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Zenith Bank Wins Best Bank in Nigeria Award Fourth Time

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Zenith Bank Plc has once again secured the title of Best Bank in Nigeria, marking its fourth consecutive win in the Global Finance Best Banks Awards 2024. This accolade underscores the bank’s consistent excellence in the Nigerian banking landscape, with previous victories dating back to 2019. The recognition comes amidst stiff competition, with banks from 36 countries in Africa vying for distinction in Global Finance’s 31st Annual Best Bank Awards.

The selection process for the awards involved rigorous evaluation by Global Finance’s editors, who consulted extensively with corporate financial executives, banking experts, and analysts worldwide. Criteria for determining the top banks encompassed various factors, including asset growth, profitability, geographical reach, strategic partnerships, innovation in products and services, and feedback from industry professionals. Dr. Ebenezer Onyeagwu, the Group Managing Director/Chief Executive of Zenith Bank, expressed gratitude for the recognition, attributing it to the bank’s resilience and commitment to delivering exceptional value to stakeholders.

Onyeagwu also commended the visionary leadership of Zenith Bank’s founder and Chairman, Jim Ovia, for laying the foundation of a robust financial institution. He praised the board, staff, and loyal customers for their collective contributions to the bank’s success. With the impending leadership transition, marked by the appointment of Adaora Umeoji as Onyeagwu’s successor, Zenith Bank remains poised to uphold its legacy of excellence and innovation in the Nigerian banking sector.

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EFCC Secures Warrant to Arrest Ex-Kogi Gov Yahaya Bello

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The Federal High Court in Abuja has granted the Economic and Financial Crimes Commission (EFCC) permission to arrest former Kogi State Governor, Yahaya Bello, ahead of his court appearance on Thursday.

Justice Emeka Nwite authorized the warrant earlier today following the EFCC’s request.

This decision comes after a conflicting ruling from the Kogi State High Court, which previously barred the EFCC from arresting, detaining, or prosecuting the former governor.

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Chaos Ensues as Ododo Allegedly Thwarts Attempt to Arrest Ex-Gov Bello

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Pandemonium erupted as Kogi State Governor, Ahmed Ododo, reportedly intervened to prevent the arrest of former governor Yahaya Bello at his Abuja residence, leading to gunfire.

Armed operatives of the EFCC had sought to arrest Bello, but faced resistance upon arrival. Governor Ododo later arrived at the scene and was suspected to have left with Bello in his official vehicle.

Additional security forces were called in to support the EFCC, leading to a tense standoff. As Ododo departed with Bello, security operatives opened fire amid suspicions that the former governor was in the governor’s vehicle.

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Tinubu Applauds Dangote as Diesel Price Dips to N1,000 per Litre

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President Bola Tinubu has praised Dangote Oil and Gas Limited for slashing the price of diesel, a move expected to impact industries and transportation costs positively.

In a statement by his media aide, Ajuri Ngelale, Tinubu emphasized the significance of the diesel price reduction, foreseeing a ripple effect on the nation’s economy.

Dangote recently announced a significant reduction in the price of Automotive Gas Oil (diesel) from N1,650 to N1,000 per litre for bulk purchases, with additional discounts for larger volumes.

The reduction, amounting to a 60% drop, is poised to alleviate the burden of high transportation costs and contribute to stabilizing prices across various sectors.

Acknowledging the partnership between the federal government and Dangote Refinery, in which the government holds a 20% stake, Tinubu emphasized the importance of such collaborations in advancing national prosperity.

He urged Nigerians and businesses to prioritize national interests, assuring them of a conducive environment for growth and development.

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