect to the All Progressives Congress (APC) to retain his position.

Describing the call as an “invitation to anarchy, Dayo Adeyeye, spokesman of the caretaker committee of the party, said the senate does not belong to the ruling party.
On Wednesday, Kabiru Marafa, a senator from Zamfara, advised Ekweremadu to defect to the APC in order to

Thursday, January 12, 2017

Saharareporters Publisher, Omoyele Sowore, Lekan Fatodu Accuser In Blackmail &Threat To Life Charges Cease Fire

The disagreement between Omoyele Sowore, publisher of Sahara Reporters, and Lekan Fatodu, a UK-based journalist, is about to be resolved, following the intervention of some legal practitioners.

Both men were involved in a brawl in Ikeja, capital of Lagos state, on Wednesday.
The police had to intervene, and they were taken to the office of the commissioner of police in the state, from where the matter was transferred to the State Criminal Investigation Department (SCID).
The two of them were released from the station on Wednesday night, but told to report by 2pm on Thursday.

Wednesday, January 11, 2017

Arrested Saharareporters Publisher Omoyele Sowore Moved To SCID Panti

The Lagos state police command have arrested publisher of online news platform, Sahara Reporters, Omoyele Sowore, over allegations of defamation of character and threat to life.

He was arrested at his home in Lagos this afternoon. The command acted based on a petition received from UK based journalist, Lekan Fatodu.

According to the petitioner‎, Sowore had in a publication on his

Tuesday, January 10, 2017

‘’Those Behind My Removal And Why’’ Sacked Majority Leader Ali Ndume Reveals

Borno Senator, Ali Ndume, who was removed as Senate Majority Leader on Tuesday, has revealed why he was ousted.

The president of the Senate, Bukola Saraki, announced Mr. Ndume’s removal shortly before the upper legislative chamber adjourned on Tuesday.

Mr. Saraki read a letter from the All Progressives Congress caucus asking for leadership change.
Mr. Ndume had stepped out of the chamber to observe his early afternoon prayer when Mr. Saraki read

Monday, January 9, 2017

In face Of Outrage Over Pastor Enoch Adeboye’s Ouster President Muhammadu Buhari Kicks Out Jim Obazee Boss Of Agency Behind His Ordeal

President Muhammadu Buhari has approved the immediate removal and the replacement of the Executive Secretary and the reconstitution of the board of the Financial Reporting Council of Nigeria (FRN).
He has appointed a Chairman and a new Executive Secretary for the council.
The sack of the former Executive Secretary Jim Obazee may not be unconnected with stepping down of  Pastor E.A Adeboye as General Overseer of the Redeemed Christian Church of God in compliance with the directive of FRN.

$153m: EFCC Uncovers Diezani’s Hidden Multi-billion Estate In Yenegoa

Who owns this sprawling estate in Yenagoa, Bayelsa State? The Economic and Financial Crimes Commission (EFCC) suspects it belongs to former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke.

It was discovered by operatives of the anti-graft agency in the course of their investigation of public funds allegedly stolen by the former minister.

The investigators conducted a search on some of the houses on the estate.

Friday, January 6, 2017

Emerging Talks Over How Billionaire Walter Akpani’s Performance As Providus Bank’s Managing Director

It is often said that too much money destroys character, corrupts virtue, dishevels morals and feeds the vanities of its random possessors. Thus too many possessors of the legal tender have been found to lose their humanity and souls to its enthralling caprices and vile. But Walter Akpani is remarkably different.
The Managing Director (MD) of newly established Providus Bank is immune to the wiles and ravages of money. Unlike too many of his peer that have fallen to money’s devious charms, Walter, who also owns North West Petroleum is invulnerable to the terrifying charms of the legal tender. Despite his intimidating wealth and stature,
Walter is hardly goaded to believe himself capable of feats otherwise unachievable if he were of modest means.

Fear Of Yayi Still Decorating Governor Ibikunle Amosun’s Govt As Aide, Damoche Is Forced To Resign Over Meeting With Guber Aspirant.

The special assistant to the Ogun State Governor on social media, Damilola Ogunpola, has resigned his appointment.

Mr. Ogunpola confirmed the development on Thursday.

Although there have been rumours that he had a secret meeting with a political rival of his principal, he denied speculations that he had been forced out of his job.

Thursday, January 5, 2017

Oando Boss, Wale Tinubu Gets Lifeline With New Crude Deal

Yes, second chance is a treat for the man who had experienced fortune and rank only to lose it. Fun-loving businessman, Wale Tinubu has finally reencountered bliss in trying hours, like the sojourner who discovers a babbling brook in the middle of the Sahara.

No doubt, Wale has a reason to smile again as his company is one of the 39 companies awarded the mouth-watering crude oil contracts by NNPC.
Interestingly, however,  Wale is not invincible after all. The Oando boss, like the proverbial yo-yo, is manipulable and subject to the whim of gravity and the arbitrary string of fate. He really suffered a great loss in business last year. On his watch, Oando Plc recently suffered N189 billion loss thus raising eyebrows and speculations about his capacity to steer the ship of the oil corporation to prosperous bights.
In the wake of the crisis, Wale appeared on television, looking somber and downcast, as he tried to explain the reasons for the loss in a subtle image laundering campaign. His attempt at currying the favour of his company’s publics however, generated virulent criticisms across the nation’s oil and financial business sectors.

Tuesday, January 3, 2017

President Muahammadu Buhari Removes SGF Babachir Lawal As Presidential Board Committees

President Muhammadu Buhari has removed the Secretary to the Government of the Federation Babachir David Lawal as chairman of the presidential committee on the reconstitution of federal government boards of parastatals, agencies and commissions.

According to a report on Daily Trust, Vice President Yemi Osinbajo has been appointed to chair the presidential committee.

Jigawa Assembly Speaker, Idris Graba Booted Out As Isa Idris Takes Over

The Jigawa House of Assembly on Tuesday impeached its Speaker, Idris Garba and elected Isa Idris of Gwaram Constituency as the new Speaker.

The News Agency of Nigeria (NAN) reports that the Deputy Speaker, Ahmed Garba, presided over the sitting attended by 23 members.

The Clerk of the house, Hussaini Ali, earlier announced that he received an impeachment