Business & Finance
Ex-NNPC CFO, Umar Isa Ajiya, indicted in ‘suspicious’ N3.4bn payments
Umar Isa Ajiya, former Chief Financial Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), has been indicted for…
Audit uncovers over N61bn payment breaches in NNPC
The Office of the Auditor-General for the Federation has uncovered 28 major financial irregularities linked to the Nigerian National Petroleum…
CBN warns Nigerians over Zuldal Microfinance Bank operations
The Central Bank of Nigeria (CBN) has disowned Zuldal Microfinance Bank (MFB) Limited, declaring that the institution is operating illegally…
Massive system breakdown hits Providus Bank, customer loses N482.7m
Providus Bank has been thrown into financial and legal turmoil after a system glitch led to unauthorised transfers totaling N482,702,750 from…
How Seplat’s ex-chairman Ambrosie Orjiako fraudulently hid assets over $220.3m Access Bank debt
A British Virgin Islands (BVI) court has ruled that Ambrosie Orjiako, a former chairman and co-founder of Seplat Energy Plc, fraudulently concealed assets…
NORD Motors Boss, Oluwatobi Ajayi Accuses Stanbic IBTC Of Unauthorised N700 Million Debit
Founder and Chief Executive Officer of Nigerian auto manufacturer Nord Automobiles, Oluwatobi Ajayi, has accused Stanbic IBTC Bank of unilaterally debiting N700 million…
Parallex Bank sued over alleged withholding of €7.3m shipping documents
FHT Mega Express Limited, a Lagos-based equipment, machinery, and logistics company, has dragged Parallex Bank Limited before the Lagos State…
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