Browsing Tag

Atlas Mara

FG begins interrogation of 2 ex-ministers over $2bn Atlas Mara’s Union Bank shares fraud

Martins Odeh Jul 3, 2019 0

The Federal Government has begun interrogation of those implicated in the alleged fraud that left over 65,000 Nigerian shareholders losing two billion dollars worth of shares.Those invited for interrogation were former minister of…

Government

FG Begins Investigation Into $2bn Atlas Mara’s Union Bank Shares Fraud

Martins Odeh May 23, 2019 0

The Federal Government has began criminal investigation into alleged misappropriation of two billion dollars worth of Atlas Mara’s Union Back Plc shares owned by 65,000 shareholders, News Agency of Nigeria (NAN) reports.NAN source in…

Business

Criminal Fraud Places Union Bank In Serious Financial Jeopardy

Business Editor Aug 3, 2017 4

Union Bank Plc today released its H1 2017 earnings, posting N73 billion in Gross Earnings, a growth of 22.6% over the last year.However, according to insiders, the bank is exposed to litigation issues that could see it in serious…