N61bn loan: UBA intensifies recovery drive, seeks jail term for WEMPCO directors
United Bank for Africa (UBA) Plc has asked the Federal High Court to commit nine individuals associated with Western Metal Products Company (WEMPCO) to prison over alleged violations of a court order in a N61.45 billion debt recovery dispute. The bank accused the individuals of forcibly removing a court-appointed receiver-manager from WEMPCO’s steel facility in […] The post N61bn loan: UBA intensifies recovery drive, seeks jail term for WEMPCO directors appeared first on Naijaonpoint.com.ng .
United Bank for Africa (UBA) Plc has asked the Federal High Court to commit nine individuals associated with Western Metal Products Company (WEMPCO) to prison over alleged violations of a court order in a N61.45 billion debt recovery dispute. The bank accused the individuals of forcibly removing a court-appointed receiver-manager from WEMPCO’s steel facility in […]
The post N61bn loan: UBA intensifies recovery drive, seeks jail term for WEMPCO directors appeared first on Naijaonpoint.com.ng.
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About this article
- Length
- 75 words · 1 min read
- Published
- October 27, 2026
- Byline
- Sunnex Egbu
- Source
- Naijaonpoint.com.ng