Author: Citynews

New facts have emerged on how Access Bank clandestinely granted N1 billion loan to a going concern, DDSS International Company limited, using a property belonging to another company, MOB Integrated Services, run by Gbolahan Obanikoro, as collateral without the owner’s consent or knowledge.Details of the loan provided by insiders, revealed that the property, owned by MOB Integrated Services, was first used to guarantee a loan of N193,139,200 to Balmoral International Limited on May 21, 2013, from the now acquired Diamond Bank.The credit facilities, referenced AOB/BB/VO/AD/031/05/2013, also included N120 million term loan and N20 million import duty facility.The term of the…

Usman Yusuf, a former executive secretary of the National Health Insurance Scheme (NHIS), has been arrested by operatives of the Economic and Financial Crimes Commission (EFCC) for alleged fraud.Dele Oyewale, EFCC spokesperson, confirmed the arrest to TheCable.Yusuf was arrested by EFCC operatives at his residence on Wednesday.Oyewale said the former executive secretary will be arraigned today at Court 44, federal capital territory (FCT) high court, Kuje.According to the court document seen by TheCable, the EFCC charged Yusuf with allegedly using his position at the time to confer undue advantage to himself by approving the purchase of a vehicle at the…

A Senior Advocate of Nigeria Dr. Monday Ubani, has called for compensation for individuals wrongfully detained without trial, insisting that Nigeria’s legal system must hold authorities accountable for prolonged incarceration.“If someone is detained and the authorities cannot initiate a trial within a month or two, then the person should be released. Damages should also be paid for the wrongful detention,” Ubani stated.Ubani, who is the Principal Partner at Ubani & Co., during at recent interview lamented that many detainees spend years in correctional centres without ever being charged to court, calling it a grave violation of fundamental rights.Ubani shared cases…

Plans are in top gear by the Ogun State Government to leverage the use of technology and the Internet to produce, distribute, and generate clean, quality water for residents.The Special Adviser to the Ogun State Governor on SDG and Water Resources, Hon. Damilola Otubanjo, made this known during an assessment tour of water generation facilities in the state capital.Otubanjo also said that the state government will continue to pay a lot of attention to quality assurance, adding that there are several plans by the government to ensure that the water corporation isn’t just producing water but producing it sustainably.”We need…

Iconic thespian and educationist, Professor Helen Paul has addressed the political dilemma of a country in her new book titled ‘My Dog, My Life Decisions’. The book, which is currently available on digital platform, Amazon is a two-part drama with dual titles. It is a satirical expose of the happenings in a country described figuratively as a dog and the citizens’ outcry.The first part, titled “My Dog, My Life Decisions,” exposes the dilemma of a campaign manager who campaigned for the ruler in power, who breached all the campaign promises while the citizens suffered from bad rulership. Then came the…

The National Industrial Court in Port Harcourt has deemed the 2014 termination of Mr. Patrick’s employment by United Bank for Africa (UBA) as wrongful and ordered the bank to pay compensation totalling N12.5 million in a landmark ruling, Apples Bite reports.Justice Zaynab Bashir found that UBA breached the employment contract by failing to provide proper notice or payment in lieu of notice at the time of termination. The court awarded Mr. Patrick N8.25 million for two-time recognition as a role model in the bank’s appraisal reports, N2.25 million for outstanding performance recognition, and N2 million in general damages.The case stemmed…

For his exceptional leadership and contributions to banking and finance, the Board Chairman of Fidelity Bank Plc, Mr Mustafa Chike-Obi, has been presented the Lifetime Achievement Award at the Thisday Awards.At a well-attended event featuring leaders across Nigeria’s public and private sectors, the erudite banking professional joined a host of awardees who were recognized for their leadership across various sectors of the economy.Lauding the event organisers for the recognition, Chike-Obi said, “This is one of the proudest moments of my life. I thank the Thisday team, led by the ebullient Prince Nduka Obaigbena, for this award and I wish them…

The Leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele has kicked off his annual thanksgiving with awards and visitation to church members in their various houses.The 2025 Thanksgiving tagged ’21 days of appreciation’ kicked off on Sunday, 26th of January 2025, just immediately after the church’s annual convention.During the service on Sunday, Primate Ayodele called on dedicated church members and awarded them for their efforts in promoting the gospel of Christ. He gave them medals, indicating his appreciation of their efforts while he empowered some members of the church as he normally does.The appreciation cut across every member of…

Prince Taofeeq Fatai Adeyemi Emiolu lll of Iresa-Adu Kingdom has extended his warmest congratulations to his brother, High Chief Tajudeen Aresa, on his appointment as the new Baale Oke Pupa in Osogbo Land, Osun State. Prince Taofeeq Adeyemi expressed his gratitude to the Ataoja of Osogbo, Oba Jimoh Laroye, for the successful installation of Chief Tajudeen Aresa and wishes him a prosperous and successful tenure as the Baale of Oke Pupa. As all the members of the Aresa family living in Nigeria and diaspora, we stand united in support of Chief Tajudeen Aresa and look forward to witnessing the positive…

The Noble Association of Social and Resourceful Editors (NASRE) has commended Zenith Bank for its recent groundbreaking initiative to promote over 4,000 employees while implementing salary increments of 20% to 30% across various staff grades. The association lauded the bank for setting a high standard in employee welfare and fostering productivity in the Nigerian financial sector.Speaking on behalf of NASRE, the association’s President, Comrade Femi Oyewale, described Zenith Bank’s actions as a reflection of its commitment to its workforce and an exemplary display of corporate responsibility. “Zenith Bank’s initiative to prioritize its employees’ welfare is a testament to its understanding…