First Bank

Friday, April 30, 2021

“We Must Not Tremble. They Will Be Vanquished" - Tinubu Declares In Fight Against Insecurity

Nationalist Asiwaju Bola Ahmed Tinubu has, again, provided hope in the raging fight against insecurity.

The National leader

NTDC Boss Folorunsho Coker, Two Others Get Another Term In Office

 President Muhammadu Buhari has approved the reappointment of the following Chief Executive Officers for another term of four years.

They are

"The Insiders Who Took Loans With Controlling Influence On The Board Of Directors Contributed To The Poor Financial State Of The Bank" Emefiele, CBN Gov Provides Reasons For Sanction On Firstbank & FBNHolding

The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has officially reacted to the Thursday, April 29, 2021 sack of the board of Nigeria’s premier bank, First Bank, and its holding company.

Until the new development, Mr Obafoluke Otudeko chaired the holding company while Mrs Ibunkun Awosika was in charge as the chairperson of First Bank plc.

Mr Emefiele led CBN maintained the bank has been plagued by “bad credit decisions, significant and non-performing insider loans and poor corporate governance practices”.

The statement that detailed reasons behind the apex bank’s action read in full…

Thursday, April 29, 2021

FirstBank In Big Trouble Over Appointment Of New M.D Gbenga Shobo, Deal With Billionaire Otudeko

These are not the best of times for one of Nigeria’s financial powerhouses, First Bank Nigeria Plc. The bank is on fire and has ran into troubled waters with the Central Bank of Nigeria (CBN).

The CBN is unhappy with First Bank over the financial machination of its one-time Chairman, Dr. Oba Otudeko who incidentally is the current Chairman of First Bank Holding Company. That is not all, the nation’s apex bank has also frowned at the sudden announcement Mr Gbenga Shobo as the new GMD/CEO of the bank without due process.

CBN, First Bank on collision course over removal of MD/CEO


...Sources in First Bank accuse CBN of meddling in its internal affairs.

The Central Bank of Nigeria (CBN) has issued the Board of First Bank Ltd, one of Nigeria’s oldest banks a query for the removal of its CEO.

On Wednesday the Board of Directors of First Bank of Nigeria Limited revealed it had appointed Gbenga Shobo as its Managing Director/Chief Executive Officer (CEO). The appointment was disclosed in a statement made by the bank’s Chairman, Ibukun Awosika.

However, in an apparent leak, a letter from the central bank to First Bank revealed a query from the former to the latter expressing concern that the appointment of Shobo was done without the approval of the apex bank.

Tuesday, April 27, 2021

How Nigerian banks laid off 8,584 staff in one year

According to data from the National Bureau of Statistics (NBS) Selected Banking Sector Report, in the fourth quarter, the number of banking staff dropped by 8,584 to 95,026 as of December 31, 2020, compared to 103,610 which was in the employ of banks in 2019.

The COVID-19 pandemic had impacted the operations of banks with many branches closed to reduce contact and many of the affected staff had been contract staff. In the heat of the pandemic, the Central Bank of Nigeria (CBN) had directed that banks not lay off any worker without its approval.

Monday, April 26, 2021

Details As Tinubu Provides Solution To Major Issue In The Fight Against Terror & Criminality


Nationalist Bola Ahmed Tinubu has pointed out a vital factor in the war against terror and criminality.

Asiwaju Tinubu noted that

Sir Anthony Hopkins Becomes The Oldest Man To Win An Oscar

Anthony Hopkins won the Best Actor honor at Sunday’s Academy Awards for his starring role in The Father. The 83-year-old made history with his second Oscar victory, becoming the oldest star to win an Academy Award for Best Actor award, after becoming the oldest Best Actor nominee when the 2021 Oscar nominations were announced in March.

This is Hopkins’ sixth Oscar nomination. He beat out fellow nominees Riz Ahmed (Sound of Metal), Chadwick Boseman (Ma Rainey’s Black Bottom), Gary Oldman (Mank), and Steven Yeun (Minari).

Friday, April 23, 2021

Wema Bank MD Ademola Adebise Swims In An Alleged N1billion Money Laundering


It seems the ability to commit fraud is one of the criteria a candidate must have to be qualified to become a Managing Director at WEMA Bank. if it would be recollected one of the bank’s former MD Mr. Adebisi Omoyeni, by the Police Special Fraud Unit (SFU) in 2008 over issues that has to do with N450 million fraud. In the same vein Mr. Ademola Adebise, the current MD of the bank is allegedly indicted for using the customer’s account to lauder over N1 Billion.

It was gathered that Ademola Adebise and other members of his staff involved in the N1 billion money laundering scandal are now cooling their feet in the custody of the Economic and Financial Crimes Commission – EFCC.

This online news medium understands that the financial institution which was recently indicted in an alleged money laundering case involving Dana Air is currently facing a fresh fraud case with its Managing Director (MD), Ademola Adebise allegedly in the forefront of the allegation.

At a time when the government of President Muhammadu Buhari is fighting corruption headlong and committing to the extradition of the 80-man list of wire fraudsters released by the FBI, Adebise and some of his top management staffs have been alleged of leading a money-laundering ring.

The current case could be likened to a scene from a mafia movie, as Adebise is said to have allegedly threw all caution to the wind in a fraud allegedly estimated to be in the tune of N1bn.

Reports in the media detailed how the Wema Bank MD smartly laundered the said amount using the account of an innocent customer without his consent.

The scam as it has been widely reported is part of a grand plan to dispose of the owners of popular hospitality and entertainment facility located in Maryland which is currently under the receivership of Kunle Ogunba (SAN) and the subject of litigation.

We learned in a report, that “a man who hardly could deposit N300,000.00 in his account was suddenly credited a sum of 1Billion Naira without an alert or any form of notice”.

Thursday, April 22, 2021

Olarenwaju James 'Baba Ijesha' Arrested For Defiling A 14-Year-Old Girl

The Lagos State Police Command has arrested one Olarenwaju James 'm' 48, aka Baba Ijesha, popular Nollywood actor for defiling a minor

The case of defilement was reported on 19th April, 2021 by one Princess Adekola Adekanya 'f' at Sabo Police Station and transferred to the Gender Unit of the State CID, Panti, Yaba Lagos for proper investigation

Based on preliminary findings, the suspect started sexually assaulting the victim, 14 years, since she was 7 year old.

The suspect confessed to the crime and was also captured by a CCTV camera in the house of the complainant.

The Commissioner of Police,Lagos State, CP Hakeem Odumosu, has ordered for proper investigation as he promised to do justice in the matter. 

Tuesday, April 20, 2021

Chad’s President Deby shot dead on the frontline, Son to take over as president

Chad’s President Idriss Deby has died of injuries he suffered on the frontline, the country’s army said on Tuesday.

He sustained the injuries while commanding his army in fighting against rebels in the north over the weekend, a spokesman announced on state television.

Saturday, April 17, 2021

Untold Story Of The Latest Private Jet Owner


Emerging details have it that the numbers of private jet owners have increased by one.

Meet Dreyy Flexx, Nigeria's Top Afrofusion Artist

Born Ayodeji Tomomewo is an up-and-coming afro-fusion artist who goes with the performing name Dreyy Flexx. The Lagos-born singer who is now based in Ontario, Canada has been actively pursuing his music career with a number of music releases and song performances.

In the two years of facing music headlong, he has released two Extended Plays (EP) and four singles to garner a growing fanbase and rack up a million streams across multiple digital and streaming services.

Wednesday, April 14, 2021

Persianas may buy Shoprite's Nigerian business

A Nigerian property company, Persianas will be taking over Shoprite’s local business in Nigeria, Reuters reported on Wednesday, citing multiple sources.

Persianas is buying Shoprite’s Nigerian business after the South African retailer decided to retreat from other African markets.

Shoprite, with more than 2,300 stores across Africa, is awaiting regulatory approval on the sale of its Nigerian supermarket operation, though no further details about the deal have been disclosed.

Shoprite in August 2020 announced that it will be exiting the Nigerian market after over 15 years.

Tuesday, April 13, 2021

Why Twitter is opening African office in Ghana

Twitter on Monday announced that it is opening its first African office in Ghana.⁣

“Twitter is now present on the continent,” Twitter CEO Jack Dorsey tweeted on Monday. “Thank you, Ghana and Nana Akufo-Addo.”⁣

Twitter said its decision to open an office in Ghana is based on the country’s AfCFTA negotiations, access to the internet, online and offline free speech policy.⁣

“As a champion for democracy, Ghana is a supporter of free speech, online freedom, and the Open Internet, of which Twitter is also an advocate,” Twitter said in a statement.⁣

“Furthermore, Ghana’s recent appointment to host The Secretariat of the African Continental Free Trade Area aligns with our overarching goal to establish a presence in the region that will support our efforts to improve and tailor our service across Africa.”⁣

Ghana President Nana Akufo-Addo expressed delight at Twitter’s decision to open its African headquarters in the country.⁣

“The choice of Ghana as HQ for Twitter’s Africa operations is excellent news,” Akufo-Addo tweeted. “Government and Ghanaians welcome very much this announcement and the confidence reposed in our country.”⁣

Friday, April 9, 2021

Queen Elizabeth’s husband Prince Philip dies at 99

Prince Philip, the Duke of Edinburgh, has passed away at the age of 99, Buckingham Palace have confirmed.

A statement from Buckingham Palace said: “It is with deep sorrow that Her Majesty The Queen has announced the death of her beloved husband, His Royal Highness The Prince Philip, Duke of Edinburgh. His Royal Highness passed away peacefully this morning at Windsor Castle.

Thursday, April 8, 2021

Untold Story As Dangote Teams Up With Flour Mills John Coumantaros In Underground Moves To Shutdown Economy Booster BUA Sugar


A startling scenario is playing out in the sugar industry and it further gives winds to talks about who is really in charge of the current administration handling the affairs of Nigeria.

Aliko Dangote in partnership with John Coumantaros, the Chairman

Forbes Drops Folorunso Alakija Out Of 2021 Billionaires List

Nigeria now has only three billionaires on 2021 Forbes list of world billionaires, with the dropping off of Executive Vice Chairman of Famfa Oil Limited, Folorunso Alakija.

This is the second time in a row she is dropping off the list.

Saturday, April 3, 2021

Afenifere spokesman, Yinka Odumakin dies of COVID-19 complications

Yinka Odumakin, the political activist and publicity secretary of the Pan-Yoruba political group, Afenifere is dead.

Odumakin reportedly died of complications from COVID-19 at the Lagos State University Teaching Hospital.

He was aged 56.


Thursday, April 1, 2021

British media regulator fine Oyakhilome's Loveworld Television N65.6 million over Covid-19 conspiracies


British regulator Ofcom Wednesday fined Loveworld Television Ministry owned by Nigerian pastor Chris Oyakhilome for peddling unsubstantiated claims about COVID-19.⁣

The broadcaster is to pay £125,000 (N65.6m) for broadcasting claims that were “inaccurate and potentially harmful.”⁣

The TV station was found to have breached broadcasting rules in January during its 29-hour show titled The Global Day of Prayer aired in 2020. The station was previously sanctioned in May 2020.⁣

Many of the claims were “unsupported by any factual evidence and went entirely without challenge,” the watchdog said on Wednesday.⁣

“Loveworld’s failure to put these unsubstantiated statements into context risked serious harm to its audience,” Ofcom said in a statement.⁣

“They had the potential to undermine confidence in public health measures put in place to tackle Covid-19 – at a time when cases, hospital admissions, and deaths were rising in the UK, and when people were looking for reliable information given advances in the vaccination programme.”⁣

Loveworld was accused of featuring sermons rife with claims that the virus was “planned” by the “deep state” and that the vaccination drives that trailed the pandemic were a way of injecting people with nanochips to control them.⁣