First Bank

Tuesday, August 31, 2021

U.S. Based Nigerian Professor Set To Write Book On Fuji, Engages Sefiu Alao For Content

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.

The Professor was the guest of the Fuji music at his palatial home, known as Lemon House, at Quarry Road, Abeokuta , Ogun State, recently. And during the interview recorded a very sophisticated video camera from which the contents for both the book and the documentary would be derived, threw questions bordering on his Fuji music career, at Sefiu Alao which he answered in details. The interview session during which the Fuji music star had to changed from one attire to the order, so as to shoot the visuals from different backgrounds, lasted for about two hours.

Monday, August 30, 2021

Zenith Bank's Profit Before Tax (PBT) Rises By 3% To N117 Billion In Half-Year 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

Zenith Bank Launches Ziva Whatsapp Banking

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.

Customers can enrol by simply adding the bank's verified WhatsApp mobile number 07040004422 on their mobile devices, agree to the legal terms of use and then initiate a conversation. This product provides the convenience for the bank’s customers to interact and transact on a 24 hours basis on the encrypted WhatsApp platform.

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

EFCC warns Bank Chiefs against fraudulent election financing and Forex malpractices

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.

EFCC Explains Presence of Operatives at Dorothy Bachor’s House

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

Divorce: Paul Okoye’s Wife, Anita, demands N7.8m monthly child support

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

I’ve had diabetes for over 35 years — but I’m still jumping up and down - Obasanjo

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

Nigerian hacker hacks into a Nigerian Bank system, steals over N1.868bn

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

'Twitter to set up Nigerian office in 2022' — Lai Muhammadu

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.

How Lionel Messi’s PSG shirt sold out in 30 minutes

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!”

Monday, August 2, 2021

Zenith Bank GMD, Onyeagwu Calls For Increased Impact Investment For Africa At Global Summit

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.