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Chief Executive Officer of Suru Homes Limited, Edward Akinlade, was, on Thursday, arraigned before an Ikeja Special Offences Court for allegedly selling his company’s property which he used as collateral for a Fidelity Bank loan.
Chief Executive Officer of Suru Homes Limited, Edward Akinlade. [citypeopleonline]
Chief Executive Officer of Suru Homes Limited, Edward Akinlade. [citypeopleonline]
The News Agency of Nigeria (NAN) reports that Akinlade and his company were arraigned on a 10-count charge of stealing and issuance of dud cheques.
The Economic and Financial Crimes Commission (EFCC) preferred the charges bordering on attempted fraud against the defendants who, however, plead not guilty.
According to EFCC Prosecutor, Mr Temitope Banjo, Akinlade committed the offences sometime in 2017 in Lagos.
“The defendant, with intent to defraud, converted the property, situated at No. 11A, Lawson Adeyemi St., Ikoyi, Lagos, by selling it without the knowledge of the bank and diverting the proceeds of the sale.
“The property was part of a legal mortgage he had used as part of collateral to secure a loan of N1.7 billion from Fidelity Bank Plc,” the prosecutor said.
Banjo said that on Sept. 8, 2017, the defendant issued nine separate dud Guarantee Trust Bank (GTB) cheques of N10 million each to Fidelity Bank Plc.
“When the cheques were presented for payment, they were dishonoured on the grounds that no sufficient funds were standing in the credit of the account,” he said.
According to the prosecutor, the offences violate Sections 1(1)(a)(b) and 2 of the Dishonoured Cheques Offences Act, 2004 and Section 284 of the Criminal Law of Lagos State, 2011.
After the arraignment, the Defence Counsel, Mr Lawal Pedro (SAN), said that he only became aware of the charges against Akinlade on Aug. 5.
In response, Pedro said that he had filed a bail application and had just served a copy of the application to EFCC.
Responding, the EFCC prosecutor acknowledged receipt of the bail application and told the court that he needed some time to respond to it.
“My lord, the charges have been filed since 2020 and it was impossible and very difficult to get the defendant arrested until yesterday.
“The Bank Fraud Section of the EFCC had, on several occasions, put calls across to the defendant to no avail.
“He jumped administrative bail and he is being investigated by four sections of the EFCC,” Banjo said.
Justice Oluwatoyin Taiwo, in a ruling, granted Akinlade bail in the sum of N30 million, with two sureties in like sum.
“One surety shall be a legal practitioner and the second shall be a close relative of the defendant.
“The sureties shall swear to affidavits of means and their home and office addresses shall be verified by the court,” she said.
The case was, thereafter, adjourned till Oct. 11, for trial.

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KPMG Lists Ecobank Nigeria Among Top Five Customer Experience Leaders In Nigeria

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Ecobank

KPMG, Nigeria’s Leading audit and professional services company, has ranked Ecobank Nigeria among the top five leading banks in Wholesale (Corporate) Banking in the KPMG Customers’ Experience and Satisfaction Survey. Ecobank moved eight places higher than its 2020 classification, and ranked number five in the 2021 survey of Nigerian banks. The top banks in order of rating include Citibank, Standard Chartered Bank, FCMB, Zenith and Ecobank Nigeria.

According to KPMG, Ecobank and other leaders in the segment demonstrated digital banking excellence with higher transaction volumes; adding that they were seen as partners to corporates and also move quickly to address and exceed customer needs. “Our annual banking survey continues to provide an independent platform for banks and other organizations to acquire this outside-in perspective and understand the voice and priorities of Nigerian customers. This year, our results reveal a very competitive landscape in the race for the customer and at the same time, customer feedback that recognizes the effort and innovation of Nigerian banks.” Specifically, it stated that “In the report, we explore, in more detail, key priorities for corporates such as transaction banking support as well as the payments experience for retail customers.”

The KPMG Nigeria Banking Industry Customer Experience Survey has been held annually for the last 15 years with the 2021 edition themed “Changing Customer, Changing Priorities”. The experience survey measures the performance of lenders in the country in terms of their relationship with their account holders and other users of financial services. They are usually rated in three categories – Retail, SME and Wholesale. The 2020 survey covered 15,056 retail customers, 1,856 SMEs and 332 commercial/corporate organisations. Respondents were selected from customers who have interacted with their banks in the last six months.

 

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Jumia Consumers to Enjoy FREE Delivery on Jumia Orders …the aim is to incentivize consumers to shop online

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Jumia

Jumia consumers will enjoy free delivery on Jumia Express orders as the company pushes its Free Delivery campaign within Lagos and Abuja. The campaign is aimed at incentivising consumers to shop daily on the platform. 

“We want Nigerians to conveniently shop online without having to worry about delivery fees. That is why we are introducing the cost-saving promo to enable them to buy more while spending less.,” said Jumia Nigeria CEO Massimiliano Spalazzi.


The deal will be valid for all Jumia Express (items stored at the Jumia warehouse) orders above 4,999 Naira in Lagos and Abuja, excluding large items. The campaign, one of the first for the year, is among several initiatives the company is putting together to encourage consumers to continue shopping on the platform while enjoying a rewarding online shopping experience.

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