Grapevine

Court hears Barbican, FBN N5.4bn shares dispute Oct 21

At the proceedings, counsel to Barbican Capital Limited, Bode Olanipekun (SAN), announced his appearance for the plaintiff, while Babajide Koku (SAN) appeared for FBN Holdings Plc, the first defendant.

The Central Bank of Nigeria was represented by Hakeem O. Afolabi (SAN), who had been joined as a party, and Kunle Ogunba (SAN) represented Ecobank Nigeria Limited, which is seeking to be joined in the suit.

During the hearing of the case, Afolabi (SAN) informed the court that at the last adjourned date, the court joined the Central Bank of Nigeria as a party to the suit.

He said,” We have filed our processes in defence of the suit, although slightly out of time, and I have an application for an extension of time to regularise them.”

Meanwhile, the other parties in the suit did not oppose his application, and the court granted it.