•Governor Adeleke of Osun State and UBA signpost The legal battle over the control of Osun State local government funds took a new twist yesterday as the Oyo State High Court sitting in Ibadan extended the freezing order on 30 accounts with the United Bank for Africa (UBA) linked to the disputed allocations. Presiding Judge, […]
The Oyo State High Court sitting in Ibadan has extended its interim injunction against the United Bank for Africa (UBA), maintaining a no-debit order on 30 bank accounts into which the Central Bank of Nigeria (CBN) paid withheld Osun State local government allocations. Justice Ladiran Akintola, ruling today said the extension was necessary to ...
A court document obtained by our correspondent has revealed the controversial United Bank for Africa (UBA) accounts into which the federal government paid allocations belonging to the 30 Local Governments in Osun State. The funds were lodged in newly opened accounts in the names of the 30 councils by the court-sacked All Progressives Congress ...
An Oyo State High Court has restrained the United Bank for Africa (UBA) from paying out any money from accounts opened in the names of the 30 Local Governments in Osun State by the court-sacked All Progressives Congress (APC) Local Government Chairmen and councillors. The order has been served on the bank, reports Nigerian Tribune. […]
Fire has broken out at a section of Afriland Towers, which houses a branch of the United Bank for Africa, and other companies in the Marina area of Lagos Island. The incident, captured in several videos shared on social media from different angles, showed thick smoke billowing from the high-rise building as panic spread across […]
Following a backlog of unpaid debts, the Nigerian Communications Commission has authorised telecommunications companies to disconnect the Unstructured Supplementary Service Data codes assigned to nine financial institutions. The directive signed by NCC’s Director of Public Affairs, Reuben Muoka yesterday and obtained by our correspondent, note...
In a clear message of zero tolerance for cash flow disruptions, the Central Bank of Nigeria (CBN) has sanctioned Deposit Money Banks (DMBs) for failing to make Naira notes available through automated teller machines (ATMs), during the yuletide season. Each bank was fined ₦150 million for non-compliance, in line with the CBN’s cash distribution...
A Federal High Court in Abuja has granted the Economic and Financial Crimes Commission (EFCC)’s application to freeze 67 banks accounts domiciled in different banks over alleged N52.9 million fraud. Justice Emeka Nwite granted the application after the EFCC’s lawyer, Martha Babatunde, moved an ex-parte motion to the effect, reports NAN. The mo...
The Kaduna State Internal Revenue Service (KADIRS) has sealed off six branches of the United Bank for Africa (UBA) over alleged evasion of N14 million tax. The operation followed the non-compliance of the management of the bank to series of notices sent to them by the service, reports Daily Trust. The team led, by the […]
•Governor Uba Sani The Supreme Court has dismissed the appeal filed by the Peoples Democratic Party (PDP) governorship candidate, Isah Ashiru, challenging the election of Governor Uba Sani of Kaduna State. The apex court also affirmed the judgments of the lower courts i.e. the tribunal and the court of appeal, which affirmed Uba’s win in [&hel...
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