Frauds & Scandals

Honeywell Group Vs. Ecobank: Bank Insists Debt Must Be Paid

October 8, 2018/PR Redline Ecobank Nigeria Limited says it would continue to strongly resist any attempt to use a frivolous N72 billion claim to derail it from continuing to pursue the recovery of monies owed and overdue for payment by Honeywell Group. The bank, in a statement signed by Company […]

Emefiele Says MTN $8.1bn Fine May Be Reduced After Firm, Bankers Tendered New Documents

7/10/2018/The Will Nigeria’s Central Bank Governor, CBN, Mr. Godwin Emefiele Sunday in London said its $8.1bn claim against MTN Group may be reduced after the telecoms giant and its bankers provided more documents which could help resolve the stalemate surrounding the initial fine. THEWILL recalls that the central bank alleged […]

Honeywell Group Vs. Ecobank – The Boldface of a Bad Debtor

October 8, 2018/Ecobank Nigeria 1.  Ecobank’s attention has been drawn to several media reports stating that the Honeywell Group has filed a suit claiming damages against Ecobank in the sum of N72billion. 2.    We wish to state that Ecobank is unhindered by the continued attempts to coerce the public […]