Honeywell’s Judgement Claim is absurd and an Exercise in Futility – Ecobank
Ecobank Nigeria says it remains committed to recovering the debts owed by Honeywell, emphasizing that the return of depositors' funds is crucial for ensuring the continued support and growth of local businesses by the bank. The bank also asserted that the judgement claim by Honeywell Flour Mills Plc is an exercise in futility as the bank would diligently pursue the appeal with the aim of overturning the judgment of the Federal High Court. Ecobank Nigeria Limited has lodged an appeal against the ruling of the Federal High Court, Lagos, delivered by Hon. Justice M. Liman, in the N72 billion lawsuit brought against the bank by Honeywell Flour Mills Plc. In its Notice of Appeal dated 19th July 2023, filed on the same date, Ecobank seeks to overturn the judgment delivered on 18th July 2023. The bank is also seeking an Order from the Court of Appeal to uphold its Notice of Preliminary Objection, challenging the jurisdiction of the Federal High Court to preside over the matter...