United Bank for Africa (UBA) Plc has secured a significant legal victory in its N156 billion debt recovery proceedings against Indian billionaire Sunil Vaswani-led Stallion Group, following a court judgment which upheld the Bank’s position on all issues submitted for determination. In a sweeping decision delivered by Justice Daniel Osiagor of the Federal High Court sitting in Ikoyi, Lagos on Friday, the court granted all the reliefs sought by UBA, affirming the validity of the appointment of a Receiver/Manager, the enforceability of the mortgage security and the liability of the…
Read MoreN156BN DEBT RECOVERY CASE: UBA FLOORS VASWANI BROTHERS IN COURT
