Tag: Sterling Bank Plc

‘For Hoarding Cash During Yuletide,’ CBN Fines Zenith, First Bank, 7 Others N1.35Bn

Ganiyu Amodu

The Central Bank of Nigeria (CBN), has identified nine Deposits Money Banks (DMBs), as responsible for scarcity of cash in the country during the yuletide season. There was scarcity of cash during the yuletide season, thereby, making Nigerians go through harrowing experience before getting access to their money. Also, due to scarcity of cash, Point of Sales (POS) operators increased their charges by 100 percent. However, on Tuesday, the apex regulatory bank, identified and slammed a whooping N150million fine on each banks that hoarded cash and subjected Nigerians to suffering…

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Sterling Refreshes Romance With The Arts At Ake Festival

Ganiyu Amodu

Sterling Bank Plc, Nigeria’s leading financial institution, has said it is committed to supporting the annual Ake Books and Arts Festival because it sees Nigeria as part of a larger world and believes that Nigeria’s ultimate competitiveness lies in its energy. Executive Director at Sterling, Yemi Odubiyi, who disclosed this over the weekend in a goodwill message at the opening of the 10th edition of the Ake Books and Arts Festival said Nigeria can become a leader in the world and its creative people as part of its competitiveness. READ…

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Shell, AFC, GTBank, 6 Other Banks Drag Aiteo to Court Over $2bn Debts

ADESUPO OSOSANYA

The bickering between a group involving Shell, Africa Finance Corporation (AFC), and seven Nigerian bank, and Aiteo Eastern E&P Company Limited over $2 billion loan accessed by Aiteo has degenerated. A high court in England has ruled that Shell Plc, Africa Finance Corporation, and seven Nigerian banks have established their right to block Aiteo Eastern E&P Company Limited from taking legal action when a suit initiated by them against the oil firm has not been resolved. The verdict approving the “final anti-suit injunction” was delivered on April 1, according to…

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N1.8 bn fraud rocks Sterling Bank + how Bank staff stole customer’s money

Gbenga Adeoti

EFCC has testified in Court about a Sterling Bank customer’s account was profiled via internet banking and the sum of N1,790,558,0 00   The Nigerian financial institution, Sterling Bank Plc, led by Abubakar Suleiman, is currently enmeshed in a N1.8 billion (approximately) financial fraud. Platforms Africa reports that the fraud has rattled the lender’s financial position and it has landed one of the bank’s staff and a businessman in court. The case which is currently before an Ikeja High Court, Lagos, details how an official of the bank, Ifeanyichukwu Shallom…

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