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Skye Bank Plc

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

Stock prices rise to two-month high

Following the inauguration and allocation of portfolios to federal cabinet members by President Muhammadu Buhari, the Nigerian Stock Exchange, NSE, yesterday, recorded its highest rally in two months. The benchmark index, All-Share Index, went up by 1.01 percent.
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.
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.
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.
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,

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).
Bank of Industry (BoI)

Bank of Industry decries N5.81 billion unpaid Omatek’s loan, seven years after

Omatek Ventures Plc’s indebtedness to the Bank of Industry has entered its seventh year as the bank claimed the company has not serviced the N5.81bn credit facility since 2012.
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.

Central bank eases capital pressure on struggling banks

Nigeria’s central bank has given the country’s lenders some much-needed relief by extending the time they will have to implement stricter accounting rules for bad loans.

EFCC presents more witnesses against ex-Governor Lamido

The Economic and Financial Crimes Commission (EFCC) on Wednesday presented four more witnesses in the ongoing trial of former Governor of Jigawa State, Sule Lamido, his two sons, Aminu and Mustapha, Aminu Wada Abubakar, Bamaina Holdings Ltd and Speeds International Ltd before Justice Ijeoma Ojukwu of the Federal High Court, Abuja.

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.

Supreme Court fixes date to decide on Patience Jonathan’s accounts

The Supreme Court has reserved judgment till March 8, 2019, in the appeal lodged by wife of former President Goodluck Jonathan, Patience, contesting the powers of the Economic and Financial Crimes Commission (EFCC) to size funds in bank accounts that were linked to her.

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Convicted Orji Kalu: 2023, here we come

Former Governor of Abia State, Dr Orji Uzor Kalu, who was sentenced to 12 years imprisonment, over N7.65billion fraud, by a Federal High Court sitting in Lagos, while being led out of the court by the Correctional Service officers on Thursday said ‘2023, here we come’.