The EFCC Head of Media and Publicity, Mr Dele Oyewale, cautioned the public about ATM swap fraudsters, stating that the commission had received numerous complaints concerning the issue. Oyewale, in a statement released in Ibadan and provided to newsmen, highlighted the EFCC’s investigations linking unauthorised bank withdrawals to Automated Teller Machine (ATM) debit card swapping Read More…
Tag: banking
LAPO Wins Microfinance Bank of 2022 at BAFI Awards
The “Microfinance Bank of the Year” for 2022 has been awarded to LAPO Microfinance Bank Limited (LAPO MfB), a prestigious microfinance organisation in Nigeria. LAPO MfB received the award at the 10th Businessday Banks and Other Financial Institutions (BAFI) Awards ceremony, which was recently held in Lagos. Oluremi Akande, Head of Communications and Branding, said Read More…
Otedola does not have controlling FBN Holding shares, says nominee
Owns five per cent FBN Holding shares, bank group confirms FBN Holdings (FBNH) Plc on Saturday has now confirmed that Mr Femi Otedola has indeed acquired a 5.07 per cent equity stake in the company. This is coming barely 24 hours after it denied notification of possible acquisition of bulk shares by the business mogul. Read More…
US-based Nigerian billionaire to invest N3bn in Fidelity Bank
Dr Oluleye Adigun, a US-based Nigerian billionaire, has revealed ongoing efforts to invest three billion naira ($6.8million) in Fidelity Bank through shares acquisition. Adigun told the News Agency of Nigeria (NAN) in a telephone interview, on Wednesday, that the acquisition was part of his planned investment in the Nigerian economy, adding that the process of Read More…
Access Bank to acquire 100% stake in Zambian Bank
Access Bank Plc has announced plans for acquisition of 100 per cent of Cavmont Bank Limited, a Zambia-based financial institution. The bank disclosed this in a regulatory filing to the Nigerian Stock Exchange (NSE) signed by Mr Sunday Ekwuochi, its Company Secretary. It said the acquisition plan would be consummated through its Zambian subsidiary, Access Read More…