Business

Zenith Bank Inserted N18B Illegal Charges On Stallion Group Account–Vaswani

  …Denies N23B Indebtedness     Story By Gbenga Ogunbufunmi   As the rift between Zenith Bank PLC and Stallion Group of companies over alleged indebtedness of  N23, 388, 188, 756. 049 billion owed by  the conglomerate to the bank deepens,  the key promoter of the conglomerate, Mr Sunil Vaswani while denying the indebtedness,  has […]


We Are Ready For International Flights–NAHCO, SAHCO PLCs 

  …Say Airlines’ Indebtedness To Ground Handlers Is Huge,  …As Fmr. NAHCO Boss Urges Handlers To Ensure They Benefit From FG Palliatives The Group Managing Director of Nigerian Aviation Handling Company (NAHCO) Aviance PLC, Mrs. Olatokunbo Fagbemi and the Managing Director/Chief Executive Officer of Skyway Aviation Handling Company (SAHCO)PLC, the leading handlers in the country, […]


How First Bank Officials Used My Account To Commit N14M Fraud–School Proprietor

    Story By Gbenga Ogunbufunmi   A customer with First Bank Plc, Mr Afolabi Nasiru, has told a Special Offences Court, Ikeja, Lagos, how his account with the bank was used in perpetrating N14 million fraud. Afolabi, a media agent and a school proprietor, made the sterling revelations while defending himself before Justice Mojisola […]


Aggrieved Ex- UBA Staff Ask Court To Restrain Bank From Tampering With Their Accounts

    Story By Gbenga Ogunbufunmi   Former staff of the United Bank for Africa (UBA) Plc, who alleged that they were wrongly disengaged from the service of the bank have again dragged the bank before National Industrial Court of Nigeria (NICN), Lagos. The staff are seeking an order of interlocutory injunction restraining UBA Plc […]


Ecobank Board: Shareholders Elect Okonedo To Replace Arunma Oteh  

  …Showers Encomium On Ikazoboh   Shareholders of Ecobank Transnational Incorporated (ETI) have elected Prof. Enase Okonedo and Mr Simon Dornoo respectively as board members of the bank. A statement issued by the bank’s Group Head Communication, Adenike Laoye, stated that the election took place at the Bank’s 32nd Annual General Meeting (AGM), held in […]


NBC Orders MultiChoice To Suspend New Tariffs

      As subscribers continue to groan over the new tariffs introduced by MultiChoice for different bouquets on its Digital Satellite Television (DSTV), the Acting Director General of Nigerian Broadcasting Commission (NBC), Mr. Armstrong Idachaba, has ordered the management of the organisation to suspend the implementation of its new hike This is just as […]


SEC Disowns Activities Of iBSmartify Nigeria

  …Says Entity, Its Illegal Products Not Registered Or Regulated By The Commission …Lists 13 Entities Promoting Ponzi, Other Fraudulent Schemes     The Securities and Exchange Commission (SEC),Nigeria has disclaimed the activities of iBSmartify Nigeria  and that  both the organisation and  the illegal products they offer are not registered or regulated by the Commission. […]


Ikeja Electric PLC To Implement New Tariff July 1

  Ikeja Electric PLC today stated that it would begin the implementation of the new tariff July 1 . This is just as the organization stated that the implementation of new tariff was subject to the approval of the regulator but that it is necessary for performance improvement expected by customers. The intention to implement […]


Post COVID-19 : IAP Boss Urges FG To  Give Zero Interest Loans To  SMEs

      The Executive Director, Independent Advocacy Project (IAP) and Media Chair, OneVoice Coalition, Lagos Nigeria, Pastor Adedeji Adeleye has said that the Federal Government   must give soft loans to the poor and also allow  Small and Medium Enterprises (SMEs)  access zero  interest  funds from the Central Bank of Nigeria  to revamp the Nigerian […]


(BREAKING)15 Former African Presidents Sign Letter Backing AfDB Boss, Adesina

  Former 15 African Presidents have released a jointly signed press statement titled, “Concerned African Leaders” signed today backing the President of the African Development Bank (AfDB), Dr. Akinwumi Adesina. In the letter the 15 past Presidents contended that Adesina has been doing a remarkable job in steering the organization and that the Bank under […]