First Bank

Thursday, December 29, 2022

Gas tanker explodes killing 8 in Johannesburg

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.

The blast broke the roof of the emergency department at the Tambo Memorial hospital, destroyed two houses and several cars, and injured bystanders.

The vehicle caught fire while under a low bridge, but emergency services spokesperson William Ntladi said investigations were ongoing.

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

Here’s how much money you get for winning the World Cup

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. 

14 year old prayed for father to win Glo car

…and he won!

For 48-year-old Afolabi Job, Globacom must have been sent to answer the
prayer of his teenage son who on Monday December 19 prayed that God
would surprise his father with another car, his old car having packed
up. That prayer came true as he won a brand new car in the ongoing Glo
Festival of Joy promo.

Two hours after his son’s prayer, Job got a call from Glo officials
informing him that his number had been drawn as winner of a brand new
car in the promo.  Afolabi, an employee of Zartech Farms in Oluyole
Estate, Ibadan, explained at the presentation of prizes to him and other
winners in Ibadan on Tuesday, December 20, that he once drove a
functional car but had to park it when he could no longer maintain it.

Actress, Iyabo Ojo, flaunts lover on Instagram

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

Money Laundering: Kogi Gov’s Nephew Arraigned for N10bn Fraud

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.

Court Sends Okupe to Jail for N702m Scam

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

Argentina beat France 4-2 on penalties to win World Cup


Argentina won the World Cup on Sunday, defeating defending champions France 4-2 on penalties, following a dramatic 3-3 draw after extra time.

Argentina keeper Emiliano Martinez saved Kingsley Coman's penalty and Aurelien Tchouameni fired wide before substitute right-back, Gonzalo Montiel, stepped up and converted his spot kick to give Argentina their first world title since 1986, and third overall.

France had come from two goals down to level over 90 minutes with Kylian Mbappe netting twice in two minutes, including an 80th-minute penalty.

The France striker completed his hat-trick in the 118th with another spot-kick after Argentina's Lionel Messi had tapped in for a 3-2 lead in the 109th.

Argentina had gone 2-0 up in the first half with Messi, making a record-breaking 26th World Cup appearance, converting a 23rd-minute penalty.

They struck again with a sublime four-pass counter-attack as Alexis Mac Allister's cutback found Angel Di Maria and he finished well.

Wednesday, December 14, 2022

More Car, other Prize Winners emerge in Glo Festival of Joy

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

Reuters reveals how Nigerian army allegedly run a 'secret abortion programme'

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.

Nigerian military leaders denied the abortion programme ever took place during an interview with Reuters in November.

The abortions mostly were carried out without the person’s consent – and often without their prior knowledge, according to the witness accounts. The women and girls ranged from a few weeks to eight months pregnant, and some were as young as 12 years old, interviews and records showed.

Wednesday, December 7, 2022

EFCC Arraigns Ex-Union Bank Staff, Two Others for Alleged N1.4bn Fraud in Lagos

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.”

Warri Banker takes home Glo brand new car in Warri

 A 52-year-old Manager with a first generation bank, Anthony Ukpu, has

taken home a brand new car he won in the ongoing Glo Festival of Joy
promo in Warri, Delta State.

The car was presented to him by the Chairman, Delta State Assembly
Committee on Health, Hon. Augustine Uroye, and by Glo officials. Many
other Nigerians also went home with different other prizes won in the
promo, including power generating sets, sewing machines and rechargeable

D’banj arrested, detained for N-Power project fraud

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 Buhari Presents Another Award To BUA Chairman, Abdul Samad Rabiu

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 Wins “Bank Of The Year, Nigeria” In The Banker Awards 2022


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

Abuja Glo promo house winner yet to wake up from dream!

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

Alleged N260m Fraud: Court Sends Ex-Gusau Varsity VC, Prof. Garba to 35 Years in Prison

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.

Senator Bassey Jailed 42Years for Money Laundering

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

Why Another Mega Lawsuit Looms Against Greenville LNG

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.

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