N156bn debt: Court hands UBA major victory against Stallion Group, Vaswani Brothers

A court has handed United Bank for Africa a major victory against Stallion Group and Vaswani Brothers over a N156 billion debt. The court held that the defendants did not dispute their indebtedness to UBA but contested the amount owed. It further ruled that the reconciliation of accounts between the parties did not extinguish the debt. The ruling favors UBA in the legal dispute.

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