Armed Robbers Raid First Bank in Ekiti, Kill Policeman

Image

By Dipo Olowookere

It was a dark day for residents of Ifaki Ekiti under the Ido/Osi Local Government Area of Ekiti State as some armed hoodlums invaded the community, killing a mobile policeman during an attack on a branch of First Bank in the area.

The ugly incident threw the peaceful town into pandemonium as bullets were reportedly flying around as the robbers unleashed terror on the community.

It was said that the operation lasted for several minutes and security operatives were not allegedly on ground to bring the situation under control.

The attack came barely two weeks after some armed bandits robbed five different banks in Offa town, Kwara State.

According to reports gathered by our correspondent, the slain cop was attached to First Bank, which the hoodlums raided and allegedly carted away with an undisclosed amount of money.

It was gathered that the robbers stormed Ifaki-Ekiti some minutes past 4pm and made attempts to break into the main banking hall and when they failed, they turned to the ATM gallery, which they destroyed in the process.

Share
Related Stories
Image
27-February-2024

Full List of MDAs to be Affected by Oronsaye Report

By Modupe Gbadeyanka On Monday, February 26, 2024, the Federal Executive Council (FEC) approved the implementation of the Stephen Oronsaye Report about 12 years it was submitted by the former Head of Civil Service. The information has continued to generate reactions from various quarters, with some saying it is just a diversionary tactic employed by the government of President Bola Tinubu to shift attention away from the current economic hardship in the country. The report recommended the trimming of the federal government’s ministries, departments, and agencies (MDAs) to cut the cost of governance, especially because some of them have duplicity

Image
04-March-2024

King Charles Knights Airtel Africa Founder Sunil Bharti Mittal

By Modupe Gbadeyanka The founder and chairman of Airtel Africa Plc, Mr Sunil Bharti Mittal, has been knighted by King Charles III in recognition of his contribution towards promoting India-United Kingdom (UK) business relations. The businessman was awarded Honorary Knighthood, the Knight Commander of the Most Excellent Order of the British Empire (KBE), for contributions towards advancing India-UK business relations, including his instrumental role in the listing of Airtel Africa on the London Stock Exchange in 2019, where it is a constituent of the FTSE100 Index. He also led the revival of OneWeb (now Eutelsat), leading a consortium with the

Image
04-March-2024

Omokungbe Wants Implementation of Initiatives on Women’s Entrepreneurship

By Aduragbemi Omiyale A former Rector of Yaba College of Technology (YabaTech), Lagos, Mr Obafemi Omokungbe, has called for the implementation of programmes and initiatives designed to promote women’s entrepreneurship in Africa. Speaking at the just-concluded 10th anniversary of the African Women Foundation for Nation Building (WINBAFRICA) in Lagos, Mr Omokungbe, a fellow of the Nigerian Society of Engineers (NSE), also appealed to African countries to renew their commitment to women’s empowerment, saying it is a crucial step towards nation-building. According to him, the journey toward women’s empowerment in Africa involves a comprehensive approach that spans various sectors, including education,

More Stories
Image
04-August-2021

Unlisted Securities Further Lose 0.16% as Investors’ Confidence Wane

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange marked its fifth straight session in the bearish territory on Tuesday, August 3 as the major market barometers further went south by 0.16 per cent. The drop was impacted by the negative price movements in the shares of Nigerian Exchange (NGX) Group Plc and Food Concepts Plc. While NGX Group lost 39 kobo or 2.4 per cent to close at N16.51 per unit as against the previous N16.90 per unit, Food Concepts Plc went down by 5 kobo or 6.3 per cent to close at 79 kobo per share compared with

Image
18-December-2023

GTBank Adds FX Sales Feature to GTWorld App

By Aduragbemi Omiyale A foremost financial institution in Nigeria, GTBank Limited, has introduced a new feature to its mobile application, GTWorld. The new addition to the app allows users to buy and sell foreign exchange (FX) on the platform designed to carry out financial services offered by the lender. In a message to its customers on Monday, the bank said the new feature, FX Sales, provides an avenue for users of the application to access forex at competitive rates. GTBank said in the note seen by Business Post that “This service is available between 9 am and 4 pm Mondays

Image
03-March-2019

NGUS FEB 27 2019 Futures Contracts Matures on FMDQ

By Dipo Olowookere On Wednesday, February 27, 2019 the 32nd OTC FX futures contract matured and settles on the FMDQ OTC Securities platform. The NGUS FEB 27 2019 futures contract worth $563.55 million was settled by the Central Bank of Nigeria (CBN). Business Post reports that this maturity brings the total value of matured Naira-settled OTC FX Futures contracts on FMDQ, since the inception of the market in June 2016, to about $14.34 billion. As it stands, this is bringing the total amount of OTC FX Futures contracts traded so far on the platform to $20.05 billion. The matured contract

Image
21-October-2021

Ecobank Staff, Families Raise Awareness for Mental Health

By Dipo Olowookere On Saturday, October 23, staff and families of the pan African financial institution, Ecobank Transnational Incorporated (ETI) across 33 countries of its operations on the continent will raise awareness for mental health. This is a flagship annual event of the lender tagged Ecobank Day and in Nigeria, there would be impactful discussion sessions and mental health empowerment training programs to further raise awareness and help reduce stigma and discrimination in the country. A statement issued by the Head of Marketing and Corporate Communication at Ecobank Nigeria, Mr Jide Sipe, disclosed that this year’s Ecobank Day is themed

Image
14-September-2022

Iran Eyes Stronger Bilateral Relations With Nigeria

By Adedapo Adesanya The Iranian government has moved to woo Nigeria for more partnerships that will strengthen the relationship between both countries. The Iranian Foreign Minister, Hossein Amirabdollahian, expressed this view in a phone conversation with Nigeria’s Minister of Foreign Affairs, Mr Geoffrey Onyeama. During the chat, both state officials exchanged views on the latest state of bilateral relations between Iran and Nigeria as well as international developments. The Iranian foreign minister said half a century of relations between the two countries is a great and solid capital for the development of political, economic, and cultural relations between Iran and

Image
22-November-2022

Oil Prices Slide Over Saudi’s Comments on OPEC Output

By Adedapo Adesanya Oil prices dropped on Monday after conflicting reports emerged that the Organisation of the Petroleum Exporting Countries (OPEC) is not considering a half-million barrel daily output increase. Brent crude futures fell by 77 cents or 0.9 per cent to $86.85 a barrel, as the United States West Texas Intermediate (WTI) crude futures slipped by 58 cents or 0.7 per cent to $79.50 per barrel. Both benchmarks had plunged by more than $5 a barrel early due to the effect of the continued demand worry from China. However, the market recovered after the Wall Street Journal reported that

Image
03-April-2017

Excitement as FG Rolls out More Savings Bond Today

By Modupe Gbadeyanka The Debt Management Office (DMO) has begun the sale of more FGN Savings Bond today, Monday, April 3, 2017 and this has excited some investors. This followed the success of the first subscription of the offer, which was widely embraced by Nigerians, who had the opportunity of investing with as low as N5000. The DMO, in a statement, said on behalf of the Federal Government of Nigeria (FGN), “offers for subscription and is authorized to receive applications for the FGN Savings Bond at the interest rates of 2-Year FGN Savings Bond due April 12, 2019: 12.794 percent

Image
22-May-2018

Facebook, CcHub Launch Africa’s First Hub Space in Lagos

By Dipo Olowookere As part of its commitment and ongoing investment in Africa, Facebook has unveiled in Lagos its first flagship community hub space called NG_Hub. This initiative was put in place by Facebook in partnership with CcHub. In a week-long celebration which will bring together developers, start-ups, and the wider tech community across Lagos and Nigeria, the launch will showcase the new multi-faceted space which aims to bring together communities to collaborate, learn, and exchange ideas. With creativity and excellence existing across all of Nigeria, Facebook also announced partnerships with seven other hubs across the country including in Abuja

Ad
Ad
Recent Stories
Image
05-March-2024

Oil Market Falls Despite OPEC+ Cut Extension

By Adedapo Adesanya  The oil market fell slightly on Monday, as demand headwinds outweighed a widely expected extension of voluntary output cuts through the middle of the year by the Organization of the Petroleum Exporting Countries and its allies (OPEC+). Brent futures dropped 81 cents to quote at $82.74 a barrel while the US West Texas Intermediate (WTI) weakened by $1.22 to trade at $78.75 a barrel. The OPEC+ producers agreed over the weekend to extend their voluntary oil output cuts of 2.2 million barrels per day into the second quarter to cushion the market amid global economic concerns and

Image
05-March-2024

Investors Mop up Nigerian Stocks on Economic Optimism

By Dipo Olowookere The Nigerian Exchange (NGX) Limited witnessed a 0.10 per cent growth on Monday amid optimism that the trip of President Bola Tinubu to Qatar over the weekend will yield positive results. At the Nigeria-Qatar Business and Investment Forum in Doha, Mr Tinubu assured Qatari investors that they would not face any bottleneck while attempting to repatriate their funds. This assurance was welcomed by stock investors, who saw light at the end of the tunnel for the nation’s economy, which is currently suffering because of the shortage in the supply of foreign exchange (FX) into the market. Since

Image
04-March-2024

UK Announces £37.3m to Boost Livelihoods in Nigeria, Others

By Adedapo Adesanya The United Kingdom has announced new funding for the Mobile for Development Programme to help more people access mobile and digital technologies to find new opportunities and boost their livelihoods in Nigeria and other developing countries. UK’s Minister for Development and Africa, Mr Andrew Mitchell MP, during a speech at Mobile World Congress last week, announced that the UK is providing £37.3 million of new support for the Mobile for Development Programme. The new UK funding for innovative mobile phone technology will help change lives in developing countries around the world by harnessing AI technology to provide

Image
04-March-2024

Newly-Listed Transcorp Power Targets N500bn Revenue by 2031

By Adedapo Adesanya The latest company to join the Nigerian Exchange (NGX) Limited, Transcorp Power Plc, has announced a revenue target of N500 billion by 2031, tapping opportunities in the capital market and sustainable energy. This was disclosed by the Managing Director of the firm, Mr Peter Ikenga, during the Facts Behind the Listing held at bourse on Monday. The firm, owned by businessman and Chairman of UBA Plc, Mr Tony Elumelu, listed its stocks on the Main Board of the nation’s flagship exchange by introduction. It listed 7,500,000,000 ordinary shares of 50 Kobo each at N240.00 per share. Speaking

Image
04-March-2024

DisCos Must Promptly Respond to Customers’ Complaints—FCCPC

By Aduragbemi Omiyale Electricity distribution companies (DisCos) in the country have been charged to respond to customers’ complaints quickly for better service delivery. This task was given to the energy firms by the Federal Competition and Consumer Protection Commission (FCCPC), which said the companies must design a quick response mechanism to address issues from their customers. Speaking last Saturday at a four-day one-stop-shop for addressing billing, metering, transformer, connection, disconnection, customer service and other electricity consumer issues in Ikeja Electric coverage areas, the acting executive chairman of FCCPC, Mr Adamu Abdullahi, said the highest number of complaints received by the

Image
04-March-2024

Omokungbe Wants Implementation of Initiatives on Women’s Entrepreneurship

By Aduragbemi Omiyale A former Rector of Yaba College of Technology (YabaTech), Lagos, Mr Obafemi Omokungbe, has called for the implementation of programmes and initiatives designed to promote women’s entrepreneurship in Africa. Speaking at the just-concluded 10th anniversary of the African Women Foundation for Nation Building (WINBAFRICA) in Lagos, Mr Omokungbe, a fellow of the Nigerian Society of Engineers (NSE), also appealed to African countries to renew their commitment to women’s empowerment, saying it is a crucial step towards nation-building. According to him, the journey toward women’s empowerment in Africa involves a comprehensive approach that spans various sectors, including education,

Image
04-March-2024

NGX Group Declares 75 Kobo Final Dividend Amid 57.4% Surge in FY’23 Earnings

By Aduragbemi Omiyale A final dividend of N1.5 billion, amounting to 75 Kobo per share has been declared by the board of the Nigerian Exchange (NGX) Group Plc for the 2023 financial year. This brings to N1 the total dividend to be paid by the company after paying 25 Kobo (N495.5 million) as interim dividend at mid-year. In its audited financial statements for the year ended December 31, 2023, the NGX Group said its gross earnings increased by 57.4 per cent to N11.8 billion in FY 2023 from N7.5 billion in FY 2022 because its performances in core revenue and

Image
04-March-2024

Red Line Rail: Labour Party Demands Value for Money

By Aduragbemi Omiyale The Lagos State chapter of the Labour Party has tasked Governor Babajide Sanwo-Olu to ensure the recently commissioned Red Line Rail does not turn out to be another failure due to poor maintenance culture. In a statement by its Publicity Secretary, Mrs Olubunmi Odesanya, the opposition party appealed to the state government to ensure its sustainability. While greeting residents of the metropolis on the project, which was commissioned last Tuesday by President Bola Tinubu, the Labour Party faulted the timing of its completion, saying the ruling All Progressives Congress (APC) ought to have put the initiative in

Image
04-March-2024

Access Bank to Give 700,000 MSMEs Access to N50bn Via YouThrive

By Modupe Gbadeyanka An initiative known as YouThrive designed to give entrepreneurs in the micro, small and medium enterprises (MSMEs) access to a N50 billion credit facility has been introduced by Access Bank Plc. The lender disclosed at a media briefing in Lagos that about 700,000 MSMEs would benefit from this programme, which is open to business owners between the ages of 21 and 40 years. YouThrive is a transformative initiative designed by Access Bank to empower, uplift, and accelerate the next generation of MSMEs. According to the Deputy Managing Director of Access Bank, Mr Victor Etuokwu, who addressed journalists

Image
04-March-2024

Peter Obi Laments Nigeria’s Dependence on War-Torn Ukraine for Food

By Adedapo Adesanya The presidential candidate of the Labour Party in the 2023 polls, Mr Peter Obi, has lamented Nigeria’s dependence on Ukraine, a country ravaged by war, for food aid. Mr Obi, in a statement on Monday, expressed dissatisfaction at the current economic realities and recounted times when the Nigerian economy was faring better than that of Ukraine in 2015. “Ukraine cultivates over 60 per cent of its arable land, whereas Nigeria has over 60 per cent uncultivated arable land. “Despite the conflict, Ukraine feeds itself, and exports agricultural products worth over $25 billion which is about the same