Stanbic Ibtc

NSE: Market capitalisation rises N77bn, amid renewed interest in blue chips

The Nigerian equities market maintained an upward trend on Wednesday with the market capitalization…

By Temitope Adetunji

Man ‘forges’ signature to withdraw N16.5m from Stanbic IBTC

A 49-year-old applicant, Tunji Ogunsipe, on Friday appeared before an Ikeja Magistrates’ Court, Lagos,…

By wuzupnigeria
How police officers recovered diverted N60. 250 million belonging to Stanbic IBTC The Rivers State Police Command has recovered the sum of N60. 250 million, belonging to one of the new generation banks in Port Harcourt which was missing. The Deputy Commissioner of Police, in charge of Administration, Uche Anozia made the recovery public on Monday. Anozia explained that the recovery was made following a report Monday, by a security guard at a Super market in Port Harcourt in whose premises a vehicle containing the missing cash was parked. He said two banks in Port Harcourt, Zenith and Stanbic ITC, had contracted the services of a Bullion van company in Port Harcourt, to bring they cash from their branches at Aba Abia state. While the service to Zenith was successfully completed and the amount belonging to the bank was delivered in company with armed Soldiers, the cash belonging to Stanbic bank was not delivered. The Soldiers disembarked the bullion van at Zenith bank, leaving the portion meant for Stanbic with the driver alone with the cash the vehicle. This facilitated the driver’s decision to abscond with both the cash and vehicle for three days. However on Monday, N60.250 million contained in five bank sacks, marked and carrying Stanbic IBTC seals were recovered by the Police in a Ford Explorer vehicle. The vehicle was recovered at the premises of a Supermarket at the GRA area of Port Harcourt. The police said both the driver of the Ford vehicle, that of the bullion van and the security man who reported the presence of the Ford vehicle in his business premises are on the run. “Nobody is presently being questioned in connection with the crime,” Anozia said. He noted however, that efforts are on top gear to arrest the fleeing driver and the complainant. Unconfirmed story had it that the actual amount Stanbic ITC bank was expecting from the Aba trip was about N100 million instead of the N60.250 million recovered.

How bullion van driver stole N60. 250 million stolen from Stanbic IBTC

The Rivers State Police Command has recovered the sum of N60. 250 million, belonging…

By Mobola Sadiq