The United Bank for Africa (UBA) Plc has taken over the assets of Stallion Nigeria Limited and its subsidiaries in Lagos, Port Harcourt and Kano following an order of the Federal High Court in Lagos, over an alleged N156,026,032,804.84 (billion) debt. The bank’s receiver-manager Romeo Michael and court bailiffs protected by the police on Friday, October 10, in the three cities, executed the interim orders made by Justice Akintayo Aluko on October 20, 2023. The judge made the order after hearing Temilolu Adamolekun, who appeared with Mohammed Usman, move the…
Read MoreUBA TAKES OVER STALLION’S LAGOS, PORT HARCOURT, KANO ASSETS OVER N156B DEBT
