Category: Business

Again, Herbert Wigwe wins African Banker of the Year award

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Group Managing Director/CEO of Access Bank Plc, Mr. Herbert Wigwe, has been named as the African Banker of the Year at the 2021 edition of the African Banker Awards, making it the second time in a row. Wigwe, winner of one of the most prized categories for the second consecutive year, proved this feat in the market expansion of sub-Saharan Africa’s largest bank despite the negative impact of the COVID-19 pandemic. According to Access Bank statement, it explained that over the last 12 months, the Bank has established a presence…

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Reps summon Polaris Bank MD, NNPC over $224m hidden account

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Acting Managing Director, Polaris Bank Limited, Innocent Ike, was a guest of the House of Representatives’ Ad Hoc Committee on Assessment and Status of All Recovered Loots Movable and Immovable Assets from 2002 to 2020 by Agencies of the Federal Government of Nigeria for Effective Efficient Management and Utilisation. The bank MD was grilled on Thursday over an account belonging to the Nigerian National Petroleum Corporation believed to have been hidden in the bank. Over $200m was said to have been allegedly hidden in the account, which was opened in…

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Heritage Bank staff protest at Sen. Andy Uba’s Abuja residence over unpaid loan

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A video surfaced online on Monday, showing how some staff of Heritage Bank Plc besieged the residence of Andy Uba, a former senator from Anambra State, who once served as an aide to former President Obasanjo. The staff of the bank, displayed placards, as they gathered in front of his residence in Abuja, asking the politician to repay the loan he collected to save their job. One of the bankers at the scene said in the video that, they are appealing to the former senator to “kindly pay this money…

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Bank PHB’s former MD, Atuche jailed for N25.7bn fraud, wife acquitted

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Mr. Francis Atuche, the former Managing Director of Bank PHB who is standing trial for stealing the sum of N25.7 billion belonging to the bank, was found guilty of theft and sentenced to six years imprisonment on Wednesday, June 16, 2021. His former Chief Financial Officer, Mr. Ugo Anyanwu, was also sentenced to four years imprisonment by Justice Lateefat Okunnu of the Lagos State High Court in Ikeja. Atuche’s wife, Elizabeth, also standing trial with him, was however discharge of the cases of conspiracy and stealing brought against them in…

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MTN says it can’t guarantee uninterrupted services due to insecurity in Nigeria

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Telecommunications giant, MTN says it cannot avoid possible disruption to its services due to insecurity in Nigeria. This is because, the country is currently facing insecurity across the country — ranging from mass abductions at schools, kidnappings for ransom, armed conflict between herdsmen and farmers, armed robberies and various insurgencies, therby affecting growth and job creation. In a statement it wrote to customers via Reuters, the company(MTN) said: “Sadly, we must inform you that with the rising insecurity in different parts of Nigeria, service delivery to your organisation may be…

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Access Bank’s South African division begins operation, guarantees customers’ satisfaction

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Access Bank South Africa Limited officially opened for business, on Monday, with a promise to help customers achieve their aspirations. While speaking at the event, Access Bank CEO, Herbert Wigwe, said the SADC region represents the strongest economy on the African continent. “This means Access Bank SA is firmly seated in one of the principal geographical areas apart from Nigeria, in terms of the size of the economy, and unlocks the gateway to the entire Southern African region,” he said. Wigwe highlighted Access Bank’s solid presence in Zambia too, saying…

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Another shot in the arm for Adeduntan as FirstBank wins Global Banking and Finance’s Retail Banking CEO Award

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While the age-old saying and philosophy of virtue being its own reward (or seeing doing good as its own reward) remains a strong motivating factor in doing good persistently, it helps when virtue gets recognition from time to time. Even though anyone or organisation committed to doing good will keep doing so with or without recognition, recognitions for virtue tend to act like a shot in the arm for such people or organisations, spurring them to commit even more to doing good. That is what the recent award of “Retail…

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FirstBank: Nigeria’s Premier Eco-Friendly Financial Brand

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By Jeremiah Agada As the world gears up to celebrate the World Environment Day (WED), Brand Communicator’s focus on Eco-Friendly Brands in the Nigerian market falls on Nigeria’s premier and perhaps the strongest financial institution, First Bank of Nigeria Limited. The focus is on the Bank’s environmental policies and its impact on the global environmental issues. This brings to fore the importance of environmental sustainability in our world today. Environmental sustainability is one of the biggest challenges and most important targets of the present times. Stakeholders (researchers, academicians, scholars, governments…

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FirstBank gets another international recognition; ranked second most admired financial services brand in Africa

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First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has been ranked the second ‘most admired financial services brand’ in Africa – for the second straight year – at the 2021 Brand Africa 100: Africa’s Best Brands Event, held on Africa day, 25th May 2021. Brand Africa is an intergenerational movement to inspire a great Africa through promoting a positive image of Africa, celebrating its diversity and driving its competitiveness. It is a brand-led movement which recognizes that in the 21st century, brands are an asset…

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