EcoBank Hit with $68 Million Lawsuit in UAE for Alleged Defamation and Abusive Legal Practices

EcoBank Nigeria, its parent companies and leadership are facing a legal suit in the United Arab Emirates (UAE) on allegations of defamation, abusive proceedings and coercion in Nigeria. The $68 million legal claim in the UAE was filed against Jeremy Awori, CEO of Ecobank Transnational Inc (ETI); ETI Specialized Resolutions Company (ETISRC); Ecobank Nigeria (ENG);…

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Breaking: Nigerian Court Rejects SERAP’s Lawsuit Contesting National Assembly’s Budget Increase from ₦197 Billion to ₦344 Billion

A Federal High Court in Abuja has dismissed a suit by the Incorporated Trustees of the Socio-Economic Rights and Accountability Project (SERAP) challenging the powers of the National Assembly to amend its budget in the 2024 Appropriation Act. Justice James Kolawole Omotosho ruled, among others, that SERAP lacked the locus standi to institute the suit….

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Subscribers Plan to Sue NCC Over 50% Telecom Tariff Increase

The National Association of Telecoms Subscribers (NATCOMS) has announced plans to sue the Nigerian Communications Commission (NCC) over the approval of 50 percent tariff hike.   NCC on Monday, January 20, approved the request of telecommunications companies (telcos) to increase tariffs. The adjustment came after the Association of Licensed Telecommunications Operators of Nigeria (ALTON) and…

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