Justice Dehinde Dipeolu of the Federal High Court, Lagos, has ordered the United Bank for Africa Plc., (UBA) to immediately pay the Liquidator of Addy Finance & Investments Limited (in liquidation), the sums of N39,108,417 and $53,078.04, with pre-judgment interest at 20 per cent and post-judgment interest at 10 per cent yearly.
The court also directed the bank to deliver certified statements of account covering the period from November 2, 2021 (the commencement of the company’s winding up), to the date of the judgment.
The ruling, delivered on April 28, 2025 and obtained yesterday by The Guardian, followed an application by the Liquidator in the winding-up suit marked FHC/L/CP/1577/2021: Nduka Nwabuwa & 3 Ors v. Addy…
