Management of Heritage Bank has announced that the recently completed Peninsula Independent Power Project (PIPP) financed by the Bank will be commissioned in March this year. The project is in fulfillment of the bank’s commitment in the provision of a strong backbone for capital intensive projects in the state. It is also a reaffirmation of its growing stature as an ... Read More »
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 »
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 »
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 »
Aminu Babangida the 37yr old son of Nigeria’s former military head of state General Ibrahim Babangida is one of the many silver spoon kids representing their family interests in Unity Bank. He has been on the Board of Unity Bank since 2011 when he was just 35yrs old. Aminu boasts of a fat educational background,a product of Regent Business School,London ... Read More »
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 »
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 »
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 »
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 »
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 »
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