UBA Sued for ₦1bn Over Alleged Breach of Bank Secrecy and Privacy Laws
United Bank for Africa Plc, UBA Plc, is facing a ₦1 billion lawsuit over allegations that it unlawfully released confidential bank statements of a deceased...
Category : Banking and finance
Tony Elumelu’s UBA suffers system glitch as customers lose N180.5m
The United Bank for Africa (UBA Plc), chaired by Tony Elumelu, is grappling with the aftermath of a significant system malfunction that resulted in the...
Three Wema Bank Staff In Alleges N8.57bn Digital Scam, Manipulating Internal Systems – EFCC
In one of Nigeria’s most audacious banking fraud cases in recent years, the Economic and Financial Crimes Commission (EFCC) has charged three staff members of...
Alleged N76Billion Fraud: How Union Bank Sold Performing Loans As Non-performing To AMCON -Prosecution Witness
The Lagos State Special Offences Court, sitting in Ikeja, today was told how Union Bank Plc sold performing loans as non-performing loan to Asset Management...
Zenith Bank Suffers ₦5.26 Billion Fraud Loss, Sparking Concerns Over Customer Fund Security
Zenith Bank suffered ₦5.26 billion fraud loss in recently released 2024 financial records and this has sparked concerns over customer fund security. Despite posting a...
FG assumes full control of Keystone Bank
Keystone Bank has confirmed that it is now fully owned by the Federal Government of Nigeria, stating that the takeover will enhance its stability and...
CBN scraps free ATM withdrawals for other banks’ customers
The Central Bank of Nigeria has eliminated the three free monthly withdrawals previously allowed for customers using other banks’ ATMs. In a circular dated February...
Cool Financial Sues FCMB Over N150 Million Withdrawal From Frozen Account
Cool Financial Services, a Lagos State-based finance house, has sued First City Monument Bank (FCMB) for allowing Goewe and Sons Ltd., one of its borrowers,...
Fidelity Bank Fined N555.8m By NDPC For Data Breach
The National Data Protection Commission (NDPC) has imposed a hefty fine of N555.8 million on Fidelity Bank for violating its customers’ data privacy. This was...
FirstBank’s internal power struggle: Court orders FBN Holdings to suspend August 22 AGM over boardroom dispute
The Federal High Court sitting in Lagos has restrained FBN Holdings Plc from holding, conducting or hosting its 12th Annual General meeting scheduled for August...