Two Nigerian banks say do not owe government money


LAGOS, July 20 – Nigeria’s United Bank for Africa said it has paid the government all the money due to it, its spokesman said on Thursday.

Fidelity Bank said it did not owe $24.5 million to the government and it has contacted the state treasurer to understand what account the government was referring to in its request for monies owed.

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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