Union Bank of Nigeria has nurtured and retained generational customers, some of whom have maintained banking relationship with the Nigerian financial institution for two or more generations, a survey has revealed. The survey found that hundreds of families and businesses have maintained relationships with the bank for 60 to 80 years, since the days …
The Economic and Financial Crimes Commission (EFCC) has alleged that there was a mismanagement of Air Arik loan and stripping of critical assets while under the management of the Asset Management Corporation of Nigeria (AMCON), then led by its former Managing Director, Ahmed Kuru. This was stated by an EFCC investigator, Mr Bawa Usman Kaltungo, …
As Nigeria’s financial landscape continues to evolve, Union Bank finds itself at the centre of controversy, raising questions about its future as the country moves closer to its recapitalisation deadline. The bank, once a trusted household name in Nigeria's banking sector, is now embroiled in a web of financial and regulatory uncertainties following the takeover …
