Royal Times of Nigeria.
  • News
    • Politics
    • World
  • Opinions
    • Editorial Opinion
    • Advertorial
  • Metro
  • Lifestyle
  • Foreign
  • Sports
  • Editorial Policy
TRENDING
Ilorin rainstorm: 2300 victims to get Kwara govt...
Gov Inuwa Inaugurates Governing Council of Gombe Varsity,...
29 Kwara lawmakers declares support for Samari as...
Birthday: Sen. Rafiu Celebrates Saheed Popoola At 50
Title doesn’t make Gov. AbdulRazaq a leader, his...
Kwara Gov launches 10-year agric transformation plan
Armed Forces Remembrance Day: Gombe Governor Leads Dignitaries...
 Gov AbdulRazaq seeks support for families of fallen...
KWARA GOVT WARNS AGAINST WASTE DISCHARGE TO ASA-DAM...
Pro-AbdulRazaq APC Elders, Chieftains Embrace Samari, Calls Opposing...
KWARA 2023: APC Ward Secretaries Drum support for...
AbdulRazaq govt flags off asphalt upgrade, maintenance of...
Community Policing: Traditional Rulers Have Constitutional Role to...
The Thrumming Trump in a Traumatic Trance
Shao Community Lauds Gov AbdulRazaq on Road Construction

Royal Times of Nigeria.

Banner
  • News
    • Politics
    • World
  • Opinions
    • Editorial Opinion
    • Advertorial
  • Metro
  • Lifestyle
  • Foreign
  • Sports
  • Editorial Policy

N500m suit: Abike Dabiri-Erewa, Diamond Bank, agree to settle out of court

written by Samuel Etuk February 5, 2016
N500m suit: Abike Dabiri-Erewa, Diamond Bank, agree to settle out of court

A former House of Representatives’ member, Abike Dabiri-Erewa, along with Diamond Bank, on Thursday, February 4, agreed to pursue an out of court settlement in her lawsuit against the bank.Dabiri-Erewa

Dabiri-Erewa had on August 6, 2015, dragged the bank to court in a N500m suit for publishing her name among the list of chronic debtors who had refused to liquidate their debts.

The report, allegedly published by Punch, claimed that Dabiri-Erewa owed the bank about N122m. Diamond Bank had published her picture as a Director of Thriller Endeavors.

The former lawmaker has remained adamant, saying she has never heard of the company. She insisted that the publication is false and it has subjected her to public ridicule and embarrassment.

In a suit filed before a Lagos High Court, sitting in Igbosere, Lagos Island, she also listed the Punch Newspapers Limited as the second defendant. When the matter came up for hearing on Thursday before Justice Abdulfattah‎ Lawal, the counsel to Diamond Bank, Chuka Agbu SAN, told the court of the moves to settle the matter out of court. He then urged the court to adjourn the matter to enable the parties conclude discussions on the process.

Outside the court, Counsel representing Punch Newspapers, Clement Onwuenwunor, said the paper is not part of the settlement talks as it has indemnity from the bank for its publication.

Counsel representing Dabiri-Erewa, Ademola Fadipe, said they were optimistic that the settlement talks will be agreeable to all parties. Justice Lawal has adjourned the matter till March 10, for a report of the settlement.

Join our twitter community :

Follow @royaltimesng
0 comment
0
Facebook Twitter Google + Pinterest
Samuel Etuk

Passionate unapologetic Nigerian, highly spontaneous, web content writer cum social media strategist, gidi hustler and Akwa-ibomite in diaspora

previous post
BVN exposes 23,306 ‘ghost workers’ on Fed Govt payroll
next post
APC National Chairman, Oyegun denies calling for the probe of Supreme Court Judges over their ruling on Rivers state

Leave a Comment Cancel Reply

Facebook
  • Orisabunmi’s death, end of an era: Kwara Governor

    January 6, 2021
  • ‘Chadwick Boseman role will not be recast in Black Panther 2’

    December 11, 2020
  • Burna Boy And Wizkid To Perform At The Livespot X-Clusive Concert

    December 10, 2020
  • Davido loses personal bodyguard of over 11 years

    December 9, 2020
  • Odemwingie apologize to Kanu & Amara

    December 9, 2020
  • Kwara United Shocks Plateau United Away As NPFL Returns

    December 28, 2020
  • Arsenal’s Europa League youngsters could start in the league ― Arteta

    December 11, 2020
  • Neymar makes stand against racism

    December 10, 2020
  • Italy’s World Cup hero Paolo Rossi dies at 64

    December 10, 2020
  • WAFU tourney: Flying Eagles tackle Ghana for s’final spot

    December 9, 2020
  • Facebook
  • Twitter
  • News
    • Politics
    • World
  • Opinions
    • Editorial Opinion
    • Advertorial
  • Metro
  • Lifestyle
  • Foreign
  • Sports
  • Editorial Policy

@2017 -Royaltimes of Nigeria. All Right Reserved.