Court orders forfeiture of mortgage bank’s N6.6bn shares

A Federal High Court in, Lagos has ordered the final forfeiture of 2,041,087,747 units of shares in Livingtrust Mortgage Bank Plc (formerly Omoluabi Mortgage Bank Plc), valued at N6,674,356,932.69. Also forfeited were the sums of N42,461,096.66 and $26.44, all traced to Cititrust Holdings Plc and its subsidiaries. Justice F.N. Ogazi ordered the final forfeiture on

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