First Bank

Monday, February 27, 2017

Ex Minister Musiliu Obanikoro’s Wife Loses Mansion To Federal Govt

A Federal Capital Territory High Court, sitting in Jabi, Abuja, has ordered that Alhaja Moroophat Obanikoro, the wife of a former Minister of State for Defence, Senator Musiliu Obanikoro, should forfeit her property pending the outcome of investigations into her husband and children.
The court also rejected a prayer asking the

Sunday, February 26, 2017

Fresh Trouble For In Hiding Oil Mogul Kola Aluko

Kola Aluko, a Nigerian energy mogul, bought the 79th floor penthouse at One57 for $51 million in 2014. It has four bedrooms, four-and-a-half baths, 6,240 square feet, sweeping views of Central Park — and a past-due $25,000 property tax bill.
And that’s even with the benefit of a 421a partial tax exemption that knocked down what would have been a annual tax bill of $250,000 to $50,000.
But Aluko has bigger problem

Why I May Run For Pesidency, Powerful Politician Bola Tinubu

Bola Tinubu, national leader of the All Progressives Congress (APC), says he may take a shot at the highest office in the land, but

Saturday, February 25, 2017

Tragic End! Jenifer Madike Died On Valentines Day Unsung

Nothing lasts forever; as the seasons turn, so does human life wither to age and disease, everything vanishes like morning dew. This grim reality currently benumbs the hearts of Jennifer’s family members.
Jennifer is dead. But tragic as her demise is, her

Thursday, February 23, 2017

‘’In A Humiliating And Demeaning Manner, The Management Forced Workers To Sign Disengagement Letters’’ Dismissed Staffers Protest Dangote Cement’s Refusal To Honour Terms Of Employment

Sacked truck officers of Dangote Cement Plc. have accused the company of failing to honour the terms and conditions on which they were employed.
Amid solidarity songs, the aggrieved workers stormed the company’s head office at the Union Marble House on Alfred Rewane Road, Falomo, Ikoyi, Lagos, on Thursday to protest against the alleged contract breach.
They said the company had, through

Tuesday, February 21, 2017

Trouble For Ecobank As Security Agents Investigate Fake Bank Account Boasting Alleged N8.4billlion Suspicious Payments

Who owns an account in which N8.4billion has been found?

This is the puzzle that detectives are battling to resolve, following the discovery of the bank account which has no signatories.

The huge deposit has been traced to a bank which is believed to have assisted the money launderers to convert the cash to dollars.

There was suspicion last night that the cash may have been wired into some foreign accounts, but the government has

Ex Gov Ibrahim Shema To Cough Out N1billion To Go Home On Bail!

Ibrahim Shema, former governor of Katsina state, has been granted bail to the tune of N1 billion.

Shema and three others were Tuesday arraigned before a Katsina state high court on 22 count charges of misappropriation of about N11 billion and forgery of government documents.
The ex-governor and his

Sunday, February 19, 2017

Barely 2months After Court Win, Goodie Ibru Resigns As Ikeja Hotels Chairman

Ikeja Hotels Plc Chairman  Mr. Goodie Ibru has resigned from office.
It came barely two months after securing victory in court as the authentic chairman of the hotel.
Ibru, recipient of the national honour of Officer of the Order of the Niger, said he decided to take the move in the interest of the company and the Ibru family.
Ibru, in a statement, anchored his decision on the need to

Fresh Plot To Block Ibrahim Magu’s Confirmation As EFCC Chairman Ongoing

Forces against the Senate confirmation of Mr. Ibrahim Magu as substantive Chairman of the Economic and Financial Crimes Commission (EFCC) appear to be unwilling to back down, The Nation can now reveal.
They are even contemplating heading to the courts to ensure that Magu does not get the job.
His initial nomination was shot down last December by the Senate citing a security report by the Department of State Security (DSS).
The Senate in a 14-paragraph confidential report Magu had failed the integrity test and that if confirmed, he could constitute a liability to the anti-corruption drive of the administration.
An unperturbed President Muhammadu Buhari

REDTV Expands Opertaions With Launch Of Francophone Version, Premiers Boutique Hotel

REDTV, a dynamic online lifestyle channel that puts the spotlight on Africa with a distinct global appeal,launched its Francophone version on Thursday.

The fun-filled event, supported by  the United Bank for Africa (Plc), was held at the Azalaï Hotel in Abidjan Cote d’Ivoire.  It was witnessed by distinguished players in finance, public and entertainment industries in Franco-Phone Africa’s largest economy and other neighbouring countries. The impressive gathering also featured the screening and premier of REDTV’s first francophone TV series, Boutique Hotel.

Notable guests who

Friday, February 17, 2017

Infamous Ex NNPC GMD, Andrew Yakubu’s Trial Begins Next Week

The Economic and Finacial Crimes Commission( EFCC) yesterday finalised plans for the trial of a former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Andrew Yakubu, over $9,772,800 slush cash.
Also, the embattled ex-GMD lost his battle for bail yesterday following the obtaining of a court order by the EFCC  to remand him in custody pending his arraignment in court.
But the EFCC’s  latest investigation revealed that the ex-GMD did not tell his

Presidential Jet’s Inability To Land Forces Acting President Yemi Osinbajo To Cancel Visit To Ondo State

The Acting President, Yemi Osinbajo, was on Friday forced to cancel his trip to Akure, Ondo State capital, due to bad weather.
The presidential jet that conveyed Osinbajo was said to have been unable to land at the Akure Airport due to the situation.
Hence, the aircraft made a return

All The Details Why Police Arrested Chocolate City CEO, Audu Maikori

Audu Maikori, a Nigerian lawyer and CEO of Chocolate City Entertainment, has been arrested by the police. The arrest is linked to his tweets about a fatal attack on his relatives in Southern Kaduna that turned out to be false, his lawyer said Friday.

Mark Jacobs told

Thursday, February 16, 2017

Govt Sieze $153million Linked To Embattled Petrol Minister Diezani Alison Madueke

A federal high court sitting in Lagos has ordered the final forfeiture of $153 million allegedly linked to Diezani Alison-Madueke, former minister of petroleum.

Muslim Hassan, the presiding judge, delivered the ruling on Thursday, saying the Economic and Financial Crimes Commission (EFCC) had evidence that the monies were proceeds of crime.
The EFCC had said the money was taken from the Nigerian National Petroleum Corporation (NNPC) and stashed in

‘’Am Grateful To Nigerians For Their Prayers On My Health’’ President Muhammadu Buhari

President Muhammadu Buhari has expressed appreciation to Nigerians for the prayers offered on his behalf.

Since January 19 when he went on vacation in the UK, different individuals and groups have

Wednesday, February 15, 2017

UBA Wins Most Innovative Bank Of The Year

Pan African banking and financial services group, United Bank for Africa (UBA) Plc has added yet another award to its growing list of laurels as it emerged Most Innovative Bank of the Year at the Independent Newspapers Awards

The award which is a recognition of innovative products and services introduced by the bank in the past years towards meeting customer needs, comes on the heels of recent awards hauled by  the Bank , including Finnacle Client Innovation Awards, and Best Bank Awards won by its 5 subsidiaries  across Africa by The Bankers Magazine.

The event played host to

‘’Give Us A Prompt Response’’ Attorney General Abubakar Malami Tells Central Bank Go Godwin Emefiele In Query Over Allegations Of Big Time Forex Fraud In Apex Bank

The Attorney General of the Federation and Minister of Justice, Mr. Abubakar Malami (SAN), has said there are corruption allegations in the Central Bank of Nigeria’s foreign exchange allocation and transactions.
Malami added, on Wednesday, the fraud allegations were “supported by

Tuesday, February 14, 2017

Ex NNPC Boss Andrew Yakubu Forfeits N3billion Uncovered By Investigators In Hidden Bunker Of His Home To Govt

A court has ordered that the $9.8 million and 74,000 pounds recovered from a house belonging to Andrew Yakubu be forfeited to the Nigerian government.

The anti-graft agency, EFCClast Friday announced it recovered the money (about N3 billion in total) from a Kaduna home of the former head of the state oil firm, NNPC.

Mr. Yakubu, who reportedly admitted owning the money has

N125m Building Rented For Senate President Bukola Saraki Nowhere To Be Found!

A N125 million building purportedly rented for Senate President Bukola Saraki by the Abuja Metropolitan Management Council (AMMC) could not be traced by TheCable after several searches.

And, curiously, nobody is willing to comment on the mystery as all the key players in the affair refused to

Monday, February 13, 2017

MTN Dragged To Court For Negligence In Candidate Umar Tata’s Governorship Election Defeat

A Federal High Court sitting in Kaduna on Monday ruled that it has jurisdiction over a suit before it against MTN.

The case was instituted by Umar Tata, the governorship candidate of APGA in Katsina State during the 2015 general election.

Mr. Tata is accusing the telecommunication company of negligence, which

Sunday, February 12, 2017

AMCON Hunts For N10billion To Revitalise Troubled Arik Airline

The Asset Management Corporation of Nigeria (AMCON) said yesterday that Arik Air would require over N10 billion cash injection before resuming full and uninterrupted operations on its regular domestic and international routes.
The nation’s biggest airline was last Thursday taken over by the Federal Government through AMCON over a N300 billion debt profile.
According to the

Saturday, February 11, 2017

Wife, Aisha Comes Back To Town As Nigerians Eagerly Await Return Of President Muhammadu Buhari

The plane conveying Aisha Buhari, wife of the president, from Saudi Arabia touched down at Nnamdi Azikiwe International Airport, Abuja, around 3:15pm on Saturday.

Aisha arrived in the country at a period when many are awaiting the return of the president who went on a UK vacation last month.
There are reports that Buhari

Doctors To Determine When President Muhammadu Buhari Returns To Nigeria

President Muhammadu Buhari has said he would only return to Nigeria when his London doctors certify him well enough to do so.

“… I am extending my leave until the doctors are

Friday, February 10, 2017

Army Officers Bature Samuel, Abdulazeez Usman Demoted, Jailed For Brutalising Physically Challenged Civilian In Anambra State

The Nigerian Army has announced that two soldiers who assaulted a physically challenged man have been disciplined.
The Army spokesperson, Sani Usman, in a statement on Friday said Bature Samuel and Abdulazeez Usman, who were both corporals have been demoted to privates and imprisoned for 21 days for the assault whose video clip went viral on social media.

Thursday, February 9, 2017

Trouble For Sahara Group’s Trio Tonye Cole, Tope Shonubu & Ade Odunsi As Court Freezes Company’s Bank Accounts Over $1.9m Debt!

A Federal high court sitting in Lagos, south west Nigeria has ordered interim attachment of all funds and stakes accruable to an Oil company, Enageed Resources Ltd (a member of Sahara Group), covering Oil Prospecting Licence (OPL) 274, due to non payment of $1.9 million.
The court also restrain the directors and officers of the company owned and controlled by three Nigerian businessmen, Cole Tonye, Shonubi Temitope, and Odunsi Ade from receiving payments from 12

EFCC Recovers $9.2m, £72,000 In Raid Of Former NNPC GMD, Andrew Yakubu’s Home

Economic and Financial Crimes Commission (EFCC) operatives raided the home of Andrew Yakubu, former General Managing Director of the Nigerian National Petroleum Corporation (NNPC), in Kaduna city on Thursday.
The agents recovered $9.2 million from Mr. Yakubu's safe and an additional 

Filmmaker Seun Egbegbe Stays Put In Police Custody As Phone Theft Case Is Adjourned

Filmmaker Seun Egbegbe’s phone theft case was a no-show on Wednesday as his matter was adjourned until April 12, 2017.
Egbegbe made headlines in November last year when he was caught stealing nine

Tuesday, February 7, 2017

Gov Nyesome Wike, Inspector General Of Police Ibrahim Idris Fight Over Recovered N111.3m Rivers Rerun Election Bribe Money

The police said yesterday that they recovered N111.3 million from 23 Independent National Electoral Commission (INEC) officials who conducted the December 10, 2016 rerun in Rivers State.

The cash, they claimed, is part of the N360 million bribe allegedly paid by Governor Nyesom Wike to compromise

Beware! These Are How You Know Your Phone Is Being Monitored.

Almost everyone is using a smartphone in Nigeria. What many of these smartphone users don’t know is if their phones are being tapped or not. If you don’t know, there are a number of reasons your phone can be tracked.
One reason is when you

Ex Reps Member Chidi Duru Gets Bail In Fraud Case

An Abuja high court on Tuesday granted bail to Chidi Duru, a former member of the house of representatives, who was on a four-count charge of alleged fraud.

The charge bothered on diversion of funds and criminal breach of trust.
At the beginning of proceedings,

How Akinsola Akinfemwa Is Able To Retain Seat As Heritage Bank Chairman In Face Of Expected Kick Out

Contrary to expectations, Heritage Bank Chairman Akinsola Akinfemwa is not stepping down from his position any time soon.

The known name was expected to move out of his position in December 2016.

He was said to have made preparations towards this and initiated moves to

Mike Ozekhome’s Bank Account Frozen By Court Order!

A Federal High Court in Lagos on Tuesday ordered the temporary forfeiture of N75 million in the account of a Senior Advocate of Nigeria, Mike Ozekhome, domiciled with Guaranty Trust Bank (GTB).

The court

Monday, February 6, 2017

‘’Malicious & Misleading’’ Ex Gov James Ibori Claims He Wasn’t Deported After Serving Jail Term Abroad As He Distances Self From Celebrated Twitter Account

A former Delta State governor, James Ibori, who returned to Nigeria on Saturday after serving out his jail term in the United Kingdom December last year, has denied being deported by the British authorities to Nigeria.
He described the reports as malicious and misleading.
Ibori also reiterated that the trial leading to his conviction

‘’Though Not Openly Budgeted For, Allowances Of Ex Presidents Sufficiently Captured In 2017 Budget’’ SGF Babachir Lawal Asserts

After Having His Rep Turned Down, SGF Babachir Lawal Claims Death Of Sports Minister’s Wife Caused His Absence At Budget Defence When He Finally Appeared Before Senate
The Secretary to the Government of the Federation, Mr. Babachir Lawal, on Monday appeared

Gov Fayose Wants Me Dead Estranged Ally Kashamu Buruji Cries Out

Kashamu, who is fighting extradition to United States over claim he headed a heroin trafficking ring in the US in 1990s said Fayose, and others he failed to mention were behind the efforts to extradite him.
He stated that his ‘enemies’ were not comfortable with his popularity which was brought about by his generosity, and so want him dead.

Sunday, February 5, 2017

285 Drivers Declared Wanted As Theft Of 3.5million Customised Tyres Rocks Dangote Group

The Dangote Group of Companies Plc has declared 285 truck drivers wanted over theft of about 3.5 million customised tyres of the company.

The Coordinator of the company’s National Patrol Unit, Abdullahi Magaji, a retired commissioner of police, disclosed this

Saturday, February 4, 2017

No More Nationwide Protest!...As Tuface Backs Off Over Security Concerns

Popular artiste, Innocent Idibia, better known as Tuface, has canceled the much-publicised February 6 anti-government protest, citing “security challenges”.

In an Instagram post and a short video via his official handle @official2baba late Saturday, Tuface announced

James Ibori Heads To Delta State After Meeting With DSS Boss In Abuja

James Ibori has left the Department of State Services (DSS) in Abuja after holding a meeting with Lawal Daura, the director-general.

The former governor of Delta state returned to the country on Saturday after serving a jail term for fraud in the UK.

Friday, February 3, 2017

Reasons Behind Resignations Of Skye Bank Directors

Skye Bank has announced the voluntary resignation of some of its Executive Directors from the services of the Bank.

The Directors who had served in Executive Management capacity for nearly two years had been part of the

Thursday, February 2, 2017

FG, UBA Restate Commitment To Developing Creative Industry As REDTV’s Our Best Friend’s Wedding Premieres In Lagos

REDTV’s ‘’Our Best Friend’s Wedding’’ Restates FG, UBA’s Commitment To Developing Creative Industry

REDTV, a dynamic online lifestyle channel that puts the spotlight on Africa with a distinct global appeal, in conjunction with The Naked Convos has premiered a new web-series titled, ‘Our Best Friend’s wedding’.  REDTV is supported by the United Bank for Africa’s (UBA Plc)

The impressive gathering which held this past weekend, attracted a good number of

Wednesday, February 1, 2017

Lagos Police Commissioner Fatai Owoseni Says Tuface’s Nationwide Protest Against Bad Govt Will Not Hold Based On Intelligence Report

The Lagos State Police Commissioner Fatai Owoseni on Wednesday said he will not allow the planned protest against the Federal Government slated for February 5 to hold in the state.

Popular musician, TuFace Idibia who joined the call for protest by some concerned Nigerians over the state of the nation, had used