TheNewsGuru

Tag: bank

  • #EndSARS: We evacuated N2bn from banks-Army

    #EndSARS: We evacuated N2bn from banks-Army

    The Nigerian Army on Saturday said it evacuated about N2bn from banks in Lagos State after hoodlums began to attack and loot banks and businesses in the mayhem that followed the #EndSARS protests.

    The Commander of 81 Military Intelligence Brigade, Victoria Island, Lagos, Brig. Gen. Ahmed Taiwo, said this on Saturday while testifying before the Lagos State Judicial Panel of Inquiry probing the alleged shooting of #EndSARS protesters by soldiers at the Lekki tollgate on October 20.

    Taiwo said prevalent looting followed the protest, adding that he was most hurt to see even women leading their children to break into private business places to loot.

    Speaking of banks being broken into, Taiwo said, “We were able to help banks evacuate about N2bn after two days.”

    TheNewsGuru recalls that the Army said the Lagos State Governor, Babajide Sanwo-Olu, invited the soldiers to suppress the unrest in the state.

     

  • Police foil attempts by thugs to loot bank in Anambra community

    Police foil attempts by thugs to loot bank in Anambra community

    Tension gripped Ihiala community in Anambra State on Saturday after thugs engaged men of the Nigeria Police Force (NPF) to gain entrance into a new generation bank.

    According to an eyewitness who confided in TheNewsGuru.com, TNG, the thugs invaded the sloppy community in their numbers and went straight for the bank. However, they were immediately repelled by the gallant officers who engaged them in a gun duel.

    Sensing defeat, the thugs angrily invaded the Ihiala Police Command and set it ablaze.

     

     

  • Bank sacks 865 workers

    Bank sacks 865 workers

    Lloyds Bank in the UK is shedding 865 jobs, as it resumes cost-cutting measures amid COVID-19 pandemic.

    Lloyds, the biggest domestic banking group in UK, had temporarily stopped job losses and restructuring early in the pandemic, with the commitment running until October.

    Union Unite criticised the cuts, which come alongside the creation of 226 new roles.

    “Unite is extremely worried about the future prospects of the 860 staff being told that they will lose their jobs during these very challenging times,” said Unite national officer Rob MacGregor.

    Lloyds confirmed the cuts and said the majority of the roles were non-customer facing and came from simplifying its business.

    “These changes primarily reflect our existing plans to simplify parts of our businesses, which were in place prior to Covid-19,” a Lloyds spokeswoman said.

    “Any colleague impacted by today’s announcement will not leave the Group until November at the earliest.”

  • Suspected robbers kill bank customer, cart away cash in Bayelsa

    Suspected robbers kill bank customer, cart away cash in Bayelsa

    Suspected armed robbers on Friday attacked a new generation bank in Yenagoa, Bayelsa capital, killing a customer, Mr Emmanuel Omomo, and taking away cash he withdrew from the bank.

    Police spokesman in Bayelsa, SP Asinim Butswat who confirmed the killing, said the incident occurred at about 10 a.m. inside the premises of the new generation bank.

    “The customer was accosted by unknown gunmen after he withdrew money from the bank.

    “The armed robbers who came in a black Toyota Camry car accosted the customer, one Emmanuel Omomo, when he came out of the bank after making the withdrawals.

    They shot him, collected all the money in his possession and zoomed off.

    “The victim was immediately rushed to the Federal Medical Centre, Yenagoa, where he was confirmed dead. Investigation is ongoing.” he said

    Butswat said the Police Command in the state had launched a manhunt for the unknown gunmen.

    An eye witness, who preferred anonymity, said the middle-aged man was leaving the bank with a bag suspected to be containing some amount of money when the masked gunmen accosted him.

    He told the News Agency of Nigeria (NAN) that the suspected robbers who were dressed in black atire alighted from a Toyota Camry car and shot sporadically.

    He said the victim who had already entered a waiting tricycle, on sighting the gunmen, ran inside the nearby bush, but the gunmen shot him and made away with the money.

    “Although, the armed security attached to the bank and nearby banks responded with scary shots, they could not hit the target due to the huge crowd at the bank premise,” he said.

  • Inside Lagos: 16-yr-old boy hides in FCMB bank overnight to steal N340,000

    Inside Lagos: 16-yr-old boy hides in FCMB bank overnight to steal N340,000

    A 16-YEAR-old boy, who allegedly hid in a bank toilet overnight and stole N340,000, was yesterday brought before an Igbosere Magistrates’ Court in Lagos.

    The teenager (surname withheld) of Abimbola Street, Even Estate, Ajah, Lagos was arraigned by the Ajah Police Division, Lagos, on a one-count charge of stealing.

    Prosecuting Inspector Peace Chukwudi told the court in a charge marked C/09/2020 that the defendant committed the offence on February 19.

    She alleged that the defendant was caught by security officials in the banking hall of a branch of First City Monument Bank (FCMB).

    Chukwudi said upon interrogation, the boy confessed that he gained entry into the bank just before 4pm, during closing time rush hour.

    He went to the toilet and hid until everyone left for the day.

    The court heard that the boy ransacked the workers’ safe at about 2:30 am, found the sum of N340,000 and concealed it in his clothes.

    He tried to sneak out of the banking hall but was spotted and arrested by the bank’s guards.

    The offence, according to Chukwudi, was punishable under Section 28 of the Criminal Law of Lagos State, 2015.

    The defendant pleaded not guilty.

    Magistrate Doja-Ojo remanded him at the Oregun Juvenile Corrective Home, Ikeja.

    She adjourned till April 15 for facts and sentencing.

  • Last time I stepped into a bank was in 1985 – Pastor Bakare

    Senior Pastor of Latter Rain Ministry, Pastor Tunde Bakare, has said that the last time he stepped into a banking hall for any financial transaction was in 1985.

    The Pastor said the other times he had stepped into a banking hall would be to sanctify a new branch as banks always come to his home for transactions.

    Speaking on the topic: A Healthy, Robust Heavenly Bank Account, the cleric said, “I am not showing off as you will call it, I am only provoking you to charge up yourself.

    “My mother was not a rich woman, but someone once told her that she would have bank accounts abroad and she laughed, but right now, she has a son that has bank accounts abroad.

    “These things don’t really have anything to do with education…”

    Pastor Bakare said: If I can run bank accounts without visiting the banks, you too can. I don’t have two heads, neither does Dangote. Paying your tithe and offering doesn’t mean you have a heavenly bank account.”

    “If you think I am going to rush this sermon, you missed. I am going to go slow, after all, our president is ‘Baba Go Slow’ and I am his very good friend…

    “To store up a treasure in heaven requires a different approach. Holding loosely and sharing freely and giving away heartily treasure for God’s kingdom purpose,” Bakare said.

  • Breaking: One dead, three arrested as Police foil bank robbery in Abuja

    Operatives of the Federal Capital Territory Police Command on Saturday foiled a bank robbery in a First Bank branch located in Mpape, a suburb in Abuja.

    According to eyewitness accounts, the robbers invaded the premises of the bank as early as 10am.

    However, less than 30 minutes into their operation, a powerful police team led by the FCT commissioner of Police Bala Ciroma arrived the bank premises.

    Two of the robbers reportedly surrendered while one who disguised in security uniform was killed by the security operatives .

    The suspected robbers are said to be young guys between the ages of 25-35.

    Mpape village a very busy place is now deserted as motorists abandoned their vehicles and scampered for safety.

    It became very clear that the thieves had hit the rock and luck had ran out of them when the personnel sorrounded the premises of the bank.

    Soldiers were also said to be involved in the Operations that led to the arrest ot the robbers.

    The operations which ended around 1pm this afternoon was said to have lasted for more than an hour.

    Details soon…

  • Man strips naked in bank over ‘disappeared manhood’

    Man strips naked in bank over ‘disappeared manhood’

    A yet to be identified middle-aged​ man narrowly escaped death from angry mob after he was accused of mysteriously causing the disappearance of another man’s genital organ.

    The incident which occurred on Wednesday in Benin City, Edo State, at one of the new generation banks located along Sapele Road, caused commotion inside the banking hall, when the victim (name withheld), raised the alarm over the alleged disappearance of his genital.

    He alleged that his genital mysteriously disappeared after the suspect who was behind him on the queue, touched him.

    The commotion that ensued disrupted banking activities for several minutes, as the man stripped himself naked and wept uncontrollably.

    The loud noise also attracted youths from the neighbourhood who dragged the suspect outside the banking hall and descended on him.

    Attempts made by the management of the bank to rescue the suspect failed, as the youths insisted that the suspect must pay for his sin.

    The prompt arrival of police operatives saved​ the suspect from the rage of youths from the neighbourhood who were bent on lynching him.

    The police operatives who arrived in a Hilux van were said to have dispersed the crowd and took both the victim and the suspect with away them.

    One of the eye witnesses who gave her name simply as Gloria, said the two men were standing next to each other on the queue when the victim suddenly screamed.

    “The man [victim] suddenly screamed​, saying that his genital has disappeared.

    “He accused the man behind him on the queue, of being responsible for the disappearance of his genital after he touched him.

    “The suspect who at first denied the allegation, later confessed to being responsible and promised to restore the missing genital after the youths in the area gave him the beating of his life.

    “The man was not even ashamed, as he stripped himself naked. The [genital region] actually became flat,” she said.

    -No Evidence for prosecution – Police

    Meanwhile, Edo State Police Command has said that the case is not known by the law of the land.

    The State Police Command Spokesman, DSP, Chidi Nwanbuzor, who confirmed the incident on phone, said their intervention was to avert breakdown of law and order.

    Nwabuzor, who said there was no evidence for prosecution, added that the case is not known to the law.

    “Police arresting is just to ensure that there is maintenance of law and order in the bank. But, the case of somebody’s​ penis disappearing is not known by law.

    “How do you know who could be responsible for the disappearance of the penis?” He asked.

  • Tribunal reverses N29.2m VAT imposed by FIRS on bank

    The Tax Appeal Tribunal, sitting in Abuja on Wednesday, reversed N29.2 million Federal Inland Revenue Service’s (FIRS) imposed as value added tax on Infinity Trust Mortgage Bank.

    The bank had challenged FIRS’s imposition of the amount.

    The tribunal chairman, Mrs Alice Iriogbe, delivering judgment, held that FIRS failed to prove that those services carried out by the bank were VATable.

    He held further that the bank were not liable to be taxed on those services according to the VAT Act and Central Bank of Nigeria (CBN) Act, 2011 as amended.

    Iriogbe further held that the FIRS Service Information Status number 9 also supports the fact that such services by Mortgage Institutions were not VATable.

    ” In this circumstance, the tribunal holds that the VAT assessment dated May 17, 2018, in the sum of N29.2 million and the Respondent’s Demand Notice dated July 5, 2018 are hereby discharged, ” The tribunal held.

    The appellant (the bank) had sought the order of the tribunal for the annulment of the FIRS’s assessment or demand notice dated May 17 and July 6, served on it with penalty at 10 per cent and interest at 15 per cent.

    In its defence, FIRS argued that the letter of review and audited accounts were valid and issued in accordance with the relevant provisions of the law.

    It, therefore, asked the tribunal to declare that the VAT demand served on the Bank was valid and made in accordance with the law.

    The respondent further sought for a declaration that the VAT transaction by the appellant outside the main objectives of its business was liable to VAT.

    FIRS further sought for an order compelling the appellant to pay to the respondent the sum of N29. 2 million, being its VAT liability for the period of 2015 to 2016 as contained in the demand letter.

  • Zenith Bank confirms collapse of Interbank transfer platform

    Zenith Bank confirms collapse of Interbank transfer platform

    Nigeria’s leading bank, Zenith Bank has confirmed the collapse of the Interbank Transfer Platform which enables transfers from one bank to the other.

    In a statement to its customers Tuesday, the bank said the platform is “currently experiencing technical challenges.”

    “Due to this, you will be unable to successfully transfer funds to accounts in other banks or receive inflows from them at this time.

    “All efforts are being made to rectify the situation and we will inform you as soon as the service is restored”, the bank said.

    Many bank customers have reported glitches in transferring money from one bank account to the other. The problem was first noticed Tuesday morning with many POS terminals reporting ‘bad signals’. Later people found that they could also not withdraw money via ATMs in several cities.

    According to the National Bureau of Statistics, a total of 557,083,712 electronic-payment transactions valued at N34.02 trillion were recorded in selected banks across the country in the first quarter, 2019.

    In a report on Selected Banking Sector Data: Sectorial Breakdown of Credit, ePayment Channels and Staff Strength data posted on its website, NBS said Nigeria Inter-Bank Settlement System Instant Payment transactions dominated the volume of transactions recorded with 232,816,102 volume of NIP transactions valued at N24.17 trillion were recorded within the period under review.