Tuesday, November 19, 2013 Vol 5 No.14  
BANK OF THIEVES! How Stanbic IBTC Bank Fraudulently Stole Customer’s N489m Fund
The commitment of Stanbic IBTC Bank, a member of the Stanbic Group to increase the Nigerian content in the oil and gas sector has come under serious questioning of industry watchers following alleged shady dealings capable of soiling the reputation of the bank.

This became evident as the board and management of the bank are seriously battling to extricate themselves of allegation of conspiracy, forgery, unauthorized withdrawal, diversion of funds and stealing totaling N489.2million levied against the bank and one of its management staff, Oladele Kuti by Lonestar Drilling Nigeria Limited, a oil and gas company.

The company had through a petition to the Special Fraud Unit (SFU) dated 11th March 2013 written by its lawyer, Barrister Dapo Oluyede sought the assistance of the Unit to investigate professional misconduct allegedly perpetrated by Stanbic IBTC Bank, one Oladele Kuti, the company’s Account Officer and...

Volume: Special Edition
Categories:
Source: Premier
Tags: The Premier Tabloid, The Premier News, Stanbic IBTC, Standard Chartered Bank, Nigeria Banks, Stanbic IBTC in Fraudulent Transactions
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ODUAH-GATE!!! NIGERIA’S MINISTER OF AVIATION ARMORED BMW CAR SCANDAL
Following recent revelation by SaharaReporters that a cash-strapped agency of the Ministry of Aviation purchased two armored BMW 760 Li cars for the private use of Aviation Minister, Stella Oduah, several automobile sales companies have indicated that the cars were massively overpriced.

The report had indicated that the Nigerian Civil Aviation Authority (NCAA) paid approximately $1.6 million to buy the two cars from Coscharis Motors Limited in Lagos, meaning that each car cost close to $800,000. But investigations with car sale companies revealed that the NCAA could have got eight, not two, BMW armored cars for the money.

According to Vista BMW in Coconut Creek in Florida, a fully armored BMW 760 Li car built to withstand AK 47-7.62x39 ammo and lower caliber weapons costs only $162, 195. Also, a quote provided by the armored car ballistic division of the International...

Volume: Special Edition
Categories:
Source: Premier
Tags: The Premier Tabloid, The Premier News, Stella Oduah, Aviation Minister, Nigeria Aviation Ministry, Oduah Gate, Stella Oduah Car Scandal
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GLOing Slavery - How Adenuga Forced Workers To Sign Away Their Lives
Business mogul and Chairman of telecommunication giant, Globacom, Mike Adenuga has often been described as visionary leader, an exemplary entrepreneur, and an outstanding manager of men and resources owing to the tremendous success recorded in his chain of businesses.

The success story of The Bull as he is fondly called is one worthy of emulation by upcoming entrepreneurs who have been awed by the classic business model of the oil magnate who became the second richest Nigeria after Aliko Dangote, according to the Forbes rich list. With a net worth of   $4.7b as of March 2013, the reclusive Nigerian billionaire has built a fortune in mobile telecom and oil production.He founded Globacom, Nigeria's second largest mobile phone network, in 2006. It has 24 million customers in Nigeria, operates in the Republic of Benin and recently acquired licenses to start businesses in Ghana and the Ivory Coast.

His Conoil Producing is one of Nigeria's largest independent exploration companies,with a production capacity of...

Volume: Special Edition
Categories:
Source: Premier
Tags: The Premier Tabloid, The Premier News, Mike Adenuga, Gloing Slavery, Globacom
. .. ... read more
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