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The Innoson Group vs GTBank fraud case involves claims where plaintiff Innoson Motors claims that GT Bank owes Innoson Motors a large sum of money that after 22% interest compounded annually over several years totals ₦ 8.9 billion. However, the Nigerian government is also investigating claims that Innoson Motors is guilty of fraud. [1]
Overview. Stanbic IBTC Holdings PLC. came to being as the result of a merger between Stanbic Bank Nigeria Limited and IBTC Chartered Bank Plc. in 2007, then adopting a holding company structure in 2012 to comply with the revised regulatory framework advised by the Central Bank of Nigeria, requiring banks to either divest from non-core banking financial services or adopt a holdings' company ...
Kuda. Kuda, also known as Kuda Technologies, is a fintech company operating in Nigeria and the UK. It was founded by Babs Ogundeyi and Musty Mustapha in 2019. [1] [2] [3] It initially begun as Kudimoney or "the bank of the free", an online-only savings and lending platform. It has since undergone a few funding rounds to transform into what is ...
Moniepoint Inc. was founded in 2015 by Tosin Eniolorunda and Felix Ike, who met during their time at Interswitch. Moniepoint Inc. was founded under the name “TeamApt” to provide back-end services to Nigerian banks. [3] [4] In 2019, Moniepoint Inc. received a switching license in Nigeria. [5] In 2022, Moniepoint received a banking license ...
GTBank Food and Drink. GTBank Food and Drink is a multi-day annual Lagos food festival sponsored by Guaranty Trust Bank. The maiden edition was held for two days in 2016 while subsequent annual events held for four days. At the event, buyers connect with sellers in the food and drink industry from different parts of Nigeria and other countries.
Konga.com is a Nigerian e-commerce company founded in July 2012 with headquarters in Gbagada, Lagos State.It offers a third-party online marketplace, as well as first-party direct retail spanning various categories including consumer electronics, fashion, home appliances, books, children's items, computers & accessories, phones and tablets, health care, and personal care products.
Equitorial Trust Bank. Equitorial Trust Bank Plc. (ETB), commonly referred to as Equitorial Bank, was a commercial bank in Nigeria. It was one of the twenty-six (26) commercial banks licensed by the Central Bank of Nigeria (CBN), the country's banking regulator, in early 2011 before a merger with Sterling Bank. [1]
There is a 4.6 percent increase of Internet use in Nigeria between 2021 and 2022 while the internet penetration is 51percent of the total population in January 2022, while 17.38 Mbit/s and 10.06 Mbit/s are the internet connection speed for mobile and fixed internet connection speed for the first quarter of 2022. [9]
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