Access Bank, Etiebet to settle out of Court over unpaid debt

Parties in a suit between Access Bank Plc and former Minister of Petroleum, Chief Don Etiebet over an unpaid debt today told Justice Mohammed Liman of the Federal High Court, that parties to the dispute have agreed to settle of of court. Following the inability of Don Etiebet to pay the multi billion naira loan owed the bank, the plaintiff, Access Bank had taken steps to take over the Etiebet Place, a property situate at  Bank Anthony Way, Ikeja, Lagos, one of the  properties used as collateral for securing the…

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Police slams Access Bank MD, Herbert Wigwe, Bank, 2 others with criminal charge

The Special Fraud Unit (SFU) of the Nigeria Police Force, Ikoyi-Lagos, has charged Mr. Herbert Wigwe, the managing director and chief executive officer of Access Bank Plc, his bank and two others before an Ogun State High Court, Sagamu, on 21 counts criminal charge. Those charged alongside Wigwe and Access Bank Plc, before Justice N. I. Agbelu led-court are: 41 years old Alawode Oluseye and Bayo Adesina. Wigwe and others are facing charges bordering on conspiracy, fraudulent disposal of trust property, fraudulent conversion, stealing and false representation. SFU in the…

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