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Stanbic IBTC Bank
The Abuja Division of the Federal High Court, on Tuesday, discharged and acquitted the former Chief of Air Staff, Air Marshal Mohammed Umar Dikko, on six out of the seven-count money laundering charge the Economic and Financial Crimes Commission, EFCC, preferred against him.
ANOH Gas Processing Company Limited (AGPC), a gas processing company established by the Nigerian Gas Company (NGC) and Seplat Petroleum Development Company Plc (Seplat) on a 50-50 basis has successfully raised $260million in debt to fund the completion of the AGPC Gas Processing Plant. The financing was more than 50percent oversubscribed.
The management of Stanbic IBTC Bank PLC (“the Bank”) has reacted to a publication by various online media, which purports to indicate that Ascon Oil Limited (“Ascon”) ‘retook possession’ of a property along Lekki Admiralty Way, pursuant to an alleged Court Order issued in their favour.
As the Global Standing Instruction (GSI) policy of the Central Bank of Nigeria (CBN) came into force at the weekend, many commercial banks have notified customers of their readiness to seize debtors’ funds across financial sector.
Nigerian banks plan to reduce the amount customers can spend abroad using debit cards on Monday, two lenders said, as banks try to limit foreign currency settlement risk.
Mrs Jane Asuquo, an Independent Corrupt Practices and Other Related Offences Commission (ICPC)’s witness, on Wednesday, told a Federal High Court, Abuja, that Haruna Momoh, former Managing Director, Pipelines and Products Marketing Company (PPMC), used his wife, Ochuko, to launder the agency’s 700 million dollars.
Aigboje Aig-Imoukhuede, in collaboration with the Private Sector Health Alliance of Nigeria (PSHAN) have unveiled a new initiative geared towards significantly improving Nigeria’s healthcare system at the grassroots level.
The Spokesman of CBN, Isaac Okorafor in a statement said a special meeting of the Bankers’ Committee was convened on May 2, 2020, to further review the implications of the COVID-19 pandemic on the Nigerian banking industry.
Nigerian businesses need to prepare and brace themselves for a highly challenging period ahead as the coronavirus pandemic disrupts day-to-day life and commerce.
A prosecution witness, Howard Edafe, in the ongoing N8.5billion fraud case involving a former Joint Military Task Force Commander, Maj.-Gen. Emmanuel Atewe (retd.), on March 12, 2020 told Justice Ayokunle Faji of the Federal High Court sitting in Ikoyi, Lagos, how Atewe bought 30,000 units of shares from MTN Links for N170,350,000.00 (One Hundred and Seventy Million, Three Hundred and Fifty Thousand Naira) between 2014 and 2015.
The Ilorin Zonal Office of the Economic and Financial Crimes Commission (EFCC) on Wednesday 6th of November 2019 arraigned the General Manager of Kwara State Television Authority, Alhaji Abdulfatai Adewale Adebowale on a six count charge bordering on practices.
Following the increasing number of xenophobic attacks against Nigerians in South Africa, the National Association of Nigerian Students, NANS, has ordered that all South Africans and their companies operating in Nigeria to shut down within seven days and move out of the country.
The Federal Government has opened talks with three banks in Nigeria to facilitate the establishment of single-digit interest loans for buyers of new vehicles being assembled in Nigeria.
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.
The ongoing trial of former Chief of Air Staff, Air Vice Marshal Mohammed Umar Dikko, before Justice Nnamdi Dimgba of the Federal High Court, Maitama, Abuja, for offences bordering on alleged money laundering and procurement fraud to the tune of N9.7 billion resumed yesterday with the examination of the prosecution’s ninth witness.
Stakeholders in Rivers State on Tuesday has called on the National Judicial Commission (NJC) to ensure justice is meted out to perpetrators of violence during and after the 2019 general elections.
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.
In a move aimed at offering Nigerian and Chinese clients a business-to-business networking and personal advisory service and also help them to access and unlock opportunities in Nigeria-China trade, Stanbic IBTC Bank Plc has commissioned an Africa-China Banking Centre (ACBC) in Lagos.
Telecoms firm MTN says it is holding talks with Nigerian officials to find a “mutually acceptable solution” to a dispute over the alleged transfer of 8.1 billion dollars.
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After Bill and Melinda Gates’ divorce documents revealed the couple never had a prenup, many are wondering how the couple, with a combined net worth of $130 billion, will split their assets.
The Middle Belt Forum has described as sad the threat by bandits to kill the students they abducted from Greenfield University, Kaduna.
Ahead of the forthcoming local government election in Lagos State, a group, United Foundation for Survival and Sustainability, has cautioned the Lagos State Independent Electoral Commission (LASIEC), against conducting the poll in 37 Local Council Development Areas (LCDAs).
United’s Premier League fixture with Liverpool was postponed on safety grounds following protests from the Red Devils’ supporters, with around 100 fans entering the stadium and invading the pitch in a demonstration against the club’s controversial ownership.
Romelu Lukaku has claimed that he would "fight to the death" for Antonio Conte while hailing the Inter boss following the team's 2020-21 Scudetto triumph.
As the nation battles the spike in poverty rate, the Presidential Economic Advisory Council (PEAC) has disclosed that $1.6 trillion was needed to effectively tackle the scourge in Nigeria within a period of 10 years as it expressed optimism in the ability of the federal government to achieve poverty reduction within the specified time frame.
Former General Secretary of Afenifere Ayo Opadokun has called on all serious-minded political groups in Yorubaland to bury their differences, make room for reconciliation and close ranks to be able to confront the many challenges the country currently faces.
Governor Seyi Makinde of Oyo State has inaugurated Africa’s first agricultural electronic centre, an innovation provided by Farm Konnect Agribusiness Nigeria Plc in Ibadan.
The organizers of the Grammys said Friday they were scrapping the “secret” committees that select which acts get nominated for the prestigious music awards following criticism from artists and allegations of rigging.
Less than 48 hours after the Chief of Army Staff (COAS), Lt. Gen. Ibrahim Attahiru, renamed Operation ‘Lafiya Dole’ (OLD) to Operation ‘Hadin Kai’ for mobilizing critical stakeholders’ in the fight against Boko Haram terrorists, residents have started providing useful information to the military in their communities.