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HUMPHREY OKOH, VICTOR IMEVBORE, JEFF NNAMANI,BELLE FC EXPRESSES LOVE FOR FOOTBALL, CHARITY Business Featured 

HUMPHREY OKOH, VICTOR IMEVBORE, JEFF NNAMANI,BELLE FC EXPRESSES LOVE FOR FOOTBALL, CHARITY

For corporate players in the Nigerian business world, the names, Humphrey Okoh, Victor Imievbore, Jeff Nnamani and Seyi Abe, ring a bell. Many see them as technocrats, while some see them as privileged individuals.   However it is certain that they contribute in no small measures to the business dealings and development of the Nigerian economy.  But their achievements as corporate players is not what this write up is all about,  but the unveiling of their huge love for football and charity. These are what keep them together.  According to our source,…

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EXCLUSIVE: SKYE BANK MANAGEMENT TAKEDOWN BY THE CENTRAL BANK OF NIGERIA Business News 

EXCLUSIVE: SKYE BANK MANAGEMENT TAKEDOWN BY THE CENTRAL BANK OF NIGERIA

SAHARAREPORTERS The management of Skye Bank PLC today announced what it called the voluntary resignation of its top officers.  The action followed plans by the Central Bank of Nigeria (CBN) to take over the bank due to distress arising from bad loans and insider malpractices by board members. In a statement, the management said the CBN has approved the appointment of Alhaji M.K Ahmad as the new Chairman of the Board, and Tokunbo Abiru the new Group Managing Director and CEO.   Bayo Sanni, Idris Yakubu, Markie Idowu and Abimbola Izu…

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SEN. BEN MURRAY-BRUCE BUYS BEVERLY HILLS’ $5M PROPERTY WITH UNION BANK LOAN OF $5M- SAHARA REPORTERS Business News 

SEN. BEN MURRAY-BRUCE BUYS BEVERLY HILLS’ $5M PROPERTY WITH UNION BANK LOAN OF $5M- SAHARA REPORTERS

Just days after his prime business outfits in Lagos, Port Harcourt and Abuja were confiscated via a court order by the Asset Management Corporation of Nigeria (AMCON) on June 23, 2016, Sahara Reporters have released a report that Bayelsa state born businessman and Senator, Ben Murray-Bruce, may have diverted a Union Bank loan of 2007 for the purchase of a choice property, worth $5m in Beverly Hills, California, in the same year. According to the Online media, “Several banking sources in Nigeria told SaharaReporters that the N11 billion loan Mr….

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BANKER JAILED 39 YEARS FOR STEALING N30M FROM DEAD CUSTOMER Business News 

BANKER JAILED 39 YEARS FOR STEALING N30M FROM DEAD CUSTOMER

  THE PUNCH A Lagos State High Court on Thursday sentenced a banker, Mr. Olawale Garuba, to 39 years imprisonment for stealing from the dead. He will, however, spend only three years in jail. The convict was arraigned before Justice Oluwatoyin Ipaye alongside six others in July 2015 for conspiring to steal over N30m from the bank account of a deceased customer of a bank where the convict works. The fraud was uncovered by the bank when they discovered that some of their employees, including the convict had connived with…

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PASTOR DOCKED FOR CLONING BANK MANAGER’S CHEQUE Business News 

PASTOR DOCKED FOR CLONING BANK MANAGER’S CHEQUE

The police have accused a 63-year-old self-acclaimed clergyman, Samuel Bonny, of cloning an Access Bank manager’s cheque worth N5 million. Bonny, whose address was not given, was docked yesterday before Mrs S. K. Matepo of an Igbosere Magistrates’ Court, Lagos, on a three-count charge bordering on conspiracy, fraud and forgery. Prosecuting Sergeant Nicholas Akpene told the court that the defendant and others at large  committed the alleged offences on April 26, at 2:00 pm, at Access Bank PLC headquarters, Lagos. He alleged that the defendant attempted to defraud Access Bank…

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MORE TROUBLES FOR SARAKI AS PREMIUM TIMES UNCOVERS DESTROYED GTBANK DOCUMENTS THAT SHOW HOW HE TRANSFERRED $3 MILLION TO U.S. Business News 

MORE TROUBLES FOR SARAKI AS PREMIUM TIMES UNCOVERS DESTROYED GTBANK DOCUMENTS THAT SHOW HOW HE TRANSFERRED $3 MILLION TO U.S.

  It is said that when the gods are against a man, nothing on his path seems right. If you doubt the statement of old, ask the President of the Nigeria Senate, Bukola Saraki. Read Premium Times report that could make his days with courts more cinematic: “The embattled Senate President transferred a total of $3.47 million in 40 installments in four years with his credit card to the United States, a document obtained by PREMIUM TIMES revealed. He carried out the transactions through Guarantee Trust Bank between 2009, when…

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ECOBANK REPOSITIONS FOR IMPROVED EFFICIENCY Business News 

ECOBANK REPOSITIONS FOR IMPROVED EFFICIENCY

Indications have emerged that the recent re-alignment that affected some senior staff at Ecobank Nigeria was in furtherance of a market repositioning exercise designed to strengthen the bank’s business across all markets where it operates. Market feelers indicate that for a banking group that grossed over N315 billion in revenue and over N78billion in pre-tax profit in the third quarter of 2015, the Ecobank Group is on a growth trajectory. As at today, Ecobank remains one of Nigeria’s strongest financial institutions. An industry analyst opined that the Bank appears to…

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ECO BANK SACKS STAFF, 40 BIG SHOTS, OTHERS TO BE AFFECTED Business News 

ECO BANK SACKS STAFF, 40 BIG SHOTS, OTHERS TO BE AFFECTED

The fear of been sack has permeated the fabric of one of Nigeria’s leading banking institution, Eco Bank Nigeria Plc. This is as hundreds were shown the way out on Tuesday, with 40 top shots of the banking house affected. The reason for the mass purge may be connected to the biting economic hardship in Nigeria. Some of those sacked include Assistant General Manager, Deputy General Manager and above whose monthly salaries range between N1 million and N2 million. The affected top management staff of the bank were handed their…

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FIRSTBANK ACHIEVES 100MILLION E-BANKING TRANSACTIONS PER MONTH Business News 

FIRSTBANK ACHIEVES 100MILLION E-BANKING TRANSACTIONS PER MONTH

Nigeria’s leading retail and most valuable bank brand, FirstBank has been officially recognized as the first financial institution in the country to achieve a transaction volume of 100 million transactions in a month by Interswitch Transnational -Africa’s leading integrated payment and transaction processing company. This milestone feat was achieved in the month of December 2015 and represents the total transactions processed by FirstBank’s Front End Processor running on the Interswitch transaction switching platform which seamlessly links all financial institutions in Nigeria to facilitate better and quicker transactions across all platforms….

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Boko Haram: Nigeria borrows $2.1 bn from World Bank to rebuild North-East Business News 

Boko Haram: Nigeria borrows $2.1 bn from World Bank to rebuild North-East

President Muhammadu Buhari at the Blair House The Federal Government has obtained a $2.1 billion credit from the World Bank to rebuild the North-East zone devastated by the jihadist group, Boko Haram. President Muhammadu Buhari announced this in Washington DC, United States, Wednesday. Mr. Buhari is currently in the U.S. on a four-day official visit where he has discussed bilateral issues with President Barack Obama and other U.S. officials. Speaking after meeting with representatives of the World Bank and other donor agencies, Mr. Buhari hailed the decision to invest $2.1…

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