Stallion Group Challenges Court Judgment, Files Appeal and Stay of Execution

Stallion Group has filed an appeal against the judgment delivered by the Federal High Court, Lagos, on October 16, 2026, in Suit No. FHC/L/CS/2074/2023: UBA Plc and Ors v. Stallion Nigeria Limited & Others. The judgment arose from a commercial dispute initiated by UBA Plc in 2023. According to a statement by Abdulsalam Gaffar Olatokunbo, Stallion Group disagrees with the decision and has filed a Notice of Appeal at the Court of Appeal, along with a stay of execution pending the hearing and determination of the appeal. The Group said it has confidence in the appellate courts and will continue to respect the judicial process.

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