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N5.5b Debt: Otudeko offers to testify In Honeywell vs Ecobank



Dr. Oba Otudeko, Chairman, Honeywell Group, through his lawyer, Bode Olanipekun, has indicated his readiness to testify in the ongoing matter between Honeywell Group and Ecobank.

A Federal High Court sitting in Lagos, on Wednesday, ordered personal service of a witness summons on the alter ego of Honeywell group Plc, Dr Oba Otudeko, to appear in court and give evidence, in relation to an alleged N5.5billion debt owed Ecobank Nigeria Plc.

However, Otudeko’s lawyer, Bode Olanipekun, had informed the court of the readiness of his client to appear on any date to provide evidence that will assist the court in determining the merits of evidence adduced by both parties when the Honeywell vs Ecobank matter (Suit No: FHC/L/CS/1219/2015) on Wednesday 7th February before Justice Idris of the Federal High Court, Lagos Judicial Division.

It will be recalled that at a hearing on the matter in June, 2017, Dr. Oba Otudeko had signified his interest in testifying in the suit.

However, instead of proceeding with the suit, Ecobank filed several applications seeking stay of proceedings.

In continuation of the hearing, Ecobank sought to move another application for stay of proceedings. But the trial judge after hearing the arguments of both parties dismissed the application with Honeywell Group’s lawyer, Bode Olanipekun, consequently praying the court to continue the hearing of the suit with the defendant (Ecobank) opening its case.

Justice Idris thereafter adjourned the matter to today, Thursday 8th February.