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Category Archives: Business

Skye Bank Hands over 5staff toEfcc for fraud

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 »

EFCC Arraigns Three for Defrauding Diamond Bank of N100m

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 »

Seun Ogunbambo has fled to Canada Efcc

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 »

American Consul General, Otudeko, Dangote, others to attend Oyo economic summit

  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 »

Anambra seals Ecobank for owning state Taxes

  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 »

Access Bank Grows Deposit to N1.33 Trillion for 2013

    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 »

EHINGBETI 2014: FASHOLA UNDERSCORES BENEFITS OF LASG’S POWER INITIATIVES, PREVIOUS EDITIONS OF BIENNIAL CONFERENCE

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 »

Sanusi LIED,WE TOOK HIS dIPLOMATIC PASSPORT NOT INTERNATIONAL PASSPORT

Fresh facts have emerged on the running battle between the embattled suspended Governor of the Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi, and the federal government over the alleged harassment, arrest and confiscation of Sanusi’s passport by operatives of the Department for State Security (DSS) at the Murtala Muhammed International Airport in Lagos. In a fundamental human right enforcement ... Read More »