Former Chairman of the First Bank of Nigeria (FBN),Oba Otudeko has suddenly left Nigeria, according to a report from online platform, TheCable His departure comes in the wake of his imminent arraignment by the Economic and Financial Crimes Commission (EFCC) on a 13-count charge of alleged fraud. The report says that the businessman left the country via one of the land borders. According to security sources, he was dropped off at the Nigeria-Benin border on Thursday evening, 16 January, 2025, by a family member. When TheCable reached out to Otudeko,…
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Fidelity Bank Strengthens Leadership with New Board Appointments
In a strategic move to sustain its impressive performance, leading financial institution Fidelity Bank Plc has announced significant changes to its Board of Directors, effective January 14, 2025. According to a regulatory filing on the corporate disclosure portal of NGX Regulation Limited, the Bank has received the Central Bank of Nigeria’s (CBN) approval to appoint Alhaji Abdullahi Sarki Mohammed as an Independent Non-Executive Director, Ms. Obiaku Augusta Okam as a Non-Executive Director, and Mr. Sufiyanu Ibrahim Garba as an Executive Director, all effective January 14, 2025. Alhaji Mohammed brings over…
Read More$718m debt: Court orders Nigerian banks to blacklist Nduka Obaigbena from financial transactions
A Federal High Court in Lagos has ordered all banks operating in Nigeria to blacklist the chairman of Thisday Newspaper and Arise TV, Nduka Obaigbena and members of his family over alleged debt to First Bank of Nigeria. The December 30, 2024, Mareva order also sought to prevent Mr Obaigbena from moving any assets linked to him from the jurisdiction of the Federal High Court. First Bank had filed a debt-recovery suit against Mr Obaigbena and his family members, including Efe Damilola Obaigbena and Olabisi Eka Obaigbena, saying they used their…
Read MoreFidelity Bank Launches “Bundles of Joy” Initiative to Support Children with Special Needs and Their Families
As part of its commitment to fostering inclusivity, Fidelity Bank Plc has inaugurated the Bundles of Joy programme, a groundbreaking initiative aimed at creating supportive spaces and activities for children with special needs while addressing the psychological and emotional well-being of their parents and caregivers. The first session of the programme was held over the weekend at a dedicated facility in Lekki, Lagos. Dr. Meksley Nwagboh, Divisional Head of Brand and Communications at Fidelity Bank, welcomed participants and emphasized the bank’s dedication to creating meaningful experiences for its customers and…
Read MoreCBN says 1,000 staff left voluntarily, not by force
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso claimed that staff who left the apex bank in December did so voluntarily with payment of full benefits and were not disengaged or forced to quit. This was disclosed today (Friday) during the resumed investigative hearing to probe the disengagement of the 1000 workers and how the N50 billion terminal benefits were arrived at for them. The hearing was held at the instance of the House of Representatives Ad-hoc Committee to probe the matter, chaired by Hon. Usman…
Read MoreJigawa Flood: Committee of Banks in Nigeria Donates Multimillion Naira Relief Materials to victims
The Committee of Banks in Nigeria on Thursday lifted the victims of the recent flooding in some parts of Jigawa State with a solidarity visit to Dutse, the state capital, during which they made donation of assorted items of relief materials to the State Government as part of their own contribution to alleviate the plight of those impacted by the September 2024 natural disaster. The donation of the relief materials comprising food items, including bags of rice, cartons of vegetable cooking oil, mattresses, and beverages were presented to the Governor…
Read MoreTwo Zenith Bank staff arraigned by EFCC for selling N500,000 new notes
Two staff of Zenith Bank Plc situated at 18, Okpara Avenue in Enugu State have been arraigned by the Economic and Financial Crimes Commission (EFCC) for allegedly selling newly-minted N500,000 (Five Hundred Thousand Naira). The suspects are Ekpe Anayaoha Okoronkwo and Umeonuoha Onyinye. The Enugu Zonal Directorate of EFCC arraigned the suspects on Thursday, December 12, 2024, before Justice Mohammed Garba Umar of the Federal High Court sitting in Independence Layout, Enugu State. They were arraigned on a one-count charge bordering on currency racketeering to the tune of N500,000 (Five…
Read MoreHealth Minister, NAFDAC DG others commend Jawa International at new Beta-Lactam plant commissioning
The Minister for Health and Social Welfare, Hon.(Prof.) Muhammad Ali Pate, CON commissioned the newly completed Jawa International Ltd’s Beta-Lactam plant in Isolo, Lagos on Tuesday, December 17, 2024. The Beta-Lactam plant project which is a milestone achievement in the manufacturing of antibiotics, has positioned Jawa International Ltd. as one of the industry leaders in manufacturing, marketing and distribution of quality Pharmaceutical products in the Nigerian Pharmaceutical market. Delivering his keynote address, Prof. Ali Pate said: “It is a great pleasure for me to commission this project because good news is…
Read MorePolaris Bank Wins Sectoral Award at the 2024 NECA Employers’ Excellence Awards
Polaris Bank has achieved yet another milestone by emerging as the Sectoral Winner in the Banking and Other Financial Institutions Sector category at the 2024 NECA Annual Employers’ Excellence Awards. The Bank received the sectoral recognition for its innovative HR practice at the NECA’s Excellence Awards, (the 4th edition) which held recently at the Balmoral Convention Centre, Ikeja. The recognition is particularly significant as it marks the first award the Bank has received for its efforts in Human Resources Management, reaffirming Polaris Bank’s commitment to creating a…
Read MoreUK’s Guardian agrees to sale of world’s oldest newspaper, The Observer, to Tortoise online
The Guardian Media Group (GMG) announced on Friday its decision to sell The Observer, the world’s oldest Sunday newspaper, to online news platform Tortoise Media, despite staff protests and strikes. This announcement followed a 48-hour strike by over 500 journalists from The Guardian and The Observer opposing the sale. In a statement, GMG and its owner, the Scott Trust, confirmed that the sale had been approved in principle. “The boards of the Guardian Media Group and the Scott Trust have agreed to sell The Observer to Tortoise Media,” the statement…
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