Bank fraud: Fresh concerns over contract staff

Both the CBN and NDIC warned lenders against giving sensitive roles to outsourced workers There are indications that the growing tendency among banks to give sensitive positions to contract staff is heightening the risk of lenders being hit by fraudsters. Findings by New Telegraph show that despite repeated warnings by the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC), banks not only continue to hire contract staff, but have started assigning these employees to sensitive roles that were previously reserved for full time or permanent staff.…

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NCC intervened to safeguard 9Mobile investors, staff, subscribers – Danbatta

  Biz (foto: 9Mobile – file)       The Nigerian Communications Commission (NCC), took the interest of investors, subscribers and employees of Etisalat into consideration to align with the Central Bank of Nigeria (CBN),  in order to resolve the issues of Etisalat Nigeria (now 9Mobile) and consortium of 13 banks. The Executive Vice Chairman (EVC) and Chief Executive of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, declared this when he received in audience Chief Executive of 9Mobile, Mr. Boye Olusanya, and Vice-President, (Regulatory Affairs) Mr Ibrahim Dikko…

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Local oil firms walking a tight rope

Indigenous firms are the worst-hit by myriads of challenges bedeviling the oil and gas industry. ADEOLA YUSUF reports on how many of them are running into bankruptcy     Aiteo, an indigenous oil firm, made the headlines penultimate week; basking in the euphoria of its new status as the biggest Nigerian- owned oil firm in terms of production, hitherto known by many as the petroleum product trading firm, it announced the production of the largest share of the 313,602 barrels per day output from indigenous companies. The firm’s management cannot…

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Furore over WAEC’s new examination diet

DISAGREEMENT Less than one week that the West African Examinations Council (WAEC) unfolded plans to introduce a new diet for external candidates, key stakeholders have faulted the move, kicking that it would not see the light of the day   While Nigerian students and their parents are yet to recover from the confusion generated by this year’s Unified Tertiary Matriculation Examination (UTME) registration, the West African Examinations Council (WAEC), last week, introduced a new diet in its examinations, which has continued to generate debate among stakeholders. With the new diet,…

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UNILAG, students mourn Ogbeidi, HOD History dept

The management and students of University of Lagos (UNILAG), Akoka, Lagos are yet to recover from the shock of the sudden death of the Head of Department of History and Strategic Studies, Prof. Michael Monday Ogbeidi, whose news of his death threw the entire campus into mourning. Ogbeidi, a Professor of Business History at the Department of History and Strategic Studies and an alumnus of the university, was said to have died after a brief illness. The fond memories of the late lecturer, described as a ‘gentle and consummate teacher,…

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Curbing inter-security forces violent clashes

Last week, a soldier and three anti-riot policemen reportedly died during a shootout between members of the two security forces. Several others on both sides received gunshot wounds in the encounter that took place in Damaturu, the Yobe State capital. Some of the critically injured were said to be battling for life at the General Sani Abacha Hospital in Damaturu. Several civilians were hit by stray bullets in the clash which lasted over an hour. Residents said it was not the first the two had been engaged in clashes. According…

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ICPC institutes anti-graft monitoring unit in EKSU

Towards building capacity for corruption-free and transparent system, the Independent Corrupt Practices Commission (ICPC) has inaugurated the Ekiti State University (EKSU) chapter of the Anti-Corruption and Transparency Monitoring Unit (ACTMU). The inauguration of the unit, according to the university, is in line with the vision of the Vice-Chancellor, Prof. Samuel Oye Bandele, to run a corruption-free system and transparent financial operations. The vice-chancellor, during his meeting with the unit, expressed satisfaction with the establishment and operation of the anti-corruption and transparency monitoring unit, even as he commended their efforts towards…

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Rivers: Defections drive APC to the edge

EMMANUEL MASHA reports on the gale of defections among chieftains and members of the All Progressives Congress (APC) in Rivers State since after the National Assembly rerun elections in the state in which the Peoples Democratic Party (PDP) emerged victorious   A few months before the legislative rerun elections in Rivers State, the camp of a senatorial candidate of the All Progressive Congress (APC) was bubbling as party leaders expressed optimism about the party’s chances in the election. But, when the Independent National Electoral Commission (INEC) announced the result, it…

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Angst in APC over ‘marginalisation’

The bottled-up anger in the All Progressives Congress (APC) is gradually being let out with series of protests by members who feel marginalised, writes ONYEKACHI EZE   There is no doubt that all is not well in the ruling All Progressives Congress (APC). Events in the last few weeks confirmed this. First, is the news making the rounds that the party’s planned April 29 midterm national convention might not hold due to lack of funds. In fact, many people had expected this to happen because the APC leadership has cried…

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Hospital light’s disconnection endangers premature babies’ lives –Residents

Residents of Shomolu in Shomolu Local Government Area of Lagos State have criticised the Ikeja Electricity Distribution Company (IKEDC) for what they described as illegal disconnection of electricity at the community’s General Hospital. According to them, the action has created difficulty not only for patients but also other members of the community. In a letter of complaint addressed to the electricity company and copies sent to Governor Akinwunmi Ambode, the state House of Assembly and the Local Government, the community berated the company for charging the hospital arbitrary fees. The…

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