Page 4 - Kunle Ogunba News Today

Ecobank Nigeria Limited has warned Flour Mills of Nigeria Plc against the proposed acquisition of equity stake in Honeywell Flour Mills Plc, alleging that Honeywell Group Limited, the parent firm, had not been paying up its loans from the bank. The PUNCH had on Tuesday reported that a proposed deal between Flour Mills

By Rasheed Adigun In the past few weeks, the management of Seplat Petroleum Development Company has been attempting to twist the narrative in its ongoing suit against Access Bank Plc, in a bid to attract public sympathy. Unfortunately, Seplat which has failed to honour its obligation appears not to be bothered about the implication of its bad behaviour on its reputation as a listed company on both the globally-respected London Stock Exchange and one of Africa’s bourse, the Nigerian Stock Exch...

Access Bank and Seplat Petroleum Company Plc. have recently been enmeshed in legal tussle in the former’s efforts to recover an outstanding U$.85.8 million loan to Cardinal Drilling Services Ltd. Olaoluwakitan Babatunde x-rays the issues, and writes that Access Bank is on a misdirected crusade The Nigerian corporate world was taken aback when on 2nd December 2020 a team of fully armed policemen and lawyers took over and disrupted businesses and activities at the No. 16 Temple Road, Ikoyi L...

5 min read The only problem in this case is that by going after Seplat Petroleum, even suing it as the first defendant, to recover a debt owed by Cardinal Drilling Services Nigeria Limited, Access Bank may have gone on an overdrive and overshot the runway in its bid to recover of what is a legacy debt… The peace and tranquillity of the corporate world was recently rattled by the news that a Nigerian court had granted an injunction allowing Nigeria’s biggest lender, Access Ba...

Davidson Iriekpen Lawyer to Access Bank Plc, Mr. Kunle Ogunba (SAN), has accused Seplat Petroleum Development Company of embarking on blackmail and intimidation over his discharge of his professional duties to the bank. The senior lawyer, was reacting to reports that he had been dragged to the Legal Practitioners Privileges Committee (LPPC) and the Legal Practitioners Disciplinary Committee (LPDC) of the Nigerian Bar Association (NBA) for alleged gross misconduct and unethical practices by the ...

Davidson Iriekpen Access Bank Plc at the weekend said it had filed a notice of appeal at the Supreme Court to challenge the decision by the Lagos Division of Court of Appeal to upturn the suspension of the interim order made by a Federal High Court in Lagos sealing the corporate offices of Seplat Petroleum Development Company (SPDC) and freezing its accounts, in respect of loan obtained by Cardinal Drilling Services Limited. The loan, according to the bank, was utilised by Seplat. The bank, thr...

• Senior lawyer denies allegations Tobi Soniyi Seplat Petroleum Development Company has asked the Legal Practitioners Privileges Committee (LPPC) and the Legal Practitioners Disciplinary Committee of the Nigerian Bar Association (NBA) to sanction a Senior Advocate of Nigeria, Mr. Kunle Ogunba, for alleged gross misconduct and unethical practices contrary to the Rules of Professional Conduct for Legal Practitioners 2007. In the petition to the LPPC, which was equally copied to the Nigerian Bar...

Views: Visits 138 The High Court of the Federal Capital Territory in Jabi, Abuja, on Thursday, ordered the sale of an Abuja hotel owned by Obat Oil and Petroleum Limited to offset N5 billion debt it owes Ecobank Plc. The judge, Hassan Babangida, gave the order in a suit filed by Ecobank. The hotel in question, Febson Hotels & Malls, is located at Plot 2425, Herbert Macaulay Way, Abuja. Obat Oil, the firm which owns the property, was founded by an oil mogul and popular monarch, the Olug...

By Davidson Iriekpen A Federal High Court in Lagos yesterday refused an oral application by an oil firm Seplat Petroleum Development Company, seeking access to its accounts and offices which were shut through a court order. Justice Rilwan Aikawa declined the prayer following opposition to the application by Access Bank through its counsel, Mr. Kunle Ogunba, SAN. Access Bank, the plaintiff/respondent in the suit, recently secured the ex-parte Mareva Injunction from the court to shut Seplat’...

The Joint Admissions and Matriculation Board (JAMB) has said that a waiver might be granted to candidates who were yet to acquire a SIM card and want to register for the examinations. This is coming after it reiterated that the use of a National Identification Number (NIN) is mandatory for the 2021 Unified Tertiary Matriculation Examinations (UTME) and Direct Entry registration. According to a report from the News Agency of Nigeria (NAN), this disclosure on the requirements was made by the Regi...