The Nigeria Customs Service (NCS) has refuted claim that it expended N1.6 billion to conduct recruitment exercise for 3,200 personnel into the service. The service made the denial in response to an accusation levelled by the Vice Chairman, Senate Committee on Customs, Ade Fadahunsi, against the Comptroller General of theRead More →
Nigeria’s Access Bank Plc on Monday debunked rumours doing the rounds on social media that its Group Chief Executive Officer, Herbert Wigwe, was arrested last week by Economic and Financial Crimes Commission (EFCC). The clarification was made In a statement signed by Access Bank’s Company Secretary and sent to theRead More →
A customer relationship manager with First Bank of Nigeria Limited, Kehinde Adewuyi, has been arraigned for allegedly converting the sum of N52,628,000 from his employer’s account to his personal use. The 36-year-old suspect was on Tuesday arraigned before the Igbosere Magistrates’ Court on three counts bordering on stealing. The suspectRead More →
For the past few months, Managing Director (MD) of Unity Bank, Tomi Somefun has been hugging negative spokes of the limelight. She has been in and out of troubles to last a lifetime. Recent reports have it that the National Industrial Court of Nigeria (NICN) has been asked to commenceRead More →
Experience, they say, is the best teacher. But for Aminu Babangida, the handsome and ambitious chairman of Unity Bank, it is also the best excuse. Still full of the joie de vivre of youth, he is under huge pressure to vacate singlehood and join the league of happily married folks.Read More →
One of the country’s biggest lenders Zenith Bank Plc has filed two separate applications to join a bankruptcy suit as an interested party in a last-ditch effort to recover $100 million in loans disbursed to Erin Petroleum Nigeria Limited. The financial institution, which numbers among Nigeria’s biggest by capitalization, filedRead More →
CBN reduces charges applicable to bank accounts, electronic transfers, and Automated Teller Machines (ATM). Electronic transfers below N5,000 will attract a maximum charge of N10; transfer from N5001 – N50,000 – N25; and transfers above N50,000- N50. CBN says the new charges will further allow bank customers to embrace electronicRead More →
In furtherance of CBN’s quest to make financial services more accessible and affordable to various stakeholders in the economy, the Central Bank of Nigeria (CBN) on Sunday, reduced the withdrawal fee charged for the use of other banks’ Automated Teller Machines from N65 to N35. The new guideline signed byRead More →
…As Receiver/manager takes over assets of Stallion Nigerian company A Federal High Court sitting in Lagos south west Nigeria has granted an order protecting the Receiver /Manager appointed by Guaranty Trust bank Plc, Mr Gbenga Akinde- Peters to take over all fixed and floating assets of Stallion Nigeria Limited companyRead More →
