The United Bank For Africa Plc (UBA) has filed an application to halt the sale of the assets of a construction firm, Borini Prono and Company Nigeria Limited.

The bank approached the court to vary it’s ex parte order being relied upon by Mr. Michael Igbokwe (SAN), as a Receiver Manager, to sell the firm’s assets.

The applicant told the Federal High Court, Lagos that the said court order issued January 11, 2024, “was obtained by suppression and concealment of material facts.”

The bank warned persons intending to purchase the assets of Borini Prono and Company Nigeria Limited to desist, in the interest of rule of law.

The assets include those located under the Third Mainland Bridge, Lagos State and Borini Prono Premises in Kaduna, Kaduna State.

The applicant stated: “This is to bring to the attention of the general public that UBA has approached the Federal High Court sitting in Lagos in suit No. FHC/L/CS/2628/2023 to vary the ex-parte court order of court made on January 11, 2024 being relied upon by Mr. Igbokwe (SAN), as a purported Receiver Manager of Borini Prono and Company Nigeria Limited appointed by Union Bank Plc.

“Anyone who purchases any asset of Borini Prono from Mr. Igbokwe, acting as a purported receiver for Union Bank Plc on the assets of Borini Prono does so at his or her own risk and in gross violation of the rule of law. You are hereby warned!”