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United Bank For Africa Sues Energy Firm, Polaris Bank Over N2.8 Billion


The court adjourned till July 13, for hearing of the motion on notice.
by SaharaReporters, New York
Jul 08, 2021
A Federal High Court sitting in Lagos has restrained Integrated Energy Distribution and Marketing Company Ltd and Polaris Bank from tampering, howsoever, with funds standing to their credit up to $6,759,000 (about N2.8 billion) or its equivalent in any currency in 25 banks, the Debt Management Office and Federal Ministry of Finance.
Justice Daniel Osiaigor, who made the interim order of Mareva Injunction, held that it subsists pending the hearing and determination of a motion on notice filed against the duo by the United Bank for Africa (UBA). ....

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Titan Trust Bank expands, opens Ikeja, Lagos branch


In furtherance of its efforts to offer customers endearing experience, Titan Trust Bank Limited, one of the fastest growing financial service providers in Nigeria, has announced the opening of its state-of-the-art branch located at 53, Allen Avenue, Ikeja, Lagos for commercial operations.
The Executive Director, Titan Trust Bank, Mrs. Adaeze Udensi, Ph.D, while declaring the new branch open on May 20, 2021, said the move was in line with the bank’s quest to provide financial service to micro, small and medium scale enterprises within Lagos state.
“The opening of this branch would go a long way in ensuring that customers within and around the Ikeja axis can experience the bank’s wide array of services. ....

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