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Leading financial institution, Fidelity Bank, has been listed as one of the most capitalized banks in Nigeria based on Q3 2023 financial results. According to an article published in Thisday newspapers, the bank reported a capital base of N410.75 billion as of September 2023 against N314.3 billion in 2022. Also featured on the list are Zenith Bank, UBA, First Bank, Access Holdings, First Bank Holdings, Ecobank, GTCO Holdings, Stanbic IBTC Holdings, FCMB, and Sterling Financial Holdings. Following the announcement of the planned recapitalisation of commercial banks by the Central Bank...

The Kaduna Zonal Command of the Economic and Financial Crimes Commission (EFCC), on October 13, 2023, arraigned Michael Anan Onimisi before Justice R.M Aikawa of the Federal High Court, sitting in Kaduna for developing a software code-named: “Bee-Leaf” and “Real-Eve” to defraud First City Monument Bank Plc, the sum of N17,785,010.75 (Seventeen Million, Seven Hundred and Eighty-Five Thousand, Ten Naira and Seventy-Five Kobo only). Head of Media and Publicity of EFCC, Dele Oyewale, in a statement, said “Onimisi was accused of developing the software to hack into the security measures of the bank, in...