Contrary to rumours spreading like wildfire, no staff of FirstBank was invited or arrested by the Economic and Financial Crimes Commission, EFCC. A statement by the bank’s management reads: “Our attention has been drawn to false news making the rounds that an order of arrest has been made against the MD of FirstBank whilst using the name and image of …
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Sterling Bank Plc has signed a partnership agreement with Credit Café Africa for the distribution of a credit facility template, insurance and other value-added services for existing and potential customers of the bank in the health and education sectors of the economy. Speaking at the signing ceremony of the Memorandum of Understanding (MoU) between Sterling Bank and the digital lending …
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In its bid to equip small and medium-scale enterprises (SMEs) in Enugu with adequate knowledge and skills to boost their businesses, Wema Bank Plc, Nigeria’s most innovative bank, is hosting its maiden Business Growth and Innovation Conference in Enugu, the Enugu State capital. The conference, being organized in partnership with the Enugu SME Center, the Enugu State Government’s SME development …
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Polaris Bank has announced plans to delight its existing and new customers this Valentine season with exciting rewards. The campaign is themed: Polaris Purple reward. According to the Bank, existing and prospective customers stand a chance to enjoy a reward of N5,000 worth of data in the Valentine campaign when they perform any of these transactions on VULTe: bill payment, …
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The Supreme Court on Wednesday suspended the February 10 deadline for the swap of old naira notes with new ones given by the Central Bank of Nigeria. The CBN had moved the deadline earlier set for the expiration of the legal tender status of the old notes from January 31 to February 10 after the CBN governor, Godwin Emefiele, met …
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Sterling Bank, a leading Nigerian commercial bank and Africa’s Most Agile Companyhas taken the courageous step of suspending transaction fees for all of its personalaccount holders as a sign of solidarity with them during these trying times. Abubakar Suleiman, the bank’s chief executive, announced in a personal email to customers. The message in the mail to Sterling’s clients read, “We …
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The Operations Manager of Guarantee Trust Bank (GTB) in Abuja Central Area was on Monday, February 6, 2023, arrested by operatives of the Economic and Financial Commission, EFCC for refusing to load the Automated Teller Machines, ATMs, of the bank despite having N29million of the redesigned Naira notes in the branch’s vaults. Before he was whisked away for further questioning, …
Continue ReadingOne of the monitoring teams of the Central Bank of Nigeria, has accused the branch of Sterling Bank in Ado Ekiti, the capital of Ekiti State of hoarding new Naira notes it had collected for almost two weeks, claiming that their automated teller machines were not yet configured. In a trending video on Sunday, a deputy director of the CBN, …
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First City Monument Bank (FCMB) has been identified as one of the banks sabataging the new naira notes policy of the Central Bank of Nigeria, CBN, subjecting Nigerians to undue hard times. ICPC Compliance Team in Oshogbo has busted an FCMB in Osogbo, Osun State where some ATMs were loaded with cash with their wrappers un-removed, thus preventing the cash …
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ICPC has arrested an official of one of the commercial banks for alleged sabotage. The bank official, who is the Branch Service Head of Stanbic IBTC Bank, Deidei Branch, Abuja, was taken into custody for her deliberate refusal to upload cash into the branch’s Automated Teller Machines (ATM) even when the cash was available, and people were queuing at the …
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