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The CBN, in its statement Wednesday, accused the banks of regulatory non-compliance, corporate governance failure, among others.

Kindly share this postBy Azubike Ugwu In the last three days, we have seen a storm of allegations regarding the ownership of Titan Trust Bank Limited (TTB) and Union Bank of Nigeria Plc (“Union Bank”), and this has captured public attention. These claims, reportedly stemming from a report submitted to the President by a Special […]

O understand the gravity of these claims, it's imperative to grasp the financial magnitude of the investors steering these banks

Although there are a variety of options for raising capital and attracting investors, equity is one of the two most sorts after options. It allows a company to give a share of ownership of its business to an investor in expectation of a return as the business grows. Unlike public equity (stock market) with ownership of shares in a public company, private equity (PE) simply means ownership of shares in a private company. Private equity is a type of capital investment (asset or security) made to (target) companies that are not publicly traded on a stock exchange. As an alternative form of priva...