Debt Recovery News
Latest articles and news about Debt Recovery on AXL Media.
Latest Articles
- Parallex Bank Secures Legal Victory as FCT High Court Dismisses N7.1 Billion Suit Over Debt Dispute
Published: May 1, 2026
Section: Africa
A Federal Capital Territory High Court has dismissed a N7.1 billion lawsuit filed by logistics firm FHT Mega Express Limited against Parallex Bank Limited, citing a "gross abuse of...
- Former CFO Navigates KSh 30 Million Debt Crisis to Salvage Renewable Energy Venture Following Near Auction of Personal Property
Published: Mar 31, 2026
Section: Africa
Nairobi entrepreneur Edward Kinyanjui, who traded a high-ranking corporate career for business ownership, has shared his journey of overcoming a debilitating KSh 30 million debt. A...
- Behind the Highlight Reel: Nairobi Entrepreneur Mcokelo Koks Reveals Radical Journey from Millions in Debt to Financial Peace
Published: Mar 28, 2026
Section: Africa
Nairobi-based businessman Mcokelo Koks has gone public with his transformative struggle against a multi-million shilling debt crisis. After a foreign contract default left him with...
- Lagos High Court Freezes Petrocam Accounts and Director BVN Over Alleged N9 Billion Debt to Zenith Bank
Published: Mar 12, 2026
Section: Africa
Justice Chukwujekwu Aneke has issued an interim order restraining Petrocam Trading Nigeria and its principal, Patrick Ilo, from accessing funds across various financial institution...
- Auction Alert: Liquidated South African Airline Assets Up for Sale with R150,000 Starting Bid
Published: Feb 25, 2026
Section: Business & Economy
The remaining assets of a liquidated South African airline are set to go under the hammer, with bidding expected to start at a remarkably low R150,000. The sale follows a prolonged...