Sentences with phrase «naira loans»
The prosecution further alleged that Atuche and Ojo conspired to grant several billion naira loans to one Futureview Service Limited «without adequate security and contrary to accepted banking practice.»
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AMCON had alleged that the assets were being seized after the company has failed to refund the sum of 11 billion Naira loan owed to Union Bank and acquired by the corporation.
Not exact matches
While the Fayemi administration's main loan was the N25 billion naira bond it raised at the capital market in 2011 and other minor facilities taken from a few commercial banks, the DMO had put the state's indebtedness at N18.8 billion.
«In sheer unimaginable falsehood the House records reads, «this honorable House do resolve to authorize the state government to obtain loans of one billion naira and ten billion naira respectively from UBA Plc to re-finance facility from GTB and fund infrastructural projects in the state».
«That you, Bala A. Mohammed, while being the Minister of the Federal Capital Territory, Abuja, sometime in 2014 in Abuja within the Judicial Division of the High Court of the Federal Capital Territory did accept gratification of a house worth N550, 000,000 (Five Hundred and Fifty Million Naira) only situated at No. 2599 & 2600 Cadastral Zone A04 Asokoro District, Abuja from Aso Savings & Loans Plc as reward for performing your official duties and you thereby committed an offence contrary to Section 18 (b) of the Independent Corrupt Practices and Other Related Offences Act 2000 and punishable under Section 18 (d) of the same Act.»
She also averred that the defendant's confessional statement that he had diverted part of the One Billion Naira (N1, 000 000,000) UBA loan to other projects and services corroborated the charges preferred against him.
A statement by the EFCC, signed by Wilson Uwujaren, said, «The attention of the Economic and Financial Crimes Commission, EFCC has been drawn to a report captioned, Nigerian State Governors, Senate President Saraki pocketed billions of naira from Paris Loan refund, which appeared in the online news portal, Sahara Reporters on Sunday February 12, 2017.»