UBA intensifies N61bn loan recovery drive, seeks jail term for WEMPCO directors
UBA is increasing efforts to recover a loan totaling N61bn. The bank has asked for the directors of WEMPCO to be imprisoned until they follow a court order. UBA claims the company deliberately disobeyed the court. The bank specifically accused WEMPCO of using thugs. These individuals were allegedly used to evict a court receiver. The eviction took place at a factory located in Ogun State.
The bank accused WEMPCO of deliberate and orchestrated disobedience of court order and asked that the company’s directors be reminded in prison until they complied. It specifically accused WEMPCO of utilising thugs to evict court receiver from the steel group’s Ogun State factory The post UBA intensifies N61bn loan recovery drive, seeks jail term for WEMPCO directors appeared first on Premium Times Nigeria .