Union Bank Disagrees with Court Ruling on NICON Investments, Others

Union Bank disagrees with court ruling on NICON Investments, others

Union Bank Responds To High Court Ruling On NICON Investments Limited, Global Fleet, Jimoh Ibrahim Case - Security News Alert

Union Bank of Nigeria has acknowledged the recent judgment of Justice Abike Fadipe of the Ikeja High Court. High Court in the matter involving Senator Jimoh Ibrahim, NICON Investment Limited, Global Fleet, and the Bank.   According to the Chief Brand and Marketing Officer of the Union, Mrs. Olufunmilola Aluko, “We wish to assure […] The post Union Bank Responds To High Court Ruling On NICON Investments Limited, Global Fleet, Jimoh Ibrahim Case f…

Court Faults Union Bank for Using Nicon Investment's £130.7m to

By Aduragbemi Omiyale Justice O.O. Abike-Fadipe of the Lagos State High Court in Ikeja has fined Union Bank of Nigeria for converting Nicon Investment Limited’s £130.7 million fixed deposit to offset the loan obtained by Global Fleet Oil and Gas Limited. Global Fleet and Nicon Investment are companies owned by popular businessman and Senator representing […]

"Malicious To Join Jimoh Ibrahim" — Court Voids Union Bank’s Use Of NICON’s £130.7m Deposit To Settle Sister Company’s Debt, Awards £1m Damages - TheNigeriaLawyer

The Lagos State High Court sitting in Ikeja has ruled against Union Bank of Nigeria Plc for unlawfully converting NICON Investment Limited’s £130.7 million fixed deposit, awarding £1 million in damages for breach of fiduciary duty and negligence. In a judgment delivered by Justice O.O. Abike-Fadipe, the court held that Union Bank acted wrongfully by converting the claimant’s British pound sterling fixed deposit to U.S. dollars and subsequently t…

Union Bank to Appeal Senator Jimoh Ibrahim's N400bn Judgment - InsideBusiness - Business News in Nigeria

Union Bank of Nigeria has announced its decision to appeal a recent judgment by Justice Abike Fadipe of the Ikeja High Court, ordering it to pay over ₦400 billion to NICON Investment Limited, a company linked to Senator Jimoh Ibrahim. The court ruled that the bank failed to honour a £137 million deposit agreement, awarding interest accrued over 14 years at 5 per cent annually. The ruling marks a major victory for Ibrahim, who also chairs the Glo…

Union Bank Responds To High Court Ruling On NICON Investments

The Genius Media Union Bank Responds To High Court Ruling On NICON Investments Limited, Global Fleet And Jimoh Ibrahim Case Union Bank Responds To High Court Ruling On NICON Investments Limited, Global Fleet And Jimoh Ibrahim Case     Union Bank of Nigeria acknowledges the recent judgment of Justice Abike Fadipe of the Ikeja High Court in the matter involving Senator Jimoh Ibrahim, NICON Investment Limited, Global Fleet, and the Bank. We wish to…