This must be a very difficult time for Ecobank and if the latest lawsuit against it is successful, the company may have to cough out N72 billion from its coffers to settle Honeywell Flour Mills for reputational losses suffered as a result of the asset-freezing ex-parte order by the bank. Honeywell and Ecobank have been…
Justice Jude Dagat of a Lagos Federal High Court, on Monday, stopped a winding up petition filed by Ecobank Plc, against Oba Otudeko’s three companies, over alleged unpaid N5.5 billion loan. In his ruling, the judge said it would be premature to entertain winding up application against the respondents, saying that when a judge is…
jkk Ecobank Nigeria Limited has urged the Supreme Court to set aside a Court of Appeal verdict on its winding-up petition against Honeywell Flour Mills Plc over an alleged 3.5billion debt. Justice Mohammed Yunusa of the Federal High Court in Lagos last December 4 froze Honeywell’s accounts following an application by Ecobank’s lawyer, Mr. Kunle…