…held in the name of her company and then transfer those funds to accounts at other financial institutions, including foreign banks. Hall admitted to responsibility for $851,207.00 in losses to victims of this scheme, while Akpieyi was found to be responsible for victim losses exceeding $3.5 million. Akpieyi was remande…

…'Deepening Cooperation for a Shared Future,' the session brought together Chinese financial institutions, development finance organizations, investment funds, and multinational corporations operating across Nigeria and Asia. It followed the CBN’s strategic roundtables on the Nigeria–China financial corridor, forming pa…

…and promotes shared prosperity. “We, therefore, continue to work closely with financial institutions, fintech companies, mobile money operators, development partners and state governments to expand and extend financial services to underserved populations of Nigerians.” The CBN governor stressed that the bank’s Listens…

…intelligence training programme, with more than 87,000 obtaining certificates. He urged financial institutions and other private sector organisations to support credible vocational training programmes and provide funding that would enable graduates to establish businesses rather than depend solely on paid employment. “…

…Commercial Bank of China (ICBC), Cardoso outlined how greater participation by Chinese financial institutions could broaden the relationship between the two economies. He said Nigeria’s stronger financial foundations provided a more predictable environment for investment and enterprise. The priority was to consolidate…

…on Technology Transfer (PICTT) in partnership with YAPU Solutions, brought together financial institutions, agricultural experts and other stakeholders to validate a national taxonomy defining which activities qualify for climate finance.Nigeria targets $30bn in annual climate finance to help smallholder farmers tackle…

…and representation of developing economies, particularly vulnerable countries, in global financial institutions. He called for reforms that would make the international financial architecture more responsive to the changing structure of the global economy and the needs of developing countries. “We emphasised the import…

…would go beyond attracting investment flows to building “durable relationships between financial institutions, markets, businesses and people.” He also identified opportunities for stronger links between Nigerian and Asian banks, more efficient payment and settlement channels, and greater participation by Nigerians acr…

…Work celebration organised by the Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI), held yesterday, at ASSBIFI House, Alausa, Ikeja, Lagos. Speaking at the event, the Zonal Director, South-West, and State Controller of the Ministry, Mrs. Mienye Badejo, said the post-recapitalisation…

…Nigeria and Africa.FCT, Abuja - The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) has declared that Nigeria's N70,000 national minimum wage falls far short of what workers need to live with dignity, saying the amount cannot cover even the most basic household expenses.As reported…

…& Omotola AremoLAGOS The Association of Senior Staff of Banks, Insurance and Financial Institutions, ASSBIFI, on Wednesday said the N70,000 national minimum wage was inadequate to guarantee decent living for Nigerian workers. The union described the wage as grossly insufficient to meet workers’ basic needs, saying it “…

…is also discouraging investment in food production, with farmers, agribusinesses and financial institutions becoming increasingly cautious about committing capital to a sector whose fortunes are heavily dependent on weather conditions. Climate change is also aggravating desertification in northern Nigeria, while the sp…

…are relatively stable, and the financial system is sound.” The CBN director also urged financial institutions to increase financing to productive sectors, while businesses should embrace innovation, strengthen governance and seek new markets. “Financial institutions must continue to support productive sectors of the ec…

…infrastructure projects executed in Ilesa West Local Government Area of Osun State. The financial institutions listed in the order include Guaranty Trust Bank, Access Bank, First Bank, Zenith Bank, United Bank for Africa, Ecobank, Fidelity Bank, Stanbic IBTC, Sterling Bank, Union Bank and Wema Bank, among others. Accor…

…water infrastructure projects in the Ilesa West Local Government Area of Osun State. Financial institutions affected by the order include Guaranty Trust Bank, Access Bank, First Bank, Zenith Bank, United Bank for Africa, Ecobank, Fidelity Bank, Stanbic IBTC, Sterling Bank, Union Bank, and Wema Bank, among others. Accor…

…to help you scale it,” he said. Boboye said the programme also linked participants with financial institutions and government agencies, adding that Zenith Bank was invited to support participants without business accounts, while the Lagos State Employment Trust Fund provided information on available financing opportuni…

…this important initiative and for recognising the critical role that communities, financial institutions, government, security agencies, civil society organisations, women and young people must play in ensuring sustainable peace and security in our state,” he said. Buba noted that Plateau has a proud history of peacefu…

…the importance of continued collaboration among government, developers, investors, financial institutions, professional bodies and other stakeholders. As Nigeria continues its development journey, the focus remains not only on recognising progress already recorded, but also on encouraging greater investment, stronger p…

…intelligence and resilience. At the same time, our deep relationships with pan-African financial institutions such as UBA, Ecobank and other key financial services players mean we can co-create and scale solutions rapidly across markets, integrating switching, issuing, acquiring, and digital services into a coherent, c…

…for export. They noted that there was a need for the government, states, farmers, financial institutions and other stakeholders to work together in building an industrial agricultural sector capable of producing enough for local consumption and export. Speaking on the importance of industrialising the sector, a represe…

…account details and other personal records. He noted that such data could be exposed by financial institutions, online merchants, government agencies, individuals and malicious actors.See more Punch stories on Google.Add Punch on Google The dComms Project Lead also expressed concern over the dominance of a few Big Tech…

…CommissionThe EFCC prosecuted the companies under Section 57(1) of the Banks and Other Financial Institutions Act, 2020, after they evaded interrogation for over five yearsEach convicted company faces a N30 million fine plus N200,000 for every day the unlicensed operation continuedPAY ATTENTION: Mark Legit.ng as a pref…

…Beyond the denial, OPay took a firmer stance on the wider issue of misinformation about financial institutions.OPay warns false financial claims could cause panic and reputational damage Photo: Opay>The company said:"Creating and intentionally sharing false and misleading information about a financial institution can m…

…were charged separately with offences contrary to Section 57(1) of the Banks and Other Financial Institutions Act, 2020. They are Ngwuoke Daniels Technologies, Credio Banco Ltd, Digital Company Ltd, Co Request Capital Nigeria Ltd, Mega Drop Quality Stores Ltd, Norland Global Ltd, Oxford International, Creative Agricult…

…said VTB Bank opened offices in Iran, built banking ties with sanctioned Iranian financial institutions, and worked to move billions of dollars in assets. The U.S. government pledged continual targeting of those who provide material, technological, or financial support that allows Iran to “sustain its terrorist enterpr…