The court had restrained financial institutions in Nigeria from releasing funds to the company owned by Nduka Obaigbena, Chairman of Arise and publisher of ThisDay Newspapers.
General Hydrocarbons Limited (GHL) yesterday said it does not owe First Bank of Nigeria Limited $225 million.
It faulted the Mareva injunction granted by Justice Deinde Dipeolu of the Federal High Court in Lagos based on an application by First Bank and FBNQuest Trustees Limited.
Also barred were the accounts of Efe Damilola Obaigbena and Olabisi Eka Obaigbena (first to fourth defendants), who are GHL directors.
But, in a statement by its Director of Strategy and Operations, Abdelmuizz Bello, GHL accused First Bank of abuse of the court process.
#naijafront
Otedola, Obaigbena fight dirty over alleged First Bank $225 debt
The court had restrained financial institutions in Nigeria from releasing funds to the company owned by Nduka Obaigbena, Chairman of Arise and publisher of ThisDay Newspapers.
General Hydrocarbons Limited (GHL) yesterday said it does not owe First Bank of Nigeria Limited $225 million.
It faulted the Mareva injunction granted by Justice Deinde Dipeolu of the Federal High Court in Lagos based on an application by First Bank and FBNQuest Trustees Limited.
Also barred were the accounts of Efe Damilola Obaigbena and Olabisi Eka Obaigbena (first to fourth defendants), who are GHL directors.
But, in a statement by its Director of Strategy and Operations, Abdelmuizz Bello, GHL accused First Bank of abuse of the court process.
Peoplesmind
