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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 […]

Court Freezes Obaigbena’s Accounts as First Bank Moves to Recover N1.2 Trillion Debt

A Federal High Court in Ikoyi, Lagos, has issued an order restraining commercial banks in Nigeria from accessing or dealing with funds and assets totalling $225.8 million allegedly belonging to Nduka Obaigbena, Chairman and Editor-in-Chief of THISDAY Media Group and Arise News Channel. The order follows a lawsuit filed by First Bank of Nigeria Limited […]