A former employee of First Bank of Nigeria Limited, Adesuwa Ezenwa, has accused billionaire industrialist Pa Oba Otudeko popularly known as ‘Mr Let Us Pray’of massive fraud during his time as chairman of FBN Holdings Plc, the parent company of the bank. Bisi Onasanya, the bank’s managing director/chief executive officer at the time, was also…
Peter Okoye, one half of the popular music duo P-Square, has spoken out about claims made by his brother, Paul. In a lengthy statement released on Social Media Monday, he addressed the recent controversy surrounding his brother Paul Okoye’s accusation that he reported him to the Economic and Financial Crimes Commission (EFCC). This is coming…
A High Court in Lagos has awarded N112,050,000 against Union Bank Plc for wrongly selling a property located at No. 6, Moore Road, Ikoyi, Lagos State, at a grossly undervalued price of N60 million. Justice I.O. Harrison delivered the judgment in a suit filed by Mrs. Olubunmi Ogunde, Yewande Ogunde, and others, with Union Bank…
A Zenith bank branch manager in Lokoja, Salawu Nasiru, together with two Chinese citizens, Liu Yangxi and Ma Zhuang, have conspired to defraud two Nigerian ceramic companies and their directors. Messrs Salawu, Liu and Ma were accused of fraudulently obtaining about N17 billion in credits on behalf of BN Ceramic Industry Limited and NB Ceramic…
The Managing Director of the Fund, Akintunde Sawyer, made this known during an ongoing press briefing in Abuja. On Tuesday, July 30, the Nigerian Educational Loan Fund said it would disburse the sum of N850M to institutions as fees Today (Wednesday). This is apart from the over N1.7Bn that has been disbursed to about 20,000…
Facing bad credit can feel like an obstacle course when seeking a loan. However, numerous options exist for borrowers with less-than-ideal credit scores. This comprehensive guide equips you with the knowledge to navigate the loan landscape, explore alternative funding sources, and increase your chances of loan approval even with bad credit. Understanding Bad Credit: The…
Life throws financial curveballs, and sometimes keeping up with loan payments becomes a challenge. However, defaulting on a loan can have serious and long-lasting consequences that can significantly impact your financial well-being. This comprehensive guide equips you with the knowledge necessary to understand the repercussions of loan default, navigate challenging situations, and explore strategies to…
