My Nigeria…

You are browsing the archives of 2009 August.

The Nigerian government has denied allegations it is buying guns and ammunition to prove its amnesty program in the Niger Delta is on course.
Policemen displayed weapons Saturday collected from Niger delta militants as part of the government amnesty program in Yenagoa, Nigeria.

“Militants are responding to the amnesty program,” Timiebi Koripamo-Agary from the state-run Amnesty Committee [...]

Two former bank executives sacked by Nigeria’s central bank earlier this month are wanted for fraud, insider trading and money laundering, police said on Sunday.

The Economic and Financial Crimes Commission (EFCC) said Cecilia Ibru, former chief executive officer of Oceanic Bank, and ex-head of Intercontinental Bank Erastus Akingbola failed to show up for questioning last [...]

Nigeria’s rich and powerful, long accustomed to a lifestyle of yachts, fancy cars, and businesses fueled by unchecked credit lines, have been put on notice.

Nigeria’s central bank on Wednesday made the unprecedented move of publishing a list of what it says are the major debtors to five banks rescued in a $2.6 billion bailout, among [...]

Following the recent regulatory action of the Central Bank
of Nigeria on the five (5) banks, it has become necessary
to use this medium to request the following defaulting
customers of the affected banks to pay without further
delay their indebtedness, failing which the banks will take
all appropriate legal actions to ensure repayment.
These are the largest debtors and the [...]

Polio, the dreaded paralyzing disease stamped out in the industrialized world, is spreading in Nigeria. And health officials say in some cases, it’s caused by the vaccine used to fight it.
In July, the World Health Organization issued a warning that this vaccine-spread virus might extend beyond Africa. So far, 124 Nigerian children have been paralyzed [...]

Suzanne Olufunke Iroche

Suzanne Iroche has several years experience in the banking industry. She commenced her banking career with First Bank in 1981 after which she moved to International Merchant Bank,in 1982 where she worked in various areas. In 1986, she proceeded to The J. L. Kellogg Graduate School of Management, Northwestern University Evanston, Illinois, [...]

The Chief Executive Officer of Oceanic Bank, Mrs. Cecilia Ibru OFR, who was removed by the Central Bank of Nigeria yesterday, condemned the action of the CBN in sacking the management of Oceanic Bank Plc.
Making a case for Oceanic Bank International Plc she said that her bank in its 2008 accounts had an asset base [...]

Yesterday’s decision by the Central Bank of Nigeria to sack the managing directors/chief executives as well as the executive directors of five banks was aimed at saving the banks from collapse, because their balance sheets had shrunken, their shareholders’ funds impaired and they had liquidity problems.
The CBN governor, Sanusi Lamido Sanusi who disclosed this in [...]

Economic and Financial Crime Commission, (EFCC) has arrested the immediate past Comptroller-General of Customs, Ahmed Bello and five others alleged to have been indicted in the N2.5 billion import duty scam involving the Vaswani Group owned by the Vaswani brothers.

Others arrested with Bello are Comptroller, Apapa Port, Lagos, Awata Suleiman, another official from the [...]

If 419ers are to be believed, times are tough, even for the Michael Jackson estate. Lisa Marie Presley, who it seems is recovering from a Coma somewhere in Nigeria  has had to resort to sending out letters of solicitation to email addresses all over the world seeking help to get access to MJs $15,000,000.  Unfortunately, [...]