Ecobank launches suit to stop Oba Otudeko, others from selling shares in FBN Holdings

Ecobank Nigeria Limited, the local subsidiary of Lomé-based Ecobank Transnational Incorporated, has initiated a legal action against Barbican Capital Limited, an affiliate of Honeywell Flour Mills.

The lender in a court paper dated 3 April 2025 sought an order of interim injunction from the Federal High Court Lagos, restraining Barbican and seven others from “taking any steps to amortize, dematerialize, compromise, sell, transfer or deal with the 6,314,116,229 collective…