‘Supreme court didn’t award N13.5bn judgement debt’ — Otudeko hits 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.

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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.
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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
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