Page 2 - Kunle Ogunba News Today

July 11, 2023. Azonuchechi Chukwu. Ecobank Nigeria Limited has demanded the rejection of the recent acquisition of FBN Holdings shares by an entity associated with Oba Otudeko, an erstwhile chairman of the banking group, over an alleged unsettled debt of N13.5 billion. In a letter to FBN Holdings, Kunle Ogunba, lawyer of Ecobank, accused Otudeko |

Ecobank has asked First Bank Holdings to reject the acquisition of 4.7 billion shares by Dr. Oba Otudeko, a former Chairman of the bank.

Ecobank Nigeria has requested from FBN Holdings Plc a temporary suspension of proceedings concerning the acquisition of 4.77 billion shares by Dr. Oba Otudeko.

Ecobank noted that it initiated a legal action against Honeywell Group Limited, Anchorage Leisures Limited, Siloam Global Services Limited and Mr Otudeko at the Federal High Court in Lagos, aimed at recovering the debt.

A Federal High Court in Lagos, Monday, granted Ecobank leave to join Dr. Oba Otudeko, Flour Mills of Nigeria Plc. and Honeywell Group Limited as additional defendants to the counter-claim filed by the bank.

The President of the Nigerian Law Society (NLS), Kunle Ogunba (SAN), has said that fuel subsidy is not Nigeria’s problem. He described the recent removal of fuel subsidy as cheap government propaganda to divert Nigerians’ attention from the misgovernance and “irresponsibility within the political class".   Ogunba said he agrees with the Nigeria Labour Congress (NLC) that it is the innocent Nigerians who bear the brunt of the real problem of Nigeria, which according to him, are misgov...

The year 2022 tested the Bar and the Bench in their joint commitment to justice, professionalism and defence of the rule of law, in various respects.

Justice Ambrose Lewis-Allagoa of the Federal High Court in Lagos has ordered the federal government to stay further action on its planned concession of the

Honeywell and its sister firms, Anchorage Leisures Ltd and Siloam Global Ltd, have been locked in a N5.5 billion debt dispute with Ecobank.

In the last week of October 2022, Nigeria and, of course, the world woke up to the news that a rival association of lawyers known as the Law Society of