Stallion Group Companies Remain Unaffected and Fully Operational

Stallion Group says the Federal High Court judgment obtained by United Bank for Africa (UBA) applies to Stallion Nigeria Limited and certain other companies involved in the case, not to the wider group. The companies concerned dispute the alleged debt and say the facility was adequately secured; Stallion Nigeria Limited has appealed and continues to engage with the bank. Other group companies that were not parties to the proceedings remain operational and have no obligations arising from the judgment. Haresh and Mahesh Vaswani were not parties to the suit and were not held personally liable to UBA.