Tag Archives: First Bank of Nigeria
First Bank MD, Sola Adeduntan, Withers As The Bank Suffers Huge Debt Portfolio
The headship of banking institutions is one job that comes with monstrous challenges, envisaged or unforeseen. Almost all of Nigerian banks’ managing directors/chief executive officers always take over from their predecessors amidst jubilation and cheery smiles. But no soon had
Why First Bank Littered Marina Front With Seized Oil Vessels
If the Nigerian bank is truly a graveyard for ghastly debts, then First Bank Plc, could be the greatest undertaker among contemporary banks. The foremost financial institution wallows in a sea of debts as you read; this is because its
Distress Hits Heritage Bank, CBN In Cover-up Mode
Heritage Bank Plc is currently stuck in a debilitating liquidity situation; SaharaReportes can authoritatively report. Our sources disclosed on Monday that the bank is unable to meet customers’ immediate withdrawal requests and has wiped out all foreign currency domiciliary accounts
Federal Court Rules Against First Bank In Assets Dispute
Justice Abdulaziz Anka of the Federal High Court in Ikoyi, Lagos ruled against the order given by Justice Saliu Saidu stating that First Bank Plc., through its receiver, Mr. Emmanuel Oyebanji, to take over the entire assets of an oil
FCMB manager Commmits Suicide over N350m Loan
A manager with First City Monument Bank (FCMB), Olisa Nwakoby, fatally shot himself on Friday in the presence of a clergyman in the Lekki area of Lagos. The father of a 10-year-old daughter allegedly took his own life because of
