The family of the detained leader of the Indigenous People of Biafra, Nnamdi Kanu, has rejected the recent judgment delivered by Justice James Omotosho of the Federal High Court in …
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₦230m Missing After System Glitch — Alpha Morgan, NEM Sue 19 Banks
by Radarr Adminby Radarr AdminAlpha Morgan Bank Plc, together with two of its major customers — NEM Insurance Plc and Extension Publications Limited — has dragged 19 financial institutions to the Federal High Court …
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HealthHuman RightsJudiciaryLawPoliticsSecurity
Court Orders NMA to Assess Nnamdi Kanu’s Health Condition
The Federal High Court in Abuja has directed the Nigerian Medical Association (NMA) to set up a special panel of medical experts within eight days to evaluate the health condition …
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AgricultureBanking, Finance & InvestmentBusinessEconomyFinance & ServicesNigeria
AFEX, GTBank End N17.8 Billion Debt Battle in Court
AFEX Commodities Exchange Limited and Guaranty Trust Bank (GTBank) have finally settled their long-running legal battle over a debt of N17.8 billion. The two parties reached an agreement after months …
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BusinessEconomyEnergy
Archlight Denies Transferring IBEDC Shares to 86 Gardens, Insists It Followed Due Process
Archlight Nigeria Limited has denied the claims that it transferred over 50 percent of its equity shares in the Ibadan Electricity Distribution Company (IBEDC) to 86 Gardens Limited. The company …
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The Federal High Court in Port Harcourt, Rivers State, has dismissed a lawsuit filed by First Bank of Nigeria against General Hydrocarbons Limited (GHL), an energy company owned by Nduka …
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AfricaBanking, Finance & Investment
Court Adjourns First Bank’s $225.8 Million Debt Case Against General Hydrocarbons Indefinitely
The Federal High Court in Lagos has indefinitely adjourned the case involving an alleged $225.8 million debt owed to First Bank of Nigeria Ltd and FBNQuest Trustees Ltd by General …