Court Orders Police to Effect Arrest, Remand of Fidelity Bank MD

A chief magistrate’s court in Ogba, Lagos, has on Monday sentenced Nneka Onyeali-Ikpe, Managing Director of Fidelity Bank, to six weeks in prison. The court, presided over by Magistrate Lateef Owolabi, extended the same sentence to Ezinwa Unuigboje, the bank’s secretary, after finding both guilty of disobeying a garnishee order of court restraining the bank…

Dangote, Sinoma Sign Agreement on New 6mta Cement Plant in Itori, Ogun State

Dangote Industries Limited (DIL) has signed an agreement with China Sinoma International Engineering to build a six million tons per annum cement plant in Itori, Ogun State. The agreement was signed by the Chairman of Dangote Cement Plc, Aliko Dangote alongside the Group Executive Director, Strategy, Capital Projects & Portfolio Development, DIL, Devakumar Edwin, while China Sinoma Engineering…

Guaranty Trust Bank UK reaches settlement with the FCA in connection with historical AML controls

Guaranty Trust Bank UK Limited (GTBank UK) has reached settlement with the FCA, accepting findings in relation to historical Anti-Money Laundering (AML) controls in its operations in the period October 2014 to July 2019. The Bank has cooperated fully with the FCA investigation and has agreed a penalty sum of GBP7,671,800, which has been calculated…

Praises For Okowa As Leisure Park Asaba Set To Kickstart Operations

Encomiums have been pouring in for Delta State Governor, Dr. Ifeanyi Okowa following the completion of Leisure Park Asaba. Leisure Park Asaba is another innovative addition to the long list of Okowa’s infrastructural development in Delta State. Located at Anwai road, Asaba, Delta State, Nigeria, the park is the latest addition to the tourism industry…

Dangote Refinery Awards Scholarship to 460 Students in Host Communities

As part of its Corporate Social Responsibility (CSR) programmes, Dangote Petroleum Refinery and Dangote Fertiliser Limited have awarded scholarships to 460 students of secondary schools and tertiary institutions from its host communities in Ibeju Lekki, Lagos State. The company said the scholarship had become an annual event meant to contribute to the educational development of…

Sanwo-Olu Launches LASWA Data Centre To Enhance Safety, Security On Waterways

Governor Babajide Sanwo-Olu, on Friday, commissioned the newly installed Waterways Monitoring and Data Management Centre (WMDMC) at the Five Cowrie Terminal – the headquarters of the Lagos State Waterways Authority (LASWA) in Falomo, Ikoyi. Commuters using the State’s water transport services are in for a fresh safety experience, with the activation of modern monitoring gadgets…

Wema Bank Brings Christmas Fun To Theatre Lovers With Duke of Shomolu’s Performances

Wema Bank, Nigeria’s most innovative bank, has thrown its weight behind the Duke of Shomolu (DOS) Production, one of the fastest-growing theatre franchises in Nigeria, in its four-stage plays slated for December 2022. According to Morolake Philip-Ladipo, the bank’s Acting Head of Marketing Communications and Investor Relations, “more than giving theatre lovers a special experience…