Dangote Oil Refinery has thrown its weight behind the Nigerian Content Development and Monitoring Board (NCDMB) to promote the critical issue of Research and Development (R&D) in the oil and gas sector of the country.
Monday, September 13, 2021
Dangote Oil Refinery has thrown its weight behind the Nigerian Content Development and Monitoring Board (NCDMB) to promote the critical issue of Research and Development (R&D) in the oil and gas sector of the country.
Dudu Heritage, husband of popular Nollywood actress, Bimbo Oshin, is dead.
Born Ola Ibironke, the socialite died on Sunday evening.
Dudu Heritage was a music promoter who relocated from the United States to Nigeria to run a private business.
The cause of his death is however unknown.
There are indications that the Economic and Financial Crimes Commission (EFCC) may have invited 20 disciples of the Synagogue Church of All Nations (SCOAN) for questioning over alleged financial fraud and diversion of funds left by the late founder of SCOAN, Temitope Balogun Joshua.
The invitees include Nigerian and foreign prophets and prophetesses of the church.
According to the letter of invitation sighted by The Guardian, yesterday, the church is expected to release them to report for an interview through the Special Investigation Team (STI).
The letter signed by EFCC’s Lagos State Zonal Commander, Ahmed Ghali, said the disciples are being investigated for allegedly syphoning funds and breaking of the church’s vault.
Friday, September 10, 2021
The Commander of the Uyo Zonal Command of the Economic and Financial Crimes Commission, EFCC, ACE-1 Nwanneka Nwokike has warned bank officials against providing foreign exchange to customers who have no intention of travelling outside Nigeria.
Nwokike who gave the warning on Wednesday, September 8, 2021 when he met with Chief Compliance Officers of Banks in the zone, said indications have emerged that some bank customers present fake travel documents including false flight bookings, to obtain foreign exchange.
Tuesday, September 7, 2021
The President/Chief Executive, Dangote Industries Limited, Aliko Dangote has disclosed plans to increase the human capacity at the Dangote Refinery Project site from 40,000 to 57,000 personnel in the coming months.
Saturday, September 4, 2021
Omoyele Sowore, convener of the #RevolutionNow movement, says his younger brother, Olajide Sowore, has been shot dead in Edo state.
The Sahara Reporters publisher said Olajide who is a student of Igbinedion University, Okada, was killed on Saturday.
In a post on his Facebook page, Sowore said his brother was killed by kidnappers.
Friday, September 3, 2021
Justice Lateefat Okunnu of the Lagos State High Court sitting in Ikeja, has ordered the freezing of the assets and funds to the tune of N19, 178, 253,050 belonging to a convicted former Managing Director of the defunct Bank PHB Plc, Francis Atuche.
The Judge gave the order on Tuesday, August 31, 2021, following an ex parte application filed by the Economic and Financial Crimes Commission, EFCC, on August 17, 2021.
The funds, investigation showed, were domiciled in 24 different banks in Nigeria, including Citi Bank Limited; Ecobank Nigeria Limited; First Bank of Nigeria Plc; First City Monument Bank (FCMB); Globus Bank Limited; Fidelity Bank Plc; Keystone Bank Limited; Lotus Bank Limited and Mainstreet Bank Plc.
Lekki, the fast-developing upper middle class area of Lagos Metropolis, is emerging as the new hub of internet-related fraud. Data from the investigation activities of the Lagos Command of the Economic and Financial Crimes Commission, EFCC, for the second quarter of 2021, indicates that Lekki District is the preferred location for all manner of cyber fraud syndicates.
Between April and June, 2021, the Advance Fee Fraud and Cyber Crime Sections of the Command recorded a total of 402 internet-related fraud arrests. While the Advance Fee Fraud Section was responsible for 243 arrests, the Cyber Crime Section executed 18 sting operations which resulted in 159 arrests, from which 13 convictions have so far been recorded.
Justice Tijjani Garba Ringim of the Federal High Court sitting in Ikoyi, Lagos, on Tuesday, August 31, 2021, ordered the interim forfeiture of the funds as well as properties traced to the suspended aide to Governor Dapo Abiodun of Ogun State, Abidemi Rufai.
Justice Ringim gave the order, following an ex parte application filed by the Economic and Financial Crimes Commission, EFCC.
Also joined as respondents are Rufai’s firm, Omo Mayodele Global Investment and Sterling Bank Plc as second and third respondents in the suit.
Rabiu Kwankwaso, former governor of Kano state, says the crisis rocking the Peoples Democratic Party (PDP) has weakened it as an opposition.
The PDP chieftain said this on Friday in an interview with BBC Hausa.
Kwankwaso said the crisis is “heightened by those who are after leadership” of the party.
“Now the strength of the party has reduced and in the end what will happen is that it will tear us apart,” he said.
“You see the result will not help us since we do not have a president and we do not have many governors.
“People like me have nothing to do with the crisis. I’m after what will bring development to people; every good leader should focus on that.
“The party chairman has only one month left. I think it’s better to wait so that we can emerge stronger.
Tuesday, August 31, 2021
Professor Saheed Aderinto, a Nigerian who lectures on African History at Western Carolina University in the United States of America, is set to write a book on Fuji music. And he is equally going to be producing a Netflix standard documentary on the same subject. Hence, in order to gather contents for the book and documentary titled: "Fuji: A Documentary", Professor Aderinto who is currently in Nigeria, has engaged one of the best Fuji music stars Nigeria has seen, Alhaji (Dr.) Sefiu Alao Adekunle also known as Baba Oko, in a no-holds-barred interview to generate contents.
Monday, August 30, 2021
In a clear demonstration of its resilience, Zenith Bank Plc has announced its audited results for the half-year ended 30 June 2021, recording positive growth across key financial metrics despite a challenging macroeconomic environment exacerbated by the COVID 19 pandemic.
According to the bank's audited half-year financial results presented to the Nigerian Exchange (NGX), the Group recorded a growth in profit before tax of 3% from NGN114 billion reported in H1 2020 to NGN117 billion in H1 2021. The Group also recorded a 9% growth in non-interest income from NGN116 billion in June 2020 to NGN127 billion in June 2021. Overall, the significant reduction in interest expense by 26% and growth in non-interest income by 9% culminated in improved profitability.
Friday, August 27, 2021
Nigeria's leading financial institution, Zenith Bank Plc, has introduced an Artificial Intelligence (AI) powered Chatbot on WhatsApp named ZIVA (Zenith Intelligent Virtual Assistant), which enables customers to perform financial transactions and enjoy real-time customer service from their mobile phones.
With this capability to respond to chats/queries anchored on the existing WhatsApp platform, customers will be able to open new accounts, receive instant transaction notifications, check their balances on the go, transfer funds and top up airtime. They will also be able to confirm cheques, pay bills, apply for loans, block their accounts, and request mini statements, amongst other banking services.
Wednesday, August 25, 2021
FIRS vs Multichoice tax scramble: Tribunal orders Multichoice to deposit N900bn with FIRS before hearing appeal
A tax appeal tribunal (TAT) sitting in Lagos has ordered Multichoice Nigeria Limited to deposit 50 percent of the disputed N1.8 trillion tax with the Federal Inland Revenue Service (FIRS).
Abdullahi Ismaila Ahmad, FIRS spokesperson, made this known in a statement on Wednesday.
Multichoice is the owner of the satellite televisions, DStv and Gotv – popular subscription-based platforms in Nigeria
Monday, August 23, 2021
The Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa, has sought greater collaboration with financial institutions in the country as a way of tackling fraudulent election financing, foreign exchange malpractices and money laundering.
Speaking on Thursday, August 19, 2021 during an interactive session with managing directors of banks in Nigeria at the Conference Hall of the Lagos Zonal Command of the EFCC, he said it was important to bring the financial institutions in the country up to speed with the evolving policies in the Commission, in line with the United Nations’ categorization of the fight against corruption vis-à-vis prevention, enforcement and assets recovery.
According to him, “At the EFCC, we want to place more emphasis on prevention.
The attention of the Economic and Financial Crimes Commission has been drawn to a post on Instagram by one Dorothy Bachor, alleging that operatives of the Commission broke into her home in the early hours of today, 23rd August, 2021
The Commission can confirm that operatives from the Lagos Command of the Commission, acting on verified intelligence, executed a Search Warrant at a block of flats located in the Lekki area of Lagos on Monday, 23rd August, 2021 during which nine internet fraud suspects were arrested.
Saturday, August 21, 2021
Anita requested the dissolution of her marriage with Paul, as per a partly redacted court document that surfaced and went viral on social media platforms on Friday.
According to the petition filed at the High Court of the Federal Capital Territory, Anita cited “irreconcilable difference” as her reason, asking her man to challenge it if he feels disgruntled.
Thursday, August 19, 2021
Ex-President Olusegun Obasanjo says he has been battling diabetes for over 35 years.
Obasanjo said this on Wednesday during the closing ceremony of the Ogun State Diabetes Youth Development Camp held in Abeokuta, the state capital.
The former president had disclosed earlier in 2017 that though he was diagnosed with the ailment for over three decades, he is stronger than many young people.
Obasanjo said some of his diabetic friends died because they did not manage the disease well.
Friday, August 13, 2021
A Nigerian man identified as Salau Abdulmalik Femi has been arrested by detectives from the Special Fraud Unit (SFU) of the Nigeria Police Force (NPF) for allegedly hacking into the server of a Nigerian bank to steal N1.87 billion.
The suspect, police said, is the kingpin of a syndicate that specialises in hacking into the servers of banks and corporate agencies.
He was arrested after he hacked the Flex-Cube Universal Banking System (FCUBS) of a first-generation bank.
SFU spokesman in Ikoyi, Lagos State, DSP Eyitayo Johnson, in a statement, said the suspect created fictitious credits totalling N1.87bn on the accounts of three of the bank’s customers.
DSP Johnson said the suspect successfully consummated debits (outflows) amounting to N417.5m through internet banking transfers to other banks.
He said the unit while acting swiftly on a petition from the bank; contacted the Central Bank of Nigeria (CBN) and the deposit money banks which customers were beneficiaries of the fraudulent funds and that in the process was able to salvage a substantial amount.
“Items recovered from the suspect include an Apple laptop and an iPhone, and he and operators of some Bureau De Change (BDC) used to launder the monies will be charged to court as soon as investigation is concluded,” Johnson said.
Wednesday, August 11, 2021
The suspension of Twitter’s activities in Nigeria may soon be overturned as the federal government says it has resolved some of the issues it raised with the social media platform.
The government had on June 4 announced the indefinite suspension of Twitter’s operation in Nigeria following the deleting of tweets made by President Muhammadu Buhari, who had threatened to treat members of the Indigenous People of Biafra (IPOB) in the language they understand.
Lionel Messi’s Paris Saint Germain’s jersey was sold out in 30 minutes after the football club displayed them for sales on its website.
The men’s shirt sold for €107.99 (£92) when available for sale.
Advertising the jersey, the club posted, “The new Paris Saint-Germain striker will wear the number 30. Visit the online store to get the Leo Messi jersey! Leo Messi is Parisian and will wear the number 30!”
Wednesday, August 4, 2021
Monday, August 2, 2021
The Group Managing Director/Chief Executive of Zenith Bank, Mr. Ebenezer Onyeagwu, has called for increased impact investing in Africa for the continent to attain its full potential. He made the call during his keynote address at Africa Investment Risk & Compliance Summit 2021 organised by the Emerging Business Intelligence & Innovation (EBII) Group which held at the prestigious University of Oxford, United Kingdom, on Friday, July 30, 2021. Mr Onyeagwu delivered his keynote address after the special keynote address by His Excellency, Nana Addo Dankwa Akufo-Addo, President of the Republic of Ghana & Commander-in-Chief of the Ghana Armed Forces, who was the Special Guest of Honour. Her Excellency Dr Amani ABOU-ZEID, The African Union Commissioner in charge of Infrastructure and Energy, also delivered a keynote address at the Summit.
Wednesday, July 21, 2021
GTBank Plc appears to be swimming in murky water of crisis as the bank has been taken to court over an issue bothering on a business idea.
A business woman, Kehinde Abiodun alleged that she discussed a food and drinks affair business idea with the officials of the bank, but that she was sidelined by the bank.
Abiodun alleged that GTBank unilaterally embarked on the project contrary to an agreement she reached with them, and she is seeking damages of N510 Million against the bank over the matter.
Justice Ayokunle Faji of a Federal High Court, Lagos on Monday July 19 fixed November 22 and 24 for the hearing of the matter in the suit marked FHC/L/CS/616/2018 between the sole applicant, Abiodun and the sole defendant, GTB.
Friday, July 16, 2021
How Nora Johnson, Woman In Video Of EFCC Carrying Out Court Order & Her Accomplices Landed In Trouble After Refunding N507m
The inside details of the investigation that enabled the Economic and Financial Crimes Commission (EFCC) to secure a temporary assets forfeiture order against Ms Nora Johnson, the woman name dropping a viral video of law enforcers enforcing the ruling have
Thursday, July 15, 2021
Fresh Details Emerge About Drama Thrown Up By Nora Johnson, Woman In Viral Video Of EFCC Carrying Out Court Order
More details have emerged on the cause of the drama thrown up by the woman now identified as Ms Nora Olumide Johnson while the officers of the Economic Financial Crimes Commission were carrying out a court order.
Inside Details Of Drama Thrown Up By Nora Johnson, Woman In Viral Video Of EFCC Carrying Out Court Order
Behind the scenes story of the video of the woman mentioning the name of one of the nation’s recognized employers of labor as the Economic and Financial Crimes Commission (EFCC) sought to execute a court order as surfaced.
Peter Ashade, Group CEO Speaks As United Capital Soars Through Volatile Markets To Post PBT Growth Of 65%
United Capital Plc (“United Capital” or “The Group”), Nigeria’s leading investment bank and a foremost Pan-African financial and investment services group, announced its Unaudited
Financial Statements for the
Zenith Bank Plc has been named the Best Commercial Bank in Nigeria in the World Finance Banking Awards 2021. The award, which was announced in the July 2021 edition of the World Finance Magazine, was based on individual banks' ability to adapt to a continually evolving technological environment while maintaining top-class customer relations and bolstering their financial footing amidst the upheaval of the COVID-19 pandemic.
Commenting on the award, the Group Managing Director/Chief Executive of Zenith Bank Plc, Mr. Ebenezer Onyeagwu said that: "This recognition reflects our resilience and ability to adapt to a very challenging macroeconomic environment exacerbated by the COVID-19 pandemic, as well as our commitment to creating value for our teeming customers through our best-in-class service and innovative products and solutions." He expressed his heartfelt gratitude to the bank's customers for making Zenith Bank their preferred financial Institution which has culminated in this award.
Wednesday, July 14, 2021
The Economic and Financial Crimes Commission, EFCC, on Tuesday, July 13, 2021 re-arraigned a former governor of Kaduna State, Muktar Ramalan Yero before Justice M.G Umar of the Federal High Court, Kaduna on an eight-count amended charge of money laundering.
Yero is being prosecuted by the EFCC alongside Nuhu Somo Wya (a former Minister), Ishaq Hamsa (former Secretary to Kaduna State Government) and Abubakar Gaiya Haruna (former Chairman of People’s Democratic Party, PDP in the state) for their alleged involvement in the sharing of Seven Hundred Million Naira (N700, 000,000.00) provided by former Minister of Petroleum Resources Diezani Alison-Madueke to influence the outcome of the 2015 presidential election.
Friday, July 9, 2021
On April 29, Mayowa, 32, was distraught when he couldn’t pay for a 19km Uber ride he had taken to visit a friend in Park View Estate, a well known residential community in the highbrow area of Ikoyi, Lagos. His orange branded Guaranty Trust Bank (GTB) app had not launched as he tried severally to make a transfer from his current account to the empty savings account linked to the debit card on his Uber app.
Thinking his MTN data service was the problem, he tried punching his bank’s *737# short code to make the transfer but he got an unresponsive code message.
He tried again, and again and again without success. Frustrated, he made a last attempt accessing his account through GTB’s mobile website, but it took forever to load. To make matters worse, Mayowa’s buddy was away from home, at a dragging management meeting and wouldn’t pick up his frantic calls.
Tuesday, July 6, 2021
A Federal High Court, Abuja, on Tuesday, refused to grant Prof. Dibu Ojerinde, former Registrar, Joint Admissions and Matriculation Board, bail on alleged fraud preferred against him by the Independent Corrupt Practices and Other Related Offences Commission.
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) arraigned Ojerinde on Tuesday in a suit marked: FHC/ABJ/CR/97/2021, on an 18-count charge bordering on misappropriation of funds to the tune of N900 million.
The commission alleged that the former registrar committed multiple frauds while heading JAMB and the National Examination Council (NECO).
Ojerinde pleaded not guilty to all charges
Saturday, July 3, 2021
The board of directors has told the 52year who succeeded immediate past managing director Nnamdi Okonwo what to expect.
The brief according to information available to societynow.ng Onyeali-Ikpe who worked at Standard Chartered Bank Plc, Zenith Bank Plc and Citizens International Bank/Enterprise Bank with experiences spanning top management positions in Legal, Treasury, Investment Banking, Retail/Commercial Banking and Corporate Banking before she joined Fidelity Bank in 2015 to” ” consolidate on the already laid foundation and track record of performance, to execute the next growth phase”
Thursday, July 1, 2021
Zenith Bank Plc has been ranked as the Number One Bank in Nigeria by Tier-1 Capital in the 2021 Top 1000 World Banks Ranking published by The Banker Magazine. For the third consecutive year, the bank retained its position as the number one Tier-1 bank in Nigeria with a Tier-1 Capital of $2.64 billion, emerging as the 454th bank globally and the only Nigerian bank in the top 500.
The ranking, which was published in the July 2021 edition of The Banker Magazine of the Financial Times Group, United Kingdom, was based on the 2020 year-end Tier-1 capital of banks globally. Zenith Bank's financial performance for the year was underpinned by an 8% growth in non-interest income, with an improved market share in both retail and corporate sectors despite a very challenging macroeconomic environment exacerbated by the COVID-19 pandemic.
Wednesday, June 30, 2021
France President Emmanuel Macron has inaugurated the France-Nigeria Business Council – a private sector initiative to enhance business relations between the two countries with Abdul Samad Rabiu, Founder/ Chairman of Nigeria’s BUA Group as its inaugural President. The newly inaugurated council also has Gilbert Chagoury of Chagoury Group, Mike Adenuga of Globacom and Conoil, Aliko Dangote of Dangote Industries, Tony Elumelu, Chairman UBA & Heirs Holdings, and Herbert Wigwe, CEO, Access Bank as the Nigerian members of the council.
Tuesday, June 29, 2021
House of Representatives committee on finance, James Faleke-led members of the committee quizzed officials of Citibank Plc over the alleged infraction, which bothers on non-remittance of collections from Value Added Tax (VAT) and withholding tax.
Among alleged infractions leveled against Citibank by the committee were outstanding VAT collectibles on known Form A bank transfers by customers ($463, 778, 150), foreign exchange leakage infractions on form A transactions filed with CBN as taxation services but not traced to the Federal Inland Revenue Service collection platforms ($171, 256, 297).
Faleke said the committee also discovered that Citibank had Form A transfer by customers through their bank accounts that were not filed with the CBN and committee, with no evidence of withholding tax amounting to $3, 107, 398, 073.
Friday, June 25, 2021
Thursday, June 24, 2021
Two brothers named Ameer Cajee who acted as the Chief Operating Officer (COO) and Raees Cajee who acted as the Chief Executive Officer (CEO) started a cryptocurrency company called “Africrypt” in Johannesburg, a supposed currency exchange service.
Africrypt provided all-around solutions, including investment opportunities on cryptocurrency and blockchain technology; brokerage services proffering an electronic, off-exchange digital liquidity solution; payment services providing secured digital payments across the domestic, offshore and international market; and full-suite consulting and advisory services for merchant banks and services for the digital world
Saturday, June 19, 2021
There are strong indications that the Chief Executive Officer of Sterling Bank, Abubakar Suleiman may take another job – after just three years in charge.
Tuesday, June 15, 2021
Portuguese soccer superstar Cristiano Ronaldo removed two bottles of tournament sponsors Coca-Cola away from him as he entered a news conference on Monday (June 14) before holding up a bottle of water to the media, dismissing the famous sugary drink.
Popular but controversial Nigerian evangelical preacher Temitope Balogun Joshua died from an undisclosed cause, his church said on Facebook.
The preacher, popularly known as TB Joshua, founded The Synagogue Church of All Nations, a Christian megachurch in Lagos.
A family source has how ever announced the burial arrangement of the popular prophet.
Good Morning and Win Today! Dear SCOAN and Emmanuel TV family all over the world, we appreciate your continued prayers, love and support.
Saturday, June 12, 2021
Fellow Nigerians, I join you all today to commemorate and celebrate our Democracy Day. It is a celebration of freedom and a victory for one people, one country and one Nigeria.
2. As with all democracies we will always be going through improvement processes in our desire to reach the goal of a mature democracy, a strong, evolved and integrated nation state to be reckoned with globally.
3. In the last two years we have witnessed and overcome a good number of testy challenges that would have destroyed other nations especially relating to our collective security.
4. The indefatigable CAN DO Spirit of the Nigerian has sustained us and would keep pushing us to put these challenges behind us.
5. Unfortunately some of these challenges came in the shape of violent outrages leading to the loss of lives of many of our dear compatriots and the destruction of some of our infrastructure, including those devoted to improving our democratic processes.
Saturday, June 5, 2021
TB Joshua, the founder of the Synagogue Church of All Nations (SCOAN), is dead.
The report says he had a stroke two months ago and was flown by air ambulance to Turkey for treatment, TheCable understands.
The church management confirmed his death in a statement issued on Sunday.
Friday, June 4, 2021
The Federal Government has suspended, indefinitely, the operations of the microblogging and social networking service, Twitter, in Nigeria.
The Minister of Information and Culture, Alhaji Lai Mohammed, announced the suspension in a statement issued in Abuja on Friday,
citing the persistent use of the platform for activities that are capable of undermining Nigeria's corporate existence.
The Minister said the Federal Government has also directed the National Broadcasting Commission (NBC) to immediately commence the process of licensing all OTT and social media operations in Nigeria.
Miriam Olusanya an Executive Director of Guaranty Trust Bank (GTBank) who is widely speculated to pick the mantle of leadership in the bank is currently in the middle of a messy divorce imbroglio.
Tuesday, June 1, 2021
Details available to societynow.ng revealed that Miriam Chidiebele Olusanya should have been announced as the Managing Director and Chief Executive Officer of Guaranty Trust Bank (GTBank) last week.
Information available revealed that the process was put on hold due to an unforeseen occurrence.
Societynow.ng learned a development that would have taken some of the shine off the big day was thrown up by “certain persons.”
Monday, May 31, 2021
Mr Chidari had reportedly returned to Nigeria via the Nnamdi Azikiwe International Airport, Abuja, from Saudi Arabia through an Ethiopian airline on May 17, 2021. He was, however, said to have reportedly presented a coronavirus test result “which was found to be fake” by the health authorities in Nigeria.
Sunday, May 30, 2021
The police have said a former presidential aide, Ahmed Gulak, did not inform them of his movement before he was killed by six bandits in Owerri, Imo State, on Sunday morning.
The Imo State Police Command said this in a statement issued by its spokesperson, Bala Elkana, shortly after the politician was murdered.
Thursday, May 27, 2021
Convicted serial rapist Sello Abram Mapunya, who raped and robbed 56 women across Pretoria suburbs for five years, has been given 1,088 years behind bars.
Judge Papi Mosopa handed down the hefty sentence in the Pretoria high court on Thursday. He had earlier found Mapunya guilty of 41 rapes, 40 counts of robbery with aggravating circumstances and 40 counts of housebreaking.
Mapunya, who was initially charged with 101 different crimes, began his crime spree in 2014 attacking his victims who included a 14-year-old girl, in Tshwane’s suburbs of Silverton, Nellmapius, Atteridgeville, Mamelodi and Olievenhoutbosch.
The brutal crime spree ended with his arrest by detectives from the serial electronic crimes investigation unit in March 2019.
Mosopa said none of the sentences would run concurrently.