By Adelani Adepegba, Abuja Monday, 18 Oct 2010  First Inland Bank Plc has began moves to sell property belonging to a former governor of Enugu State, Senator Jim Nwobodo for failing to settle a N258,350,421.34 loan. According to documents in the possession of The Punch, the bank had granted Nwobodo’s […]
Author: InvestAdvocate
Stabilini Visinoni Indebted to GTB, Bank Insists
By Davidson Iriekpen, 10.15.2010 Contrary to claims by Stabilini Visinoni Limited that it is not indebted to Guaranty Trust Bank Plc, the bank has insisted that the construction company and other companies and its promoter, Dr Wale Babalakin (SAN), is indebted to it to the tune of N12.3 billion.Other companies […]
HBOS played leading role in £11.5bn loans to US gambling industry
Simon Goodley, 15 October 2010 HBOS, the lender now subsumed into partially state-owned Lloyds Banking Group, played a major role in loaning $18.4bn (£11.5bn) to the struggling US casino industry during the height of the credit boom.  The level of the bank’s involvement in the US gaming sector has […]
