Tag: bank
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Again, robbers invade bank in Ekiti, kill officer on duty [Graphic photos]
There was pandemonium in Ifake Ekiti, Ekiti State on Thursday as armed robbers attacked the First bank branch of the town. The hoodlums were said to have killed a mobile police officer who was stationed at the bank as they carted away with an undisclosed amount of money. The incident attracted a large number of…
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Bank customers drop by two million in 2017 – NIBSS
Recent statistics released by the the Nigeria Inter-Bank Settlement System (NIBSS) showed that despite concerted efforts by the Central Bank of Nigeria’s (CBN’s) to promote financial inclusion, the number of customers using financial services reduced in 2017. The statistics published on the NIBSS website on Sunday, showed that the total number of bank customers dropped…
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Fraud cases by Nigerian bank staff rise by 39% in 2017
The number of fraud cases attributed to internal abuse by staff of banks increased from 231 in 2016 to 320 in 2017, a 38.5% increase, according to the Nigeria Deposit Insurance Corporation (NDIC). Mr Mohammed Ibrahim, Head, Communications and Public Affairs of NDIC, said in a statement in Abuja on Sunday that the figure was…
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FG to establish specialised bank to assist innovators, science/tech ventures
The Minister of Science and Technology, Dr Ogbonnaya Onu, says Federal Government is working toward establishing specialised bank to assist innovators and entrepreneurs in science and technology ventures. The minister said this after listening to presentations by some student inventors and innovators at the ongoing 1st International Workshop on Science Parks and Innovation Eco-system for…
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Police warn Enugu residents against bank fraud
The Police Command in Enugu State has urged residents of the state to guard their bank details jealously to avoid being victims of fraud syndicate operating in the state. The Command’s spokesman, SP Ebere Amaraizu, gave the advice in a statement in Enugu on Tuesday. Amaraizu noted that the advice had become necessary in view…
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13bn Ikoyi loot: Bank kicks as EFCC seeks forfeiture of apartment where money was hidden
The Economic and Financial Crimes Commission (EFCC) on Wednesday urged the Federal High Court in Lagos to order the forfeiture of Flat 7B in Osborne Towers, Ikoyi to the Federal Government. Counsel to the anti-graft agency, Mr Rotimi Oyedepo, prayed the court to refuse an application by Union Bank of Nigeria Plc which seeks to…
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ATMs disappoint customers in Jos metropolis, failed to dispense
Residents of Jos on Saturday decried the poor services by banks as many automated teller machines (ATM) in the metropolis failed to dispense cash to frustrated customers on long queues. Some of the stranded customers, who spoke with the News Agency of Nigeria (NAN) in Jos, expressed disappointment at the failure of many bank ATMs…
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NHF Act: FMBN blames banks, insurance companies for non -compliance
The Federal Mortgage Bank of Nigeria (FMBN) has blamed banks and insurance companies for non-compliance with provisions of the National Housing Fund (NHF) Act since its inception. The FMBN Managing Director, Mr Ahmed Dangiwa spoke on Tuesday in Abuja at a public hearing on “A Motion on the Need to Ensure Full Compliance with the…
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CBN injects $210m into currency market
The interbank window of the nation’s foreign exchange market on Tuesday received a boost of $210m from the Central Bank of Nigeria. The interventions were made at the wholesale, the Small and Medium-scale Enterprises, and invisibles segments of the market. The Acting Director, Corporate Communications, CBN, Mr. Isaac Okorafor, said the bank offered the sum…
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N13bn Ikoyi loot: Bank claims ownership of apartment where money was hidden
Union Bank of Nigeria Plc has claimed ownership of Flat 7B in Osborne Towers, Ikoyi, where large sums of money were found. The sums found in the flat, which were forfeited to the Federal Government on June 6, are $43,449,947 (about N13billion), N23, 218,000 and £27,800 (about N10.6milion). In its pending application, the bank is…