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Category Archives: Business

Femi Otedola Replies House of Reps

Recall that the house had earlier cleared Zenon oil in their subsidy probe report but made a u-turn last Friday to re-list the company as one of the companies that obtained forex but failed to import fuel. During the session, the House sacked the chairman of the Ad Hoc committee of the subsidy probe, Farouk Lawan over allegation of $3 ... Read More »

Court Says Sanusi Cant Give Banking Licence

A Federal High Court in Abuja, yesterday, held that the Central Bank, CBN, Governor, Sanusi Lamido Sanusi, lacked the constitutional powers to issue license for the operation of a non interest bank under the Islamic commercial jurisprudence. Delivering judgment in a suit that was filed by a lawyer, Mr Godwin Sunday, challenging the institutionalization of the Islamic banking system in ... Read More »

ACCESS BANK MD BUYS INTERCONTINENTAL BANK PROPERTIES CHEAPLY

It is no longer news that Access bank led by Aig Imokunde has successfully acquired Intercontinetal Bank few months back and successfully taken over the banks Liabilities and assets despite the fact that the formerĀ  Vice chairman and Managing Director Dr Erastus Akingbola is fighting tooth and nail in different courts to get the bank back. The Gist we have ... Read More »