Day: 9 July 2024

Vice -Chancellor accuses varsity staff of serving as informants to bandits

Jide Ige

The Vice-Chancellor, Federal University Dutsinma (FUDMA), Katsina State, Prof. Armaya’u Bichi, has alleged that some of the university’s staff are serving as informants to bandits. The News Agency of Nigeria (NAN) reports that bandits have been attacking the area, kidnapping students and staffers of the university as well as their family members. Exactly a week ago, bandits stormed the residence of Dr Tiri Gyan David, Head of the Department of Agricultural Economics, Extension, and Rural Development of FUMA, killing him and abducting his children. Briefinf newsmen on Tuesday, Bichi said…

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Miyetti Allah hails as Tinubu creates ministry for livestock development

Jide Ige

The Miyetti Allah Cattle Breeders Association of Nigeria has commended President Bola Tinubu for establishing the Ministry of Livestock Development. In a statement released on Tuesday in Abuja, the association’s President, Baba Othman-Ngelzarma, said the establishment of the ministry would unleash the potential of the trillion-naira livestock industry. Othman-Ngelzarma said the ministry intends to generate high-quality and efficient employment opportunities throughout the livestock value chain with the aim of enhancing the Nigerian economy. He said, “With this development, MACBAN believes, the hope of the Nigerian pastoralists is now achieved under…

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Reps threaten to arrest Dangote over arbitrary cement price increase

Jide Ige

The House of Representatives’ Joint Committee on the arbitrary increase in the price of cement, on Tuesday, threatened to arrest the management of Dangote Cement if it fails to appear at its next hearing. Recall that the legislative chamber had on May 7, 2024, issued a 14-day ultimatum to cement manufacturers to appear before its joint committee and make their submissions on the arbitrary increment of cement prices in Nigeria. The Chairman, House Committee on Solid Minerals, Jonathan Gbefwi, gave the summon at a public hearing to investigate the arbitrary…

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ECOBANK sacks 150 staff, paid compensation below industry standard

Jide Ige

Friday, December 22, 2023, was a sad day for more than 150 Ecobank workers across different units and branches in Nigeria, as the bank disengaged them without clear reasons. Some of the workers told FIJ that what Ecobank gave them as severance pay in February was significantly less than expected, considering their long years of service to the bank. FIJ learned that although the affected workers, who had worked for 10 to 22 years, were told to pick up their termination letters on December 22, the termination took effect on…

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Finally, UK based Nigerian gets access to N373k deposited in Wema bank after eight months

Jide Ige

Alat by Wema has granted access to a Nigerian woman in the United Kingdom who could not access the N373,000 in her account for eight months. This development happened on Monday evening, 24 hours after FIJ reported about the lady’s frustration with the bank. She told FIJ on Tuesday that the issue had been resolved and she could access her money, adding that she was grateful for FIJ’s intervention. “I am so thankful for your publication. Not too long after I saw it on Monday, I realised I could access…

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How Wema Bank’s ALAT blocked UK based customer from accessing N373,000 for 8 Months

Jide Ige

A Nigerian based in the United Kingdom has accused Alat by Wema of deliberately frustrating her by refusing to allow her access to her N373,000 for more than eight months. The woman, who prefers to be anonymous, told FIJ that she kept writing to the bank, asking them to help her update her National Identification Number (NIN) to withdraw her funds but it had yielded no success. She said that her frustration started in October, when she wanted to withdraw some funds but could not do so because her account…

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N4.8bn Fraud: Ibeto gets Oct. 24 date for trial

Jide Ige

Justice Oyindamola Ogala of the Lagos High Court sitting in Ikeja, on Thursday, July 4, 2024, adjourned till October 24, 2024 further hearing in the alleged N4.8bn fraud trial involving Cletus Ibeto, Chairman, Ibeto Energy Development Company. Ibeto alongside Ibeto Energy Development Company and Odoh Holdings Ltd are to be arraigned by the Economic and Financial Crimes Commission, EFCC, on 10-count charges bordering on allegations of obtaining by false pretences, fraudulent conversion of property, criminal breach of trust, forgery and deception to the tune of N4.8bn. Count one reads: “That…

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World Finance Banking Awards 2024: Again Zenith Bank emerges best commercial bank, corporate governance in Nigeria

Jide Ige

Zenith Bank Plc has emerged as the Best Commercial Bank, Nigeria in the World Finance Banking Awards 2024, retaining the award for a fourth consecutive year. The bank was also named as Best Corporate Governance, Nigeria for the third year running in the World Finance Corporate Governance Awards 2024. The awards, which were published in the Summer 2024 Issue of the World Finance Magazine, are in recognition of the bank’s robust financial performance, superior customer service, sustainability initiatives and corporate governance practices. Commenting on the dual honours, the Group Managing…

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