Fresh details have emerged regarding the circumstances that led to the regulatory intervention in Union Bank of Nigeria (UBN), with a forensic audit report alleging wide-ranging financial irregularities under the bank’s former owners and directors. The Central Bank of Nigeria (CBN) had in January 2024 dissolved the bank’s board and management,...
•Supreme Court The Supreme Court has set aside a Federal High Court judgement in which over N22 trillion was awarded against Union Bank and other parties since 2014. The judgement arose from a suit instituted by a company known as Visana Nigeria Limited which claimed that Union Bank was indebted to it in the sum […]
Union Bank of Nigeria PLC. has announced the appointment of Mr. Bayo Adeleke as its new Board Chairman, along with seven other new members to its Board of Directors. The new appointees, according to a statement, include two Executive Directors, Mr. Kelechi Nwaoba and Mr. Taiwo Shote, and five Non-Executive Directors: Mr. Mohammed Balarabe, Mrs...
The Economic and Financial Crimes Commission, EFCC, has arrested two former employees of Union Bank in Makurdi, Benue State, on allegations of stealing N4,199,500 from a deceased customer’s account. The EFCC spokesperson, Dele Oyewale, disclosed this in a statement released yesterday in Abuja. The suspects, identified as Idah Ogoh and Agbo Okw...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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