Business

Honeywell Group Vs. Ecobank: Bank Insists Debt Must Be Paid

 

Ecobank Nigeria Limited says it would continue to strongly resist any attempt to use a frivolous N72 billion claim to derail it from continuing to pursue the recovery of monies owed and overdue for payment by Honeywell Group.

The bank, in a statement signed by management of the financial institution  said contrary to the picture being painted by Honeywell Group,  it is unhindered by the continued attempts to coerce the public into believing  that the Honeywell Group has fully paid its overdue debt.

The statement reads: “Ecobank’s attention has been drawn to several media reports stating that the Honeywell Group has filed a suit claiming damages against Ecobank in the sum of N72billion.

“We wish to state that Ecobank is unhindered by the continued attempts to coerce the public into believing that the Honeywell Group has fully paid its overdue indebtedness.

“It is noteworthy that Honeywell’s recent claim for damages was published and serialised in the news media even before the bank was served with the court papers, which clearly elicits the ‘motive’ of a party owing huge sums of money.  Indeed the purport of the matter is most curious especially as there are other pending matters in court which remain undecided.

“Ecobank is the Pan African bank with representation across 36 countries. The Ecobank Group supports various businesses in all the countries in which it operates while holding customer deposits in safe trust. In the same vein, Ecobank is resolute that the businesses it supports should also honour their obligations when due. This is the crux of the demand on the Honeywell Group to pay their debts in full.

“While the matters are in court, being a responsible corporate citizen, the bank reiterated its commitment in allowing due process to prevail in court rather than use the news media.

“Our resolve is to fight to ensure that debtors fully honour their obligations after benefiting from credit facilities which helped to grow their businesses.”

Sahara Weekly

Sahara weekly online is published by First Sahara weekly international. contact saharaweekly@yahoo.com

Recent Posts

“In All Life’s Hardships, Keep Your Smile” By Prudent Ludidi

"In All Life's Hardships, Keep Your Smile" By Prudent Ludidi Let's talk about a powerful…

38 minutes ago

Family Pleads With FG to save brother in South African prison

Family Pleads With FG to save brother in South African prison   The family of…

59 minutes ago

How Visiting US-based Nigerian bought nine drugs before death

How Visiting US-based Nigerian bought nine drugs before death   The Ogun State Police Command…

1 hour ago

Simon Ekpa Will Be Extradited To Nigeria To Face Charges

Simon Ekpa Will Be Extradited To Nigeria To Face Charges — Defence Headquarters Says The Nigerian…

1 hour ago

NEW BPP DG COMMITS TO EFFICIENCY AND STAFF WELFARE FOR IMPACTFUL SERVICE DELIVERY

NEW BPP DG COMMITS TO EFFICIENCY AND STAFF WELFARE FOR IMPACTFUL SERVICE DELIVERY* *_…begins review…

9 hours ago

Tinubu Has Plans To Change Nigeria — Doyin Okupe

Tinubu Has Plans To Change Nigeria — Doyin Okupe …It Will Take Two Years For…

19 hours ago