Unity Bank

Nigeria’s anti-corruption agency, EFCC, on Thursday arraigned a banker, Adam Adam, before a State High Court in Yobe State over alleged theft of N11.7million.

The head office of Unity Bank on Victoria Island, Lagos State has been gutted by fire.

The Nigerian equities market resumed trading week on Monday with a loss of 0.74 per cent, following losses achieved by medium and large equities.

Oyo State Governor Seyi Makinde has wooed banks’ executives to assist the government in ensuring that looted funds are recovered.

Contrary to insinuations in some quarters, the Central Bank of Nigeria (CBN) new policy regime mandating banks to go after customers who default on the repayment of their loans by seizing their deposits in other accounts is backed by law.

The Central Bank of Nigeria (CBN) on Monday warned loan seekers and owners of small-scale businesses to beware of fraudulent loan offers purportedly by the Federal Government.

The Nigerian stock market took another round of pummelling following the weak state of the economy and as a result of the N157 billion shaved off from the market capitalisation of the Nigerian Stock Exchange (NSE) Week-on-Week (W-o-W).

The Nigerian Civil Aviation Authority (NCAA) on Tuesday said it will demolish 8,805 masts belonging to Globacom Nigeria Limited, banks and other financial institutions.

Unity Bank Plc on Tuesday faulted the allegation against it by the Special Presidential Investigation Panel for Recovery of Public Property (SPIPRPP) over the ongoing reconciliation of affected Ministries, Departments and Agencies’ (MDA) accounts.

The House of Representatives said it discovered that over $900m was still “being held” by Federal Government’s ministries, departments and agencies (MDAs) outside Treasury Single Account (TSA).

The Nigerian equities market yesterday shed 1.22 per cent, causing market capitalisation to dip below the N11 trillion mark on sustained profit taking.

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.

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.

An FCT High Court in Kubwa has fixed June 13, to hear contempt proceedings against the CBN Governor, Godwin Emefiele, to enable the applicant, Godwin Emmanuel, respond to a motion on notice served on him.

An FCT High Court, on Wednesday, granted an application seeking substituted service on CBN Governor, Godwin Emefiele, who is charged with alleged contempt in a case filed against him by one Godwin Emmanuel.

The Imo State chapter of the Peoples Democratic Party has accused Governor Rochas Okorocha of withdrawing N17bn from four banks in three days and converting government property to personal use.

The Nigerian Stock Exchange (NSE) market indices rebounded by 0.67 per cent on Tuesday after reacting to polls shift.

The Centre for Anti-Corruption and Open Leadership (CACOL) has thrown its weight behind the Economic and Financial Crimes Commission (EFCC) for ‘freezing’ a Unity Bank account allegedly containing N1.9 billion belonging to Hajiya Bola Shagaya, a society lady and businesswoman.