Showing posts with label Court freezes Dangote. Show all posts
Showing posts with label Court freezes Dangote. Show all posts

Thursday, September 4, 2014

Court freezes Dangote’s accounts in 20 banks





No, not Aliko Dangote but his younger brother, Sani Dangote. According to reports, a Federal High Court in Lagos today September 4th ordered 20 Commercial banks in Nigeria to dishonour all withdrawal cheques from Sani Dangote and his companies, Dansa Foods Limited and Bulk Pack Services Limited until September 11th.

According to Punch, the high court judge, Justice Okon Abang, gave the order while presiding over a case brought against Dangote by Union Bank. Union Bank had dragged him and his companies to court over alleged refusal to pay up the N5.2bn loan granted his company since September, 2008.
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