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  • VIDEO: China Uses Tanks To Stop People Getting Their Own Money From Banks

    . VIDEO: China Uses Tanks To Stop People Getting Their Own Money From Banks

    A video showing tanks on the streets in China, that are out to protect the banks has left internet users shocked.It is understood that this is because the Henan branch of the Bank of China is declaring that people’s savings in their branch are now ‘investment products’ and can’t be withdrawn.The clip from Henan shows a long queue of tanks
  • IPOB: Sit-at-home: Banks, Schools, Marketplaces Shut in Owerri

    .IPOB: Sit-at-home: Banks, Schools, Marketplaces Shut in Owerri

     Businesses in Owerri were shut today in compliance with the sit-at-home order allegedly issued by the Indigenous People of Biafra. Punch reported that Owerri, the Imo state capital was deserted as residents stayed indoors. Though IPOB had insisted that it was not part of the weekly sit-at-home order, but residents of Owerri, Imo state, had contin
  • 41-Yr-Old Nigerian Man, Tunde Adeowo Admits Committing $6 Million Fraud Across 12 Banks In US

    . 41-Yr-Old Nigerian Man, Tunde Adeowo Admits Committing $6 Million Fraud Across 12 Banks In US

     Tunde Adeowo, a 41-year-old Nigerian man in the United States, has admitted he played a role in a bank fraud conspiracy that targeted 12 financial institutions in southern New Jersey and southeastern Pennsylvania, according to SaharaReporters.Adeowo who was charged with one count of conspiracy to commit bank fraud pleaded guilty before U.S. Distri
  • CBN Fines Three Banks N800m For Flouting Cryptocurrency Order

    . CBN Fines Three Banks N800m For Flouting Cryptocurrency Order

     he Central Bank of Nigeria (CBN) has fined three banks a total of N800million for failing to comply with the directive to block customers from transacting in cryptocurrencies...Recall that in February 2021, the apex bank directed banks to close accounts of persons or entities involved in cryptocurrency transactions within their systems...In the ci
  • "Stop Bringing Mutilated Banknotes To Us From April 1" - CBN Warns Banks

    . "Stop Bringing Mutilated Banknotes To Us From April 1" - CBN Warns Banks

     The warning is contained in a circular issued in Abuja by Ahmed Umar, the Director, Currency Operations Department of CBN, which he said took effect from April 1.The News Agency of Nigeria (NAN) reports that composed banknotes are mutilated currency notes comprising several parts of different banknotes of the same denomination.The parts of such cu
  • Nigerian Senate Passes Bill Mandating Banks To Report Deposits Above N5M To EFCC

    . Nigerian Senate Passes Bill Mandating Banks To Report Deposits Above N5M To EFCC

     The Senate on Wednesday March 16, passed a bill to amend the Money Laundering Act 2011The new bill now makes it mandatory for banks and other financial institutions to report, in writing, to the Special Control Unit Against Money Laundering under the Economic and Financial Crimes Commission, any single transaction or lodgment in excess of N5m for
  • ";Wealthy People With N1bn Worth, But Owing Banks N10bn Are Stupid"; - Bishop David Oyedepo

    . ";Wealthy People With N1bn Worth, But Owing Banks N10bn Are Stupid"; - Bishop David Oyedepo

     Bishop David Oyedepo, founder, Living Faith Church Worldwide has said there are many stupid wealthy people whose net worth is N1bn but owing banks N10 billion.Oyedepo, speaking at a mid-week communion service at Canaanland, Ogun State said there is a kind of wisdom that made one looked like they are not of this world. “It is not found in the la
  • "Wealthy People With N1bn Worth, But Owing Banks N10bn Are Stupid" - Bishop David Oyedepo

    . "Wealthy People With N1bn Worth, But Owing Banks N10bn Are Stupid" - Bishop David Oyedepo

     Bishop David Oyedepo, founder, Living Faith Church Worldwide has said there are many stupid wealthy people whose net worth is N1bn but owing banks N10 billion.Oyedepo, speaking at a mid-week communion service at Canaanland, Ogun State said there is a kind of wisdom that made one looked like they are not of this world. “It is not found in the la
  • Federal Government Shuts Illegal Online Banks, Freezes Business Accounts

    . Federal Government Shuts Illegal Online Banks, Freezes Business Accounts

     The Federal Competition Consumer Protection Commission (FCCPC) in conjunction with the Independent Corruptb Practices Commision(ICPC) and the National Information Technology Development Agency(NITAD) have raided some loan application platforms over consumer rights abuse.Some of the raided companies included; GoCash, Okash, EasyCredit, Kashkash, Sp
  • Nigerian Banks Stop Usage Of ATM, PoS Transactions Abroad Over Dollar Scarcity

    .Nigerian Banks Stop Usage Of ATM, PoS Transactions Abroad Over Dollar Scarcity

     According to a report by SaharaReporters, Deposit Money Banks have begun suspending their Automated Teller Machine cards (debit and credit) from working overseas as dollar scarcity continues to hit the economy badly.Also suspended by the banks are online transactions priced in foreign currencies.This means that customers of the banks will no longe
  • Watch Outrageous Moment Thieves Carried Money Out From 3 Banks After Successful Operation

    .. Watch Outrageous Moment Thieves Carried Money Out From 3 Banks After Successful Operation

     A video that captured moment robbers carted away money from one of the commercial banks they robbed in Uromi area of Edo state, has been shared online. Six persons were killed following the [size=14pt] gunmen attack on commercial banks [/size]in Uromi, Esan North East Local Government Area of Edo State, a police official said. The incident
  • JUST IN: Not Less Than 5 Person Reportedly Killed As Robbers Attack 3 Banks In Edo

    . JUST IN: Not Less Than 5 Person Reportedly Killed As Robbers Attack 3 Banks In Edo

     No fewer than five persons, including a policeman, were reportedly killed on Thursday evening when robbers attacked three commercial banks in Uromi, the headquarters of Esan Northeast Local Government in Edo State.The operation, which lasted for one hour, saw residents scampering for safety with security agents caught unawares.They reportedly esca
  • CBN Announces Date It Will Stop Selling Forex to Banks

    .CBN Announces Date It Will Stop Selling Forex to Banks

     The Central Bank of Nigeria (CBN) has revealed that it will no longer sell forex to banks by the end of 2022. CBN Governor Godwin Emefiele made this known in Abuja on Thursday at the end of the Bankers’ Committee Meeting where he also introduced the RT200 Programme. Emefiele said the time had come for the banks to go out there and source for for
  • Singer, Reekado Banks Calls Out Bolt On His Producer’s Missing Bag

    .Singer, Reekado Banks Calls Out Bolt On His Producer’s Missing Bag

     Nigerian singer, Reekado Banks has called out online taxi service company, Bolt, for not coming to his producer’s aid after he lost his bag in one of its taxis.The ‘Ozumba Mbadiwe’ crooner, who complained on Twitter yesterday, said that his producer mistakenly left his bag, which had a hard drive containing his songs, in a Bolt ride.He said
  • Armed Robbers Attack Three Banks In Kogi, Kill Little Girl, Two Others

    . Armed Robbers Attack Three Banks In Kogi, Kill Little Girl, Two Others

     A robbery attack on three first-generation banks has left three persons dead. It was gathered that the incident happened in Egbe, the commercial hub of Yagba West Local Council of Kogi State. The incident, according to eyewitnesses, started at about 3pm on Tuesday and lasted for about two hours as the police operatives tried to repel the robbers.
  • You Be Giant For Your Pocket - Reekado Banks Comes For Burna Boy In New Song

    . You Be Giant For Your Pocket - Reekado Banks Comes For Burna Boy In New Song

     Nigerian singer, Reekado Banks has dropped a subtle sub for Grammy-winner and self-acclaimed African Giant, Damini ”Burna Boy” Ogulu. Reekado born, Ayoleyi Hanniel Solomon, recently released a new song titled; Ozumba Mbadiwe, and it has been trending largely due to some of the lyrics which appear to be targeted at Burna. Ozumba Mbadiwe, is als
  • Sunday Igboho Has 43 Account In 9 Banks, Federal Government Has Identified His Sponsors -Malami

    . Sunday Igboho Has 43 Account In 9 Banks, Federal Government Has Identified His Sponsors -Malami

     The Federal Government on Friday revealed an alleged sponsor of self-acclaimed Yoruba activist and the major pioneer of the agitation for Oduduwa Republic, Sunday Adeyemo, also known as Sunday Igboho.Abubakar Malami, the Attorney General Of The Federation And Minister Of Justice disclosed this during a press conference in Abuja, the nation’s cap
  • Commercials Banks Shut Down As Robbers Send ‘Notice Of Attack’ In Ogun

    . Commercials Banks Shut Down As Robbers Send ‘Notice Of Attack’ In Ogun

     Commercials banks in Ijebu-Ode area of Ogun State have refused to open for business over fear of being attacked by armed robbers.Sources said the banks have since Monday down tools following letters allegedly sent to some of them by the suspected robbers.The fear of the bankers were not unconnected with the way some of the banks were robbed some y
  • EFCC Tells Banks To Investigate Customers Source Of Income

    . EFCC Tells Banks To Investigate Customers Source Of Income

     The Economic and Financial Crimes Commission (EFCC) has asked banks to investigate the source of income of their customers. The chairman of the commission, Abdulrasheed Bawa, said this on Tuesday, 24th August 2021, when members of the Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN) paid him a courtesy visit in Abuja.Bawa said s
  • Residents of Edo State Without COVID-19 Vaccination To Be Denied Entry into Banks, Churches

    . Residents of Edo State Without COVID-19 Vaccination To Be Denied Entry into Banks, Churches

     Residents of Edo State without evidence of COVID-19 vaccination, will no longer be allowed access to public and private places, including banks, event and worship centres, from the second week of September.The State Governor, Mr. Godwin Obaseki, announced this on Monday in Benin, while flagging off the second phase of Coronavirus vaccination exerc
  • OSUN BANKS ROBBERY! Police Recovers Suspect Vehicles, Ammunition

    . OSUN BANKS ROBBERY! Police Recovers Suspect Vehicles, Ammunition

     Osun State Police Command, Friday disclosed that it has recovered operational vehicles the dare devil armed robbers used to rob banks in Iree, a community in Boripe Local Government area of the state.The Armed robbers numbering over 20 on Thursday afternoon, stormed the community, attacked a police division and robbed two commercial banks simultan
  • "We’ve Recovered N89.2 Billion Excess & Illegal Charges Slammed On Nigerians By Banks" — CBN

    . "We’ve Recovered N89.2 Billion Excess & Illegal Charges Slammed On Nigerians By Banks" — CBN

     The Central Bank of Nigeria, CBN, has disclosed that it has so far recovered N89.2 billion excess and ill*gal charges slammed on customers by banks in Nigeria.Meanwhile the apex bank also said that Nigeria’s financial system is sound, resilient and stable contrary to rumors in unnamed quarters.The CBN Governor, Godwin Emefiele, represented by th
  • One Person Killed As Armed Robbers Attack Two Banks In Osun

    . One Person Killed As Armed Robbers Attack Two Banks In Osun

     One person was reportedly killed when armed robbers attacked two new generation banks in Iree in Boripe Local Government Area of Osun State.According to The Nation, the armed robbers invaded the bank around 3:50 pm on Thursday and started shooting indiscriminately to scare residents and invade the banks.Osun police spokesperson, SP Yemisi Opalola,
  • Just In: One Feared Dead As Robbers Attack Two Banks In Osun State

    . Just In: One Feared Dead As Robbers Attack Two Banks In Osun State

     Armed robbers on Thursday afternoon robbed two commercial banks in Ire, Osun State.We gathered that a stray bullet killed a yet-to-be-identified student during the operations.According to an eyewitness, the armed robbers stormed the United Bank of Africa, UBA, and another bank at Boripe Local government.The daredevils were said to have escaped thr
  • Outrage as Nigerian Banks Now Charge Mandatory N6.98 For Every USSD Transaction

    . Outrage as Nigerian Banks Now Charge Mandatory N6.98 For Every USSD Transaction

     Commercial banks and mobile network providers in Nigeria have started charging customers a flat rate of N6.98 for every USSD transaction.Many users of USSD services in Nigeria started to see a notice to pay N6.98 for each transaction session on Friday, June 4.A notice received by a bank customer read, “Welcome to USSD Banking. Please note, a N6.
  • Outrage as Nigerian Banks Now Charge Mandatory N6.98 For Every USSD Transaction

    . Outrage as Nigerian Banks Now Charge Mandatory N6.98 For Every USSD Transaction

     Commercial banks and mobile network providers in Nigeria have started charging customers a flat rate of N6.98 for every USSD transaction.Many users of USSD services in Nigeria started to see a notice to pay N6.98 for each transaction session on Friday, June 4.A notice received by a bank customer read, “Welcome to USSD Banking. Please note, a N6.
  • House Of Rep Member, Gbajabiamila Express Concern Over Banks Hidden Charges Imposes On Customers

    . House Of Rep Member, Gbajabiamila Express Concern Over Banks Hidden Charges Imposes On Customers

     The Speaker of the House of Representatives, Femi Gbajabiamila, has expressed concern over the way Deposit Money Banks charge account holders indiscriminately, decrying that apart from known charges, there appeared to be other ‘hidden’ charges that banks imposed on their customers.Gbajabiamila, who noted that the House was concerned that such
  • My Girlfriend Stabbed My Cook For Cooking For Me - Nigeran Artist Reekado Banks Reveals

    . My Girlfriend Stabbed My Cook For Cooking For Me - Nigeran Artist Reekado Banks Reveals

     Popular Nigerian singer, Ayoleyi Hanniel Solomon better known by his stage name, Reekado Banks, has revealed the extreme action his jealous girlfriend took against his cook. According to Reekado, his girlfriend stabbed his personal cook for cooking his meal in her absence. He made the revelation during a question and answer session on Instagram, a
  • "We Are Not Voting Anyone Who Has No Plans Of Reforming The Police For Good" - Reekado Banks

    ."We Are Not Voting Anyone Who Has No Plans Of Reforming The Police For Good" - Reekado Banks

     Popular Nigerian singer,  Reekado Banks has disclosed the kind of leaders he will vote for in the upcoming Presidential Elections.Reekado Banks in his tweet said leaders who have no plans of reforming the police for good, will not be voted in. He Tweeted; "We are not voting in anyone who has no plans on reforming the police for good.&
  • USSD! Banks Unblock MTN, Reconnect Telco To Banking Channels

    .. USSD! Banks Unblock MTN, Reconnect Telco To Banking Channels

     After 48 hours of disconnecting MTN customers from banking channels including the Unstructured Supplementary Service Data and banking apps, commercial banks on Sunday have reconnected MTN customers to banking channels, The PUNCH can confirm.Punch correspondent gathered that the development followed the intervention of the Minister of Commu

News and Updates

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