Justice Mohammed Idris of the Federal High Court in Lagos has barred MTN Nigeria Communications Limited from moving any of its funds from all commercial banks in Nigeria abroad pending hearing of its suit challenging the N1.4trillion fine imposed on it by the Nigerian Communication Commission, NCC. The Federal Government, through the NCC, initially imposed…
Pan-African financial services group, United Bank for Africa Plc had an excellent showing at the maiden edition of Nigeria CFO awards when its Group Chief Financial Officer (GCFO) and the Finance Team emerged as double winners at the awards night held on October 2, 2015 at Four Points Sheraton Hotel and Towers, Lagos. UBA CFO,…
In recognition of their contribution towards the infrastructural upliftment of Unity schools and general development of education across the country, the Managing Director of Heritage Bank, Ifie Sekibo and a host of other distinguished Nigerians have been honoured by the Alumni Association of the Federal Government Girls College, Benin City at a special event in…
One of the big financial institutions in Nigeria has been fingered in a multi-million Dollar fraud, which some forces have been accused of trying to sweep under the carpet. The bank, First Bank, has been accused of being involved in a fund amounting to over $76 million supposedly kept with the Central Bank of Nigeria…
A man who specialises in the sale of building materials at the Eket Market in Akwa Ibom State has emerged winner in the Diamond Bank Plc Salary4Life. The lucky winner, Duru Chukwuebuka Francis, won the star prize of ‘Salary4Life’ at the just concluded DiamondXtra Season 7/DiamondWoman Special Draws organized by Diamond Bank Plc at its…
The singular most attention-grabbing event in the nation’s banking sector in 2014 came in the last quarter of the year. The announcement by the Assets Management Corporation of Nigeria (AMCON) of the fledgling Heritage Bank as the winner of the bid for the acquisition of Enterprise Bank jolted the entire banking industry, as it re-drew…
Erastus Akingbola This is not the best of time for former Intercontinental Bank boss, Erastus Akingbola, as he lost more of his properties to pay up debts he has been battling with for some time now. Following the recovery action filed against Akingbola by the then Intercontinental Bank Plc in a London High Court for…