UBA Claims Court Victory in N156 Billion Debt Dispute with Stallion Group

United Bank for Africa (UBA) Plc has secured a favourable judgment at the Federal High Court in Lagos in its long-running dispute with Stallion Group and the Vaswani brothers over an alleged N156.03 billion debt. Justice Daniel Osiagor ruled that the defendants did not dispute their indebtedness, only the amount owed, and upheld the appointment of Romeo Ese as Receiver/Manager, affirming his right to take possession of mortgaged property in Lagos, Port Harcourt, and Kano. The court also... Read more

  Economy   Oct 19, 2026   0   21  Add to Reading List
UBA Claims Court Victory in N156 Billion Debt Dispute with Stallion Group












United Bank for Africa (UBA) Plc has secured a favourable judgment at the Federal High Court in Lagos in its long-running dispute with Stallion Group and the Vaswani brothers over an alleged N156.03 billion debt. Justice Daniel Osiagor ruled that the defendants did not dispute their indebtedness, only the amount owed, and upheld the appointment of Romeo Ese as Receiver/Manager, affirming his right to take possession of mortgaged property in Lagos, Port Harcourt, and Kano. The court also...

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