In a bid to recover a debt of N32 billion owed four commercial banks, Asset Management Corporation of Nigeria, AMCON, has dragged a Lagos businessman, Samuel Adenmosun, his wife, Toluleke Adenmosun and seven other limited liability companies before a Federal High Court in Lagos, Southwest Nigeria.
In a bid to recover a debt of N9,302,894,097.94, Asset Management Corporation of Nigeria AMCON has dragged a limited liability company, Ventures and Engineering Limited before a Federal High Court in Lagos, South West Nigeria.
African leaders attending this week’s summit with China don’t think that cooperation between the continent and Beijing has added to their debt burden, the Chinese government’s top diplomat said on Thursday.
China is helping Africa develop, not pile up debt, a top Chinese official said on Tuesday, as the government pushes back against criticism it is loading the continent with an unsustainable burden during a major summit in Beijing.
In a bid to recover a debt of N818,416,976.26, Skye Bank Plc has dragged a limited liability company Tropical Merchants limited and two Directors of the company, Ayinde Bakare and Chief Radheed Alaba Williams before a Federal High Court in Lagos.
South Africa is in talks with Citibank on how to settle a 1.8 billion rand ($135 million) loan to the state airline due to end September after the lender said it would not roll over the debt again, Treasury Director General Dondo Mogajane, said on Tuesday.
A Lagos High Court sitting in Ikeja has fixed July 11, 2017 for ruling in a motion filed by Nigerian Bottling Ltd seeking to set aside a garnishee order granted against five banks in respect of a N96.8m judgment awarded in favour of Senator Musiliu Obanikoro.
Mrs Taiwo Momoh, the 58 years old woman who was rescued by the police on Friday from jumping into the Lagoon from Third Mainland Bridge to commit suicide said her indebtedness to the tune of N18.7 million to her Swiss partner forced her to want to end her life.