Wole Olanipekun & Co, the legal representatives of Dr. Oba Otudeko, have urged FBN Holdings to disregard a petition presented by Ecobank's lawyers, which calls for the rejection of 4.7 billion shares acquired by the entrepreneur.
In a letter issued on Wednesday, the law firm refuted Ecobank's claims that a Supreme Court judgment supported their position that Otudeko owed them a sum of N13.5 billion.
The letter stated, "The amount of N13,507,052,417.99 (thirteen billion, five hundred and seven million, fifty-two thousand, four hundred and seventeen naira, ninety-nine kobo) mentioned in Ecobank's letter was not mentioned in the Supreme Court decision or any existing court decision in Nigeria or elsewhere."
Further details will be provided at a later time.
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