NDIC Probes First Bank over sale of Lead Merchant Bank asset, to settle depositors first

The judgement was recently delivered by Justice Ibrahim N. Buba of the Federal High Court, Lagos in a matter instituted by First Bank of Nigeria Plc over a claim
The Nigeria Deposit Insurance Corporation has secured a landmark judgement to the tune of N556,493,034.16 in favour of depositors of Lead Merchant Bank Limited (in-liquidation).
The judgement was recently delivered by Justice Ibrahim N. Buba of the Federal High Court, Lagos in a matter instituted by First Bank of Nigeria Plc over a claim of indebtedness by Lead Merchant Bank (in-liquidation) to the FBN prior to the revocation of the closed bank’s licence in 2006 by the Central Bank of Nigeria.
FBN had claimed in its suit before the court that the closed bank became indebted to it under a clearing and settlement banking transaction and that as at March 9, 2006 when the bank’s licence was withdrawn, the indebtedness stood at N556,493,034.16.

Allege Lover Faints In Ogun Commissioner, Dayo Adeneye’s Custody

The quiet atmosphere of the Angel n Eagle clinic inside the Ibara Housing Estate, Abeokuta was shattered on the night Wednesday 21 June,2017 by a panic call from Ogun State’s Commissioner for Information, Dayo Adeneye who brought in a dying patient.

A source hinted that the politician who used to anchor the Primetime Show with his partner, Kenny Ogungbe before he entered politics drove into the clinic around 12:45am with an unconscious lady and another female.

A visibly shaken Dayo who was dressed in a white singlet and jeans trouser informed the doctor that the lady got drunk and passed out. He even produced a bottle which he labelled as proof of the substance taken by the lady.