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Africa · 2 hrs ago
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NDIC sues Wema Bank over N125bn Banana Island properties, N401m disputed payment
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The NDIC (Nigeria Deposit Insurance Corporation) has filed a lawsuit against Wema Bank over N125 billion worth of Banana Island properties and a disputed N401 million payment, as part of efforts to recover assets from a defunct bank whose licence was revoked by the CBN in January.
NDIC sues Wema Bank over N125bn Banana Island properties, N401m disputed payment
The NDIC said the action forms part of efforts to recover assets linked to the defunct bank, whose licence was revoked by the Central Bank of Nigeria (CBN) in January.
The post NDIC sues Wema Bank over N125bn Banana Island properties, N401m disputed payment appeared first on Premium Times Nigeria.
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