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Twists and turns in Ecobank, Honeywell dispute

06 May 2016, 20:41

Lagos - The conflict between Honeywell Group and Ecobank is far from over.

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.

The entities- Honeywell Flour Mills Plc, Anchorage Leisures Limited and Siloam Global Services Limited-obtained the facilities from Oceanic Bank, a wholly-owned subsidiary of Ecobank, between 2006 and 2008.

The debt has not been settled.

Also read: Buhari signs 2016 budget into law

There has been a new twist to the deadlock after the Federal High Court sitting in Lagos when senior members of the bar accused Ecobank’s lawyer, Kunle Ogunba, of disrespecting the bench in the matter.

Ogunba allegedly accused the Justice Jude Dagat of nodding his head while listening to the oral argument of counsel to Honeywell.

This angered other senior members of the bar in the courtroom. In fact, two senior lawyers, Wahab Shittu and Dr. George Olushola Ogunyomi, stood up to address the court and both of them expressed displeasure at Ogunba’s attempt to ridicule the bench.

The senior lawyers insisted that that Ogunba’s conduct undermined the court, was disrespectful to the bench and totally unethical as junior lawyers and Student’s from the Law School were in court to witness the embarrassing scene.

Both senior lawyers apologized on behalf of the bar and advised Ogunba to apologise to Justice Dagat.

Ogunba failed to apologise and lawyers threatened to stage a walkout unless he did so.

The situation was however brought under control.

It was the latest in a number of setbacks that have seen the case deferred.

Justice Dagat has adjourned the case to September 26.

- News 24


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