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NIRSAL secures fresh N4.5 billion from three banks for farmers

The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending has secured a total of N4.5bn from four Deposit Money Banks for the cultivation of maize and soybeans in three states.

N1 billion contract debt: Central bank, 14 banks deny overseeing Imo’s account

The Central Bank of Nigeria (CBN) and 14 other banks out of the 17 ordered by an FCT High Court to show cause why plea for garnishee of alleged accounts operated by Imo Government should not be made absolute, had denied overseeing the state’s accounts.
The Economic and Financial Crimes Commission (EFCC) says an investigation is ongoing on the seized $2.8 million at Akanu Ibiam International Airport, Enugu.

Court backs EFCC on seized $2.8 million

A Federal High Court in Port Harcourt has refused to vacate the interim forfeiture order granted on December 28, 2018 in respect of $2.8 million, seized by the Economic and Financial Crimes Commission, EFCC, Enugu Zonal Office.

FMDQ admits N13.50 billion Union Bank bonds

FMDQ OTC Securities Exchange has listed Union Bank of Nigeria Plc’s N7.19 billion Series 1 and N6.31 billion Series 2 Senior Unsecured Fixed Rate Bonds under its N100.00 billion Debt Issuance Programme on its platform.

Union bank replies EFCC over $2.8 million intercepted at Enugu airport

Union Bank has reacted to the $2.8 million dollars intercepted by the Economic and Financial Crimes Commission (EFCC) at the Enugu International Airport on Friday.

Money laundering: EFCC Intercepts $2.8 million at Enugu Airport

The Economic and Financial Crimes Commission (EFCC) Enugu Zonal Office, has intercepted 2.8 million dollars from two persons suspected to be money launderers at Akanu Ibiam International Airport, Enugu.

Man in court for allegedly defrauding woman

A 44-year-old consultant, Olukunle Coker, was on Monday brought before an Ikeja Magistrates’ Court in Lagos State for allegedly defrauding a woman of N2.9 million.

Court revokes bail for AMCON staff over failure to appear in court

Justice Olusola Williams of Special Offences Court, Lagos, has revoked the bail of one Mr. Olufemi Oluyamoju, a staff of Assets Management Corporation of Nigeria, AMCON, for his failure to appear in court over an alleged criminal suit.

Union Homes sues Senator Stella Oduah over N385 million debt

Another creditor Union Homes Savings and Loans Plc, has come knocking at Senator Stella Oduah’s doors, demanding the repayment of N385 million mortgage debt.

AMCON takes over Senator Stella Oduah’s assets over unpaid N20 billion debt

The Asset Management Corporation of Nigeria has taken over Sea Petroleum Oil & Gas Ltd. and other assets belonging to Senator Stella Oduah-Ogiemwonyi over an unpaid debt of about N20 billion.

Ex-Union Bank chief jailed for fraud

The Economic and Financial Crimes Commission, EFCC, Lagos Zonal office, on Wednesday, March 14, 2018 secured the conviction and sentencing of one Paul Onwughalu, a former Head of Operations, Union Bank Plc, Head Office, Marina, Lagos, before Justice S.S. Ogunsanya of the Lagos State High Court sitting in Igbosere.

Court orders permanent forfeiture of Ikoyi flat to federal govt

The Federal High Court in Ikoyi, Lagos has forfeited Flat 7b, in Osborne Towers, Ikoyi, Lagos, to the Federal Government of Nigeria.

Court dismisses Union Bank’s claim to confiscated Osborne Towers flat

The Federal High Court in Lagos has dismissed the claim of Union Bank Plc to Flat 7B, Osborne Towers, Ikoyi, Lagos.

Patience Jonathan asks court to unfreeze her 16 bank accounts

Wife of former President Goodluck Jonathan, Patience, yesterday, asked the Federal High Court in Abuja to vacate the interim forfeiture order it granted to the Economic and Financial Crimes Commission, EFCC, on May 30, to freeze her 16 separate bank accounts containing aggregate sums of $5.8 million and N3.5 billion.

NIRSAL, Union Bank earmark N10 billion for agric financing

The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) and Union Bank, in a recent partnership, have earmarked N10 billion for agriculture financing in the 2018 farming season.

Court orders interim forfeiture of N1.96bn linked to Ontario Oil

A Federal High Court in Lagos has ordered the interim forfeiture of N1.96 billion allegedly belonging to an oil company, Ontario Oil and Gas, over alleged fraudulent sale of refined petroleum.

Businessman in court for bolting with client’s N11.5m

A businessman, Emmanuel Enamue, 32, was on Friday arraigned in an Ikeja Magistrates’ Court for allegedly obtaining N11.5 million from a company on the pretext of supplying 30 tons of cashew nuts.

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