Global financial institution, United Bank for Africa (UBA) has urged Federal High Court in Lagos to halt sale of assets of a construction firm, Borini Prono and Nigeria Limited.
It approached the court to vary an order authorising a Receiver Manager, Michael Igbokwe, to sell the assets.
UBA made the disclosure in a public notice.
It said it told the court sitting in Lagos the order of January 11 was obtained by alleged “suppression and concealment of material facts.”
The bank said it had put on notice, persons considering purchasing the firm’s assets.
The assets include those at under Third Mainland Bridge, Lagos State and Borini Prono premises in Kaduna.
The notice reads: “This is to bring to attention of the public that United Bank for Africa (UBA) has approached Federal High Court sitting in Lagos in Suit FHC/L/CS/2628/2023 to vary the ex-parte court order of January 11 being relied upon by Michael Igbokwe, as a purported Receiver Manager of Borini Prono Nigeria Limited appointed by Union Bank. “The court order was obtained by suppression and concealment of material facts.
“UBA’s application is to restrain Michael Igbokwe from selling assets of Borini Prono, including but not limited to assets at under Third Mainland Bridge, Lagos State and Borini Prono premises in Kaduna.
“Anyone who buys any asset of Borini Prono from Michael Igbokwe, acting as purported Receiver for Union Bank on assets of Borini Prono does so at his or her own risk and in violation of the rule of law…’’
Credit: thenationonlineng.net
