***Rolls Out More Rewards To Customers First City Monument Bank, FCMB, has extended its 30th anniversary promo as a way of making more customers enjoy its bounties. The Bank took this gesture due to the huge success the first phase of the promo recorded. The anniversary promo had ended on Wednesday, April 30, 2014, but…
Normally, a bank is meant to be the safest place for people to keep their hard-earned money, but when such institution is corrupt and fraudulent, it calls for concerns and it also means all is not well with the sweats of customers of such bank. Information getting to us indicates that one of the financial…
The Economic and Financial Crimes Commission, EFCC, has arrested five persons in connection with a N5.5 million fraud in Skye Bank. It was alleged that the suspects fraudulently transferred the said amount from the account of one of the bank’s customers to accounts operated by some of their alleged accomplices. The said crime was reportedly…
Founder of FCMB Group, Otunba Michael Olasubomi Balogun, CON, has been honoured by the Chartered Institute of Stockbrokers, CIS, in appreciation of his outstanding contributions to the stockbroking profession in Nigeria. The erudite entrepreneur was conferred with the Lifetime Achievement Award by the body at a ceremony which took place at the 2014 Annual Dinner…
Nigeria’s oldest financial institution, First Bank of Nigeria, FBN, has found itself in a N700 million court case. The respected bank was taken to court by the Copyright Society of Nigeria, COSON, on Tuesday over an alleged copyright infringement. In a suit No. FHC/CS/L/530/2014 filed before a Federal High Court in Lagos by counsel to…
Western countries have always seen the African continent as backward in every aspects. In the affairs of the world economy, the African continent does not have substantial representation, unlike the Asian continent, which has China and Japan. Despite the fact that some of these world players like China, the United States of America (USA) and…
One of Nigeria’s financial institutions, Ecobank Nigeria, has thrown its full weight behind the fight against oil pipeline vandalism in Nigeria, which has become a big headache to the Nigerian government and the security agencies in the country. The respected bank recently donated two Hilux vehicles to the Pipelines and Product Marketing Company, PPMC, in…
One of Nigeria’s financial institutions, Sterling Bank, is presently swimming in a troubled water. The bank has been accused of defrauding the son of former Head of State, Muhammadu Buhari, Muhammed, of the sum of N3.66 billion. According to a report by Global Village Extra, the younger Buhari was allegedly duped by Sterling Bank. Muhammed…
….. Witnesses Catalogue How He Stole Billions of Naira After what seems like a relief from his chains of legal battles home and abroad over allegations of fraudulent practices in his capacity as the Managing Director of the defunct Intercontinental Bank, Dr. Erastus Akingbola who was found guilty of stealing and diversion of billion of…
Men of the Nigeria Police Force have interrogated Chairman of Mainstream Bank, Mallam Falalu Bello, over his alleged involvement in a N2.6 billion fraud that occurred while he was the Managing Director of Unity Bank Plc. The banker was reportedly invited to Abuja on Wednesday for grilling by the Inspector General of Police Monitoring Unit…