Category: News

Suspended Adamawa REC gets administrative bail

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The recently suspended Adamawa State Resident Electoral Commissioner (REC) Hudu Yunusa-Ari, who is under police probe, has been granted bail. Two of the commissioners and officials of the Independent National Electoral Commission (INEC) undergoing interrogation at the Police Headquarters in connection with the Adamawa Governorship Election fiasco were freed to go. They were released on administrative bail and with conditions. But, they must deposit their travel passports; and their movement is restricted within the Federal Capital Territory (FCT). It was learnt that a senator stood surety for Yunusa-Ari after he…

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GTCO Plc Releases 2023 Q1 Unaudited Results …Reports Profit Before Tax of ₦74.1billion

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Guaranty Trust Holding Company Plc (GTCO or the Group) has released its Unaudited Consolidated and Separate Financial Statements for the period ended March 31, 2023, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦74.1billion, representing an increase of 36.5% over ₦54.3billion recorded in the corresponding period ended March 2022. The Group’s loan book (net) dipped by 1.5% from ₦1.88trillion recorded as at December 2022 to ₦1.86trillion in March 2023, while deposit liabilities increased by 9.9% from ₦4.61trillion in December 2022…

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Dr. Olaleye: “My wife lied, I didn’t assault her niece sexually”

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Embattled Medical Director of Optimal Cancer Foundation, Dr. Olufemi Olaleye, told an Ikeja Sexual Offences and Domestic Violence Court that the allegation of sexual assault against him was fabricated by his wife, Remi. The defendant made the claim while opening his evidence today. He was charged with sexually assaulting his wife’s 16-year-old niece (name withheld). The pathologist and entrepreneur said that he had been married to Oluremi for 12 years and the marriage produced two children, aged eight years and 12 years. He testified that his marriage to Oluremi was…

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IPOB to Buhari: “Your sins will never be forgiven”

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The Indigenous People of Biafra, IPOB said the ‘sins’ of President Muhammadu Buhari would never be forgiven. The separatist group, in a statement by its Director of Media and Publicity, Emma Powerful, was reacting to Buhari’s recent appeal that “all those that I have hurt, I ask that they pardon me.” The President, who spoke on Sallah day inside the Banquet Hall of the Presidential Villa, Abuja, when residents of the  Federal Capital Territory, led by the minister, Mohammed Bello, also thanked Nigerians for tolerating him. “I can’t wait to…

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Union Bank of releases Group Audited Financial Statements for December 31, 2022

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Union Bank has announced the release of its audited financial statements for the year ended 31st December 2022, which reflects strong financial performance despite macroeconomic headwinds. Union Bank maintained consistent success due to the disciplined execution of its go-to-market strategy focused on deepening its core business while exploring new areas of opportunity to acquire, engage, and retain customers. Bank Financial Highlights: ● Gross Earnings: up 19% to ₦208.2 billion (₦175.0 billion in 2021), driven by strong growth in Net Interest Income. ● Net Interest Income: up 33% to ₦59.1 billion…

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Woman sells daughter for N600,000 to settle debt

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A 33-year-old woman, Olaide Adekunle, has been transferred to State Criminal Investigation Departments, SCID, for further investigation and possible recovery of her daughter, after she was arrested by men of Ogun State Police Command for selling her 18 months old baby for N600,000. The buyer is yet to be identified. The suspect was arrested following a complain lodged at Sango divisional headquarters by the woman’s husband, one Nureni Rasaq. Rasaq reported that his wife, Olaide Adekunle, left home to Lagos on March 15, with their baby girl, Moridiat Rasaq, but…

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Full year(2022) Audited Results: GTCO Plc reports Profit Before Tax of ₦214.2billion and FY Dividend of ₦3.10

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                      Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Audited Consolidated and Separate Financial Statements for the year ended December 31, 2022, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE).   The Group reported profit before tax of ₦214.2billion, representing 3.3% dip from ₦221.5billion posted in the corresponding year ended December 2021 on the back of ₦35.6bn impairment recognised on Ghanaian sovereign securities.   The Group’s loan book (net) increased by 4.6% from ₦1.80trillion as at December 2021 to ₦1.89trillion in…

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Police: How Tiwa Savage’s domestic staff plotted her kidnap

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The Nigerian Police Force Criminal Investigation Department, Alagbon, Ikoyi in Lagos confirmed the arrested some persons in connection with the alleged attempt to kidnap popular singer, Tiwa Savage. The department’s spokesperson, CSP Oluniyi Ogundeyi said, the news of the attempt to kidnap the musician broke out on Friday through social media. The reports revealed that the musician’s private security vigilance and the Nigerian police saved her from the suspects. It gathered that the failed plot was allegedly planned by Savage’s new domestic staff, who had been entrusted with vital information…

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Wife demands half Hakimi’s property in divorce suit, but footballer registered everything in mother’s name

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Moroccan footballer, Achraf Hakimi’s wife filed for divorce and demanded half of his property. She was however informed by court that her “Millionaire’ husband owns nothing as all his property is registered under his mother’s names. Hakimi receives €1 Million from his club, PSG monthly but 80 percent of this is deposited in his mother, Mrs. Fatima’s account. He has no property, cars, houses, Jewelry or even clothes in his name. Anytime, he wants anything, he asks his mother who buys it for him. Share on: WhatsApp

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Our lynched son is a driver, not “Yahoo boy” -family of deceased

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The news of a 35-year-old man, Tope Olorunfemi, who was lynched to death by a mob for crushing two people to death and injuring four others, has caused a reaction from his family members, as they denied the report that he was an internet fraudster. The mother of the deceased, Mrs Mojisola Olorunfemi, said Late Tope was an Uber Driver and was never an internet fraudster known as Yahoo boy. The mother explained that the vehicle of his son had issue and rammed into a commercial motorcyclist and he was…

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