Popular Instagram Mimickers, the Ikorodu Bois mimicked Dino Melaye in hospital bed. The video went viral and even made Dino Melaye’s Son to react.
Davido who recently met with the Ikorodu Bois saw the viral video online and was impressed.
Davido commented on the post. He wrote:
Lmao, these kids are legends… Send una account make I send 1m to una, this one enter.”
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Thursday, 10 January 2019
Teni & Sister, Niniola Send Tributes To Dad Who Was Assassinated 24 Years Ago
Today marks 24 years since the father of music stars #Niniola and #Teniola passed away. Singer Niniola and Teni took to their Instagram page to share a touching tribute for their dad, Simeon Olaosebikan Apata.
Their father was a retired Nigerian Army Brigadier-General and he was assassinated on January 8, 1995.
Teni Entertainer wrote:
Their father was a retired Nigerian Army Brigadier-General and he was assassinated on January 8, 1995.
Teni Entertainer wrote:
“APATA GANGA!!!!! ERINLAKATABU!!!!!! Hey daddy your little girl ain’t so little anymore, yah girl is going on tour, yah little Teni is now MAKANAKI, I wish you were here to hear people sing my songs word for word. They thought killing you was the end, but we only just started, we are taking this to the �. And yes I did it, I graduated from the university. I’m working really hard to make you smile wherever you are. RIP to the bravest man I’ve ever heard of. Bad boy benzy! OGA, philanthropist, soldier, business man, Thank you for all the lives you touched. Love you always till we meet again. “Won ro pe o tan, sugbon olorun so pe o ku, omo laso”
DONE DEAL! Man United Beat Liverpool To Signing Of This Villarreal Star Man
Former Premier League champions, Manchester United have won the race ahead of Liverpool to sign Villarreal defender, Adrian Corral.
United and Liverpool are both interested in signing Carral in recent weeks.
According to Spanish outlet, Super Deporte, United are on the verge of completing the signing of the youngster from the La Liga side.
The report also claimed that the 16-year-old has already told Villarreal that he will not sign professional terms with the club.
Corral will join United’s academy, which is currently run by former Red Devils’ manager, Nicky Butt once the deal is finalized.
United and Liverpool are both interested in signing Carral in recent weeks.
According to Spanish outlet, Super Deporte, United are on the verge of completing the signing of the youngster from the La Liga side.
The report also claimed that the 16-year-old has already told Villarreal that he will not sign professional terms with the club.
Corral will join United’s academy, which is currently run by former Red Devils’ manager, Nicky Butt once the deal is finalized.
GOOD BYE! Striker Morata Is Finally Leaving Chelsea For This Big Club
Chelsea striker, Alvaro Morata has decided to leave Stamford Bridge to join La Liga side, Sevilla.
This claim was made by Sevilla director of football, Joaquin Caparros on Tuesday.
Caparros also said that the Spain international want to join Sevilla, but admitted that reaching a deal with Chelsea for the former Real Madrid striker will be difficult.
According to him, Sevilla are interested in signing Morata this January transfer window.
“We are interested in Morata, but it is a very complicated operation due to his cost,” Caparros told Sevilla’s official television channel.
“The player [Morata] wants to come here over other options, but the negotiation with Chelsea will be very complicated.”
Morata has struggled at Stamford Bridge since joining Chelsea from Real Madrid last summer.
The 26-year-old was dropped by Blues manager, Maurizio Sarri in Chelsea’s 1-0 defeat by Tottenham Hotspur on Tuesday in the Carabao Cup semi-final first leg encounter.
This claim was made by Sevilla director of football, Joaquin Caparros on Tuesday.
Caparros also said that the Spain international want to join Sevilla, but admitted that reaching a deal with Chelsea for the former Real Madrid striker will be difficult.
According to him, Sevilla are interested in signing Morata this January transfer window.
“We are interested in Morata, but it is a very complicated operation due to his cost,” Caparros told Sevilla’s official television channel.
“The player [Morata] wants to come here over other options, but the negotiation with Chelsea will be very complicated.”
Morata has struggled at Stamford Bridge since joining Chelsea from Real Madrid last summer.
The 26-year-old was dropped by Blues manager, Maurizio Sarri in Chelsea’s 1-0 defeat by Tottenham Hotspur on Tuesday in the Carabao Cup semi-final first leg encounter.
Pastor arrested for allegedly impregnating 16-year-old girl in Akure
A pastor has been arrested for allegedly sexually assaulting and impregnating a 16-year-old girl in Abusoro, Ijoka area of Akure, Ondo state.
The suspect Josiah Akinsuyi, is the pastor of Christ Apostolic Church (CAC) in Ondo state.
Parading Josiah Akinsuyi before newsmen, the state Commandant of NSCDC, Pedro Awili, said the suspect’s act was brought to light after the victim confessed to her father that she is four months pregnant and that the pastor is responsible for her pregnancy.
The victim and her parents were taking refuge in the church building when the pastor seduced her and started sleeping with her.
The NSCDC commandant said the pastor who was transferred to the church last year was introduced to the girl by one Sunday Babatunde, who had also been sleeping with the girl.
He added that one of the sisters of the victim knew about the development and from the investigation of the command, the girl’s sister had to intervene before the victim could cooperate with the pastor.
“Our investigation revealed that the pastor has been sleeping with the young girl for some time. A pregnancy test had been conducted which confirmed that the girl is four months pregnant. We also discovered one of the elder sisters of the girl knew about the whole development.
It was gathered that the young girl rejected the Akinsuyi overtures the first time he talked to the girl but her elder sister intervened, urging the young girl to cooperate with the pastor and she has been sleeping with her since then.
The young girl said the man has been sleeping with her in the classroom of one private school owned by Pastor Akinsuyi’s wife. Though the pastor denied having any intercourse with the girl”
The pastor denied the allegation, saying it was a calculated attempt to smear his image. He denied having sex with the girl.
The suspect Josiah Akinsuyi, is the pastor of Christ Apostolic Church (CAC) in Ondo state.
Parading Josiah Akinsuyi before newsmen, the state Commandant of NSCDC, Pedro Awili, said the suspect’s act was brought to light after the victim confessed to her father that she is four months pregnant and that the pastor is responsible for her pregnancy.
The victim and her parents were taking refuge in the church building when the pastor seduced her and started sleeping with her.
The NSCDC commandant said the pastor who was transferred to the church last year was introduced to the girl by one Sunday Babatunde, who had also been sleeping with the girl.
He added that one of the sisters of the victim knew about the development and from the investigation of the command, the girl’s sister had to intervene before the victim could cooperate with the pastor.
“Our investigation revealed that the pastor has been sleeping with the young girl for some time. A pregnancy test had been conducted which confirmed that the girl is four months pregnant. We also discovered one of the elder sisters of the girl knew about the whole development.
It was gathered that the young girl rejected the Akinsuyi overtures the first time he talked to the girl but her elder sister intervened, urging the young girl to cooperate with the pastor and she has been sleeping with her since then.
The young girl said the man has been sleeping with her in the classroom of one private school owned by Pastor Akinsuyi’s wife. Though the pastor denied having any intercourse with the girl”
The pastor denied the allegation, saying it was a calculated attempt to smear his image. He denied having sex with the girl.
Your career is going to end once the war is over’ – Blackface declares total war on 2Baba
Blackface Naija has declared total war on 2Baba, saying on his Instagram page that the latter’s career is going to end once the war is over.
The former founding member of defunct Plantashun Boyz took to his Instagram page earlier today to make this known. though he didn’t reveal what triggered the post. See what he wrote below;
Can the #WAR officially begin @official2baba ? I say it has now #officially… even though you been taking secret shots but you can come out in the open now You know your career is going to end when this is finally over #youareoverwith2019
The former founding member of defunct Plantashun Boyz took to his Instagram page earlier today to make this known. though he didn’t reveal what triggered the post. See what he wrote below;
Can the #WAR officially begin @official2baba ? I say it has now #officially… even though you been taking secret shots but you can come out in the open now You know your career is going to end when this is finally over #youareoverwith2019
Wednesday, 9 January 2019
I call lati boy’ buys a Keke Napep for transport business after Davido gave him N1m
So it may seem as though “I call Lati” guy is a smart person, as he has used out of the 1 million naira Davido blessed him with, to cop himself a brand new keke napep to start up a transportation business.
Recall that last year, on the 27th of December during David’s concert in Lagos, the singer promised a fan the huge sum, for his efforts in protecting girls from being harassed at the concert.
At some point, the male fan went viral after he took to Instagram to call out Davido who had instructed him to call his personal assistant, Lati, to redeem his cash but was unable to reach him.
He finally was able to get through to Davido and he’s got his cash
Recall that last year, on the 27th of December during David’s concert in Lagos, the singer promised a fan the huge sum, for his efforts in protecting girls from being harassed at the concert.
At some point, the male fan went viral after he took to Instagram to call out Davido who had instructed him to call his personal assistant, Lati, to redeem his cash but was unable to reach him.
He finally was able to get through to Davido and he’s got his cash
Jeff Bezos divorcing his wife of 25 years
Jeff Bezos and his wife, MacKenzie, are getting a divorce after 25 years of marriage.
Bezos, 54, made this announcement on Twitter. He said he and his wife had been through a trial separation and have now decided to end their 25-year marriage.
Bezos said the divorce is amicable and they are grateful for the years they have been married to each other. He said they will remain a family and stay “cherished friends”.
He also adds: “If we had known we would separate after 25 years, we would do it all again.”
Jeff Bezos is the richest man in the world. He and McKenzie own a total of 400,000 acres of property, making them 2 of the biggest landholders in the country. They have 4 children together.
The couple got married in 1993 long before Bezos became rich. He actually became a millionaire in 1997. They live in Washington, which is a community property state. That means any assets accrued during the marriage are split 50/50, unless there’s a prenup.
Amazon is now the most valuable company on the planet … worth nearly $810 BILLION!
Below is his divorce announcement shared on Twitter;
Bezos, 54, made this announcement on Twitter. He said he and his wife had been through a trial separation and have now decided to end their 25-year marriage.
Bezos said the divorce is amicable and they are grateful for the years they have been married to each other. He said they will remain a family and stay “cherished friends”.
He also adds: “If we had known we would separate after 25 years, we would do it all again.”
Jeff Bezos is the richest man in the world. He and McKenzie own a total of 400,000 acres of property, making them 2 of the biggest landholders in the country. They have 4 children together.
The couple got married in 1993 long before Bezos became rich. He actually became a millionaire in 1997. They live in Washington, which is a community property state. That means any assets accrued during the marriage are split 50/50, unless there’s a prenup.
Amazon is now the most valuable company on the planet … worth nearly $810 BILLION!
Below is his divorce announcement shared on Twitter;
“I Have Been Fair To Igbos Despite Low Votes From Them” – President Buhari
President Muhammadu Buhari has taken a swipe at those criticizing him for alleged marginalization of the Igbo.
Buhari said despite getting low votes from people in the region during the 2015 elections, he had been impartial in his appointments.
He spoke during an interview aired on Arise TV on Monday which was monitored by our correspondent.
The President had during the interview said if re-elected, it would not take a long time before he chose members of his cabinet.
“Somebody made an observation that I was not patronizing the Igbo from the South East. I told him that when I won the election, I studied the amount of votes I got from all the geopolitical zones.
“I said I got 198,000 from the whole of the South East, which virtually any local government can give me. But I appointed ministers of foreign affairs, labour, industries, and investment, mines and tech; these four; I never knew them from Adam. Ministers of States from seven states of the north are under these ministers. How fair do you want me to be?” he added.
Buhari said despite getting low votes from people in the region during the 2015 elections, he had been impartial in his appointments.
He spoke during an interview aired on Arise TV on Monday which was monitored by our correspondent.
The President had during the interview said if re-elected, it would not take a long time before he chose members of his cabinet.
“Somebody made an observation that I was not patronizing the Igbo from the South East. I told him that when I won the election, I studied the amount of votes I got from all the geopolitical zones.
“I said I got 198,000 from the whole of the South East, which virtually any local government can give me. But I appointed ministers of foreign affairs, labour, industries, and investment, mines and tech; these four; I never knew them from Adam. Ministers of States from seven states of the north are under these ministers. How fair do you want me to be?” he added.
”I Have Never Collected A Dime From Any Of My Artists” – Davido Says
Davido has come out to state that he does not receive any cut from the money made by his artists.
The DMW boss made this known in an open question and answer session with his fans tagged #AskDavido on Twitter on Wednesday, January 9, 2018.
Responding to a fan who asked him about the benefits that come with being a member of the DMW label,
Davido explained,
”I HAVE NEVER COLLECTED A DIME FROM ANY OF MY ARTIST EVEN THO THEY R UNDER CONTRACT.. I don’t need the money I’d rather them use it to invest in themselves.”
This is the first time that he has publicly spoken on how finances are handled with the label which houses a number of notable names like Mayorkun, Peruzzi, Dremo, Idowest, Sinzu and more.
He further answered questions on a range of issues concerning his music and his personal life.
In 2018, Davido released a number of chart-topping records, but of the lot, he chooses ‘Nwa Baby’ as his favorite song.
He also confirmed that he has collaborated with Roc Nation rapper Casanova on a record that also features Canadian rapper, Tory Lanez and is expected to be released in the coming weeks.
Actor advises Efe and Teddy A to quit music and start pure water business
An actor who identifies himself as ‘Brakin Face’ has advised reality TV stars Efe and Teddy A to quit music and start pure water business.
According to the man, being an alumni of a reality TV show doesn’t guarantee instant success in the music industry.
And it is high time Efe and Teddy A realised they should try their hands on other things before they exhaust the prize money they got on the show.
He wrote:
@efemoney Nd @iamteddya make una nor come dey feel say big brother Nd music industry relate first eye go turn una 2 like round about when present account balance don turn #2,500 make una nor go open pure water factory firstmake the neighborhood respect una for just one thing first😂😂😂
@efemoney u go still talk say u nor know say hon jollof ur back bone from day 0 do rally yesterday ooo cos na u busy pass but u dey get chance dey go studio go misbehave😂😂 una eye go clear if una nor use una brain oooo😂😂😂🏃♂️🏃♂️
According to the man, being an alumni of a reality TV show doesn’t guarantee instant success in the music industry.
And it is high time Efe and Teddy A realised they should try their hands on other things before they exhaust the prize money they got on the show.
He wrote:
@efemoney Nd @iamteddya make una nor come dey feel say big brother Nd music industry relate first eye go turn una 2 like round about when present account balance don turn #2,500 make una nor go open pure water factory firstmake the neighborhood respect una for just one thing first😂😂😂
@efemoney u go still talk say u nor know say hon jollof ur back bone from day 0 do rally yesterday ooo cos na u busy pass but u dey get chance dey go studio go misbehave😂😂 una eye go clear if una nor use una brain oooo😂😂😂🏃♂️🏃♂️
Teacher arrested for masturbating in classroom as students watch
A substitute teacher at Creekside Middle School in Fairfield was arrested on Tuesday after he was caught masturbating in classroom while students were present.
Identified as 41-year-old Tracey Abraham, Fairfield police received a complaint on Tuesday at about 10:30 a.m. about the alleged incident involving Abraham.
According to a statement from Fairfield schools, students reportedly noticed ”suspicious behavior by the substitute that was taking place behind” the teacher’s desk around 10:30am.
The alleged behavior was reported to administrators and the teacher was immediately removed from school property.
Charges were filed against Abraham for public indecency. He was arraigned Tuesday in Fairfield Municipal Court.
School officials said in a statement that Abraham will not be returning to the district.
Abraham’s father claimed the incident was a misunderstanding and said his son “never had an issue like this in his life.”
“I don’t think what [the students] saw is what really was happening,” Rick Abraham told the Cincinnati Enquirer.
Identified as 41-year-old Tracey Abraham, Fairfield police received a complaint on Tuesday at about 10:30 a.m. about the alleged incident involving Abraham.
According to a statement from Fairfield schools, students reportedly noticed ”suspicious behavior by the substitute that was taking place behind” the teacher’s desk around 10:30am.
The alleged behavior was reported to administrators and the teacher was immediately removed from school property.
Charges were filed against Abraham for public indecency. He was arraigned Tuesday in Fairfield Municipal Court.
School officials said in a statement that Abraham will not be returning to the district.
Abraham’s father claimed the incident was a misunderstanding and said his son “never had an issue like this in his life.”
“I don’t think what [the students] saw is what really was happening,” Rick Abraham told the Cincinnati Enquirer.
Man who killed his girlfriend in Ondo for calling him a lazy youth refuses to marry her corpse
24-year-old man identified as Saliu Ladayo, who was arrested and sent to Olokuta prison in Akure, the Ondo State capital in 2018, for the alleged murder of his 19-year-old girlfriend, Nwamma Confidence Chidiebere, has refused to marry her corpse.
Ladayo allegedly stabbed Chidiebere to death last May, for calling him a ‘lazy youth. He later blamed the devil for his actions, saying he was under a spell when he killed the girl.
The family of the late Chidiebere had insisted that Ladayo marry her corpse, warning him that if he refuses to do so, his family members would not exceed her age at the time of her death.
“You must follow us to our state, Imo, where the wedding will be carried out like a normal wedding, with wedding gowns, rings and even the payment of bride price before she could be buried, “the girl’s family had told him.
The suspect was said to have agreed initially to the traditional rites arrangement but later changed his mind, a family source said.
“He is a Yoruba boy and the Ibo culture is probably strange to him,” the source added.
According to the mother of the deceased, Mrs Lovelyn Nwamma, the parents of the boy, they learnt, live in Lagos, while the boy was until the incident lived with his uncle in Akure.
“We have asked them to bring money to perform the rites without them but they have not shown up, while the corpse of our daughter has been lying in the mortuary for eight months,” she said.
The case is pending in court and will come up on January 15, 2019.
Ladayo allegedly stabbed Chidiebere to death last May, for calling him a ‘lazy youth. He later blamed the devil for his actions, saying he was under a spell when he killed the girl.
The family of the late Chidiebere had insisted that Ladayo marry her corpse, warning him that if he refuses to do so, his family members would not exceed her age at the time of her death.
“You must follow us to our state, Imo, where the wedding will be carried out like a normal wedding, with wedding gowns, rings and even the payment of bride price before she could be buried, “the girl’s family had told him.
The suspect was said to have agreed initially to the traditional rites arrangement but later changed his mind, a family source said.
“He is a Yoruba boy and the Ibo culture is probably strange to him,” the source added.
According to the mother of the deceased, Mrs Lovelyn Nwamma, the parents of the boy, they learnt, live in Lagos, while the boy was until the incident lived with his uncle in Akure.
“We have asked them to bring money to perform the rites without them but they have not shown up, while the corpse of our daughter has been lying in the mortuary for eight months,” she said.
The case is pending in court and will come up on January 15, 2019.
Falz reacts to Simi’s and Adekunle Gold wedding
Singer, Falz The Bahd Guy may have just reacted to Simi and Adekunle Gold’s wedding Engagement and wedding, which is scheduled to hold today.
The singer took to his twitter page to share a gif of a boy crying…
According to several sources, Gold and Simi did their ‘secret wedding introduction’ in Magodo, Lagos 3 weeks ago.. and they are set to become legally married today, 9th of January.
According to our source, Simi and Adekunle Gold are set to tie the nuptial knot later today and only 300 people will be privileged to witness the epoch event.
We can authoritatively confirm this!
Their white wedding is slated for Thursday at Ilashe beach.
The singer took to his twitter page to share a gif of a boy crying…
According to several sources, Gold and Simi did their ‘secret wedding introduction’ in Magodo, Lagos 3 weeks ago.. and they are set to become legally married today, 9th of January.
According to our source, Simi and Adekunle Gold are set to tie the nuptial knot later today and only 300 people will be privileged to witness the epoch event.
We can authoritatively confirm this!
Their white wedding is slated for Thursday at Ilashe beach.
God knows i can never do that’ – Davido addresses allegations that he slapped Kizz Daniel’s manager
Now the singer has addressed the issue again on Twitter during questions and answers session with his fans today.
After one fan asked about the situation surrounding the saga, Davido replied saying he never did what he was accused of and is still heartbroken how they switched up on him after all he did for them.
Thursday, 3 January 2019
Burna Boy and Mr Eazi announced to perform at Coachella 2019
A year after Beyonce made headlines with her Coachella performance, the organizers of the festival have rolled out the lineup for this year's edition with two Nigerian artists announced to perform.
Buurna boy alongside Banku Music boss, Mr Eazi have been announced to perform at this year's edition of the festival.
The annual California festival announced its complete lineup on Wednesday night, January 2, 2019 with Childish Gambino and Ariana Grande among the headliners along with the likes of Diplo, Tame Impala and Khalid.
Super Eagles player, Emmanuel Emenike, completes his mansion in Owerri (photos)
Super Eagles player, Emmanuel Emenike, has started the year in a good way. He has just completed his mansion in Owerri, Imo state and would be opening it on January 4th.
His wife, ex-beauty queen, Iheoma, who shared some photos of the completed mansion on her social media, said the interior of their new home is breathtaking.
”Now this is how it’s done!!!!!! What!! Castle for a Queen and King! Thank you obim @emenike_9 There’s a whole drive way even . the interior? drop dead breathtaking!!These pictures don’t even do justice, so if you’re in owerri come through tomorrow for the house opening #bossmoves#whenthemoneylong #blessingsin201
His wife, ex-beauty queen, Iheoma, who shared some photos of the completed mansion on her social media, said the interior of their new home is breathtaking.
”Now this is how it’s done!!!!!! What!! Castle for a Queen and King! Thank you obim @emenike_9 There’s a whole drive way even . the interior? drop dead breathtaking!!These pictures don’t even do justice, so if you’re in owerri come through tomorrow for the house opening #bossmoves#whenthemoneylong #blessingsin201
Former Kano Governor, Abdullahi, dies in German hospital
A former military Kano State governor, Hamza Abdullahi, has died at the age of 73 after a brief illness.
A former military Kano State governor, Hamza Abdullahi, has died at the age of 73 after a brief illness.
Retired Air Vice Marshal, Hamza Abdullahi Retired Air Vice Marshal, Hamza Abdullahi
According to a statement signed by the spokesperson of the Hadejia Emirate Council, Talaki Mohammad, on Thursday, January 3, 2019, the retired air vice marshal died in a German hospital on Wednesday, January 2.
Abdullahi served as Kano governor between January 1984 and August 1985 under the military government of General Muhammadu Buhari who's currently the nation's democratic president.
He later served as the Minister of Works and Housing, and then as the Minister of the Federal Capital Territory after Buhari's government was toppled in a coup led by General Ibrahim Babangida.
A former military Kano State governor, Hamza Abdullahi, has died at the age of 73 after a brief illness.
Retired Air Vice Marshal, Hamza Abdullahi Retired Air Vice Marshal, Hamza Abdullahi
According to a statement signed by the spokesperson of the Hadejia Emirate Council, Talaki Mohammad, on Thursday, January 3, 2019, the retired air vice marshal died in a German hospital on Wednesday, January 2.
Abdullahi served as Kano governor between January 1984 and August 1985 under the military government of General Muhammadu Buhari who's currently the nation's democratic president.
He later served as the Minister of Works and Housing, and then as the Minister of the Federal Capital Territory after Buhari's government was toppled in a coup led by General Ibrahim Babangida.
Stanbic Bank ‘takes over’ Bank of Baroda
The deal for Stanbic Bank to takeover the operations of Bank of Baroda was sealed in the last days of December 2018.
The takeover was done under an arrangement that comes at no cost to Stanbic Bank Ghana Limited.
By the takeover it means the customers of the Bank of Baroda are nw customers of Stanbic Bank Ghana
The deal for Stanbic Bank to takeover the operations of Bank of Baroda was sealed in the last days of December 2018.
The takeover was done under an arrangement that comes at no cost to Stanbic Bank Ghana Limited.
By the takeover it means the customers of the Bank of Baroda are nw customers of Stanbic Bank Ghana.
Stanbic Bank Stanbic Bank
The Ghana unit of Standard Bank of South Africa, Stanbic Bank Ghana Limited, has taken over the local subsidiary of Indian-state lender, Bank of Baroda.
The takeover was done under an arrangement that comes at no cost to Stanbic Bank Ghana Limited.
According to the Daily Graphic, the deal was sealed in the last days of December 2018 allowing for Baroda to officially wind up its Ghana operations on December 31.
Meanwhile, the Bank of Ghana (BoG) has approved the takeover with an official announcement to follow soon.
The takeover means that the customers of the Bank of Baroda are now customers of Stanbic Bank Ghana.
The customers have been migrated without any distraction to their funds and the banking system.
This makes the Bank of Baroda the first bank to voluntarily liquidate in Ghana.
Around August 2018, the bank resolved to wind up its Ghana operations to avoid raising the GH₵400 million minimum capital, which it says its operation does not require.
Baroda, which started operations in 2008, was servicing mainly Indian customers and considered one of the profitable banks in the country.
Until Stanbic won the deal to takeover Baroda, CAL Bank and Sahel Sahara Bank among others were also interested in taking over the bank’s operations
The takeover was done under an arrangement that comes at no cost to Stanbic Bank Ghana Limited.
By the takeover it means the customers of the Bank of Baroda are nw customers of Stanbic Bank Ghana
The deal for Stanbic Bank to takeover the operations of Bank of Baroda was sealed in the last days of December 2018.
The takeover was done under an arrangement that comes at no cost to Stanbic Bank Ghana Limited.
By the takeover it means the customers of the Bank of Baroda are nw customers of Stanbic Bank Ghana.
Stanbic Bank Stanbic Bank
The Ghana unit of Standard Bank of South Africa, Stanbic Bank Ghana Limited, has taken over the local subsidiary of Indian-state lender, Bank of Baroda.
The takeover was done under an arrangement that comes at no cost to Stanbic Bank Ghana Limited.
According to the Daily Graphic, the deal was sealed in the last days of December 2018 allowing for Baroda to officially wind up its Ghana operations on December 31.
Meanwhile, the Bank of Ghana (BoG) has approved the takeover with an official announcement to follow soon.
The takeover means that the customers of the Bank of Baroda are now customers of Stanbic Bank Ghana.
The customers have been migrated without any distraction to their funds and the banking system.
This makes the Bank of Baroda the first bank to voluntarily liquidate in Ghana.
Around August 2018, the bank resolved to wind up its Ghana operations to avoid raising the GH₵400 million minimum capital, which it says its operation does not require.
Baroda, which started operations in 2008, was servicing mainly Indian customers and considered one of the profitable banks in the country.
Until Stanbic won the deal to takeover Baroda, CAL Bank and Sahel Sahara Bank among others were also interested in taking over the bank’s operations
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Goldspot news was blocked by goggle for some unknown reasons I just received an email that it has been reopened and verified we promise to serve you better this year and to give you top latest news thank you
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