The furore that followed the sack of Boards and Chief Executive Officers, CEOs, of five banks and subsequent release of highly controversial list of bad debtors of the banks by the Central Bank of Nigeria, CBN, took a new turn … read more
Leader of the Movement for the Emancipation of the Niger Delta (MEND), Mr. Henry Okah, flew into South Africa yesterday for medical treatment, THISDAY checks have revealed. Okah, first beneficiary of the federal government’s amnesty granted militants, regained his freedom … read more
Nigeria’s main militant group, Movement for the Emancipation of Niger delta (MEND) today said it will resume attacks against the oil industry on September 15, when its self-declared ceasefire expires. In an email statement to Thetimesofnigeria.com, MEND criticized the money-for-arms … read more
The Economic and Financial Crimes Commission, EFCC, has arrested two more bank executives in continuation of its inquisition into the affairs of the banks. The latest on the list of arrested persons are: John Waha, managing director, Afribank Securities Limited; … read more
THE arms turn-in by repentant militants in Bayelsa State, which started on Friday, reached its peak, yesterday, with the State Government, in conjunction with the Presidential Amnesty Committee, formally receiving and displaying arms surrendered by militants in a colorful ceremony. … read more
The recent sack of five Managing Directors of banks by the Central Bank of Nigeria (CBN) over the near collapse of their banks may have led to more trouble for top chiefs in the affected banks as the Metropolitan Police … read more
Anxiety still runs deep in the financial sector, as a fresh audit of the 24 banks begins on Tuesday, which may culminate in more sacks besides the five Managing Directors (MDs) who lost their jobs in the cleansing done by … read more
The Economic and Financial Crime Commission has frozen the bank accounts of the managing directors of the five banks sacked last week. The affected former MDs are Union Bank’s Bartholomew Ebong, FinBank’s Okey Nwosu, Afribank’s Sebastian Adigwe, Intercontinental Bank’s Erastus … read more
THE Federal Government amnesty deal yesterday received a boost as militants in Bayelsa State surrendered more than 300 rifles and two gunboats to the Presidential Amnesty Implementation Committee. Also in Rivers State, youths and elders in Akuku- Toru Local Council … read more
A senior Nigerian bank executive sacked by the central bank last week has asked a federal court to reinstate him and demanded 50 billion naira ($333 million) in damages, court papers showed on Friday. Nigeria’s central bank fired senior executives … read more