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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Tue Apr 08 2025 01:30:36 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
• Nigeria has secured at least $1.25 billion in loans from the World Bank and AfDB to boost electricity supply under Tinubu
• CBN has reduced deposit money banks’ Loan-to-Deposit Ratio, LDR, to 50 per cent from 65 per cent to boost lending capacity
• Federal Government has deducted over N415bn from state government allocations to service external loans, according to reports
• The World Bank has granted a fresh $700 million loan for empowerment programs in Nigeria
• World Bank Country Director says Nigeria has no choice but to borrow $800m for 2023 budget deficit
• Ex Rivers State Governor Nyesom Wike (Now FCT Minister) Receives Godswill Akpabio the Senate President of Nigeria at His Residence in Abuja on Tuesday 18th, March 2025 - Photo News
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