First Bank

Thursday, June 30, 2022

JJC Skillz, Funke Akindele's marriage crash

Movie producer JJC Skillz has revealed that he and his wife Funke Akindele have been separated.

He made this announcement in an Instagram post on Thursday morning, admitting that their marriage has been having issues for over two years.

JJC Skillz wrote on Instagram:

'Dear Friends and family I need to let you know that Funke and I have separated. '

While it lasted we shared a lot of things together and have created 2 beautiful children. The last two years have been extremely difficult for us. I know I have tried my best to fix things but I believe it is beyond repair now. 

3 months ago and at Funkes insistence I moved out of the house and apart from AMVCA have not been able to get Funke to sit down in an amicable manner to discuss the future of our relationship. 

I'm making this announcement so that the public is clear that we both are pursuing separate lives. We still have issues that need to be addressed such as the custody and wellbeing of our children which is paramount as well as business interests which need to be disentangled but I have no doubt that these will be resolved one way or the other

Mr. Abdul Bello

Wednesday, June 29, 2022

FIrstBank partners with Eloy Foundation to promote the sustainability of female owned small businesses

In furtherance of the need to empower female business owners across the country, The ELOY Foundation, in partnership with FirstBank presents the ELOY Foundation Business Shower, created to support female entrepreneurs on their journey to building sustainable businesses. The support from FirstBank will be carried out through the FirstGem loan scheme designed for female-owned or partnered MSMEs and its SMEConnect initiative.

The partnership focuses on key sectors of the economy and designed to have female entrepreneurs exposed to essential business skills like training, networking and the ELOY Foundation Business Toolkit, a compilation of business survival skills nuggets. The business shower will avail businesses a platform to pitch their ideas to win seed grants and join the ELOY Foundation Sustainable Empowerment Programme 2022. Participants will also be able to access the FirstGem single digit loan, where eligible

Safe driving: FRSC commissions Dangote truck driving school

 …Dangote also trains block makers in Kano, Katsina to prevent building collapse

Leading Cement manufacturer, Dangote Cement Plc, on Wednesday launched the Dangote Articulated Truck Driving School in a move aimed at inculcating safe driving culture in its drivers so as to stem the tide of road crashes.

The opening of the school in partnership with the Federal Road Safety Corps (FRSC), the Company management reasoned, would also make the drivers become better road users.

The Academy, which was officially commissioned by Corps Marshal of the Federal Road Safety Corps (FRSC), Dr. Boboye Olayemi Oyeyemi, was characterized as historic and unique. 

Monday, June 27, 2022

Justice Olukayode Ariwoola is Nigeria's next Chief Justice of Nigeria

Justice Muhammad has resigned from his position, reportedly on health grounds.

The CJN’s Special Assistant on Media, Mr Isah Ahuraka confirmed the news and Justice Ariwoola is set to be the next most senior.

Justice Ariwoola was born on Aug. 22, 1958, and appointed a Justice of the Supreme Court of Nigeria in 2011.

Friday, June 24, 2022

Rivers ADC governorship candidate picks Tonto Dikeh as running mate

The Governorship candidate of the African Democratic Congress (ADC) in Rivers State, Mr. Tonte Ibraye, has announced Nollywood controversial actress, Tonto Dikeh as his running mate for the 2023 governorship election in the state.

The actress took to her official Instagram page on Friday to announce the news and wrote:

“I thank Mr. Tonte Ibraye(@tonteibraye), the Governorship Candidate of the African Democratic Congress (ADC) Rivers State for nominating me as his running mate.

“We are looking forward to investing massively in social protection, creating a social value system for young people, increasing women’s inclusion in our governance system, supporting small businesses and strengthening our traditional institutions to be active players in the drive to bring sustainable development to the good people of Rivers State.

“I am glad to be a proud member of the #RiversRescueMission2023
Please get your PVC and join the movement.
You are the Future and The future is now!TonteTonto2023″

Wednesday, June 22, 2022

Court order Mompha's arrest, revoke bail

A Special Offences Court, Ikeja, on Wednesday, issued a bench warrant for the arrest of suspected internet fraudster Ismaila Mustapha known as Mompha.⁣

Justice Mojisola Dada ordered his arrest for failing to appear in court on two scheduled dates for his trial.⁣

The Economic and Financial Crimes Commission (EFCC) is prosecuting Mompha on an 8-count charge of conspiracy and money laundering of over N6 billion. He is being prosecuted alongside his company, Ismalob Global Investment Limited.⁣

Mompha was arrested on January 10 by the EFCC but was arraigned and granted bail.⁣

His matter could not proceed due to his absence at the last adjourned date.⁣

The EFCC lead counsel, Rotimi Oyedepo, asked the court for another stand down, but the judge returned the request.⁣

Oyedepo told the court that the development shocked him.⁣

He urged the court to allow the defence to speak to his client and put him on the speaker to confirm the position of things.⁣


Monday, June 20, 2022

Fuel scarcity return to Lagos, as filling stations hoard product while some add N4 to pump price

Fuel scarcity has returned to parts of Lagos, as queues started resurfacing in some filling stations along Lagos Ibadan expressway, Ikeja, Kola, Ikorodu road, and Ikoyi as soon as early hours on Monday.

This is as some filling stations along these axes and more as queues were sited at filling stations across the areas mentioned above.

This will be the second time this year fuel scarcity will be hitting major cities in Nigeria. 

Sources say the smooth distribution of petrol is currently been disrupted and marketers and transporters are now finding it difficult to bridge products to other parts of the country from the depots because of running costs.

Friday, June 17, 2022

Suki Salaam drops new single 'Abena'

Sunkanmi Salaam, a.k.a Suki Salaam is one of Nigeria's fastest-rising artists from Africa.

The talented artist has just released a new song titled “Abena”. 

This Afrocentric Pop-soul vibe is smoothly delivered and will make you sing along all day. 

“Abena” celebrates the diverse beauties of African women. 

The Afro-Jazz instrumentation introduces the signature 'Fela' sound' blended with Suki's eccentric melodies.     

This timeless record will push the narrative of the Afrobeats genre and its fusion.


Sunday, June 12, 2022

Burna Boy breeze to Spain after police escorts shoot married man and friend in the head

The Lagos State Police Commissioner’s Special Squad has detained five policemen attached to singer, Damini Ogulu, aka Burna Boy, for attempted murder after they shot two fun seekers— Irebami Lawrence and another identified simply as Tolu— at Club Cubana on Victoria Island, Lagos, on Wednesday.

According to a preliminary report by the Bar Beach Police Division, trouble started when the singer and five police escorts visited the nightclub around 4am on June 8.

About four policemen waited outside while one of the policemen, identified as Inspector Ibrahim, who was in mufti, accompanied the Grammy-Award-winning artiste into the club.

According to multiple witness statements, the singer was in the VIP section with three women when he spotted another woman.

He was reported to have told Ibrahim to invite the woman to join him.

Wednesday, June 8, 2022

Tinubu defeats Vice President Yemi Osinbajo, Amaechi, Ahmed Lawan others to clinch APC Presidential ticket

Ex-Lagos State governor, Bola Tinubu, has taken clinched the presidential ticket of the All Progressive Congress APC.

A review of the sorting and counting shows how Mr. Tinubu had over 50 per cent of the total votes.

Other candidates who have gotten significant votes are ex-transport minister Rotimi Amaechi, Vice President Yemi Osinbajo and Senate President Ahmad Lawan.

Sunday, June 5, 2022

Oyo deputy governor dumps PDP for APC

The deputy governor of Oyo state Rauf Olaniyan has defected from the People Democratic Party (PDP) to the All Progressives Congress (APC).

His decision to cross-carpet ended weeks of speculation about the deputy governor’s membership in the Peoples Democratic Party (PDP).

Mr. Olaniyan said his defection was informed by calls from his supporters who were unhappy with how he has been excluded from the affairs of the PDP and the state.

Wednesday, June 1, 2022

Zenith Bank Redeems $500m Eurobond

Zenith Bank Plc has announced the redemption of the balance of $107.4 million of its $500 million Eurobond Notes due May 30, 2022.

Analysts say this is a demonstration of the Bank’s highly diversified and robust funding sources, and its pedigree and track records in treasury management.

The Eurobond Notes were issued on May 30, 2017, as the second tranche of the Bank’s $1 billion Global Medium Term Note Program, with a 5-year tenor and coupon of 7.375%.

In September 2019, the Bank had redeemed $392.6 million of the Notes through a Cash Tender Offer ahead of its maturity date of May 30, 2022.

Zenith Bank Plc, Nigeria’s largest and Africa’s twelfth largest bank by Tier 1 capital (The Banker Top 1000 World Banks 2021 Ranking) has consistently demonstrated market leadership, growth capacity, a solid and liquid capital base, good returns on investment and excellent customer service.

Over the years, the Bank has maintained a deep understanding of the market and its operating environment to sustain excellent results, an indication of the Bank’s robust enterprise risk management framework and strong corporate governance.

How Nepal Oil boss,Ngozi Ekeoma defrauded Nigeria of $10m

 Mr. and Mrs. Ekeoma further instructed him and one Ugochukuwu Onwugbuna to form a firm in Liberia called Dexter Oil Limited to conduct oil trading transactions.

Ngozi Ekeoma, CEO of Nepal Oil and Gas Services Limited, might face jail time for allegedly defrauding the government of $10 million in subsidies.
This is in response to a recent plea by Chukwuemeka Ekwnuife, a former banker, to the Honorable Minister of Justice and Attorney General of the Federation (AGF), Abubakar Malami SAN, over the alleged scam, ENigeria Newspaper understands.

Excitement in shareholders’ camp as Firstbank sheds NPL burden

With a significant cut in its impairment charges (which translates into a clean loan book) in its 1Q, 2022 results, after it successfully brought down its non-performing loan to 6.1 per cent in 2021 full year performance, analysts say the repeat of the impressive performance of FirstBank in the first quarter did not only show the consistency in its rebound, but that it demonstrated the fact that the recovery is real. 

For the shareholders of the Nigerian banking behemoth, First Bank of Nigeria Limited, it is a season of celebration and a period to shower praises on the board and management of the bank for successfully working its way back into reckoning, after a long period of operational challenges mostly blamed on rising cases of non-performing loans.