Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Hearing into Ecobank, Honeywell row accelerated

11 February 2016, 19:05

Lagos - The Federal Court of Appeal in Lagos has granted Honeywell Group’s appeal for accelerated hearing in its dispute with Ecobank Nigeria Limited.

Officials confirmed the Appeal Court took the decision on Wednesday when the matter of Honeywell Flour Mills’ appeal against the exparte orders granted by Justice Mohammed Yunusa in favour of came up for hearing.

The last time the matter came up in court, on January 27, the court adjourned the matter for hearing all pending applications and that if time permits, proceed to hear the substance of the appeal.

However on Wednesday, Counsel to Honeywell, Wole Olanipekun, urged the court to allow the expedited hearing of the appeal.

Also read: Bankers body backs Honeywell in feud with Ecobank

He further stated that if the court decides not to hear the appeal, Honeywell Flour Mills’ application to suspend the order granted by Justice Yunusa should be heard.

Counsel to Ecobank, Kunle Ogunba informed the court that the ruling of Justice Yunusa, which formed the basis for this appeal was just brought to him by Honeywell Flour Mills’ counsel.

Ogunba urged the court to allow him respond to Honeywell’s amendment of processes before the hearing of the appeal.

After hearing oral arguments from both counsels, the court agreed to an accelerated hearing of the appeal and adjourned the matter to February 22 for the hearing of the appeal.

The dispute over the N3,5 billion dates back to July 2013 when both parties agreed Honeywell would pay the sum in full and final settlement of the indebtedness of three member companies of the Honeywell Group – (Honeywell Flour Mills Plc, Anchorage Lesiures Limited and Siloam Global Services Limited) who obtained facilities from Oceanic Bank, a wholly-owned subsidiary of Ecobank, between 2006-2008. 




- CAJ News


Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...