Connect with us

Economy

TAJBank Ready To Issue N20bn Mudarabah Sukuk, Eyes N100bn Programme

Published

on

TAJBank

TAJBank Ready To Issue N20bn Mudarabah Sukuk, Eyes N100bn Programme

TAJBank ready to issue N20bn Mudarabah Sukuk, eyes N100bn programme. TAJBank, Nigeria’s leading non-interest bank, is set to issue a ₦20 billion Mudarabah Sukuk bond as part of its strategy to strengthen its Additional Tier 1 capital and support its business expansion.

The bond issuance is part of the bank’s ₦100 billion Sukuk programme and follows the successful launch of Nigeria’s first-ever ₦10 billion Sukuk bond on the Nigerian Exchange (NGX) in 2023.

The latest offering provides individuals and institutions with a unique opportunity to invest in an ethical financial instrument with an attractive 20.5% annual return.

The Mudarabah Sukuk is structured to provide a stable and ethical investment avenue, allowing investors to participate in profit-sharing ventures while reinforcing TAJBank’s commitment to financial inclusion and innovative financial solutions.

According to the bank’s management, the terms and conditions of the Sukuk are undergoing final regulatory approvals and will be accessible to both individual and corporate investors. The initiative aims to offer a convenient and reliable income source, easily accessible online.

Speaking on the upcoming ₦20 billion Sukuk listing on the NGX, TAJBank’s Founder/CEO, Mr. Hamid Joda, expressed excitement about the investment opportunity, stating:

“We are thrilled to bring this Mudarabah Sukuk to the market, providing investors with a compelling ethical investment option.

TAJBank

TAJBank

Listing on the NGX will broaden investor participation and enable them to benefit from our profit-sharing model.”

Interested investors are encouraged to consult their financial advisors or visit www.tajbank.com for more details on the Sukuk issuance and listing process.

Crime

EFCC Arraigned Woman In Borno Over Alleged N6.8m Romance Scam

Published

on

By

EFCC Arraigned Woman

EFCC Arraigned Woman In Borno Over Alleged N6.8m Romance Scam

EFCC arraigned woman in Borno over alleged N6.8m romance scam. The Economic and Financial Crimes Commission (EFCC) has arraigned Catherine Ijeoma Ugwu before Justice Aisha Kumaliya of the Borno State High Court, Maiduguri, over allegations of a N6.8 million fraud.

Ugwu was charged on Monday, March 17, 2025, in connection with a romance scam in which she allegedly deceived a victim, Emmanuel Ani, by posing as his fiancée, “Miss Chinansa.”

The EFCC filed a four-count charge against her, including obtaining by false pretence, criminal misappropriation, and impersonation.

According to the anti-graft agency, between June 2023 and August 2024, Ugwu fraudulently obtained N6,710,300 from Ani under the guise of supporting his supposed fiancée.

Upon hearing the charges, Ugwu pleaded not guilty.

Court Remands Ugwu, Trial Set for April 8

EFCC Arraigned Woman

EFCC Arraigned Woman

Following her plea, prosecution counsel S.O. Saka and Faruku Muhammad urged the court to set a trial date and remand the defendant in a correctional facility. Justice Kumaliya granted the request, adjourning the trial until April 8, 2025.

The EFCC disclosed that Ugwu failed to return or account for the money when confronted by the petitioner.

The commission reiterated its commitment to tackling financial crimes, particularly scams involving deception and impersonation.

Continue Reading

Crime

Government Directs Verification Of March Salaries Before Payment In Kano

Published

on

By

Kano State

Government Directs Verification Of March Salaries Before Payment In Kano

Government directs verification of March salaries before payment in Kano. The Kano State Government has mandated civil servants to verify their March salaries before disbursement.

Secretary to the State Government (SSG), Alhaji Faruk Umar Ibrahim, announced the directive on Monday, citing concerns over deductions and irregularities in January and February salaries.

“To ensure transparency and fairness, all civil servants must confirm their salary details through their respective Ministries, Departments, and Agencies (MDAs) and report any discrepancies,” Ibrahim stated.

Salary lists will be displayed at key locations within MDAs and all 44 local government secretariats to facilitate the process.

A committee, led by Head of Service Alhaji Abdullahi Musa, has been set up to oversee the verification and expedite payments.

Kano State

Kano State

Acknowledging the approaching Eid-el-Fitr celebration, Ibrahim assured workers that efforts were underway to ensure timely salary payments.

He also emphasized that the exercise would not disrupt government operations.

Continue Reading

Economy

PUMA Replaces Nike as Premier League’s Official Ball Supplier In 2025/26 Season

Published

on

By

PUMA Replaces Nike as Premier League’s Official Ball Supplier In 2025/26 Season

PUMA replaces Nike as premier league’s official ball supplier in 2025/26 season. Global sportswear brand PUMA has secured a major deal with the Premier League, becoming its Official Ball Supplier starting from the 2025/26 season.

Announced on Monday, this partnership sees PUMA take over from Nike, which has supplied match balls for the league for over two decades.

The agreement will not only place PUMA’s ball at the heart of every Premier League match but also involve collaborations on grassroots programs, high-profile marketing campaigns, and events like the Premier League Summer Series in the U.S.

PUMA CEO Arne Freundt described the deal as a significant step in the company’s efforts to elevate its brand in elite football.

“With PUMA’s ball at the center of attention during every match, we will create unforgettable moments for players and fans alike,” he said.

Premier League Chief Executive Richard Masters welcomed the partnership, emphasizing PUMA’s strong history in football and its alignment with the league’s values.

PUMA Replaces Nike

PUMA Replaces Nike

 

 

 

 

 

“We are delighted to welcome PUMA as the Official Ball Supplier of the Premier League. Their global reach and commitment to excellence will help inspire fans worldwide,” Masters stated.

With this landmark deal, PUMA expands its influence in top-tier football, strengthening its presence in the world’s most-watched league.

Continue Reading

Trending