How bank chiefs crashed Nigeria’s Assurance Bank

Assurance Bank Nigeria Limited, once a thriving bank with 23 branches across the country, officially closed its doors in January 2006 following a series of mismanagement and fraudulent activities that left depositors and regulators reeling. The bank, originally established as Nigeria-Arab Bank (NAB) in 1962, became majority-owned by the Nigerian government under the country’s Indigenization […]