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Pan-African financial institution, United Bank for Africa (UBA) Plc, went home with two highly coveted recognitions at BusinessDay’s Bank and other Financial Institutions Awards (BAFI). UBA won both the Bank of the Year and the International Bank of the Year at the upscale ceremony which took place at the weekend in Lagos, Nigeria. The frontline…
November 30, 2020
Justice T. B. Adegoke of the Federal High Court sitting in Asaba, Delta State on November 30, 2020 sentenced Mr Onus Osagie Amahian, a former staff of Access Bank, to five years imprisonment for fraud. Mr Amahian was prosecuted by the Benin Zonal Office of the Economic and Financial Crimes Commission, EFCC, on a 25-count charge bordering…
November 30, 2020
In a dramatic move that would have telling effects on forex transactions, the Central Bank of Nigeria (CBN) has outlawed transfer of foreign exchange (forex) from one customer to another or what is conventionally known as customer-to-customer transfer. Also, the CBN similarly prohibited forex cash lodgements into domiciliary accounts by a second party as it…
November 16, 2020
Integrity and reputational issues have been raised as a former manager of Heritage Bank , one of Nigeria’s commercial banks faces trial for alleged fraudulent diversion of customers funds to personal use. This follows as Fidel Omeje, an erstwhile manager of Heritage Bank’s Onitsha main market branch in Anambra State, was on Thursday hauled before…
October 9, 2020
By Kate Kelly Last November, Urs Rohner, the chairman of the board of Credit Suisse, had a party at a Zurich restaurant to celebrate his 60th birthday. Among the scores of friends, family and business associates who gathered, attendees say, there was a single Black guest: Tidjane Thiam, the bank’s chief executive. The festivities had a…
October 4, 2020
Sterling Bank Plc. has obtained Central Bank of Nigeria’s approval in principle to restructure as a holding company. The bank’s Chief Executive Officer, Mr Abubakar Suleiman, disclosed this in a statement posted on the Nigerian Stock Exchange's website. Suleiman said the bank’s desire to operate as a holding company was driven by its plan to…
September 29, 2020
Prosecution Witness: How Due Process Was Breached By Hamilton Nwosa(Head, The New Diplomat's Polling, Research and data desk) A Prosecution Witness in an on-going trial of a former Minister of Special Duties and Inter-governmental Affairs under the administration of former President Goodluck Jonathan, Alhaji Kabiru Tanimu Turaki, over an alleged fraudulent diversion of N714.6m to…
September 25, 2020
The national body of the All Progressives Congress (APC) has nullified all the suspensions and counter suspension among members of the Ekiti state chapter of the party. The New Diplomat had reported that a faction loyal to Governor Kayode Fayemi, had announced the suspension of 12 members of the party, including Senator Babafemi Ojudu, Special Adviser…
September 25, 2020
By Gbenga Abulude (Politics and General desk) The proposed nationwide industrial action by the Nigeria Labour Congress (NLC) and the Trade Union of Nigeria (TUC) received the support of of Banks and other financial institutions Wednesday, as the National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) has threatened to join the strike. NUBIFIE…
September 23, 2020
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Pan-African financial institution, United Bank for Africa (UBA) Plc, went home with two highly coveted recognitions at BusinessDay’s Bank and other Financial Institutions Awards (BAFI). UBA won both the Bank of the Year and the International Bank of the Year at the upscale ceremony which took place at the weekend in Lagos, Nigeria. The frontline…
November 30, 2020
Justice T. B. Adegoke of the Federal High Court sitting in Asaba, Delta State on November 30, 2020 sentenced Mr Onus Osagie Amahian, a former staff of Access Bank, to five years imprisonment for fraud. Mr Amahian was prosecuted by the Benin Zonal Office of the Economic and Financial Crimes Commission, EFCC, on a 25-count charge bordering…
November 30, 2020
In a dramatic move that would have telling effects on forex transactions, the Central Bank of Nigeria (CBN) has outlawed transfer of foreign exchange (forex) from one customer to another or what is conventionally known as customer-to-customer transfer. Also, the CBN similarly prohibited forex cash lodgements into domiciliary accounts by a second party as it…
November 16, 2020
Integrity and reputational issues have been raised as a former manager of Heritage Bank , one of Nigeria’s commercial banks faces trial for alleged fraudulent diversion of customers funds to personal use. This follows as Fidel Omeje, an erstwhile manager of Heritage Bank’s Onitsha main market branch in Anambra State, was on Thursday hauled before…
October 9, 2020
By Kate Kelly Last November, Urs Rohner, the chairman of the board of Credit Suisse, had a party at a Zurich restaurant to celebrate his 60th birthday. Among the scores of friends, family and business associates who gathered, attendees say, there was a single Black guest: Tidjane Thiam, the bank’s chief executive. The festivities had a…
October 4, 2020
Sterling Bank Plc. has obtained Central Bank of Nigeria’s approval in principle to restructure as a holding company. The bank’s Chief Executive Officer, Mr Abubakar Suleiman, disclosed this in a statement posted on the Nigerian Stock Exchange's website. Suleiman said the bank’s desire to operate as a holding company was driven by its plan to…
September 29, 2020
Prosecution Witness: How Due Process Was Breached By Hamilton Nwosa(Head, The New Diplomat's Polling, Research and data desk) A Prosecution Witness in an on-going trial of a former Minister of Special Duties and Inter-governmental Affairs under the administration of former President Goodluck Jonathan, Alhaji Kabiru Tanimu Turaki, over an alleged fraudulent diversion of N714.6m to…
September 25, 2020
The national body of the All Progressives Congress (APC) has nullified all the suspensions and counter suspension among members of the Ekiti state chapter of the party. The New Diplomat had reported that a faction loyal to Governor Kayode Fayemi, had announced the suspension of 12 members of the party, including Senator Babafemi Ojudu, Special Adviser…
September 25, 2020
By Gbenga Abulude (Politics and General desk) The proposed nationwide industrial action by the Nigeria Labour Congress (NLC) and the Trade Union of Nigeria (TUC) received the support of of Banks and other financial institutions Wednesday, as the National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) has threatened to join the strike. NUBIFIE…
September 23, 2020
