• Court adjourns N5.5bn debt recovery suit against Otudeko

    Court adjourns N5.5bn debt recovery suit against Otudeko

    A Federal High Court in Lagos has fixed June 21, 2016 to rule on an application by Ecobank Nigeria Limited seeking to bar Anchorage Leisures Limited from accessing its funds in 20 banks over alleged N5.5bn debt.

    Anchorage Leisures Limited is owned by billionaire businessman, Dr. Oba Otudeko.

    The bank claimed that Anchorage and its sister companies – Honeywell Group Nigeria Limited and Honeywell Four Mills Plc – were indebted to it.

    It had on October 27, last year secured an order of […]