Xceptional People | No. 1 Online Portal

   HeritageBank to acquire Enterprise Bank in N56BN deal T he final step in the acquisition of Enterprise bank was the purchase of the company’s fully-paid-up ordinary shares valued at about N56.1 billion by Heritage Bank. The Board of Directors of the Asset Management Corporation of Nigeria (AMCON) has granted its permission for the acquisition of Enterprise Bank by Heritage Bank . AMCON stated that the final step in the acquisition of Enterprise bank was the purchase of the company’s fully-paid-up ordinary shares valued at about N56.1 billion by Heritage Bank . The sale was conducted via a bidding process and HBCL Investment Services Limited, a subsidiary of Heritage Bank , emerged as the preferred bidder. The transaction has received final approval from AMCON asides from other necessary approvals by the relevant regulatory authorities, including the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC).

I korodu Badoo crisis In the past two years, the residents of Ikorodu, Lagos State have been living in fear and uncertainty due to the activities of a cult group popularly known as Badoo. This deadly gang which operates in a mysterious manner is responsible for the death of several residents of Ikorodu. Operating under the cover of darkness, these mysterious elements attack households and wipe out entire families. Their modus operandi include raping their female victims and killing them by smashing heavy stones on their skulls. Even babies, young children and pregnant women have fallen victim to this menace. It is widely believed that the killings are ritualistic and that is why the Badoo cultists use  white handkerchiefs to wipe the blood of their victims. Badoo’s activities started like a joke and because the government turned a blind eye to their activities instead of nipping it in the bud, it has now become a crime of an alarming proportion. Every other day, more peo...