Alleged N285m fraud: Court grants couple, aide bail
An Ikeja High Court, Lagos, weekend, granted bail in the sum of N40 million to a couple, Innocent Eloka, his wife, Bernadine, and one of their aides, Francis Okocha, who were charged before the court on a two-count charge of alleged stealing.
Banks fail when they consume the resources of other stakeholders
Last week, the Group Managing Director of Access Bank, Mr. Aigboje Aig-Imokhuede had an interactive session with journalists in Lagos. He explained the philosophy that will move the bank forward which is all about sustainability. It was also an opportunity for him to grant his first ever interview as the CEO of Access Bank since becoming the Managing Director. The discussions lasted for two hours. Excerpts:
Air travellers to cut cost on domestic, regional flights
Air Nigeria has introduced for its passengers a special offer of earning miles and cash to cut down on the cost of travel for domestic and regional flights.
Nigeria’s non-oil export up by 40% – NEPC
Non-oil export in the country has hit 40 per cent as the nation experienced substantial increase in her non-oil export within the first six months of this year.
Lagos to partner developers on low-cost housing schemes
Lagos State government is planning to embark on the development of low-cost housing schemes across the state, and is ready to go into partnership with private developers to accomplish the task.
People ‘re jealous of me – Siasia
ASSISTANT Secretary-General of the Nigeria Football Federation, NFF, Dr Emmanuel Ikpeme has dropped the hardest hint on the futile efforts by embattled coach of the Super Eagles, Samson Siasia to retain his job after the calamity of not qualifying Nigeria to the Nations Cup next year in Gabon and Equatorial Guinea.
NSE capitalisation appreciates by N114.45bn
An improvement was recorded on the Nigeria Stock Exchange NSE, last week, as the value of listed equities represented by the market capitalization appreciated by 114.45 billion.
ITF Director-General gets Award
THE Director- General of the Industrial Training Fund, ITF, Professor Longmas Wapmuk has won the Rotary Club of Abuja Gwarinpa’s prestigious Excellence in Vocational Service Award.
Insurance companies comply fully with pension act
The National Pension Commission (PenCom) has hailed the insurance sector for fully complying with the Pension Reform Act (PRA) 2004 in 2010 by opening Retirement Savings Accounts (RSAs) for their employees.
UBA Mutual Funds posts returns for unit holders
UBA Asset Management Limited defied a difficult operating environment to deliver returns, as high as 10 percent, to unit holders of some of the Funds under the UBA Mutual Funds for the financial year ended March 31, 2011. The UBA Mutual Funds comprises of UBA Balanced Fund, UBA Equity Fund, and UBA Money Market Fund.
Bank Directors and future of banking in Nigeria
The importance of bank directors as key stakeholders in the banking industry came to the fore at the annual stakeholders’ forum of the Bank Directors Association of Nigeria (BDAN) which focused on the “Future of Banking in Nigeria”.
