Court summons Malami, Magu, Emefiele, others to testify in Maina’s trial

The Federal High Court, Abuja, has issued a subpoena compelling Abubakar Malami, the Attorney-General of the Federation (AGF) and Ibrahim Magu, former acting Chairman, EFCC . They are to testify in the ongoing case against Abdulrasheed Maina,Chairman, defunct Pension Reform Task Team (PRTT). The subpoena, signed on March 8 by the presiding judge, Okon Abang, also commanded the Governor of Central Bank of Nigeria (CBN), … Continue reading Court summons Malami, Magu, Emefiele, others to testify in Maina’s trial

Three bank CEOs quit NESG Board over stance on CBN’s economic interventions

CHIEF Executive Officers (CEOs) of three prominent banks have resigned their membership of the Nigerian Economic Summit Group (NESG) board. They resigned on Wednesday in protest against the NESG’s position against some of the measures taken by the Central Bank of Nigeria (CBN) to stabilise the financial system and fast-track economic recovery. The apex bank had also initiated a chain of policies to mitigate the … Continue reading Three bank CEOs quit NESG Board over stance on CBN’s economic interventions

NSE resumes September trading with N46bn growth

The Nigerian Stock Exchange (NSE) on Tuesday sustained positive trend to open trading for the month of September with a growth of N46 billion. Specifically, the market capitalisation which opened the month at N13.212 trillion appreciated by N46 billion to close at N13.258 trillion. In the same vein, the All-Share Index grew by 86.82 points or 0.34 per cent to close at 25,413.95 against 25,327.13 … Continue reading NSE resumes September trading with N46bn growth

UBA Leads $1.5bn Oil Sector Financing Deal

The United Bank for Africa Plc (UBA), a leading pan-African financial services group, has acted as the lead arranger of a consortium of Nigerian commercial and international banks in a $1.5 billion pre-export finance (PXF) facility for the Nigerian National Petroleum Corporation (NNPC) and its upstream subsidiary, the Nigerian Petroleum Development Company (NPDC). The bank is providing $200 million (N78 billion at I&E exchange rate … Continue reading UBA Leads $1.5bn Oil Sector Financing Deal

COVID-19: Sanwo-Olu Receives N1Billion Donation from UBA

…Gov Commends The Bank’s Initiative …Says Fund Will Assist Govt To Fight Spread Of Virus Lagos State Governor Mr. Babajide Sanwo-Olu has received a cheque for the sum of 1billion naira from the United Bank for Africa as part of the bank’s commitment to helping curb the devastating effects of the novel coronavirus (COVID-19) in the State. Presenting the cheque to Mr. Governor at the … Continue reading COVID-19: Sanwo-Olu Receives N1Billion Donation from UBA

COVID-19 : FG Publishes list of donors to the fight against the pandemic

The Federal Ministry of Finance has published the list of donors so far in the fight against the coronavirus pandemic. Pastor(Dr)Paul Enenche and United Bank for Africa have donated the highest so far with the sum of N2bn. This is outside the N11bn that NNPC donated recently. Continue reading COVID-19 : FG Publishes list of donors to the fight against the pandemic

Ex-Abia Governor Theodore Orji withdrew N500m monthly for Eight years aside other security expenses – EFCC

Almost five years after he vacated office, the Economic and Financial Crimes Commission (EFCC) is closing in on former governor of Abia State, Theodore Orji. Orji who served between 2007-2015, Sunday Sun learned, is currently under the radar of the anti-graft agency, which has allegedly traced billions of naira into bank accounts of his children. EFCC, acting on a comprehensive petition, dated March 17, 2017, and … Continue reading Ex-Abia Governor Theodore Orji withdrew N500m monthly for Eight years aside other security expenses – EFCC

Alleged pension scam: Faisal Maina withdrew N58m from UBA – Witness

An EFCC operative, Mohammed Goji, on Monday, revealed how Faisal Maina, son of Abdulrasheed Maina, former Pension Reform Task Team boss, withdrew N58 million from a United Bank for Africa (UBA) account. The News Agency of Nigeria (NAN) reports that Goji, who is a Principal Detective Superintendent with the anti-graft agency, is also the second prosecution witness (PW2) in the ongoing trial of Faisal. Goji, … Continue reading Alleged pension scam: Faisal Maina withdrew N58m from UBA – Witness

Buhari greets business leader,Umaru Abdul Mutallab at 80

President Muhammadu Buhari sends warm felicitations to Alhaji Umaru Abdul Mutallab, a renowned businessman and banking leader, who turned 80, joining all friends, family members, and associates to celebrate the landmark age. The President congratulates the former Minister of Economic Development, 1975, and Minister of Cooperatives and Supplies, 1976, for his active role in the structuring and operations of Nigeria’s financial hub, highlighting his contributions … Continue reading Buhari greets business leader,Umaru Abdul Mutallab at 80

Ekiti: Police arrest two bank officials over robbery

Two bank officials have been arrested by the Ekiti State Police Command over robbery incident in the UBA branch in Oye Ekiti, the headquarters of Oye Local Government Area, on Thursday. The old generation bank was attacked by a seven-man robbery gang around 3PM  in two utility vehicles through Ayede Ekiti with a policeman and a seven-year-old girl killed. The sum of N25m, hard currencies, … Continue reading Ekiti: Police arrest two bank officials over robbery