# Tags

FG Moves to Tackle ₦4 Trillion Debt Owed Gencos

The Federal Government has commenced negotiations with power Generation Companies (Gencos) to outline a repayment plan for the ₦4 trillion debt owed to them. This was disclosed in a statement by Bolaji Tunji, Special Adviser on Strategic Communications and Media Relations to the Minister of Power, Chief Adebayo Adelabu. Adelabu met with the Chairmen of […]

Otedola Slams Obaigbena’s Alleged Media Blackmail as GHL Counters First Bank’s $225M Debt Claim

In a fiery rebuttal, Femi Otedola, CON, Chairman of First Bank Holdings, has accused Nduka Obaigbena, Chairman of THISDAY/ARISE Media Group, of orchestrating a smear campaign through the media to deflect attention from his alleged financial improprieties. Otedola’s statement comes amid escalating tensions surrounding First Bank’s efforts to recover funds purportedly misappropriated in deals tied […]

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