‘S’court didn’t award N13.5bn judgement debt’ — Otudeko fires back at Ecobank | TheCable
a total of 4,770,269,843 units of FBN Holdings’ shares.
According to Honeywell, no court order awarded the amount or any judgment sum at all in favour of Ecobank.Honeywell’s reply was contained in a letter dated July 10, 2023, and addressed to the managing director of FBN Holdings. “Whereas, the letter falsely alleges that there was a decision of the Supreme Court in SC/CV/210/2021 made on 27th January, 2023 “affirming the indebtedness” of our clients and that the decision also”commanded” our above stated clients to perform certain acts, neither Dr. Oba Otudeko, CFR nor Honeywell Group PIc was a party to the Supreme Court decision/proceedings and no order was made against them.“Thus, the further statement in the letter that “…the actions being taken by Dr.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ecobank seeks FBN Holdings’ disapproval of Otudeko’s stake over alleged N13.5bn debtEcobank noted that it initiated a legal action against Honeywell Group Limited, Anchorage Leisures Limited, Siloam Global Services Limited and Mr Otudeko at the Federal High Court in Lagos, aimed at recovering the debt.
Read more »
Ecobank asks FBN to reject Otudeko’s share acquisitionEcobank has urged First Bank Holdings to reject the acquisition of 4.7 billion shares by a former Chairman of the bank, Dr Oba Otudeko.
Read more »
Ecobank Asks First Bank To Reject Oba Otudeko’s 4.7bn Shares PurchaseEcobank Nigeria Limited has urged First Bank of Nigeria Holdings Plc not to approve the 4.7 billion shares bought by Oba Otudeko’s Honeywell Group over an
Read more »
Ecobank asks FBN Holdings to reject Otudeko's share acquisition over 'N13bn debt' | TheCableEcobank Nigeria Limited has asked First Bank Nigeria (FBN) Holdings to reject the shares acquisition by Oba Otudeko, its former chairman, over an alleged N13.5 billion debt. The development is
Read more »
SEC investigates Otudeko’s FBN share acquisitionthe Securities and Exchange Council is currently investigating the acquisition of 4.7 billion shares of FBN Holdings by a former Chairman of the bank, Oba Otudeko, The PUNCH has confirmed.
Read more »
Kano govt pays N1.5bn NECO fees for 57,000 studentsThe Kano State Government has released over N1.5 billion for the payment of the National Examination Council registration fees for 57,000
Read more »