Recovered Vehicles Auctioned To Presidential Villa, Ministries – Magu

magu

The suspended acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, said some of the vehicles recovered by the EFCC were auctioned to the Presidential Villa, the Ministry of Humanitarian Affairs, Disaster Management, and Social Development as well as the Federal Inland Revenue Services and other agencies. He further stated that some of these agencies had not paid for the vehicles but there was an arrangement that the money would be deducted from their financial allocation. Magu, in a letter, addressed to the Justice Ayo Salami-led panel…

Read More

Ethiopian Airlines Evacuates 324 Nigerians From United States

Ethopian Airline

The Nigerian Government has evacuated 324 Nigerians stranded in the United States due to the COVID-19 pandemic using Ethiopian Airlines. This was made known in a statement signed by the Ethiopian Airlines, Traffic and Sales Manager, Abuja, Tilahun Tadesse The Traffic and Sales Manager stated that since the pandemic started with lockdowns all over the world Ethiopian Airlines has been at the forefront of evacuating nationals of different countries back home. According to the airline, this Flight ET 509 from America will be another in a series of evacuations done…

Read More

Heritage Bank Upgrades HB ‘Padie’ Mobile App For Easy Access To Services

Heritage Bank rewards customers for pledge rendition

Heritage Bank plc, Nigeria’s most innovative banking service provider has upgraded its HB ‘Padie’ mobile application to HB ‘Padie’ 2.0, which comes with new improved features for convenient, quick, secure, and affordable ways for seamless 24/7 banking transaction. The HB ‘Padie’ 2.0 app has been redesigned and relaunched with new improved multi-functional features and game-changing innovation that leverages customers to ease accessibility to funds and improve the standard of living. This is poised to enable customers’ card management in connecting all bank accounts with their Debit Card details or account…

Read More

Herbalist Pays Teenager N3,000 For Killing Six Persons

Herbalist

The teenage-hired killer, Sunday Shodipe (middle), and the herbalist paymaster Adedokun Yinusa (right). – Photo credit Oyoaffairs.net Sunday Shodipe, one of the three suspects linked with serial killings in Akinyele area of Ibadan said he got N3,000(less than $8) and food for all the six persons he murdered. No fewer than five persons were raped and murdered in Akinyele Local Government Area of Ibadan in the month of June alone. The 19-year old suspect, Shodipe was among the 19 suspects paraded on Friday by Oyo State Commissioner of Police, Nwachukwu…

Read More

CBN Retained MPR At 12.5%, Held All Rates Constant

CBN Clarifies the ‘Ultimate Supplier of product’ clause in destination payments

The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 12.5%. It also held the cash reserve ratio (CRR) at 27.5%, liquidity ratio at 30%, and asymmetric corridor around the MPR at +200/-500 basis points. This decision of the MPC was disclosed by Godwin Emefiele, the CBN Governor while reading the communique at the end of the MPC meeting on Monday. Emefiele explained that eight members of the committee voted in favour of holding the MPR, while two members wanted it…

Read More

Access Bank Completes The Acquisition Of Kenyan Transnational Bank

Access Bank boost Q3 2020 bottom-line profit by 16% on Gains on Financial Instruments, Fees

Access Bank Plc, today announced the completion of the acquisition of Transnational Bank (Kenya) Limited, a Kenyan based financial institution. Nigerian Banker reported that Access Bank has acquired Transnational Bank (Kenya) Limited after the Nigerian tier 1 lender announced in January. that it has secured regulatory approval to acquire the Kenya lender. In a release today by Access Bank Plc, the bank said it has complete the acquisition of Transnational Bank (Kenya) Plc after it received the full regulatory approval and fulfilled all conditions precedent to completion of the process. According to…

Read More

Fidelity Bank Make Board Changes, Appoints Mrs. Nneka Onyeali -Ikpe As MD/CEO Designate

Nneka Onyeali -Ikpe

Fidelity Bank Plc, Nigeria’s tier-2 lender has announced the retirement of its MD/CEO, Nnamdi Okonkwo from the Board of the bank and the appointment of Nneka Oyeali-Ikpe as his replacement on the Bank’s Board as new MD/CEO. The bank made the announcement in a release today, stating that the appointment of the new CEO takes effect from December 31, 2020, when the contract tenure of the current CEO expires. The banks release states that “In compliance with the succession policy of the Bank, the Board has approved the appointment of Mrs. Nneka…

Read More

Late Combatant Tolulope: My Last Moment With Mt Daughter… Father

Flying Officer Arotile

The father of the first female Helicopter combatant pilot who died a few days ago has spoken on the anguishing effect of her daughter’s death From day one, she had not just been brilliant, but wonderful. I was in Kaduna then, she did all her educational career; from kindergarten to the nursery, at the Air Force base and the Nigeria Defence Academy (NDA) Kaduna. One day, when she was very small, she pointed to one small aircraft packed on the field and said: “Dad, one day I am going to…

Read More

Hon Zainab Ginab Breaks Record On Constituency Empowerment

Hon. Zainab Gimba

This is Hon. Zainab Gimba (Ph.D.), Borno House of Reps Member, empowers her constituents with 118 Vehicles, 200 tricycles, 800 sewing machines, 400 grinding machines, 492 water pumps worth millions of Naira.  Hon. Dr. Zainab Gimba Member Representing Bama, Ngala, Kala-Balge Federal Constituency been the first woman Rep. to give her people this height of Empowerment, the Constituency Empowerment Schemes was done in Maiduguri in the presence of Governor Umara Zulum min, FNSE, the Executive Governor of Borno, Deputy Governor, APC State Chairman, National, and State Assembly Members, Royal fathers,…

Read More