Following its eight years legal battle with Ecobank Nigeria, Honeywell Flour Mills (HFMP) has been awarded N72.2 billion in damages by Justice Mohammed Liman of the Federal High Court, Lagos.
Justice Liman, who presided over the case, granted the requests of Honeywell Flour against Ecobank on Tuesday in the legal battle that started after the lender refused the manufacturer access to its accounts in 2015.
Honeywell Flour’s accounts were frozen in November 2015 when Ecobank secured an ex parte order, which was granted on the condition that the financial institution will compensate the former for harm or loss caused by the action.
