POLICE DECLARE ABC TRANSPORT FOUNDER’S DAUGHTER WANTED FOR ALLEGED CYBERCRIME. (PHOTO).

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 Police Declare ABC Transport Founder’s Daughter Wanted for Alleged Cybercrime The Nigeria Police Force has declared Ihuoma Julia Nneji, daughter of ABC Transport founder Frank Nneji, wanted for alleged cybercrime offenses, including criminal defamation, cyberstalking, and injurious falsehood. The notice, issued by the Police National Cyber Center in Abuja and shared on the Force’s official social media pages, links Nneji to alleged cyberbullying and blackmail of an Abuja businessman between August and September 2024. A Federal High Court order has reportedly been secured for her arrest. Attempts to reach the Force PRO for further details were unsuccessful.

CBN APPROVES FINANCIAL ACCOMMODATION FOR UNITY BANK AND PROVIDUS BANK MERGER.(PHOTO).#PRESS RELEASE


 Central Bank of Nigeria www.cbn.gov.ng


PRESS RELEASE


CBN Approves Financial Accommodation For Unity Bank and Providus Bank Merger


The Central Bank of Nigeria (CBN) has granted approval for a pivotal financial accommodation to support the proposed merger between Unity Bank Plc and Providus Bank Limited. This strategic move is designed to bolster the stability of Nigeria's financial system and avert potential systemic risks.


The merger is contingent upon the financial support from the CBN. The fund will be instrumental in addressing Unity Bank's total obligations to the Central Bank and other stakeholders. It is unequivocal to state that the CBN's action is in accordance with the provisions of Section 42 (2) of the CBN Act, 2007. This arrangement is crucial for the financial health and operational stability of the post- merger organisation.


Furthermore, it is important to emphasise that no Nigerian bank currently faces a precarious situation comparable to that of Heritage Bank, which was recently liquidated. The CBN remains committed to safeguarding depositors' interests and ensuring the smooth functioning of the banking sector through proactive measures and strategic interventions.


The CBN's decision underscores its dedication to maintaining financial stability and promoting confidence in the banking system during this transformative period.


August 06, 2024


Sidi Ali, Hakama (Mrs.) Ag. Director, Corporate Communications

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