A Federal High Court in Kaduna has ordered the interim forfeiture of N1.37 billion Kaduna State fund allegedly hidden in a Sterling Bank account with no proper documentation,. The judge, H. Buhari, issued the forfeiture order on February 28, following an ex parte application by the Independent Corrupt Practices and Other Related Offences Commission (ICPC),…
Sterling Bank’s recent 7% salary increase which was announced earlier this month has been met with widespread criticism and disappointment among its employees, who feel undervalued, overworked, and underappreciated. According to sources, the bank’s Executive Trainees (ETs) will receive a monthly raise of ₦24,000, from ₦327,000 to ₦351,000, while Senior Executives will receive…
Justice Olumuyiwa Martins of a Lagos High Court has awarded N75 million damages against Sterling Bank Plc, over a breach of the non-disclosure and non-circumvention agreement it had with Comfort Stevens Nigeria Limited and its Chief Executive Officer, CEO, Dr. John Nwankwo. The court said N50 million was for damages, while N25 million serves as…
Sterling Bank Ltd., Nigeria’s leading commercial bank, has proudly announced a strategic partnership with Export And Sell Nigeria Limited (EAS), a leading international trade consultancy, to organize the “Export to Wealth” conference. This ground-breaking initiative which is being held between 6th – 7th of March 2024, aims to empower at least 2,000 export-ready businesses…
CBN has slammed Sterling Bank N218 Million fine for unfair contract Terms, among other offenses. Truetells Nigeria reports that the Central Bank of Nigeria (CBN) fined Sterling Bank N218 million for shutting down two branches without approval, amongst other contraventions. This online newspaper learnt that Sterling Bank was sanctioned for the…
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) says it has arrested the Regional and Service managers of Sterling Bank Plc in the federal capital territory for hoarding N258 million of the new naira notes. The commission, in a statement made available to Truetells Nigeria on Tuesday night said the fund was stashed in…
Sterling Bank has been accused of fraudulently withdrawing N600,000 (Six Hundred Thousand Naira) from a market woman’s account in their bank. A displeased trader made a scene at one of Sterling Bank branches after N600,000 went missing from her account. According to a video sighted by TruetellsNigeria, the woman whose name wasn’t disclosed could be seen…
FG has filed 24 charges against Abba Kyari after uncovering 14 assets linked to the former commander of the Intelligence Response Team. Shopping malls, residential estate, polo playground, lands and farmlands belonging to Abba Kyari were uncovered by the FG in different locations in the Federal Capital Territory, Abuja and Maiduguri, Borno State. …
In a suit marked EHC/216/2015, Agro Allied Development Enterprises, the claimant had sued Joma Frozen Food Limited, 1st defendant; Sterling Bank Plc, 2nd defendant and Godwin Obali Nwekoyo, 3rd defendant, following an alleged illegal sealing of its business premises by the defendants. AHigh Court sitting in Effurun, Uvwie Local Government Area of Delta State has…
Abia State Police Command count losses following a armed robbery attack on a Sterling Bank Bullion Van. Reports says that the police escort with the Bullion van was shoy dead during the Robbery in Aba area of the state. Truetells Nigeria understands that the incident, which took place on the 26th of July 2022, at…
