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Angry Customers Climb Gates To Enter Access Bank (Video)
A video in rapid circulation has shown the moment a Nigerian woman climbed the gate of a bank to get into the premises. In the viral video, the woman was spotted climbing the gate at Access bank just to gain entrance into the bank. After she succeeded in entering the bank, a lot of people … Read more
Contempt: Court Vacates Order Sentencing Fidelity Bank MD, Company Secretary To Prison
A Chief Magistrate Court sitting in Ikeja, Lagos has vacated its ruling that convicted and sentenced the Managing Director and Company Secretary of Fidelity Bank Plc to six weeks in prison or a fine of Four Hundred Thousand Naira respectively for contempt. Mr. Lateef Owolabi, the presiding Magistrate vacated the order in a Suit No: … Read more
Court Awards N10m Against Access Bank For Defamation
A high court sitting in Lagos has slammed 10 million Naira damaged against Access Bank Plc, for wrongfully publishing Ms Bukola Bakrin’s name on the Bank’s list of Delinquent Debtors. The debtors list was published in Thisday Newspaper of 18 June 2019 which was authored by Access Bank contained the names of various companies and … Read more
Access Bank Shuts Down Branch Over Scarcity Of New Naira Notes
Access Bank has shut down some of its branches in Lagos State due to scarcity of naira notes and fear of been attacked by angry customers, Legit Naija reports. This online news platform reports that pne of its branches located in the Akowonjo area of Lagos State has been on lockdown for the past two days and … Read more
N258m New Naira Notes Found Hidden in Sterling Bank Head Office
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has reported how Sterling Bank’s head office withheld about N258 million in new naira notes in Abuja. The ICPC said that the commercial bank had N258 million worth of new banknotes stashed in its vault, according to a statement on Tuesday. “Operatives of the ICPC, … Read more
Naira Scarcity Forces Zenith Bank To Shut Down Branches In Lagos
The currency scarcity has hit Zenith Bank, forcing it to close some of its branches across the country on Tuesday due to a lack of new naira notes that have caused attacks on its operations by desperate Nigerians in need of cash and looking to exchange their old currency for the newly redesigned banknotes. Globaltimesng reports … Read more
FCMB among banks hoarding new naira notes: ICPC
A manager of the First City Monument Bank (FCMB) branch in Osogbo, Osun State capital, has been arrested for allegedly preventing Automated Teller Machines (ATMs) loaded with cash from dispensing money to customers, Legitnaija reports. The spokesperson of the Independent Corrupt Practices and other related offenses Commission (ICPC), Azuka Ogugua, in a statement on Friday … Read more
Court Orders CBN to Freeze Polaris Bank’s Account Over N2b Judgement Debt
The Central Bank of Nigeria (CBN) has been ordered to freeze the account of Polaris Bank over a judgment debt of N2,162,561,509.84 reports omonaijablog.com.ng. An Ondo High Court gave the ganishee order, according to a report by TheNation. The order was made by Justice Adebusoye in an application filed by Ondo Attorney General and Commissioner … Read more
Court Sends Fidelity Bank MD, Onyeali-Ikpe, To Cool Off In Prison (See documents)
A Chief Magistrate Court at Ogba, Lagos on Monday morning sentenced the Managing Director of Fidelity Bank, Nneka Chinwe Onyeali-Ikpe to six weeks imprisonment over disobedience of a garnishee order of court restraining the bank from allowing a judgment debtor access to his account. Legitnaijanews reports that joined with the Managing Director to serve the … Read more
Man Slumps, Dies Inside First Bank While Waiting To Withdraw Cash [Photo]
A yet-to-be-identified man has slumped and died inside First Bank while waiting to withdraw cash. BrandSpur Nigeria reports that the man slumped and died at First Bank of Nigeria in Agbor, Delta State, southern Nigeria, after standing in a queue for several hours onThursday, February 2, 2023 The First bank customer was said to have slumped and died … Read more
Nigerians continue to suffer as Sterling Bank hoards N6m new naira notes [VIDEO]
Officials of the Central Bank of Nigeria (CBN) have discovered N6 million of the new naira notes hoarded in Sterling Bank Plc, Ado Ekiti branch on Bank Road, Ado Ekiti in Ekiti State, having received the funds for over two weeks, THE WITNESS reports. In a trending video on social media, seen by THE WITNESS, a man who identified … Read more
Access Bank Customer’s Accounts Under Threat As Retired Teachers Savings Vanishes From Bank
Pa Lawrence Aderemi Ariwodola, a retired teacher, has narrated how devastated he was as ₦150,984 left the Access Bank account he had been operating for years. Pa Ariwodola, living in Lagos State, explained to FIJ on Saturday that on October 28, 2022, he received a couple of debit alerts on his phone, which disturbed him … Read more
‘Thank God You’re Alive’, Zenith Bank Tells Customer Who Lost Over N4m to Strange Debits
‘Thank God You’re Alive’, Zenith Bank Tells Customer Who Lost Over N4m to Strange Debits Chiamaka Agim, a Lagos State resident and former Zenith Bank employee, has detailed how over N4 million strangely disappeared from her Zenith Bank account. In a video uploaded on her Twitter page on Tuesday, Agim shares her ordeal in tears. … Read more
UK Govt Fines GTBank $9.3m over money laundering
GTBank Slammed With $9.3m Fine Over Systemic Money Laundering Flaws The British subsidiary of Nigeria’s Guaranty Trust Bank (GT Bank) was fined £7.6 million ($9.3 million) by the United Kingdom’s financial watchdog, Financial Conduct Authority (FCA), for having a lax anti-money laundering system. According to Legitnaijanews, the FCA sanctioned GTBank and informed newsmen of it … Read more
2.16bn Debt: CBN To Freeze Polaris Bank
CBN Ordered To Freeze Polaris Bank Account The account of Polaris Bank has been ordered frozen by the Central Bank of Nigeria (CBN), the top bank in Nigeria, due to a judgement debt of N2.16 billion. According to Legitnaijanews, a high court in Akure, the capital of Ondo state, issued a garnishee order, one of … Read more
How N600k Disappeared From Customer’s Sterling Bank Account
N600,000 Mysteriously Disappears From Trader’s Sterling Bank Account When N600,000 vanished from a trader’s account, she became upset and caused a commotion at one of the Sterling Bank branches. The woman, whose identity was withheld, was shown in a video sighted by Legitnaijanews yelling angrily and demanding that her money be refunded. She bemoaned the fact … Read more
Union Bank: ‘100 bank workers employed 15 months ago still on probation’
Dauda Asemota (real name withheld), a Union Bank employee, was among the bank’s over 100 support staff across Nigeria who were converted to full time employees on September 6, 2021. However, this set of Union Bank staff has been on probation for 15 months as opposed to the standard six-month probation period. Asemota told FIJ … Read more
WEMA Bank Plc announces CEO Retirement, Appointment of new MD
Wema Bank Plc. hereby announces the retirement of its Managing Director/CEO, Ademola Adebise. He will be proceeding on terminal leave from January 2nd, 2023, after over 13 years of meritorious service on the Board of the Bank. He will be succeeded by Moruf Oseni, currently the Deputy Managing Director. Ademola Adebise was appointed as the … Read more
How top officials used First Bank accounts to loot N70trn
Report fingers top CBN and First Bank officials Court adjourns case till 6th of March 2023 Attorney-General of the Federation and Minister for Justice grows cold feet Honorable Justice Peter Odo Lifu of Federal High Court, Ikoyi, Lagos has adjourned till 6th of March 2023 the suit seeking for the Recovery and Forfeiture of over N70 trillion of … Read more
Union Bank Workers Hack Bank’s Database; Steal N1.4bn Belonging To Customers
The Economic and Financial Crimes Commission (EFCC) on Monday arraigned a former employee of Union Bank, Abdulmalik Salau, and two others for cybercrime and money laundering involving about N1.403 billion. The other accused persons are Ismaila Atumeyi and Ngene Dominic. EFCC announced the arrest of the defendants in November. The anti-graft agency’s spokesperson, Wilson Uwujaren, said in … Read more
‘Why We Are Delivering Value And Growing our Numbers’ – Wema Bank MD/CEO, Adebise
The Managing Director/CEO of Wema Bank Plc, Mr. Ademola Adebise, has explained the facts behind the bank’s growing numbers during the half year ended June 30, 2022. Wema Bank recently released its second quarter unaudited financial result for the period ended June 30, 2022, showing a 50 percent increase in its Gross Earnings from N39.82 … Read more
Wema Bank debunks cheque forgery allegation
The attention of Management of WEMA BANK PLC has been drawn to the trending news in the media to the effect that a Magistrate’s Court in the Federal Capital Territory (FCT), Abuja, had issued a warrant for the arrest of our Managing Director, MR. ADEMOLA ADEBISE, in connection with a Garnishee proceeding for the payment … Read more
How Wema Bank Top Officials Used Redeemed Church Pastor’s Account For N1.7billion Money Laundering, Fraud
According to an exclusive report by SaharaReporters, between January 28 and July 18, 2021, some top management staff members of Wema Bank Plc fraudulently moved N1.7 billion to account number 0122367964, domiciled in the financial institution and operated by one Isaac Adewole, a pastor of the Redeemed Christian Church of God (RCCG), documents seen by … Read more
EFCC Grills Sterling Bank CEO Abubakar Suleiman Over N20bn ‘Kogi Fund’
Sterling Bank CEO, Abubakar Suleiman EFCC has grilled Sterling Bank CEO, Abubakar Suleiman and two other top officials of the bank over the controversial ‘hidden’ N20 billion said to allegedly belonging to the Kogi State government. Legitnaija reported that the federal anti-graft agency, in August 2021, said that it had credible intelligence that funds suspected to … Read more
Zenith, FCMB, Others Publish Names, BVNs And Account Numbers of Forex Defaulters
Zenith, FCMB, Others Publish Names, BVNs And Account Numbers of Forex Defaulters Zenith, FCMB, and some other Nigerian banks have published the names, Bank Verification Numbers (BVN), and account numbers of customers who have accessed foreign exchange under false pretense and failed to return it. This development is coming after the Central Bank of Nigeria … Read more
IT Expert Sure GTB Is Complicit in Fraudulent Deduction of N25,000 From His Account
On January 19, Olawale Ashafa, an internet technology expert resident in Ogun State, woke up to charge his phone, but saw debit alerts. He said he had received N30,000 in his Guaranty Trust Bank (GTB) account the previous night, and had N29,000 in his account after N1,000 charges was deducted. “As soon as my phone … Read more
Medview Airline MD in EFCC net over Hajj Fund ‘Scam’
Medview Airline MD, Muneer Bankole, The Economic and Financial Crimes Commission (EFCC) has detained the Managing Director of Medview Airline, Mr. Muneer Bankole, over alleged diversion of Hajj funds, Globaltimesng understands. Bankole, who arrived at the EFCC headquarters in Abuja at about 11am on Monday was immediately questioned by the operatives of the commission. An … Read more
Down down down!!! Wema Bank liquidity crisis worsens; shareholders panic
Wema Bank, one of Nigeria’s troubled lenders is battling heavy liquidity crisis despite distraction with the Davido ambassadorship curve. Wema Bank may have a serious challenge withstanding the shocks Nigeria’s fragile economy might throw up as it is currently struggling with a liquidity squeeze. It was gathered that the third-quarter financial result of the bank … Read more