Tags: stanbic ibtc

Stanbic IBTC Draws N413.62b Capital Inflows Into Nigeria

In the second quarter of this year, Stanbic IBTC, a member of Standard Bank Group, facilitated a staggering $589.84 million capital inflow into the country, ranking it first among financial institutions that imported capital into Nigeria. The Nigerian Bureau of Statistics (NBS), in its Capital Importation Q2 2017 Report, stated that Stanbic IBTC accounted for…

Court Orders Stanbic IBTC To Pay N50b Damages Over False Report

The sum of N50 billion has been slammed on Stanbic-IBTC bank Plc and CRC Credit Bureau limited as general damages for false, malicious and injurious falsehood publication against one of its customers, Longterm Global Capital Limited. Justice Candide-Johnson of a Lagos High Court, who gave the ruling, also ordered the bank and CRC Credit Bureau…

Stanbic IBTC In Trouble Over Breach Of Contract, Gets N2b Lawsuit

Stanbic IBTC Bank Plc has been dragged to a Lagos High Court by a limited liability firm for an alleged breach of contract. The company, Infinity Snacks and Beverages Limited, accused the bank of making it suffer economic misfortune as a result of the development. In a statement of claim filed before Justice A. M.…