Author: Nationalmonitor

Guaranty Trust Holding Company Plc (GTCO), a leading financial services institution renowned for its innovative approach to corporate social responsibility (CSR) and stakeholder engagement, today announced the launch of its “Waste for Gas” project to improve quality of life for households and empower women in underserved communities. This transformative initiative aims to distribute 3,000 3kg gas cylinders with burners to low-income households in Obafemi Owode Local Government, Mowe, Ogun State. The Waste for Gas project underscores GTCO’s unwavering commitment to improving outcomes for people and communities. By providing households with gas-powered cooking, the initiative simplifies daily routines, freeing up time…

The Chief Executive Officer of Micheno Multi-Purpose Cooperative Society, Uno Eke, has been sentenced to one year in prison for conspiracy, obtaining property by false pretence, and money laundering amounting to N2bn.This was disclosed in a statement by the Economic and Financial Crimes Commission on its verified X handle on Saturday.The statement revealed that Eke was convicted by Justice Rosemary Oghoghorie of the Federal High Court in Calabar, Cross River State, after pleading guilty to four amended charges preferred against him by the Uyo Zonal Directorate of the EFCC.The statement partly read, “Justice Rosemary Dugbo Oghoghorie of the Federal High…

By Rasaq Hamzat Osun State has been in the news lately due to a crisis that erupted following a Court of Appeal judgment that reportedly reinstated the sacked local government chairmen, just a few days before the election of new council bosses. Meanwhile, the truth of the matter is that there was no part in the judgment that instructed the sacked chairmen to return to office. The appeal court only addressed the issue of jurisdiction, not the judgment that had sacked the chairmen in 2022 under the administration of former Governor Gboyega Oyetola. Immediately after the appeal court judgment, the…

…. Returns as Headline Sponsor for 2025 NBC Trade Fair Wema Bank, Nigeria’s most innovative financial institution and pioneer of Africa’s first fully digital bank, ALAT, has reaffirmed its dedication to empowering women-led businesses in the country. This reaffirmation was disclosed during the Bank’s announcement of its 80 years anniversary campaigns targeted at supporting and rewarding its existing and potential customers across the country.Reiterating its commitment to women led businesses and solidifying its role as a champion of gender inclusivity and economic growth, Wema Bank announced its return as the headline sponsor of the 2025 NBC Trade Fair, which will…

In anticipation of its 80th anniversary, Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, will be rewarding 80 customers with cash prizes in its Wema Bank 5 for 5 Promo Season 4 80th daily draw, set to hold virtually at 4 p.m. on Monday, February 24, 2024.  Wema Bank launched its 5 for 5 Promo in 2019 as an avenue to reward its customers for their active loyalty to the brand and its products. Since its launch, the Promo has disbursed over N150,000,000 to thousands of customers across Nigeria, across three seasons. Season…

The Universal Service Provision Fund (USPF) of the Nigerian Communications Commission (NCC) has handed over a new Information and Communication Technology (ICT) project to Ogun State Institute of Technology (OGITECH), Igbesa, Ogun State. The project named: Emerging Technologies Centre (ETC), sited on the Institute’s campus, is aimed at enhancing learning experience of students while providing a platform for digital innovation, research, and development (R&D) for the overall economic growth of Nigeria. The highlight of the inauguration and handover ceremony on Thursday was the signing of a landmark Memorandum of Understanding (MoU) aimed at ensuring effective utilisation and sustainability of the…

Nigerian Pastor Edward Abiodun Oluwasanmi has been arrested by the FBI for allegedly conspiring with Osun monarch Oba Joseph Oloyede to defraud the U.S. government of $4.2 million in COVID-19 relief funds.The U.S. District Court for the Northern District of Ohio indicted the duo on charges of conspiracy, wire fraud, and money laundering.According to court documents, Oluwasanmi, using his companies—Dayspring Property Incorporated, Dayspring Holdings, and Dayspring Transportation—submitted falsified loan applications to obtain pandemic relief funds.Prosecutors allege that in October 2021, he transferred $1 million of the funds to a brokerage account under Dayspring Transportation.The FBI arrested Oluwasanmi in Cleveland in…

High Court takes stand as family fights dirty over Herbert Wigwe’s estateA Lagos State High Court Family/Probate Court in Ikeja has dismissed an application filed by the late Herbert Wigwe’s cousin Christian Wigwe and Pastor Shyngle Wigwe (Herbert Wigwe’s father) seeking the appointment of interim administrators for the estate of the former Access Bank Group Managing Director and Chief Executive Officer.In a ruling by Justice A.O. Adeyemi on February 6, 2025, the court resolved all the issues raised by the applicants and pronounced their claims unsustainable.The applicants, Christian Wigwe and Pastor Shyngle Wigwe instituted suit number ID/7735FPM/2024 against Access Bank…

Controversial singer and Zaazoo ze crooner, Habeeb Okikiola, popularly known as Portable, has been arraigned before a Magistrate Court sitting in Abeokuta, for alleged assault on government officials.Portable reported himself at the Criminal Investigations Department (SCID), Lagos Command, on Wednesday after he was declared wanted by the Ogun Command.He was later transferred to the Ogun Command’s headquarters, Eleweran, Abeokuta, the state capitalThe singer was arraigned on a five-count charge before an Isabo Magistrate Court, Abeokuta. The charges include conspiracy, assault, and restriction, armed with cutlasses and guns, and conduct likely to cause harm.He pleaded not guilty to the charges. His…

A former executive at Kuda, one of Nigeria’s leading fintech startups, has filed a lawsuit at an employment tribunal in the United Kingdom alleging a toxic work culture, gender discrimination, and retaliatory dismissal.Rosemary Hewat, the company’s former group chief people officer, claims in court documents seen by TechCabal that Kuda Technologies Limited and its CEO, Babatunde Ogundeyi, fostered an environment where women were belittled, discriminated against, and sidelined. Her lawsuit also alleges that she was denied stock options under terms promised to her male colleagues and was fired after raising concerns about workplace treatment. The allegations starkly contrast Kuda’s public…