Lagos — Former Managing Director of Bank PHB, Mr. Francis Atuche yesterday said that he was no longer confident of getting a fair trial before the Federal High Court sitting in Lagos in the alleged fraudulent banking practices leveled against him by the Economic and Financial Crimes Commission (EFCC). Nigerian Bank Nigeria Bank PHB Plc

Former Managing Director of Bank PHB, Mr Francis Atuche, has appealed against a ruling of a Federal High Court in Lagos, which refused to quash the charge against him by the Economic and Financial Crimes Commission, EFCC. Nigerian Bank Nigeria Bank PHB

Spring Bank Plc has introduced fresh incentives to its savings products in order to guarantee optimum customer satisfaction during and after the Easter Season in line with its Betalife campaign. Nigerian Bank Nigeria Spring Bank Plc

While banking sector share prices plunged last year after the Central Bank of Nigeria sacked the top managers of some banks over allegations of financial misappropriation, the share prices of nine banks affected by the CBN reform have bounced back considerably in recent weeks. Nigerian Bank Nigeria Afribank

The way of restructuring going on in the banking sector, which last week saw Bank PHB sacking 966 of its staff members, may soon catch up with Spring Bank Plc, one of the nation’s banks classified as weak by the Central Bank of Nigeria (CBN) since late last year. This time, Spring Bank may not witness mass sack, as it had already had its own share of this earlier with the sacking of over 1000 of its staff members. Nigerian Bank Nigeria Bank PHB

Nigeria’s central bank will avoid any “shotgun” sale of rescued lenders and may take the rest of the year to complete deals with prospective international buyers. “It is not a shotgun marriage, these things happen as they come,” Governor Lamido Sanusi said in an interview in the commercial capital, Lagos. The process may take until the end of the year, Sanusi said. Nigerian Bank Nigeria Bank PHB Plc

Investors interested in acquiring stakes in the banks bailed out by the Central Bank of Nigeria have been asked to make their top three choices, Governor Lamido Sanusi said in an interview with CNBC Television today. Nigerian Bank Nigeria Afribank Nigeria Plc

Former Managing Director of Spring Bank Plc, Charles Ojo, has urged a Federal High Court in Lagos to quash the charge of alleged financial misconduct preferred against him by the Economic and Financial Crimes Commission Nigerian Bank Nigeria Bank PHB Plc

he earlier meeting scheduled with the banks’ managements two weeks ago could not take place because the CBN governor, “whose presence was very critical. Nigerian Bank Nigeria First Bank of Nigeria Plc

Former Managing Directors of Bank PHB, Mr Francis Atuche and his counterpart at Spring Bank, Mr. Charles Ojo, yesterday refused to take their plea, as the newly amended charges were read to them before a Federal High Court in Lagos. Nigerian Bank Nigeria Bank PHB Plc