3 d. ago 3 docked for allegedly breaking into the bank, stealing laptops

Three men, Olufemi Faleti, 59, Ayoade Adewale 41, and Idowu Yusuf, 41, on Friday, were brought before an Iyaganku Magistrates’ Court Ibadan charged with breaking into a bank and stealing laptops. The defendants, whose addresses were not provided, were charged with conspiracy, house breaking, and stealing, to which they pleaded not guilty. The Prosecutor, Inspector […] The post 3 docked for allegedly breaking into the bank, stealing laptops appeared first on The Sun Nigeria.

Politics

5 d. ago Tinubu Urged To Enforce Direct LGA Funding As Delay Undermines Grassroots Dev’t

An All Progressives Congress (APC) youth leader based in Dubai, UAE, Sadiq Saleh Osude, has called on President Bola Tinubu to immediately direct the Central Bank of Nigeria (CBN) to enforce the Supreme Court’s ruling on local government autonomy by commencing direct disbursement of funds to the nation’s 774 local government area councils. Speaking in […]

Politics

1 week ago N76bn fraud: Union Bank sold performing loans to AMCON as non

Tribune Online N76bn fraud: Union Bank sold performing loans to AMCON as non-performing — Witness tells Court “When we took over the arrangement from Union Bank, we found out that it was not performing. The nature of the facility had changed.... N76bn fraud: Union Bank sold performing loans to AMCON as non-performing — Witness tells Court Tribune Online

Politics

2 w. ago Overbilling: EERC orders MainPower to refund over 20,000 customers

In exercise of its regulatory powers, the Enugu State Electricity Regulatory Commission (EERC) has ordered MainPower Electricity Distribution Company, formerly Enugu Electricity Distribution Company (EEDC) to refund over 20,000 estimated customers over “wrongful billing” by the company. This was contained in a public notice issued by EERC on Monday where the Commission said that its […] The post Overbilling: EERC orders MainPower to refund over 20,000 customers appeared first on The Sun Nigeria.

Economics

2 w. ago Overbilling: Enugu Electricity Regulatory Commission orders MainPower to refund over 20,000 customers

In exercise of its regulatory powers, the Enugu State Electricity Regulatory Commission, EERC, has ordered MainPower Electricity Distribution Company, formerly Enugu Electricity Distribution Company, EEDC, to refund over 20,000 estimated customers over “wrongful billing” by the company. This was contained in a public notice issued by EERC on Monday where the Commission said that its […] The post Overbilling: Enugu Electricity Regulatory Commission orders MainPower to refund over 20,000 customers appeared first on The Sun Nigeria.

Economics

2 w. ago Court orders bank to refund company funds in liquidation dispute

By Lukman Olabiyi Justice Dehinde Dipeolu of the Federal High Court, Lagos, has ordered a bank to immediately pay the liquidator of Addy Finance & Investments Limited (in liquidation) the sums of N39,108,417 and $53,078.04, with pre-judgement interest at 20% and post-judgement interest at 10% per annum. The court also directed the bank to deliver […] The post Court orders bank to refund company funds in liquidation dispute appeared first on The Sun Nigeria.

Politics

2 w. ago Unpaid Debt: Judge Grants Zomay Marine, Sterling Bank Leave To Settle Out

Justice Frank Onyiri of the Rivers State High Court, has granted leave to an indigenous firm, Zomay Marine and Logistics Limited and Sterling Bank Plc, to settle their dispute over unpaid debts out-of-court. Onyiri granted the leave yesterday at the resumed hearing of a suit brought against Sterling Bank by the indigenous firm, following the […]

Politics

2 w. ago Emefiele Files Appeal Against FG’s Seizure Of 753 Housing Units In Abuja

Former Central Bank of Nigeria Governor, Godwin Emefiele, has appealed to the Court of Appeal in Abuja to overturn a ruling that granted final forfeiture of a 753-unit housing estate in the Lokogoma area of Abuja to the federal government. The Economic and Financial Crimes Commission (EFCC) secured interim and final forfeiture orders in late […] The post Emefiele Files Appeal Against FG’s Seizure Of 753 Housing Units In Abuja appeared first on Information Nigeria.

Politics

2 w. ago EFCC Accuses Emefiele Of Allegedly Receiving $17.1m Kickbacks

An operative from the Economic and Financial Crimes Commission (EFCC), Alvan Gurumnaan, on Tuesday narrated to a Lagos State Special Offences Court in Ikeja how a former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, allegedly received $17.1 million through one of his aides, Monday Osazuwa. Gurumnaan, the eighth prosecution witness in the […]

Politics

2 w. ago EFCC Accuses Emefiele Of Alleged Receipt Of $17.1m Kickbacks

An operative of the Economic and Financial Crimes Commission (EFCC), Alvan Gurumnaan, on Tuesday narrated to a Lagos State Special Offences Court in Ikeja how former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, allegedly received $17.1 million through one of his aides, Monday Osazuwa. Gurumnaan, the eighth prosecution witness in the ongoing […]

Politics

3 w. ago Banks deposit N2.5trn in CBN via standing deposit facility amid tight liquidity conditions

Tribune Online Banks deposit N2.5trn in CBN via standing deposit facility amid tight liquidity conditions Banks in Nigeria have deposited a total of N2.5 trillion with the Central Bank of Nigeria (CBN) through the Standing Deposit Facility (SDF), signaling a major step in liquidity management as institutions sought to maximise returns on excess funds amid a dynamic monetary policy environment. The significant inflow into the SDF last week reflected heightened […] Banks deposit N2.5trn in CBN via standing deposit facility amid tight liquidity conditions Tribune Online

Politics

3 w. ago My wife arrested me with Amotekun ‘for owing bank N500,000’ —Husband

Tribune Online My wife arrested me with Amotekun ‘for owing bank N500,000’ —Husband •He threw me out despite feeding him, paying the rent —Wife A woman, Sherifatu, has approached Grade A Customary Court, Mapo, Ibadan, Oyo State, seeking that her union with her husband, Adelani, be dissolved on the grounds of irresponsibility, lack of love and care, and constant fighting by the latter. Sherifat told the court that […] My wife arrested me with Amotekun ‘for owing bank N500,000’ —Husband Tribune Online

Politics

3 w. ago EFCC Arraigns Bankers, 3 Others Over Alleged Cybercrime In Lagos

The Economic and Financial Crimes Commission (EFCC) has arraigned two employees of Premium Trust Bank and three other individuals before the Federal High Court sitting in Ikoyi, Lagos, over an alleged attempt to fraudulently access the bank’s database to steal depositors’ funds. The accused bank staff, Kehinde Odeyemi and Matthew Adeniyi Damilola, were arraigned by […]

Politics

4 w. ago Fidelity stock dips 3.85% as bank clarifies position on Supreme Court judgement

Fidelity Bank Plc stocks were down by 3.85 percent on Monday underperforming the NGX ASI which saw mild decline of read more Fidelity stock dips 3.85% as bank clarifies position on Supreme Court judgement

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