Author: Citynews

The Nigeria police, Wednesday indicted Sterling Bank over alleged money laundering, fraudulent deductions and other financial crimes by its staff members.This was contained in a report presented to the House of Representative Committee on Public Petition during the hearing of a petition by Miden Systems Ltd against Sterling Bank, Central Bank of Nigeria (CBN) and Shell Petroleum in Abuja.Miden system Ltd had petitioned the Committee on alleged mismanagement, fraudulent debit, and misappropriation of funds from its account domiciled with Sterling bank.Presenting the report before the committee, the representative of the Inspector General of Police, Kabiru Yahaya and Sunny Amison, both…

Joyful winners in the ongoing Glo Festival of Joy promo received their prizes at a special presentation ceremony held by Globacom at its Aminu Kano Crescent office, Abuja, on Wednesday.A brand-new Toyota Prado, a brand-new Kia Picanto, a Keke Napep, and numerous other prizes such as sewing machines, grinding machines, and power generating sets were taken home by the lucky and loyal Glo subscribers.Sarah Ilya Madu, a federal civil servant in Abuja, received the keys to her brand-new Prado SUV from the special guests, Senator Simon Lalong and Senator Yemi Adaramodu, Chairman of the Senate Committee on Youth Development, who…

In a high-profile legal battle, Mr. Yisa Usman, the former Deputy Director of the Joint Admissions and Matriculation Board (JAMB), has vowed to continue his fight against alleged corruption within the board despite facing threats and intimidation. Usman, who is suing JAMB over what he claims was an unlawful dismissal, made these statements during cross-examination at the National Industrial Court in Abuja.Usman, the sole witness in his case, revealed that he had written multiple petitions to government agencies accusing JAMB of corruption, particularly concerning financial infractions under the leadership of current JAMB Registrar, Prof. Ishaq Oloyede. He admitted to receiving…

The former French Minister of Transport, Mr. Djebbari Jean-Baptiste, has hinted at the desire of investors from his country to invest in the transport sector of Ogun State, especially the agro-cargo airport. Other areas of interest for the investors, according to Mr. Jean-Baptiste, are the Dry Port, the Olokola Sea Port, and the railway system. Fielding questions from newsmen after a closed-door meeting with the governor, Prince Dapo Abiodun, in his office at Oke-Mosan, Abeokuta, Mr. Jean-Baptiste said he was impressed with the level of infrastructural facilities at the airport, hence the need to draw the attention of French investors…

The Oyo State Government has partnered with telecommunications giant, Globacom, to revolutionize traffic management in the state. This collaboration marks a significant milestone in the state’s efforts to develop innovative solutions for traffic management. According to Chief Ebenezer Ogunwuyi, Chief of Staff to Governor Seyi Makinde whom he represented at the event, the partnership will usher in a new era of digitized traffic management in Oyo State. “As our cities grow and our economy expands, we need innovative solutions to ensure road safety, efficient traffic flow, and seamless urban mobility,” he emphasized. The Chairman of Oyo State Road Traffic Management…

In a world where compassion is increasingly vital, TM Foundation stands out as a beacon of hope and empowerment. Established in 2019 by the visionary Olatunde Mukaila Lawal, this South Africa-based organization is dedicated to uplifting the elderly, less privileged kids, and the vulnerable, fostering stronger communities through a mission rooted in dignity, love, and care.Making an Impact Since 2019TM Foundation began with a simple yet powerful goal: to create meaningful change for those often overlooked. Since its inception, the foundation has provided vital resources and emotional support to kids, seniors and young individuals, bridging the gap between generations and…

Depositors fund at Moniepoint Microfinance Bank (MMB) is currently under threat as suspected fraudsters removed N1.1billion Customers’ fund from their accounts.It was garthed that the bank had in April 2024 argued that it has strengthened its system, fraudsters and hackers stole Customers’ money in May, 2024, thereby, casting suspicion on the security and Safety of depositors’ fund with the bank.However, it was gathered that the bank is currently battling so hard to recover the huge billion allegedly stolen by the fraudsters from the bank.It was gathered that the hacker, Sunday Ozimede, was said to have invaded the vault of Moniepoint…

The race for knockout spots in Europe’s elite football competitions reaches the crunch phase this week, with matchday seven action in the UEFA Champions League, Europa League, and Conference League.The stakes are high with some of the big names in danger of elimination. From Tuesday to Thursday, GOtv will broadcast live action of some of the big matches. Here are the key matches you can access on GOtv:Benfica vs Barcelona: The Catalans go to Portugal knowing a win will seal their qualification spot. But the job won’t be easy. Benfica have all to play for in this tie. With 10…

The Asset Management Company Of Nigeria (AMCON), has said, the owner of Arik Air, Sir Johnson Arumem-Ikhide, is owing the company over N455.17billion.Speaking over the weekend, the Head of Corporate Communications Department of AMCON, Jude Nwauzor, said as at December 31st, 2024, Arik Air owed AMCON N227,637,469,394.34 billion; Rockson Engineering, N163,502,837, 397.75 billion, while Ojemai Farms owed the corporation another N14, 031, 457, 980.71 billion, totaling N455, 171, 764, 772.80.Nwauzor, however, stated that, AMCON’s intervention in the troubled Arik Air in February 2017, saved the carrier from liquidation, but vowed that it would ensure the recovery of the total debts…

Justice Ibironke Harrison of the Lagos State High Court has ordered the arrest of Access Bank’s acting Managing Director, Bolaji Agbede and three others for allegedly failing to appear for arraignment.The judge’s order also affected Balmoral International Limited, DDSS International Company Limited, and Adejare Adegbenro.Justice Harrison issued the arrest warrant after the Lagos State prosecution counsel, Uthman̈ Rilwan informed the court that he had served the defendants with notice, but they failed to attend the arraignment.The Lagos State government had filed a four-count charge of conspiracy, stealing, and attempted theft against the defendants.When the case was called, Rilwan informed the…