Disputed Debt: Honeywell not indebted to Ecobank- Court

.. We are appealing judgment -Ecobank A Federal High Court sitting  in Lagos over the weekend , held  that Honeywell Flour Mills Plc and its sister companies; Anchorage Leisures Limited and Siloam Global Limited are no longer indebted to Ecobank Nigeria Limited. Justice Ayokunle Faji made the declaration while delivering judgement in a suit filed by Honeywell Group against Ecobank Limited. Following a dispute over an alleged indebtedness of N5.5 billion to Ecobank Limited, Honeywell Group and its sister companies instituted a suit seeking court’s declaration that they were not…

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Alleged N5.5bn debt: Honeywell, Ecobank suit resumes afresh

Legal battle between Honeywell Flour Mill Plc and Ecobank Plc over disputed N5.5 billion debt resumed afresh today before Justice Ayotunde Faji of the  Federal High Court, Lagos.        The legal hostility have to commence afresh  due to the former trial judge, Justice Mohammed Idris elevation to the Court of Appeal. It would be recalled that at the last hearing of the matter, Justice Idris (now Appeal Court Judge) adjourned the matter indefinitely following an interlocutory  appeal filed by Ecobank PLC challenging his refusal to recuse himself from hearing the…

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