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NIPC Boss Urges Media To Promote Nigeria Positively—-The Nigerian Investment Promotion Commission (NIPC), has urged the media to be good ambassadors and promote Nigeria positively to enable the country to attract more investments.

The NIPC Executive Secretary/Chief Executive Officer (CEO), Aisha Rimi, said this at a media “Meet and Greet” organised by the Commission on Friday in Abuja.

Rimi said Nigerians had a role to play in driving President Bola Tinubu’s Renewed Hope Agenda and ensuring the growth and development of the country, adding that the media was not left out.

“So it is essential that we make Nigeria work in whatever shape or forms we can. We are all stakeholders in this, and at every level, everybody has a role to play.

“There are countries where you never hear the press talking wrong about their country, no matter how the story goes, they spin it to their benefit.

“So let us try to do that. Let us be ambassadors. Let us promote Nigeria and promote the good things about Nigeria,” she said.

The CEO acknowledged that there might be instances where we get it wrong and things were not done as they should, but it was up to us to act as ambassadors.

Rimi said, “everybody is an ambassador of this country, and we must ensure that Nigeria is seen positively worldwide.

” Let us highlight the good stories; let us learn to support each other so that investors will be attracted to the country, and we will be able to grow the economy.”

While reiterating the mandate of the Commission, Rimi said NIPC was set up to facilitate and promote access to investors in the country and retain the ones already in existence.

She said,” if nobody traps these people and gives them the support they need, other countries are competing with Nigeria, so we must be very intentional.

” So our job is to bridge that gap between the private sector and government.

“To ensure that our investors, be they foreign or domestic, incoming or already here, that we ensure their experience and economic activities in Nigeria are fruitful and beneficial.

“This is because if they do well, we do well; we know the resultant effects, the multiplier effects that a successful investment will have on our economy, job creation, diversification of the economy, and all of that.”

According to her, the commission is realigning its focus and efforts to key into the new administration and Mr President’s eight-point agenda.

She thanked the media for the support the commission had enjoyed in the past and expressed optimism that such supportive cooperation would continue.

Rimi said,” as I settle down, I will continue to depend on your support to promote the commission’s activities.

“As we go into the next year (2024), by God’s grace, we will keep you abreast of the developments as they occur.

” Please look at us as an open agency. Our doors and ears are open; we will listen to constructive criticism and information, verify what we can, and provide you with what we can.

” But it is a partnership that we all exist in the same ecosystem, and so we must coexist harmoniously, cordially, and respectfully.”

The NIPC boss then pledged a stronger partnership with the media in the coming year while wishing everyone God’s continued blessings, guidance protection, good health, and all prosperity in 2024.

Also speaking, Mr Ifeanyi Onuba, the President of the Commerce and Industry Correspondent Association of Nigeria (CICAN), pledged the members’ commitment to showcase the commission in good light.

Onuba also called on the commission to carry every member of the association along in all its activities.

He said this would enable them to contribute their quota in disseminating the right news/information in a manner that would benefit NIPC and the country’s interest.

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ZENITH BANK REWARDS ITS UNICORN WORKFORCE WITH IMPROVED PAY AND PROMOTES SEVERAL

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ZENITH BANK REWARDS ITS UNICORN WORKFORCE WITH IMPROVED PAY AND PROMOTES SEVERAL

ZENITH BANK REWARDS ITS UNICORN WORKFORCE WITH IMPROVED PAY AND PROMOTES SEVERAL—-One of Africa’s leading financial institutions, Zenith Bank has reaffirmed its dedication to employee welfare by announcing the promotion of over 4,000 staff members and implementing salary increases ranging from 20% to 30% across various employee grades.

This bold initiative, under the leadership of Managing Director/CEO Dame Adaora Umeoji, its aimed at boosting staff morale and productivity.

With over 8,000 employees, this significant investment in human capital reflects Zenith Bank’s belief that its workforce is its most valuable asset. The salary adjustments, effective January 1, 2025, aim to reward performance, alleviate financial pressures, and ensure enhanced customer service delivery. Promotions for top management are also expected as part of the bank’s ongoing commitment to excellence and growth.

Dr. Umeoji emphasized the importance of maintaining a motivated workforce, stating that the bank’s dedication to its employees will translate into superior service experiences for customers. She highlighted the organization’s commitment to setting industry benchmarks through innovative solutions and exceptional service delivery.

Zenith Bank’s continued leadership in the Nigerian financial sector is underscored by numerous awards, including Best Bank in Nigeria 2024 by Global Finance and recognition as the Biggest Bank in Nigeria by Tier-1 Capital in 2024 by The Banker. These accolades complement its reputation for innovation, sustainability, and corporate governance.

By prioritizing employee welfare during challenging times, Zenith Bank not only strengthens its internal operations but also sets a standard for other financial institutions in the region, reinforcing its position as a leader in Africa’s banking landscape.

As a major player in Nigeria’s financial landscape, under its managing director/chief executive officer, Adaora Umeoji, the bank has embraced a holistic approach to growth that integrates environmental, social and governance (ESG) principles with its core business objectives.

At the heart of Zenith Bank’s strategy is a focus on buoying economic inclusion, supporting small and medium-sized enterprises (SMEs) and driving technological innovation to enhance customer experiences. The bank’s proactive investments in renewable energy, sports, digital transformation and impactful community initiatives exemplify its dedication to creating long-term value for its stakeholders while addressing global sustainability challenges.

Zenith Bank’s continued success is driven by a combination of strong financial performance and an unwavering commitment to its stakeholders.

Zenith Bank’s growth trajectory is underpinned by a robust expansion strategy. With operations in several countries, including the UK, UAE, China, and most recently, France, the bank continues to expand its geographical footprint.

As usual, the bank’s efforts in 2024 did not unnoticed as the lender clinched several local and international awards in recognition of its outstanding performance.

In 2024, the bank won the Best Bank in Nigeria at the annual Global Finance award in Washington, DC, NY.

The bank also emerged the Biggest Bank in Nigeria by Tier-1 Capital, 2024 by The Banker; Best Commercial Bank, Nigeria 2024 – World Finance; Best Corporate Governance, Nigeria 2024 – World Finance; Most Sustainable Bank, Nigeria 2024 – International Banker; Bank of the Year, 2024 – Business Day; Retail Bank of the Year, 2024 – Business Day; Bank of the Year 2024- The Banker.

It also clinched the Most Responsible Organization in Africa 2024 – SERAS; Best in Gender Equality & Women Empowerment 2024 – SERAS and Best in Transparency & Reporting 2024 – SERAS

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Sterling Bank Loses N1.2bn After Fraudsters Hacked It’s Server

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Sterling Bank

Sterling Bank Loses N1.2bn After Fraudsters Hacked It’s Server—-An alleged five-man Internet fraudsters, have been arraigned before Justice Ambrose Lewis-Allagoa of a Federal High Court, Lagos, for allegedly hacking into the Sterling Bank Plc’s banking platform and Bance Application, and removed a whooping sum of N1, 257, 536, 572.50 billion.

The alleged five-man Internet fraudsters arraigned before the court on Friday, are: Victor Nwabueze Ogochukwu “M” 50; Favour Odey “F” 22; Adekunle Daniel “M” 34; Akachukwu Alagbogu and 28 years old Oguntade Yetunde “F”.

They were before the court by the operatives of the Police Special Fraud Unit (PSFU), Ikoyi, Lagos.

The prosecutor, Barrister Justine Enang, informed the court that all the defendants and others now at large, conspired among themselves and committed the alleged infractions between November 3 and 4, 2024.

To carry out the alleged fraud, Enang told the court that the defendants collaborated with both the internal staff of Sterling Bank and external parties for possible compromise on sensitive data and security system of the bank by using international mobile equipment identity 14984244, IP address 84252.113.3 & 88 transaction.

He informed the court that the alleged acts of the defendants contravened sections 27(1)(b); 14(1) of the Cyber Crimes (Prohibition, Prevention Etc.) Act, 2015 as amended in 2024, Read along with section 14(1) of the same Act.

Enang also told the court that the defendants’ act was contrary to and punishable under Section 18(2)(b) & (d) and punishable under Section 18(3) of the Money Laundering (Prevention and Prohibition) Act, 2022.

None of the defendants admitted commiting the allegations, as they all pleaded not guilty to the three counts charge of conspiracy, hacking and unlawful possession and conversation of funds made against them.

Following their not guilty plea, their lawyers moved their bail applications, and urged the court to admit their clients to bail in most liberal terms.

The prosecutor however vehemently opposed the bail applications on the ground that the defendants are flight risk, while also cited several ground while the court should discountenance their bail applications.

Ruling on the on the bail applications, Justice Lewis-Allagoa after listening to the parties, admitted each of the defendants to bail in the sum of N50 million with one surety in like sum.

The judge also ruled that the surety must be a landed property owner within the court’s jurisdiction.

Justice Lewis-Allagoa while adjourning the matter to March 13, for trial, ordered that all the defendants be remanded in the custody of the Nigerian Correctional Services (NCoS), pending the perfection of the bail conditions.

The Charges Against The Defendants Read: “That you Victor Nwabueze Ogochukwy “m”, Favour Odey “f’, Adekunle Daniel “m”, Akachukwu Alagbogu and others now at large, sometimes on the 3rd & 4th November 2024, in Lagos State, within the jurisdiction of the Judicial Division of The Federal High Court, with intent to defraud, did conspire amongst yourselves to commit a felony to wit: internet fraud to the sum of N1, 257, 536, 572.50 (One Billion, Two Hundred and Fifty Seven Million, Five Hundred and Thirty Six Thousand, Five Hundred and Seventy Two Naira, Fifty Kobo) by false pretence and thereby committed an offence contrary to section 27(1)(b) of the Cyber Crimes (Prohibition, Prevention Etc.) Act, 2015 as amended in 2024, Read along with section 14(1) of the same Act. 

That you Victor Nwabueze Ogochukwu “m”, Favour Odey “f’, Adekunle Daniel “m”, Akachukwu Alagbogu and others now at large, sometimes on the 3rd & 4th November 2024, in Lagos State, within the aforementioned Judicial Division of The Federal High Court, did knowingly and without authority cause financial lost to Sterling Bank Plc to the tune of N1, 257, 536, 572. 80 (One Billion, Two Hundred and Fifty Seven Million, Five Hundred and Thirty Six Thousand, Five Hundred and Seventy Two Naira, Fifty Kobo) by suppressing one of the banking platform and Bance Application from their various customers’ account to different fraudulent accounts with the collusion of an internal staff/external parties for possible compromise on sensitive data and security system of the bank by using international mobile equipment identity 14984244, IP address 84252.113.3 & 88 transaction, thereby conferred economic benefits on yourselves by converting the money in question to your own use against the Sterling Bank Plc and thereby committed an offence contrary to and punishable under Section 14(1) of the Cyber Crimes (Prohibition, Prevention Etc.) Act, 2015 as Amended in 2024. 

That you Victor Nwabueze Ogochukwu ‘m’, Favour Odey ‘f, Adekunle Daniel ‘m’, Akachukwu Alagbogu and others now at large, sometimes on the 3rd & 4th November 2024, in Lagos State, in the aforementioned Judicial Division of Federal High Court, Lagos, did directly or indirectly converts or transfers, retains or takes possession or control of funds belonging to Sterling Bank Plc, knowingly or reasonably ought to have known that such funds is, or forms part of the proceeds of an unlawful Act and thereby committed an offence contrary to Section 18(2)(b) & (d) and punishable under Section 18(3) of the Money Laundering (Prevention and Prohibition) Act, 2022.”

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