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Skye Bank

The assets of Ademola Seriki, a former Minister of State for Defence and one time Supervising Minister for Mines and Steel Development are to be taken over by Asset Management Corporation of Nigeria (AMCON).

Former minister’s assets taken over by AMCON over N1 billion debt

The assets of Ademola Seriki, a former Minister of State for Defence and one time Supervising Minister for Mines and Steel Development are to be taken over by Asset Management Corporation of Nigeria (AMCON).

NDIC to adopt cost-effective bank failure resolution method

The Nigeria Deposit Insurance Corporation (NDIC) has assured depositors of its drive to adopt cost effective method of bank failure resolution to protect depositors.

SEC urges shareholders of defunct Afribank Plc to claim dividends

The Securities and Exchange Commission (SEC) has asked shareholders of the defunct Afribank Plc to claim their dividends.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

SEC urges defunct Afribank shareholders to claim dividends

The Securities and Exchange Commission (SEC) on Monday asked shareholders of the defunct Afribank Plc to claim their dividends.
Nigerian Stock Exchange NSE

NSE delists Skye Bank, Fortis MfB

The Nigerian Stock Exchange has delisted the shares of defunct Skye Bank Plc and Fortis Microfinance Bank Plc from the daily official list of the Exchange.

MTN appoints ex-minister, ex-revenue chief, ex-NBA president as board members

Telecommunications firm, MTN, has notified the Nigeria Stock Exchange of a substantial change in its board structure. Pioneer board chair, Pascal Dozie, is stepping down along with five other directors.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

SEC reaffirms readiness to sensitise investors on e-dividend

The Securities and Exchange Commission, SEC, said that it will continue to collaborate with relevant stakeholders to sensitise investors on the need to regularise their multiple accounts as well as claim their dividends.
Mary Uduk

SEC urges defunct Skye bank investors to claim dividends

The Securities and Exchange Commission, SEC, has again reiterated its earlier directives to shareholders of defunct Skye bank to claim their dividend payment.
Tunde Ayeni

Former Skye Bank chief Tunde Ayeni’s trial resumes October

The trial of the former Chairman of Skye Bank Plc, Tunde Ayeni, over alleged N4.5billion fraud charge slammed against him by the Economic and Financial Crimes Commission, will resume 10 October.
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.
Lagos State High Court.

Malaysian remanded in prison for alleged €250 million fraud

A Special Offences Court in Lagos has remanded a Malaysian immigrant, Tan Richard, at the Ikoyi Prisons for an alleged €250 million fraud.
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.

Lawyer asks court to nullify central bank chief’s re-appointment

A whistle blower, George Uboh, has challenged the plan by the federal government to extend the appointment of the Governor of the Central Bank of Nigeria (CBN), Godwin Emiefele
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.
Fola Ojo

Kidnapping: The thing speaks for itself

Franklin Delano Roosevelt was the US President in tough times. The Great Depression and World War II were harrowing events that could have mowed Americans down to the rubble. But, the 32nd President successfully pulled the country to safety and succour. There is none in American history granted more frequent access to sit in the Oval Office as President Roosevelt.
FirstNation Airways CEO, Kayode Odukoya

EFCC stalls trial of First Nation boss accused of N1.7 billion theft

The Economic and Financial Crimes Commission (EFCC) on Wednesday, stalled the trial at Ikeja Special Offences Court of Mr Kayode Odukoya, Managing Director (MD) of First Nation Airline, accused of stealing N1.7 billion,

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Mikel Arteta promotes two Nigerian youngsters to Arsenal’s first team

Arsenal manager Mikel Arteta has brought two Nigerian youth defenders Tobi Omole and Tolaji Bola into first-team training amid an injury crisis.
The president of Al Ikhwaan Fillahi Muslim Society of Nigeria based in the South-South and South-East geo-political zones, Barr. Muhammed Ndoka Elunor, says that Igbo politicians are not yet ready to assume the Presidency in 2023.

Igbo not ready for 2023 presidency – Muslim leader

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Road accidents claim 31 lives in Ogun

The Traffic Compliance and Enforcement Corps (TRACE) in Ogun, said that no fewer than 31 persons died in various road accidents across the state during the Christmas and New year period.
Yoruba World Congress (YWC), an umbrella body of all Yoruba socio-cultural groups, has threatened to hold a peaceful protest in support of the recently launched Western Nigeria Security Network code-named Amotekun.

Yoruba group to hold protest in support of Amotekun

Yoruba World Congress (YWC), an umbrella body of all Yoruba socio-cultural groups, has threatened to hold a peaceful protest in support of the recently launched Western Nigeria Security Network code-named Amotekun.