Stallion Group Challenges Court Judgment, Files Appeal and Stay of Execution

Stallion Group has decided to challenge the recent judgment from the Federal High Court in Lagos, which was issued on October 16, 2026, in Suit No. FHC/L/CS/2074/2023. This judgment was the result of a commercial dispute initiated by UBA Plc in 2023. According to a statement from Abdulsalam Gaffar Olatokunbo, Stallion Group respectfully disagrees with the court's decision.

They have thoroughly reviewed the judgment along with their legal advisers and have identified strong grounds for appealing the verdict. As a result, they have filed a Notice of Appeal at the Court of Appeal and have placed a stay of execution on the judgment until the appeal is heard and resolved. The group plans to pursue their appeal vigorously while respecting the judicial process.

Stallion Group is confident in the appellate courts' ability to examine the issues raised in their appeal. They emphasize that their operations continue as usual and request that employees, customers, business partners, and other stakeholders rely on verified information and not on speculation or sensational reports regarding this matter now before the appellate court.