NEWS: Court Rules on First Bank, Nduka Obaigbena Battle Over Alleged $225.8m Debt

Court Rules on First Bank, Nduka Obaigbena Battle Over Alleged $225.8m Debt

A Lagos High Court has reportedly ruled against Nduka Obaigbena, the chairman of ThisDay Media Group, over a $225.8 million debt recovery suitFirst Bank of Nigeria accuses Obaigbena of outstanding indebtedness on General Hydrocarbons’ accountThe court adjourned the case to February 15, 2025, for a substantive hearing as Obaigbena’s legal team considers appealing the ruling

Henzodaily.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge…

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