Thursday, September 25, 2025
Thursday, September 25, 2025
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Unpaiddebt

Business

Wema Bank Gets Court Order To ‘Seize’ Firm Over Alleged N363m Debt 

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In the interim, Wema Bank Plc, have been permitted by a Federal High Court, Lagos, to takeover all moveable and unmovable properties of a firm, Wylout Designs Limited, over alleged unpaid debt of N363, 957, 461. 07 million. Justice Daniel...
Business

Unpaid Debt: Court Awards N1.7bn Judgement Sum Against Anambra State’s Firm, 7 Others

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Justice Ambrose Lewis-Allagoa of a Federal High Court Lagos, has ordered an Anambra State owned firm, Anambra J. C. Michael Nigeria Limited, to the sum of of N1, 703, 060 billion to Keystone Bank Limited, as a summary judgement...
Business

Alleged $101m Debt: Court Adjourns Further Hearing Of Bankruptcy Suit Against Dr. ABC Orjiakor

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For an umpteenth time, Justice Deinde Dipeolu of a Federal High Court, Lagos, has adjourned further hearing of the bankruptcy suit filed against Dr. Ambrose Bryant C. Orjiakor, to  September 22 and October 2, 2025 for the adoption of...
Business

MTN Enmeshes In Alleged N180.9bn Debt

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MTN Nigeria Communications Plc, has been dragged before a Federal High Court, Lagos, over alleged indebtedness of N180, 946, 560 billion. The telecommunication giant was dragged before the court presided over by Justice Akintayo Aluko, by Access Bank Plc and...
Business

Alleged N76bn Fraud: EFCC Witness Admits Writing Off Arik’s $2.3m Debt

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A former Group Executive Director of Union Bank Plc, Mr. Austine Obigwe, today testified before the Ikeja Special Offences Court, Lagos, detailing how he wrote off a sum $2.3 million debt allegedly owed by Arik Air to his private...
Business

Telecom Firm Urges Court to Wind-up Conoil Plc. Over Alleged N17m Debt

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A telecom service provider, Hoop Telecoms Limited, has instituted a winding up petition against Conoil Plc, over alleged inability to pay a debt of N17,162,173.38 million. The firm in a petition marked FHC/L/CP/400/25, filed by its Lawyer, Obinna A. Divine,...
Business

Court Restrains Banks From Dealing With Bizman, Dare Osamo, Firm Over ‘N998.6m Debt’

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Dare Osamo For alleged failure to settle an indebtedness of N998,618,351.13 million, a Federal High Court, Lagos, has in the interim placed a lien on the several bank accounts of a businessman, Dare Osamo. In placing the lien on the...
Business

Timi Alaibe’s Firm; Zomay Marine & Logistics Ltd In N131.1m; $19.9m Debt, As Court Adjourns Hearing Of alleged Insolvency Suit To Mar. 27

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Further hearing of the insolvency suit filed by Sterling Bank Plc against Zomay Marine and Logistics Limited, linked to a Nigeria billionaire, Timi Alaibe, His children and others over alleged unpaid N131,101,725.96 million and $19, 874, 600.01 USD million,...
Business

AMCON Vows To Recover N455bn Debts Allegedly Owned By Arik, Affiliates 

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The Asset Management Corporation of Nigeria (AMCON) says the agency is ready to work in line with its mandate to recover the accumulated debts of over N455 billion allegedly owed by Arik Air Limited (in receivership), and other sister...
Business

Alleged Multimillion Naira Debt: Court Restrains Firm, Gray Mineral Ltd, From Tampering With Properties

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Justice Daniel Osiagor of a Federal High Court, Lagos, has granted an order of interlocutory injunction, restraining a company, Gray Mineral Limited, it’s Chief Executive Officer (CEO) Mr George Oni, and all it's directors, agents, servants and privies from...
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Latest News

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Court Convicts Ex-legislative Aide Of N120.5m Job Scam

The Ilorin Zonal directorate of the Economic and Financial Crimes Commission (EFCC) has secured the conviction and sentence of...
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