3 Nigerian Banks To Pay N800M To CBN, Over Crypto Transactions

Banks

3 Nigerian Banks Fined 800M over crypto transaction Access Bank Plc, Stanbic IBTC, and the United Bank for Africa Plc, involved in crypto transactions  EDITOR’S PICK  NURTW Sacks MC Oluomo, Dissolves Lagos State Exco  FG To Borrow N720bn In Q2 – DMO 2023: Those Working Against Zoning Are Selfish – Wike EKO HOT BLOG has … Read more

Customers Lament Indiscriminate Bank Charges

Customers have lamented indiscriminate Bank charges. EKO HOT BLOG reports that customers have been lamenting about indiscriminate and unexplained charges on their accounts by various banks. The bank customers, in separate interviews with the News Agency of Nigeria (NAN) in Abuja on Saturday, complained that attempts to get clarification from their banks were usually met … Read more

Tony Elumelu Biography: From Applying For Unqualified Job To Owning A Tier-1 Bank

Tony Elumelu

Tony Elumelu Biography and how he moved from applying for an unqualified job to owning a tier-1 bank. Eko Hot Blog understands that a recent Instagram post of Tony Elumelu displaying some yoga moves generated a lot of comments like “the fittest billionaire in Nigeria,” “Billionaire workout routine,” “fitness goals” and the likes. There is a lot more to the … Read more

Bank Mistakenly Pays $175 Million To Customers On Christmas Day

Bank has mistakenly paid $175 million to customers on Christmas day. EKO HOT BLOG reports that UK bank Santander got into the Christmas spirit this year by paying out a total of £130 million ($175 million) to customers by mistake on December 25. The total payment was split over 75,000 transactions for around 2,000 corporate … Read more

Standard Chartered Launches Agency Banking

Standard Chartered Launches Agency Banking EKO HOT BLOG reports that Standard Chartered has launched its agent banking service as part of its digital banking proposition to clients. Speaking at the signing ceremony in Lagos, head of Consumer, Private and Business Banking at Standard Chartered Bank Nigeria Limited, David Idoro said: “we are pleased to launch … Read more

N19.3bn Bailout: Kogi Govt Drags EFCC To Court, Demands N35bn

Kogi Govt has dragged EFCC to court and demanded N35bn. EKO HOT BLOG reports that the Economic and Financial Crimes Commission (EFCC) has been dragged to court by the Kogi State Government as earlier threatened over the N19.3bn bailout fund allegedly hidden in a secret account by the state government. The EFCC said the money … Read more

Fight Breaks Out In Banking Hall As Bank Refuses To Reverse Customers’ Money

There was a little tension as fight broke out in a banking over bank refusal to reverse customers’ money. EKO HOT BLOG reports that there was a little tension as fight broke out in a banking hall of an undisclosed bank over the refusal of the management of the back to reverse customers’ money. In … Read more

Housewife Drags Brother-In-Law To Court Over N14.2m Inheritance

Housewife has dragged brother-in-law to court over N14.2m inheritance. EKO HOT BLOG reports that a housewife, Jecinta Uloma-Ibe on Thursday dragged her brother-in-law, Nnameka Magnus-Aguwa, before a High Court In Kaduna State over her late sister’s N14.2million inheritance. The plaintiff also filed a suit against Zenith Bank for refusing to transfer the money to the … Read more

BREAKING: Armed Robbers Currently Attacking Bank In Osun

Gunmen

Armed robbers are currently attacking a bank in Osun State.   EKOHOTBLOG reports that armed robbers on Tuesday afternoon attacked a branch of Wema Bank in Iragbiji, Boripe Local Government Area of Osun State.   The robbers were said to be inside the bank as of the time of filing this report.   The Wema … Read more

Polaris, Zenith, Six Other Banks Lose N1.9bn To Fraud In One Year – Report

Polaris, Zenith, Six Other Banks Lose N1.9bn To Fraud In One Year – Report

Polaris and Zenith banks incurred the biggest losses as a result of fraud within the review period, as they lost N938.4m and N360m respectively. Not less than eight deposit money banks in Nigeria lost a total of N1.9bn as a result of fraudulent incidents last year. This was according to data collated from their annual … Read more

BREAKING: Gunshots As Gunmen Attack Bullion Van In Ondo

Traditional Rulers, Ekiti, Gunmen

Gunshots rented the atmosphere in Ondo State as gunmen attacked a bullion van in the state on Wednesday. EKOHOTBLOG reports that unknown gunmen suspected to be armed robbers, on Wednesday, attacked a bullion van in Ondo State. It was gathered that the bullion van belonging to a commercial bank was attacked by the gunmen at … Read more

How Man Hacked, Stole N1.87 Billion From A Bank

DSP Johnson said the suspect successfully consummated debits (outflows) amounting to N417.5m through internet banking transfers to other banks.   A Nigerian man believed to have hacked into the server of an undisclosed Nigerian bank to steal N1.87 billion has been apprehended.  The suspect Salau Abdulmalik Femi, 38, was apprehended by detectives from the Special Fraud … Read more