Business

Int’l Awards Spurs BoI For More Innovation, Works

Published

3 years ago

June 17, 2023

577 Views

The Managing Director of the Bank of Industry (BoI), Mr. Kayode Pitan says, the awards and recognitions, 20 of them won by the bank in the last six years, “Do not only show a demonstration of commitment and innovativeness that has improved the bank’s fortunes, but also serve as positive reinforcement for more work.”

Pitan stated this while reacting to the EMEA Finance magazine Achievement Awards for 2022 in June 2023, won by the bank.

He said : ” The bank won the Best Financial Institution Syndicated Loan in EMEA (Bank of Industry’s €1 billion loan) and the Best Financial Institution Bond in Africa (Bank of Industry’s €700million debut 144a/Regs Senior Issuance, later increased to €750million).

” The bank also won the Best Development Bank of the Year-Africa and the Best Commitment to ESG Principles-Nigeria at the International Banker, 2023 Banking Awards held in London, United Kingdom in May, 2023.

The International Banker Awards 2023 was established to recognise top-ranking individuals and organisations setting new benchmarks for performance and pushing the boundaries within the financial industry,” he said.

Business

Court jails illegal forex dealer two months

The EFCC stated that the defendant pleaded guilty after the charge was read to him.

Published

15 hours ago

August 5, 2026

OCHEFA

16 Views

A Federal High Court sitting in Ikoyi, Lagos, has convicted and sentenced a bureau de change operator, Dabo Malam Ardi, to two months’ imprisonment for engaging in illegal foreign exchange transactions.

The Economic and Financial Crimes Commission, in a statement on its official X account , said that Ardi was arraigned before Justice F. N. Ogazi by the Lagos Zonal Directorate 1 of the EFCC on a one-count charge bordering on illegal foreign exchange transactions.

The charge read, “That you, Dabo Malam Ardi, sometime in 2026 in Lagos State, within the jurisdiction of this Honourable Court, engaged in a foreign exchange transaction other than through the official foreign exchange market and thereby committed an offence contrary to Section 11(1)(a) of the National Economic Intelligence Committee (Establishment, etc.) Act, 1994, and punishable under Section 11(2) of the same Act.”

The EFCC stated that the defendant pleaded guilty after the charge was read to him.

Following the guilty plea, the prosecution counsel, S. I. Suleiman, reviewed the facts of the case and urged the court to convict and sentence the defendant accordingly.

Justice Ogazi subsequently found Ardi guilty and sentenced him to two months’ imprisonment, with an option of an N80,000 fine.

Business

Zenith Bank sends cyber-attack alerts to customers

It warned customers to ignore suspicious emails, text messages, and phone calls requesting sensitive banking information.

Published

16 hours ago

August 5, 2026

OCHEFA

19 Views

Zenith Bank has confirmed that hackers gained unauthorised access to part of its database, exposing limited customer information.

The bank says funds and accounts remain safe, and its banking systems have not been compromised.

The disclosure came in an email to customers on Tuesday, part of a coordinated global campaign targeting organisations across multiple sectors.

Zenith Bank said the attackers accessed a limited amount of customer information, including email addresses and phone numbers.

According to the bank, there is no evidence that hackers reached customers’ accounts, passwords, PINs, One-Time Passwords (OTPs), or funds.

The statement reassured customers that mobile and internet banking platforms, ATMs, and digital channels remain secure and fully operational.

Zenith Bank said it immediately activated its incident response protocols and cybersecurity safeguards after detecting the breach.

Investigations are ongoing, with security teams working to determine the full scope and strengthen protections against future threats.

The lender urged customers to stay vigilant against phishing attempts that often follow data breaches. It warned customers to ignore suspicious emails, text messages, and phone calls requesting sensitive banking information.

As reported by TheCable, Zenith Bank also reminded customers never to disclose passwords, PINs, OTPs, card details, or other security credentials to anyone, regardless of claims that the request comes from the bank. Cybersecurity experts have long warned that stolen contact details are often used for targeted phishing campaigns.