Showing posts with label Spring. Show all posts
Showing posts with label Spring. Show all posts

Monday, August 3, 2009

Nigeria To Host the First Startup Weekend in West Africa!

If you are smart and with great ideas for innovations, you can be among the 250 people to be selected for the first ever Startup Weekend in West Africa this October in Lagos, Nigeria and it is free!54 hours of brain storming session with meals from Friday evening of October 2 to Sunday evening of October 4 and if your innovations make the top best startups, you can make it to the finals next Spring in the United States.You can register online on

Tuesday, January 13, 2009

Nigeria: Nigerian Banks in Trouble!

Can Nigerians trust Nigerian Banks when most of the banks belong to those who have links to money laundering schemes and corrupt practices?

The Nigeria Deposit Insurance Corporation(NDIC)should investigate the activities and accounts of the following Nigerian banks:

1. Bank PHB Plc
2. Zenith Bank Plc
3. Spring Bank Plc and
4. Skye Bank Plc.

Bank PHB Plc is about to acquire the majority shareholdings in Spring Bank Plc, but there is large scale sharp practices reported at the popular Bank PHB and the financial interests of the President of the Federal Republic of Nigeria, Alhaji Umaru Yar'Adua in this bank should be open to the public. The NDIC should investigate the bank for large scale fraud. The source of income of every member of the Board of Directors of Bank PHB should be queried.

The Economic and Financial Crimes Commission (EFCC) may have dropped the charges against Mr. Jim Ovia, the MD of Zenith Bank Plc, but there are still many unresolved issues that the NDIC must address if Mr. Ovia deserves the 'administrative bail,' while his managers are still being held over the N3.2 billion deposits by the Rivers State Government.

The NDIC should also investigate Skye Bank Plc and Spring Bank Plc, because they are not healthy.