The Bank’s papers filed before the court shows that Dana Motors is indebted to the Bank on a contract for the supply of vehicles for which Dana Motors has refused to pay, according to a statement by the management of the Bank.
The statement reads: “The Plaintiff claims against the defendant the sum of N221,893,690.44 being the outstanding indebtedness of the Defendant as at March 2023 which is due and payable to the Plaintiff arising from a vehicle sale transaction between the Plaintiff and the Defendant. The plaintiff also claims interest, as well as general damages.
