No fewer than 30 young entrepreneurs have been awarded a ₦16 million business grant by Unity Bank Plc during the latest edition of its flagship entrepreneurship development initiative, the Corpreneurship Challenge. The winners, budding entrepreneurs developing innovative solutions across various business value chains including fashion design, bag making, pastry making, event management, beauty, vegetable…
….Union Bank’s Deception Unveiled: A Trial that Could Change Nigeria’s Financial Landscape In a gripping courtroom drama that is fast becoming one of the most pivotal financial misrepresentation trials in recent history, the Special Offences Court of the Lagos High Court revealed shocking allegations against Union Bank of Nigeria Plc. On Wednesday, it was claimed…
A High Court in Lagos has awarded N112,050,000 against Union Bank Plc for wrongly selling a property located at No. 6, Moore Road, Ikoyi, Lagos State, at a grossly undervalued price of N60 million. Justice I.O. Harrison delivered the judgment in a suit filed by Mrs. Olubunmi Ogunde, Yewande Ogunde, and others, with Union Bank…
The Economic and Financial Crimes Commission (EFCC) has arrested two former staff of Union Bank in Makurdi over the alleged stealing of N4,199,500 belonging to a deceased customer of the bank. Its Spokesperson, Dele Oyewale, said this in a statement on Saturday in Abuja. According to him, the suspects, Idah Ogoh and Agbo Okwute were arrested…
The Central Bank of Nigeria (CBN), under Governor Yemi Cardoso, has increased the monetary policy rate (MPR) by 750 basis points so far, from 18.75% to 26.25%, with an eye on combating inflation and fostering economic stability. Nigeria’s real estate sector remains a critical part of the economy, and securing favourable lending rates is paramount…
The third edition of Union Bank’s Save & Win Palli Promo has ended on a high note after another successful six-month run. The grand finale draw, which was held on April 15th, 2024, at the bank’s Head Office in Marina, Lagos, rewarded over 100 lucky customers with cash prizes worth over 30 million naira and other…
Union Bank of Nigeria has re-emphasised its advocacy for an equitable and inclusive society devoid of biases, stereotypes, and discrimination. This assertion was recently made at a special event hosted by the Bank to commemorate this year’s International Women’s Day celebration under the global theme #InspireInclusion. Tagged Ability Over Gender, the occasion provided the Bank…
The Central Bank of Nigeria has dissolved the board and management of Titan Trust Bank and three others, according to Inside Business. This followed a report submitted to President Bola Tinubu by the Special Investigator on the Central Bank of Nigeria (CBN) and Related Entities, Jim Obazee. According to Inside Business, the others affected are…
The Lagos State High Court in Ikeja has issued a summons to Union Bank Plc., requesting an explanation regarding a disputed debt of #119,773,826 between the bank and a multinational company called Ravih Abdul and Co., Limited. This comes amidst rumors of Union Bank’s intended acquisition of minority shareholders by Titan Trust Bank Limited. While…
Two months after a two-year-old Titan Trust Bank acquired Union Bank Nigeria, the UK branch of the 105-year-old is ready to be acquired by a 34-year-old Fidelity Bank. Fidelity Bank entered into a binding agreement to buy a 100 per cent equity stake in the UK operations of Union Bank. Acquisition yet to receive approval…
