Day: August 3, 2020

.THREATENS LEGAL ACTION OVER LINK TO N41BILLION NITEL LIQUIDATION FRAUD The United Bank for Africa (UBA) Plc has described as “untrue, misleading, malicious, libelous” reports in a section of the media that Mr Tony Elumelu, Chairman, UBA Plc, was allegedly involved in a N41 billion fraud, with respect to the defunct Nigeria Telecommunication Company (NITEL). As you read this, the Bank and its Chairman through its lawyers have demanded a public apology and retraction of the claim within seven days of receipt of the letter or face legal action. Chairman…

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