2006 Bank Recapitalisation: Court Fixes Dec To Try Ex-bankers Suit Against CBN, NDIC

  • 📰 channelstv
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Nigeria Headlines News

Nigeria Latest News,Nigeria Headlines

2006 Bank Recapitalisation: Court Fixes Dec To Try Ex-bankers Suit Against CBN, NDIC The apex bank asked for a short time to file its reply to the interrogatories.

The National Industrial Court sitting in Lagos has fixed December 17 and 18 to try the suit initiated by over 1,000 former bank workers affected by the recapitalisation exercise in 2006.

At the proceedings on Tuesday, the court was informed that one of the defendants, the NDIC, was not present or represented by its counsel.The defendant’s lawyer was said to have sent in word that he was stranded in Abuja. On the other hand, the other defendant – CBN – particularly asked the court for a short time to file its reply to the interrogatories.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dev’t bank disburses N100bn to 95,000 MSMEs – Daily TrustThe Development Bank of Nigeria (DBN) says it has disbursed over N100bn to 95,000 MSMEs across the country. “In the current year (2019), DBN has disbursed over N100bn to over 95,000 MSMEs cutting across various sectors of the economy. Seventy percent of these loans went to women-owned/managed businesses while 51 percent so far were disbursed …
Source: Daily Trust - 🏆 13. / 51 Read more »

Access Bank to partner Benin monarch on satellite town devt, othersTHE management of Access Bank has pledged to support the inititiave of the Benin monarch, Omo N’Oba N’Edo Uku Akpolokpolo Ona Ewuare II to build a
Source: vanguardngrnews - 🏆 5. / 75 Read more »

African Development Bank Plans $67bn Investment Deals for Africa At Forum | Sahara ReportersAfrican Development Bank Plans $67bn Investment Deals for Africa At Forum | Sahara Reporters The deal which is targeted at 29 countries across the continent, will range from infrastructure development in energy, financial services, housing... READ MORE:
Source: SaharaReporters - 🏆 9. / 63 Read more »

Zenith Bank Delta Principals’ Cup semi-finals hold tomorrow – Daily TrustThe semi-finals of the Delta State Principals’ Cup Football Competition, sponsored by Zenith Bank plc will take take place tomorrow in two centres. The competition revived three years ago courtesy of a partnership arrangement between Governor Ifeanyi Okowa administration and Zenith Bank started in September with over 850 schools participating from the preliminary stage.ADVERTISEMENT After …
Source: Daily Trust - 🏆 13. / 51 Read more »

World Bank Ends Funding To Uighur Schools In ChinaWorld Bank Ends Funding To Uighur Schools In China.
Source: channelstv - 🏆 7. / 63 Read more »

CBN and challenges of bank regulation | The Guardian Nigeria News - Nigeria and World News'If the CBN authorized naming and shaming of delinquent bank debtors, they should treat the officers that approved the loan with equal measure for balance.' Nigeria CBN BankRegulation What crime did the officers commit by doing their jobs? Is it their fault that a lot of business people in Nigeria who borrow money, don’t have an atom of integrity?
Source: GuardianNigeria - 🏆 1. / 94 Read more »