Mr. Kunle Ogunba (SAN), counsel for Ecobank in the debt recovery saga with Honeywell, has dragged the law firm of Wole Olanipekun & Co. before the Chief Justice of Nigeria (CJN) and the Body of Benchers (BoB).

Ogunba urged the NJC & BoB to probe the firm and its founding partner, Chief Wole Olanipekun (SAN) for alleged court process abuse.

The insolvency expert made the allegations in a July 18 petition letter in the matter of “Shares belonging to Honeywell Group Ltd, Honeywell Flour Mills Plc, Anchorage Ltd, Siloam Global Services Ltd and Dr. Oba Otudeko in FBN Holdings Plc or any other entity”.

He accused Olanipekun of among others, “unprofessionalism/abuse of the final judgment of the Supreme Court” and “persistent and constant abuse of process of court”.

The letter also addressed to the Managing Director, FBN Holdings Ltd., claimed the law firm filed a fresh action to relitigate the matter of Honeywell’s debt already settled by the Supreme Court.

It referenced an exchange of letters between his firm, Kunle Ogunba & Associates and Wole Olanipekun and & Co.

The SAN said: “We have just been served a copy of correspondence of the 14th instant from the firm of Wole Olanipekun & Co. in response to ours of the 12th instant as regards the above subject.

“We are now convinced beyond all previous doubts that the highly esteemed law firm of Wole Olanipekun & Co. will palpably stop at nothing to despoliate the final judgment of the Supreme Court in a dispute that raged for the better part of eight years as would be shown anon, particularly in the light of the “fresh action” {in SUIT NO. FHC/L/CS/352/2023} it has filed at the Federal High Court, in Lagos to palpably relitigate the same subject matter.

“Clearly, the response of the firm of Wole Olanipekun & Co. has departed from its previous position that the Supreme Court could not have, and, indeed, did not grant an award claim in favour of the bank and has unilaterally codified a phantom unanimity of position that an entity and personality who undoubtedly guaranteed the facilities are not parties before the court and that a certain figure was never mentioned when the Supreme Court held that the ‘Debtor must pay all the debts that have accrued under the loan contract’.

“Indeed, if that position is true for all intents and purposes, the question is why the necessity for a ‘fresh action’ on behalf of the judgment debtors necessitating a counter-claim on our part?”

According to the lawyer, “If the preposition of the counsel to Honeywell Group and its cronies are allowed to stand it means there will not be an end to a litigation of a contract between parties enumerating figures…”

He argued that a careful analysis of the claim as presented in the “fresh action” shows “vividly that the new action at the lower court is a frontal attack on the Supreme Court judgment because while the Supreme Court has previously held (at page 39 of its judgment) that: ‘The Respondent being the owner of the money dues as debts from the Appellants can decide to waive its right to recover all the debts due to it from each Appellant. But it cannot be compelled to waive a contractual right.

“However, by the fresh action filed, the Appellants as Plaintiff now seek an order that the owner (the bank) can be so compelled contrary to the binding decision of the Supreme Court, the highest Court in the land which found as a matter of fact that as of the 17th day of January 2014, the sum of N3,1116,731,061.07 remains outstanding which is more than the=N2b the Plaintiff admitted as due and owing.”

But Olanipekun, who said he had received Ogunba’s nine-page letter, disagreed with its contents, saying Ogunba had failed to largely controvert the substance of the succinct points of his letters of July 10 and 14, 2023.

Olanipekun said: “We do not agree with the contents of the said letter and reiterate the succinct points in our letters of 10th July 2023 and 14th July 2023, the substance of which have been largely undenied; especially as enumerated in our letter of 14th July 2023.

“Please be further advised that by a judgment delivered by the Federal High Court on 18th July 2023, in Suit No: FHC/L/CS/1554/2018 – Honeywell Flour Mills PLC v. Ecobank Nig. Ltd., Ecobank is a judgment debtor to Honeywell Flour Mills PLC in the definite sum of N72,291,990,705 expressly contained in the said judgment.” (The Nation)

Update news