CBN Queries Board Of First Bank For Appointing New MD ‘Without Approval’

LAGOS APRIL 29TH (NEWSRANGERS)-The Central Bank of Nigeria (CBN) has queried the Board of the First Bank of Nigeria Plc for removing Dr Adesola Adeduntan, the Managing Director/Chief Executive Officer, without regulatory approval. The query is contained in a letter dated April 28, 2021, signed by the CBN Director, Banking Supervision, Haruna Mustafa, and obtained…

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Woman Hacks First Bank Account, Steals N16.2m

LAGOS JUNE 19TH (NEWRANGERS)-A 67-year-old woman has been arraigned before the Lagos State Magistrate Court at Igbosere, Lagos, for allegedly hacking into a First Bank Plc account and stealing N16.2million. The woman, Wuraola Folashade Oluloye, was arraigned on a five-count charge of fraudulent diversion, was arrested following a complaint from Solomon Akhanolu, Head of the…

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FirstBank Partners Azuri To Bring Solar To Millions In Affordable Price In Nigeria

LAGOS FEBRUARY 7TH (NEWSRANGERS) – Azuri Technologies, a leader in pay-as-you-go solar technology in Africa, and First Bank of Nigeria Limited today announced a unique partnership that will help deepen financial inclusion in Nigeria while bringing affordable, reliable and clean power to millions of Nigerians. Under the partnership, Azuri’s solar home TV product will be…

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N74bn Judgment: Ogoni Community Urges Court To Jail First Bank Chairman, Awosika

LAGOS APRIL 12TH (NEWSRANGERS)-Members of Ejama Community in Ogoniland have urged the Federal High Court in Lagos to jail the Chairman of First Bank Nigeria Limited, Mrs. Ibukun Awosika, over the bank’s alleged failure to pay them a judgment sum of N74bn. The community members had in 2010 got judgment against Shell Petroleum Development Company…

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