Zenith Bank Surmounts Headwinds With Strong Q3 2022 Topline And Bottom Line Performance

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.

Kogi Government vigilantes inflict enormous damage on Dangote cement in Obajana

Destruction of the company’s assets wounded staff from gunshots, and violation of the fundamental human rights of staff and commuters are some of the fallouts from the invasion of the Dangote Cement Plc by Governor Yahyah Bello’s extra-judicial forces popularly referred to as ‘Government Vigilantes or Government Hunters.’ 

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. 

Tinubu Says New CJN, Ariwoola Has "Always Distinguished Himself In Character And Conduct"

 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

EFCC Wants Arrest Of Briton, James Nolan In $9.6b P&ID Fraud Case

 

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

South African girls struggle with teen pregnancies

Like most women, Serena Phaka's life was upended when she became pregnant, as the thought of balancing her education with mothering led to panic and seemed daunting. But unlike most, she was only 15 years old.

Teenage pregnancy has long plagued South Africa, affecting tens of thousands of girls each year.

Educators say lack of sex education and counselling has fueled the problem, which causes many girls to drop out of school and prolongs the cycle of poverty.

Sacked Winners Chapel Pastor sue Davide Oyedepo, Demands N350m Compensation

A sacked Area pastor of Living Faith Church (aka Winners’ Chapel) in Palm Street Assembly, Atakpa, Calabar South local government area of Cross River State, Domino Esang Mbang, has dragged the church to the National Industrial Court of Nigeria (NIC), Calabar Judicial Division, for unlawful dismissal from the ministry.

Esang, a graduate of Maths and Statistics, University of Calabar (UNICAL), before going into pastoral work, said although there was nothing wrong if his employers found his services no longer needed and laid him off, the church mandate/operational manual was not followed by “my persecutors”.

In suit No: NICN/CA/25/2022 between Esang as claimant and the presiding bishop of Living Faith Church Worldwide Incorporated, Bishop David Oyedepo, Pastor Adebisi Aboluwade and two other defendants, the applicant said he went to court to seek redress and to enable the authorities of the church to know how he was treated.

The case would be heard on October. 26, 2022 in Calabar.

Leadership

EFCC Arrests Ekiti DJ for Impersonating Popular Artiste, Portable

Operatives of the Ilorin Zonal Command of the Economic and Financial Crimes Commission, EFCC, have arrested an Ekiti state-based Disc Jockey, Famotemi Toluwani Timothy for allegedly impersonating a hip-hop singer, Habeeb Okikiola, popularly known as “Portable”.

He was arrested on Thursday, September 29, 2022.

Timothy, a native of Igede-Ekiti in Ifelodun Local Government Area of Ekiti State, allegedly opened an Instagram account with the name “Zazoo Omolalomi Portable” where he claimed to be the singer.

Investigations showed that the suspect met one of his victims, Adebayo Adedimeji Lukman, running a Club in Offa, Kwara State, on social media and introduced himself as “Portable” and bargained to perform at the Club for the sum of N1 million naira.

The suspect requested that 80 percent of the money be paid before the event, and Adebayo reportedly paid the sum of N790,000 (Seven Hundred and Ninety Thousand Naira) into a bank account number provided by the suspect.

However, the self-styled artiste, “ Portable” did not show up at the event, which was held on February 18, 2022 and eventually blocked all means of communication with the suspect.

The suspect will be charged to court as soon as investigations are concluded.

F.B.I arrest three Nigerian teenagers for defrauding Arizona, California, North Carolina of $1.4million (N580 million) jobless benefits claim

The F.B.I has cracked down on three Nigerian teenagers for defrauding Arizona, California, North Carolina of $1.4million (N580 million) Jobless benefits claim…

The suspects are Quazeem Owolabi Adeyinka, 20; Ayodeji Jonathan Sangode, 22; and Olamide Yusuf Bakare.

They were rrested after being caught by security cameras of Automated Teller Machines withdrawing huge sums of money  

Bank of America (BofA) records show that 175 prepaid cards worth more than $1.4 million total from Maryland were sent to the suspects’ addresses. 

The funds were depleted through purchases, transfers, and ATM cash withdrawals conducted in California, Florida, and Maryland. 

ATM withdrawals alone amounted to over $989,000’, other funds according to prosecutors.

The suspects were said to have used an address located at 3217 75th Avenue in Hyattsville, Maryland, to defraud the state of California of over $1.2 million, with an attempted loss of more than $2.6 million. 

Court orders FCMB to pay N540m to pastor wrongly accused of laundering money for Magu

The Federal Capital Territory (FCT) High Court, on Tuesday, ordered the First City Monument Bank (FCMB) to pay N540.5 million in damages to a pastor, Emmanuel Omale, of the Divine Hand of God Prophetic Ministry and his wife, Deborah, over false claim that they laundered N573 million for former chairman of the EFCC, Ibrahim Magu.

Delivering judgement in the suit, Yusuf Halilu, the judge, held that the bank breached its “duty of care to the claimants,” the Omales and their church.

The judgment was on the suit marked: FCT/HC/CV2541/2020 filed by Mr Omale, his wife and the church.