£2.6bn Fraud: Petro Union Directors Lose Bid to Stop Trial
£2.6bn Fraud: Petro Union Directors Lose Bid to Stop Trial A Federal High Court in Lagos on Wednesday dismissed a No-Case-Submission application filed by three Directors of an oil firm, Petro Union Oil and Gas Limited, who are currently standing trial over an alleged £2.6bn fraud. The trial judge, Justice Mohammed Liman, held in his ruling over the application that the Federal Government had made out a prima facie case against the company and its directors, which requires them to enter a defence. Justice Liman, however, ruled that the compan…
Tier-1 Banks Report 2024: Access Holdings Leads in PBSI Ranking
Tier-1 Banks Report 2024: Access Holdings Leads in PBSI Ranking In recognition of its outstanding performance, Access Holdings PLC has been named the leading Tier-1 Bank in the 2024 Proshare Bank Strength Index (PBSI) report. The PBSI, which evaluates banks based on a comprehensive set of financial metrics derived from audited financial statements for the Financial Year 2023, underscores Access Holdings’ significant strides in the banking sector. Proshare’s latest report places Access Holdings at the forefront, alongside other prominent instit…
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Nigerian Idol Season 9 Top 4 Shine in Bigi-Sponsored Live Show
Nigerian Idol Season 9 Top 4 Shine in Bigi-Sponsored Live Show The Nigerian Idol Season 9 top 4 contestants delivered unforgettable performances on Sunday, June 30, 2024, in a thrilling episode of Nigeria's premier music reality show. Still, the night ended on a bittersweet note as contestant Maio was eliminated. Chioma, Chima, Mira Clear, and Lammy electrified the audience with their dual performance, taking on Nigerian hits and international R&B classics. The evening's excitement peaked with the guest appearance of Nigerian hip-h…
Court orders popular cleric Daddy Hezekiah to pay bank manager N10m for human rights abuse
Court orders popular cleric Daddy Hezekiah to pay bank manager N10m for human rights abuse A Federal High Court in Abuja has ordered popular Anambra cleric and founder of Living Christ Mission, Rev. Onokogu Hezekiah (also known as Daddy Hezekiah), to pay N10 million to Polaris Bank manager, Hezekiah Duru, for violating his fundamental human rights. The cleric had filed a petition against Duru, accusing him of financial misappropriation and breach of trust, which led to Duru’s arrest and detention by the police. However, Justice D. Okorowo r…
Union Bank Announces Employee Promotions, Celebrating Dedication, Excellence
Union Bank Announces Employee Promotions, Celebrating Dedication, Excellence Lagos, Nigeria— Union Bank of Nigeria has announced the promotion of 337 employees across various departments. This significant milestone underscores the bank’s commitment to recognising and rewarding the hard work, dedication and outstanding contributions of its employees. At a recent town hall meeting, the Managing Director/Chief Executive Officer (MD/CEO) of Union Bank, Yetunde Oni, reaffirmed the bank’s commitment to fostering a culture of excellence and growth. S…
Development Bank of Nigeria Announced as Partner for the Africa Social Impact Summit 2024
Development Bank of Nigeria Announced as Partner for the Africa Social Impact Summit 2024 Sterling One Foundation, co-conveners of the Africa Social Impact Summit are pleased to announce the Development Bank of Nigeria (DBN) as one of its partners for the third edition of the Africa Social Impact Summit to be held from July 25 - 26, 2024 in Lagos, Nigeria. Dr. Tony Okpanachi, Managing Director and CEO of the Development Bank of Nigeria (DBN), and Mrs. Olapeju Ibekwe, CEO of Sterling One Foundation With this partnership, DBN joins an impress…
Access Holdings Plc Holds Signing Ceremony in Respect of Proposed ₦351 Billion Rights Issue
Access Holdings Plc Holds Signing Ceremony in Respect of Proposed ₦351 Billion Rights Issue L-R: Bolaji Agbede, Acting Group Managing Director, Access Holdings Plc; Aigboje Aig-Imoukhuede, Chairman, Access Holdings Plc; Roosevelt Ogbonna, Managing Director/Chief Executive Officer, Access Bank Plc, and Sunday Ekwochi, Company Secretary, Access Holdings Plc, at the Signing Ceremony for Access Holdings’ Rights Issue of 17,772,612,881 ordinary shares of N0.50 each at N19.75 per share, held at Access Tower in Victoria Island, Lagos…yesterday. L-…
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