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Tunde Ayeni

Court adjourns ex-Skye Bank chief’s alleged N25 billion fraud trial to July 2

Justice Ijeoma Ojukwu of a Federal High Court, Abuja, has adjourned the trial of a former Chairman, Board of Directors, Skye Bank Plc (now Polaris Bank), Tunde Ayeni, to July 2, 2019.
Tunde Ayeni

EFCC re-arraigns Skye Bank chairman, managing director over alleged N8 billion fraud

The Economic and Financial Crimes Commission, EFCC, has re-arraigned a former Chairman, Board of Directors, Skye Bank Plc (now Polaris Bank), Tunde Ayeni, and the former Managing Director, MD of the Bank, Timothy Ajani Oguntayo, before Justice Ijeoma Ojukwu, of a Federal High Court, Abuja, on an eight-count charge bordering on money laundering to the tune of N8 billion.
A lawyer walks through the compound at the Federal High Court in Ikoyi district in Lagos, Nigeria, May 8, 2018. REUTERS/Akintunde Akinleye

No debit order: Court fixes October 16 for Patience Jonathan’s suit

A Federal High Court in Lagos has fixed October 16 for hearing in a suit filed by former First Lady, Patience Jonathan, challenging a “No Debit Order” placed on her accounts.
Vice President Yemi Osinbajo

Business giants in trouble over N5 trillion AMCON debts

Institutions and individuals on Asset Management Corporation of Nigeria’s (AMCON’s) debtors’ list are to be blacklisted. They will no longer be allowed to do business with the government henceforth, it was learnt at the weekend.
FirstNation Airways CEO, Kayode Odukoya

Witness: First Nation chief provided forged document for N1.7 billion loan

The witness said that the loans were granted to Odukoya because his application inferred some urgency for the funds to run the operations of First Nation Airway and Bellview Airlines.

Court attaches Imo’s accounts in central bank, 16 other banks over N1.5 billion debt

A High Court of the Federal Capital Territory (FCT), Abuja has ordered the attachment of funds in accounts owned by the Imo State Government in the Central Bank of Nigeria (CBN) and 16 other banks in the country.

Banks partner Mojec on prepaid meters

Mojec Meter Assets Management Company, a subsidiary of Mojec International Limited, has announced a partnership with some banks to provide retail financing for the rollout of prepaid meters to its customers within the coverage area of its partner distribution companies (DISCOs) across the country.

New judge to hear Patience Jonathan’s suit against EFCC

A new judge, Justice Chukwujekwu Aneke of the Federal High Court in Lagos, has taken over a suit filed by former first lady Dame Patience Jonathan challenging a “no-debit-order” placed on her account by the Economic and Financial Crimes Commission (EFCC).
A lawyer walks through the compound at the Federal High Court in Ikoyi district in Lagos, Nigeria, May 8, 2018. REUTERS/Akintunde Akinleye

No debit order: Court fixes date for further hearing of suit filed by Patience...

A Federal High Court Lagos on Wednesday, fixed May 22, for further mention of a suit filed by former First Lad, Dame Patience Jonathan, challenging a “No Debit Order” placed on her accounts.
Tunde Ayeni

EFCC: Tunde Ayeni took N17.4bn cash from Skye Bank in one year

The Economic and Financial Crimes Commission, EFCC, says a former Chairman of the defunct Skye Bank Plc (now Polaris Bank), Tunde Ayeni, took N17.4bn raw cash from the suspense account of the bank between January 1 and December 31, 2014.
Nigeria Police

Police confirm death of officer shot during bank robbery in Osun

The Police Command in Osun on Friday confirmed the death of one of its officers, an Inspector, during an attack on a commercial bank by gunmen in Ila-Orangun.

Police officer, two others shot in Osun bank robbery

On Thursday evening, armed bandits attacked the only commercial bank in Ila Orangun town of Osun State, Polaris Bank, shooting a police officer and two civilians.
Polaris Bank

AMCON seeks investors for Polaris Bank

The Asset Management Corporation of Nigeria (AMCON) is to seek new investors to take over Polaris Bank Limited after elections next month, adding that it is taking stock of the bank’s assets ahead of a sale.
The Economic and Financial Crimes Commission (EFCC) says an investigation is ongoing on the seized $2.8 million at Akanu Ibiam International Airport, Enugu.

EFCC arraigns five for alleged N466 million bank fraud

The Economic and Financial Crimes Commission, EFCC, Kaduna Zonal Office on January 16, 2019 arraigned Bashir Abdullahi Mohammed, Oche Ogenyi, Adefila Taofile Kayode, Rabiu Aliko Lawal and Mmadu Mathew before justice Mohammed Tukur of a Kaduna State High Court, on a two-count charge bordering on conspiracy and stealing to the tune of N466, 000, 000.
Nwankwo Kanu

Vandals cart away Nwankwo Kanu’s medals

Former Nigeria international, Nwankwo Kanu, cut a pitiable sight in Lagos on Monday as he revealed how suspected vandals invaded his The Hardley Apartments situated along Waziri Ibrahim Crescent on Victoria Island, making away with his football medals, trophies, plaques and other valuable items.
Professor Biodun Ogunyemi

Strike: ASUU rejects federal government offers

The striking Academic Staff Union of Universities (ASUU) has rejected the offers made to it early this week by the federal government.
Professor Biodun Ogunyemi

Strike: ASUU yet to reach agreement with federal government

A fresh insight into the negotiation between the federal government and university teachers indicates there is still a long way before an agreement between the two parties on their dispute.

Money laundering: Court admits ex-Skye Bank chairman, MD to N50 million bail each

A Federal High Court in Abuja on Monday, admitted Tunde Ayeni, former Chairman of the defunct Skye Bank Plc, now Polaris Bank and a former Managing Director of the bank, Timothy Oguntayo, to bail in the sum of N50 million each.

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