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CBN Injects 786BN into former Skye Bank, Changes Name to Polaris Bank

September 21, 2018 Business 63

A new Bank, Polaris Bank has been licensed to assume ownership of the assets, all deposit liabilities and some other liabilities of Skye Bank. The CBN Governor, Godwin Emefiele announced that it has withdrawn…

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My Mandate Is To Deliver The Ecobank Brand Promise As Platform Of Choice In Nigeria – Akinwuntan

September 21, 2018 Business 60

The Managing Director, Ecobank Nigeria, Mr Patrick Akinwuntan has reaffirmed that his mandate in Nigeria is to grow the Ecobank brand by delivering it as a brand of choice. The bank Managing Director stated…

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Lancaster University Honours Valentine Ozigbo, MD/CEO Transcorp Hotels

September 21, 2018 Business 70

University Vice Chancellor – He Makes Alma Mater Proud The Managing Director/Chief Executive, Transcorp Hotels Plc, Mr. Valentine Ozigbo, was on Friday conferred the award of a Distinguished Alumni of the Lancaster University. The…

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CBN Injects 786BN into former Skye Bank, Changes Name to Polaris Bank

September 21, 2018 Business 62

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N1.7 billion ‘fraud’: You must face trial, judge tells First Nation MD

September 21, 2018 Business 58

First posted by the cable. Mojisola Dada, a judge of Ikeja special offences court, has ordered Kayode Odukoya, managing director of First Nation Airways, to face trial over alleged N1.7 billion theft charge proffered against…

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Italian judge jails two in Nigerian oil graft case

September 21, 2018 Business 85

An Italian judge sentenced two defendants in a Nigerian corruption case to jail on Thursday in the first ruling on one of the oil industry’s biggest graft scandals. Nigerian Emeka Obi and Italian Gianluca Di…

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EFCC Press Release: No Raid On Standard Chartered Bank – EFCC

September 21, 2018 Business 64

Following repeated media enquiries regarding a purported raid on the head office of the Standard Chartered Bank today September 14, by Operatives of the Economic and Financial Crimes Commission, EFCC, the Commission is constrained to…

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African Development Bank Debars GEO SCIENCES for 48 Months for Fraudulent Practices

September 21, 2018 Business 71

The Office of Integrity and Anti-Corruption of the African Development Bank found the company to have engaged in numerous fraudulent practices The African Development Bank Group on 20 September 2018, announces the debarment of GEO…

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Breaking: Police discover $470.5m belonging to NNPC’s Brass LNG hidden in banks

September 20, 2018 Business 74

The Nigerian Police Force announced today that it was able to trace $470.5million belonging to NNPC Brass LNG squirrelled away in some accounts in some commercial banks in Nigeria. Even more stunning, the police also…

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Coca-Cola to complete acquisition of Chi Limited by Q1 2019

September 20, 2018 Business 86

First posted by the cable. Peter Njonjo, president of Coca-Cola West Africa, says the company is looking to complete the acquisition of Chi Limited by the end of 2019 first quarter. Coca-Cola had acquired a…

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