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Unity Bank

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 banker for ‘multi-million naira fraud’

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.

Fire engulfs Unity Bank’s head office in Lagos

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

Nigerian equities market down 0.74 per cent

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.
Seyi Makinde

I will recover looted funds – Oyo governor

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

Experts: Central bank deposit forfeiture order is legal

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.

Central bank alerts on fraudulent loan schemes

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.
Nigerian Stock Exchange NSE

Nigerian stocks slump further

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).
Telecommunications operators have blasted the Nigerian Civil Aviation Authority (NCAA) over its threat to demolish about 7000 mast, largely owned by Global System for Mobile communication (GSM) service providers in the country.

NCAA begins 8,805 telecom masts demolition

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 refutes SPIPRPP’s N7 billion allegation

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.

Reps: Over $900 million found in secret non-TSA 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).
Nigerian Stock Exchange NSE

Equities market sheds 1.22 percent on sustained profit taking

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

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.

Court to hear contempt proceedings against central bank chief Godwin Emefiele on June 13

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.

Contempt: Court orders substituted service on CBN governor

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.

PDP: Governor Okorocha withdrew N17 billion from banks in three days

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.
Nigerian Stock Exchange NSE

NSE All-Share Index rebounds by 0.67 per cent

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

CACOL backs EFCC on ‘no debit’ order placed on Bola Shagaya’s bank account

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.

Recent Stories

Nigeria Police

Police arrest four cultists ‘on wanted list’

Four members of dreaded Eiye cult group who have been on the wanted list of Lagos State Police Command for their participation in various activities that claimed lives of many innocent people have been arrested by men of Ogun State Police Command.
Football fans have hailed the performance of Joe Aribo in Nigeria’s 1-1 draw against Brazil in Sunday’s international friendly in Singapore.

Joe Aribo thrilled to continue scoring streak for Super Eagles

Joe Aribo is elated to score on his second appearance for the Super Eagles following his sublime finish in the side’s 1-1 draw against Brazil on Sunday.
Nigeria Police

Three men drown while fleeing police arrest

It was gathered that the deceased and seven other of their friends were at the seaside around 1am when policemen alleged to be men of the defunct Federal Special Anti-Robbery Squad (FSARS) stormed the place.

Truck kills woman on commercial motorcycle in Ogun

The Federal Road Safety Corps (FRSC), on Sunday, confirmed the killing of a woman in an accident on Toll Gate-Sango Ota in Ogun.

Lagos unfolds strategies to sanitise meat value chain

Sequel to the new reforms that the State Government has adopted to sanitize the red meat value chain in the State, the State Government has unfolded what it termed the immediate, intermediate and long term strategies for immediate implementation in the State.