A Federal High Court sitting in Lagos has adjourned hearing in an N8 billion copyright infringement suit involving ROLLING INNOVATIONS & INVESTMENT LIMITED & ANOR V ECOBANK NIGERIA, MR RICHARD ADIELE AND MR. ADEKAYO BALOGUN till September 21. The claimants filed the suit against the Bank and two of its ex-staff claiming that the Bank…
Ecobank Nigeria Limited has appealed a ruling by Justice Jude Dagat of the Federal High Court in Lagos striking out its winding-up petition against Honeywell Group Limited and its sister company Anchorage Leisures Limited. Justice Dagat delivered the ruling on Monday on the basis that Ecobank’s suit was an abuse of court process. But, Ecobank,…
Justice Jude Dagat of a Lagos Federal High Court, on Monday, stopped a winding up petition filed by Ecobank Plc, against Oba Otudeko’s three companies, over alleged unpaid N5.5 billion loan. In his ruling, the judge said it would be premature to entertain winding up application against the respondents, saying that when a judge is…
The management of Ecobank Nigeria has facilitated the arrest of the operational manager of its Ejigbo branch, Akhanenu Ikechukwu, 41, for allegedly withdrawing N14,014.157 from the account of two customers of the bank without authority. The accused was handed over to the Nigerian Police at the Ikoyi Division Lagos. The police also established that the…
Reports say not less than 1,040 employees of Ecobank Nigeria have been thrown into the labour market. It was learnt that the economic hardship presently in the country may have pushed the financial institution into the decision to reduce its staff strength. It would be recalled that Ecobank Nigeria was one of the financial institutions…
jkk Ecobank Nigeria Limited has urged the Supreme Court to set aside a Court of Appeal verdict on its winding-up petition against Honeywell Flour Mills Plc over an alleged 3.5billion debt. Justice Mohammed Yunusa of the Federal High Court in Lagos last December 4 froze Honeywell’s accounts following an application by Ecobank’s lawyer, Mr. Kunle…
Indications have emerged that the recent re-alignment that affected some senior staff at Ecobank Nigeria was in furtherance of a market repositioning exercise designed to strengthen the bank’s business across all markets where it operates. Market feelers indicate that for a banking group that grossed over N315 billion in revenue and over N78billion in pre-tax…