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Delta State has taken the lead in the generation of renewable energy as Canada invests five billion United States dollars in Nigeria to produce 3,000 megawatts of electricity. The initiative of the State Government to key into the green economy programme of the global community paid off as the Federal Government Tuesday evening, signed the Foreign Investments Protection Agreement (FIPA) ... Read More »

Five persons have been arrested by the Economic and Financial Crimes Commission, EFCC, over allegation of fraudulent transfer of a total of N5, 550,000.00(Five Million, Five Hundred and Fifty Thousand Naira) from an account in Skye Bank. The suspects, Ademola Okunlola, 36; Tajudeen Oluwanisola, 41; Kolawole Adams, 52; Temitope Pedro, 27; Bayo Olowoyo, 39 and Otunba Biodun Adebanjo, 56, were ... Read More »

The Board of Directors of Skye Bank PLC has announced the appointment of Mr Timothy Oguntayo as GMD / CEO to succeed Mr.Kehinde Durosinmi-Etti who will retire from the Board on July 31, 2014 at the end of his current tenure. Mr.Durosinmi-Etti had notified the Board of his desire not to seek renewal of his 4 year tenure at the ... Read More »

Three persons who attempted to defraud Diamond Bank of N100million through an electronic device called grabber have been docked by the Economic and Financial Crimes Commission, EFCC.   Godwin Chukwuemeka Ojukwu, Evaristus Moses Oyemah and Kenneth Iweha were on Monday April 14 arraigned before Justice S.A Nmakanma of the High Court of Abia state, Umuahia, on a 2- count charge ... Read More »

The Economic and Financial Crimes Commission  on Thursday told a Lagos High Court that an accused person being prosecuted for separate fraud charges, including an alleged N979.6m fuel subsidy fraud, Oluwaseun Ogunbambo, had fled to Canada. The EFCC counsel,  Mr. Emmanuel Jackson, said this before Justice Adeniyi Onigbanjo while opposing an application by the accused seeking an order of stay ... Read More »

  The American Consul General in Nigeria, Jeffrey Hawkins, Chairman of Honeywell Group, Oba Otudeko and President, Dangote Group, Alhaji Aliko Dangote, are some of the participants expected at the Oyo State Economic Summit which hold on April 14 and 15, 2014 in Ibadan. In a release issued by the State Commissioner of Trade and Industries, Princes Oyefunke Oworu, these ... Read More »

  The Anambra State Government on Wednesday sealed two commercial banks in Awka for allegedly failing to settle land charges. The closure, carried out under the Anambra Property and Land Use Charge, followed a recent court order. Addressing newsmen after the closure, the Head of Human Resources and Administration/Media in the organisation, Mrs Chinenye Okafor, said the banks and some ... Read More »

The Court of Appeal, Benin City, today ( April 9, 2014) upheld the appeal of the Economic and Financial Crimes Commission as it ruled that a former governor of Edo State, Lucky Igbinedion has a case to answer over allegations of financial improprieties.   In a unanimous decision, the panel of three justices led by Justice Helen M. Ogunwunmiju ruled ... Read More »

    One of Africa’s largest banking groups, Access Bank Plc, has announced its audited result for the financial year ended December, 2013. An analysis of the results released on the floor of the Nigerian Stock Exchange today validated the Bank’s capacity for sustainable growth.  The results showed an increase in the Bank’s deposit base from N1.201 trillion N1.33 trillion, ... Read More »

The Seventh edition of the biennial Lagos Economic Summit (EHINGBETI 2014) opened on Tuesday with the Governor, Mr Babatunde Fashola (SAN) reiterating that the State Government has shown by unflinching commitment and unquestionable hard work that it means what it says and that the Summits are not mere talk shops.   Governor Fashola who spoke at the Eko Hotels and ... Read More »