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Yahoo Plus Boy, James Nwagalezi hacks into Ecobank Mobile App, withdraws N207m




A Nigerian man has been arrested for allegedly using charms to hacking into Ecobank mobile application and withdrawing N207 million.

A 28-year-old suspected fraudster, James Nwagalezi was arraigned before a Lagos Magistrate’s Court on Thursday, for allegedly conniving with Okoli Nmesoma, to hack into the mobile app account of Eko Bank Plc and unlawfully withdrew N207 million.

Nwagalezi is facing a four-count charge bordering on felony to wit unlawfully hacking into bank account and stealing, preferred against him by the Police.

Police prosecutor, Inspector Jimoh Joseph, told the court that the defendant and others still at large committed the offence on April 27 at Igboelerin, Okokomaiko, Ojo, Lagos.

He said The management of the bank at its headquarters in Lagos reported the fraud to the Divisional Police Officer, DPO, in charge of Ikoyi Division, SP Tijani Mustapha, who directed a crack team led by Inspector Tope Ijatuyi to fish out the suspects.

He added that “Nwagalezi was arrested after several months of manhunt. His arrest brings the number of suspects arrested and charged to court to six. The Police are still hunting for more suspects involved in the alleged fraud.”

According to the prosecutor, the offences are punishable under Sections 411, 387, 287 and 325 of the Criminal Laws of Lagos State, 2015.

However, Nwagalezi pleaded not guilty to the charge.

Magistrate B. I. Bakare granted him N1 million bail, with two sureties in like sum, one of whom must be a community leader.

He adjourned the case till July 4 and ordered that the defendant be remanded at the Ikoyi Prison, pending when he is able to perfect his bail conditions.


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Fidelity Bank launches ‘GAIM 3’ to create value for customers




Fidelity Bank Plc Monday, announced the launch of Season 3 of the “Get Alert in Millions” promo (GAIM 3).

At a press conference in the bank’s head office in Lagos, the MD/CEO, Nnamdi Okonkwo appreciated “esteemed customers for their loyalty and patronage.”

Mr Okonkwo said the ‘Get Alert in Millions Promo’ was the 8th promo in 11 years and is designed to create value and opportunities for customers.

He added that “Excellence in Customer Service“, which is the theme of this year’s Customer Service is going the extra mile to ensure that customers are happy and satisfied with the Bank’s products or services.

Mr Okonkwo says it pays to stay with Fidelity Bank listing three reasons, the Savings Scheme (GAIM 3 and others before it); the Fidelity Loyalty Scheme and; the strengthening of financial inclusion, encouraging the savings culture and empowering customers.

He also talked about the ease customers enjoy with Fidelity to include, Online Banking; Instant Banking *770# and Flaskey.

In his brief remarks, Mr Okonkwo says the bank is all-inclusive as it is an SME Bank which has set up a full-fledged SME division.

In attendance were the National Lottery Regulatory Commission (NLRC), Lagos State Lottery Board, Consumer Protection Commission (CPC), EXCO Colleagues, Staff Members, Valued Customers, Gentlemen of the Press.



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Heritage Bank backs global movement for affordable solar electricity in Lagos




Heritage Bank Plc has aligned forces with ‘Liter of Light Nigeria’, a global open source movement, to provide sustainable solar electricity for Itomaro community in Lagos State.

Passionate about making cheap and sustainable solar street lights accessible to the impoverished off-grid communities in Nigeria, the partnership, on Thursday, launched 35 units of solar energy-powered street lights it produced for the community. The movement comprises a group of Nigerian students of the University of Nottingham, United Kingdom, who is passionate about making a positive difference to the world through the gift of light.

In his remarks to the beneficiary community during the launch, the MD/CEO of the bank, Ifie Sekibo, who was represented by Ozena Utulu, Head, Brand Management & Sustainability, Heritage Bank Plc, commended the people living in the community for giving access to the joint team of Heritage Bank and Liter of Light Nigeria to execute the project.

He noted that it takes two to tango; stressing that without their confidence in the project the achievement recorded would not have been possible. She therefore commended the youth of the community, who volunteered to participate in the training sessions organized during the two-week period of the production of the street lights.


Sekibo was confident that with the knowledge acquired during the training sessions, the effective maintenance of the new street lights would not be difficult. Her words: “These youth already have the knowledge required to ensure the street lights are effectively sustained and to produce more units.”

The MD charged those youth to research more into what solar energy can be used for in the contemporary world. She stated: “Read more about solar energy; you never can tell where the knowledge you have acquired under the programme can lead to in the future. My advice for you is try to discover yourself now concerning what you would love to become in the future and begin to work towards achieving the goal.

Sekibo’s words: “Use the knowledge acquired today to create wealth. The power rests with you now. In everything you do in life, challenges can come; but remain steadfast and confront whatever storm of life. With such determination, you will achieve your goal.”

Meanwhile, Enemona Adaji, one of the Project Co-coordinators for Liter of Light, disclosed that the movement was founded with the aim of providing ecologically sustainable street lights. According to him, the easily constructed device consists of a 1-2L bottle fashioned into a solar bulb delivering as much light as a 40 – 60-watt incandescent bulb.

According to him, the team had earlier provided100 sustainable and affordable solar-powered lightings to the Makoko slum, an area which previously struggled with lighting.

Also speaking at the event, Emma Tayou, representative of the University of Nottingham; explained that the institution has culture of charging its students to think about any viable project that can help to positively impact the society.

According to her, a group of Nigerian students of the university decided that they would take on the challenge of lighting up the dark streets of impoverished communities in this country. She said the university bought into the idea and supported them with the take-off grant that set the initial pedestal for them.

She therefore commended the team for the sacrifices each member is making to ensure the mission is accomplished in every community selected.

Among the 25 volunteers, who participated in the project in Itomaro are: Emmanuel Mustapha and Abraham Samuel.

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Sekibo urges entrepreneurs to collaborate with banks’ SME desks for growth




Managing Director and Chief Executive Officer of Heritage Bank Plc, Ifie Sekibo has encouraged the budding African entrepreneurs of the Next Titan Housemates to talk to small and medium enterprise (SME) desks of banks because the Central Bank of Nigeria (CBN) has a policy for disbursing money to banks for SMEs sector.

Sekibo stated this while delivering a keynote address titled: Why African needs new breed of entrepreneurs and why is Heritage Bank championing it, at the premiere of the 5th edition of the Next Titan TV reality show in Lagos over the weekend.

The Next Titan is Nigeria’s entrepreneurial reality TV show where thousands of ambitious young entrepreneurs across the country compete with one another for a grand prize of N5 million and a brand new car to start his or her dream business.

He, however challenged the budding entrepreneurs to stir up their entrepreneurship DNAs in a bid to allow innate ideas to flow and blossom.

According to Sekibo, the entrepreneur is not the risk taker but the person who relentlessly pursue opportunities without recklessness, without regard to not having money, house or car or any strong financial support from family members, remarking that in most cases, he is the one that drops out at of school.

He said during the pre-colonial era in Africa, Africans, (our fore fathers) who were the entrepreneurs of those days in places like Lagos Island and Badagry were engaged in fishing and farming as well as trade across the west coast among themselves under an organised system.

The bank’s boss said during the colonial period, (our fathers) were affected by the culture and traditions of the colonialists a development which affected their psyche, thereby making what is foreign to be more important than what is local.

Sekibo said western tradition became the order of the day as Africans moved away from entrepreneurship to white collar jobs to earn monthly income and the word job came into play, adding that work was no longer defined as the work of a tough man or woman on the farmland but depended on how much of the colonial language one understand.

In order to reverse the trend, Sekibo contended that budding African entrepreneurs should relive the DNAs that their forefathers left for them by uncapping them so that their innate ideas could flow and blossom.

He said Africans burn with ideas but they needed to mine them so that they could blossom, remarking that they need to have mentors that will enable them to achieve their goals.

The Chief Executive also said money is very critical to entrepreneurship and they had to be bold and courageous to get it, adding that there is a spirit behind getting money which is largely influenced by character and integrity. He enjoined them to collaborate to bring down the cost of money.

Sekibo enjoined them to be bold and should not be afraid to fail because failing is not a failure and should not give up because they had failed.

Also speaking, Mr. Folusho Philips, Managing Director of Philips Consulting also listed some factors for successful entrepreneurship. They are competence, character and behaviour, study and steadiness as well as compliant and chemistry of the prospective entrepreneur.

Mrs. Yetunde Odejayi, Permanent Secretary to the office of the Deputy Governor of Lagos State noted that entrepreneurship was part of key programmes of the current administration. She encouraged them to be bold and resilient and be prepared to face challenges and also informed them about state’s Ministry of Wealth Creation and the Lagos State Trust Fund (LSSTF).

Mr. Babarinde Abiona, General Manager (Marketing) with Coscharis Motors tasked them to believe in themselves and be focused, adding that Coscharis, a major dealer of Ford Motors in the country will give a brand new Ford Focus to the winner.

One of the boardroom judges, Chris Parkes commended Heritage Bank for investing in the project and noted that judges would be very critical of their ideas because they want ideas that could add value to the country’s economy.

About 60 finalists were unveiled at the premiere out of more than 2,000 contestants that were screened at various auditions in Port Harcourt, Enugu, Abuja and Lagos, however only 16 made it to the house while Heritage Bank used a wild card to add two more contestants: Kalu Sylvester and Ugochi Ogadi to bring the number to 18.


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