THE Economic and Financial Crimes Commission (EFCC) says it hopes to overturn the rulings that freed Orji Kalu, current Senate chief whip and Olisa Metuh, former national publicity secretary of the People’s Democratic Party (PDP) from prison this year.
The commission, through its monthly publication entitled ‘EFCC Alert’ listed Babachir Lawal, former secretary to the government of the federation; Adesola Amosu, former chief of air staff; Abdulrasheed Maina, former chairman of the Pension Reform Task Team; Andrew Yakubu, former group managing director of the Nigerian National Petroleum Corporation (NNPC); Babangida Aliyu, former governor of Niger state, and Winifred Oyo-Ita, former head of civil service of the federation as some of the prominent Nigerians whose corruption cases would continue in court this year.
FCMB continues promoting SMEs, extends financial support to over 15,000 women
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First City Monument Bank, a foremost financial services provider in Nigeria, has continued her aggressive drive and support for the Small and Medium Enterprises sector in the country.
The bank, which was recently voted as the Best SME Bank in Africa, thereby consolidating its position as the dominant financial institution in the segment, has made more funds available to women entrepreneurs through her “SheVenture” initiative.
The SheVentures initiative offers enhanced support to women-owned SMEs and starts-ups through access to finance, training and mentoring with the unique benefit of zero-interest rate for an initial period of three months.
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BABAJIDE OLUSOLA SANWO-OLU was born on June 25, 1965, and holds a B.Sc in Surveying and an MBA from the University of Lagos. He is an alumnus of the John F. Kennedy School of government, the London Business School and the Lagos Business School.
Mr Sanwo-Olu became an associate member of the Chartered Institute of Personnel Management (CIPM) and a fellow of the Nigeria Institute of Training and Development (NITAD).
Governor Babajide Sanwo-Olu taking the oat of office during his swearing-in ceremony in 2019. [Photo: Lagos State Government Twitter account]
He was the treasurer at the former Lead Merchant Bank from 1994 to 1997 after which he moved to the United Bank for Africa as the head of foreign money market. He then proceeded to First Inland Bank, Plc (now First City Monument Bank) as deputy general manager and divisional head.
Grass-cutting scandal: EFCC presents first witness against ex-SGF
Dayo Ojerinde
The Economic and Financial Crimes Commission has opened its case in the ongoing trial of a former Secretary to the Government of the Federation, Babachir Lawal, and three others when it presented its first witness, Mohammed Babansule, a relationship manager with the First City Monument Bank.
According to a statement on Wednesday by the EFCC’s head of media and publicity, Wilson Uwujaren, the witness, who is the account manager of the sixth defendant, Josmon Technologies Ltd, during his examination-in-chief, told the court the account opening form and other documents submitted to the bank showed that the fourth defendant, Apeh, is the signatory to the account.
In its 2020 African tech startups funding report,
Disrupt Africa identifies 99 fintech companies across 11 countries that raised some form of external funding from investors.
While the list includes fairly established startups like Flutterwave, the majority are new ventures with some receiving funding barely six months after launching operations in 2020.
Most of these startups have been allowed to build in peace with little inquiry. Building and growing any product in Africa takes time, and fintech is one of the ultimate hard-knock challenges.
But in 2021, the intensity of scrutiny about these startups and their value proposition to users will increase.
This style of scrutiny is good. Africa’s tech ecosystem is drawing more interest from industry leaders around the world. Paystack’s landmark sale increased consciousness that Africans can build for the world.