Tag: bank

  • Woman allegedly dupes microfinance bank of N1.5m

    Amiddle aged woman, Rosemary Izuakor, has been arraigned before a Yaba Magistrates’ Court, Lagos, for allegedly duping a Micro Finance Bank (Mfb) of N1.5 million.

    Izuakor, a resident of 15A, Aliwo Street, Dopemu, who was a loan beneficiary, is facing a three count-charge of obtaining under false pretence and stealing, to which she pleaded not guilty.

    Prosecuting Inspector Chris Takim, said the alleged offence was committed on October 22, last year. He said the defendant had applied for a loan at Susu Micro finance bank located at 34, Commercial Avenue, Sabo, Yaba.

    Takim said: “She provided forged documents indicating ownership of an unregistered Toyota Hummer SUV, with chassis 4t37f13921u322734, which she submitted as collateral.

    “Izuakor submitted to the bank forged documents indicating ownership of an unregistered SUV. The defendant took pictures of the car and presented them as hers along with other forged documents.

    “After submitting these documents, the bank granted her request and she collected N1.5 million from the bank

    “So, when she failed to pay back the loan as agreed, the bank moved to recover the SUV but discovered the defendant was not the genuine owner.”

    The alleged offence, Takim said, contravened Sections 278 (2) and 285 of the Criminal Laws of Lagos, 2011.

    She was granted bail in N500, 000 with two sureties each in like sum by Magistrate S.K. Matepo. The Magistrate adjourned the case to May 6 for mention.

    Similarly, a 57 year old woman was arraigned before Magistrate P.A. Ojo, of a Yaba Magistrates’ Court for allegedly stealing N1,175, 000 from two offices.

    Folake Philips, a resident of 12, Yeni Awosika close, Yaba, was alleged to have burgled two offices where she stole the said sum. She is facing a four count-charge of conspiracy, burglary and stealing, to which she pleaded not guilty.

    Prosecuting Assistant Superintendent of Police, Felix Ifijen, told the court that the offence was committed on March 26, at about 3:45pm, at 231, Herbert Macaulay Way, Yaba.

    Ifijen said: “The defendant employed thugs to break down the door of two offices belonging to Mr Mudashiru Sanusi and Mr Remi Oyewunmi, and stole N1, 175,000 from both offices.

    “She had broken the shops on ground that the property was her inheritance and she wanted to forcefully take ownership. The defendant removed the doors and burgled the offices taking away N1,175,000 in cash and a laptop valued at N150,000.”

    According to Ifijen, the alleged offence contravened Sections 285,307,328 and 409 of the Criminal Laws of Lagos, 2011.

    Ojo granted the accused bail in the sum of N500, 000 with two sureties each in like sum. He adjourned the case to May 15 for trial.

  • Skye Bank offers $500m loan to maritime sector

    Skye Bank Plc has granted facilities amounting to $500 million to operators in the maritime industry in recent times and has reaffirmed its commitment into funding projects in the subsector.

    The bank’s General Manager, Corporate Banking (Maritime and Aviation sector), Mr. Segun Opeke, explained that the loan was part of its commitment to the development of the maritime industry in the country.

    He said the amount represents money provided to indigenous ship owners and other stakeholders for the acquisition of ships and other critical work tools needed to strengthen operation o the sector.

    Speaking at a forum of maritime stakeholders, Opeke said the bank was prepared to expand its credit lines to the operators to further develop the industry.

    According to him, the bank was responsible for the provision of credit facilities to indigenous ship owners for the acquisition of an estimated 50 per cent of the entire fleet in the country.

     

     

     

     

     

  • Council, bank partner on climate change

    Council, bank partner on climate change

    First City Monument Bank (FCMB) has struck a partnership with Isolo Local Council Development Area (LCDA) to establish a culture of sustainable environment within the council area.

    The agreement, which is for a two-year period, will see FCMB supporting climate change initiatives of the council as it collaborates to remedy the depreciation of the environment from all forms of gas usage.

    To kick start effort aimed at promoting sustainable environment, a Climate Change Unit and Special Green Brigade were inaugurated on Monday, April 8 at the council secretariat along Osolo Way, Isolo.

    Already, the council in conjunction with FCMB, has recruited 25 special green brigade personnel who will be trained to monitor waste collection and disposal as well as ensuring there are greens where they should be. Speaking during the inauguration ceremony, the Executive Chairman of Isolo LCDA, Hon. Shamsudeen Abiodun Olaleye, expressed delight over the collaborative effort, stressing that FCMB has really lived up to its billing as a responsible corporate citizen that is mindful of the effect of climate change on the environment as well as the well-being of the people.

    “Climate change is a global problem and we are glad that FCMB has offered a helping hand in our quest at ensuring a sustainable environment in Isolo. They are indeed a responsible corporate citizen who really mean well for the people of Isolo,” says the council chief

    Olaleye explained that the inauguration of the Climate Change Unit and Special Green Brigade would facilitate the LCDA’s alignment with the global green movement.

    He added that the unit will be working towards emission reduction, with the initial priority on waste management and sanitation. The Special Green Brigade will also ensure that members of the public are adequately sensitised on environmental sanitation and waste management.

    Also speaking, the bank’s Executive Director, Mr. Olufemi Bakre, said “the immediate and further dangers posed by climate change are the basis upon which we are proud to partner with Isolo LCDA towards the realisation of the laudable objectives of establishing a Climate Change Unit and inaugurating a Special Green Brigade”.

    He further stated that the project would go a long way to adequately enlighten and educate the public on environmental and waste management issues so as to combat these problems.

     

    Also, as a demonstration of FCMB‘s commitment to these initiatives, staff of the bank, Isolo LCDA workforce, market men and women as well as community leaders defied the early morning rains to turn out en-mass the following day, 9th April 2013 to clean the popular Aswani Market and its environs.

    This cleaning up exercise is under the auspices of FCMB’s “Committed To Green” (C2G) initiative, which since 2009, has become another platform which First City Monument Bank uses to express its deep interest in environmental sustainability in all its hosts communities nationwide.

    In showing gratitude to the effort of the council’ s administration and FCMB, Iyaloja of Aswani market, Mrs. M.A Aderounmu, said that the project would go a long way in bringing sanity in terms of cleanliness and hygiene to the market and its environment.

    “On behalf of the marketers, I sincerely appreciated this effort by Hon. Olaleye and FCMB, for bringing this opportunity and making our market more hygienic”, she added.

     

     

  • Diamond Bank rewards young artists

    Diamond Bank rewards young artists

    These are as masterful as Picasso. I am not pretending that we are having geniuses here, but we are identifying some of them. In fact, I was fascinated by the kids’ works, their consciousness and interpretative skill.”

    Those were the words of Nobel laureate, Prof Wole Soyinka at the award and gala night for winners of this year’s Vision of The Child Painting Competition held at Oriental Hotel, Lagos.

    The painting competition, which is sponsored by Diamond Bank Plc, is one of the events of the annual Lagos Black Heritage Festival. The theme for the competition was One thousand faces of corruption and it featured 32 students drawn from Lagos State schools.

    Festival Consultant, Soyinka however urged parents to allow their children and wards to freely participate in the competition warning that any candidate whose parent bother the organisers on issues other than materials and venue of the competition, stands disqualified.

    Lagos State Commissioner for Tourism and Inter-Governmental Relations, Mr. Disun Holloway, said he felt sad when he saw how masterfully the kids captured the many faces of corruption in their paintings. He said as adults Nigerians should reflect on what the kids have painted of corruption. “We see value in things like this, and we thank Diamond Bank for keeping faith,” Holloway noted.

    Former Ondo State Commissioner for Culture and Tourism, Tola Wewe who led the team of jurists, said selecting the final six winners was not an easy task as almost all the entries were master pieces. He said he was not surprised at the technical proficiency of the kids adding that their art is from unpolluted minds.

    “But what baffled me is how they handled the theme. It shows that kids in Lagos are well informed about goings on- they paint about police, Boko Haram, Niger Delta and many more. To arrive at this stage, we first screened the entries down to the best 10, before picking the last six. And to do this, we considered the technicality, aesthetic quality, among others,” Wewe said.

    Other members of the jurists include Chief Nike Okundaye, a renowned artist, CEO of Nike Art Gallery and Mr Tunde Afolayan, a US-based renowned artist.

    Nine year-old Precious Tiamiyu of Legacy Preparatory School, Sha-Sha, won N250, 000 as the overall best winner, while 10 year-old Alli Bakare of Onitolo Community High School, Surulere won N200, 000 as second place winner, and Samuel Yomi Faseun, 12, of the Apostolic Faith Secondary School, Anthony Village, won N180,000 as third place winner.

    The fourth position went to Somtochukwu Okoli, 12, of Badagry Jnr Grammar School. He went home with N150,000, while Bolaji Olaniran,11, of Onitolo Community High School, Surulere N120,000 as fifth place winner. Twelve year-old Oluchukwu Nwaokorie of Reagan Memorial Baptist Girls School, Yaba won the sixth position and got N100,000. Apart from the cash prize, all the kids went home with a copy of Jimi Solanke’s book, Kindle and Kindle fire each, which is pre-loaded with books, games and applications for 8 to 12 year olds. These, according to the organisers, is to promote and cultivate reading culture that is practically non-existent in the lives of today’s Nigerian child, while the games are to stimulate the mind of a child and expand the depth of their curiosity and creativity. Also, Diamond Bank promised to open individual savings account for the 32 kids.

    Guests at the gala night were thrilled to musical performances by an up-coming female singer, Jemiriye and Olumide who presented some of their popular songs. Among guests that attended the award ceremony included Erelu Dosumu, Chief Yemi Ogunbiyi, Mr Femi Falana (SAN), Executive Director, Diamond Bank, Carolina Anyanwu, Mrs Eliza Larkin Nascimento and the MD/CEO, WaveTek Nig Ltd, Mr Ken Spann.

     

  • Bank wins Oil & Gas  award

    Bank wins Oil & Gas award

    The Project Finance Magazine, a publication of the Euromoney Plc, UK has adjudged Fidelity Bank Plc the winner of The African Oil & Gas Deal of the Year 2012. The bank said in a statement that the award recognises achievement and excellence in getting projects built, bought or refinanced.

    Fidelity alongside GTBank, Diamond Bank, Zenith Bank, and other International lenders and legal firms won the award with the $1.5 billion Syndicated Financing for the 2012 Drilling Programme of the Nigerian National Petroleum Corporation/ExxonMobil Joint Venture via their Special Purpose Vehicle RDP Funding Limited.

    This, the organisers said was the most interesting financing to emerge not only from Nigeria but also from the African upstream sector. “The $1.5 billion deal builds on the JVs earlier receivables-based deals, including the $600 million satellite field financing, which closed in 2005 and backed the development of live specified fields, and the $1.42 NGLII refinancing which closed in January 2011”.

    Whereas the satellite and NGLII financings related to discrete assets and will be ringfenced from the latest deal, the 2012 drilling programme financing is designed to back a more general programme of drilling at all the four oil mining leases that it owns. “All of these deals demonstrated that there was healthy bank appetite for uncovered commitments to the joint venture given the operational history”, Project Finance said.

    Receiving the award, Managing Director and Chief Executive Officer, Fidelity Bank Plc, Reginald Ihejiahi, said that the honour further demonstrated the bank’s commitment to the development of the Nigerian economy.

    Ihejiahi, who was represented by the General Manager, Operations, Sam Obijiaku, noted that Fidelity Bank has enhanced market competitiveness through improved infrastructure, quality service delivery system and increased nationwide spread.

     

    He explained that Fidelity Bank has garnered a great deal of experience from its past involvements in Oil and Gas contract finance and promised to deploy this wealth of experience in the development of the local economy

  • Customers hail bank

    Customers hail bank

    Customers of Diamond Bank Plc have lauded the bank for assisting businesses.

    At a Customers Forum for the Western Zone and Kwara State in Ibadan, they said the bank has supported their businesses and offered the necessary life-line needed by their. The customers, who are largely managing directors and chief executive officers also lauded the bank’s staff for courtesy and efficiency.

    The Regional Director (West), Mr Olusola Ajayi, explained that the forum was one of the bank’s ways of appreciating its customers as well as open up channels of feedback. “One purpose of this forum is to let customers know that our services are unmatched and to listen to you so we can know where and how to improve,” he said.

    He urged them to feel free to express their opinions and concerns on the services being rendered by the bank.

    Presentations on some of the bank’s products were made by some managers after which customers made their responses.The Head, Customer Experience, Mrs Shirley Uyakonwu and the Head, Propositions and Liabilities, Mr Olumide Akindele, were among those who made presentations.

  • Lagos transport initiative excites World Bank

    The World Bank is excited over the implementation of the Bus Rapid Transit (BRT) initiative of the Lagos State government. It described it as “a faster, efficient, effective and affordable means of responding to the people’s needs for mass transportation.

    The BRT is one of the initiatives introduced by Governor Babatunde Fashola under the Lagos Urban Transport Project (LUTP) in resolving the ever rising needs of providing a more comfortable and convenient needs for the over 10 million commuters.

    World Bank President Dr. Jim Yong Kim, who spoke in Washington, the United States at the 10th yearly transforming transformation conference hosted by the World Bank and EMBARQ, said the implementation of the LUTP intiaitive by the Lagos Metropolitan Area Transport Authority (LAMATA), has been of immense benefit to commuters.

    Kim, who singled out the Mile 12 to CMS BRT services which was LAMATA’s flagship transportation scheme, said commuters now enjoy among other benefits; reduced transport fares, reduced waiting time at bus stations on the BRT corridor, improved lifestyle and new job opportunities.

    He said the initiative, which is first of its kind in the sub-Saharan Africa, has become a template of the ‘ready-to-go solutions’ that can be implemented quickly by cities with serious transport challenges.

    “In Nigeria, we have what is called the Lagos Urban Transport Project. It is a bus-based rapid transport system. And believe it or not, it was the first of its kind in sub-Saharan Africa. As of 2011, some 200,000 commuters in Lagos are using it. The fares have decreased by 30 per cent on the average, despite 100 per cent increase in fuel cost. Commuters have reduced their transport time by 40 per cent. The amazing thing is that it works very well but the more amazing thing is that it is the first of its kind in sub-Saharan Africa,” Kim said.

     

  • Bank robbery foiled

    THE police in Sapele, Sapele Local Government of Delta State, yesterday foiled a bank robbery, arresting some suspects.

    It was learnt that two of the suspects pretended to be motorcyclists and robbed their victim of N200,000.

    A source said the victim alerted the police and passers-by who went after the robbers.

    Two locally made guns and the N200,000 were recovered from the suspects.

    The Divisional Police Officer, Kenneth Akugbue, who led the operation, assured residents that his men would flush out robbers in the area.

     

  • Steal the Central Bank of Nigeria, plead guilty, go home  free

    Steal the Central Bank of Nigeria, plead guilty, go home free

    I had intended to commence, this Sunday, a series of articles on the refreshing re-engineering presently afoot in the South-West courtesy of the A C N governors in the region, a pan-regional renewal of infrastructure, education, agriculture and ground-breaking social security programmes for the elderly so heartwarming Chief Obafemi Awolowo would give the architects a thumbs up from his grave since they are earnestly working towards the happiness and well-being of the greater majority of the people which the Avatar unequivocally prescribed as the raison d’être of a good government. That, however, was before the news broke of an insensitive Abuja High Court judge sentencing one John Yusufu, a self-confessed thief of N32.8billion Police Pension fund, to two years imprisonment with an option of a measly N750, 000 fine which the convict promptly paid. Interestingly, less than 24 hours after that judgment, an Ikare Magistrate Court in Ondo State sentenced an accused to three years imprisonment for stealing a telephone handset worth N17, 000.

    More nauseating than Mr Justice Talba Mohammed’s unthinking judgment is the fact that the EFCC, with all its effete posturing about corruption, was privy to this unconscionable arrangement. This is obvious from the following statement by the agency: ‘The Commission is of the view that the option of fine runs contrary to the understanding between the prosecution and the defence wherein the convict consented to a custodial sentence with the forfeiture of all assets and money that are proceeds of crime’. Little wonder the convict knew well ahead, exactly how much he was going to be fined. With things as they stand in the country today, the EFCC must reckon as the greatest motivator of corruption. Where in the civilised world, other than Nigeria, would such a rogue walk away with a slap on the wrist? Did Mardof get a plea bargain in the U.S? Is whatever money or property seized more important than the immoralities EFCC is inculcating in the citizenry through these brazen compromises? Where is the money paid by the likes of former governor Lucky Igbinedion and co in past plea bargains or where are the houses forfeited to government in all these ludicrous paddy paddy bargains? Were they not all sold within their cabal? If a man could literally walk free from such humongous heist, why would unemployed graduates not go into armed robbery and some jobless miscreants into kidnapping? As it stands today, EFCC deserves to be completely scrapped. It was no surprise that another government agency, the Code of Conduct, was reported to have summarily quashed the case of one of the co- accused persons in whose account at the United Bank of Africa a whooping N500 million was found, freed allegedly on the intervention of the wife of a very senior government official.

    Since the news broke, I have heard lawyers of all hue rationalising plea bargaining. I make bold to say that while this may be provided for in our law books, it is absolutely unhelpful in a Nigerian society where corruption has become, not only endemic but, systemic. Whichever way you turn, all you hear are public servants stealing, no longer millions but, billions of naira given the certainty that no punishment awaits them. Impunity has taken over the land and when anti-corruption agencies make a sham of going to court, all you get is what the Abuja judge dispensed here as punishment -a huge joke and the same reason Ibori was treated here in Nigeria as a paragon of honesty only to be shamefully jailed in the U.K.

    What a rudderless government we have and what a spineless people we are turning out to be? What a country? Why will the world not call us thieves? Coming so soon after a British court described one-time governor Ibori as a common thief in state house, who in the world should respect any Nigerian? Are these judicial officers, supposedly operating in the temple of justice, so uncaring they can vomit any judgment, however inane? Granted that this judge cannot single-highhandedly re-write the law, (but) was he obligated to offer the criminal an option of fine knowing full well that a cow thief in a part of this country could have a limb chopped off? What impunity, and, again, is there a single reason young Nigerians should not go into armed robbery or kidnapping when men and women constitutionally empowered to moderate our values through the instrumentality of law are so unthinking? Going by the level of listlessness routinely displayed by the judiciary, shouldn’t every Nigerian be a criminal of sorts since criminality pays so handsomely? And by the way, hasn’t it been suggested this same judge it was who ruled that Kenny Martins had no case to answer in another police-related case where sleaze was strongly alleged? Doesn’t he realise that hundreds of thousands of poor retired old men who had served this nation to the best of their abilities are victims of this heist and that some of them actually die, queuing for this same pension? God, give us judges: men and women in their dignified robes, who will know that they are chosen by you, though appointed by man, to perform what essentially is a solemn function to the edification of your name, rather than simply see it as working for a meal ticket.

    Lord, give us responsible judges.

    Questions ad infinitum, but let us get to the nitty gritty of this thoroughly revolting case. We have in this country, a party which, as I often describe it, has held this country under its stranglehold for close on 14 years and always with about three quarters of members of the National Assembly. For these many years, has the National Assembly been so irresponsible it did not know that even if you steal the entire Central Bank of Nigeria, all you get is a 2-year jail term? Did they consider this equitable to the offence? What then is the responsibility of the Committees on Judiciary in both the Senate and the House of Representatives, or does it stop with the squandering of funds and allocation of state of the art cars for so-called committee work? Of course Nigerians will not be surprised their representatives are too blinded by graft and greed to notice such inequities.

    This case is so nauseating you want to puke.

    Where now is PDP’s so-called Ethical Revolution, that shibboleth, like Vision 20 20 20, and its cousin, Rebranding, through which they once ate the nation raw. PDP is never short of such grandstanding rhetoric. Trending now is their Centenary anniversary and Senator Ayim Pius Ayim, Secretary to the Government of the Federation, is throwing his entire weight into it. By the time the dust settles on this too, Nigeria would have been short-changed to the tune of billions of naira. Didn’t former minister Ezekwezili, only last week, ask them questions as to how they squandered a colossal $67 billion; an amount no West African country, beside Ghana, can boast of in a given financial year?

    That is PDP with its ideology of ‘share the money’.

    And what manner of people are we? Are we so consumed with the challenges of life and living that we have become so spineless? Must we take just about anything when, as you read this, Egyptians, in spite of an emergency declared by government, are still out there on the streets protesting against some draconian decrees by the Morsi government?

    .And as somebody has asked, why are the two major religions silent on this evil plaguing our country? What are the moral and ethical tenets driving these religions that they cannot lead their adherents out on a massive anti-corruption demonstration as is routinely done in other countries? And concerning the Bible and the Quran which these rogues, counting on the mercy of God, do not take seriously, shouldn’t our constitution now prescribe that public officials should swear on Ogun – the god of iron – and such like gods which show no mercy to criminals? Shouldn’t our traditional religionists place a curse on those rabidly raping this hapless country? At least one remembers General Obasanjo once suggesting we fight purveyors of the apartheid system with African juju.

    If these nation wreckers are so unrelenting, l will suggest it is time unforgiving African gods are unleashed on them for the sake of fatherland.

     

  • Bank donates generator to faculty

    To make learning easier for students on campus, FirstBank Nigeria Plc has donated a generator to the Faculty of Social Science at the University of Lagos (UNILAG).

    The donation was made possible through the efforts of Prof Omololu Soyombo, the Dean of the faculty.

    CAMPUSLIFE gathered that the don had a partnership with the bank before he became the head of the faculty.

    While receiving the generating set, Shoyombo thanked the bank’s Managing Director, Mr Bisi Onasanya, for fast-tracking the faculty’s request.

    He said: “The generator will enhance academic excellence and bring better output from the students of the institution.”

    The generator was dedicated to the use of the faculty by representatives of the bank. At the presentation were the sub-Dean, Dr Kemi Lawanson, head of Psychology department, Dr Agiobu Ibinabo, Faculty Officer, Mrs Ebun Godfrey, and Dr Seye Ajuwon, a lecturer.