19 results
- 20 Jun 2021
Asset Declaration: EFCC Gives Banks’ Chiefs June 30 Final Deadline
Economic and Financial Crimes Commission (EFCC) has given over 120 managing directors and top executives of banks till the end of June to submit their asset declaration forms or face the…
- 16 Feb 2022
Senate to Amend 35-Year-Old Act to Compel Bankers to Declare Assets
The Senate has considered a bill seeking to amend the 35-year-old Bank Employees Declaration of Assets (BEDA) Act 1986. "The Bill For An Act To Amend The Bank Employees (Declaration of Assets) Act…
- 11 Aug 2016
CBN Orders Bankers to Declare Assets
Central Bank of Nigeria (CBN) has ordered workers in all Deposit Money Banks (DMBs) in the country to declare their assets in a move aimed at expanding the ongoing anti-corruption crusade to…
- 30 Jun 2021
Asset Declaration: EFCC Targets Banks’ Chiefs after June 30 Final Deadline
Economic and Financial Crimes Commission (EFCC), is set to commence investigations of managing directors, deputy managing directors and executive directors of banks in Nigeria. This follows the…
- 16 Mar 2021
EFCC Asks all Bankers to Declare Assets before June 1
Economic and Financial Crimes Commission (EFCC), has said that it expects all operators in the Nigerian financial system especially bankers to declare their assets latest June 1. Abdulrashed Bawa,…
- 21 Mar 2021
Bankers Protest EFCC’s Order to Declare Assets
Bankers under the aegis of the Association of Senior Staff for Banks, Insurance and other Financial Institutions (ASSBIFI) and National Union of Banks, Insurance and Financial Institutions Employees…
- 3 Jun 2021
Asset Declaration: Bankers Say EFCC Cannot Threaten Them
National Union of Banks, Insurance and Financial institutions (NUFIBIE) has said its members are not afraid to declare their assets as being required by the Economic and Financial Crimes Commission…
- 11 Oct 2021
Why EFCC is Pressing ahead with Directive to Bankers on Asset Declaration– Bawa
Abdulrasheed Bawa, chairman, Economic and Financial Crimes Commission (EFCC), has said that the anti-graft agency’s directive to bankers to declare their assets was not to witch-hunt them but to save…
- 12 Mar 2019
NOVA Merchant Bank Declares N1.15Bn in PAT, Focuses on Scaling Business
NOVA Merchant Bank Limited has declared a profit after tax of N1.15 billion for the year ended 31st of December 2018, a significant increase from N510.6 million achieved in 2017, marking a 125%…
- 7 May 2012
AMCON Declares Bridged-Banks Safe
The Assets Management Corporation of Nigeria (Amcon) has passed a vote of confidence on the three- bridged banks, describing them as safe and sound. Mustapha Chike-Obi, managing director,…
- 31 May 2021
EFCC Asks Bankers to Produce Asset Forms or Go to Jail
Fear has gripped bank owners and workers nationwide as the demand by the Economic and Financial Crimes Commission (EFCC) for their asset declaration forms takes effect from June 1, 2021. EFCC had…
- 7 Jun 2021
National Assembly Moves to Bar Bankers from Operating Foreign Accounts
House of Representatives is considering barring staff members of banks and other financial institutions from operating accounts outside the shores of Nigeria. Their spouses and children may also be…
- 23 Oct 2023
CISLAC Says Nigeria Loses $18Bn Yearly to Illicit Financial Flows
Auwal Musa Rafsanjani, executive director, Civil Society Legislative Advocacy Centre (CISLAC), on Monday, expressed grave displeasure over the endemic corruption ravaging Nigeria which has led to…
- 4 Jun 2015
N8Bn Fraud: How Bankers Splashed Money on Property, Exotic Cars
A Federal High Court sitting in Ibadan was yesterday told how three staff of the Central Bank of Nigeria (CBN), and five staff of a commercial bank acquired assets worth several billions of naira…
- 24 Mar 2025
UBA Grows Profit to ₦804Bn, Declares N3 Kobo Final Dividend
United Bank for Africa (UBA) Plc has released its audited financial results for the full year ended December 31, 2024, with all major indicators witnessing significant improvement. The bank's profit…
- 24 Nov 2021
EFCC Fingers Insiders for Most Fraud in Banking Sector
Economic and Financial Crimes Commission (EFCC) has said that most frauds in the banking sector were perpetrated by insider Information, Communication Technology (ICT) employees. Mr Abbah Sambo,…
- 29 Mar 2022
CBN Bars Credit Guarantee Companies from Accepting Deposits
Central Bank of Nigeria (CBN) has barred Credit Guarantee Companies (CGCs) from accepting deposits among other things. The apex bank disclosed this Tuesday in its guidelines for regulation and…
- 23 Apr 2020
UBA Reports N30Bn Profit in First Quarter of 2020
United Bank for Africa (UBA) Plc, Pan Africa financial institution, has announced an increase in its net profit for the first quarter of 2020. The lender, in its financial statements for the first…
- 18 Jan 2022
Konga Represents Stretch Factor in Nigerian e-commerce – Ibukun Awosika
Mrs. Ibukun Awosika, a serial entrepreneur and former Chairman, First Bank of Nigeria Plc., has hailed Konga, Nigeria’s leading composite e-commerce giant as a stretch factor that has taken on and…