business
Unpaid Loans: Court Orders UBA to Take Over Godwin Ogiemwonyi Properties ~ Prestige News
ADVERTISEMENT
A Federal High Court in Lagos has granted an order directing United Bank for Africa (UBA) Plc, to take over two properties located in Benin City, Edo State, belonging to Godwin Ogiemwonyi (trading under the names of Ogiemwonyi Godwin Nigeria Enterprises & Festus Martins Nigeria Enterprises)over unpaid debts amounting to N786,957,024.03.
The court made the order, while delivering ruling in a suit marked: Suit No. FHC/L/CS/58/23 initiated by the bank and Receiver against Godwin Ogiemwonyi.
The plaintiff, UBA, had approached the court through its lawyer, Temilolu Adamolekun, over the failure of the defendant to pay its debts despite numerous pleas, hence the resort to recover the said amount through the courts.
The properties, which have been taken over by the bank, are a palatable residential building and warehouse, all located in Benin, Edo State.
UBA advises all indebted customers to pay their debts, as the bank will explore every available legal means to protect her depositors funds.
Commenting on the judgement, the Bank’s lawyer, Temilolu Ademolokun reiterated the commitment of the Bank to collect every single kobo owed by debtors to UBA. “If you owe UBA, you must pay,” he said
-
news7 years agoOsun Government presents 2015, 2016 audited accounts…sets record as the first state in Nigeria to publicly declare accounts
-
crime5 years agoArotile’s ex-classmate had no driver’s licence, report reveals
-
lifestyle8 years agoAmazing Tips for an Outstanding Makeup
-
news4 years ago2023: Kola Abiola Set To Declare For Presidency
-
entertainment5 years agosanwo-Olu honours sacked chaplain after Ambode’s wife saga
-
entertainment6 years agoSee how Women now use toothpaste to tighten vagina
-
lifestyle5 years agoUS Church ‘refunds members three years tithes’ as help during COVID-19
-
business4 years ago#EndSARS: Access Bank announces N50 billion interest-free facility for businesses