Author: Newsjaunts
WEMA Bank found itself on the wrong side of 7 Nigerian laws in 2023, paying penalties totalling N61.350 million in one yearThis was revealed in the bank’s full-year 2023 financial statement, which showed that the lender contravened a cybersecurity law, a section of the Bank and Other Financial Institutions Act (BOFIA) 2020, the Central Bank of Nigeria (CBN) circulars on Know Your Customers, among others. On the cybersecurity framework contravention, Wema Bank received a fine of N2 million, but the lender was fined N20 million for breaching Section 19(3A) of BOFIA, 2020.Also, Wema Bank was made to pay N17.45 million…
The Governor of Ogun State, His Excellency, Prince Dapo Abiodun, CON, has approved the appointment of Mr. Kehinde Olufemi Onasanya as the new Head of the Service for Ogun State. Onasanya is to take over from Mr. Kolawole Fagbohun who has served meritorious before his retirement. Until this appointment, Mr. Onasanya was the Permanent Secretary, Bureau Political Affairs and Administration. He joined the Civil Service as an Information Officer, GL. 08 on 2rd December, 1993 and rose through the ranks to a Director GL. 17 till he was appointed Permanent Secretary on 2nd October, 2020. Mr. Onasanya is a thoroughbred…
The Central Bank of Nigeria, CBN, has prohibited the use of Foreign Currency-denominated collaterals for Naira loans by all Nigerian banks. The apex bank disclosed this on Monday in a letter to all commercial banks signed by its Director Banking Supervision Department, Adetona Adedeji. However, the new guidelines gave exception to Eurobonds issued by the Federal Government of Nigeria and Guarantees of foreign banks, including Standby Letters of Credit. “The Central Bank of Nigeria has observed the prevailing situation where bank customers use Foreign Currency (FCY) as collaterals for Naira loans. “Consequently, the current practice of using foreign currency-denominatedcollaterals for…
It’s heartwarming how our heroes past had laboured before what we know as Christian religion was established and sustained even in most remote areas in Africa. Miss Ruth as been knowned, a citizen of Britain encounters one of her protegees who long to see her again, read the excerpt below to feel the awesome moments of his visit:Courtesy and check-up visit to Sister Ruth Elton earlier today in my land of birth and preparation – Ilesa, Osun State.She’s about turning 90..a tear dropped from my eyes ‘cause she could hardly recognize me anymore. Sense of hearing and speech almost gone…
Two new products, which provide internet connectivity solutions specially designed for Residential and SME commercial customers, have been unveiled by digital solutions company, Globacom. The products, Fibre to the Home (FTTH) and Fibre to the Business (FTTB) were packaged for Glo customers to enjoy reliable and high speed internet through linked fibre services. Globacom said in a statement in Lagos “With these services, businesses and homes can access dedicated internet speeds of up to 1GBps, allowing unlimited internet usages for seamless video calls, video and music streaming and a whole lot of other dedicated usages to promote business success and equally provide endless entertainment…
As part of its ongoing commitment to eliminate hunger among vulnerable persons in the society, Abbey Mortgage Bank, a leading primary mortgage bank in Nigeria, has distributed over 400 food packs to Kuramo community in Victoria Island, Lagos State. The donation is an initiative under the bank’s Corporate Social Responsibility Initiative tagged “Nourishing Communities” created to reach out to vulnerable persons and reduce the effect of hunger and poverty in the society. Speaking during the distribution of the food packs to Kuramo community that includes: Adetokunbo Ademola street; Olosa Street; Karimu Kotun Street; Oyin Jolayemi Street; and Oko Awo Street; Mr. Dipo Adeoye,…
Reinforcing her commitment to a delightful consumer experience, Bigi Carbonated Soft Drinks, a leading brand from Rite Foods Limited, hosted 40 lucky fans to an impressive Easter celebration. This exciting Easter movie hangout took place at Silverbird Cinemas, Ikeja City Mall, Lagos, and featured a screening of the movie, “Beast of Two Worlds (Ajakaju)”.The movie’s portrayal of traditional Nigerian society alongside its thrilling plot left the Bigi consumers thoroughly entertained. After the movie, the fans received exciting freebies and expressed their gratitude to the Bigi brand for this special Easter treat.Biola Aransiola, Assistant Brand Manager, Bigi, commented on the event,…
Africa’s leading digital payment and commerce company, Interswitch, has said it is pertinent for oil and gas businesses to leverage digital solutions to drive the growth and sustainability of the energy sector. The company made this known at the first edition of the Interswitch Energy Summit, held at the Oriental Hotel, Victoria Island, Lagos. At the summit, representatives of oil and gas companies and other stakeholders were introduced to innovative solutions designed by Interswitch Energy and informed of their robust benefits. The Interswitch Energy Summit, themed “Harnessing Digital Transformation in the Energy Sector’, provided insights, strategies, and robust opportunities for…
The Nigerian Union of Journalists (NUJ), Ogun State chapter, led by its Chairman Comrade Wale Olanrewaju has extended his warm felicitations to the legendary musical icon, Chief Ebenezer Obey Fabiyi, as he celebrates his 82nd birthday anniversary.Renowned for his timeless contributions to the Nigerian music industry, Ebenezer Obey’s influence transcends generations, captivating audiences with his soulful melodies and inspiring lyrics.Comrade Wale Olanrewaju, in his congratulatory message on behalf of NUJ, expressed profound admiration for Obey’s remarkable achievements and unwavering commitment to excellence throughout his illustrious career. He hailed Obey as a true cultural ambassador whose music has left an indelible…
In celebration of his 49th birthday on the 2nd of April, The Chairman and Chief Executive Officer of Adron Homes and Properties; Aare Adetola Emmanuelking and his wife Yeye Aderonke Emmanuel King were both inducted and decorated as Otun Asiwaju Onigbagbo and Yeye Otun Asiwaju Onigbagbo of Remo Land at the Communion Faith Assembly, Garden of Faith, Kemta House Estate, Idi-Aba Abeokuta Ogun state. At the Induction ceremony, Aare Adetola and His beautiful wife were ordained by top Ogun State clergymen and members of the Christian Association of Nigeria CAN Ogun State Chapter under the leadership of Bishop Dr TUNDE…