*Shell, Eni’s former executives to face corruption trial in May OpeOluwani Akintayo 14 April 2018, Sweetcrude, Lagos – Four Nigerian…
Browsing: First Bank
07 August 2017, Lagos – A Federal High Court, sitting in Lagos today ordered permanent forfeiture to the Federal Government of…
The seized money, according to the Economic and Financial Crimes Commission, was stolen from the Nigerian National Petroleum Corporation and stashed in three banks in Nigeria, in US dollars and Naira.
The OPL 245, an oil field believed to be the largest in Africa with over nine billion barrels of crude, was said to have been fraudulently acquired from the Federal Government by Malabu Oil and Gas Limited in 1998 and afterwards offered to oil giants, Shell and Agip, in a shady shady deal.
After ordering the temporary forfeiture of the monies to the Federal Government on Friday, Justice Hassan gave Sterling Bank and any other interested party 14 days to appear before him to prove the legitimacy of the monies, failing which the funds would be permanently forfeited to the Federal Government.
Kunle Kalejaye 21 November 2016, Sweetcrude, Lagos – Shell Companies in Nigeria, supported by the Nigerian National Petroleum Corporation, NNPC, has…
24 August 2016, Abuja – The Executive Director in charge of Public Sector at First Bank, Mallam Dauda Lawal, has allegeed…
The banks have failed to remit $2.1 billion, the government’s share of dividends from the state-owned gas company, NLNG. The banks were supposed to pay the money into the government’s account at the central bank but have failed so far.
24 August 2016, Lagos – The Central Bank of Nigeria, CBN, yesterday, suspended nine banks from further dealing in foreign…
*Economy looks up to MPC 23 May 2016, Lagos — The Central Bank of Nigeria, CBN, sold $142,646,892.01 to 15…