First bank

Nigeria reportedly lost more than $70 million in crude oil revenue during the legal dispute between First Bank and General Hydrocarbons Limited. The Supreme Court has ruled that First Bank failed to fulfil its obligations under its Memorandum of Understanding (MoU) with General Hydrocarbons Limited (GHL), while ordering the immediate...

THE Federal Ministry of Justice has charged First Bank of Nigeria Limited, its managing director, Nnamdi Okonkwo and three other individuals with forgery. The charge sheet, CR/266/2023, filed before the High Court of the Federal Capital Territory in Abuja, also names two lawyers, Muftau Ande and Dibiaezue Chuks, as well...