Category Archives: BUSINESS
N1.7 billion Fraud Scandal Rattles Abubakar Suleiman-led Sterling Bank
The Abubakar Suleiman-led Sterling Bank Plc is currently enmeshed in a N1.7 billion fraud scandal, THE WITNESS exclusively reports. The fraud is said to have rattled the lender’s financial position and it has landed one of the bank’s staff and a businessman in
Unity Bank Corpreneurship Challenge Produces 30 More Winners in 6th Edition
A total of thirty members of the National Youth Service Corps, NYSC, have won cash prizes and business grants totalling N10 million in the 6th edition of the expanded Unity Bank flagship business plan competition known as Corpreneurship Challenge. Unity Bank
Interpol Set to Arrest Bank Of Nevis Intl CEO, Michael Prest For Fraud
The Royal St. Christopher and Nevis Police Force has sought the assistance of the International Crime Organization (Interpol) for the arrest and extradition of CEO of the Bank of Nevis International Ltd Michael Prest. The White Collar Crime Unit of
Unity Bank Unveils New Code on USSD Platform to Combat E-Banking Fraud
In a bid to safeguard its e-banking platforms with enhanced safety and security features, Unity Bank Plc has unveiled a new code on its USSD platform that completely puts the customer in control of his Bank Account against any e-Banking
How FIRS Awarded N5.2bn Non-Security, Souvenir Contracts In 7 Months
FEDERAL Inland Revenue Service (FIRS) has awarded contracts for the procurement of souvenirs and non-security documents worth N5.5 billion between January and July 2021. According to documents available to Nigerian Tribune, FIRS management under the leadership of its Executive Chairman,
Customer Reveals How Polaris Bank Staff Stole N20m From His Account
The board of Polaris Bank has opened investigations into the disappearance of N20million from the bank account of a customer, Ajibola Sanusi with account number 28122***. In a letter sent to Sanusi through his lawyer, Olumide Ajetumobi, the bank said,
Fidelity Bank Swims in N200m Fraud Scandal …EFCC Arrests Four Officials
Fidelity Bank Plc, a tier-2 lender in Nigeria, led by Nneka Onyeali-Ikpe as its chief executive officer, is in the news again for the wrong reason, THE WITNESS reports. The bank which prides itself as a lender which can be
How Polaris Bank Staff Forged Customer’s Cheque, Stole N12.6m
A Lagos High Court has heard from how a Polaris Bank Account Officer, Keshinro Babatunde, allegedly stole the sum of N12.6m from a customer’s account through forged request forms and cheques. A prosecution witness, David Areyo, who is a colleague of the
First Bank Insurance Agent Arraigned Over Alleged N7.2m Fraud
A sales representative with the First Bank of Nigeria Insurance Plc, Okereafor Izuchukwu, has been arraigned before a Lagos Magistrate’s Court for allegedly defrauding two customers of the sum of N7.251, 000 and escaped. Police alleged that nemesis, however, caught
Heritage Bank Partners Silverbird To Empower Young Creative Nigerians
… Train 1st batch of Ynspyre Project Heritage Bank Plc, Nigeria most innovative banking service provider has joined forces with Silverbird Group to empower and deepen its supports to young entrepreneurs in the Nigeria creative and entertainment industry. This, the
