Tag Archives: banker

Bank officials, Emefiele set to commence redevelopment


Despite stiff opposition from stakeholders, the Central Bank of Nigeria (CBN) and the Bankers’ Committee have announced that it would commence the redevelopment of the National Arts Theatre in Lagos, by January 2020.

The CBN Governor, Mr. Godwin Emefiele, while making a presentation on the Bankers’ Final Briefing monitored on Channels Television Business Morning, announced that the Bankers Committee has received presentations from the project consultants.

He said the Bankers’ Committee, having reviewed their presentations, including project numbers and details, set up a governance and trustee committee to oversee the process that would lead to the award of contract for the bid winners.


‘‘The contract award is expected to go through a competitive bid process and that jobs for the commencement of the renovation works for the National Arts Theatre as well as the building and development of a creative hub must start by January 2020’’.

He said the hub would serve as a fulcrum for massive activities and events even after shows must have ended inside the theater.


The CBN boss added that the building of the hub within the National Theater wouldhelp create opportunities for people to come around and undertake different business and economic activities that would help not only to grow the economy of Lagos but that of Nigeria as a whole.

Two Nigerian companies, Topwide Apeas and Jadeas Trust, had in November, called on the Infrastructure Concession Regulatory Commission (ICRC), the Bureau of Public Enterprise (BPE), and the Board of the National Arts Theatre, to prevail on the CBN and the Bankers’ Committee to cease all plans for the redevelopment of the National Arts Theatre Complex, Iganmu, Lagos.


The call came on the heels of recent media reports that the CBN and the Bankers’ Committee have been given the go-ahead by the Federal Government to transform the National Arts Theatre Complex and the surrounding fallow ground into a creative industry park.

Topwide Apeas and Jadeas Trust, who are a part of a consortium comprising a team of international financial institutions and private sector partners, are claiming the rights to develop the structure via a concession granted by the ICRC.

Godwin Emefiele

Topwide Apeas Limited, through a letter by its law firm, Associated Attorney, and addressed to the ICRC, copying the CBN and the Bankers’ Committee, stated that they had emerged the preferred bidders to develop the national monument following a series of negotiations that started in 2003 with the Bureau of Public Enterprise, BPE, and later the ICRC.

The agreement was sealed by a Memorandum of Understanding (MoU) that mandated both companies to jointly execute the project via a harmonised master plan and under the terms of the project endorsed by the BPE and ICRC.


#Newsworthy…

(Must Read) Be careful of robbers new method – Police warn bank customers

…say robbers are now

The Ebonyi Police Command on Thursday said it had uncovered a new strategy used by criminals to rob bank customers.

The command’s spokesperson, Mrs Loveth Odah, made this known in Abakaliki.

Odah warned members of the public, especially bank customers, to always be security conscious whenever they make bank transaction.

According to her, the new strategy involves trailing their victims through a female member of their syndicate who are usually monitoring financial transactions around banks’ premises.

Odah said that such members of the syndicate usually hang outside the banks with cellophane bag containing nails that were usually planted either at the front or rear of the victims’ vehicles.

“As soon as the target comes out from the bank, enters the vehicle, he climbs the unsuspecting bag of nails that automatically punctures the tyres.

“The same people will follow you on a bike and will be showing you that your tyre is deflecting and as an unsuspecting citizen; you will stop the car, alight reluctantly to check your tyre without closing your door.

“They will reach out into the car, collect the money in your car without any stress and without shooting a gun, take it and speed off.

“The new strategy has been used to rob some bank customers by the criminals and we have arrested some of them including a woman who confessed their involvement in the crime.

“We are using this opportunity to alert the public on this latest antics of criminals and to advise bank customers to use security when withdrawing huge amount of money.

“Also car owners should always ensure that they use the car central lock while driving and whenever they alight from the car,’’ Odah said.

The spokesperson said that the command was fully prepared to protect the lives and property of every citizen before, during and after the Yuletide.

“The Christmas period is a season we usually experience heavy human and vehicular traffic with attendant social ills.

“Bad elements in our midst will want to exploit the season to break the law by committing all sorts of crimes.

“Though, Ebonyi is relatively crime free and the most peaceful in terms of crime in the South-East zone, we are still not going to relent in ensuring that we maintain the status quo.

“We urge the public to cooperate with the police and when they see something, they should say something and a quick response by the police in crime situation will help put smiles on the victim or victims’ faces.

“We have given out distress call numbers so that the public can reach us promptly and we are assuring members of the public that police and other security agencies will ensure adequate protection of lives and property of the citizens,’’ she added.

The spokesperson also advised parents not to leave their children in isolated places to avoid being preyed upon by suspected ritual killers and child traffickers.

#Newsworthy…

Former Banker And Staff Of The Oyo State Microfinance Bank LTD Jailed 6 years for N11m Theft.

Justice Mohammed Owolabi of the Oyo State High Court on Friday, November 29th sentenced a former staff of the Ayete Microfinance Bank Limited, situated in Ayete, Oyo State, Sunday Fadayomi to six years imprisonment without an option of fine.

Pronouncing Fadayomi guilty of all the 30 count criminal charges filed against him by the Economic and Financial Crimes Commission, EFCC, Ibadan zonal office, Justice Owolabi sentenced him to jail for stealing N11 million from the bank’s vault while he was a staff of the bank.

The convict is an information system expert in charge of the bank’s information technology section, the position he held for about 10 years before his criminal exploits were blown open. The bank, in a petition dated April 17, 2018, had accused him of sundry criminal activities, including posting money to customers’ accounts without tellers, posting cash deposit at weekend when the bank was not opened for operation, accessing loans without intention to pay and using proxy accounts to commit fraud, among others.

After firming up its series of investigations into the allegations, the EFCC arraigned him on the 30-count charge on May 17, 2018. Fadayomi, however, pleaded not-guilty to all the charges which border on stealing, contrary to Section 390 (6)(9) Criminal Code of Cap 38, Vol. 2 Laws of Oyo State, 2000. His plea led to a full trial which came to a halt on Friday. The EFCC was represented in the case by Ifeanyi Agwu and Oyelakin Oyediran.

After considering arguments by the prosecution and defence lawyers, Justice Owolabi held that the EFCC lawyers convinced the court that the accused indeed committed the offence with which he was charged. The court further ordered the convict to restitute the N11m he stole to the bank.

#Newsworthy…