Debt recovery Archives

Wema Bank defends Banana Island property sales as lawful debt recovery

Wema Bank has responded to recent allegations surrounding the sale of Banana Island properties linked to the defunct Gulf Bank, insisting that the transactions were lawful and part of efforts to recover outstanding debts owed to the bank. The bank issued the clarification in a statement issued on Saturday, signed by its Company Secretary/General Counsel, […]

aadelekepdnlimited-com
16th May 2026
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Finance

Reps sets up panel to recover outstanding FG debts

The House of Representatives on Thursday constituted an ad-hoc committee to investigate debts owed to the Federal Government by state actors, private entities and Ministries, Departments and Agencies, appointing the member representing Obokun/Oriade Federal Constituency of Osun State, Oluwole Oke, as chairman of the panel. The committee was inaugurated following the adoption of a motion […]

aadelekepdnlimited-com
7th May 2026
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108 Views

FG recovers N57bn from N5.2trn debt owed by MDAs

The Federal Ministry of Finance has made significant strides in the recovery of outstanding debts owed by various ministries, departments, and agencies to the Federal Government. Aisha Omar, the Director of Special Projects at the Federal Ministry of Finance, disclosed during a one-day workshop in Enugu that over N57 billion has been recovered from the […]

aomenyepdnlimited-com
24th April 2024
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146 Views

FG to end fuel subsidy in 2023 - Minister

Economy News

Over 5,000 debtors owe 10 FG agencies N4.67tn – Minister

The Federal Government has disclosed that over 5,000 debtors currently owe its agencies about N4.67tn. The Minister of Finance, Budget, and National Planning, Zainab Ahmed, who made the disclosure on Monday, said the government had in the past 18 months recovered N53.8bn out of the N5.2tn owed 10 ministries, departments and agencies. The minister made […]

agencyreport
12th April 2022
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321 Views

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Tag: Debt recovery

Wema Bank defends Banana Island property sales as lawful debt recovery

Reps sets up panel to recover outstanding FG debts

FG recovers N57bn from N5.2trn debt owed by MDAs

Over 5,000 debtors owe 10 FG agencies N4.67tn – Minister

TCN raises alarm over power transmission vandalism in.

Digital postcode system will transform Nigerian commerce —.

NIPOST targets unique digital postcode for every building.

Sigma pulls out of $10bn bid to acquire.

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