Frauds & Scandals

Company Slams N8b Copyright Infringement Suit On Ecobank

26/7/2016/Sahara Reporters A Federal High Court sitting in Lagos has adjourned hearing in an N8 billion copyright infringement suit filed against Ecobank Nigeria Limited till 21 September. The suit was filed by Rolling Innovations and Investment Limited and its Managing Director Anthony Osamudiamen. In a statement of claims (Suit No. FHC/L/CS/452/2016), filed against […]

Public Statement: UBA Debunks Turkey Coup Allegations

July 26, 2016/United Bank for Africa Plc UBA is aware of the on-going and spurious media speculation linking our institution to recent events in Turkey. In light of this we believe it is necessary to categorically state that UBA has no involvement in or connection to these accusations, which are […]

Increase in insider-related bad loans alarming —NDIC

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 […]