Sani Dangote, younger brother of the richest black man, Aliko Dangote,
has been dragged before Justice Okon Abang of a Federal High Court,
sitting in Ikoyi, Lagos, over his alleged failure to liquidate about N5
billion loan he allegedly got from Union Bank Nigeria Plc.
According to Daily Newswatch, the bank, in two separate suits
against Sani and his companies – Dansa Foods Limited and Bulk Pack
Services Limited – wants the judge to issue an injunction restraining
all commercial banks in Nigeria from allowing Sani and his companies to
withdraw funds from their accounts pending the determination of the
suits.
Union Bank, in its suits, insisted that in a bid to evade payment of the
loan, Sani has been making frantic efforts to deplete the funds in the
accounts of his companies, and that investigation had revealed that the
defendants had started diverting the funds to Dubai in United Arab
Emirates (UAE), Canada and Switzerland.
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#Dangote #Nigeria #UnionBank
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