Stallion Group has challenged the Federal High Court judgment delivered in Lagos on October 16, 2026, filing an appeal and seeking a stay of execution pending the determination of the case by the Court of Appeal.
The appeal relates to Suit No. FHC/L/CS/2074/2023, UBA PLC & Ors v. Stallion Nigeria Ltd & Ors, arising from a commercial dispute initiated by United Bank for Africa (UBA) PLC in 2023.
In a statement issued on October 16, 2026, Abdulsalam Gaffar Olatokunbo of Stallion Group said the company disagreed with the judgment and believed there were grounds for appellate review.
“Having reviewed the judgment with its legal advisers, the Group considers that there are strong grounds for appellate review and is determined to pursue its rights through the courts,” the statement said.
The company confirmed that it had filed a Notice of Appeal at the Court of Appeal and sought a stay of execution pending the hearing and determination of the appeal.
Stallion Group said it would pursue the case vigorously while respecting the judicial process, expressing confidence that the appellate court would consider the issues raised.
The company also assured its employees, customers, business partners and other stakeholders that its operations remained ongoing.
It urged stakeholders to rely on verified information rather than speculation or sensational reports, stressing that the dispute was now before the appellate court.
Related News
