10 h. ago Court voids illegal deduction of £130m from NICON Investment Limited account

•Orders Union Bank to pay £1m, N50m to NICON From Godwin Tsa, Abuja The High Court of Lagos State has nullified the unauthorised deduction of £130m including illegal penalties and charges made by Union Bank of Nigeria Plc from the account of NICON Investment Limited. Specifically, the court held that the removal of the sum […] The post Court voids illegal deduction of £130m from NICON Investment Limited account appeared first on The Sun Nigeria.

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23 h. ago OML 29: Court Voids ICC Arbitration Proceedings Against Aiteo E&P In Tempo Energy Suit

A Federal Capital Territory (FCT) High Court in Abuja has nullified arbitration proceedings at the International Chamber of Commerce (ICC), London, instituted against indigenous energy company, Aiteo Eastern E&P Company Limited, by a group of lenders who partly financed its acquisition of Oil Mining Lease (OML) 29. The court declared the arbitration as a violation […]

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27 h. ago Court voids Union Bank’s £130m deduction from NICON Investment account, orders refund

Tribune Online Court voids Union Bank’s £130m deduction from NICON Investment account, orders refund …awards additional £1m damages in favour of NICON  …as Unon Bank heads to Appeal Court A Lagos State High Court has voided Union Bank’s deduction of £130,720,557.06 belonging to Nicon Investment Limited due to alleged indebtedness. Justice O. O. Abike-Fadipe voided the banks action on the grounds that the deduction was made without authorisation or […] Court voids Union Bank’s £130m deduction from NICON Investment account, orders refund Tribune Online

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29 h. ago Court slams €1m damages against Union Bank over breach, negligence

Tribune Online Court slams €1m damages against Union Bank over breach, negligence Awards N50m damages in favour of NICON Investment Ltd•Union Bank heads to Appeal Court A High Court of Lagos State has slammed £1 million in damages against Union Bank Plc for negligence and breach of its fiduciary duties to NICON Investment Limited. Delivering judgment on Wednesday in a suit marked LD/1074/2010 filed by NICON Investment […] Court slams €1m damages against Union Bank over breach, negligence Tribune Online

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2 w. ago Union Bank testifies against Chinese nationals, others over alleged N3.4bn crypto, romance scam

Tribune Online Union Bank testifies against Chinese nationals, others over alleged N3.4bn crypto, romance scam A compliance officer with Union Bank Plc, Mr Chidubem Ogbura, on Monday testified before the Federal High Court in Lagos in the ongoing prosecution of Friday Audu and three others over their.. Union Bank testifies against Chinese nationals, others over alleged N3.4bn crypto, romance scam Tribune Online

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3 w. ago NULGE suspects diversion, warns CBN against payment of Osun LG funds

The Osun State chapter of Nigeria Union of Local Government Employees (NULGE) has warned the Central Bank of Nigeria (CBN) read more NULGE suspects diversion, warns CBN against payment of Osun LG funds

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