A Karu Grade 1 Area Court, Abuja on Thursday sentenced a 39-year-old man, Amobi Chukwu to three months in prison for refusing to pay N48,000 debt. The Judge, Aliyu Alhassan, however gave the convict an option of N5, 000 fine.…
Hong Kong court orders China’s Evergrande, which owes $300b, to liquidate
A Hong Kong court ordered China Evergrande, the world’s most heavily indebted real estate developer, to undergo liquidation following a failed effort to restructure $300 billion owed to banks and bondholders that fueled fears about China’s rising debt burden. Judge…
Zambian president wants quick debt restructuring to aid recovery
President Hakainde Hichilema of Zambia has urged the country’s creditors on Monday to agree to a quick debt restructuring to aid economy recovery efforts. Zambia defaulted on its sovereign debt in 2020, becoming the first African country to do so…
Village head borrows for chieftancy stool, jailed over debt
An Adamawa Magistrates’ Court has sentenced a village head, Gumni Ilihu, of Gugu village, Banjiram District, in the Guyuk Local Government Area of the state, to eight-year imprisonment for criminal breach of trust, intimidation and mischief. A primary school teacher,…
How to tell your future partner you’re broke without repercussions (HuffPost)
Having the right conversations at the right time can help you find love despite your debt. If there’s anything that today’s abundance of dating sites and apps have taught us, it’s that there’s someone out there for everyone. Whatever your…
