Honeywell begs court to vacate Ecobank order

Oba Otudeko Chairman Of Honeywell Flour Mills Plc

A Federal High Court sitting in Lagos on Monday fixed December 4 for ruling on whether to vacate the ex-parte order it made freezing the assets of Honeywell Flour Mills Plc over its indebtedness to Ecobank Nigeria Plc.

The court presided over by Justice M. Yunusa, had following an ex-parte application by the bank counsel, Mr. Kunle Ogunba, SAN, restrained chairman Honeywell, Dr. Oba Otukedo, his agents or privies from tampering with, alienating, transferring or otherwise dissipating, appropriating the company fixed and movable assets, property, machinery, tools of trade or other assets, however described and called, particularly those at 6B,Mekunwen Road, Off Oyinkan Abayomi Drive, Ikoyi, Lagos and at NPA Premises, 2nd Gate Bye-Pass, Tin-Can Island Port, Apapa and other traceable / identifiable assets in the name and / or possession of the company pending the hearing and determination of the application for the appointment of a provisional liquidator in furtherance of the petition as herein presented.

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