The Federal High Court in Lagos has ruled that Honeywell Flour Mills Plc. should receive N72.2 billion in damages for its long-running legal encounter with Ecobank Nigeria Limited, following the decision handed down by Justice Mohammed Liman.
Honeywell’s accounts had been frozen by Ecobank pursuant to an ex parte order that was given in an effort to wind up the company and resolve its liabilities to the bank. In exchange for the ex parte order, Ecobank agreed to compensate Honeywell for any losses.
