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Tag Archives: STANBIC IBTC

Court orders Stanbic IBTC to reverse sale of property

Stanbic IBTC

The Federal High Court in Lagos has ordered Stanbic IBTC Bank to reverse the illegal sale of Mrs. Abosede Folasayo Fagbola’s property situated at 3 Ayoola Adeyefa Street (Plot 4 Block N) Oroki Estate, Osogbo, Osun state. The Osun-based lawyer dragged the bank before a Federal high court in Lagos after her property was sold without her knowledge. Joined as ...

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Stanbic IBTC Pension Managers invests N350bn in equity market to access mortgage facilities

Stanbic IBTC

Stanbic IBTC Pension Managers Ltd. (SIPML) says the company’s Assets Under Management (AUM) presently stands at N2.53 trillion with N350 billion invested in the equities market. Eric Fajemisin, SIPML Chief Executive Officer, stated this at a media conference in Lagos. He said that the company’s AUM was in excess of N2.53 trillion with over 1.6 million retirement savings accounts across ...

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STANBIC IBTC and experts solicit enhanced REIT transactions

In order to facilitate the establishment of an efficient and viable Real Estate Investment Trust (REIT) regime in the country, experts have urged the authorities to fashion out a new tax regulation that will enhance equitable administration of value in the real estate sector. They also called for an urban planning processes to create an improved enabling environment, which will ...

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