Stallion Team has filed an attraction towards a Federal Top Court docket judgment delivered in Lagos on Friday, in a business dispute involving United Financial institution for Africa (UBA) Plc.
The attraction considerations Swimsuit No. FHC/L/CS/2074/2023, UBA Plc & Ors v. Stallion Nigeria Ltd & Ors, which arose from a business dispute initiated by means of UBA in 2023.
A observation signed by means of Abdulsalam Gaffar Olatokunbo on behalf of Stallion Team on Friday mentioned it disagreed with the court docket’s determination and believed there have been grounds for appellate evaluation.
“Having reviewed the judgment with its prison advisers, the Team considers that there are sturdy grounds for appellate evaluation and is decided to pursue its rights throughout the courts,” the observation mentioned.
The crowd disclosed that it had filed a Understand of Enchantment on the Court docket of Enchantment, along an software for a keep of execution of the judgment pending the listening to and backbone of the attraction.
Stallion Team mentioned it will pursue the attraction whilst respecting the judicial procedure.
“The Team has self assurance within the appellate courts and of their talent to believe the problems raised on attraction,” it added.
The corporate additionally confident its workers, shoppers, industry companions and different stakeholders that its operations remained ongoing in spite of the prison dispute.
“The Team’s operations proceed,” the observation mentioned.
It prompt stakeholders to depend on verified data quite than hypothesis or sensational experiences, noting that the topic used to be now sooner than the appellate court docket.