First Bank

Wednesday, July 21, 2021

Details As GTBank Is Dragged To Court Over Popular Food & Drinks Fair


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.

The mysterious woman has been identified

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 Maintains Dominance, Emerges Best Commercial Bank In Nigeria

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.

What They Are Saying About NTDC Boss, Folorunsho "Folly" Coker

Folorunsho Folarin Coker, the number one champion of the nation’s tourism sector is

Wednesday, July 14, 2021

N700m Diezani Bribe: EFCC RE-Arraigns Ex-Gov Yero, Others

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

GTBank Hit By Mass Resignation, Mobile App & USSD Transaction Failures

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

N900m alleged fraud: Court denies ex-JAMB Registrar Ojerinde bail

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 Hurdle Before Fidelity Bank CEO Nneka Onyeali- Ikpe

 The work of Nneka Onyali-Ikpe the chief Executive Officer at Fidelity Bank has been made very simple.

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 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 Retains Position As Nigeria’s Number One Tier-1 Bank

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.