HAS ZENITH BANK BOUGHT TRUECALLER?

So I’m wondering, has Zenith Bank Bought into the True caller App? Because every time I receive or place a call now I get a Zenith bank Ad and it isn’t just me as I have seen it on other devices also. Seems like great exposure and Zenith Bank has taken that opportunity, because they have been appearing very prominently. I have seen it enough to know what their message is (image for image as well) and after interacting with it I was able to open a bank account online! Well, I can since I do not need one kobo for it. (Thank God o! cause people are broke in the country).  So the advert looks like this (photo below).

After some checking I found out that True caller has over 6.2million users in Nigeria and adverts placed on the platform have an estimated reach of 3million views per day.  So this has me asking; does it mean Zenith Bank has had their message viewed not just by me but also by millions of other users daily whether on Android or iPhone.

Now more than over three million people know that you can open an account with Zenith Bank without a single kobo o! 

 So here is my thought, whoever you are, whatever you do, whatever service you render or whatever you produce. Let Nigeria see you!!!

ECOBANK VS HONEYWELL. THE REAL FACTS OF THE MATTER. WHAT DOES A BANK THAT HAS BEEN PAID IN FULL STILL WANT?

Obafoluke Otudeko

There's been plenty of sensationalism concerning this case between the 2 institutions mentioned above that is- Honeywell vs ECOBANK, without people knowing the whole truth of the matter as it were. And because one of the sides was making so much noise and the other was quiet as a matter of in house policy, it was like the other side was guilty for being quiet!

Just because one of the parties had adopted to be quiet and allow the matter take the proper course (follow the proper laid down law procedures for solving matters/issues), without making noise doesn't make them guilty or that they didn't know what to do too.

So what we have done here, is to bring out the the facts of the matter as it were and all that was done before things went askance and got to where it is now.

The summary of the fact is that, Honeywell Group as a business entity and in the individual capacities of those that own the brand and subsidiaries, does not owe ECOBANK a dime, Kobo in any form at all. And that's because all that was owed the bank in any form, totalling ₦3.5 billion Naira after the agreement made with the bank's authorities with evidence was paid. That is, liquidated and settled and therefore, Honeywell Group meaning with all the subsidiaries owes ECOBANK no money, no amount whatsoever.

Honeywell Group commenced discussions with Ecobank in May 2012, with a view to agree a full and final settlement of the indebtedness of three of its operating companies (including HFMP) to Ecobank. All three facilities were originally consummated with the then Oceanic Bank Plc.

Several meetings were held between the parties with a view to achieving a settlement of Honeywell’s indebtedness to the Bank. A settlement was finally reached at the meeting of the 22nd July, 2013 involving the Chairman, Dr. Oba Otudeko CFR, and Ecobank’s Managing Director, Mr. Jibril Aku to the effect that Honeywell should pay the sum of N3.5 billion in full and final settlement of its indebtedness to the Bank

Following the meeting, Honeywell immediately paid the sum of N500 million and wrote to the Bank confirming the terms of the agreement. The Bank responded via its letter dated 22nd July, 2013 confirming the payment agreement, and stating that the balance of N3 billion should be paid before the exit of CBN examiners from the Bank.

Although the Bank stated that the balance be paid before the exit of the CBN examiners, no specific dates were mentioned and Honeywell was not informed of the date of the eventual exit of the CBN examiners even though they kept engaging the Bank in discussions.

After several attempts by Honeywell to discuss the payment of the balance, the Parties held a meeting on the 12th of December, 2013 at Honeywell’s offices involving their Chairman, Dr. Oba Otudeko CFR, the Bank’s Managing Director, Mr. Jibril Aku, the Bank’s Company Secretary, Mrs. Denike Laoye and other senior executives of both organizations. At this meeting, the payment agreement was reiterated by the Parties. There was no mention that the settlement amount had changed or that the agreement had lapsed. The said Bank executives who were in attendance have the authority to bind the Bank statutorily.

Following the 12th of December 2013 meeting, Honeywell completed the payment of the agreed N3.5 billion on the 9th of January, 2014. Honeywell thereafter wrote to Ecobank referring to the meeting of
December 12, 2013 and the agreement reached while also confirming that the payments had been completed as agreed. Honeywell also requested for: (1) a letter of discharge, (2) the release of the securities held against the facilities and (3) an update of the Group’s accounts on the CBN CRMS portal.

More after the break.

BENEDICT PETERS WINS VICTORY AGAINST MONEY LAUNDERING & BRIBERY CHARGES. COURT DECLARES HIS DONATION TO PDP AS LEGAL

Benedict Peters

In what can be considered as a masterstroke of a victory and also a breath of air for him, the high court in Abuja, the Federal Capital Territory today declared and quashed the allegations of multiple money laundering charges and bribery of electoral officials allegations against holidaying oil and gas magnate Mr. Benedict Peters and one of his several companies, Northern Belt.

In the same vein and still via the same court, it was also declared that the $60 million dollars donation by Mr. Peters and his company to the then ruling party, the PDP was a legal donation and also was constitutional and not in breach of any laws of the land. 

With this declaration by the court, the AITEO boss, most definitely would be in a great mood as the somewhat dark cloud that had hung over him and his business for quite a bit now, is been dissipated gradually.

Story is still unfolding.