First Bank

Thursday, December 30, 2021

UK bank mistakenly pays out 130M pounds on Christmas Day


Tens of thousands of people awoke on Christmas morning to a surprise from an unexpected benefactor - Santander.

The bank mistakenly deposited £130m into 75,000 accounts on 25 December.

Santander's staff are now rushing to claw back the money, although the job is being made more difficult because much of it was deposited in accounts at rival banks, according to The Times.

The error occurred when payments from 2,000 business accounts were made twice.

"We're sorry that due to a technical issue, some payments from our corporate clients were incorrectly duplicated on the recipients' accounts," the bank said in a statement.

"None of our clients were at any point left out of pocket as a result and we will be working hard with many banks across the UK to recover the duplicated transactions over the coming days."

It said the mistake may have meant that some people were, in effect, paid twice from their employer's account, although the second payment was funded by Santander.

The bank stressed that it had already begun speaking to the rival banks - which The Times said included Barclays, HSBC, NatWest, Co-operative Bank and Virgin Money.

Santander said those banks would "look to recover the money from their customers' accounts."

However, it was not clear how the banks would respond if their customers had already spent the money, meaning returning it would push them into overdraft.

Santander indicated that it may contact people directly to get the money back. 

Wednesday, December 29, 2021

Nigeria appoints Jose Peseiro as Super Eagles head coach


Jose Peseiro has been appointed as the new head coach of the Super Eagles.

The Nigeria Football Federation (NFF) announced Peseiro’s appointment in a communique on Wednesday evening.

Tuesday, December 28, 2021

Firstbank, Driving Dollar Remittances, Economic Growth Via Imtos

 


By Chinwendu Obienyi 

For centuries, there have been heated debates over the sources of economic growth in developing economies and why some countries reflect strong economic growth compared to others.

The hypotheses have often centred around crude oil, agriculture, revenues, private capital, bubbling stock market, stable security, low unemployment rate, high standard of living amongst others. But in recent times, one factor that has been added to this list is diaspora remittances as it is one of the major international financial resources, which sometimes exceed the flows of foreign direct investment (FDI).

 

Remittances promote economic growth by increasing household income and increasing income creates the opportunity to boost consumer spending, accumulation of assets, promotion of self-employment, and investment in small business.

 

Data from the World Bank in 2014 indicates that global remittances stood at $430 billion dollar in 2011 and was 0.31 per cent of global GDP in 2009. The impact of remittances on any economy is more profound in developing countries because they receive $307.1 billion of the total N416 billion inward remittances, amounting to about 74 percent.

 

Remittances also account for about 27 percent of the GDP of developing countries. According to the World Bank, remittances flows to the developing world have reached $414 billion in 2013 (up 6.3 per cent over 2012), and are now, behind foreign direct investment, the second largest source of external financial flows to developing countries.

 

Daily Sun investigations reveal that the enormous upward movement in remittances payments may be attributed largely to two factors, namely; immigration between developing and developed countries which increased dramatically in the past 20 years and declined in transaction costs as technological improvements have allowed for faster, lower cost mechanisms for the international transfer of payments between individuals.

 

This means that it is different from other external capital inflows like foreign direct investment, foreign loans and aids due to its stable nature. Little wonder why the Central Bank of Nigeria (CBN) unveiled a new policy in 2020 that granted unfettered access to forex from the diaspora and other money transfer remittances like Western Union and MoneyGram.

 

The bank also clarified transactions that are eligible under the policy in line with global best practices. The policy allows beneficiaries of diaspora remittances through International Money Transfer Operators (IMTOs) to henceforth receive such inflows in the original foreign currency through designated bank of their choice. It explained that the new regulation was part of efforts to liberalise, simplify and improve receipt and administration of diaspora remittances into Nigeria.

 

Under the new policy, recipients of remittances may have the option of receiving such funds in foreign currency cash (US Dollars) or into their ordinary domiciliary account.

 

“These changes are necessary to deepen the foreign exchange market, provide more liquidity and create more transparency in the administration of Diaspora remittances into Nigeria,” the apex bank stated.

 

It explained that the changes would help finance a future stream of investment opportunities for Nigerians in the Diaspora, while also guaranteeing that the recipients of remittances would receive a market- reflective exchange rate for their inflows.

 

Backed by these words, several commercial banks swung into action to tap into this virgin zone by introducing a variety of offers that yield fruits as more remittances started coming in.

 

However, the CBN in March 2021, in a bid to encourage more inflows, introduced a new incentive tagged “Naira 4 Dollar Scheme”. In a circular signed by Saleh Jibrin, CBN ‘s Director, Trade and Exchange Department, said, the scheme would allow all recipients of diaspora remittances to be paid N5 for everyone dollar received.

 

This explains why First Bank of Nigeria Limited chose to expand diaspora remittances inflow into the country by increasing its network of International Money Transfer Operators (IMTOs) targeted at easing accessibility of its customers to receive money from close to 100 countries across the world in a safe and secured manner.

 

Before then, it was on record that FirstBank has maintained a long-standing partnership with Western Union, MoneyGram, Ria, Transfast, and WorldRemit. The Bank is also in partnership with other IMTOs including Wari, Smallworld, Sendwave, Flutherwave, Funtech, Thunes and Venture Garden Group to promote remittance inflows into the country, thus putting Nigerians and residents at an advantage in receiving money from their families, friends and loved ones across the bank’s 750 branches especially in this Yuletide season.

 

For potential customers without an existing domiciliary account, they can have their dollar account automatically created for their remittances and can also receive inflow directly into their account through Western Union.  In addition, FirstBank has launched its wholly owned remittance platform named First Global Transfer product to promote the international transfer of funds across its subsidiaries in sub-Saharan Africa. These subsidiaries include FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone, and FBNBank Senegal.

 

Reiterating the bank’s resolve in promoting diaspora remittances, regardless of where one is across the globe, the Deputy Managing Director, Mr Gbenga Shobo said, “At First Bank, expanding our network of International Money Transfer Operators is in recognition of the significant roles diaspora remittances play in driving economic growth such as helping recipients meet basic needs, fund cash and non-cash investments, finance education, foster new businesses and debt servicing.

 

We are excited about these partnerships, as it is essential to ensure our customers are at an advantage to receive money from their loved ones and business associates, anywhere they are across the world.”

 

Having been at the forefront of pioneering international funds transfer and remittances over 25 years ago, it is safe to say the bank’s wealth of experience and operation in over 750 locations nationwide gives it the edge in the market.

 

With its total principal standing at N100 billion and over one million customers to service in 2020, FirstBank is providing prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand, a credible financial partner, thus promoting economic growth and development.

 

Culled from The Sun 

 

Friday, December 24, 2021

Titan Trust Bank takes over Union Bank


Titan Trust Bank Limited, which barely three years ago won the central bank’s permit to run within Nigeria, is acquiring 89.4 per cent stake in Union Bank of Nigeria Plc.

“Completion of the transaction is subject to obtaining applicable regulatory approvals and the fulfilment of certain conditions precedent,” Union Bank told Nigerian Exchange Limited (NGX) in a note on Thursday.

The transaction will soften the ground for Titan Trust to hold the largest equity stake by a single investor in any of the country’s publicly quoted banks.

That implies only a limited portion of Union Bank’s shares will be readily available in the open market when the deal is delivered except a corporate resolution to sell down parts of the newly bought interest happens.

Wednesday, December 22, 2021

Folorunsho Alakija's Husband Suspended For Physical Assault By Ikoyi Club

 

The popular Ikoyi Club in Lagos has announced the suspension of Modupe Alakija, the husband of billionaire businesswoman, Folorunsho Alakija.

The club said Mr. Alakija, 72, will remain suspended till November 30, 2022.

According to a circular signed by Bamidele Ibironke, the Honorary Secretary of Ikoyi Club, Mr Alakija, a lawyer, was suspended over physical assault and abuse.

“The above-named member of the Club is hereby placed on a one-year suspension from the Club for physically assaulting and abusing a fellow member, conduct injurious to the interest of the Club, thereby violating Rule 9(C) of the Club’s Rule Book.

FIRSTBANK: UNLOCKING WEALTH IN SALARY ACCOUNT


Kayode Tokede examines ways monthly salary earners with FirstBank accounts can benefit from the lender’s numerous loans initiatives amid harsh economy

In time past, monthly income earners – especially bank customers – were unable to have quick access to personal loans to meet their immediate financial needs due to the stringent conditions.

The Central Bank of Nigeria (CBN) had introduced the Know-Your-Customer (KYC), among other policies, to enhance financial inclusion and reduce the incidence of related identity fraud in the banking sector. These have enhanced the capabilities of banks to grant soft loans to customers.

Tuesday, December 21, 2021

Aisha Buhari’s aide debunks pregnancy rumour


Photos of Aisha have been in circulation on social media in connection with insinuations that she’s with a child.

The photos had surfaced after the first lady landed in Abuja on her return from the Turkey-Africa summit which she had attended with President Muhammadu Buhari.

Following the development, rumours claimed that she was suffering an ailment while other social media users alluded to pregnancy.

Saturday, December 18, 2021

Tiwa Savage Steps Out In Multi-million Naira Diamond Encrusted Necklace


Afro beats Queen, Tiwa Savage has for years ruled the music industry in Nigeria with her sultry voice and hit songs.

Last night at her headline show at the Livespot X Festival in Lagos, she added another reason why her claim to the throne is yet undisputed.

The singer and songwriter for her performance at the festival wore a diamond encrusted necklace designed by Atlanta-based jeweller, Ice Box.

The necklace which is rumored to be worth over 10 million naira added to the euphoria of the night as Tiwa Savage performed all of her biggest hit to a teeming and excited audience.

Thursday, December 16, 2021

I am simply an investor, and not interested in becoming FBN Holdings chairman - Femi Otedola


Billionaire and businessman, Femi Otedola, says he has no interest in holding any top position in FBN Holdings or any of its subsidiaries.

Otedola said this on Wednesday at the ExecuJet Private terminal in Lagos.

He said the recent acquisition of shares in FBN Holdings is purely an investment decision.

“Being the single largest shareholder doesn’t mean I must necessarily hold a position in the bank. I believe in allowing competent people to run institutions in a professional manner and to the benefit of all the stakeholders,” he said.

“That is an institution with a world-class corporate governance structure and a strong performing management that creates value and guarantees returns in form of dividends and capital appreciation.”

According to him, the major focus of any good investor is to see opportunities where others don’t, saying that he was convinced that FBN Holdings has a bright future, is strong, solid, and would remain a dominant player in the Nigerian financial services sector.

“I am simply an investor who saw an opportunity in the financial institution and decided to take advantage of it through the investment I have made. My interest, contrary to speculation, is not to become chairman of the bank or its Holdco. Moreover, I am in semi-retirement,” he added.

TheCable

Tuesday, December 14, 2021

EFCC drags Fani-Kayode to court over fake medical report


The Economic and Financial Crimes Commission (EFCC) on Tuesday dragged former Aviation Minister, Femi Fani-Kayode, before the Special Offences Court in Ikeja, over his alleged procurement of a fabricated medical report.⁣


EFCC claimed that Fani-Kayode procured one Dr. Ogieva Oziegbe to issue the fake medical report, which he allegedly tendered in before the Federal High Court in his ongoing money laundering trial.⁣

Fani-Kayode, a recent defector to the ruling All Progressives Congress(APC), was marched before Justice O.O Abike-Fadipe by EFCC operatives for possible arraignment at about 9:00 am⁣

Wednesday, December 8, 2021

Court Adjourns Fred Ajudua’s Alleged $8.4m Fraud Trial Till Feb.15


Justice Josephine Oyefeso of the State High Court sitting in Ajah, Lagos has adjourned till February 15, 2022 further hearing in the trial of Fred Ajudua for an alleged $8.4million fraud.

The adjournment followed a claim by the defence that Ajudua had tested positive for the Coronavirus Disease, COVID-19 on December 3, 2021.

The Economic and Financial Crimes Commission, EFCC, is prosecuting Ajudua for allegedly defrauding a former Chief of Army Staff, Ishaya Bamaiyi, of $8.4million, while they were both in Kirikiri Prison, Lagos in 2004 for different offences.

Alleged N1.4bn Fraud: Court Warns Nadabo Energy Boss’ Lawyer Over Absence, Adjourns Trial Till Dec. 8


The ongoing trial of Abubakar Ali Peters and his company, Nadabo Energy Limited, for an alleged N1.4billion fraud before Justice C.A. Balogun of the Lagos State High Court sitting in Ikeja could not continue today, December 7, 2021, owing to the absence of the defence counsel in court.

Abubakar and his company, Nababo Energy Limited, who were arraigned on December 10, 2012, are being prosecuted by the Economic and Financial Crimes Commission, EFCC, for allegedly using forged documents to obtain the sum of N1, 464,961,978.24 from the Federal Government as oil subsidy, after allegedly inflating the quantity of Premium Motor Spirit, PMS, purportedly imported and supplied by the company.

Monday, December 6, 2021

N2bn Fraud Trial: Ex-Niger Gov. Babangida Aliyu, Others’ Trial Adjourned Till Feb 21


…Defendants Take Fresh Pleas on Amended Charges

Justice Mikail Aliyu of the Niger State High Court today adjourned further hearing in the corruption trial of a former Niger State governor, Muazu Babangida Aliyu and two others; Tanko Beji and Umar Nasko till February 21, 22, 23, 24 and 25, 2022.

At the last session on Wednesday, December 1, 2021, the tenth prosecution witness and former Permanent Secretary, Government House, Hamisu Musa Jankaro had told the court how Umar Nasko, as Chief of Staff to Aliyu, instructed the disbursement of monies from the Security Vote. Various documents were tendered and admitted in evidence. The court subsequently adjourned to today December 2, for the prosecution to present another witness.

Ebenezer Onyeagwu Emerges “CEO of the Year” as Zenith Bank Wins 'Most Responsible Organisation in Africa’ at SERAS CSR Africa Awards 2021


Zenith Bank’s Group Managing Director/CEO, Mr. Ebenezer Onyeagwu, has emerged CEO of the Year for a second consecutive year at the Sustainability, Enterprise and Responsibility (SERAS) CSR Africa Awards held at the weekend in Lagos. According to the judges, he was selected for a number of reasons, including engendering a culture that promotes the continued investment in social initiatives in support of the United Nations Sustainable Development Goals (SDGs). Under his leadership, the Zenith Bank's social investments totalled NGN3.285 billion in 2020, representing nearly 2% of the Bank's profit after tax.

The judges found him worthy for his commitment to promoting sustainability and responsible business practices in Nigeria, by his frontal leadership of sustainability in Zenith Bank, thereby enabling best industry practices in the banking sector, and for his passion for reducing carbon emissions in the Bank's operations.

Friday, December 3, 2021

Pistorius transferred to jail closer to victim's family


Former South African Paralympian Oscar Pistorius, jailed in 2016 for killing his girlfriend Reeva Steenkamp, has been moved to a jail closer to her family ahead of reconciliation talks that could help pave the way for his early release from prison. This report produced by Freddie Joyner.

Oscar Pistorius, the former South African Paralympian who was jailed in 2016 for killing his girlfriend Reeva Steenkamp, has been moved closer to his victim's family.

The move is in preparation for reconciliation talks that could help pave the way for his early release from prison.

Lagos orders indefinite closure of Dowen college over Sylvester Oromoni's death


The Lagos State Government on Friday ordered the indefinite closure of Dowen College, Lekki, pending the outcome of an investigation into the death of Master Sylvester Oromoni Jnr, a student of the school.


This was contained in a statement signed by the Assistant Director, Public Affairs, of the Lagos State Ministry of Education, Ganiu Lawal.


The statement read, “The Lagos State Government has ordered the indefinite closure of Dowen College, Lekki, pending the outcome of an investigation into the death of Sylvester Oromoni Jnr, a student of the school.


“Commissioner for Education Mrs. Folasade Adefisayo announced the closure after a meeting with the School Management and Staff.

Friday, November 26, 2021

EFCC Arraigns Orya, Ex-NEXIM Bank MD for N1.3Bn Fraud


The Economic and Financial Crimes Commission, EFCC, on Thursday, November 25, 2021 arraigned a former Managing Director of Nigerian Export-Import Bank, (NEXIM BANK), Roberts Orya before Justice F.E Messiri of the Federal Capital Territory High Court, Apo Abuja, on a 49-count charge bordering on criminal breach of trust, impersonation, misappropriation, official corruption, fraud and abuse of office.

He allegedly abused his position as managing director of the bank to obtain over One Billion, Three Hundred and Sixty-eight Million Naira (N1, 368,000,000) from NEXIM Bank.

Orya as managing director, NEXIM Bank, incorporated a company, Luxurium Leisure Service Limited, using the names of non-existent persons and others without their consent, and proceeded to grant loans to the company which remained unpaid years after.

Wednesday, November 24, 2021

Grammy Awards Nominations 2022: Wizkid, Burnaboy, Femi Kuti, Made Kuti, Essence gets double nominations


The Grammy Awards 2022 have launched a different procedure for selecting their nominees this year — going with a popular vote and eliminating the controversial “secret committees” that had curated the final lists in recent decades — and although most of the top nominees were expected when the contenders were announced Tuesday, the top one definitely was not.

However, Nigerians seem to have worked hard to dominate the Best Global Music Performance and Best Global Music Album categories.


Best Global Music Performance

1. MOHABBAT

Arooj Aftab


2. DO YOURSELF

Angelique Kidjo & Burna Boy


3. PÀ PÁ PÀ

Femi Kuti


4. BLEWU

Yo-Yo Ma & Angelique Kidjo


5. ESSENCE

WizKid Featuring Tems


Best Global Music Album

1. VOICE OF BUNBON, VOL. 1

Rocky Dawuni


2. EAST WEST PLAYERS PRESENTS: DANIEL HO & FRIENDS LIVE IN CONCERT

Daniel Ho & Friends


3. MOTHER NATURE

Angelique Kidjo


4. LEGACY +

Femi Kuti And Made Kuti


5. MADE IN LAGOS: DELUXE EDITION

WizKid


Monday, November 22, 2021

Zenith Bank Activates The Spirit Of Christmas With Ajose Adeogun Street Light-Up


The yuletide season has come to life in Lagos with the 2021 Zenith Bank Christmas Light-Up Ceremony, which held at the Ajose Adeogun Street Roundabout, Victoria Island, Lagos, on Saturday, November 20 2021.

With the theme "Let There Be Light", this year marks the 15th edition of the traditional Light-up Ceremony at the Ajose Adeogun Roundabout. Following the onset of the Coronavirus (COVID-19) pandemic, which stopped the annual event from holding last year, this year’s ceremony is indeed a momentous and significant one as it signals the return of what could be described as a spectacle that has come to be recognized by not only Lagosians but Nigerians in general as an iconic place and tourist attraction because of the beautiful decorations adorning the length and breadth of Ajose Adeogun Street - home to Zenith Bank's Headquarters,  during the yuletide season.

Friday, November 19, 2021

Meet the world's richest female billionaire, Francoise Bettencourt from France


Net worth closing in on $100 billion...

World’s richest female billionaire, Francoise Bettencourt Meyers, from France is close to the $100 billion mark, as her net worth has risen to $95.9 billion since the beginning of 2021 and she has posted a gain of $20.1 billion.


About 33% of L’Oréal, the world’s largest cosmetic company, is owned by her. As a holding company director, the French woman also represents the family stake that was attributed to her mother until she passed away about four years ago.

Wednesday, November 17, 2021

Onyeagwu Canvasses Collaboration With Nigerians In The Diaspora For Sustainable Economic Growth And Development


The Group Managing Director/Chief Executive of Zenith Bank, Ebenezer Onyeagwu, has called for increased collaboration of Nigerians in the diaspora for the nation to achieve its economic growth targets. He made the call during the 4th Edition of the Nigeria Diaspora Investment Summit 2021 organised by the Nigerians in Diaspora Commission (NiDCOM) on Tuesday, November 16, 2021. The hybrid event which held at the State House Banquet Hall, Aso Villa Abuja & Virtually had in attendance the Secretary to the Government of the Federation, Ministers of the Federal Republic of Nigeria and State Governors.

Delivering his remarks on this year’s theme: “Partnership and Linkages for Post Covid Economic Growth”, Onyeagwu noted the aptness of the theme of the summit, as it underscores Nigeria’s need for robust growth following the unprecedented impact of the COVID-19 pandemic, which triggered a severe macroeconomic shock.

Tuesday, November 16, 2021

EFCC quizzes former MD of Fidelity Bank, Nnamdi Okonkwo


The Economic and Financial Crimes Commission (EFCC) has interrogated a former Managing Director of Fidelity Bank, Nnamdi Okonkwo, those familiar with the matter have told PREMIUM TIMES.

Mr Okonkwo was recently appointed managing director of First Bank of Nigeria (FBN) Holdings Plc.

Details of Mr Okonkwo’s arrest remained sketchy Sunday night although some sources said he was being questioned over his role in the transfer of $153.3 million from the Nigerian National Petroleum Commission in favour of Diezani Alison-Madueke, Nigeria’s former petroleum minister. The banker was managing director of Fidelity Bank at the time.

Monday, November 15, 2021

Keystone Bank denies converting NNPC funds for N305 per dollar


Keystone Bank has denied reports that the Minister of Justice and Attorney-General of the Federation, Abubakar Malami (SAN), forced it to convert the $1 at N305.

The reports came after the bank met with the House of Representatives’ Ad Hoc Committee on Assessment and Status of all recovered loots on the Federal Government’s $40 million funds, which were in its custody.

Friday, November 12, 2021

EFCC detains ex-Edo Governor, Igbinedion, over alleged N1.6 billion fraud


The Economic and Financial Crimes Commission (EFCC) has detained a former governor of Edo State, Lucky Igbinedion, over alleged criminal diversion of public funds to the tune of N1.6 billion.⁣

Premium Times reports that the ex-governor was being grilled by detectives at EFCC’s headquarters in Jabi, Abuja.⁣

Shortly after his exit as governor in 2007, Igbinedion was prosecuted by the EFCC and convicted of corruption.⁣

But the new investigation is based on fresh evidence that the former governor diverted a loan obtained by the Edo State government to settle the financial indebtedness of a company in which he was said to have an interest.⁣

The latest invitation was confirmed by the spokesman of the EFCC, Wilson Uwujaren who failed to give more details.⁣

Igbinedion, governor of Edo State from 1999 to 2007, was convicted for embezzling N2.9 billion belonging to the state in December 2008.⁣

Following a plea bargain agreement he entered into with the EFCC, the 191 charges were pruned down to only one count to which Igbinedion pleaded guilty.⁣

In exchange for his guilty plea, the Federal High Court in Enugu sentenced him to six months’ imprisonment with an option of N3.5 million fine.⁣ 

Monday, November 8, 2021

Court sentences Maina to 61 years imprisonment for N2billlion pension fraud charges


A federal high court in Abuja has convicted Abdulrasheed Maina, former chairman of the Pension Reform Task Team (PRTT), on charges of money laundering.

Maina was sentenced to 61 years imprisonment but to run concurrently for eight years.

Wednesday, November 3, 2021

Sterling Bank Manager bags 18years jail term for N219m fraud in Enugu


The Economic and Financial Crimes Commission, EFCC, Enugu Zonal Command has secured the conviction of a former manager with Sterling Bank and Account Relationship Officer of OHHA Microfinance Bank. Mr Oliver Anidiobi before Justice C.O Ajah of the Enugu State High Court, Enugu on a 32-count charge bordering on forgery and stealing to the tune of N219million.

The defendant who was arraigned on Tuesday May, 7, 2019 allegedly used his position to convince the microfinance bank to deposit the said sum through him. He proceeded to fix the money in a fixed deposit account and forged a deposit certificate to deceive the microfinance bank, while he diverted the funds for personal use.

Monday, November 1, 2021

EFCC arrests Obi Cubana over alleged money laundering, tax fraud


The Anambra-born tycoon arrived the headquarters of the EFCC at Jabi Abuja at about noon on Monday November 1, 2021.


At the time of filing this report, the Anambra-born tycoon was still being interrogated by operatives of the Commission.


Though allegations against the socialite were sketchy as of press time, a source with knowledge on the matter told the Guardian that his case borders on money laundering and tax fraud.


Spokesman of the Commission, Wilson Uwujaren, however, said he was yet to be briefed on the development.

Alleged N1.7bn Fraud: Court Dismisses First Nation Airways MD, Kayode Odukoya’s No-case Submission


Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, has ordered Kayode Odukoya, Managing Director and Chief Executive Officer of First Nation Airways Limited, who is being prosecuted by the Economic and Financial Crimes Commission, EFCC, for an alleged N1.7bn fraud to open his defence on January 17, 2022 and also dismissed his no-case submission.

Odukoya is standing trial alongside First Nation Airways Limited and Bellview Airlines Limited on a seven-count charge bordering on forgery, use of false document, perjury, stealing and obtaining credit by fraud contrary to sections 85(1), 86(1), 278(1)&(b), 285(1), 313(1)(a) &(b), 361(1)(a)& (b), 363 (1) and 364(1) of the criminal law of Lagos State of Nigeria 2011.

Amidst Headwinds, Zenith Bank's Profit Before Tax Hits N180billion In Q3 2021


As a testament to its resilience and market leadership, Zenith Bank Plc has announced its unaudited results for the nine months period ended 30 September 2021 with a Profit Before Tax (PBT) of NGN180 billion, reflecting a 1% growth over the NGN177 billion recorded in the same period in the previous year amidst a challenging macroeconomic environment exacerbated by the Coronavirus (COVID-19) pandemic.

According to the Group’s unaudited nine months financial results presented to the Nigerian Exchange (NGX), gross earnings increased by 2% from NGN509 billion to NGN519 billion largely due to growth in current account maintenance fees as well as fees from electronic products during the period.

Sunday, October 31, 2021

FG releases names, pictures of escaped inmates from Oyo prison


On October 22, gunmen had attacked the correctional facility in Abolongo, Oyo town, freeing several inmates.

According to Rauf Aregbesola, minister of interior, 907 inmates escaped, and some of them have been re-arrested.

Speaking on efforts to find the escaped inmates, Aregbesola had also said the details would be forwarded to Interpol and border posts all over the work.

Wednesday, October 27, 2021

“I Don’t Regret My Marriage Ending”- Damilola Adegbite Talks Divorce And Career WithChude

 


On this episode of #WithChude, award-winning actor, model and TV personality Damilola Adegbite, whose name is no stranger to every Nigerian household, opens up to host Chude Jideonwo about her journey in the industry, her divorce and her life as a single mother. 

 

Filled with gratitude for her journey in the industry, the actor spoke of how she became a cast member on Tinsel and how it remains one of her best life experiences. In her words, “Tinsel happened at a time when I was fresh out of school and I was expecting humble beginnings and hustle. I was actually on another set out of Lagos when I received the call to audition and when I got there I couldn’t believe the magnitude of what I was getting on. As it was my first job, I was earning a lot monthly.”  

Saturday, October 23, 2021

BUA Group Protects Customers From Scammers

 


BUA Group, the Foods, Infrastructure, Mining and Manufacturing Conglomerate massively impacting the economies of countries – particularly Nigeria – and continents has released five ways to protect its public from fraudsters.

 

 

The group

Friday, October 22, 2021

Sunday Igboho linked with sponsors’ of Boko Haram


... received N127m from a sitting legislator 

The federal government says it identified the sponsors of Sunday Adeyemo, better known as Sunday Igboho.

Abubakar Malami (SAN), attorney-general of the federation, disclosed this at a press conference in Abuja on Friday.

According to Malami, a committee set up by the government found out that Igboho is linked to 43 accounts in nine banks.

The AGF said a federal lawmaker is Igboho’s major sponsor.

Wednesday, October 20, 2021

Soludo Draws Anger Of Imolites With Imo Is Not Anambra Claim


Charles Chukwuma Soludo, the gubernatorial candidate of the All Progressives Congress (APGA) for the November 6, 2021, Anambra Election has drawn the anger of the people of Imos state.


The 61year old over the weekend cast an unflattering light on Imo state.

Tuesday, October 19, 2021

Oyo Governor Splashes Millions Of Naira On Cars For Party Leaders Amidst Plot To Impeach His Deputy


Governor Seyi Makinde of Oyo State amid a plot to remove his deputy, Rauf Olaniyan, on Monday presented two vehicles worth millions of naira to the immediate past chairman of the Peoples Democratic Party in the state, Alhaji Omokunmi Mustapha, and his successor, Dayo Ogungbenro.

According to a statement released by the governor’s Chief Press Secretary, Taiwo Adisa, the vehicles, both Toyota Land Cruiser SUVs, were presented as an exit gift and a welcome gift to Mustapha and Ogungbenro at the Government House, Agodi, Ibadan.


2021: Dangote emerges Most Valuable brand in Nigeria for the fourth time

 


…MTN, Most Popular Brand

For the fourth time in a row, Dangote Group, a fully integrated Conglomerate and proudly Nigeria brand has again emerged as the most Valuable brand in Nigeria while the MTN Nigeria trailed as the Most Popular brand in the new Top of the Mind (TOM) survey conducted among corporate executives in the country.

 

In rating the brands, seven metrics were deployed, and they include Brand Popularity; Quality Element; Market leadership; Innovation; national Spread; CSR-Environmental friendliness and Online Engagements.

 

Friday, October 15, 2021

LAPO Founder Godwin Ehigiamusoe Launches Book, "Touching Lives"

 


The Founder LAPO Micro Finance Bank, Dr.  Godwin Ehigiamusoe (PhD), recently launched his book "Touching Lives: My LAPO Journey".

The book launch which held on Wednesday, October 14, 2021at the Federal Palace Hotel, Victoria Island Lagos, attracted dignitaries and captains of industry.

The book,

Wednesday, October 13, 2021

Kim Kardashian West To Get Hidden Hills Estate In Divorce


According to court documents seen by TMZ, Kim Kardashian and Kanye West have agreed to let Kardashian keep the couple’s Hidden Hills home. Kardashian has been staying in the $60 million home since she filed for divorce earlier this year. It’s been reported that the couple negotiated a buyout price for the home, which West and architect Axel Vervoordt worked on for years. The couple even bought the property next door to expand their estate. TMZ said the negotiations were “extremely cordial” between West and Kardashian. Kardashian and West bought the home in 2014 for roughly $20 million. This comes after West supposedly listed his Wyoming home for $11 million and purchased a beach house in Malibu for $57 million.