Tags: loan

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Loan Controversy: Court Adjourns Otudeko, Others’ Case To June 11

A Federal High Court sitting in Lagos has adjourned the N12.3 billion loan controversy case involving the Chairman of Honeywell Group, Oba Otudeko, and three others, to June 11, 2025. Justice Chukwujekwu Aneke postponed the case to allow time for either a peaceful settlement or the formal arraignment of the suspects. The decision followed reports…

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World Bank Finally Approves $1.5b Loan For Nigeria

The World Bank on Tuesday finally confirmed the approval of $1.5 billion loan to Nigeria aimed at boosting the country’s efforts in reducing poverty. A statement by the World Bank country director for Nigeria, Shubham Chaudhuri said the approved loan facility has a five-year tenure which will run between 2021 and 2024. The institution added…

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