Thursday, October 2, 2025
Thursday, October 2, 2025

#unpaiddebt

Alleged Illegal Eviction: Late Jolaoso Family Begins Contempt Proceedings Against AMCON, Others

Late Olujimi Jolaoso, the alleged owners of a property in Victoria Island, Lagos, have initiated contempt proceedings at the Federal High Court in Lagos against the Asset Management Corporation of Nigeria (AMCON) for evicting its tenants despite a pending...

Dozzy Oil & Gas Denies Settlings N4.8bn Fraud Case With Ibeto 

Chief Cletus Ibeto The founder and Group Managing Director of Dozzy Group, Chief Daniel Chukwudozie, has denied reaching an out-of-court settlement with Chief Cletus Ibeto and his group of companies, over their ongoing criminal prosecution over an alleged N4.8 billion...

$101m Debt: Court May Hear Contempt Action On Access Bank’s Bankruptcy Suit Against Dr. ABC Orjiakor Sep. 30

Dr. ABC Orjiakor Justice Deinde Dipeolu of a Lagos Federal High Court, has fixed September 30, for the further hearing of the suit, seeking to declare Dr. Ambrosi Brant Chukwuemeka (A.B.C.) Orjiakor bankrupt, over unpaid debt. The suit marked FHC/L/BK/08/2023,...

N17.8b Debt: Court Gives GTBank Nod To Take Over Afex Commodities Exchange’s Assets

A Lagos Federal High Court, has permitted the Guaranty Trust Bank (GTBank) in the interim, take over the funds and assets of Afex Commodities Exchange, following its the company's failure to pay the sum of N17, 808, 452, 467.107...

Court Bars Bizman Samuel Egbukwu, His Firms, From Accessing Properties Over N900m Debt

Justice Ambrose Lewis-Allagoa of a Lagos Federal High Court, in the interim has restrained a businessman, Samuel Egbukwu and his three companies, from interfering, obstructing or otherwise disturbing the Receiver/Manager appointed by the Wema Bank Plc, over the affairs...

N7bn Debt: Court Fixes Hearing Of Union Bank’s Suit Against Swift Networks To May 10

Justice Daniel Osiagor of a Federal High Court, has fixed May 10, 2024 for hearing of all pending applications, including possible out-of-court settlement in the suit filed by Union Bank against Swift Networks Limited over alleged N7, 037, 410,...

N1.37bn Debt: Court Bars Duport Midstream, Platform Capital from Accessing Funds in 24 banks

A Lagos Federal High Court, has granted an interim order of Mareva Injunction restraining two firms, Duport Midstream Company Limited, Platform Capital Investment Partners Limited and their Managing Director, Akintoye Akindele from accessing N1,379,400,918 billion, or its equivalent in...

Court Adjourns ABC Ojiakor’s bankruptcy Suit Till Sept. 26

Dr. Orjiakor Justice Nicholas Oweibo of a Federal High Court, today, adjourned till September 26, to hear all pending applications in a bankruptcy suit filed by Access Bank Plc against businessman, Dr. Ambrosie "ABC" Orjiakor. Access Bank Plc had filed the...

Alleged N46.7m Debt: Court Freezes ‘La Campagne Tropicana’s Accounts

A Lagos Federal High Court, has ordered 27 commercial banks in the country, to placed Post-No-Debit (PND) on the accounts of a tourism outfit, 'La Campagne Tropicana Beach Resort', over alleged N46, 798, 095.94 million, in the interim. The banks...

Court Freezes Businessman’s Bank Accounts Over Alleged N522.5m Debt

A Lagos Federal High Court, in the interim, freezed accounts of a businessman, Francis Uzuegbu, and his company, Mac DE Frank International, in 24 commercial banks in Nigeria, over alleged N522, 589, 719. 27 million debt they owed Ecobank...
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October 1: Nationhood Must Translate into Better Living Conditions for Nigerians, CAPPA Tells FG

As Nigeria clocks 65 years of nationhood on October 1, Corporate Accountability and Public Participation Africa (CAPPA), has called on...
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