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Ecobank Nigeria to Appeal Honeywell’s Purported N72 Billion Court Judgement

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Ecobank Nigeria to Appeal Honeywell’s Purported N72 Billion Court Judgement

Ecobank Nigeria to Appeal Honeywell’s Purported N72 Billion Court Judgement

 

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Ecobank Nigeria Limited says it will appeal a judgment by the Federal High Court in Lagos, presided over by Hon. Justice Liman, which delivered a judgment in favour of Honeywell Flour against the bank and ordered it to pay the sum of N72 billion. The bank said it believes that the judgment is perverse and cannot stand the test of time. It also noted that it would vigorously challenge the same, and remain confident that it can reverse this judgment at the higher courts.

 

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Sources from the bank stated that the instant suit was an action filed in 2018 for the enforcement of the Bank’s Undertaking as to Damages which was filed in pursuance of its Winding Up Petition and the Ex-Parte Orders which were granted in favour of the Bank.

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“We challenged the action through a Notice of Preliminary Objection dated 16th October, 2018 whereby we challenged the jurisdiction of the Federal High Court, as (among other reasons), the action did not fall within the provisions of Section 251 (d) of the Constitution, being that the subject matter of the suit was for the Claim of Damages arising out of an Ex-Parte Order, as opposed to a Banker-Customer relationship. Trial was concluded in this matter on 9th March 2021 and the parties adopted their final written addresses alongside our Notice of Preliminary objection on 16th March 2022, the Court then adjourned the matter to 27th May 2022 for judgment. While the court failed to deliver judgment on the said date, the registrar of the court promised to inform counsel whenever the judgment was ready”.

 

Ecobank Nigeria to Appeal Honeywell’s Purported N72 Billion Court Judgement

 

 

“In the wake of the Supreme Court’s decision in the Bank’s favour, in Suit No. SC/CV/210/2021 which was delivered on 27th January 2023, the bank further filed a Motion on notice dated 9th March 2023 to dismiss the Suit on the grounds that the same has become academic as a result of the judgment entered in favour of Ecobank wherein the Supreme Court held that Honeywell remained indebted to the Bank. The Court heard a motion dated 9th March 2023 and adjourned to 23rd June 2023 for ruling on our two applications and also for delivery of judgment. The Court consequently delivered the said ruling/judgment today July 18 via a virtual proceeding at about 4pm. In its Judgment, the Court dismissed the two applications we filed, holding that it has jurisdiction to entertain the suit and also that the suit had not become academic”.

 

According to the bank, In reaching its judgment, the Court ignored/refused (among others): Submissions showing that the Ex-Parte Orders were discharged on points of law and not that it was frivolously obtained by the Bank; that the Ex-Parte Order lasted for less than 2 weeks, contrary to the Claim of Honeywell which was said to have covered the period of three years; that the documents presented by Honeywell particularly the annual returns did not show the alleged damage, hence same was indeed non-existent; that documents from various other Banks who were served with the ex-parte order showed that the Honeywell companies were indeed highly indebted to them, hence there was no way the Ex-Parte Orders would have frozen funds in the said Banks; and more importantly, the Court refused all the objections regarding the documents maliciously prepared by Honeywell for the sole purpose of instituting the Suit and claiming unjustifiable sums from the Bank.

 

The bank reiterated that it is a member of the Ecobank Group, the Pan-African Bank which is proudly and fully committed to transparency in all the countries where it operates, and abides by laws and regulations. It believes that this matter should be conclusively determined in line with the applicable judicial process.

 

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Aviation Minister Explores Partnerships at Future Aviation Forum in Riyadh

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Aviation Minister Explores Partnerships at Future Aviation Forum in Riyadh

 

 

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The Honourable Minister of Aviation and Aerospace Development, Festus Keyamo SAN CON FCIarb (UK), is actively engaging with Middle East aviation leaders at the ongoing Future Aviation Forum in Riyadh, Saudi Arabia. Hosted at the prestigious King Abdulaziz International Conference Center (KAICC), the forum marks a pivotal moment for global aviation collaboration.

At the behest of His Excellency Jassim Saif Ahmed Al-Sulaiti, Minister of Transport of the State of Qatar, and His Excellency Saleh Al-Jasser, Minister of Transport and Logistics of the Kingdom of Saudi Arabia, the Aviation Minister convened on the sidelines to deepen ties between Nigeria and the Middle East in the realm of air transportation and logistics.

The third edition of the Future Aviation Forum, themed “Elevating Global Connectivity,” underscores the importance of fostering innovation, sustainable air travel, and cultural exchange. By bringing together leaders from the aviation sector and adjacent industries, the forum serves as a catalyst for knowledge exchange and business opportunities in a dynamic economic sector.

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Keyamo expressed gratitude to Minister Al-Sulaiti for his keen interest in Nigeria, affirming Nigeria’s openness to investment in civil aviation and other sectors of the economy. Emphasizing the importance of learning from Qatar’s success in airline operations, particularly exemplified by the global acclaim of Qatar Airways, the Minister sought collaboration to enhance Nigeria’s aviation sector.

A key proposal made by the Nigeria Aviation Minister involves encouraging Qatar Airways to patronize local catering services on its return trips to Doha from Nigeria. This initiative aligns with the principles of reciprocity outlined in the Bilateral Air Services Agreement (BASA) and aims to stimulate Nigeria’s local economy.

As the Future Aviation Forum continues until May 22, 2024, the Minister remains committed to forging strategic partnerships that will elevate Nigeria’s aviation industry on the global stage.

 

Aviation Minister Explores Partnerships at Future Aviation Forum in Riyadh

Tunde Moshood
SA Media and Communications to the Honourable Minister of Aviation and Aerospace Development

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Primate Ayodele’s Prophecy On Chad Presidential Election Comes To Pass

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Primate Ayodele’s Prophecy On Chad Presidential Election Comes To Pass

 

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The Leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele has yet again been celebrated for the fulfillment of his prophecy on the just concluded Chad presidential election.

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The election saw the incumbent head of state, Idriss Deby becoming victorious.

Chad’s state election body said interim President Mahamat Idriss Deby won the 6 May presidential election outright with over 61 per cent of the vote, citing provisional results, even as his main challenger declared himself the winner.

This is in fulfillment of Primate Ayodele’s prophecy which he repeatedly shared about the outcome of the presidential election. Several prophecies of Primate Ayodele about Chad have come to pass already and the victory of Idriss Deby is just an addition to them.

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Most recent of his prophecy regarding the election was the one he shared earlier this month, a few days about the election making it known that the interim leader would win the election but there will be more issues to contend with in his administration.

Just like in his previous prophecies, Primate Ayodele assured Deby of victory in the election but warned him to be careful of attacks and attempt to truncate his government.

These were his words

‘’In Chad, Idriss will win the election but there will be a gang up against him. There will be attempts to truncate his government, despite the fact that his government will have international backings. He has good intentions but there will be complications politically.’’

In earlier prophecies, Primate Ayodele revealed that the election would favor the interim leader and that some opposition leaders would be disqualified from participating in the election. The prophet’s prophecy came through with the barring of some candidates.

‘’Chad: there will be political rowdiness, they will want to disqualify some candidates and there will be electoral violation. Mahamat Idriss Deby Itno will still have an edge except there’s a coalition. He will have an edge over other candidates. They should pray against the crisis during and after the election. New terrorist will come up in Chad, they will face a bigger security challenges.’’

Also, in a video interview, the prophet advised an opposition candidate, Succes Masra not to waste his money because the ruling party will win.

‘’Idriss will win, I am seeing Masra Succes wasting his money and energy, the ruling party will win’’

@primateayodele

#chad #chadtiktok🇹🇩 #idrissdeby #election #electionresult #fulfillment #prophecyfulfilled #chadian #deby #capcut #fyp #primateayodele #iescworldwide

♬ original sound – Primate Ayodele

Obviously, the election outcome has fulfilled the prophecy of Primate Elijah Ayodele.

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Olokun: What you need to know about Olokun*

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*Olokun: What you need to know about Olokun*

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Can we meet you ma?

I am Princess Latifat Wuraola Momodu , I am Yeye Olokun Agbaye

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Thank you Queen Mother!

Please can you tell us about Olokun ?

Let me introduce who Olokun is to you!
The name OLOKUN is derived from the word “OLO” meaning “OWNER” and “OKUN” meaning “OCEAN “.The ALMIGHTY GOD is the creator and owner of the ocean but placed a powerful Angel in charge(the head of the ocean who worships the most High GOD,the ALMIGHTY GOD and the GOD of the Universe OLODUMARE, OSANOBWA, CHINEKE,UBANGIDI,OGHENEetc.At the beginning of the creation of the world GOD created Okun(Ocean)n GOD rested in it.It is a miracle, powerful and healing water.GOD gave the Angel incharge unmatchable wisdom.He made Her govern over dreams, wealth, prosperity,meditation and healing.
GOD gave the Angel authority over all the water on earth.Infact because of the authority given to her by GOD ALMIGHTY She can transmit good health, wealth and prosperity to GOD s followers(those who worship only GOD ALMIGHTY )and members of Olokun faith(Olokun 1 members).
The light of GOD ALMIGHTY is in the Ocean,that is why so many people worship HIM in front of the Ocean.We Olokun 1 members believe in one GOD and we do not worship idols.GOD demands men to worship and esteem HIM as the only one and true GOD.D Angel/ruler/Queen of the Ocean worship s GOD who placed her there.In the olden days because of lack of education and civilization,the people who called themselves OLOKUN worshipers could not really pass a proper divine message about OLOKUN (GOD ALMIGHTY)to the people.They saw the amazing power of the Ocean as GOD’S n called it name an African word for GOD(OLOKUN).They were actually worshiping GOD in a way they understood it.l am the one sent by the ALMIGHTY GOD to pass a message to the world that we should worship only one GOD,the ALMIGHTY through OLOKUN faith or others.

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Thank you Queen Mother for this teaching, we believe alot of people will know more now ma!

 

Olokun: What you need to know about Olokun*

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