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Category Archives: Business

Lagos court clears Bi-Courtney boss of N4.7bn fraud

The Chairman of Bi-Courtney Limited, Wale Babalakin, has been cleared of fraud charges by a Lagos High Court. Babalakin, who was alleged to have committed fraud to the tune of N4.7 billion, was discharged on Monday, February 23. The case against Babalakin and co-defendants, Alex Okoh, Stabilini Vision Limited, Bi-Courtney Limited and Renix Nigeria Limited, was dismissed by Justice Lateef ... Read More »

Amb Patrick Cole to chair Promasidor Quill Awards panel

Promasidor Nigeria Limited, makers of Cowbell, Onga, Toptea and Loya and organisers of the prestigious Promasidor Quill awards today announced the returning of Ambassador Patrick Dele Cole (OFR) as Chairman of the Panel of Judges for the 2015 edition of the coveted journalism awards. A former Ambassador of Nigeria to Brazil, Amb. Cole was the former Managing Director of Daily ... Read More »

Diamond Bank Replies Hon Igbe says we are not providing Alex otti with Policemen

Re: An Open Letter (Advertorial) to the Chairman/Managing Director of Diamond Bank Plc Our attention has been drawn to an Open Letter Advertorial signed by one Hon. Osita Igbe, Director of Media and Publicity, Okezuo Abia Campaign Organisation, addressed to the Chairman/Managing Director of Diamond Bank Plc, entitled “Reckless Conduct of Alex Otti”. The advertorial which was published on page ... Read More »

Efcc Arrests Lagos Bigboy Samuel Joseph for duping Banks 3.8b

A Lagos businessman who allegedly diverted N3.8billion loan secured from an old generation bank has been arrested by the Economic and Financial Crimes Commission, EFCC. Samuel Joseph Managing Director of Vegefresh Company Limited, Rhema Doormart West Africa Limited, and Plywood and Chemicals Accessories was picked up this morning by operatives of the Commission in Lagos. The suspect is alleged to ... Read More »

GLOBACOM TERMINATES OUTDOOR CONTRACT OVER GOODLUCK JONATHAN CAMPAIGN POSTERS

Leading telecoms firm, Globacom has terminated a multi-million naira outdoor advertising deal with a Lagos-based outdoor advertising firm Clearedge Limited due to imposition of campaign posters belonging to the ruling People’s Democratic Party (PDP) on street lamp poles paid for by Globacom. Clearedge, one of the leading outdoor firms based in Lagos, had secured the street lamp-poles on the 22 ... Read More »

Diamond Bank Top It staff steals 806m with Fraudsters

The Economic and Financial Crimes Commission, EFCC, on Wednesday, January 14, 2015 arrested three suspected internet fraudsters in Port Harcourt, Rivers State – Okpekereke Timothy, Stanley Odjighere, and Teminor Karo. The trio are part of a syndicate arrested over allegations of conspiracy, internet scam and stealing from one of the new generation banks to the tune of N806, 208,000.00 (Eight ... Read More »

Gtb wins Best Corporate Governance Africa bank

Guaranty Trust Bank Plc, has been awarded ‘Best Corporate Governance, Africa’, for the Financial services category by the Ethical Boardroom Magazine UK. The ‘Corporate Governance Award’ organized by Ethical Boardroom magazine recognizes outstanding companies who have exhibited exceptional leadership in the area of governance and professional ethics to ensure protection and long-term value for all their stakeholders. The award is ... Read More »

Access Bank opens office in China

As part of efforts geared towards becoming the world’s most respected African bank, Access Bank has recorded another milestone with the opening of its representative office in China. This development affirms the bank’s commitment to socio-economic development of the continent through expansion across the world and its resolve to redefine the financial services operations. The bank’s Group Managing Director, Herbert ... Read More »

Entries open for $100M Tony Elumelu Foundation Entrepreneurship Programme

The $100 Million Tony Elumelu Foundation Entrepreneurship Programme – an annual programme of training, funding and mentoring, designed to empower the next generation of African entrepreneurs – is now open for entries through its application portal http://www.tonyelumelufoundation.org/teep The flagship entrepreneurship programme from the Tony Elumelu Foundation (TEF) opened its application portal for entries at 12:01 a.m. WAT today, January 1, ... Read More »