Stallion Group has filed an attraction in opposition to a Federal High Court judgment delivered in Lagos on Friday, in a business dispute involving United Bank for Africa (UBA) Plc.
The attraction issues Suit No. FHC/L/CS/2074/2023, UBA Plc & Ors v. Stallion Nigeria Ltd & Ors, which arose from a business dispute initiated by UBA in 2023.
An announcement signed by Abdulsalam Gaffar Olatokunbo on behalf of Stallion Group on Friday mentioned it disagreed with the courtroom’s resolution and believed there have been grounds for appellate overview.
“Having reviewed the judgment with its legal advisers, the Group considers that there are strong grounds for appellate review and is determined to pursue its rights through the courts,” the assertion mentioned.
The group disclosed that it had filed a Notice of Appeal on the Court of Appeal, alongside an software for a keep of execution of the judgment pending the listening to and dedication of the attraction.
Stallion Group mentioned it will pursue the attraction whereas respecting the judicial course of.
“The Group has confidence in the appellate courts and in their ability to consider the issues raised on appeal,” it added.
The firm additionally assured its workers, prospects, enterprise companions and different stakeholders that its operations remained ongoing regardless of the authorized dispute.
“The Group’s operations continue,” the assertion mentioned.
It urged stakeholders to depend on verified info quite than hypothesis or sensational studies, noting that the matter was now earlier than the appellate courtroom.
