Union Bank of Nigeria acknowledges the latest judgment of Justice Abike Fadipe of the Ikeja
High Court within the matter involving Senator Jimoh Ibrahim, NICON Investment Limited, Global Fleet, and the Bank.
We want to guarantee our prospects, companions, and the general public that Union Bank operates with the
highest ranges of professionalism, moral conduct, and authorized compliance in all our dealings.
While we respect the authority of the courtroom, we strongly disagree with the judgment delivered and have instructed our attorneys to file an attraction towards it instantly.
The courtroom’s findings, together with its place on the consolidation of indebtedness, locus standi, and third-party legal responsibility, are at variance with established authorized rules and the Bank’s
understanding of the information. We are assured in our authorized place and intend to vigorously
pursue all lawful avenues to make sure that justice is served.
Union Bank had beforehand transferred the related debt obligations to the Asset Management Corporation of Nigeria (AMCON), and we keep that every one actions taken on this regard have been in step with relevant legal guidelines and banking observe.
We reiterate our unwavering dedication to performing in good religion, defending stakeholder
pursuits, and preserving the integrity that has outlined our establishment for over a century. The
Bank stays resilient and centered on persevering with to ship wonderful service and worth to its prospects.
We admire the continued belief and assist of all stakeholders as we navigate this authorized
course of.
Mrs. Olufunmilola Aluko
Chief Brand and Marketing Officer
Union
