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Tag Archives: Sterling bank

Court orders interim forfeiture of Lekki property over fraud

interim forfeiture

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 ...

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Lagos shuts 80 buildings, five banks over illegal conversion

illegal conversion

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 ...

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AMCON, Sterling Bank fingered in illegal land sale

illegal land sale

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 ...

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Sterling Bank partners Sterling Court on Housing Provision

sterling bank

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 ...

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Sterling Bank wins the Housing Friendly Commercial Bank of the Year Award

Housing Friendly Commercial Bank

“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 ...

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Sterling Bank finances real estate projects in the country

Mortgage Credit Rating

“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 ...

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