Business

Stanbic IBTC Holdings disclaims WhatsApp scheme offering investment opportunities

Published

4 months ago

June 10, 2026

Stanbic IBTC Holdings Plc has disclaimed responsibility for social media advertisements, asking the public to join WhatsApp groups that purportedly offer them investment opportunities with “guaranteed returns” in “high-quality stocks.”

The financial services group disclosed in a regulatory filing on Wednesday that such advertisements are fraudulent, false and unauthorised. that ask the public to join WhatsApp groups purportedly offering

The announcement followed the circulation of social media posts featuring the image of Busola Jejelowo, the CEO of Stanbic IBTC Asset Management Limited, together with the Stanbic IBTC Stockbrokers logo.

“They do not originate from Stanbic IBTC Holdings PLC or any of its subsidiaries, and they have not been approved, endorsed, or issued by the group in any form,” the financial institution said.

“The use of our name, logo, brand identity, and the images of our executives in these materials is fraudulent and intended to deceive unsuspecting individuals,” it added.

The bank holding company disclosed that it has already reported the fraudulent activities to the Securities and Exchange Commission of Nigeria.

Victims

Stanbic IBTC Holdings advised people who have already fallen prey to such dubious schemes, or who have made payments or disclosed any personal or financial information, to report the matter immediately to the nearest law enforcement agency.

It urged the public to be cautious of unauthorised communications by individuals purporting to be associated with Stanbic IBTC, especially when they relate to investments and promises of financial returns.

Customers should rely only on authentic and verified information about Stanbic IBTC communicated through its official communication platforms, it said.

“Such messages should be treated as suspicious unless independently verified through our official channels,” Stanbic IBTC Holdings stated.

“For authentic and verified information about Stanbic IBTC and its products and services, please rely only on our official communication platforms, including @StanbicIBTC on Facebook, LinkedIn, X (Twitter), Instagram, and YouTube.”

It further expressed its commitment to taking all appropriate steps to safeguard its brand and customers from fraudulent and deceptive activities.

Related Topics:disclaims Holdings IBTC investment offering opportunities Scheme Stanbic WhatsApp

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Business

Lagos Police Arrest 4 Suspected Cultists in Lekki-Ajah, Recover Locally Made Gun

Published

4 hours ago

October 14, 2026

PlateauReports

BY SUNDAY SAMUEL—As part of the Command’s sustained efforts to combat cultism and other criminal activities across Lagos State, the Command has arrested four suspected cultists allegedly terrorizing the Lekki, Ajah, Elemoro axis and its environs, following credible and actionable intelligence received by operatives of the Command between 2nd and 9th October 2026.

The suspects, identified as Arisekola Ojo, ‘m’, 32 years; Oluwatobi Oyewole, ‘m’ 29 years; Oluwaseyi Odunewu, ‘m’ 32 years; and Olumagba Ifatope, ‘m’ 29 years; were arrested over their alleged involvement in conspiracy and membership of an unlawful society. During investigation, their confession led to the recovery of one locally made cut-to-size gun during a search conducted at the residence of Oluwaseyi.
The suspects have made useful statements, while investigation is ongoing to apprehend other individuals linked to the crimes and recover additional firearms.

The Commissioner of Police, Lagos State Command, CP Tijani Fatai, psc, mnips, has reiterated the Command’s commitment to dismantling cult groups and other criminal networks across the State. He warned individuals involved in cultism and other criminal activities to desist or face the full wrath of the law. While urging residents to continue providing credible and timely information to the Police to enhance security in their communities.

The Command Emergency Lines are:
07061019374
08065154338
08063299264
08039344870
08080193432 (Marine)
09168630929

The post Lagos Police Arrest 4 Suspected Cultists in Lekki-Ajah, Recover Locally Made Gun appeared first on Business Today NG.

Business

NNPC’s profit after tax rises to N431bn in August

Published

12 hours ago

October 13, 2026

PlateauReports

The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it recorded a 54.5 per cent increase in Profit After Tax (PAT), rising from N279 billion to N431 billion in August 2026.

NNPC Ltd. made this known in its monthly operations and financial report for the month of August 2026.

According to the report, revenue for the period stood at N3.74 trillion as against N3.09 trillion recorded in July.

It said the company also recorded a 19.89 per cent increase in cumulative statutory payments, from N7.91 trillion for January to July, amounting to N9.49 trillion from January to August.

The report puts the average crude oil and gas production figures for the period at 1.69 million barrels per day (bpd) and 7,680 million standard cubic feet per day, respectively.

ALSO READ: NNPC posts ₦535 billion profit, records 1.72 million barrels daily oil output in June

On the state of infrastructure, it said there was 100 per cent availability of upstream pipelines, while the OB3 and Ajaokuta-Kaduna-Kano (AKK) Gas Pipelines stood at 100 per cent and 95 per cent completion, respectively.