Court ‘freezes’ Dangote’s accounts in 20 banks over debt

A Federal High Court has temporarily frozen at least 20 accounts belonging to Sani Dangote, a brother to billionaire businessman Aliko Dangote, over his alleged failure to pay a N5.2 billion obtained from Union Bank. All cheques drawn on all of Mr. Dangote’s accounts in 20 banks are not to be honoured, the court in Lagos ordered Thursday. The affected banks include First Bank of Nigeria (FBN), First City Monument Bank (FCMB), Guaranty Trust Bank (GTB), United Bank for Africa (UBA),… Continue Reading