Tag: Sterling Bank
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Court orders final forfeiture of N1.3bn looted from Sterling Bank after mysterious glitch
Justice D.I. Dipeolu of the Federal High Court sitting in Ikoyi, Lagos, has ordered the final forfeiture of N1,292,798,746.81 to the Federal Government of Nigeria, in favour of Sterling Bank Plc. The funds were fraudulently withdrawn by certain individuals following a system glitch experienced by Sterling Bank.
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Sterling Bank neck deep in money laundering, fraudulent deductions, police alleges
The Nigeria police has accused Sterling Bank of alleged money laundering, fraudulent deductions and other financial crimes by its staff. This was contained in the report presented by Nigeria Police Force to the House of Representative Committee on Public Petition during the hearing of a petition by Miden Systems Ltd against Sterling Bank, Central Bank…
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Sterling Bank appoints Mayaki as new board chairman
…as Ighodalo Asue quits to face Edo guber battle Sterling Bank Limited has announced a strategic change in its Board of Directors, with Mr. Olatunji Mayaki assuming the role of Chairman of the Board effective January 1, 2024, following the resignation of Mr. Asue Ighodalo, effective December 31, 2023. In a statement released by the…
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SMEDAN, Sterling Bank earmark N5bn loan for SMEs
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and Sterling Bank have set aside N5 billion loan for small businesses.
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New Naira notes worth N258m found hidden in Sterling Bank office
New Naira notes worth N258 million have been found hidden in the head office of Sterling Bank in Abuja, the federal capital territory (FCT).
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Sterling Bank faces sanction over distasteful Easter message
The Advertising Practitioners Council of Nigeria (APCON) has said it will sanction Sterling Bank Plc for a distasteful message the bank shared to commemorate 2022 Easter celebrations.
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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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Like Davido, Sterling Bank offers to assist Cynthia Morgan back to limelight
Sterling Bank PLC has offered to help popular Nigerian singer Cynthia Morgan get back on her feet again. The singer had been out of the music scene for sometime after a contract crisis with her music label and worse of all, an illness that consumed all her savings. In the latest Instagram Live chat with…
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COVID-19: Sterling Bank donates N250m to combat pandemic
Sterling Bank Plc, has contributed N250 million as part of its commitment to the newly formed Nigerian Private Sector Coalition Against COVID-19 created to help channel resources to combat the coronavirus disease under the theme: “We need you.” The bank, in an email to its customers, disclosed that it is working with the Bankers’ Committee…
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EFCC custody congested, says Prosecution Counsel
Economic and Financial Crimes Commission (EFCC) prosecution counsel, Idris Mohammad, on Monday told a Special Offences Court sitting in Ikeja, Lagos that EFCC custody was congested and, therefore, would not be able to accommodate suspected criminals anymore. TheNewsGuru (TNG) reports Mohammad made this known during the arraignment of the duo of Ogbor Kehinde Eliot and…