Stallion Group has filed an enchantment towards a Federal High Court judgment delivered in Lagos on Friday, in a business dispute involving United Bank for Africa (UBA) Plc.
The enchantment 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 court docket’s choice 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 willpower of the enchantment.
Stallion Group mentioned it could pursue the enchantment 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 staff, 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 data fairly than hypothesis or sensational reviews, noting that the matter was now earlier than the appellate court docket.
