News
Fraud: NGO Protests At CBN, Submits Petition Against Sterling Bank

A Coalition of Civil Society Organizations against Banks Fraudulent Practices and Customers Victimization, on Wednesday, staged a peaceful protest at the Abuja headquarters of Central Bank of Nigeria and an Abuja branch of Sterling Bank Plc.
At the apex bank’s office, the group submitted a petition, which was received by the Acting Director, Corporate Communications, Central Bank of Nigeria.
The petition dated Monday 6th October, 2025, was addressed to Mr. Olayemi Cardoso, Governor, Central Bank of Nigeria, Abuja.
The protesters displayed placards with several inscriptions such as:
- conspiracy;
- forgery;
- criminal breach of trust;
- taking loan is not a crime;
- Sterling Bank Plc stop suffocating your customers;
- theft;
- make loan repayment transparent, etc.

Comrade Flora Elekwa, Director, Mobilization and Advocacy of the CSO, told officials of the CBN that the trend of fraudulent activities occasioned by unwarranted deductions is becoming alarming and portrays the banking sector in bad light.
The petition was signed by Comrade (Dr.) Sam Wisdom, National Coordinator; Comrade Flora Elekwa, Director, Mobilization and Advocacy; and Lady Cecilia Bisong, National Organizing Secretary.
The CSO stated that it is common knowledge that for a long time, bank customers have been at the mercy of some banks, which on a regular basis debit them for all manner of reasons, some of which are questionable and dubious including hidden charges.
She said the coalition was starting with Sterling Bank on Monday and would picket other banks later.
When put together, according to Mrs Elekwa, “these charges amount to loss of millions of Naira by banks customers to the effect that banks declare trillions yearly as profit at the detriment of the customers who lacked the voice to complain.
“Even the regulatory agencies seem to be helpless in this situation.
“The street protest and advocacy match was aimed at drawing the attention of the government, regulatory authorities, and the general public to these unwholesome, illegal practices with a view to rectifying the situation” Mrs Elekwa said.

Particularly, the group pleaded with the CBN as a supervisory government agency responsible for monitoring and supervision of all banks and financial institutions in Nigeria to immediately ask the Management of a new generation bank to meet the Management of Miden Systems Ltd and harmonize the accounts and refund the company it’s money.
The company alleged that the bank, through its Chief Executive Officer together with the bank’s Financial Holdings Company Plc and four other defendants, used its name to open various spurious accounts through which it allegedly syphoned the company’s funds domiciled with the bank up to the tune of over $200,000,000 (two hundred million Dollars).
The Company alleged: “Funds were moved and misappropriated by the bank at reckless abandon with huge and massive spurious debits to the company’s account.”
It further stated that in line with standard bank practices and extant applicable laws, it continuously and consistently demanded for its statement of account.
However, the bank, rather than do so, denied it access to its funds, the group stated in the petition.

Responding, the Acting Director, Corporate Communications, CBN, assured the protesters that their grievances would be addressed.
The Director thanked the group for organizing a peaceful protest.
Similarly, the group headed to the office of Sterling Bank in Abuja’s Central Business District, to submit a petition.
However, the bank authorities didn’t come out to address the group of protesters who felt slighted and disrespected.
For over two hours, the about 500 protesters occupied the frontage of the bank’s office, chanting songs.
Meanwhile, many passersby joined the frenzy and voiced out their anger against the punitive charges many banks make against their customers.
The two day protest is billed to continue on Tuesday.
News
Nigerian Forest Security Service in Anambra Congratulates Soludo on Re-election
The Anambra State chapter of the Nigerian Forest Security Service (NFSS), has congratulated the governor of Anambra State, Prof. Charles Chukwuma Soludo, on his re-election victory last Saturday.
While congratulating the governor, whose wife Dr. Nonye Soludo, is a Patroness of the group, the leader of the NFSS in Anambra State, Commander Mazi Destiny Emmanuel Jonas, expressed optimism in continued partnership towards safeguarding Anambra State.
“We look forward to continuing our partnership with this administration in safeguarding our forests, combating illegal logging, and enhancing the security of all communities across Anambra State,” Commander Jonas said.
In a statement signed by the Public Relations Officer of the NFSS in Anambra State, CFS Chibuikem Nneke, the group said they were confident in Governor Soludo’s renewed mandate which they affirm speaks to the viability of the governor’s vision of a prosperous and safer Anambra State.
“This renewed mandate is a testament to the confidence the people of Anambra place in the governor’s vision for a safer, more prosperous state”, the statement added
Similarly, the NFSS extended it’s congratulatory message to their Patroness, Dr. Nonye Soludo, saying: “We also wish to extend our congratulations to Mr. Governor’s wife, Dr. Mrs Nonye Soludo (Mama Healthy Living), the beloved Mama Anambra whose pioneering role as the only female National Patroness of the NFSS has inspired countless women and youth in our service.
“Her unwavering support and patronage have strengthened our mission and uplifted the morale of our officers. Congratulations, Madam Patroness, and we are sure that her dedication will continue to be a beacon of hope for the entire Anambra State and Forest Security Service”, NFSS affirmed.
It however, wished Soludo and his wife a remarkable second term in office, filled with landmark achievements.
News
JUST IN: FG Suspends 15% Import Duty on Petrol, Diesel
The Federal Government has suspended its earlier plan to implement a 15% import duty on petroleum products, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) confirmed on Thursday.
In a statement signed by George Ene-Ita, Director of the Public Affairs Department, NMDPRA, the agency said the policy is “no longer in view” and urged Nigerians to avoid panic buying.
President Bola Tinubu had approved the controversial tariff on October 29, 2025, following a proposal by Federal Inland Revenue Service (FIRS) Chairman, Zacch Adedeji. The plan sought to impose a 15% duty on petrol and diesel imports to align import costs with domestic market realities.
The proposal, which had been scheduled to take effect on November 21, 2025, was also meant to encourage local refining by making imported fuel more expensive. The move was widely seen as an effort to protect investments in Dangote Refinery and other modular refineries across the country.
However, experts had warned that the new tariff could push pump prices higher by as much as ₦150 per litre, worsening inflation and transportation costs for consumers.
In its Thursday statement, NMDPRA clarified that the policy would not be implemented as earlier planned.
“It should be noted that the implementation of the 15% ad-valorem import duty on imported Premium Motor Spirit (PMS) and Diesel is no longer in view,” the agency stated.
The regulator also assured Nigerians that there is adequate fuel supply nationwide, noting that the country’s stock remains within acceptable sufficiency levels during this peak demand period.
“There is a robust domestic supply of petroleum products sourced from both local refineries and importation to ensure timely replenishment of stocks at storage depots and retail stations,” it added.
NMDPRA further warned against hoarding, panic buying, or artificial price hikes by marketers. It said it will continue to monitor the market and enforce measures to prevent any disruption in fuel distribution.
“The Authority remains committed to guaranteeing energy security and ensuring smooth supply and distribution of petroleum products across Nigeria,” the statement concluded.
The agency also thanked industry stakeholders for their cooperation in maintaining stable fuel availability across the country.
News
Tinubu Approves Construction of Two Federal Roads in Ekiti
President Bola Tinubu has approved the inclusion of two key federal road projects in Ekiti State in the proposed 2026 national budget.
The projects are the Itawure–Aramoko–Ado Ekiti road and the Aramoko–Ijero–Ifaki Ekiti road.
This was confirmed in a statement by the Chief Press Secretary to the Governor, Yinka Oyebode, who said the presidential approval was communicated through a letter from the Office of the President to the Minister of Works, David Umahi.
Ekiti State Governor Biodun Oyebanji was also copied in the correspondence.
Oyebode explained that the approval followed a high-level meeting between Governor Oyebanji and Senate Leader Opeyemi Bamidele, who visited President Tinubu at the Presidential Villa on November 9, 2025.
The discussions reportedly centered on the poor condition of federal roads across the state.
He added that the approval came amid public complaints about the deteriorating Itawure–Aramoko–Ado route. “There has been deliberate misinformation about the condition of federal roads in the state,” Oyebode said.
“However, the Tinubu-led government has already awarded three federal road contracts in Ekiti, with contractors mobilized to site.”
He further noted that the Oyebanji administration has completed the Ado–Iworoko–Ifaki road and launched several inter-city and intra-city projects over the past three years.
According to him, the two newly approved roads will ease travel, improve connectivity, and boost trade across Ekiti and neighboring states.
“These projects will open up Ekiti to new economic opportunities, in line with President Tinubu’s Renewed Hope Agenda and Governor Oyebanji’s Shared Prosperity vision,” Oyebode said.
Governor Oyebanji also expressed gratitude to the President for his continued support. “On behalf of Ekiti people, I thank President Tinubu for his strategic intervention in the socioeconomic and infrastructural development of our state,” he said.
The governor reaffirmed his commitment to partnering with the federal government, private sector, and development partners to enhance the welfare of residents.
Meanwhile, the Regent of Aramoko-Ekiti, Princess Sherifat Owolabi, recently appealed to the state government to prioritize road rehabilitation.
She warned that the worsening condition of major roads is hurting local trade and discouraging investors.
“Good roads attract investment and drive development,” Princess Owolabi said.
“We are asking the governor to come to our aid and fix our roads. The government has done well in other areas, but this issue needs urgent attention.”
She also urged indigenes in the diaspora to invest in Aramoko, saying improved infrastructure will boost transport, confidence, and commerce in the community.
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