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Operatives of the Economic and Financial Crimes Commission (EFCC) have stormed the Lagos University Teaching Hospital (LUTH) to place on surveillance the Chairman of Bi-Courtney, Mr. Wale Babalakin, who is suspected to be feigning illness to avoid trial. Mr. Babalakin is hiding in one of the amenity wards in the hospital. Along with four others, he is wanted to stand ... Read More »

The trial of Dr. Wale Babalakin and four others by the Economic and Financial Crimes Commission (EFCC) over an alleged N4.7 billion fraud could not proceed today as the court was told that Babalakin is on admission at the Lagos State University Teaching Hospital. The EFCC had filed a 27 count charge against Dr. Wale Babalakin (SAN), Alex Okoh, Stabilini ... Read More »

The 53-year old former employee of defunct Hallmark Bank Plc., Olubiyi Odunaro who went on hunger strike to protest the non-payment of his terminal benefits, has suspended the strike which lasted for 14 days.This couldn’t have been possible without the spirited efforts of a representation from the Lagos State Governor, Babatunde Fashola, and officials from the Lagos office of the ... Read More »

South Africa’s second-biggest financial company, FirstRand, has obtained a license to run a merchant bank in Nigeria, sub-Saharan Africa’s second-biggest economy. According to Ugochukwu Okoroafor, a spokesman for the Central Bank of Nigeria “The bank was granted a license after it met the 15 billion naira ($95.2 million) minimum capital requirement and other conditions.” FirstRand is expected to commence business ... Read More »

Why did Oti Ikomi, former Managing Director at Keystone Bank, and the one with a velvet banking resume and experience, fire what appears to be a disturbing internal memo to staff at about the close of business on Thursday, October 11? After just 13 months in office, and two months after he painted a rosy vision of the future he ... Read More »

we got this email and we think it is worth reading,pls do tell us what you think The story of Bi-Courtney on Lagos/Ibadan Expressway is the story of how not to do business. Bi-Courtney is not the best qualified to handle the concession of the 120km road but Wale Babalakin used his political connection and closeness to the then President ... Read More »

Olubiyi Odunaro, a 53-year-old former employee of Hallmark Bank Plc., has embarked on hunger strike to protest against non-payment of his terminal benefit. Besides, the ex-banker has turned a garden on Mobolaji Bank-Anthony Way into his new home, vowing to remain there until he is paid his benefits. Hallmark Bank was one of the banks which did not meet the ... Read More »

Fear and uncertainty rules the waves in Diamond bank now as 7 of their middle range Manager tested to Aids in a random health test carried out after a Management retreat done few weeks back,Naijahottestgist investigations reveal that the Affected staff have been informed and that the management were at a crossroad what to do. naijahottestgist findings reveal since the ... Read More »

Access Bank, one of Nigeria’s biggest financial institutions, is sick and dying, according to an insider who is in the know about the bank’s financial health. “Access Bank has been permanently borrowing from the interbank window and is only surviving at the instance of The Presidency, to which the GMD (Group Managing Director) is very close,” said a senior official ... Read More »

UNLESS members of the Economic Team of the Federal Government go back to the drawing board, the price of a bag of rice may soon go up. It was learnt, at the weekend, that a bag of rice may be sold for as high as N20,000 in some parts of the country. It is being sold for between N8,000 and ... Read More »