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Businessman Tunde Ayeni In EFCC Custody Over ‘Multi-Billion Naira Fraud’

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Tunde Ayeni, former chairman of the defunct Skye Bank Plc, has been arrested by Economic and Financial Crimes Commission (EFCC) over an alleged multi-billion naira fraud. Ayeni was reportedly picked up in Abuja on Thursday and is currently in EFCC custody as investigations continue. The anti-graft agency is probing the alleged diversion and misappropriation of funds estimated at N36.5 billion and $30 million, said to have been obtained from Polaris Bank Plc through companies linked to him. According to sources, the funds, secured as loans for specific projects—were allegedly diverted into other accounts and used for purposes outside their original intent. The loans, which were meant to finance projects such as marine security, electricity distribution contracts, and estate development, were reportedly channelled into the acquisition of telecom assets linked to NITEL/MTEL through a NATCOM account. Investigators are also examining about 12 companies associated with Ayeni, which were alle...
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Fidelity Bank Strengthens SME Support with High Impact Masterclasses on Pricing, Digital Growth and Global Expansion

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In line with its commitment to accelerating the growth of Small and Medium Enterprises (SMEs) across Nigeria, leading financial institution, Fidelity Bank Plc, has rolled out a series of high impact masterclasses designed to equip business owners with practical skills, improve operational efficiency and expand market access throughout the month of April 2026. The first in the series, titled “Pricing That Works: How to Charge Right and Earn More,” held on Friday, April 10, 2026, at the Fidelity SME Hub in Gbagada, Lagos. The session focused on helping entrepreneurs set profitable, sustainable prices without losing customers, an essential factor for long-term business success. About a hundred SMEs from different sectors attended the masterclass which saw participants receive guidance on key areas many small businesses struggle with including costing, value-based pricing, pricing psychology and customer perception. Following the success of the pricing masterclass and testimonials from par...
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Providus Bank Expands Footprint With Ekiti Branch, Reaffirms Capital Strength

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Providus Bank Plc has commissioned a new branch in Ado-Ekiti, marking another step in its steady expansion across key growth markets in Nigeria. Having met the Central Bank of Nigeria’s (CBN) recapitalisation requirement since January 2025, Providus Bank is now focused on expanding its footprint to support local enterprise, deepen financial inclusion, and bring banking services closer to individuals and businesses. Speaking at the commissioning, the Executive Director/Chief Financial Officer, Deoye Ojuroye, noted that the expansion is part of a broader plan to strengthen the Bank’s presence nationwide over the next 12 months. “Our approach is deliberate—we are growing in the right places, supporting real economic activity, and building a bank that is both resilient and responsive to the needs of our customers.” He added that Providus Bank remains on a strong footing, with a disciplined approach to capital and risk management underpinning its growth. “We are well capitalised within our ...
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Sterling Bank, One Foundation, Sunbeth, Partners Strengthen Climate Action With Nationwide Cleanup, Beach Adoption

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In a bold move to strengthen environmental protection across Nigeria, Sterling Bank, in collaboration with Sterling One Foundation, Lagos Waste Management Authority, Sunbeth, community volunteers, and partner organizations, are set to launch The Great Nigeria Cleanup, a nationwide environmental movement taking place on April 25, 2026. Spanning all six geopolitical zones, and aligned with the United Nations Decade of Action, this initiative will mobilize citizens across Lagos, Abuja, Ogun, Osun, Cross River, Delta, Bayelsa, Ebonyi, Abia, Enugu, Imo, Sokoto, Kano, Benue, Plateau, Kogi, and Katsina, reinforcing the urgency of sustained, community-led efforts to combat plastic and waste pollution and restore the health of Nigeria’s environment. Speaking on the initiative, Temitayo Adegoke, Chief Operating Officer of Sterling Bank stated: “At Sterling, we believe that real impact happens when institutions and individuals come together with a shared purpose. The Great Nigeria Cleanup is our ...
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ALLEGATIONS AGAINST MINISTER MATAWALLE ARE FALSE, MISLEADING, AND INFLAMMATORY — UNITED FRONT FOR RELIGIOUS TOLERANCE IN NIGERIA

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The United Front for Religious Tolerance in Nigeria has firmly rejected allegations circulating online that the Minister of State for Defence, Dr. Bello Mohammed Matawalle, attempted to bribe a United States official to suppress reports on Nigeria’s security situation, describing the claims as “false, unfounded, and lacking credibility.” In a strongly worded press statement signed by Barrister Okie Okechukwu, the group said it was compelled to respond to what it called a dangerous wave of misinformation allegedly linked to remarks attributed to a member of the Florida House of Representatives, Kimberly Daniels, during a Facebook live broadcast. “The United Front for Religious Tolerance in Nigeria strongly condemns recent online publications alleging that the Honourable Minister of State for Defence, H.E. Dr. Bello Mohammed Matawalle, MON, attempted to bribe a United States official to suppress reports on Nigeria’s security situation,” the statement read. Dismissing the claims in unequi...
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AUOMMATON Hails Adeola’s Emergence as Ogun APC Consensus Candidate, Commends Tinubu

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The Amalgamated Union of Motor Mechanics and Technicians of Nigeria (AUOMMATON) has congratulated Senator Solomon Olamilekan Adeola on his emergence as the consensus governorship candidate of the All Progressives Congress (APC) in Ogun State. In a press statement signed by its National President, Engr. Dr. Oseni Suleiman, the union described Adeola’s emergence as a “well-deserved reward for years of dedication, integrity, and impactful public service.” According to the union, Adeola, popularly known as Yayi, has demonstrated exceptional leadership qualities, grassroots connection, and a strong commitment to the welfare of ordinary Nigerians, particularly artisans and small-scale entrepreneurs. “His emergence through consensus is a clear reflection of the trust and confidence reposed in his leadership capacity and his ability to unite diverse political interests for the progress of Ogun State,” the statement said. AUOMMATON noted that the lawmaker’s track record in empowerment initiativ...
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NADG Warns Against ‘Dangerous’ Misinformation, Clears Matawalle of Allegations

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The National Alliance for Democratic Governance (NADG) has forcefully dismissed allegations linking the Honourable Minister of State for Defence, Dr. Bello Mohammed Matawalle, to terrorism and bribery, insisting that no credible evidence has been presented to support the claims and warning against what it described as a troubling rise in unverified narratives in national discourse. In a comprehensive press statement signed by its Deputy National Publicity Secretary, Arc. Bello Muhammed, the coalition said it undertook a careful review of the allegations circulated by Kimberly Daniels regarding Nigeria’s security situation and the person of the minister, concluding that the claims fall short of the evidentiary standards required in a democratic society. The group stated that it was compelled to intervene “firmly, objectively, and without prejudice,” noting that its action was driven by a commitment to “defend due process and guard against the dangerous normalisation of unverified claims...
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