• Otudeko loses 10-year-old Lagos land tussle to Dangote

    Otudeko loses 10-year-old Lagos land tussle to Dangote

    According to reports, a Federal High Court in Lagos on Thursday dismissed a suit filed 10 years ago by Honeywell Group and its chairman, Dr. Oba Otudeko, seeking to eject billionaire businessman, Alhaji Aliko Dangote and his companies, from a piece of land known as Fifth Apapa Wharf Extension in Lagos.

    The said land, measuring over 10.841 square metres, is located at the Lagos Ports Complex.

    Otudeko and his company had urged the court to sack Dangote and his companies from the […]

  • 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 […]