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Court orders 22 banks to release N4 7B belonging to NNPC, PPMC -

A Federal High Court, in Lagos has discharged 22 banks from N4.7 billion a garnishee proceeding filed by Glonik Industries limited and Glonik Hotels limited, against Nigeria National Petroleum Company Limited (NNPC), and its sister company, Pipeline and Products Marketing Ltd.

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Court discharges 22 banks in N4 7bn garnishee proceedings against NNPC, PPMC

A Federal High Court in Lagos has discharged 22 banks from N4,7139,686.78, a garnishee proceeding filed by Glonik Industries limited.

Lagos stateNigeria generalJustice lewis allagoaJustice allagoaAmbrose lewis allagoaOko obaNigeria national petroleum companyGlonik hotelsFirst bankGarnishee first bankGlonik industriesA federal high courtProducts marketing ltdFederal high courtProducts marketingJudge ambrose lewis allagoa

Spencer Wayne Adamik

Spencer Wayne Adamik
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Stock Market | FinancialContent Business Page

Stock Market | FinancialContent Business Page
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Hybrid mutual funds can be the next big wave But do they suit everyone?

Hybrid schemes, with total Assets Under Management (AUM) of Rs 4.87 trillion, are the second-lowest open-ended mutual fund category after Solution Oriented Schemes. Compared to this, Growth/Equity Oriented Schemes commanded AUM of Rs 15.01 trillion as of February-end.

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