A company, Siete Trading Limited, has withdrawn from a suit it filed along with Access Bank Plc against four defendants at the Federal High Court in Lagos.
The defendants are Robert Dyson & Diket Limited, Sio Properties Limited, Kenneth Odogwu (sued as beneficiary and in a representative capacity on behalf of all the administrators of the estate of late Chief Sonny Odogwu) and the Registrar of Title, Federal Land Registry.
The suit is numbered FHC/L/CS/1955/2021.
Siete Trading also informed the court of its decision in a notice of withdrawal dated January 11, 2022 and filed by the firm’s lawyers, led by Oluwakemi Balogun (SAN).
The withdrawal notice reads: “Take notice that the second plaintiff (Siete Trading) withdraws from this suit and also withdraws all its claims as it relates to it in the Originating Summons dated 20th of December, 2021 against the defendants in this suit.”
The plaintiffs had accused the defendants of owing the bank N50billion.
But the defendants, through their lawyer, Chief Anthony Idigbe (SAN), said they had fully discharged their financial obligations in the matter.
The defendants said the settlement was by a debt-for-asset swap in full and final settlement of the dispute and the indebtedness.
Controversy has continued to trail the sale of the disputed Ikoyi Crescent property of the late Sonny Odogwu family.
