Banks Set Aside N383bn For Legal Claims Amid Growing Litigation - Business - Nairaland
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| Banks Set Aside N383bn For Legal Claims Amid Growing Litigation by Mateco556: 10:36am On May 06 |
In a move aimed at pre-empting potential legal disputes, nine major Deposit Money Banks (DMBs) in Nigeria have collectively set aside a staggering N383.42 billion. This provision is earmarked for the resolution of claims that may arise from ongoing legal battles between the banks and their customers, as revealed by an investigation conducted by The PUNCH. These findings are based on the annual financial reports filed by the banks with the Nigerian Exchange Limited, shedding light on the extent of legal challenges... https://ratecaptain.com/banks-set-aside-n383bn-for-legal-claims-amid-growing-litigation/ |
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