Nigeria: Okorie Drags Zenith Bank to CBN Over ‘Disappearance’ of $64.1 Million
An alleged disappearance of over $64 million from the vaults of the Zenith Bank has landed the multinational financial services provider in trouble.
Zenith bank is rated as a large financial service provider in Nigeria and Anglophone West Africa. As at the ending of 2016, her total assets was N4.7 trillion with shareholders’ equity of N616.3 billion. She is listed on the Nigeria Stock Exchange and the London Stock Exchange.
But the Managing Director of Owigs and Obigs, Emeka Okorie, has dragged the bank before the Central Bank of Nigeria (CBN) over an alleged unethical conduct which resulted in the termination of a foreign business transaction of over $64 million, with a Chinese firm, King-Tan Tantalum Industry.
Okorie is praying the apex bank for clarification on the validity of...