Tag: Union Bank
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Kogi shuts Union Bank branches over alleged tax default
The Kogi State Government on Friday shut branches of Union Bank of Nigeria, UBN Plc in Lokoja, the State capital for allegedly refusing to settle a tax overhang of N147.3 million. This was disclosed to newsmen on Friday by Barrister Isah Jamil, Director of Legal Services, Kogi Internal Revenue Service, KGIRS, the agency that sealed…
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Union Bank donates N50m to fight Coronavirus
Union Bank of Nigeria (UBN) Plc has donated $130,000 or N50 million to tackle the spread of the Coronavirus pandemic in Nigeria. The donation was made into a fund set up by 54gene, an African genomics research, services and development company working closely with the Nigeria Centre for Disease Control (NCDC) to fight the Covid-19…
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Union Bank, Eko Hotels shut down operations over Coronavirus
Amid the scare of Coronavirus, Union Bank of Nigeria and Eko Hotels have joined corporate organisations lending their voices to the war against the deadly disease, Covid-19 by shutting down operations. As regards Union Bank, it was gathered that members of staff have been urged to work from home. In a statement obtained by TheNewsguru,…
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Zenith, Union Banks clear air on alleged merger talks
The managements of both Zenith Bank Plc and Union Bank of Nigeria Plc have reacted to the widespread reports that they were having discussions bordering on becoming a single entity. Zenith Bank on Tuesday released a press statement to the Nigerian Stock Exchange (NSE), claiming it had not made any binding offer to acquire any…
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Union Bank Loses Chairman
Union Bank Nigeria Plc has announced the death of the Chairman of the Board of Director, Mr Cyril Odu, who passed away on Tuesday, September 17, 2019. The bank disclosed this in a notice sent to the Nigerian Stock Exchange on Thursday and was signed by the Bank’s Company Secretary, Somuyiwa Sonubi. The notice read:…
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Access Bank speaks on 'acquisition' of Union Bank
Earlier on Monday, July 8, 2019, there were reports on social media that Access Bank Plc was making moves to acquire Union Bank of Nigeria Plc. This was coming three months after Access Bank completed its merger with Diamond Bank, which also first started as a rumour in late 2018, but was refuted by the…
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Union Bank: Buhari's ex-Ministers Enelamah, Udoma quizzed over $2b share scam
The Federal Government has begun the interrogation of those implicated in the alleged fraud that left over 65,000 Nigerian shareholders losing two billion dollars worth of shares. Those invited for interrogation were the former minister of Budget and National Planning, Sen. Udo Udoma and his counterpart in the Ministry of Trade and Investment, Okechukwu Enelamah.…
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EFCC moves for interim forfeiture of Bankers Warehouse’s $2.8m
The Economic and Financial Crimes Commission, EFCC, Enugu Zonal Office, has filed a motion at a Federal High Court, Enugu, seeking an order for the interim forfeiture of the $2.8million seized from two men last week. Also filed is an affidavit of urgency for the matter to be heard on December 27, 2018, before a…
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Union Bank blasts EFCC, claims ownership of N1bn recovered at Enugu Airport
Union Bank Limited has claimed ownership of a large consignment of cash intercepted by operatives of the Economic and Financial Crimes Commission (EFCC) on Friday at the international airport in Enugu. Recall that the EFCC announced in a statement Friday evening that two men were arrested at Akanu Ibiam International Airport with a combined cash…
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Etisalat debt predicament: 13 Banks’ shareholders mount huge pressure
…ask telecoms firm to clear debt Shareholders of the 13 banks involved in the N1.2 billion loan for Etisalat Nigeria have asked the telecoms company to pay up its debt in order to guarantee the payment of annual dividends. The shareholder group told the News Agency of Nigeria in Lagos on Tuesday that the company…