Business

Breaking: Ecobank comes under attacks! Bank indicted of security fraud, shady transactions, records falsifying, other irregularities Incorporated as a public limited liability company on October 7, 1986, Ecobank Nigeria Plc is a key subsidiary of the independent banking group, Ecobank Transnational Incorporated (ETI)headquartered in Lome, Togo, with operations in 36 countries across the African continent. The operations of Ecobank Nigeria are supervised ...

…CSO Arraigned For Bribery. A Wema Bank Chief Security Officer (CSO), Ojo Oladipupo; 56 was on Wednesday arraigned at the Ogba Magistrates’ Court for alleged attempt to bribe a police officer. Oladipupo was arraigned on a two count charge bordering on his attempt to bribe ASP Jonathan Egwemi who is investigating a fraud case involving N1.7b at Wema bank. “That ...

The Economic and Financial Crimes Commission, EFCC, has grilled Abubakar Suleiman, the chief executive officer of Sterling Bank Plc and two other top officials of the lender over the controversial ‘hidden’ N20 billion said to allegedly belong to the Kogi State government. Recall it was reported that the federal anti-graft agency, in August 2021, said that it had credible intelligence ...

Employees of Keystone Bank Limited, through its ‘Employee Volunteering Scheme (EVS)’ recently sponsored the payment for a session’s school fees, West African Examination Council (WAEC) examination and Basic Education Certificate Examination (BECE) fees of over 200 students in Imo and Abia States.   The schools which benefited from the gesture include Oforola Community Secondary School, Owerri-West, Imo State; Community Secondary ...

The management of Zenith Carex is currently running from pillar to post to ensure it comes out clean in the investigation launched by the Economic and Financial Crimes Commission (EFCC) into a report of an alleged $3 million fraud.   The Office of the Inspector General had raised the $3million fraud allegation in the latest report issued on March 9. ...

The Central Bank of Nigeria has announced that it would stop the sale of foreign exchange to banks by the end of the year.   Newsmaxng reports that the CBN Governor, Godwin Emefiele made the announcement at a briefing during the launch of the apex bank’s new forex repatriation scheme, RT200, held after the Banker’s Committee meeting on Thursday February 10, ...

It has been more than 6 months since the appointment of Mariam Olusanya as the substantive Managing Director of the Guaranty Trust Bank Limited (GTBank), and she has not been active in the visibility aspect of her job.   This has been raising so many questions, while some are of the belief it because she’s not competent some are of ...

Wema Bank, one of Nigeria’s troubled lenders is battling heavy liquidity crisis despite distraction with the Davido ambassadorship curve. Wema Bank may have a serious challenge withstanding the shocks Nigeria’s fragile economy might throw up as it is currently struggling with a liquidity squeeze.   Exclusively reports that the third-quarter financial result of the bank showed that Wema Bank’s liquidity ...

  In a bid to recover alleged debt of N8,701,770,328.83 Ecobank Nigeria limited has dragged a Lagos businessman, Mr. Victor Osibodu and his company Vigeo limited before a Federal High Court, in Lagos, South West Nigeria.   In today’s proceedings, Ecobank’s counsel, Mr. Dapo Akinosun SAN, leading Barrister Akintayo Iwilade and four other counsels informed the presiding judge, Justice Yellin ...

Adelola Adetomi, an entrepreneur based in Lagos, could not believe her eyes on November 29, 2021, when she received debit notifications of N103,000 and N900 from Guaranty Trust Bank. She learned Sporty Internet was the recipient. Adetomi said she called GTB customer care immediately, and the call representative admitted it was a fraudulent transaction. “She said she could see I ...