Heirs Holdings expands portfolio in Oil and Gas, acquires OML 17 from SHELL Petroleum,TOTAL and ENI

Tony Elumelu’s Heirs Holdings (“HH”), the leading African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc (“Transcorp”), Nigeria’s largest publicly listed conglomerate, announced today the unconditional acquisition of a 45% participating interest in Nigerian oil licence OML 17 and related assets, through TNOG Oil and Gas Limited (a related company of […]

“Captain Hosa Okunbo is a fraud”-Tunde Ayeni alleges

Mr Tunde Ayeni has alleged that his business partner of 17 years,Captain Hosa Okunbo is a fraud. This allegation is coming months after Okunbo lost billions of naira in the Edo state election, where the candidate he sponsored lost the gubernatorial election to Governor Obaseki. Ayeni says Okunbo cheated him out of a business they […]

Justice Okunnu jailed former Finbank MD,Okey Nwosu

Justice Lateefa A. Okunnu of the Lagos State High Court sitting in Ikeja, on Tuesday, convicted and sentenced Mr. Okey Nwosu, former Managing Director, Finbank Plc, to three years imprisonment for over N10.9 billion fraud. The Economic and Financial Crimes Commission, EFCC, had arraigned Nwosu alongside Dayo Famuroti, Agnes Ebubedike and Danjuma Ocholi on a […]

Justice Okunnu jailed former Finbank MD,Okey Nwosu

Justice Lateefa A. Okunnu of the Lagos State High Court sitting in Ikeja, on Tuesday, convicted and sentenced Mr. Okey Nwosu, former Managing Director, Finbank Plc, to three years imprisonment for over N10.9 billion fraud. The Economic and Financial Crimes Commission, EFCC, had arraigned Nwosu alongside Dayo Famuroti, Agnes Ebubedike and Danjuma Ocholi on a […]

ALPHA DIRECT, OTHERS WIN AFRICA REINSURANCE AWARDS 2020

The African Reinsurance Corporation (Africa Re) expresses its sincere gratitude to all the participants and the judges of the just concluded 6th African Insurance Awards. Over 1,250 professionals took part in the 2020 edition which was held virtually this Friday, 18 December 2020. The winners of the four categories of awards were revealed as follows: […]

Simple way to apply for NMFB Youth Investment Fund

By Niyi Tabiti:Most people don’t know how to apply for Youth Investment Fund. First, you have to be sure of the authentic website address of nmfb. The name of the bank is Niral Microfinance Bank. I am going to make the entire process simple for you through this post. To apply for nmfb loan or […]

Crisis in Jaiz Bank over MD position between Usman and Khan

The controversy at Jaiz Bank Nigeria over who is the authentic managing director between Malam Hassan Usman and a successor, Mohammed Shaheed Khan may sank the financial institution reputation to record low in the face of the banking community. There appears to be a brewing boardroom bickering at Jaiz Bank Plc over the tenure of […]

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