Tag Archives: Sterling bank

A federal High Court, Lagos has ordered an interim forfeiture of the multi-billion naira Safetowers Estate located at Ikate, Lekki. The project is being promoted by Safetrust Mortgage Bank Limited and Macbosh Properties Limited. Justice Sule Hassan made the order last week while ruling on the ex-parte application filed by Nkereuwem Anana, counsel to the Economic and Financial Crimes Commission ...

Officials of the Lagos State Building Control Agency (LASBCA) yesterday shut down five commercial banks and over 80 buildings on Allen Avenue, Ikeja over illegal conversion. The officials, who were accompanied by the Lagos State Environment and Special Offences Enforcement Unit, also shut Adebowale Electronics, Panasonic and several other buildings used for commercial purposes. The commercial banks, whose branches were ...

The Asset Management Corporation of Nigeria (AMCON) and Sterling Bank have been accused of the illegal sale of portions of Victory Park Estate belonging to an indigenous real estate development company, Grant Properties Limited (GPL). The portion of land allegedly sold by the Bank was 10 hectares, which was valued at N5b billion at the time of the sale from ...

In its bid to reduce the widening housing deficit in the country, Sterling Court Development, a Pubic Private Partnership Development initiative in collaboration with Lagos State Government through Agboyi-Ketu Local Council Development Area, in financial partnership with Sterling Bank Plc, is set to offer a solution to the acute housing shortage being experienced in the nation particularly in Lagos State ...

“The huge housing deficit level in Nigeria’s housing sector is worrisome. As at 2012, experts estimated the deficit to be at a minimum of 17 million units and recently raised an alarm that the figure could be up to 20 million units if a proper investigation of the state of affairs in the sector is undertaken. Worse still, experts say ...

“Sterling Bank Plc, has won the Housing Friendly Commercial Bank of the Year Award for its remarkable impact on housing delivery in Nigeria’s housing sector.”- The News Receiving the award at the 12th edition of the Abuja Housing Awards in the Federal Capital Territory (FCT), Abuja recently, Sterling Bank’s Non-Interest Banking (NIB) Group Head, Mr. Basheer Oshodi said, the Bank ...

“The Managing Director/Chief Executive, Crown Realities Plc, Mr. Darl Uzu has commended Sterling Bank Plc for stepping in to provide financing for development projects in the country.”- This Day Speaking at the inauguration of the Crown Court Durumi, Abuja, a project that was wholly financed by the bank, he said the financial institution had proven to be a dependable partner ...