First Bank

Thursday, March 30, 2017

President Muhammadu Buhari Opts Out Medical Trip Aborad, Invites Doctors To Nigeria

President Muhammadu Buhari on Wednesday changed a plan by which he was due to return to London this weekend for another round of medical treatment, barely two weeks after his return from a hospital there.
Instead, his doctors will be arriving on

Wednesday, March 29, 2017

Zenith Bank’s B’Ball League Kicks Of April 10 As DMD Ebeezer Onyeagwu Declares ‘’It Is A delight Many Of The Players Represent Nigeria At International Competitions’’

The 2017 Zenith Bank Basketball League has been scheduled to start on April 10 in Abuja with the financial institution committing N35m to the sponsorship of the competition.

The Deputy Managing Director of the bank, Ebenezer Onyeagwu, on Tuesday at the Zenith Corporate headquarters in Lagos told

Monday, March 27, 2017

Former President Obasanjo’s Wife, Taiwo Files Court Case To Postpone Son’s Wedding To Kessignton Adebutu’s Daughter, Tope

Taiwo Obasanjo, wife of former President Olusegun Obasanjo, on Monday filed a suit at an Ikeja high court, seeking to stop the wedding of her son, Olujonwo, scheduled for May 11.

Ex-President Obasanjo and the father of the bride, Kessington Adebutu, promoter of premier lotto known as ‘Baba Ijebu’ are respondents to the suit.

Sunday, March 26, 2017

Guinness Nigeria Problems Mounts As Internal Crisis Stop Moves To Raise Funds In Battle Against Unfavourable Market

There are fresh indications as to why Diageo Plc, the parent company of Guinness Nigeria Plc, failed in its bid to increase its share capital in the brewery giant.
It may be recalled that Diageo had in mid September 2015 announced its intention to make an offer through its wholly owned subsidiary, Guinness Overseas Limited for up to 15.7% of the share capital of

Saturday, March 25, 2017

How Transcorp Power Is Positively Impacting On Host Community

On the 13th of March 2017, Transcorp Power Limited commissioned a 115MW gas turbine to much fanfare. This commissioning is one of three milestones the GENCO intends to achieve in order to increase the power plants total generating capacity to 850MW.

 This by all standards is truly an impressive feat considering the fact that the plant had a total generating capacity of 160MW when it was acquired by Transcorp Power Limited, barely three years ago. 

As remarkable as the commissioning was to those at the event, the

President Muhammadu Buhari Prepares To Visis Sambisa Forest On Monday

President Muhammadu Buhari is expected to declare open this year’s Nigerian Army Small Arms Championship in Sambisa forest in Borno.

David Ahmadu, the Chief of Training and Operations, Nigerian Army headquarters, disclosed this at a news conference on the championship in Maiduguri on Friday.

Share Manipulation Case Brought Against GTbank By Widow & 8yr Old Daughter Of Late Founder Tayo Aderinokun Continues

The Federal High Court in Lagos on Friday adjourned further proceedings till March 28, 2017 in a suit filed against Guaranty Trust Bank and six others by Miss Oluwatise Aderinokun, daughter of a former Managing Director of GTBank, the late Olutayo Aderinokun.
Eight-year-old Aderinokun, who sued through her mother, Mrs. Salamotu Aderinokun, alleged manipulation of her late father’s shares in GTBank.

Joined as co-defendants with GTBank in the suit are

Wednesday, March 22, 2017

Dream Come True: Tony Elumelu Foundation Announces 1,000 Successful Applicants Out Of 93,000

The Tony Elumelu Foundation (TEF), an African founded and funded 21st century philanthropic organization committed to entrepreneurship development, ushers in an additional 1,000 African entrepreneurs. 

Applications were received from over

Shareholders Hail Zenith Bank’s N507.9 Billion Earnings

Shareholders of Zenith Bank Plc yesterday hailed the management and board of the bank for an impressive performance for the year ended December 31, 2016.

The shareholders who spoke at the Annual General Meeting (AGM) in Lagos said the gross earnings of N507.997 billion recorded in 2016, up from N432.535 billion in 2015, was highly commendable considering the challenging operating environment.

They were also highly impressed with the profit before tax of N156.748 billion recorded in 2016, which showed a significant jump above the n125.616 billion in 2015.Similarly, profit after tax rose from

Tuesday, March 21, 2017

Ex NNPC M.D, Andrew Yakubu Gets N300m Bail

Ahmed Mohammed, justice of the federal high court, Abuja, has granted Andrew Yakubu, former group managing director of the Nigeria National Petroleum Corporation (NNPC), bail in the sum of N300m.

Yakubu, who has spent four days at Kuje prison, is also required to present two sureties.
Last Thursday,

Governor’s Son Khaleed Umar Al-makura Arrested Over Death Of JSS 2 Student

Khaleed Umar Al-Makura, son of Nasarawa state governor, has been arrested in connection with the death of Ovye Amos, a JSS 2 student of Government Secondary School, Lafia.

Amos died on Sunday night after being hit by a

AMCON Unveils Keystone Bank Buyers

The Asset Management Corporation of Nigeria has announced Sigma Golf Nigeria Limited and Riverbank Investment Resources Limited (the Sigma Golf-Riverbank Consortium) as the new investors in relation to the

Sunday, March 19, 2017

Fierce Looking Guards All Over The Venue, Keep Off Prying Eyes As Sahara Energy’s Tope Shonubi Celebrates 50th Birthday With Lavish Party

Exactly three months after a principal partner in Sahara Energy, Tonye Cole held Lagos spellbound with a 50th birthday celebration that people are still talking about, another Director of the oil company, Tope Sonubi also lighted up the Lagos scene some days ago as he threw a private party to also celebrate his golden age

Transcorp Hotels Plc Comes To Town With N4.5bn Profits, Announces Dividend Of 40k Per Share For Full Of Praises Shareholders

Transcorp Hotels Plc has announced a profit after tax of N4b at its 3rd Annual General Meeting which took place at Transcorp Hilton Abuja. At the meeting, the Shareholders of Transcorp Hotels Plc   commended the management and staff of the Company for recording a strong financial and operational performance in the financial year ended 31st December 2016, with improvements across all

N2m Per Night Hotel, Cedar In Ruins & Under Lock 7yrs After Assassination Of Owner Kunle Adeagbo

In Pablo Nurada’s poetic line, Nothing But Death ‘…death arrives among all that sound, like a shoe with no foot in it, like a suit with no man in it, comes and knocks, using a ring with no stone in it, with no finger in it…’ thus explains the dilemma of the dead as it comes to late socialite, Kunle Adeagbo whose business has come to ruins just 7 years into his demise.
The late Adeagbo’s Royal Cedar hotel at the high brow Alalubosa GRA in Ibadan was the

Report Scampered Out Of Town Oil Baron & Aiteo Boss, Benny Peters Hiding In Ghana Surfaces

If you are as obscenely wealthy and have unfettered access to foreign currency like Benny Peters, billionaire businessman behind Aiteo, you can live anywhere in the world as your vanity dictates.

Saturday, March 18, 2017

Elumelu Speaks On Africapitalism To Youths At Ghana’s Leading Institution

Tony Elumelu visited Ghana as the first stop of his UBA tour of Africa, propagating the ideal of Africapitalism.  In continuation of his strategic vision of engineering a robust economic and business relationship across the continent through Africapitalism as a necessary tool for the socio economic development of Africa,   the Group Chairman UBA Plc, and Founder of the Tony Elumelu Foundation, Mr. Tony O. Elumelu, spoke at the prestigious

Friday, March 17, 2017

Zenith Bank Restates Commitment To Sport Development With Zenith Bank Delta Principal’s Cup

The Deputy Managing Director, Zenith Bank Plc, Mr. Ebenezer Onyeagu, yesterday restated its unwavering commitment to empowering youths in Delta State through sports development.

Mr. Onyeagu spoke at

Thursday, March 16, 2017

Former NNPC With $9.8m, £74, 000 Discovered In Raid Of His Home, Andrew Yakubu Goes To Prison

A federal high court in Abuja has ordered the remand of Andrew Yakubu, former group managing director of the Nigerian National Petroleum Corporation (NNPC),  in Kuje prison.

Ahmed Mohammed, a judge, gave the order after the Economic and Financial Crimes Commission (EFCC) arraigned Yakubu on a six-count charge of fraud.
This followed the recovery of $9.8 million and £74, 000 from his Kaduna residence.
Yakubu, who

Wednesday, March 15, 2017

All The Details As Heritage Bank Director Mary Akpobome Remains ‘’Suspended’’, M.D Ifie Sekibo Keeps Away From Office

There is crisis at Heritage bank.

And it stems from raging nasty fight for control.

The situation is said to be the chief reason Managing Director Ifie Sekibo has

At Last EFCC Arrests Ex President Goodluck Jonathan’s Associate, George Turnah

Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested Alabh George Turnah, an ally of former President Goodluck Jonathan.

Turnah served as special adviser to Dan Abia, ex-managing director of the Niger Delta Development Commission (NDDC).
He was arrested in

Monday, March 13, 2017

Witness, Timothy Olaobaju Tells The Story Of How Ex Petroleum Minister Diezani Madueke Stashed $115m In Bank, Disbursed It To Dele Belgore, Abubakar Sulaiman, Others

An official of Fidelity Bank Plc, Mr. Timothy Olaobaju, on Monday narrated how a former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, stashed away a sum of $115,010,000 in the bank with subsequent instruction to change it into naira and distribute it among individuals in the 36 states of the federation.
Among the beneficiaries, Olaobaju said, were

Ex Attornet General Mohammed Adoke Insists Former Presidents Olusegun Obasanjo, Goodluck Jonathan In The Know Of Controversial Malabu Oil Deal

Mohammed Adoke, former attorney-general of the federation (AGF), has written a letter to Abubakar Malami, minister of justice, maintaining his innocence in the controversial Malabu oil deal.

The Economic and Financial Crimes Commission (EFCC) has alleged that Adoke exchanged more than $2.2 million in a bureau de change in Abuja as part of his own share, an allegation he denied.
Adoke wondered why the anti-graft agency singled him out for prosecution when he did

Saturday, March 11, 2017

Ecobank Stops Purchases Of Brand New Cars To Directors, Other Senior Staffers In Fight Against Economic Downturn

Financial institution, Ecobank is ruthlessly cutting costs.

‘’it is the management's approach to battle economic recession’’ a source provided reasons.

Information available have it that the

Just Returned President Muhammadu Buhari Set To Make ''Earth Shattering '' Cabinet Reshuffle

President Muhammadu Buhari has concluded plans for a major overhaul of his administration, reliable sources in government told SUNDAY PUNCH over the weekend.
The sources, who spoke on condition of  anonymity because of the sensitive nature of the subject, said the changes were going to be ‘earth-shattering’

Friday, March 10, 2017

7days Mourning Declared For Samuel Ogbemudia By Edo Gov Godwin Obaseki

Governor Godwin Obaseki of Edo State has declared a seven-day period of mourning in honour of Dr Samuel Ogbemudia, a two time governor of the former Bendel State.
Obaseki, in a

‘’I Dont Want To Be Associated With GTBank’’ Sensational Singer & Composer Of Bank’s Popular Theme Song ‘’Place To Be’’ Asa Distances Self From Financial Institution

Singer Asa doesn’t want anything to do with Guaranty Trust Bank (GTbank), the financial institution she composed famous theme song, ''the place to be'' for - again..

And she has proclaimed this publicly.

She made her position known in a

‘’What I Went Through During Medical Vacation In U.K’’ President Muhammadu Buhari

President Muhammadu Buhari has opened up on his  health condition, saying he has never been so sick in his life.

Buhari returned to the country on Friday after a 49-day medical vacation in the

Finally President Muhammadu Buhari Returns Home After 51days Vacation In London

President Muhamadu Buhari has returned to Nigeria, after 51 days on vacation in London, United Kingdom.

Femi Adesina, the special adviser on media and publicity to the president, said Mr. Buhari’s  plane landed in Kaduna  well after today in Kaduna, debunking earlier reports that the president flew in at about

“We are now at the helipad at the

Thursday, March 9, 2017

INEC Withdraws Certificate Of Return Issued To Lawmaker Sunday Aghedo

The Independent National Electoral Commission has withdrawn the Certificate of  Return issued to Hon Sunday Aghedo representing Ovia South West Constituency in the House of Assembly.
It issued the Certificate of Return to Mr. Godwin Adenomo in compliance with

Wednesday, March 8, 2017

‘’Our Story’’ Heritage Bank Speaks On Director Mary Akpobome’s Reported Suspension

Our attention has yet again been drawn to an online news story on

Heritage Bank’s Problems Rages On As Powerful Director Mary Akpobome Is Sent On Suspension To Go Recover Hugely Funds Given Out As Loans She Signed Off On

Heritage Bank of Nigeria has taken an unprecedented step against one its executive directors, Mary Akpobome, who happens to be the wife of popular Nigerian comedian Ali Baba: an indefinite suspension to go and recover loans she signed off on.
Heritage Bank is facing difficulties arising from insider abuse and self-dealing.

Telecom Company, Etisalat’s Operation In Jeopardy Over $1.72billion Debt

Despite the intervention of the Nigerian Communication Commission, NCC, to broker a peaceful resolution between Etisalat Nigeria and a consortium of banks, it appears the effort may not have yielded a truce, as the banks are set to take over the telecoms firm

Monday, March 6, 2017

All The Details Of Stephanie Otobo, Apostle Johnson Suleman Raging Sex Scandal

The General Overseer of Omega Fire Ministries Worldwide, Apostle Johnson Suleman, on Monday distanced himself from the arrest and detention of Stephanie Otobo by the police on March 3 over an alleged blackmail offence.
The allegation against Suleman came about one month after his interrogation by the Department of State Services over an alleged incitement in his sermon in which he said  Fulani herdsmen who came near his church should be killed.
The cleric

Sunday, March 5, 2017

Pancreas Cancer Takes Away Omatek Boss, Florence Seriki At 54

The Founder and Chief Executive Officer of Omatek Ventures Plc, one of Nigeria’s pioneer and indigenous Original Equipment Manufacturers, Mrs. Florence Seriki, has died.

Omatek specialises in the manufacturing of computers and other Information and Communications Technology devices.

The news of her death was

Saturday, March 4, 2017

Fierce Looking Security Operatives Raid Home Of Ex President Goodluck Jonathan’s Godson, George Turnah

A team of the Economic and Financial Crimes Commission (EFCC) has ransacked the palatial home of George Turnah, popularly known as the godson to former President Goodluck Jonathan.

The fierce-looking operatives reportedly stormed the courtyard of Turnah located at Kolo Creek, Ogbia local government area with scores of fully-armed mobile policemen and soldiers.

They were said to have

Wednesday, March 1, 2017

Govt Seizes 47 Jeeps From Ex Perm Godknows Igali In Fight Against Corruption

Godknows Igali, a former permanent secretary in the ministry of power, has reportedly forfeited 47 sport utility vehicles (SUVs) to the federal government.

According to The Nation, the information was contained in a report which the Economic and Financial Crimes Commission (EFCC) submitted to the senate committee on financial crimes and anti-corruption.

The commission was quoted to have said the cars

‘’Why Should i?’’ 82yr Old Ambassadorial Sylvanus Nsofor Declines Senator Gbenga Ashafa’s Request To Recite National Anthem During Screening But Answered More Serious Questions

The Senate Committee on Foreign Affairs, on Wednesday, screened an 82-year-old non-career ambassadorial nominee, Justice Sylvanus Nsofor (retd.), who refused to recite the National Anthem when he was asked to do so.
The refusal by the nominee to recite the anthem had shocked members of the committee.
The nominee is one of the 46 on

Late Tayo Aderinokun’s Widow, Salamatu, 8yr Old Daughter Oluwatise Drag GTbank To Court Alleged Manipulation Of Late Managing Director & Founders Shares

A Federal High Court in Lagos on Tuesday adjourned till March 24, 2017, hearing in the suit filed by Miss Oluwatise Aderinokun, the eight-year-old and last child of the late founder and former Managing Director of Guaranty Trust Bank Plc (GTB), Olutayo Aderinokun, against the bank and six others over alleged manipulation of her late father’s shares.

Others respondents in the ensuing legal battle are GTBank’s