UBA Debt Recovery Against Stallion Group

United Bank for Africa secured a significant legal victory in its ₦156 billion debt recovery case against the Vaswani brothers and Stallion Group. The Federal High Court upheld UBA's claims and affirmed the appointment of a Receiver/Manager to oversee the recovery process.

UBA Plc won a court ruling in its debt recovery case against Stallion Group, with the Federal High Court upholding the bank's receiver-manager's authority and the liability of guarantors. The court dismissed objections from Barbedos Ventures Limited regarding the mortgaged proper

United Bank for Africa secured a favorable judgment from the Federal High Court in Lagos regarding a N156 billion debt dispute with Stallion Group and the Vaswani brothers. The court upheld the appointment of a Receiver/Manager and affirmed UBA's rights over mortgage securities.

UBA secured a favorable judgment against Stallion Group and the Vaswani brothers over a N156 billion debt. The Federal High Court upheld the appointment of Romeo Ese as Receiver/Manager and affirmed UBA's right to enforce mortgage securities related to the debt.

The Federal High Court in Lagos upheld UBA's appointment of a receiver to recover N156.03 billion owed by Stallion Group, restraining defendants from diverting government payments. The court affirmed UBA's mortgage rights and the authority of receiver Romeo Ese.