L
LequteMan
Guest
Nigeria - Union Bank according to Sahara reporters has taken control over Dansa Foods Ltd, owned by Sani Dangote, the younger brother of world's richest black man, Aliko Dangote.
Sani Dangote appears to have run into a major business crisis as Union Bank has taken steps to seize his Dansa Foods Limited.
The latest development follows the inability of Sani to pay back a loan of N4billion he obtained from the bank seven years ago, following which the bank appointed Lagos lawyer, Chukwudi Enebeli as Receiver/Manager.
Dansa Foods claims Mr. Enebeli cannot represent Union Bank as he is a party to the suit.
Click here to read full story
Sani Dangote appears to have run into a major business crisis as Union Bank has taken steps to seize his Dansa Foods Limited.
The latest development follows the inability of Sani to pay back a loan of N4billion he obtained from the bank seven years ago, following which the bank appointed Lagos lawyer, Chukwudi Enebeli as Receiver/Manager.
Dansa Foods claims Mr. Enebeli cannot represent Union Bank as he is a party to the suit.
Click here to read full story
