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Stallion Group appeals N156bn UBA debt ruling

Stallion Group has filed an appeal against a court decision that supported UBA's appointment of a receiver and manager in a debt dispute.

Stallion Group is challenging a court ruling that upheld UBA's appointment of a receiver and manager in a N156 billion debt recovery case. The group said in a statement on Friday that it strongly disagrees with the decision and will pursue the appeal with determination.

The dispute centres on UBA's move to appoint a receiver and manager as part of the debt recovery process. Stallion Group's appeal signals the group's intent to continue contesting the matter through the courts.