Court voids Union Bank’s £130m deduction from NICON Investment account, orders refund

Tribune Online
Court voids Union Bank’s £130m deduction from NICON Investment account, orders refund

…awards additional £1m damages in favour of NICON …as Unon Bank heads to Appeal Court A Lagos State High Court has voided Union Bank’s deduction of £130,720,557.06 belonging to Nicon Investment Limited due to alleged indebtedness. Justice O. O. Abike-Fadipe voided the banks action on the grounds that the deduction was made without authorisation or […]

Court voids Union Bank’s £130m deduction from NICON Investment account, orders refund
Tribune Online

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