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UBA seeks jail for WEMPCO directors over ₦61.45bn debt
United Bank for Africa (UBA) Plc has asked a Lagos court to send nine people linked to Western Metal Products Co. (WEMPCO) to prison.The bank alleges that they forced a court-appointed receiver out of the steel group’s Ogun State factory and the application is the...
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United Bank for Africa (UBA) Plc has asked a Lagos court to send nine people linked to Western Metal Products Co. (WEMPCO) to prison.The bank alleges that they forced a court-appointed receiver out of the steel group’s Ogun State factory and the application is the latest step in UBA’s effort to recover N61.45 billion it says the industrial conglomerate owes.
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About this article
- Length
- 60 words · 1 min read
- Published
- October 28, 2026
- Source
- Ghanamma