Justice Akintayo Aluko of the Federal High Court, Lagos, has adjourned additional listening to within the receivership swimsuit filed by Kepco Energy Resources Nigeria Limited and others towards Ecobank Nigeria Limited and 9 different banks until 27 January 2026.
The adjournment adopted discover of an enchantment filed by the events over a earlier ruling delivered by the court docket on 5 August 2025.
Kepco Energy Resources, alongside New Electricity Distribution Company Limited and NG Power-HPS Limited, had sued Ecobank and others — together with Access Bank, First City Monument Bank, Fidelity Bank, Sterling Bank, UBA, Union Bank, Zenith Bank, FBNQuest Merchant Bank, and FBNQuest Trustees — in swimsuit quantity FHC/L/CS/1242/2025.
At Monday’s proceedings, counsel for the plaintiffs, Opeyemi Adekoya, knowledgeable the court docket that the defendants had filed an enchantment and transmitted the data.
He stated the appellants’ temporary had additionally been filed.
Responding, Adekunle Ogunba (SAN), counsel to Ecobank, confirmed the enchantment and added that his software for keep of proceedings remained unopposed.
He urged the court docket to direct all events to take care of the established order, assuring that the res had not been dissipated.
After listening to each side, Justice Aluko dominated that it was finest to adjourn the matter for the reason that Court of Appeal was already seized of jurisdiction on the difficulty of keep of proceedings.
The decide subsequently adjourned the case until 27 January 2026 for a report on the enchantment.
Both events agreed that the identical place ought to apply to the sister fits — FHC/L/CS/1244/2025 and FHC/L/CS/1245/2025 — involving New Electricity Distribution Company Limited, NG Power-HPS Limited, and several other business banks.
It can be recalled that some energy technology (GENCOs) and distribution corporations (DISCOs) in Nigeria are at present entangled in receivership disputes arising from alleged insolvency.
