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Sanusi Hits Banks Again
Governor of the Central Bank of Nigeria, Mr. Sanusi Lamido Sanusi, on Friday, in Asaba, described most Nigerian banks as gambling centres. Sanusi also described the Nigerian stock market as a casino, where fraudulent business transactions are perpetuated...
Banks to Sack 21,000 Workers
There is a fresh tsunami sweeping through the banking industry. It is called retrenchment of workers. Already, over 20,000 jobs are being threatened with Oceanic Bank Plc sacking 1,500 workers yesterday, in an exercise the bank said was ongoing. This...
Fidelity Bank Job Vacancies: Management Trainee Jobs
Fidelity Bank Plc began operations in 1988, as a merchant bank. In 1999, it converted to commercial banking and then became a universal bank in February 2001. The current enlarged Fidelity Bank is a result of the merger with the former FSB International...
EFCC Keeps 10% of Billion Recovered From Debtors
The EFCC, which energetically jumped into the banking crisis and whose chairman moved over 100 agents to Lagos at the height of the financial sector meltdown,is collecting 10 percent of all the monies recovered from debtors on behalf of banks, according...
Banks: EFCC hires 10 forensic experts to trace N1trillion looted funds
The Economic and Financial Crimes Commission, EFCC, has hired 10 forensic analysts to trace the whereabouts of about N1trillion looted by sacked Chief Executive Officers and directors of eight banks. The analysts, who are already in the country,...
Bank PHB’s ex-MD in fresh N14bn scam
THE sacked Managing Director of Bank PHB, Mr. Francis Atuche, is in for more troubles as the Economic and Financial Crimes Commission (EFCC) discovered another N14 billion fraud allegedly perpetrated by him. According to EFCC investigation, the...
CBN Moves to Return ETB to Mike Adenuga
The Central Bank of Nigeria (CBN) is set to return Dr. Mike Adenuga Jr. to the Board of the Equitorial Trust Bank (ETB), THISDAY has learnt.The newspaper was informed that the CBN Governor, Mallam Sanusi Lamido Sanusi, was inclined to return Adenuga...
FG seeks investors for 8 troubled banks
THE Federal Government has started an earnest search for investors to purchase the eight troubled banks whose chief executives were sacked by the Central Bank after an audit of the banks. Meanwhile, the Central Bank, yesterday, dismissed allegation...
CBN fires Adenuga and three bank CEOs
The Central Bank of Nigeria, on Friday, fired the chief executive officers of three of the 14 remaining banks at the conclusion of stress audits of their operations. Like the first five banks whose chief executives were fired in the first round...
