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Business & Economy
REVEALED: Hadiza Bala Usman, NPA MD removed over N20bn fraud
Chidi Ogbuokiri
The Managing Director of the Nigerian Ports Authority, Hadiza Bala Usman, has been accused of corruption and abuse of office, in what could potentially be the latest scandal to rock the NPA.
Investigation shows how…
EXPOSED! Oba Otudeko’s non-performing N70bn loan tearing First Bank apart
About eleven years after he was retired as chairman of First Bank of Nigeria Ltd., echoes of Oba Otudeko’s controversial loan is still dragging the bank backward.
Otudeko, a billionaire philanthropist and chairman of multi-faceted…
Otudeko’s Honeywell Group speaks on controversial First Bank loan
The Honeywell Group has said that it is servicing loan facilities obtained from First Bank of Nigeria Limited and other financial institutions across the country.
The company in a statement on Sunday said like most companies, it…
EFCC arrests Access Bank staff for alleged ₦34m fraud
The Economic and Financial Crimes Commission (EFCC) has arrested a Lagos banker, Elizabeth Modupe Osunjuyigbe for an alleged fraudulent diversion of funds to the tune of over ₦34m
In a statement issued on Friday by EFCC spokesman,…
NNPC broke, states won’t pay workers’ salaries —Dino Melaye
…as subsidy gulps NNPC’s revenue
Chidi Ogbuokiri
A former senator representing Kogi West, Senator Dino Melaye has alerted Nigerians that the failure of the management of the Nigerian National Petroleum Corporation to remit to the…
First Bank of Nigeria crisis gets messier as CBN reverses new MD’s appointment
...Fingers board chair, Otudeko in crisis…Depositors' fund in danger
Chidi Ogbuokiri
The crisis that engulfed the First Bank of Nigeria Thursday evening got messier as Central Bank of Nigeria (CBN) announced the cancellation of…
ICT bailed Nigeria out of COVID-19 induced recession —Abdullahi
…NITDA has touched over 2.5m lives
Chidi Ogbuokiri
As the National Information Technology Development Agency (NITDA) celebrates its 20 years of service to the country, Director General of the agency, Kashifu Inuwa Abdullahi said…
First Bank of Nigeria in trouble over new MD
...CBN queries lender, says appointment not approved
Chidi Ogbuokiri
Recent appointment of Gbenga Shobo as the new managing director of FirstBank of Nigeria Limited has triggered controversy.
Mr. Shobo was announced Wednesday…
BREAKING: First Bank appoints Gbenga Shobo as MD/CEO designate, Abdullahi Ibrahim as DMD
The board of First Bank of Nigeria Limited on Wednesday, approved the appointment of Mr. Gbenga Shobo, currently Managing Deputy, as the Managing Director/CEO Designate of the bank. The lender has also appointed Mr. Abdullahi Ibrahim, as…
CBN Governor under pressure to sack MD Zenith Bank
Chidi Ogbuokiri
The last may not have been heard about the crisis rocking Zenith Bank Plc following the appointment of Ebenezer Nduka Onyeagwu as the bank’s Managing Director/Chief Executive Officer.
Fresh information reaching…