Anchor Nigeria Activates Brand in Akure Ondo State
March 5, 2010 by Bunmi Awolusi · Comments
It was a mind blowing event last 18th of February 2010 as Anchor Insurance Company Limited activated the Anchor Brand in Akure, the Ondo state capital. This brand awareness was meant to establish a lasting relationship between Anchor insurance company and the Ondo State insurance market. The Brand also aim at selling the benefits of insurance to the people of Ondo state and also to make them see why they should do business with the Anchor brand.
Stay off Troubled Banks, Labour Warns Investors – Thisday
December 23, 2009 by tim · Comments Off
Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) has warned local and foreign investors who have indicated interest in acquiring the rescued banks to halt further negotiations with the Central Bank of Nigeria (CBN) in order to avert an industrial crisis.
Oceanic Bank sacks 1,500 workers – The Guardian
December 22, 2009 by tim · Comments Off
The gale of retrenchment in Nigeria’s banking industry swept away 1,500 jobs at Oceanic International Bank Plc yesterday
The development is coming on the heels of a similar level of job losses at Intercontinental Bank Plc at the weekend.
Banks yet to remit N84.05b pension assets – The nation
December 21, 2009 by tim · Comments Off
The National Pension Commission (Pencom), has said that banks were yet to transfer legacy pension assets worth N84.05 billion to licensed operators.
Bank Crisis: How CBN Directive, CEOs’ Scheming Propel Mass Sack – The Guardian
November 29, 2009 by tim · Comments Off
Federal Government’s directive to the Central Bank of Nigeria (CBN) to stem the wave of mass sack in banks, a contrary order by the apex bank’s management is brewing trouble in most of the financial institutions.
Akingbola, ex-directors in fresh trouble over N50b loans, bonuses – The Nation
November 29, 2009 by tim · Comments Off
The ex-Executive Vice-Chairman of Intercontinental Bank, Mr. Erastus Akingbola, and five directors are in fresh trouble following new discovery of about N50billion worth of strange bonuses and loans.
It was also learnt that judges’ vacation is delaying the extradition of Akingbola.
CBN ‘ll rid banks of criminals – Sanusi – Vanguard
November 9, 2009 by Bunmi Awolusi · Comments Off
Governor of the Central Bank, CBN, Mr. Lamido Sanusi, has vowed that there will be no respite for banks on corporate governance, insisting that this will help rid the industry of criminals.
Meantime, the Economic and Financial Crimes Commission (EFCC) will, today, file a 20-count charge against the former Managing Director of Intercontinental Bank Plc, Mr Erastus Akingbola, in a Federal High Court in Lagos, with a view to extraditing him from Britain.
Sovereign Trust Nigeria Pays N311 Million as Claims
September 5, 2009 by Bunmi Awolusi · Comments
Wale Onaolapo, MD Sovereign Trust Insurance Nigeria ----
Sovereign Trust Insurance Plc has again shown avowed commitment to claims settlement. The underwriting firm recently released its second quarter claims record detailing total claims paid between January and June 2009. In the published statement, the claims figures revealed that the sum of N311, 062,980 (Three hundred and eleven million, sixty two thousand, nine hundred and eighty naira only) had been paid in the period under review. Read more
