21 results
- 14 Nov 2023
Interswitch System Glitch: Court Orders Freezing of Accounts in 54 Banks
Justice Peter Lifu (JP) of a Federal High Court sitting in Lagos has granted an order freezing some accounts in about 54 financial institutions in the country where alleged funds from Interswitch…
- 10 Mar 2026
Court Orders Final Forfeiture of N81.1m Sterling Bank Fraud Funds
Federal High Court sitting in Ikoyi, Lagos, has ordered the final forfeiture of N81,108,143.8 stolen from Sterling Bank Plc following a system glitch that befell the financial institution. Justice…
- 25 Oct 2018
Alleged Fraudsters Steal N1.8Bn from Sterling Bank
Two persons alleged to be fraudsters have been accused of obtaining the sum of N1.8 billion from Sterling Bank Plc by false pretence. The duo identified as Messrs Ogbor Kehinde Eliot and…
- 25 May 2026
NIBSS Blames System Glitch for Disappearance of N13.66Bn, Seeks Court Nod for Recovery
Nigeria Inter-Bank Settlement System Plc (NIBSS) has sued 19 commercial and microfinance banks, over N13.66 billion allegedly lost to unauthorized transfers following a major glitch on its payment…
- 3 Jan 2025
Court Freezes 21 Bank Accounts, Orders Holders’ Arrest over Alleged Money Laundering
Justice Emeka Nwite of the Federal High Court, Abuja, on Friday, ordered the temporary freezing of 21 bank accounts domiciled in some commercial banks in the country. He also ordered the arrest of…
- 27 Apr 2024
CBN Licenses Unified Payments as Second Provider for PTSA Services for Nigeria
Central Bank of Nigeria (CBN) has awarded the country’s second Payment Terminal Service Aggregator (PTSA) license to Unified Payments, Nigeria’s premier financial technology company, following a…
- 10 Aug 2015
Revealed: Rosabon Study Shows Nigeria Loan Financing Over 5 Years
In the financial sector, there has been continued improvement in performance as the reforms carried out by the Central Bank of Nigeria (CBN) to evolve dynamic financial system continued to have…
- 18 Jan 2026
Here Are Nigerian Banks That Have Secured Their Licences
Nigeria's banking sector recapitalization, mandated by the Central Bank of Nigeria (CBN) in March 2024, requires banks to meet tiered minimum paid-up capital thresholds by March 31, 2026: ₦500…
- 9 Mar 2021
Firm Asks Court to Freeze SAP Accounts over Alleged Contract Breach
B4G Consulting Ltd has asked a Lagos State High Court to restrain Systems Applications Products (SAP) from dissipating $3,371,945.27 and N5mllion with 28 Respondents including the Central Bank of…
- 3 Nov 2025
MTN Foundation’s Odunayo Sanya Champions Purposeful Leadership at Live2Lead Lagos
Global leaders and executives across various sectors gathered at the Trinity Towers, Lagos for the 2025 edition of Live2Lead Lagos, a premier leadership conference focused on inspiring intentional…
- 8 Apr 2021
CBN Freezes 84 Bank Accounts of Firms/Persons under Investigation
Central Bank of Nigeria (CBN) has secured an interim order of a federal high court in Abuja, freezing 84 bank accounts belonging to 25 individuals and companies. Those affected by the new order…
- 5 Apr 2026
FG Moves to Strengthen Cybersecurity Coordination as NDPC Probes Alleged Data Breach
Federal Government has announced plans to deepen collaboration with private sector players and other stakeholders in a bid to strengthen Nigeria’s cybersecurity architecture and response systems.…
- 5 Apr 2026
FG to Strengthen Cybersecurity Coordination as NDPC Probes Alleged Data Breach
Federal government has announced plans to deepen collaboration with private sector players and other stakeholders in a bid to strengthen Nigeria’s cybersecurity architecture and response systems.…
- 10 Oct 2017
CBN urges SMEs to designed good business plan to enable them access development loans
Central Bank of Nigeria (CBN) have persuade d small and medium scale entrepreneurs to design reasonable business plans to enable them access development loans. Malam Faruk Abdullahi, Business…
- 25 Jul 2019
Ndukwe Replaces Dozie as Chairman MTN
MTN Nigeria has appointed Ernest Ndukwe, the former executive vice chairman/CEO, Nigerian Communications Commission (NCC) as chairman-designate in a board shake-up, that saw Dr. Pascal Dozie, long…
- 17 Feb 2021
Court Blocks Shell’s Accounts in 20 Banks over Alleged Oil Theft
A Federal High Court sitting in Ikoyi, Lagos has granted an interim injunction directing 20 commercial banks to freeze the accounts of Shell Petroleum Development Company of Nigeria Ltd (SPDC). This…
- 20 Mar 2017
Task System Attains Netapp Platinum Certification
Another feather has been added to the well-decorated cap of foremost Information and Communications Technology (ICT) Solutions company, Task Systems Ltd., with the elevation of the company to…
- 6 Jul 2022
Kenyan Court Freezes Accounts of Flutterwave, Others for Alleged Money Laundering
A Kenyan high court has reportedly frozen the accounts of Futterwave, a Nigerian fintech, among over alleged money laundering. A total of 56 bank accounts holding a whopping Sh7 billion suspected to…
- 9 Oct 2017
Encomiums, Emotions As Task Systems Celebrates @30
By peter oluka Contemporary Nigerian business history will reserve a special place in its annals for Task Systems Ltd. Founded by serial digital entrepreneur and Chairman, Zinox Group, Leo Stan Ekeh;…
- 12 Dec 2018
Celebrating You 2018: Stars Light Up TD’s Glamorous Year-End Party
A host of dignitaries including government functionaries, corporate big-wigs and a star-studded line-up of guests and artistes were in attendance as Technology Distributions Ltd. (TD), Sub-Saharan…
- 21 Jun 2016
TD Names Etukudoh MD, Announces Other Appointments
The Board of Directors of Technology Distributions Ltd., (TD), foremost ICT distributors in the West African sub-region, has announced the appointment of Etiene Etukudoh as managing director…