Two employees of Premium Trust Bank; Kehinde Odeyemi and Matthew Adeniyi Damilola, were arraigned by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, Awolowo on Tuesday, May 20, 2025, before Justice Alexander Owoeye of the Federal High Court sitting in Ikoyi, Lagos. They were arraigned alongside Samson Latshin Dakup, Bolaji Omotosho Yinka and Sunday Badeniyi Okunola on a seven-count charge bordering on conspiracy to steal. The defendants allegedly conspired to manipulate the server and domain credentials of the bank in a bid to gain unauthorised…
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Woman files for divorce after ChatGPT predicts husband’s ‘infidelity’
A Greek woman has filled for divorce after allegedly predicting her husband’s affair through an unconventional use of ChatGPT. According to a Greek tabloid, the woman used the AI chatbot in a high-tech twist on tasseography—the centuries-old practice of interpreting coffee or tea grounds to foresee the future. Married for more than a decade and mother to two children, she uploaded photos of her and her spouse’s coffee remnants, hoping the chatbot could decode the patterns. The chatbot told her her husband was romantically involved with a younger woman who…
Read MoreKatsina village head dethroned over alleged kidnap, rape
Iliya Mantau, the Village Head of Mantau in Yarmaulu, Baure Local Government Area of Katsina State, has been dethroned by the Emir of Daura in Katsina State, Alhaji Faruq Faruq, over allegations of involvement in the kidnapping and rape of a woman in the community. The Emir announced this on Monday following complaints from residents of Yarmaulu, which led to a youth-led protest last week. It was learnt that the protesting youths accused the dethroned village head, Iliya Mantau, and others of kidnapping Zulaihatu and her baby, and allegedly raped…
Read MoreIbadan, Ogbomoso monarchs reject Alaafin as permanent council chairman
A proposed legal amendment by the Oyo State House of Assembly seeking to make the Alaafin of Oyo the permanent chairman of the state’s Council of Obas and Chiefs has been opposed by traditional leaders and stakeholders from Ibadan land and Ogbomoso land. The opposition was contained in a joint statement issued on Monday in Ibadan and signed by Mogajis, Baales, monarchs, the Central Council of Ibadan Indigenes, the Ibadan Compounds Peace Initiative, prominent sons and daughters of Ibadanland, and Mogajis from the Soun Ruling Houses of Ogbomoso. The bill…
Read MoreWHO IS AFRAID OF FIDELITY BANK
By Udeme Etukeyen Leading up to the recent superlative annual reports showcasing one of the most significant growth experienced by a Nigeria Financial Institution in recent years I was forced to ask “what is Fidelity Bank” doing right? My banking and financial sector experience got me digging deeper into the statistics of the report-Fidelity Bank recorded a substantial 210.0% growth in PBT, reaching N385.2 billion in FY 2024. Deposits increased by 47.9%, from N4.0 trillion in 2023FY to N5.9 trillion in 2024FY, Gross earnings shooting by 87.7% to N1,043.4 billion…
Read MoreWhy Fidelity Bank Plc Is Too Big to Fail
Several media platforms have gone to town with the news of the Supreme Court ruling on a dispute between the defunct FSB International Bank and Sagecom Concepts Limited with some of them questioning the ability of Fidelity Bank (the judgement debtor) to make the payment. As the matter is still before the court and there’s a court order prohibiting media publications on this matter, warning that violations would constitute contempt of court, a punishable offense, we will highlight in this article why Fidelity Bank is too big to fail as…
Read MoreTwo days after Monarch’s abduction, three killed in Kogi community
Barely two days after the abduction of Oba Ogunyanda Ilufemiloye, the Obalohun of Okoloke, unknown gunmen again, ambushed and killed three indigenes of Okoloke in Yagba West, Kogi State. The incident occurred on Saturday, following the monarch’s kidnapping on Thursday. The victims were identified as Ogunbiyi Dele, the Oluode of Okoloke, Moses Jimoh, and Tobi Olu, also known as India. Two of the victims were members of the local hunters’ group and were reportedly on their way to Egbe, a neighbouring town, to make purchases. The Obalohun remains in the…
Read MoreEx-President Joe Biden diagnosed with ‘aggressive’ prostate cancer
Former president of the United States of America, Joe Biden, aged 82, has been diagnosed with prostate cancer that has spread to his bones, a statement from his office said on Sunday. Biden, who left office in January, was diagnosed on Friday after he saw a doctor last week for urinary symptoms. The cancer is a more aggressive form of the disease, characterised by a Gleason score of 9 out of 10. This means his illness is classified as “high-grade” and the cancer cells could spread quickly, according to Cancer…
Read MoreOne dead, three rescued as building collapses in Lagos
A one-storey building, which was under construction, collapsed around 3:30pm on Sunday, at Idi Araba in the Mushin area of Lagos State One of the construction workers at the site who was trapped under the rubble of the collapsed building died. Three male adults were however, rescued from the scene and are receiving treatment. In a statement issued by the Director of Lagos State Fire and Rescue Service, Margaret Adeseye, it reads: “A building under construction at the one-storey level suddenly collapsed at 96 Ishaga Road, opposite Idi Araba Central…
Read MoreNigerian-British Opeyemi makes history as UK’s youngest mayor
29-year-old Nigerian-British, Princess Opeyemi Bright, has been inaugurated as the youngest mayor in the United Kingdom after assuming office as the First Citizen of the London Borough of Barking and Dagenham. At 29, Bright’s appointment marks a historic milestone for both the Nigerian diaspora and youth representation in British politics. Her inauguration on Friday, May 16, drew widespread attention as a symbol of diversity and the increasing global footprint of Nigerians in public service. “This is nothing short of God’s grace,” Bright said in her acceptance speech. “I’m proud to…
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