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Nairaland Forum / Nairaland / General / Business / Court Awards Honeywell ₦72.2 Billion Damages Against Ecobank (18991 Views)
Court Awards Honeywell N72.2 Billion Damages Against Ecobank / Court Awards ₦200 Million To Yobe Girl Electrocuted By MTN Cable / Nigerian Court Awards $10 Million Damages Against Shoprite For Contract Breach (2) (3) (4)
Re: Court Awards Honeywell ₦72.2 Billion Damages Against Ecobank by Rechargeam247(f): 8:04am On Jul 21, 2023 |
Big businesses and debts ehn. |
Re: Court Awards Honeywell ₦72.2 Billion Damages Against Ecobank by tamdun: 8:04am On Jul 21, 2023 |
FOOTSOLDIER2:Baba to bí ẹ lomo loponu 3 Likes 1 Share |
Re: Court Awards Honeywell ₦72.2 Billion Damages Against Ecobank by Angelfrost(m): 8:04am On Jul 21, 2023 |
That's brutal... Some serious setback for the poor bank! Their lawyers still got rich in the process... Shame! 2 Likes |
Re: Court Awards Honeywell ₦72.2 Billion Damages Against Ecobank by DeLaRue: 8:05am On Jul 21, 2023 |
Poor business and legal risk management on Ecobank's part. The freezing order came with an unquantified open-ended financial risk, yet Ecobank proceeded with obtaining the order. Did Ecobank's lawyers not draw the bank's attention to the risk, or did it ignore advise. They are likely to have the N72 billion reduced on appeal, but the whole judgement is unlikely to be overturned unless there are matters of law that we do not yet know about. 3 Likes |
Re: Court Awards Honeywell ₦72.2 Billion Damages Against Ecobank by GloriousGbola: 8:07am On Jul 21, 2023 |
Ikaeniyan0: They need to start putting clauses in directors and ceos contracts. The ediats that signed off on this are long gone and their successors are stuck with the mess. 4 Likes |
Re: Court Awards Honeywell ₦72.2 Billion Damages Against Ecobank by Savechild23: 8:09am On Jul 21, 2023 |
They can’t pay |
Re: Court Awards Honeywell ₦72.2 Billion Damages Against Ecobank by Dbestbrest: 8:10am On Jul 21, 2023 |
Acekidc4: Read this from the judgement given in favour of Ecobank "Ecobank had been granted an ex parte order to freeze Honeywell’s accounts in an attempt to wind up the company over its liabilities to the bank. The ex parte order was granted with the condition that Ecobank would indemnify Honeywell’s over any losses." Ecobank did not indemnify Honeywell during the period they freeze Honeywell account, hence, the reason why Honeywell went to bank to get judgement in their favour 3 Likes |
Re: Court Awards Honeywell ₦72.2 Billion Damages Against Ecobank by happney65: 8:11am On Jul 21, 2023 |
Ikaeniyan0: Otudeko won't pay Shit. That Man wey no dey pay him gbese. 5 Likes |
Re: Court Awards Honeywell ₦72.2 Billion Damages Against Ecobank by eldoradoxx: 8:11am On Jul 21, 2023 |
These days in Nigeria, judgements are bought and sold just as you buy roasted corn on the road. 2 Likes |
Re: Court Awards Honeywell ₦72.2 Billion Damages Against Ecobank by Nobody: 8:14am On Jul 21, 2023 |
I thought the matter has been settled at the Supreme Court, Biko Investors are not politicians(lawyers should stop giving false hope), I see this as a delay tactics not to execute the Judgement and I wonder if the Judge that gave this order is Ignorant of the Supreme Court Judgement .. the NJC need to see and look at the merit and demerit of this order. Better still they should reach an amicable settlement. |
Re: Court Awards Honeywell ₦72.2 Billion Damages Against Ecobank by Nobody: 8:14am On Jul 21, 2023 |
These people realy want to shutdown ecobank. Very unfair judgement |
Re: Court Awards Honeywell ₦72.2 Billion Damages Against Ecobank by Kukutenla: 8:15am On Jul 21, 2023 |
Xammie001:He's not using any emotions. He's just a zombie who lacks ability to read and understand 1 Like |
Re: Court Awards Honeywell ₦72.2 Billion Damages Against Ecobank by justking(m): 8:16am On Jul 21, 2023 |
Re: Court Awards Honeywell ₦72.2 Billion Damages Against Ecobank by LollyP94(m): 8:16am On Jul 21, 2023 |
Calabar1stSon:Lol, says who? It's a commercial bank bro. Not owned by Nigeria government. |
Re: Court Awards Honeywell ₦72.2 Billion Damages Against Ecobank by IamANigerianMan: 8:22am On Jul 21, 2023 |
reiddecuti:The problem is from Judiciary , how on Earth would you ordered a company to pay 72 billion for damage and you think the judgement would be obeyed even Eco bank sell all the asset it is not up to 72billion. The money in the bank are own by customers not Eco bank... Nigeria judiciary is becoming a laughing stock. 2 Likes |
Re: Court Awards Honeywell ₦72.2 Billion Damages Against Ecobank by CharleyBright(m): 8:24am On Jul 21, 2023 |
Ikaeniyan0: You are correct. At least you seem to know a little about the true picture around the case. Not like many people who are commenting foolishly without understanding or having any idea of the issues around the case. The fact is that the owner of Honeywell has simply bought judgement to enable him evade loan repayment as debt he owes ecobank. He can simply tell the bank to used monies from the court judgement as the loan repayment. Cunning people. 5 Likes |
Re: Court Awards Honeywell ₦72.2 Billion Damages Against Ecobank by Yankee101: 8:27am On Jul 21, 2023 |
You owe the bank money and don’t want to pay then you go to court shopping for judgements Very few real rich men in nigeria without corner corner 1 Like |
Re: Court Awards Honeywell ₦72.2 Billion Damages Against Ecobank by Beigalodesigns(m): 8:29am On Jul 21, 2023 |
FreeBiafra2018:Access bank did same to us a few days to acquire diamond bank back then ; |
Re: Court Awards Honeywell ₦72.2 Billion Damages Against Ecobank by RexTramadol1: 8:30am On Jul 21, 2023 |
Acekidc4: The story is crazy gan o. Person scam Ecobank ni |
Re: Court Awards Honeywell ₦72.2 Billion Damages Against Ecobank by PortHarcourtcit(m): 8:37am On Jul 21, 2023 |
Calabar1stSon:federal government bank or state government bank? |
Re: Court Awards Honeywell ₦72.2 Billion Damages Against Ecobank by PortHarcourtcit(m): 8:39am On Jul 21, 2023 |
FOOTSOLDIER2:the onus is not on you to speak for the Niger Delta people... So better rest... 3 Likes |
Re: Court Awards Honeywell ₦72.2 Billion Damages Against Ecobank by Weathered: 8:39am On Jul 21, 2023 |
Acekidc4:they can only get reduction of fine. Their lawyer got a kangaroo order in the form of ex parte. Now it has come back to roast them. 5 Likes |
Re: Court Awards Honeywell ₦72.2 Billion Damages Against Ecobank by NewDea4: 8:41am On Jul 21, 2023 |
Ikaeniyan0: How much be Judge share inside? |
Re: Court Awards Honeywell ₦72.2 Billion Damages Against Ecobank by Iselogunise: 8:46am On Jul 21, 2023 |
I laugh in Spanish. Did you just say government bank? Please, of which continent? Calabar1stSon: |
Re: Court Awards Honeywell ₦72.2 Billion Damages Against Ecobank by Buharidgeneral: 8:46am On Jul 21, 2023 |
So Honeywell should removed what is ownig Ecobank and pay the rest or vice versa. But wait oo why did Ecobank lawyer agreed to that terms. |
Re: Court Awards Honeywell ₦72.2 Billion Damages Against Ecobank by Cantonese: 8:47am On Jul 21, 2023 |
Acekidc4: Do not jump into comments just like that. You know nothing about this long standing issue. |
Re: Court Awards Honeywell ₦72.2 Billion Damages Against Ecobank by MrBroke(m): 8:51am On Jul 21, 2023 |
E go soon reach my turn |
Re: Court Awards Honeywell ₦72.2 Billion Damages Against Ecobank by Buharidgeneral: 8:51am On Jul 21, 2023 |
Dbestbrest: |
Re: Court Awards Honeywell ₦72.2 Billion Damages Against Ecobank by Acekidc4(m): 8:53am On Jul 21, 2023 |
Cantonese: Sorry Sir 🤐 |
Re: Court Awards Honeywell ₦72.2 Billion Damages Against Ecobank by wunmi590(m): 8:58am On Jul 21, 2023 |
Treasure17: 😆 how much do you have in the account, let me part of your legal team 🤣 |
Re: Court Awards Honeywell ₦72.2 Billion Damages Against Ecobank by Daniluv1(m): 9:04am On Jul 21, 2023 |
Funny enough na ecobank customers go still pay that money Una go soon begin see N10 debit steadily now |
Re: Court Awards Honeywell ₦72.2 Billion Damages Against Ecobank by Manna4Gurls: 9:07am On Jul 21, 2023 |
Acekidc4:Mechie onu. Anakogheri 🤕 Go do the research yourself if this 8yrs of judgement doesn't suit u |
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