Customer sue Stanbic IBTC Bank for N2 Billion over breach of contract

A limited liability company, Infinity Snacks and Beverages Limited,alleged to have suffered economic misfortune as a result of breach of contract by Stanbic IBTC bank Plc has slammed N2billion suit on the said bank. In a statement of claim filed before a Lagos high court,south west Nigeria by a Lagos lawyer, Barrister Olumide Sofowora SAN, […]

Stanbic IBTC staff,Kehinde Oyelade charged to court over N3 Million Fraud

A bank staff of Stanbic IBTC, a new generation bank in Nigeria has been arrested and charged before a Magistrate’s court sitting in Ejigbo for allegedly diverting the bank’s customer’s N3m in the account in Lagos State Western Nigeria. The 29-year old Kehinde Oyelade allegedly tampered with the bank’s computer and diverted the money belonging […]

Stanbic IBTC Directors suspended by Financial Council over Irregularities in Financial Statements

Stanbic IBTC Directors suspended by Financial Council over Irregularities in Financial Statements

The Financial Reporting Council of Nigeria has suspended the Chairman of Stanbic IBTC Bank Plc, Atedo Peterside; its Managing Director, Sola David-Borha; and two staff of KPMG, Arthur Oginga and Dr. Daru Owei, over accounting irregularities and improper disclosures in Stanbic IBTC’s 2013 and 2014 financial statements. The FRC in a statement on Monday, said […]