How Moruf Oseni’s Wema Bank Incurred Over N8 Billion In Court Cases, Lost N239 Million To Fraudsters
How Moruf Oseni’s Wema Bank Incurred Over N8 Billion In Court Cases, Lost N239 Million To Fraudsters Moruf Oseni’s Wema Bank incurred N8.067 billion in court cases as at September 2023 and also lost N239.920 million to fraud and burglary in the nine-month to September 2023. This is according to the bank’s financial statement recently released to the Nigerian Exchange Group. However, the litigation claims represent only 3.2 percent from N8.331 billion reported in December 2022. Similarly, the fraud and burglary losses in the third quarter o…
Final Farewell: ACAMB Announces Burial Arrangements for Abdul Imoyo
Final Farewell: ACAMB Announces Burial Arrangements for Abdul Imoyo WIth the permission of Imoyo Family, The Association of Corporate & Marketing Communications Professionals in Banks in Nigeria (ACAMB) is deeply saddened to announce the burial details for its distinguished Publicity Secretary, Mr. Abdul Kolawole Imoyo, who passed away in the early hours of Sunday, December 17, 2023, at First Cardiology, Ikoyi, Lagos, after a brief illness. Mr. Imoyo, a highly regarded Corporate Media Manager and Journalist, leaves behind a legacy of ex…
UBA Surpasses N1tn Market Capitalisation Mark Amidst Impressive Financials, Recognitions
UBA Surpasses N1tn Market Capitalisation Mark Amidst Impressive Financials, Recognitions .. Market Cap Hits N1.022tn Emerges Best Performing Banking Stock in 2023 Africa’s Global Bank, United Bank for Africa (UBA) Plc, on Monday joined the elite group of companies with market capitalisation of over N1tn just as its share price value hits N29.90 per share. At the close of trading on Monday, the Bank’s market capitalization hit N1,022,562,698,843, making it the 3rd most capitalized financial institution in Nigeria, a remarkable lift from N28…
Dangote Refinery set for production, receives 6th batch of 1m Crude oil barrels January 8
Dangote Refinery set for production, receives 6th batch of 1m Crude oil barrels January 8 Dangote Refinery appears set to commence production of refined petroleum products with the receipt of the sixth batch of barrels of crude supplied by the Nigeria National Petroleum Corporation Limited (NNPCL). The fresh one million Agbami barrels of crude via MT ALMI SUN is the last cargo to complete the initial scheduled 6 million barrels consignment to be delivered to the Dangote facility for commencement of operations by the world's largest single…
Access Bank Zambia Limited Completes Acquisition of Atlas Mara, Creates One of Zambia’s Top Five Banks
Access Bank Zambia Limited Completes Acquisition of Atlas Mara, Creates One of Zambia’s Top Five Banks Combined Company to Retain Access Bank Zambia Name Lagos, Nigeria – January 8, 2024: Access Bank Zambia Limited (“Access Bank”) announced today that it has completed its acquisition of African Banking Corporation Zambia Limited, trading as Atlas Mara Zambia (“Atlas Mara”) after obtaining all requisite regulatory approvals. Atlas Mara is now a wholly owned subsidiary of Access Bank Zambia. Following this regulatory milestone, the two banks w…
One dead in Lagos truck accident
One dead in Lagos truck accident One person has been confirmed dead in the early hours of Monday after trucks collided around Ojuelegba area of Lagos State. According to Lagos State Emergency Management Agency (LASEMA), around 0137hrs, its response team encountered a multiple accident that involved three articulated trucks on Ojuelegba bridge, while returning from a recovery operation in Ijora axis of Lagos. It added, “The multiple accident involved two Shacman F2000 Dangote trucks, registration numbers unknown, laden with sand and a Daf tru…
X-raying Fraud in Out-of-Home (OOH) Media Buying: Why Brands Must Prioritize Media Monitoring and Compliance By: Philip Odiakose
X-raying Fraud in Out-of-Home (OOH) Media Buying: Why Brands Must Prioritize Media Monitoring and Compliance By: Philip Odiakose Introduction: Out-of-Home (OOH) advertising has long been a cornerstone of brand promotion, but with the digital shift, the industry has encountered new challenges, including fraudulent practices. This article aims to explore the landscape of fraud in Out-of-Home (OOH) media buying, emphasizing the critical importance for brands to implement independent media monitoring strategies and ensure compliance to protect …
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