The Head of Media and Entertainment Financing at Sterling Bank, Olanrewaju Olalusi, made this known in Lagos.
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The Bank offered the explanation on Sunday night after a viral video showed that it had the money in its vault
The bank was said to have refused to dispense it through its five Automated Teller Machines for about two weeks
The Imperium Platform was launched following the unveiling of the Nigerian electricity industry report entitled, “Powering Nigeria: How Solar Energy Can Become a Sustainable Electricity Alternative.”
The cleaning up exercises involved cleaning of markets, roads and beaches to commemorate the World Recycling Day.
Omni X, an integrated investment and liquidity management platform, presents the Bank’s wide range of digital products and service offerings to users. The novel solutions which is configured to enable businesses invest and raise seamlessly also complements Sterling’s existing corporate Internet banking platform.
Sterling Bank announced this development in a statement on Monday as the world woke up to celebrate Valentine’s Day.
The Bank according to a press release it issued Friday said the event also targeted in those that have been selected to partake in the Founder Institute Lagos Virtual Spring Program.
This year’s edition featured 30 events, including book chats, panel discussions, documentary and film screenings.
The House had invited the MD in the last two weeks to clarify issues surrounding the N20 billion bailout fund it fixed in the state’s name
The defendant allegedly used his position to convince the microfinance bank to deposit the said sum through him.
A Federal High Court sitting in Lagos on Tuesday ordered the freezing of a bank account belonging to the Kogi State Government
The report, titled: “Agriculture Industry Report 2021,” provides the most up-to-date view of the challenges and opportunities in Nigeria’s agriculture sector in a COVID-19 era.
The deal facilitated the granting of credit facilities to tourism entrepreneurs in the state at a maximum interest rate of 9 per cent.
The Nigeria Tourism Awards recognise and celebrate exemplary and outstanding individuals and organisations in the country’s tourism sector.
SABEX, first introduced in 2018, is the world’s first fully digitised, end-to-end blockchain commodities trading and financing platform, built by Sterling Bank Plc in collaboration with AFEX Commodities Exchange Limited.
Delivering judgment, Justice Benedict Kanyi, also directed that the claimants be paid N576,720 each, being the judgment sum of N1.7 million, which was their unpaid salary arrears.
The bank made the remarkable financial performance despite the prevailing uncertainties that characterised the macro-economic environment in the wake of the outbreak of the COVID-19 pandemic and the attendant fiscal reforms by the Federal Government.
Bukola Awosanya, the Group Head, Agric Finance and Solid Minerals Financing for Sterling Bank, said in a statement in Lagos that SWAY-AgFin was designed by the Bank in collaboration with MasterCard Foundation.
Governor Adegboyega Oyetola of Osun State, who disclosed this in a statement in Osogbo, said the event would kick-start the aggressive implementation of plans that would make Osun Sterling Tourism Vision 30-30 a reality.