25/7/2016/Punch By Oyetunji Abioye The spate of insider related non-performing loans in the banking sector is alarming and there is a need to address the ugly trend urgently, the Managing Director/ Chief Executive Officer, Nigeria Deposit Insurance Corporation, Alhaji Umaru Ibrahim, has said. He said the rising wave of insider […]
Frauds & Scandals
Nigeria Deposit Insurance Corp says concerned about non-performing insider loans
July 22, 2016/Reuters The Nigeria Deposit Insurance Corporation (NDIC), an independent government agency, is concerned about an “increasing wave” of non-performing insider loans on the country’s banks, it said on Friday. The agency said Managing Director Alhaji Ibrahim was concerned about the consequences of the loans on the stability of […]
MRS Placed Under Review Following Latest Court Filing by AMCON
July 12, 2016/Meristem Research Culled—–Proshare Following the latest news inflow on a court filing by the Asset Management Corporation of Nigeria (AMCON) (suit No: FHC/L/CP/923/2016) against MRS Holdings (the parent company of MRS Oil Nigeria Plc.) to force the company into compulsory liquidation in order to pay down loans (c.NGN81bn) […]
