NDIC sues Wema Bank over N125bn Banana Island properties, N401m disputed payment
The Nigeria Deposit Insurance Corporation (NDIC), acting as liquidator of the defunct Gulf Bank Plc, has filed two separate suits against Wema Bank at the Federal High Court in Lagos, seeking the recovery of disputed Banana Island properties valued at about N125.38 billion and an alleged unauthorise...
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Verified on May 14, 2026