Intercontinental Bank Sacks 1,500 Workers – The Guardian
December 19, 2009 by tim · Comments Off
Barely a week to the Christmas, Intercontinental Bank Plc yesterday gave unusual gifts to 1,500 members of its staff: “Letter of disengagement from the bank.
The sack letters were served to the affected staff around 3 p.m. yesterday, changing the atmosphere in the financial institution’s banking hall throughout the country to that of shock and disbelief. Those affected were from the position of manager to executive banker level.
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.
Police Arrest Bank Official, Others Over Alleged N2.8m Fraud – The Guardian
November 28, 2009 by tim · Comments Off
An Operations Manager in a first generation bank in Minna, Niger State (names withheld) and a customer have been arrested for attempting to defraud a firm to the tune of N2.85m.
The manager, it was gathered, ordered the clearance of the cheque despite an alarm raised by the staff of the Suleja branch of the bank, which led to the withdrawal of the money from the company account.
Gunmen Kill Amaechi’s Aide – The Guardian
November 22, 2009 by tim · Comments Off
An aide to the Rivers State Governor and member of the State Public Procurement Bureau, Mr. Charles Nsiegbe, was, on Friday night, shot dead by unknown gunmen, who were dressed in police uniform.
Nsiege, who was a former lawmaker in the state, was said to be driving home in company of a male associate, when he was stopped by the gunmen who disguised as security personnel at Tombia Street Extension, new Government Reservation Area (GRA), Port Harcourt.
France, Akintola Williams, others mourn Ohu – The Guardian
September 25, 2009 by tim · Comments Off
To the slain Assistant News Editor of The Guardian , Mr. Bayo Ohu, who is being committed to earth today in his home-town, Ado-Awaye in Oyo State, it remains a torrent of tributes. Condolences have continued to pour in over the murder last Sunday of the 45-year-old journalist to the extent that it would not be an exaggeration to claim that heavens themselves are shedding tears.
Foreign Banks Reject Letters Of Credit From Nigeria – The Guardian
September 13, 2009 by tim · Comments Off
Answers to the lingering crisis in the nation’s banking sector are still far-fetched.
The forceful change of leadership in the embattled five banks and subsequent lowering of the country’s rating by the Standard and Poor’s have subjected even the healthy banks to intense credit crunch.
Ondo Assembly asks govt to withhold council funds – The Guardian
June 26, 2009 by tim · Comments Off
The Ondo State House of Assembly yesterday ordered the Federal Ministry of Finance to “henceforth, until the resolution of the crisis in Ondo councils, withhold all funds that should accrue to the coffers of the 18 local councils in this state.”
