Category: Business

EFCC: Bankers must declare assets from June 1

topnews

The Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa has said the commission will start demanding the asset declaration forms of bankers by June 1. He said this is in line with the provisions of the Bank, Employees Declaration of Asset Act. The EFCC boss said he is working hard to create a commission that would be different in the way it handles financial crimes’ cases. He said, “The EFCC, come June 1, 2021, will be demanding for this asset declaration forms, filled by the bankers so that…

Read More

FirstBank promotes cross border payments in Sub Sahara Africa with First Global Transfer

topnews

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced the launch of First Global Transfer (FGT) to promote international transfer of funds across its subsidiaries in sub-Saharan Africa. The Bank’s subsidiaries in Africa include FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone, FBNBank Senegal. The First Global Transfer (FGT) initiative is specifically designed to ensure safe, timely and improved efficiency in the transfer of funds across the network of FirstBank subsidiaries in Africa. The FGT is not restricted to FirstBank and FBNBank…

Read More

I drank poison after killing my wife –Suspect

topnews

Christopher Chiabata, a 59 year-old man who killed his wife, aged 41 with a pestle during a fight is being held by the Bayelsa State Police Command. He said he killed his wife in self-defence during a fight over money in their house at Onuebum in the Ogbia Local Government Area of the state. According to police report, Chiabata hit his wife with a pestle during the fight, and after realising that he had committed murder, drank Sniper to commit suicide but neighbours resuscitated and handed him over to the…

Read More

FIRSTBANK UNVEILS FIRSTSME ACCOUNT, REITERATES ITS COMMITMENT TO THE CONTINUED GROWTH OF SMES

topnews

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced its SME specific accounts designed to reinforce the Bank’s role in putting SME’s at an advantage whilst contributing to national growth and development. The SME accounts – which are in two variants – FirstSME Classic and FirstSME Deluxe – are offered to SMEs, irrespective of industry, and tailored to have SMEs exposed to a wide range of services and opportunities that are essential for their continued growth and role in contributing to national development. The…

Read More

Money laundering mess, staff victimization rock Wema Bank

topnews

The management of Wema Bank Plc have continued to be in the news for bad reasons. While the Managing Director/CEO of the bank, Ademola Adebise and other top officials are still battling to save their heads from the axe of the Economic and Financial Crimes Commission (EFCC), following allegations of money laundering running into the tune of N1 billion, another messy side of the bank has found it’s way into the media space. Recall that the bank’s chief executive alongside others allegedly laundered the said sum using the account of…

Read More

Okonjo-Iweala becomes WTO boss

topnews

‌ Dr Ngozi Okonjo-Iweala, Nigeria’s former Minister of Finance, has become the first woman and African to be named the Director-General of the World Trade Organisation. The Senior Special Assistant to the President on Media and Publicity, Garba Shehu, quoted President Muhammadu Buhari, as congratulating Okonjo-Iweala. He quoted the President as saying that the development had brought joy and more honour to the country. Shehu, in a statement, said, “On behalf of the Federal Government and all Nigerians, President Muhammadu Buhari warmly felicitates with former Minister of Finance and Economy,…

Read More

FIRSTMONIE WALLET GIVES YOUR VALENTINE A BOOST WITH BONUS DATA AND AIRTIME

topnews

You’ve got Firstmonie Wallet on your phone? Did I hear you say Yes… then, count yourself lucky because your first daily recharge and data subscription between 13 – 15 February will give you the opportunity to speak more to your loved ones, or spend more time on your favourite social media channel. In sharing love this valentine season, Firstmonie Wallet – the electronic wallet initiative by FirstBank – will gift customers bonus 100% data and 50% airtime on their first recharge each day across all GSM networks… make some Noise!!!…

Read More

BUA reveals payment evidence for 1m vaccines, says CACOVID member envious

topnews

The acquisition of one million dose of AstraZeneca vaccine by BUA Group triggered controversy amongst corporate citizens, after the Coalition Against COVID-19, CACOVID, disowned (BUA) earlier claims on the purchase. CACOVID had issued a rebuttal on BUA’s earlier claim on the purchase of vaccines for Nigerians, saying that no individual has the capacity to strike such deal. However, BUA group has released details of what transpired at the CACOVID steering committee where the CBN governor, Godwin Emefiele announced that CACOVID had been given the opportunity through the Afrexim Platform to…

Read More

FirstBank empowers its Firstmonie agents with up to N1m  

topnews

In furtherance of the need to promote the business activities of its foremost agent banking platform – Firstmonie Agents – Nigeria’s leading financial inclusion services provider, First Bank of Nigeria Limited, has announced the provision of loan facilities – up to one million naira – to its banking agents. The Bank currently has over 86,300 Firstmonie Agents, spread across the country’s 772 Local Government Areas. With its location in every neighbourhood, Firstmonie Agents have been integral to filling the financial exclusion gap, providing convenient banking services that are easily accessible,…

Read More

FBN Holdings Plc annnounces new board appointments

topnews

FBN Holdings PLC (FBNHoldings), Nigeria’s leading financial holdings company, has announced the appointments of Mr. Seni Adetu and Mrs. Juliet Anammah as Independent Non-Executive directors, while Mr. Otu Hughes has been appointed as a Non-Executive director. These appointments are subject to the approval of the Central Bank of Nigeria (“CBN”). Speaking on the appointments, the Group Chairman of FBN Holdings Plc, Dr. Oba Otudeko, CFR, said, “On behalf of the board, management and staff of FBNHoldings, I am delighted to welcome the trio of Seni Adetu, Mrs. Juliet Anammah and…

Read More