ADVERTISEMENT
  • The Membership Club
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Tuesday, April 20, 2021
Premium Times Nigeria
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
Court awards N400million against Dantata

Court awards N400million against Dantata

byPress Release
August 12, 2015
1 min read

RelatedNews

Police kill 3 bandits, recover 330 animals in Katsina – Official

Police rescue teenage girl ‘confined’ 10 years by parents

Paris Club Refund: NGF writes finance minister over suspicious N159 billion judgment debts

Apprehension in Zamfara communities after deadly bandits attack

ADVERTISEMENT

The High Court of Lagos State sitting at Igbosere, Lagos, has awarded the sum of N400,000, 000 (Four Hundred Million Naira) against businessman Abdu Garba Dantata, in favour of Lotus Capital Limited.

The order was contained in a judgement delivered by Justice Beatrice Oke-Lawal on July 21.

Lotus Capital said it sued Mr. Dantata at the Lagos High Court in suit no LD/1076/2013 over his failure to honour a guarantee he issued on behalf of AMS Logistics Limited, a company owned by his cousin, Kafilu Baba, to support a lease finance facility granted AMS Logistics Limited by Lotus Capital.

AMS Logistics Limited defaulted on the facility and the guarantee crystallised.

According to Lotus Capital, it served several demand notices on Mr. Dantata, but he failed to indemnify Lotus Capital for the guaranteed sum.

The Court also granted a post-judgement interest at 10 per cent per annum on the judgement debt until it is finally liquidated.

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: To advertise here . Call Willie +2347088095401...


JOIN THE CONVERSATION

  • Disqus (0)
premiumtimes



PT Mag Campaign AD

Previous Post

NUC orders Plateau Governor to reinstate sacked VC  

Next Post

78-year old man in court for allegedly raping 11-year-old

Press Release

Press Release

More News

Floor of Stock Exchange

Nigerian stocks climb higher on MTN, UAC, FCMB gains

April 19, 2021
Naira notes used to illustrate market trading

Naira gains at official market

April 19, 2021
United Bank for Africa (UBA) building used to illustrate the story

UBA’s first quarter profit expands by 25% on higher interest earnings

April 19, 2021
Nigeria Customs intercepts container of jollof rice, yam porridge, egusi from India

Jollof rice ‘inflation’ rises 7.8% in March

April 19, 2021
Access Bank

Access Bank enters pact to buy majority interest in Botswana bank

April 19, 2021
Maps showing Niger Delta States [PHOTO CREDIT: Nigerian Infopedia]

How job opportunities can solve Niger Delta unrest – Group

April 18, 2021
Next Post
Courtroom used to tell the story.

78-year old man in court for allegedly raping 11-year-old

FRSC route commander launches book on road safety public enlightenment

Discussion about this post

Search

#EndSARS: Latest Updates




Polaris Bank


JAIZ Ad


Explore Akwa Ibom Ad


Explore Akwa Ibom Ad


Access Bank Ad


NITDA Ad





Glo Ad

Subscribe to News via Email

Enter your email address and receive notifications of news by email.

Join 1,654,479 other subscribers.

Advertisement






netherland biz school Advert



Zenith Advert

ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • Opinion
  • PT Hausa
  • The Membership Club
  • Dubawa
    • Dubawa NG
  • About Us
    • Advert Rates
  • Careers
  • Contact Us
  • Digital Store
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.