Tag Archives: debt
₦379 Billion Obligation Debt: Dapo Abiodun Only Borrows to Loot… PDP Knocks Abiodun
The Ogun State Chapter of the Peoples Democratic Party, PDP, is increasingly worried about the relentless zeal with which the outgoing administration of Prince Dapo Abiodun has plunged Ogun State and its coming generations into the irreversible pit of indebtedness.
Ecobank Loses Assets Worth Over N200 Million Over Debt
Asides not paying dividends to investors for about five years, Ecobank is also unable to pay its debts, ENigeria Newspaper reports. Ecobank Plc, the bank that ‘fraudulently’ acquired assets of defunct ailing Oceanic Bank, is again swimming in perilous waters,
Swiss Bank Seize Billionaire, Igho Sanomi’s Private Jet, Houses Over $3m Debt
Nigerian oil mogul, Igho Sanomi, is set to lose his three apartments in London to a Swiss bank over $3million debt, Bloomberg reports. The bank, Credit Suisse, has already put the jet seized from Sanomi up for sale. Sanomi was
EXCLUSIVE: Controversial Society Lady, Rosula Osula In N1.9bn Debt Mess, Court Orders Her To Pay AMCON
Controversial society lady, Rosemary U. Osula-Uku (Rosula) is in the news again. She is currently swimming in a pool of N1.9b debt. A Federal High Court, Lagos, on Wednesday, ordered her company, Ziklagsis Network Limited, to pay the admitted debt
FIRS Seals Ex-Minister, Kenneth Gbagi’s Hotel Over N15m Tax Debt
The Federal Inland Revenue Service, FIRS, has sealed the premises of the Golden Tulip hotel, owned by Kenneth Gbagi, a former Minister of State for Education. The hotel, located at Effurun, in Uvwie Local Government Area of Delta state, owes
N541.8 billion Debt: Three Nigerian Banks Set To take Over Etisalat
Deapite the intervention of the Nigerian Communication Commission, NCC, to broker a peaceful resolution between Etisalat Nigeria and a consortium of banks, it appears the effort may not have yielded a truce, as the banks are set to take over
Music Producer, Puffy Tee threatens to Sue Oritsefemi Over Unpaid Debt
‘Double Wahala’ crooner, Oritsefemi, might be facing a lawsuit soon according to music producer, PuffyTee, who threatened to sue him and his manager if money owed to him is not paid. According to the ace producer, Oritsefemi and his manager,
N10bn Debt: AMCON takes Over Afrijet | Says About 400 Debtors Owe Over N4.5tn
Nigeria (AMCON), on Friday, took over the assets of Afrijet Airlines Ltd. owned by Vitalis Ibe, over an unpaid debt of almost N10 billion. This is contained in a statement issued by Jude Nwauzor, Head, Corporate Communications, AMCON, which was
