Stanbic IBTC,Visafone sacks 310 employees
Why are Naija companies laying off staff? Yesterday April 30th Visafone fired over 60 of their staff nationwide. Stanbic IBTC also sacked 250 of their staff. The sack takes effect from today May 1st.
The Stanbic IBTC sack yesterday crossed across al…
Oba Tejuosho says Access Bank is reckless with Shares
The Osile of Egbaland, Oba Adedapo Tejuosho says he would do anything legal to seek redress in court over what he described as “reckless and negligence” of Access Bank in the management of his shares. Gistmaster gathered that the traditional ruler in Ogun state has already approached a Lagos High Court and he is seeking 500 [...]
First Bank manager arrested,remanded in prison
A bank manager with First Bank Nigeria Plc at Illasa-Ekiti in Ikole local government area of Ekiti State, Ayodele Asaba, has been remanded in prison for allegedly having a hand in the robbery operation that took place in the bank in 2012. Asaba was dragged before an Ado-Ekiti Magistrates’ Court along with four other suspects; [...]
Akingbola rearrested by EFCC
Erastus Akingbola,the former Intercontinental bank chief has been rearrested by the Economic and Financial Crimes Commission (EFCC).A press statement by the commission confirmed the latest news. Akingbola slept in EFCC custody and he would be arraigned Tuesday before Justice Adeniyi Onigbanjo. Justice Archibong, that handled Akingbola’s alleged monumental fraud case has been sacked. EFCC disclosed [...]
How Peter Odili and Friends looted Rivers State-Saharareporters investigation
SaharaReporters has obtained detailed draft charges that never made it to the courts regarding the brazen looting of Rivers State treasury by the state’s former governor, Peter Odili. The documents show how Mr. Odili used a combination of government officials and personal companies disguised as fronts to fleece Rivers State to the tune of N100 [...]
Court freezes Ogunbambo,Fargo Petroleum boss bank accounts,Parkview home
ANigerian court has ordered the freezing of bank accounts belonging to Mr Oluwaseun Ogunbambo of Fargo Petroleum and his mansion inside Parkview estate,Ikoyi. Ahmadu Ali’s son who is also standing trial for subsidy payment crime also has a share of the ordeal. The Economic and Financial Crimes Commission (EFCC) obtained the order from the court [...]
Jim Ovia,Dangote,Emeka Offor others reward Super Eagles with cash donations
Few days after winning the finals of African cup of nations in South Africa,Nigerian Super Eagles and coach Stephen Kechi are already swimming in dollar rain.Billionaires such as Otunba Mike Adenuga,Alhaji Aliko Dangote, Jim Ovia,Tony Elumelu and Chief Emeka Offor have announced great package to them. Dangote donated the sum of N5 million naira each [...]
Friends desert Babalakin
Some friends of embattled businessman and prominent lawyer, Dr Wale Babalakin may have deserted him following allegations of massive financial impropriety leveled against him. Those who have done so,we gathered,are people who believe that their relationship can jeopardize their business and political interest,especially with the presidency. A source disclosed that Babalakin is fighting a serious war with [...]
AMCON takes over Wale Babalakin houses over GTBank N13 Billion debt
The Asset Management Corporation of Nigeria, AMCON, has taken possession of three property in Lagos and Rivers states, belonging to Chairman of Bi-courtney, Mr Wale Babalakin, over a N13.5 billion debt owed Guaranty Trust Bank, GTBank Plc. According to a statement by AMCON, yesterday, the property were registered in the name of Roygate Properties Ltd [...]
Nigeria’s most corrupt banker and politician
Why do people steal public funds so much that they want to build homes in space is still a shock to us at Gistmaster. Nigerian leaders keep stealing almost all the public funds in their care for private use. It is quite absord that most of them use the money to build houses,drive expensive cars [...]