Tag: first bank
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BREAKING: Court seals up Firstbank Headquarters in Abuja [Photos]
The headquarters of Firstbank located at the Central Business District, Abuja, had been sealed up by the FCT High Court Enforcement Unit over failure to comply with a garnishee order. A garnishee order is one of the options open to a judgment creditor to enforce a judgment that has been made in his favour.
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Reps query First Bank management over N94bn NCS revenue
The House of Representatives has queried the management of First Bank of Nigeria over N94.345 billion revenue allegedly collected on behalf of Nigeria Customs Service (NCS).
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New twists in struggle for control of First Bank: Hassan-Odukale ‘surpasses’ Otedola’s single-largest shareholder claim
The struggle to control Nigeria’s oldest tier one bank, First Bank as taken a new twist as FBN Holdings Plc, confirms Mr. Tunde Hassan-Odukale as the single-largest shareholder. The bank said with 5.36 percent equity holding, Hassan-Odukale is its largest single-holder followed by Femi Otedola with a 5.07 percent stake in the Group. Recall Tha…
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First Bank makes U-turn, acknowledges Otedola as its major shareholder
First Bank Holdings, owners of First Bank Nigeria, has officially acknowledged billionaire, Femi Otedola as its’ major shareholder after he acquired 5.07 percent of the company’s equity stake. Recall TheNewsGuru had earlier published a report detailing how Otedola emerged a major shareholder in FBN Holdings, however, the holding firm denied knowledge of the takeover saying…
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We’re unaware of Otedola’s share acquisitions – FBN Holdings
FBN Holdings Plc has reacted to media reports that billionaire businessman, Mr Femi Otedola, has acquired a significant shareholding in the company. The holding company for First Bank of Nigeria Limited, in a statement signed by its Company Secretary, Seyi Kosoko, and filed with the Nigerian Exchange Limited on Friday, said it had not received…
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BREAKING: Femi Otedola now majority shareholder of FBN Holdings, owners of First Bank [How it happened]
Report reaching TheNewsGuru(TNG) indicates that billionaire Femi Otedola, has acquired the majority shares in FBN Holdings, owners of First Bank of Nigeria Limited. Otedola reportedly took over the bank with the acquisition of about ₦30 billion worth of shares, making him the single largest shareholder of the bank. Otedola, being the largest shareholder, holds the…
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N300.5m tax defaults: GTBank, First Bank land in Kaduna Government’s trouble; head offices, branches sealed
The Kaduna State Internal Revenue Service (KADIRS) sealed the head offices and other branches of four banks in Kaduna on Monday over N300.5 million unpaid taxes.
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BEWARE: First Bank accounts easiest to hack, says fraudster after stealing from lots of bank’s customers
A 46-year-old suspect, Zakarriyah Yahaya, also known as “His Excellency”, has revealed how and his gang emptied the bank accounts of many Nigerians using lost or stolen SIM cards. Yahaya, among 39 suspects paraded for various crimes at defunct headquarters of Special Anti-Robbery Squad (SARS), Abuja on Monday by the Nigerian Police, revealed that the…
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Trending video: Drama in First Bank as man strips to protest strange withdrawal of N300k from his account
A video now making the rounds online captured a mild drama that happened at a yet to be identified branch of First Bank, where a man stripped in protest against ”illegal withdrawals” from his account. The distraught man who came to the bank with his children, said the incident has kept his wards out of…
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Our First Bank loan is being serviced, reduced by 30% – Honeywell Group
The Honeywell Group has said that its loan with First Bank is being serviced as the conglomerate had reduced the facility by 30% in the last two and half years. This was disclosed by the Group in a statement issued on Sunday. According to the statement, the company and the bank have had a professional…