1 hour ago
UBA intensifies N61bn loan recovery drive, seeks jail term for WEMPCO directors
What's happening
SignalsMonitor is following this as a markets story. Premium Times Nigeria is the outlet attached so far. The first report grouped here was at 27 Oct 2026, 15:20 UTC. The headline in use is “UBA intensifies N61bn loan recovery drive, seeks jail term for WEMPCO directors”. This note is SignalsMonitor's own briefing, not the publisher's article.
What we know
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
Story timeline
Reports grouped into this story, earliest first. Exact repeats from the same outlet are collapsed.
- First reported by Premium Times Nigeria
UBA intensifies N61bn loan recovery drive, seeks jail term for WEMPCO directors
Reported by 1 outlet
- Premium Times Nigeria
- Premium Times NigeriaUBA intensifies N61bn loan recovery drive, seeks jail term for WEMPCO directors