Hudson Petroleum Limited Company has been dragged before a Federal high court sitting in Lagos by Sterling bank Plc alongside Petroleum marketing Company Petrocam Trading Nigeria Limited over an alleged indebtedness of N2 billion
A receiver/manager, Gbenga Akinde-Peters and Guaranty Trust Bank (GTB) have approached the Lagos division of the Appeal court, seeking an order of stay against the ruling of Justice Ambrose Lewis-Allagoa of Lagos Federal High Court, which upturned the consent judgment granting them power to take over the affairs of five companies. The five companies are […]
The court adjourned till July 13, for hearing of the motion on notice.
by SaharaReporters, New York
Jul 08, 2021
A Federal High Court sitting in Lagos has restrained Integrated Energy Distribution and Marketing Company Ltd and Polaris Bank from tampering, howsoever, with funds standing to their credit up to $6,759,000 (about N2.8 billion) or its equivalent in any currency in 25 banks, the Debt Management Office and Federal Ministry of Finance.
Justice Daniel Osiaigor, who made the interim order of Mareva Injunction, held that it subsists pending the hearing and determination of a motion on notice filed against the duo by the United Bank for Africa (UBA).
United Bank For Africa Sues Energy Firm, Polaris Bank Over N2 8 Trillion saharareporters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from saharareporters.com Daily Mail and Mail on Sunday newspapers.