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Police Probe Zenith Bank Over Aquitane Oil Unpaid Dividend

The investigation was prompted by a petition from Aquitane Oil and Gas Limited which accused the Zenith Bank of falsifying the oil firm’s account statement. Aquitane Oil also accused the bank of refusing to pay over N1.4billion dividends accrued from 10,775,299 and 17,425,300 shares units belonging to its affiliate firms – Southern Grace Investment Ltd […]

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Aquitane Oil & Gas accuses Zenith Bank of forgery, unauthorized asset sale

Aquitane Oil & Gas Ltd., a major downstream oil industry player in Nigeria, has made explosive allegations against Zenith Bank Plc, accusing the bank of forgery, unauthorized asset sale, and diverting ₦1.4 billion in dividends. This scandal has sent shockwaves through Nigeria’s financial sector. According to Aquitane, Zenith Bank, in collusion with Veritas Registrars and […]