12/3/2017/Sahara Reporters Unity Bank Plc has sued a limited liability company, Muhaabix Global Services, owned a former Niger Delta militant, Government Ekpemupolo (aka Tompolo), at a Federal High Court in Lagos to recover a debt of N5,320,953,095.40. Joined as co-defendants in the N5.3 billion debt recovery suit are two ocean-going […]
Frauds & Scandals
Nigerian regulators meet over Etisalat loan issue
March 9, 2017/Reuters Nigeria’s telecoms regulator met with the central bank on Thursday to discuss a $1.2 billion loan renegotiation between Etisalat Nigeria and a group of local lenders in order to forestall a possible takeover of the company by the banks. The Chairman of the Nigerian Communications Commission (NCC), […]
Court Orders AMCON to Takeover Mustasons Guest House
March 9, 2017/AMCON Hon. Justice Babs O. Kuewumi of the Federal High Court Lagos Division has granted an injunction against Mustasons Guest House Limited on Ajose Adeogun Street in Victoria Island, Lagos on the application of Asset Management Corporation of Nigeria (AMCON).The court order also restrained Alhaji Mustapha Aliyu Wushishi, […]
