A gas tanker apparently stuck under a bridge exploded in Johannesburg on Saturday (December 24), killing eight people, injuring scores more and damaging nearby buildings, emergency services said.
Thursday, December 29, 2022
A gas tanker apparently stuck under a bridge exploded in Johannesburg on Saturday (December 24), killing eight people, injuring scores more and damaging nearby buildings, emergency services said.
Thursday, December 22, 2022
Abdul Samad Rabiu's ASR Africa Soars Higher Education In Nigeria With N5.5B Grant To 22 Institutions
The Abdul Samad Rabiu Africa Initiative (ASR Africa) today, announced a N5.5billion grant to 22 universities and institutions of higher learning across Nigeria of 250million Naira each towards infrastructure projects under its
Wednesday, December 21, 2022
The 2022 FIFA World Cup champions, Argentina, received the biggest monetary award in the history of the competition. Argentina were awarded $42 million for winning the tournament, while runners-up France received $30 million.
The total prize pool for this year’s World Cup was $440 million, with teams receiving larger sums the further they progressed. How Much Money Did Each 2022 World Cup Team Get? Champions: $42 million Runner-up: $30 million Third place: $27 million Fourth place: $25 million 5th-8th place: $17 million 9th-16th place: $14 million Group stage: $9 million The amount is drastically higher than the prize pool of the 2023 Women’s World Cup, which is only $60 million.
…and he won!
Actress, Iyabo Ojo, in the early hours of Wednesday shared a video of herself and music executive, Paul Okoye, and captioned it, "My Obim."
The actress, whose 45th birthday is on Wednesday, had been sharing photos on her Instagram page before now.
Monday, December 19, 2022
Justice James Kolawole Omotosho of the Federal High Court, Maitama, Abuja, remanded Ali Bello, a nephew to Kogi State Governor, Yahaya Bello and one Dauda Sulaiman in prison pending the fulfilment of their bail conditions
They were remanded upon arraignment alongside one Abdulsalami Hudu, Cahier of Kogi State House Administration ( now at large) on a 10-count charge of misappropriation and money laundering
Bello and Sulaiman are accused of fraudulently withdrawing a sum of N10, 270,556,800 (Ten Billion, Two Hundred and Seventy Million, Five Hundred and Fifty-six Thousand Eight Hundred Naira), from the Kogi State treasury, which they delivered to a Bureau de Change operator, Rabiu Tafada in Abuja to keep or change to foreign currencies for personal gains.
Doyin Okupe, former Senior Special Assistant on Public Affairs to Ex-President Goodluck Jonathan, and chieftain of the Labour party is to spend two years in prison following his conviction on December 19, 2022 by Justice Ijeoma Ojukwu of the Federal High Court Abuja.
In a well-considered judgment, the trial court held that the Economic and Financial Crimes Commission, EFCC, successfully established its case against Okupe,that evidence before it established that the defendant had in the discharge of his official duties, accepted cash payments that were above the statutory threshold, without recourse to a financial institution.
It was alleged that Okupe received funds from the office of the National Security Adviser, NSA, which he could not account for. He was convicted and sentenced to two years imprisonment on counts 34 to 59.
The charges are centered on accusations of receiving various sums ranging from N10million in different occasions from 2012 to 2015 from ONSA when he was senior special assistant on public affairs to former President Goodluck Jonathan.
The court however gave the defendant an option of N500,000 fine on each of the counts.
He was however discharged on counts one to 33 which bordered on money laundering and criminal breach of trust
Sunday, December 18, 2022
Wednesday, December 14, 2022
Telecoms and digital service provider, Globacom, on Tuesday presented a brand new Kia car to the latest winner in Ijebu Ode, Ogun state. 27-year-old newly graduated hairdresser, Temitope Bakare, was presented with the keys to her brand new car at the Gloworld Outlet in Ijebu Ode.
Winners of other items such as generators, sewing machines and rechargeable fans were also presented with their prizes at the event.
Thursday, December 8, 2022
Since at least 2013, the Nigerian Army has run a secret, systematic and illegal abortion programme in the country’s northeast, terminating at least 10,000 pregnancies among women and girls, many of whom had been kidnapped and raped by Islamist militants, according to dozens of witness accounts and documentation reviewed by Reuters.
Wednesday, December 7, 2022
The Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Monday, December 5, 2022, arraigned a former employee of Union Bank PLC , Abdulmalik Salau, alongside Ismaila Yousuf Atumeyi and Ngene Joshua Dominic before Justice Tjinani G. Ringim of the Federal High Court sitting in Ikoyi, Lagos on an 18-count charge bordering on an alleged cybercrime and money laundering to the tune of N1, 403, 343, 400.00(One Billion, Four Hundred and Three Million, Three Hundred and Forty-three Thousand, Four Hundred Naira).
One of the counts reads: “That you, Abdulmalik Salau, between August and October, within the jurisdiction of this Honourable Court, without lawful authority, directly caused modification of data held in the network of Union Bank Plc leading to the fraudulent transfer of the total sum of N1, 403, 343, 400.00( One Billion, Four Hundred and Three Million, Three Hundred and Forty-three Thousand, Four Hundred Naira) to the account of FAV Oil and Gas Limited and you thereby committed an offence contrary to and punishable under Section 16(1) of Cybercrimes( Prohibition, Prevention, etc.) Act, 2015.”
A 52-year-old Manager with a first generation bank, Anthony Ukpu, has
The ICPC has arrested and detained Oladapo Oyebanji, more known by his stage name, D’banj.
The musician was arrested and detained Tuesday after ICPC operatives closed in on him, forcing him to surrender himself at the agency’s headquarters in Abuja, Nigeria’s capital, sources familiar with the matter said.
D’banj, insiders said, had dodged summons for weeks, claiming to be overseas for scheduled concerts each time he was invited to appear for interrogation over fraud allegation.
Monday, December 5, 2022
President Muhammadu Buhari was on hand to present yet another award to the Chairman of BUA Group, Abdul Samad Rabiu today at the instance of the Nigeria military.
The event was the Chief of Army Staff Annual Conference which
Zenith Bank Plc has emerged as Bank of the Year in Nigeria in The Banker’s Bank of the Year Awards 2022. The award, which was announced by The Banker Magazine, Financial Times Group, United Kingdom, during the awards ceremony held in London on December 1, 2022, was in recognition of Zenith Bank's strong management, sound business model and strategy, support for small businesses and efforts to cut energy consumption. According to the Banker, Nigeria's Bank of the Year award was among the continent's most hotly contested this year, befitting the country's status as Africa's largest economy. This is coming on the heels of the award as Number One Bank in Nigeria by Tier-1 Capital by The Banker won by Zenith Bank earlier in the year.
Sunday, December 4, 2022
Abia State-born Chukwu Reuben Okorie, was living in a rented apartment until Thursday, December 1, when the Glo Festival of Joy brought him a changed fortune as his number was drawn as winner of a three-bedroom house in Abuja.
At the ceremony to hand over the keys to the apartment to him on Friday, December 2, the 48-year-old businessman, who hails from Bende Local Government area of Abia State, kept begging staff of Globacom at the venue "to please wake me up from this dream. This is too good to be true. This is too much for me to contain".
Friday, December 2, 2022
The Economic and Financial Crimes Commission, EFCC, on Thursday, December 1, 2022 secured the conviction of Professor Magaji Garba, a former Vice Chancellor of Federal University Gusau, as Justice Maryam Hassan Aliyu of the Federal Capital Territory High Court, Garki, Abuja, found guilty of a five count charge bordering on obtaining money by false pretence and forgery and sentenced him to 35 years jail term.
Garba was arraigned by the EFCC on October 12, 2021, for allegedly extorting various sums from a contractor on the pretext of awarding him a N3 billion contract for the perimeter wall fencing of the University.
Albert Bassey, senator representing Akwa Ibom North East at the National Assembly was on Thursday, December 1, 2022 convicted and sentenced to 42 years imprisonment by Justice Agatha Okeke of the Federal High, Uyo, Akwa Ibom state. The court found him guilty of six-count of money laundering preferred against him by the Economic and Financial Crimes Commission, EFCC.
Senator Bassey was prosecuted by the anti-graft agency on allegation of receiving vehicle valued at N204 million as bribe from companies linked to one Olajide Omokore, a contractor who executed a N3billion contract for the Government of Akwa Ibom State whilst Senator Bassey was Commissioner for finance and Chairman of the Inter-Ministerial Direct Labour Coordinating Committee.
Thursday, December 1, 2022
Greenville LNG, the Liquefied Natural Gas company a Nigerian subsidiary of International Engineering & Construction (IEC), a Luxembourg-based construction company is facing a N50 billion court case.
Wednesday, November 30, 2022
Google has agreed to pay $391.5 million in a privacy settlement with 40 state attorneys general over its location tracking practices, according to Oregon's Department of Justice on Monday.
The agreement is the largest consumer privacy settlement by states in US history. States argued that the search giant misled people into thinking they had turned off proximity-based data collection when the company continued to allocate that information. Google agreed to improve its location tracking disclosures starting in 2023.
Embattled financial institution, Heritage Bank is in the news again for yet another fraud related offence.
Omosanyin was sentenced by the Chief Magistrate Linda Yetunde Balogun, of a Lagos Chief Magistrate’s Court, Yaba, last Friday, after pronouncing him guilty of two out of seven counts charge of conspiracy, fraud and stealing of cheques made against him by the Police Special Fraud Unit (PSFU) Ikoyi, Lagos.
Tuesday, November 29, 2022
Monday, November 28, 2022
Stakeholders Extol Jim Ovia, As Zenith Bank Names Iconic Unilag Alumni Building In Honour Of Late Prof. Ibidapo-Obe
In his opening remarks at the commissioning ceremony, the Group Managing Director/CEO of Zenith Bank Plc and Chairman of the Body of Banks' CEOs in Nigeria, Mr Ebenezer Onyeagwu, lauded the Founder and Chairman of the bank, Jim Ovia, CFR, for being physically present at the commissioning of the building to honour the memory of his late friend, Prof. Oyewusi Ibidapo-Obe, who served on the board of Zenith Bank as a Non-Executive Director, and for his passion for youth education and digital learning.
Friday, November 25, 2022
A total sum of N53 million in prize money was won at the end of a keenly contested hackathon session at the Second Edition of the Zenith Tech Fair, themed "Future Forward 2.0", which was held on Wednesday, November 23, 2022, at the Eko Convention Centre, Eko Hotels & Suites, Victoria Island, Lagos.
The prize money was shared among eleven finalists who emerged from the over 500 contestants that took part in the hackathon, with Ecotutu, a cleantech company making cooling affordable and accessible for businesses, especially in the agricultural sector, emerging as the overall winner and taking home the grand prize of N20 million. This is in addition to a mentorship programme with Seedstars, a company dedicated to implementing high-quality capacity-building programmes for entrepreneurs in emerging markets.
Thursday, November 24, 2022
Governor of Ebony State, Dave Umahi has urged the people of the South East to ensure that Asiwaju Bola Ahmed Tinubu is elected the next President of Nigeria.
Wednesday, November 23, 2022
Digital services provider, Globacom, on Monday, November 21, 2022, took its Festival of Joy promo train to the ancient city of Benin, Edo State, where a third winner of its highly coveted brand new car prize emerged, among other winners.
The Festival of Joy is an ongoing consumer promotion by the telecom giant to reward new and existing customers for their continued patronage from now and all through the festive season. The company had last week presented a new three-bedroom house to a 19-year-old student of Ekiti State University, while two car winners who emerged from Abuja and Ibadan were also presented with their prize as part of the promo.
The presentation event in Benin saw the emergence of Enakpomu Harrison, an Account Officer in a real estate firm in Edo State, as the third winner of the brand-new Kia car. Expressing his joy, he said, "I saw the offer last week Monday and decided to give it a try and suddenly got a call later in the week and was told I had won the new car. I could not contain my excitement as this is surely going to change my life". He expressed gratitude to Globacom and encouraged telecoms service users across the country to subscribe to Glo.
Tuesday, November 22, 2022
The governor of Nigeria’s central bank, Godwin Emefiele has announced that President Buhari will launch the new naira notes on the 23rd of November 2022.
This is well ahead of the earlier scheduled date of December 15th, 2022. The governor made this known in his briefing to the media at the monetary policy communique held on November 22nd, 2022.
Mr. Emefiele also insisted that there is no going back on the January 31st data of ensuring all old currencies lose their legal tender status. Mr. Emefiele also said he is relying on their law to push this policy forward.
Nigeria’s central bank governor, Godwin Emefiele also announced the apex bank is planning to reduce the volume of N500 and N1000 notes in circulation “over time”.
Monday, November 21, 2022
It was a great spectacle to behold as the Christmas and Yuletide season came to life at the 2022 Zenith Bank Christmas Light-Up Ceremony, which was held at the Ajose Adeogun Street Roundabout, Victoria Island, Lagos, on Saturday, November 19, 2022. The official lighting ceremony, which was performed by the Group Managing Director/CEO of Zenith Bank Plc, Mr. Ebenezer Onyeagwu, supported by Executive Management, was witnessed by many of the bank’s staff and customers, with others joining virtually.
Saturday, November 19, 2022
Friday, November 18, 2022, will forever evoke joyous memories for 42-year-old Adeosun Adedayo as he became a proud owner of a brand new Kia car in the ongoing Globacom Festival of Joy promo.
For the Kuje-based Automobile Engineer, it was a fitting fulfillment of his cherished dream of
Thursday, November 17, 2022
Tuesday, November 22 and Wednesday, November 23, 2022, at the Eko Convention Centre, Eko Hotels & Suites, Victoria Island, Lagos, from 8.00 a.m. to 6.00 p.m. daily.
Conceived in the mould of global technological events such as the Consumer Electronics Show (CES) and EmTech Asia, the fair will showcase leading technology innovations that cut across different aspects of life, such as Artificial Intelligence, Computing, Machine Learning, Blockchain, Robotics, Big Data, FinTech, Augmented Reality, Data Analytics, 5G and Communication Technologies, among others. The event will also feature Hackathon sessions to identify innovative startups, panel discussions, masterclasses and exhibitions.
The two-day fair will feature a welcome address by Jim Ovia, CFR, Founder and Chairman of Zenith Bank and opening remarks by Ebenezer Onyeagwu, Group Managing Director of Zenith Bank Plc and Chairman, Body of Banks' CEOs, Nigeria. The keynote address, "The Future of Banking: Digital Transformation Journey", will be delivered by Brett King, a renowned futurist, bestselling author, award-winning speaker, Founder of Moven and Author of Bank 4.0. Other eminent IT practitioners who represent top global brands will make presentations. These include; Tarik Alatovic, Senior Partner, McKinsey; Juliet Ehimuan, West Africa Director, Google; Ola Williams, Country Manager, Microsoft Inc.; Andrew Uaboi, Vice President/Head, Visa West Africa; Mrs Rakiya Mohammed, Director of Information Technology, CBN; Chris Lu, Managing Director, Huawei Technologies Nigeria, and Dame (Dr.) Adaora Umeoji, OON, Deputy Managing Director of Zenith Bank Plc, amongst others.
The fair will feature three panel discussions. The first panel, which will examine "The future of payments: what next and how can we get there", has Prof. Yinka David West of Lagos Business School as the host, with four discussants, including Agada Apochi, Managing Director, UPSL; Olu Akanmu, Managing Director, Opay; Premier Oiwoh, Managing Director, NIBBS; and Kari Tukur, V/P & Head of Products East/West Africa, MasterCard.
The second panel will explore the theme "What are the main challenges of digital transformation in the financial industry? How do we solve them?". It will be hosted by Brett King and has four discussants, including Tosin Eniolorunda, Managing Director, TeamApt; Obi Emetarom, Managing Director, Appzone; Dr. Babatunde Obrimah, COO, FintechNGR; and Olugbenga Agboola, Founder/CEO, Flutterwave.
The third panel discussion is titled "Driving the global trade revolution with technology: current transformation trends". The panel, which will be hosted by Samuel Eze, Founder/CEO, Ourpass, has five discussants, including Mike Ogbalu III, Managing Director, PAPSS; Akeem Lawal, Divisional CEO, Interswitch; Massimiliano Spalazzi, Country Manager, Jumia; and Dr. Ozoemena Nnaji, Director of Trade & Exchange, CBN.
The first edition of the Zenith Tech Fair was held on November 27, 2019, at the Landmark Events Centre, Victoria Island, Lagos. Tagged 'Future Forward', the fair featured a hackathon which produced ten winners, including Octave Analytics Limited, who won the grand prize of N10m; Neohaul Technologies, the first runner up who received N6m prize; and reQuid Technologies, the second runner up who won N5m. Other winners who took home N1m each includes Termii, Xcard Nigeria Limited, Payonhold, Escrow Inc, Alerzo, Nairapacket and Qview.ai.
To register and participate, visit www.zenithbank.com/techfair. After registering, you will receive a confirmation email. The fair will be live on Zoom for participation and streamed on the bank’s social media pages including YouTube.
"I Am Still In Disbelief" - 19yr Old House Winner In Glo Festival Of Joy Declares After Getting Keys
The first house winner in Globacom’s Festival of Joy promotion, Ibrahim Akindele, who took possession of the property on Wednesday, November 16, said he is still in disbelief even after collecting the keys to the apartment from the company.
Wednesday, November 16, 2022
Presidential Candidate of the All Progressives Congress, Asiwaju Bola Ahmed Tinubu, has assured the leadership of the Christian Association of Nigeria that he will not run his administration on the basis of religion if elected President of Nigeria.
Leading telecommunications and digital services provider, Globacom, has renewed its brand endorsement deal with sensational singer, Teniola
Apata, popularly known as Teni, for another
Monday, November 14, 2022
Major Opportunity For Youths As TalentCity Energy Throws Weight Behind FG’s Renewable Energy Master Plan
Talentcity Energy, a renewable energy development company, is ramping up its youth empowerment programme with three training programmes scheduled for the rest of the year as part of its contribution to the achievement of the Renewable Energy Master Plan (REMP) and the government’s economic development efforts.
Thursday, November 10, 2022
Prudential Africa Leads Industry With Highest Number Of Million Dollar Round Table (MDRT) Qualifiers
Million Dollar Round Table (MDRT) is the global Premier Association of Financial Professionals. MDRT members lead the global financial services profession in professional knowledge, ethical conduct, and client service. Members are recognized as setting the international standard of excellence in the financial services field, meeting unique client needs in the evolving landscape of modern personal finance while adhering to a strict code of ethics.
Wednesday, November 9, 2022
Platforms Inc.O said on Wednesday (9 November) it will let go of 13% of its workforce, or more than 11,000 employees, in one of the biggest layoffs this year as the Facebook parent battles soaring costs and a weak advertising market.
Monday, November 7, 2022
Over a thousand protesters marched through downtown Accra on Saturday (November 5), calling for the resignation of Ghanaian President Nana Akufo-Addo amid an economic crisis that has hammered the cedi currency and seen fuel and food costs spiral to record levels.
Thursday, November 3, 2022
Friday, October 28, 2022
Zenith Bank Plc has announced its unaudited results for the third quarter ended 30 September 2022, recording a remarkable double-digit growth of 20% in gross earnings from NGN518.7 billion reported in Q3 2021 to NGN620.6 billion in Q3 2022. This performance demonstrates the Group’s resilience against a challenging macroeconomic environment.
According to the unaudited account presented to the Nigerian Exchange (NGX), the growth in the topline was driven by interest and non-interest income growth. Interest income grew by 27% from NGN308.8 billion to NGN390.8 billion, driven majorly by growth in risk assets and an improvement in pricing. This also strengthened Earnings Per Share (EPS) by 9% to NGN5.55.
Monday, October 24, 2022
Over 500 Government Vigilantes invaded the Dangote Cement Plant located at Obajana on Wednesday at the behest of the State Governor and forcefully shut down its operations.
Cement trucks were also burnt, and many others were vandalized, as they forcefully hijacked Dangote buses and vans.
Friday, October 14, 2022
Asiwaju Bola Ahmed Tinubu, the frontrunner in the race to determine the new President of Nigeria has provided an insight into the character of the new Chief Justice of the Federation, Olukayode Ariwoola.
“He is never swayed by anything but
The EFCC on Thursday, October 13, 2022, made a tripartite application before Justice D.U. Okorowo of the Federal High Court sitting in Abuja, praying the court to issue a bench warrant for the arrest of