Court voids Bank PHB’s acquisition of Spring Bank – The Guardian
December 17, 2009 by Bunmi Awolusi · Comments Off
The acquisition of Spring Bank Plc by troubled Bank PHB has been nullified by a Federal High Court, Lagos, on the grounds that the acquisition was done in flagrant disrespect to the subsisting order of the court.
EFCC recovers N171bn from bank debtors – Daily Trust
November 3, 2009 by Bunmi Awolusi · Comments Off
Debtors nailed by the Central Bank of Nigeria (CBN) for non-performing loans have paid over N171 billion to the Economic and Financial Crimes Commission (EFCC).
Briefing newsmen yesterday in Abuja, EFCC’s Spokesman, Femi Babafemi said the commission has recovered N59.23 billion from Intercontinental Bank’s debtors.
EFCC grills bank debtors at secret location in Lagos –
October 20, 2009 by Bunmi Awolusi · Comments Off
Contrary to expectation, operatives of the Economic and Financial Crimes Commission (EFCC) yesterday met with some bank debtors at a secret location in Lagos.
The meeting, which was billed for the EFCC Awolowo Road, Ikoyi, Lagos office, was moved to the secret location following the debtors’ plea, sources told The Nation.
EFCC summons 55 bank debtors today, – 800 firms, individuals owe banks N1.5trn, – FG, CBN disagree over troubled banks – Tribune
October 19, 2009 by Bunmi Awolusi · Comments Off
The Economic and Financial Crimes Commission has summoned debtors of non-performing loans to the five banks that recently failed the stress test of the Central Bank of Nigeria (CBN). Commission’s spokesperson, Mr. Femi Babafemi, told the Nigerian Tribune, on Sunday, that recovery exercise begins today.
N451.6BN BANK DEBTS: EFCC moves against Kola Abiola, Marwa, Otedola, Vaswani, others – As Waziri storms Lagos with 80 operatives – 10 banks owed N1trn non-performing loan – Tribune
October 16, 2009 by Bunmi Awolusi · Comments Off
The Chairman of the Economic and Financial Crimes Commission (EFCC), Mrs. Farida Waziri, on Thursday, stormed Lagos with 80 operatives, who are to go after the sacked management teams of three of the five banks that failed the recent Central Bank of Nigeria (CBN) stress test and the debtors to all the five banks.
CBN may cancel Bank PHB-Spring Bank deal – The Nation
October 12, 2009 by Bunmi Awolusi · Comments Off
If the authorities embrace the advice of the Minister of State for Finance, Mr Remi Babalola, Bank PHB may wave a final bye to its troublesome acquisition of Spring Bank.
The Central Bank of Nigeria (CBN) is believed to be thinking of nullifying the 2008 deal.
Two Killed In Awka Banks’ Robbery – Daily Independent
August 25, 2009 by Bunmi Awolusi · Comments Off
Seminal brigandage in Anambra State became bloody on Monday, with the loss of two lives in Awka, exactly a week after Nollywood actor, Pete Edochie, was released after his kidnap in Onitsha, and a day after luxury bus operator, Godwin Ubaka Okeke, was abducted by gunmen now demanding N500 million in ransom.
N9b Deposit: Court Issues Contempt Notice On Bank PHB – Daily Independent
August 6, 2009 by tim · Comments Off
A Nigerian firm, Mathan Nigeria Limited, has begun contempt proceedings against Platinum Habib Bank (Bank PHB) over allegation that it tampered with N8.9 billion the company deposited with it.
Consequently, the company has caused a Federal High Court sitting in Abuja to issue the bank with a notice of consequence of disobedience of court order (Form 48).
