Union Bank: CBN Investigator Summons Former CBN Deputy Governor

Union Bank: CBN Investigator Summons Former CBN Deputy Governor

Former Central Bank of Nigeria (CBN) deputy governor Babatunde Lemo, now chairman of Titan Trust Bank (TTB), has been summoned by the CBN Special Investigator, Jim Obazee. Reports say that his summons is regarding the controversial acquisition of Union Bank of Nigeria Plc (UBN) by TTB. In a letter dated December 24, 2023, the Head […]

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Federal Government Set to Reclaim Banks Illegally Sold to Emefiele

Federal Government Set to Reclaim Banks Illegally Sold to Emefiele

Jim Obazee, a investigator appointed by president Bola Ahmed Tinubu to look into the activities of the Central Bank of Nigeria (CBN), has disclosed that the government is set to reclaim 2 banks that were illegally sold to the former CBN governor, Godwin Emefiele. According to the report, Emefiele used proxies to acquire Union Bank […]

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