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Browsing Category
Money and Capital market
Court compels appearance of Access Bank, 3 others for arraignment over alleged N1bn property theft
Maureen Aguta
Justice Ibironke Harrison of a Lagos State High Court, sitting at Tafawa Balewa Square, on Monday ordered Access Bank Plc, Balmoral International Limited, Roosevelt Ogbonna, and DDSS International Company…
How UBA officials diverted £138,924 from Int’l airlines’ accounts
Maureen Aguta
Four officials of the United Bank for Africa (UBA), have been arrested by the Lagos State Police Command for allegedly stealing £138,924 (over N270 million) from international airlines’ accounts.
CSP…
Sterling Bank indicted over alleged money laundering, fraudulent activities – Police report
Joseph Irikefe
The Nigeria Police Force has indicted Sterling Bank over allegations of money laundering, fraudulent deductions, and other financial crimes.
The indictment was contained in a report presented to the…
Zenith Bank in a fresh controversy over fraudulent sale of Aquitane Oil & Gas ₦1.4bn dividend
Quantum Zenith Securities, a subsidiary of the bank is accused of facilitating the sale while Veritas Registrars allegedly withheld dividends owed to Aquitane and other shareholders.
Old N1000, N500, N200, N100 notes remain legal tender, says CBN
Maureen Aguta
The Central Bank of Nigeria has denied plans to declare old Naira notes illegal.
This development was communicated in a December 2024 news update of the CBN published on its…
Niger accuses France of bribing Nigeria to establish base in Borno to destabilised Sahel states
Maureen Aguta
Niger Republic’s Head of State, General Abdourahamane Tiani, has accused France of offering financial support to Nigerian authorities to establish a military base in Borno State with the intention…
Police probe Zenith Bank over Aquitane Oil unpaid dividend
Maureen Aguta
The Nigerian police in Abuja are investigating Zenith Bank Plc over alleged falsification of a shareholder’s bank statements and withholding of share dividends.
The investigation was prompted by a…
2024: Nigeria’s FDI falls by 22.85% in Q2, worst in 9 years
Maureen Aguta
Contrary to Nigeria’s President, Bola Ahmed Tinubu's recent claim that the country recorded $30 billion Foreign Direct Investment (FDI) in the last year, data has shown that in the second quarter of…
Again, Access Bank dragged to court over alleged unlawful deductions from customer’s account
Maureen Aguta
A legal practitioner, Junaid Sanusi who is a customer of Access Bank Plc, has sued the bank for N100 million for allegedly deducting his money unlawfully.
While arguing his originating summons before…
Reps orders GTB to refund 7-year unremitted VAT to Federal Government
Maureen Aguta
The House of Representatives has asked Guaranty Trust Bank (GTB, to calculate and refund to the Federal Government recovery accounts, the Value Added Tax (VAT) on the commission from Remita, which the bank…