Sovereign Trust Insurance Nigeria Adopts Continous Manpower Development
March 4, 2010 by Bunmi Awolusi · Comments
Mr. Onaolapo, MD STI Nigeria
Sovereign Trust Insurance Plc has once again reiterated its uncompromising stance on Continuous Manpower development as the basis for sustainable operational efficiency and business profitability. The Management has identified this as the key critical factor for providing enhanced and seamless insurance service delivery to all policyholders under the stable of the organisation. Read more
Winner Emerges at Intercontinental Bank Nigeria Promo
December 1, 2009 by Bunmi Awolusi · Comments Off
For 28-year-old Olude Oluwasegun Akinola, a casual staff with the Ogun State branch of the Central Bank of Nigeria of Nigeria (CBN), Tuesday was a remarkable day in his life as he became a proud owner of Toyota Corolla car which he won in the Intercontinental Bank Plc 20th Anniversary reward promo.
Stakeholders Accuse CBN Of Wastage In Bank Reforms – The Guardian
October 31, 2009 by tim · Comments Off
As the reforms in the banking sector continue to generate more controversy, stakeholders in the industry have expressed concern over the manner in which the apex bank is driving its sanitisation of the banks, raising issues of enormous cost to the economy.
Shareholders Have Lost their Investments in Troubled Banks – Sanusi – Thisday
October 25, 2009 by tim · Comments Off
Shareholders of the eight banks recently taken over by the Central Bank of Nigeria have automatically lost their investments in the banks.
The CBN governor, Lamido Sanusi disclosed this yesterday in Lagos while speaking at a policy dialogue organised by the Nigerian Economic Summit Group.
First bank, UBA may face sanctions over N100b agric fund – The Guardian
October 22, 2009 by tim · Comments Off
A tripartute meeting of the Central Bank of Nigeria (CBN), Governors’ Forum and the Ministry of Agriculture and Natural Resources has agreed to descend heavily on First Bank Plc and the UBA Plc if, within 21 days, they do not begin to disburse the N100 billion agricultural intervention fund that has been with them for the past six months.
Court remands Atuche, Ojo in EFCC’s custody – The Vanguard
October 21, 2009 by tim · Comments Off
An Ikeja Chief Magistrate’s Court yesterday granted the Economic and Financial Crimes Commission (EFCC) leave to detain two managing directors and chief executive officers of Bank PHB and Spring banks in its custody pending when formal charges will be preferred against them.
Reps to probe CBN over sack of bank chiefs – The Guardian
October 21, 2009 by tim · Comments Off
The hurricane sweeping through the nation’s banking sector may linger more as the House of Representatives yesterday mandated a panel to carry out a thorough investigation of alleged corruption in the Central Bank of Nigeria (CBN) and the N620 billion bail-out provided by the apex bank for some of the banks with non-performing loans.
Doubts Over Integrity Of CBN Audit Persist – The Guardian
October 18, 2009 by tim · Comments Off
More than two weeks after the sanctioning of additional bank chief executives, the Central Bank of Nigeria (CBN) is yet to release the N200 billion package it promised the affected banks.
The apex bank, however, said yesterday that the money was not a bailout for the banks – Equitorial Trust Bank (ETB), Bank PHB, Wema Bank and Springbank.
EFCC arrests Bank PHB ex-CEO, serial debtor Ololo – The Nation
October 17, 2009 by tim · Comments Off
The Economic and Financial Crimes Commission (EFCC) yesterday arrested and detained the sacked Managing Director of Bank PHB, Mr. Francis Atuche, and the Managing Director of Falcon Securities, Mr. Peter Ololo.
EFCC recovers N115b from bank – The Nation
October 15, 2009 by tim · Comments Off
The Economic and Financial Crimes Commission (EFCC) has recovered N115billion from bank debtors, it was learnt yesterday.
Besides, the commission is making moves to extradite former Chief Executive and Executive Vice-Chairman of Intercontinental Bank, Mr. Erastus Akingbola, from the United Kingdom.
