Day: December 8, 2022

FLASH: House of Reps orders CBN to suspend new cash withdrawal limit

Femi Salako (Correspondent)Leave a Comment on FLASH: House of Reps orders CBN to suspend new cash withdrawal limit

FLASH: House of Reps orders CBN to suspend new cash withdrawal limit The House of Representatives has asked the Central Bank of Nigeria (CBN) to halt the implementation of the new cash withdrawal policy slated for January 9, 2023 pending compliance with the provisions of the Act establishing the bank. The House also summoned CBN […]

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Appeal Court nullifies sale of Intercontinental Hotel, orders return to Milan Group

Marcus AmudipeLeave a Comment on Appeal Court nullifies sale of Intercontinental Hotel, orders return to Milan Group

The Court of Appeal Lagos Division has nullified the sale of Intercontinental Hotels, Lagos by Polaris Bank and Asset Management Corporation of Nigeria, and ordered a return of the facility to the original owner, the Milan Industries Ltd. In a unanimous judgment in suit No CA/LAG/CV/476/2021 delivered by three Justices of the Appeal Court: Jimi […]

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