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“Loan Fully Repaid, Documents Missing” — Squaremax Sues FCMB For N70 Million Over Lost Land Collateral Deed - TheNigeriaLawyer
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“Loan Fully Repaid, Documents Missing” — Squaremax Sues FCMB For N70 Million Over Lost Land Collateral Deed - TheNigeriaLawyer
A waste management company, Squaremax Ltd, has filed a lawsuit against First City Monument Bank (FCMB) before an FCT High Court, seeking the release of land documents used as collateral for a loan of N14.4 million. The company, represented by lawyer Abu Arome Esq, is demanding that the bank compensate it for financial losses allegedly caused by the misplacement of its Deed of Assignment. Squaremax is seeking N50 million as general damages and an…
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