Tuesday, January 18

Tag: First Bank

Reports of Otedola takeover untrue – First Bank
Business

Reports of Otedola takeover untrue – First Bank

First Bank of Nigeria has denied claims by some online media on Friday that a Nigerian business mogul, Femi Otedola has acquired majority stake in the bank. But in a statement obtained by a source from the Nigerian Exchange Limited (NGX) and signed by the FBN Holdings secretary, Seye Kosoko the bank is yet to receive any notification from the individual mentioned on such acquisition. The bank noted that it operates in a regulated environment which required notifications of significant shareholding by shareholders to the company where shares are held in different vehicles. Adding that the bank will always notify the appropriate agencies and authorities whenever it receives any notice of significant shareholding by the shareholder and the company registrars. “The attention of FB...
First Bank ex-staff bags 98 years jail term for stealing N49.3m, $368,000
Crime

First Bank ex-staff bags 98 years jail term for stealing N49.3m, $368,000

Oreoluwa Adesakin, a former staff of First Bank, has been handed 98 years jail term by Justice Muniru Olagunju of the Oyo State High Court. Adesakin was found to have committed fraud against her employers to the tune of N49,320,652, and additional $368,203. The convict was prosecuted by the Ibadan Zonal Office of the Economic and Financial Crimes Commission (EFCC) on 14-count charges, bordering on stealing, forgery and fraudulent accounting. One of the charges read: “That you Oreoluwa Adesakin, sometime between the months of May 2013 and November 2013, at Ibadan within the Ibadan Judicial Division, whilst being a staff of First Bank Plc stole the sum of N25,974,116 from First Bank Plc MoneyGram Payment Naira Account.” Adesakin pleaded not guilty to all the charges. Pros...
COVID-19: Buhari appreciates cash donations from Alakija, Offor, Tinubu others
News

COVID-19: Buhari appreciates cash donations from Alakija, Offor, Tinubu others

President Muhammadu Buhari has expressed his heartfelt appreciation to the benevolence of good spirited individuals and corporate organizations that have made donations towards the ongoing efforts to curb the spread of COVID-19 in the country. The President in a statement issued by his Senior Special Assistant on Media and Publicity, Mallam Garba Shehu in Abuja on Monday, said he acknowledged, with deep appreciation, the kind gesture of captains of industry, corporate entities, artistes and individuals who have consistently supported ongoing efforts to alleviate COVID-19 pandemic, which is ravaging the global economy. More so, President Buhari thanked a group of oil companies, who partnered with the Nigerian National Petroleum Cooperation (NNPC) to donate $30 million. PMB also ap...