Reports Profit Before Tax of ₦60.62billion, a 174% YonY Growth Wema Bank Nigeria has released its unaudited Consolidated Financial Statements for the period ended September 30th 2024, to the Nigeria Exchange Group, NGX. The Bank reported profit before tax of ₦60.62bn, representing an increase of 174% over the ₦22.13bn recorded in the corresponding period in 2023. Wema Bank’s balance sheet remained well structured with total assets growing by 38% to ₦3,084.27 trillion in Q3 2024 from ₦2,240.06trillion in FY 2023. The bank also grew its deposit base year to date by 23% to ₦2,292.30bn from ₦1,860.57bn reported in FY 2023.…
Author: Funke
A sixth prosecution witness, John Ogah, the Secretary to former Governor of Central Bank of Nigeria, Godwin Emefiele, on Wednesday, told the trial judge, Justice Rahman Oshodi of the Special Offences Court, Ikeja that his boss instructed him to send email to Ifeoma Ogbonna, account officer of three companies to send money to beneficiaries. The witness told the court that he sent messages via email to the account officer of three companies: Comec, Limelight, and Answin Resources Limited in Zenith Bank to transfer some amount to certain beneficiaries. Emefiele is standing trial over abuse of office, alleged $4.5 billion and…
The hope that the leadership potentials inherent in today’s youths can be harnessed to tackle leadership challenges the nation is currently facing was rekindled by the Honourable Commissioner, Ministry of Youth and Social Development, Mr. Mobolaji Abubakre Ogunlende. This was the sum of the keynote address delivered by the Honourable Commissioner at the opening ceremony of year 2024 Five-Day Ibile Youth Academy Divisional Training held at Onikan Youth Centre. According to him,” the Ibile Youth Academy is a flagship initiative of the Lagos State Ministry of Youth and Social Development created to inspire and develop the next generation of leaders.…
The Nigerian Bar Association, NBA Ikeja Branch has called on President Bola Tinubu to end all anti-people policies that engender hunger and insecurity in the country. The NBA Chairman, Oluwaseyi Olawumi said this at a press conference held at NBA Secretariat on Tuesday in Lagos. He made known the stance on issues on frequent fuel price hike and the general state of the nation. The association urges the Nigerian government and policymakers to delineate the complicated impacts of fuel price hikes and inflation on individuals, businesses, and socio-economic structures. The association is unsettled that economic pressures are not only straining…
The Police Service Commission, PSC, has said that even as the nation grapples with the current global economic meltdown, members of the commission can improve their lives. The PSC boss, DIG Hashimu Argungu highlighted this while speaking to members of the PSC Cooperative Society and Management Staff when he admonished them to imbibe the Cooperative motto to live by and to make life better, hinting that “it can be something that encourages you when things are tough, or it can be a reminder to stay positive and on track.” PSC Cooperative Society for members -DIG Argungu PSC Ikechukwu Ani, Head of Press and Public Relations,…
The Nigeria Police Force, NPF, has condemned the recent violence in Amagba Community, Edo State, which resulted in the death of Mr. Israel Ogbeide. Reacting to the incident on Thursday, the Force Public Relations Officer, ACP Muyiwa Adejobi said the body of Mr. Israel Ogbeide, was discovered on October 19, 2024, at approximately 2:00 p.m, bearing a fatal gunshot wound. He stated that preliminary investigations suggest that the incident is connected to a longstanding dispute between the Amagba and Obagie communities. He informed that the Inspector-General of Police, IGP Olukayode Adeolu Egbetokun has directed a thorough investigation to uncover the…
The Deputy Governor of Lagos State, Dr. Obafemi Hamzat has expressed concern that unless necessary measures are taken, the state may be submerged under water. The state government official pointed out that cities like the UK and New York City are already experiencing people moving to safer spaces due to climate change. He spoke on Wednesday at the opening of the Lagos State Ministry of Justice Strategic Management Meeting with key stakeholders from various Ministries, Departments, and Agencies, MDAs in Ikeja. According to Dr. Hamzat, the biggest challenge in the country is the mismanagement of land. “We don’t know how…
Former Governor of Kwara State, Abdulfatah Ahmed has been re-arraigned over an alleged stealing and mismanagement of public funds to the tune of N5.78billion. He was re-arraigned alongside his Finance Commissioner, Ademola Banu before Justice Mahmud Abdulgafar of the Kwara State High Court sitting in Ilorin on Monday. They were said to have conspired to steal money meant to pay salaries of teachers working with the Kwara State Universal Basic Education Board and also to provide security and other infrastructural facilities for the people of the State among others. The defendants were charged to court for a 14-count amended charge…
The Attorney General and Commissioner for Justice, Mr. Lawal Pedro, SAN on Monday said the Lagos State Ministry of Justice has forwarded a Bill for the enactment of Administration of Civil Justice Law to the House of Assembly for legislative process. Mr. Pedro disclosed this at a press briefing to mark his first year in office as the Chief Law Officer in the state. The ministry stated that various strides have been made in enhancing access to legal services, streamlining prosecution processes, and ensuring the vulnerable receive the necessary support. According to Mr. Pedro,“If the Bill is passed to Law, it…
In a world where health is wealth, Kola Kuforiji, a Nigerian journalist who had worked for about two decades with Rhythm FM (Sliverbird Group) reporting business is facing an unthinkable challenge, and needs urgent help. Kola, a 54-year-old husband and father of two, whose life was turned upside down when he was diagnosed with a drug-resistant, Parkinson’s disease with pronounced difficulty in walking and tremor has been very ill for more than two years and the severity and debilitating nature of his illness has depleted the finances of his family. He was initially treated at Ikorodu General Hospital, Lagos, where…