N500m Suit: Abike Dabiri, Diamond Bank To Settle Out Of Court

high court

A former member of the House of Representatives, Hon. Abike Dabiri-Erewa and Diamond Bank have opted for an out of court settlement in the suit she instituted against the bank for publishing her name on the list of bank debtors who fail to liquidate their debts, as directed by the central bank. She asked for N500 million in damages.

Diamond Bank had published her picture as a Director of Thriller Endeavors, which owed the bank over N100 million. She claims she has never heard of the company.

Mrs Dabiri-Erewa insists that the publication is false and it has subjected her to public ridicule and embarrassment.

When the matter came up for hearing on Thursday before Justice Abdulfattah‎ Lawal, the counsel to Diamond Bank, Chuka Agbu SAN, told the court of the moves to settle the matter out of court.

He then urged the court to adjourn the matter to enable the parties conclude discussions on the process.

Counsel representing Mrs Dabiri-Erewa, Ademola Fadipe expressed optimism that the settlement talks will be agreeable to all parties.

Justice Lawal adjourned the matter till March 10, for a report of the settlement.