NIGERIA — Justice Chukwujekwu Aneke of the Federal High Court, in Lagos has authorised Guaranty Trust Bank (GTBank) to temporarily take over the funds and assets belonging to Afex Commodities Exchange following its inability to pay N17,808,452,467.107 loan facilities granted by the bank. The judge made the order after hearing an ex-parte motion filed and moved by GTBank’s counsel Chief A.A. Aribisala (SAN), Ade Adedeji (SAN), with A.O. Olaleye and M.A. Aribisala... thisdaylive.com
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Mon Jun 02 2025 21:47:42 GMT+0000 (Coordinated Universal Time)
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Lagos Court has authorised GTBank to take over Afex Commodities Exchange over N17,808,452,467.107 loan
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Published (Updated) on Friday, May 31, 2024
• Bank of China keeps medium-term lending facility rate at 2 percent on 900 billion yuan ($124.26 billion)
• CBN begins the enforcement of cybercrime levy at 0.005 percent on all electronic transactions
• Huawei is gradually making an inroad into the Nigerian banking sector, a development that is becoming more worrisome, according to reports
• CBN directs all PoS providers to route transactions through an approved payment terminal
• Why are Central Banks Stocking Up more on Gold Recently? – Gold Market Trends
• Forty Innovative Ways to Leverage Artificial Intelligence (AI) Technology for Profit - How to Use AI to Make Money, Generate Profits for Your Business and Increase Your Income
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