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GTB Top Managers Hack Dangote, Shell, Chevron, Others’ Accounts, Steal N1billion

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GTB Top Managers Hack Dangote, Shell, Chevron, Others’ Accounts, Steal N1billion

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global News understands that Guaranty Trust Bank (GT Bank) has come under serious attacks in recent times. The bank has gotten itself entangled with five different mega entities with a Lagos Federal High Court attempting to referee and settle things between the bank and the businesses. The only problem is that not one of these businesses is a small fry and the object of contention is a staggering N1 billion which has disappeared from the GT Bank domiciliary accounts of these companies.

 

 

 

 

 

GTB Top Managers Hack Dangote, Shell, Chevron, Others’ Accounts, Steal N1billion

 

 

 

 

 

 

 

 

 

 

 

 

 

 

This online newspaper understands that coming first in any tournament of business and profitability requires boldness robust enough to topple the world. But when this boldness leads in the direction of greed and infamy, the trophies that follow being triumphant would eventually bury the winner under the weight of a bad reputation.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For context, the entities whose trust GT Bank has reportedly lost are Chevron Nigeria, Shell Nigeria, Dangote Agro Sack Ltd, Nigeria Breweries, and the Jigawa State Local Government.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The story is that four men deployed the resources of four companies to snatch varying but ginormous amounts of money from Chevron and the others.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Certainly, a duplicitous act steeped in fraud, the accused used various means to hack GT Bank databases, thereby obtaining unauthorized access to the corporate accounts of these mega entities.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Although GT Bank is not the first prominent bank to have its server hacked, not even in 2023, it is certainly the one with the largest hole based on how much was stolen from the domiciliary accounts of Chevron, Dangote, and others. The boldness of the accused boggles the healthy mind but the Court is yet to decide on what to do, and so it has pushed the next hearing of the case to a fresh date.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Whatever happens with the case, one thing is for sure: GT Bank has to give an explanation for the alleged porousness of its security system. Otherwise, it would be a guaranteed nest for fraud and fraudsters.

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Banking

Towards A Stronger Union – Year 105 in Review

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Union Bank Unveils Brand New Sonic Identity – The Sound of Union

Towards A Stronger Union – Year 105 in Review

 

 

 

 

 

 

 

 

 

 

Global News Reports That Lagos, NIGERIA – 2022 was a remarkable year for Union Bank of Nigeria (“Union Bank“). The leading financial institution celebrated its 105th year of serving Nigerians with the announcement of the completion of a landmark transaction that saw the integration of the Bank with Titan Trust bank to form a stronger union. This announcement kicked off several noteworthy events and major milestones and Union Bank is pleased to recapitulate these milestones the Bank recorded in 2022. The noteworthy events in each month are summarised below under the respective headings.

 

 

 

 

 

Towards A Stronger Union - Year 105 in Review

 

 

 

 

January 2022: Union Bank celebrates its 105th year of operations as Titan Trust Bank gets nod from regulators for the official integration. The fusion of both entities created expanded networks, increased operational efficiency and capacity as well as improved service delivery for the customers. The new direction set Union Bank on a path of delivering prosperity and shared growth for its partners and customers all over the African continent.

 

 

 

 

 

 

 

 

 

 

 

 

 

February 2022: As part of its commitment to push beyond banking to promote innovation and creativity nationwide, Union Bank partnered with AfricaNXT – formerly known as Social Media Week, to host the largest gathering of innovators across Africa. As an organisation focused on accelerating digital innovation, Union Bank showcased some of its ‘Digital Ventures’ products (Kula, Booster and M36) at the event via an interactive booth. The Bank also hosted two insightful sessions – a panel discussion and a masterclass session – targeted at the tech ecosystem.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 2022: As an organisation committed to leading the charge for inclusion and parity, Union Bank has consistently leveraged International Women’s Day (IWD) to promote impactful discourse and encourage positive action for gender equality 2022 was no different. In in line with the 2022 global theme #BreakTheBias, the Bank hosted an event to celebrate everyday women breaking biases and shattering barriers in their professional and personal lives.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A key highlight of the event was the inauguration of the first executives for Wehub – Union Bank’s Women Empowerment Hub which is an internal network launched in 2016 to motivate, connect and provide support to women within the Bank. The newly elected executives were charged with the task to drive the implementation of impactful initiatives aimed at advancing the Bank as a progressive place to work.

 

 

 

 

 

 

 

 

 

 

 

 

 

April 2022: As part of its ‘Beyond Banking’ strategy and commitment to innovation and technological advancement in Nigeria, Union Bank launched SpaceNXT a future-forward, purpose designed co-working technological and innovation hub built to promote innovation and encourage collaboration within the tech ecosystem in Nigeria. Located within the Union Bank Head Office in Lagos Nigeria, SpaceNXT provides an enabling environment where tech enthusiasts, visionaries and creators can converge for the propagation of new ideas. It is a launching pad for innovators to collaborate, develop and improve on ideas around digital systems and tech-based solutions.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

May 2022: Following the completion of the official integration, and the subsequent receipt of all necessary regulatory approvals, Union Bank posted a formal notice of change in control with TGI Group, parent of TTB, now the majority shareholder and core investor in Union Bank. In addition to this, the Bank also announced the completion of the divestment of the Bank’s entire shareholding interest (direct and indirect) in its subsidiary, Union Bank (UK) Plc (“UBUK”) and the effective appointment of a Chief Executive Officer, Board Chair, and the reconstitution of a new Board of Directors. The new CEO, Mr Mudassir Amray and Board Chair, Farouk Gumel assumed office on the 2nd of June 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

June 2022: Leading development bank Afrexim Bank backed Titan Trust Bank with the sum of $300,000,000 to support the integration with Union Bank. This is to ensure the Bank is well positioned to deliver value to its customers and shareholders.

 

 

 

 

 

 

 

 

 

 

 

 

July 2022: Following a successful first season, Union Bank announced the return of Save & Win Promo, its flagship campaign aimed at rewarding new and existing customers with cash rewards and other gift items worth over N55,000,000. The second edition of the nationwide campaign coincides with the Bank’s 105th anniversary and will benefit more customers to appreciate them for their support and loyalty over the years.

 

 

 

 

 

 

 

 

 

 

 

August 2022: As part of its continued commitment to UN SDG5, Union Bank continued its long-standing partnership with Junior Achievement Nigeria (JAN) to impact over 300 girls, in the 21st edition of the Leadership Empowerment Achievement and Development (LEAD) Camp which marked the eighth year of collaboration between JAN and Union Bank. The week-long event was used to provide guidance and improve the skill sets of the girls in areas of financial literacy, entrepreneurship, technology, creative arts, and entertainment. Development sessions in the program included coding, understanding sexual abuse, and personal hygiene, while the participants also received mentorship from respectable and high-ranking women in the country’s private and public sectors.

 

 

 

 

 

 

 

 

 

 

 

 

September 2022: Mr. Farouk Gumel, Chairman, Board of Directors, Union Bank of Nigeria delivered the keynote address that formed part of the theme for the 15th Annual Banking and Finance Conference tagged Repositioning the Financial Services Industry for an Evolving Global Context. In his remarks, Farouk Gumel emphasised how the rapidly expanding agricultural sector in Nigeria has the potential to grow exponentially and contribute not just to the advancement of the Nigerian economy, but also the welfare of the local farmers who form a large percentage of the unbanked.

 

 

 

 

 

 

 

 

 

 

 

 

 

He highlighted how Union Bank in their 105-year history continues to support the Nigerian farmer and pointed out that the recent integration with the parent TGI group has further opened more opportunities for the Bank to leverage international partnerships to service the rural economy.

 

 

 

 

 

 

 

 

 

 

 

In the same month, Union Bank partnered with WACOT Rice Limited – a foremost rice producing company and subsidiary of Tropical General Investment (TGI) Group, to provide banking solutions for 6,000 local farmers including men, women, and young people across 4 Local Government Areas in Kebbi State. This partnership, called the Kebbi Financial Inclusion Drive is in line with Union Bank’s commitment to boost financial inclusion in Nigeria.

 

 

 

 

 

 

 

 

 

 

 

October 2022: Union Bank signed a partnership with Mobihealth – a globally recognised, integrated telehealth provider based in the UK, facilitating health solutions for underserved communities in Africa. This first of its kind partnership is part of Union Bank’s commitment to enabling success for its customers. The Bank aims to leverage this partnership to expand access to high-quality and convenient healthcare services for its customers at discounted rates.

 

 

 

 

 

 

 

 

 

 

 

 

In addition, Union Bank also secured a $25 million funding line from Africa Agriculture & Trade Investment Fund (AATIF) to expand its agricultural business footprint in Africa. This funding aims to support the Bank’s agri-expansion and outreach strategy and is expected to further contribute to the growth of the competitive food and agricultural sector in Nigeria that is fully aligned with national priorities – including improving food security, increased agricultural production and local food processing.

 

 

 

 

 

 

 

 

 

 

 

 

 

November 2022: To expand its footprint in Africa, Union Bank signed an MOU with Attijariwafa Bank – a leading multinational commercial bank and financial services company based in Morroco. Through this partnership both Banks will develop new joint business opportunities for their respective customers that seek to support the trade finance and investment corridors between Nigeria and all the countries where Attijariwafa bank operates.

 

 

 

 

 

 

 

 

 

 

 

 

December 2022: To closeout it’s 105th year anniversary activities, Union Bank launched a brand-new sonic identity tagged ‘The Sound of Union. The launch of the Sound of Union – a 9-track EP, spanning different genres including afrobeats, highlife, jazz, alternative rock and more – is part of the Bank’s strategy to engage with todays and tomorrow’s generations. The goal of the launch is to leverage the universality of music to build better connections with new and existing audiences through this unique sound identity. The Sound of Union EP is now streaming exclusively on Boomplay.

 

 

 

 

 

 

 

 

 

 

Awards & Recognitions: In 2022, the Bank received several awards and recognitions both locally and globally including the Global Finance award for the Best SME Bank 2023, the Euro Money Euromoney ‘Highly Regarded’ Bank for Corporate Banking, Corporate and Social Responsibility (CSR) and Environmental, Social and Governance and ‘Notable’ Bank for SME Banking and Digital Solutions. We were also awarded the Middle East and Africa Banking Innovation Awards for Best Trade Finance Platform 2022, and Budgit Active Corporate Citizens award for Civic Investments.

 

 

 

 

 

 

 

 

 

Please note that as a summary, this is not a comprehensive listing of the Bank’s events and activities during each stated period. As we look ahead to 2023, Union Bank remains committed to providing simpler and smarter solutions for its customers.

 

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More Winners to emerge in the Ongoing Polaris Save & Win Promo

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More Winners to emerge in the Ongoing Polaris Save & Win Promo

More Winners to emerge in the Ongoing Polaris Save & Win Promo

 

 

 

…as 2nd draw holds on December 8

 

 

 

 

 

Global News Reports That The second draw of the on-going Polaris Bank Save & Win promo is scheduled to hold on Thursday December 8, 2022.

 

 

 

 

 

More Winners to emerge in the Ongoing Polaris Save & Win Promo

 

 

The draw which will be conducted electronically, will hold at the Bank’s Victoria Island, Lagos headquarters, and will be broadcast live on the Bank’s social media channels where winners that emerged will be contacted and rewarded instantly.

 

 

 

 

 

 

 

 

 

The first draw that was held on November 4, had a total of 62 winners in a transparent selection witnessed by the relevant regulatory authorities.

 

 

 

 

 

 

 

 

 

 

 

The Bank in a statement on Monday, December 5, disclosed that a total of 100 Nigerians will be winners and will take-home cash prize of N100,000 each in the November Draw.

 

 

 

 

 

 

 

 

 

 

 

According to Polaris Bank, customers can still participate in, or increase their chances of winning by depositing a minimum of N5,000 in their Savings account. Also, non-customers of the Bank can participate for a chance to win in the draw by opening a Polaris Savings account with N2,000 and growing same to N5,000 before the draw date.

 

 

 

 

 

 

 

 

 

 

 

Representatives of the relevant Lottery Commissions, Advertising Regulatory and Consumer Protection Agencies would be present at the draw to monitor and ensure transparency in the process.

 

 

 

 

 

 

 

 

 

The general public is invited to participate and follow the draw live on the Bank’s social media handles: @Polarisbankltd on Facebook, Twitter, Instagram and YouTube.

 

 

 

 

 

 

 

 

 

 

 

Polaris Bank announced that this year’s Save & Win promo will reward over 4,000 Nigerians with cash gifts ranging from N100,000 to N1,000,000 in its monthly, quarterly and special draws.

 

 

 

 

 

 

Below are four (4) ways to participate in the promo:

 

 

 

 

 

 

1. Download VULTe on iOS and the App store to open a Polaris Savings Account or dial USSD *833*0# on your phone or log into Polaris Bank savings portal at https://accounts.polarisbanklimited.com/opening/

 

 

 

 

 

 

2. Grow your account by N5,000 or more for 30 days or 3 months to qualify for monthly & quarterly draws respectively; by N50,000 in 3 months to qualify for Xmas Special draw.

 

 

 

 

 

 

 

 

3. If your account is dormant, you can reactivate your account without visiting the Bank by simply logging into the portal: https://accounts.polarisbanklimited.com/reactivate/, accept the terms and conditions, and update the required details the Bank may need.

 

 

 

 

 

 

 

4. Follow the Bank’s handles @polarisbankltd across all social media platforms or visit the website at www.polarisbanklimited.com to stay updated.

 

 

 

 

 

 

 

 

Polaris Bank, adjudged Digital Bank of the Year 2021 and 2022, is a future-determining Bank committed to delivering industry-defining products for individuals and businesses.

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Banking

Sterling Refreshes Romance With The Arts At Ake Festival

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Sterling Refreshes Romance With The Arts At Ake Festival

Sterling Refreshes Romance With The Arts At Ake Festival

 

 

 

 

 

 

 

 

Global News Reports That Sterling Bank Plc, Nigeria’s leading financial institution, has said it is committed to supporting the annual Ake Books and Arts Festival because it sees Nigeria as part of a larger world and believes that Nigeria’s ultimate competitiveness lies in its energy.

 

 

 

 

 

Sterling Refreshes Romance With The Arts At Ake Festival

 

 

 

 

Executive Director at Sterling, Yemi Odubiyi, who disclosed this over the weekend in a goodwill message at the opening of the 10th edition of the Ake Books and Arts Festival said Nigeria can become a leader in the world and its creative people as part of its competitiveness.

 

 

 

 

 

 

 

 

 

 

Odubiyi continued by saying that “Nigeria enjoys a comparative advantage in the arts and culture domain, and Sterling, being focused on promoting the development of human capital and improving national competitiveness, is thrilled to have been a part of the festival for the past six years and plans to continue to do so.”

 

 

 

 

 

 

 

 

 

 

 

Also speaking, Founder and Director of Ake Books and Arts Festival, Lola Shoneyin said, “I’m often amused when people say they can’t believe how long we’ve been doing this. I believe it has been 10 years. It has been 10 years of bringing brainwaves to life, 10 years of learning, 10 years of celebrating the incredible work that so many of you have done and are still doing and 10 years of making lifelong friends.”

 

 

 

 

 

 

 

 

 

 

 

She said ‘Homecoming’ was chosen as the theme of this year’s festival because, “We were going back to Abeokuta where it all began, and it was time to reconnect with our ancestral roots. The main reason ‘Homecoming’ was so perfect is that we couldn’t wait to have you back at Ake after the COVID-19 pandemic”.

 

 

 

 

 

 

 

 

 

 

She said, after two years of lockdown and online festivals, the festival is back again as participants can mingle, catch up on news and strengthen their friendships. Adding that this moment, this feeling, is what has kept them going.

 

 

 

 

 

 

 

 

 

 

 

The Founder said the priority has always been to ensure that guests feel at home since the very first edition of the Ake Festival. Consequently, during this year’s edition of Ake Review, guests were asked to express what home means to them, and the common responses were: A place of love; friendship and a sense of belonging, she said.

 

 

 

 

 

 

 

 

 

 

Shoneyin thanked the winner of the 2021 Nobel Prize for Literature, Professor Abdulrazaq Gurnah and his wife, Professor Denise Gurnah for honoring the invitation to attend the festival in person. She also thanked the headliner of this year’s festival, Professor Veronique Tadjo, for finding time to be a part of the festival.

 

 

 

 

 

 

 

 

 

Other highlights of this year’s festival include the hosting of Directors of the Global Association of Literary Festivals while many of the panel sessions explored different aspects of the theme.

 

 

 

 

 

 

 

 

 

 

Some of the sessions focused on why home exerts a pull on us, stirs our creative impulses, influences our creative expressions, evokes profound sentiments, and shapes our perception of the outside world.

 

 

 

 

 

 

 

 

 

 

 

 

Others explored the impact of conflict, capitalism, and climate disasters as well as what it means to be displaced, to live away from home and, of course, to return. The festival also featured book discussions on the idea of a home and how for some people, the home might not be a place of safety, but a place of violence, among others.

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