Union Bank/NICON: Lender appeals verdict on £1m award

A Lagos High Court sitting in Ikeja has awarded the sum of £1m as damages against Union Bank of Nigeria in favour of NICON Investment. The court presided over by Justice Olubunmi Abike-Fadipe awarded the damages over the bank’s breach of its fiduciary duties to NICON and negligence. The bank also awarded the sum of [...]

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