Some suspected armed robbers on Wednesday attacked a bullion van on Akure-Ondo Expressway at Ireje village in Ondo East Local Government Area of Ondo State. According to an eyewitness, the robbers, numbering about 10, were inside two vehicles when they opened fire on the bullion van at about 1pm. It was …
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United Nations headquarters employee was arrested on Monday for robbing four banks over a two-month span, The New York Post reports. Nigerian national Abdullahi Shuaibu, 53, was charged with two counts of robbery and two counts of attempted robbery. All robberies were committed during his lunch breaks at banks within …
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The Nigerian banking sector’s profit fell by 28.4 per cent in the 2015 financial year, the just released Afrinvest 2016 Banking Sector Report showed. The report, released in Lagos on Wednesday, indicated that foreign exchange volatility and lower oil price led to a major decline in the fortune of the …
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The Managing Director of Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim has expressed concern on the increasing wave of non-performing insider loans in banks. A statement issued by the NDIC said Ibrahim expressed the concern while receiving a delegation from the Chartered Institute of Bankers of Nigeria (CIBN) led …
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The Economic and Financial Crimes Commission has raised the alarm about the activities of identity thieves and automated teller machine fraudsters in the country. It has also urged Nigerians to be more careful when carrying out transactions via ATMs and to avoid disclosing their Personal Identification Numbers to others. In …
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The Assets Management Company of Nigeria (AMCON), in its debt recovery process has taken over a building belonging to a construction company,G.Cappa over its unpaid N1.2 Billion debt. The building is located at 8,Taylor road,Ebute-Metta, Lagos and it is in line with the order of the Federal high court in …
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