Two of Nigeria’s financial institutions, Heritage and Diamond banks are set to acquire Enterprise Bank, Aproko247 can report. Heritage bank is one of the fastest-growing banks in the country and as a way of expanding its operations and giving its services to more Nigerians, the financial institution is set to add Enterprise bank into its…
An employee of Union Bank, Akpojiyouwi Grace, has been remanded in prison by a Lagos High Court sitting in Ikeja over her role in a mega N450 million fraud. The accused was brought before Justice Babatunde Lawal-Akapo by the Economic and Financial Crimes Commission, EFCC, on Tuesday February 11, 2014 on one count charge bordering…
Union Bank, on Monday, sacked another 137 staff in continuation of the ongoing downsizing of its workforce as a result of the current reform in the banking sector. The affected staff were disengaged, following decision on outstanding disciplinary cases, while some were sanctioned for various acts of misdemeanour. Meanwhile, the bank has recruited another 150…
Banks are known for trust, honesty and confidentiality, which is why customers entrust funds to them. But when the safety of depositors’ money and financial details is in doubt due to the custodian’s unprofessional and fraudulent practices, customers loose funds unceremoniously. One financial institution that has proven to be a safe haven for fraudulent officials…
One of the old generation banks in Nigeria, Wema Bank, is presently in a mess and the reason is not far-fetched. Workers of the bank at Iponri, Lagos branch are still finding it difficult to understand how the sum of N6.5 million belonging to the Lagos State government suddenly developed wings and flew away from…
There employees of First Bank of Nigeria, FBN, have been arraigned before Chief Magistrate A Awogboro over the theft of N6.5 million from a customer’s account. Some people have regarded First Bank of Nigeria Plc as bank that breeds fraudsters. The three First Bank staffers were arraigned on Monday, January 27, 2014 on a 12-count…
**Staffers In Robbery, Fraud Scandals One of the biggest headaches in the banking sector in Nigeria is tackling frauds. While some banks are already winning the war against external frauds, few banks like Diamond Bank, is still battling with its internal frauds. If the bank cannot win the battle against its internal fraud, what becomes…
**Female Staff Drags Him To Court The National Industrial Court has awarded the sum of N39.6 million in favour of a former Enterprise Marketing Manager of Microsoft Nigeria Limited, Mrs Ejieke Maduka, who was sacked after she complained she was $exually harassed by her immediate boss. In a judgment delivered by Justice O Obaseki-Osaghae, the…
The Chairman, Ports and Terminal Multiservices Limited, PTML, Chapter of the National Association of Government Approved Freight Forwarders, NAGAFF, Cosmos Ndimkora, has reportedly been kidnapped. It was gathered by Aproko247 that Ndimkora was abducted by some unknown gunmen around Umudede in Delta State. He was reportedly seized at gunpoint last week Thursday on his way…
A group called Delateur Foundation has written a petition against DSTV Nigeria for allegedly defrauding Nigerians through its bad services. The group, in a letter dated Monday, January 13, 2014, signed by its Chairman, ‘Yemi Adeyemi-Enilari, and addressed to President Goodluck Jonathan, lamented the way the pay TV outfit has allegedly been robbing Nigerians.…