In a stunning admission of defeat, TAJ Bank Ltd has formally withdrawn its lawsuit seeking to recover a staggering N957.4 million (approx. $1.1 million USD) lost due to a massive internal system glitch, raising serious questions about its operational stability, crisis management, and the security of customer funds. The Costly Glitch: The crisis began…
The National Industrial Court sitting in Lagos has fixed March 19, 2025 to begin trial in a suit between Oluseyi Owolabi and TAJ Bank limited over a bribery allegation. The court presided by Justice Essien adjourned the case following an application by the defendant for extension of time within which to file its defence. Counsel…
A Director with TAJ Bank, Alkali Habib and four private companies and their directors have been charged before a Federal Capital Territory (FCT) High Court sitting in Abuja with the Money Laundering and Breach of Public Procurement Act. Charged alongside Habib are Innocent Nwobodo, Edwin Iyk Anyadigibe, Ahmad Salihijo Ahmad and Abdulmumini Haruna, Directors…
