First Bank

Wednesday, September 29, 2021

Alleged N7.1bn fraud: Court stops EFCC from retrying Orji Uzor Kalu

The Federal High Court, Abuja on Wednesday, stopped the Economic and Financial Crimes Commission, (EFCC) from retrying former Abia Governor, Sen. Orji Uzor Kalu over alleged N7.1 billion fraud.

The trial judge, Justice Inyang Ekwo gave the order while delivering judgment in an application filed by the former governor seeking an order of the court prohibiting the Federal Government through the EFCC from retrying him on a charge for which he had already been tried and convicted.

Tuesday, September 28, 2021

CNN exposes 'Radio Biafra' location in London

The Nigerian separatist movement being powered from a suburban London home

Tucked away down a quiet, leafy street in Peckham, southeast London, is the registered address of a movement seeking to break Nigeria apart.

This suburban spot is the unlikely location for Radio Biafra, a network of internet-based amateur radio stations broadcasting a separatist agenda back to listeners in Nigeria.

Monday, September 27, 2021

UBA publishes names of forex defaulters

The United Bank of Africa (UBA) has published the names of customers the bank said received foreign currency under false pretense and have since refused to return the money.

The release of three names on the bank’s website followed a central bank directive for banks to publish the names of forex defaulters as part of its efforts to clampdown on arbitrage that has helped push the value of naira to an all-time low on both the official and parallel markets.

The Central Bank of Nigeria on August 31 said the directive was prompted by reports of sharp practices by some unscrupulous customers to circumvent its new policy on the sale of forex for overseas personal and business travel.

Friday, September 24, 2021

Adekunle Oyindamola Shefiat talks about how she started with cover songs and her music

Her name is Adekunle Oyindamola Shefiat. But, she would appreciate to  be referred to with her stage name, Saffiya. Saffiya is a Rhythm and Blues and Hip-Hop artiste.  And, wait for this: she is one of the daughters of Fuji music star, Alhaji (Dr.) Sefiu Alao Adekunle better known as Baba Oko and Agbara Orin. Saffiya who graduated from Babcock University is so immersed in her music so much that, if you try to pull her out of it, she would keep dripping of lovely lyrics till she gets back into her groove in music. She is passionate about singing. She spokes in immaculate English, about her music, the inspiration behind it, education, her father, her late mum, and some other related issues. Read on please, it is very intereating

Q: Let's start by asking you to share with us how your experience has been in music. Like how many years have you been doing music?

Thursday, September 23, 2021

Fidelity Bank, Access Bank, GTBank, First City Monument Bank fined N1.4bn for forex infractions, others

Top banks in Nigeria paid a total of N1.4bn as penalties to financial regulatory bodies such as the Central Bank of Nigeria, Security Exchange Council and Financial Reporting Council of Nigeria, in the first half of the year.

The banks are Fidelity Bank, Access Bank, GTBank and First City Monument Bank.

This figure was arrived at from analysis of the H1 2021 financial statements of the banks obtained from their websites.

Findings show that the penalties were as a result of contraventions and infractions of guidelines instituted by the Federal Government through the Banks and Other Financial Institutions Act, relevant CBN circulars, and other regulatory requirements.

Tuesday, September 21, 2021

Risikat Ajoke Adegeye, wife of King Sunny Ade is dead

A former member of the Lagos State House of Assembly, and Wife of popular Juju Musician, King Sunny Ade, Hon. Risikat Ajoke Adegeye is dead.

The deceased who was also a former Chairmanship Aspirant under the platform of All Progressives Congress, APC, in Amuwo Odofin Local Government Area, reportedly died in the early hours of Tuesday.

Adegeye, a devoted and loyal party member of the APC, died after a brief sickness.

Monday, September 20, 2021

Cristiano Ronaldo Scammed Of £250,000 By A Travel Agent

Manchester United forward, Cristiano Ronaldo has been scammed of a whooping sum of £250,000 by his travel agent, Maria Silva.

The 53-year-old, also scammed the football star’s super-agent Jorge Mendes out of more than £14,000 and former United winger Nani out of more than £1,500.

Her wrongdoing led to her getting a four-year suspended prison sentence at a court in Porto, respected Portuguese daily Jornal de Noticias reported on Sunday.

The newspaper revealed dad-of-four Cristiano, 36, was spared having to attend her trial after she made a full confession.

Bawa Is Hale and Hearty - EFCC

The Chairman of the Economic and Financial Commission, EFCC, Abdulrasheed Bawa is hale and hearty. This clarification became necessary following an incident today September 16, 2021 at the Presidential Villa, Abuja where he was giving a goodwill message to the National Identity Day celebration, felt unwell and had to return to his seat.

He has since received medical attention and is due back at his desk.


Saturday, September 18, 2021

Commitment to customer service translates to financial gains – UBA GMD

The Group Managing Director/Chief Executive Officer, United Bank for Africa (UBA) Plc, Kennedy Uzoka, has said that the bank recorded significant improvement in its operational and financial performance as a result of its unending commitment towards delivering products and services aimed at meeting customers’ demands.

Uzoka said this during the Investors/Analysts Conference Call at the bank’s head office in Lagos, Nigeria, on Thursday, September 16, 2021, following the release of its results for the half year ended June 30, 2021.

Monday, September 13, 2021

Dangote Refinery partners Content Board on Oil Sector Research, Devt

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.

To display its readiness for this promotion, Dangote Petroleum Refinery was a Platinum sponsor of the 2nd Edition of Edition of the NCDMB Research & Development Fair and Conference 2021, which took place in Yenagoa, Bayelsa State recently.
Already, Dangote Oil Refinery has selected six graduates across the six geopolitical zones in conjunction with NCDMB to take the MSc and/or PhD programmes at the Ahmadu Bello University, Zaria for Research & Development in Zeolites ZM5in.
With the theme: ‘Creating Sustainable Collaboration in Research and Development for the Energy Sector’, the well-attended conference created a convergence of researchers, industry players, investors, finance enterprises and manufacturing companies to identify patentable or commercially viable products resulting from R&D activities.

Bimbo Oshin loses husband, Dudu Heritage


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.

SCOAN disciples allegedly loot late T.B Joshua's money vault, dragged to EFCC

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

EFCC Cautions Banks Against Forex Malpractices

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

57,000 Personnel to Benefit from Work at Refinery Site, Says Dangote

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.

According to him, the project currently employs 29,000 Nigerians and 11,000 foreigners at the 650,000 barrels-per-day world's largest single refinery project located in Ibeju Lekki area of Lagos. This is a ratio of around three Nigerians to one expatriate presently, which will increase for local talent with the new additions.
Speaking in Lagos in a recent broadcast, which aired on Arise TV, Dangote said the refinery project remains the biggest in Africa and one of the biggest in the world, adding that many Nigerians were getting massive training as a way to build in-country capacity.
“When we started the project, we were supposed to bring a lot of foreign workers, but as we speak today, we have less than 11,000 expatriates. We have almost about 29,000 Nigerian workers that are getting massive training. We are also creating a lot of capacity in the country, which will be of great help for future oil projects in Nigeria, most especially with the opening up of the oil industry through the new Petroleum Industry Act.

Saturday, September 4, 2021

Omoyele Sowore’s younger brother shot dead in Edo


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

Court Freezes Jailed Ex-Bank PHB MD, Atuche’s N19.1bn


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 Now Hotbed of Cyber Crime – EFCC 402 suspects arrested in three months


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.

$350,000 Fraud: Court Freezes Gov. Abiodun’s Aide’s Bank Accounts, Seizes Properties


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.

Kwankwaso: Crisis has weakened PDP — it will tear us apart


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.