Policemen on Thursday sealed all branches of Zenith Bank in Owerri, the Imo State capital, rendering staff and customers of the bank stranded. Our correspondent who monitored the development saw policemen taking possession of the entrances to all the branches of the bank while staff and customers loitered around. The stern-looking cops said that they were implementing a court judgment ...

A Federal High Court in Abuja has ordered the interim forfeiture of a private university – NOK University, Kaduna, including every structure in it – allegedly acquired unlawfully by a former Director of Finance and Accounts at the Federal Ministry of Health, Anthony Hassan.   Some of the identified structures in the university include the Senate building, the ICT building, ...

The Federal High Court in Abuja has granted bail to a presidential aspirant and former governor of Imo State, Rochas Okorocha over an alleged N2.9 billion fraud.   He was granted bail on Tuesday by Justice Inyang Ekwo in the sum of N500 million and a surety in like sum.   Justice Inyang Ekwo gave the order while ruling on ...

  His Eminence Samuel Uche, the Prelate of the Methodist Church of Nigeria abducted by gunmen, on Tuesday said N100 million was paid as ransom before he was released.   Uche who spoke at a press conference in Lagos, said the monies were arranges in five sacks of N20 million.   He said the funds were raised by the Methodist ...

Peter Obi, a presidential aspirant on the platform of the Peoples Democratic Party (PDP) has dumped the main opposition party. The former Anambra governor made this known in a letter addressed to the national chairman of the PDP on Wednesday. More to come..

Wema Bank Plc, one of Nigeria’s struggling financial institutions is in the news again for the wrong reasons as some customers of the bank have accused the lender of conducting illegal banking practice in the country.   They said they discovered that the bank and its agents had allegedly been opening unauthorised accounts for customers with information or data in ...

In furtherance of its commitment to tackle Nigeria’s housing deficit, Landwey Investment Limited, Nigeria’s largest residential developer, has announced plans to deliver 1000 premium homes starting from the end of the second quarter of 2022.   Shola Bello, managing Director, LandWey, made this known in a chat with newsmen on Monday.   While speaking on the impact of the COVID-19 ...

Nigeria’s federal government has approved the appointment of Anamekwe Nwabuoku to oversee the office of the accountant-general of the federation (OAGF).   The appointment was announced in a statement issued on Sunday by Yunusa Abdullahi, spokesperson to Zainab Ahmed, the minister of finance.   Nwabuoku’s appointment comes following the suspension of N80 Ahmed Idris, the accountant general of the federation ...

…Businesswomen Drags Bank To Court, Demand N10million Damages   Three businesswomen and customers of Polaris Bank have dragged the bank before a Surulere Magistrate Court in Lagos over alleged unjustifiable freezing of their domiciliary and Naira accounts with the bank and subsequent illegal deductions on the said accounts amounting to about $30,769 (USD).    The applicants – Mrs. Adebomi Orogun, ...

The management of the Ladoke Akintola University of Technology (LAUTECH), Ogbomoso, Oyo State, has decided to pull out of the over 90 days old lingering industrial action embarked upon by the Academic Staff Union of Universities (ASUU).   The institution directed the staff and students to continue academic activities on Thursday, May 26, 2022.   This was announced in a ...