Former Nigerian Director of Sports, Dr Amos Adamu, his company Balmoral Halls and Events Centre and his son Ezekiel Adamu and Guarantee Trust Bank plc on the other hand have settled out of court the legal dispute over a credit facility granted to Balmoral Hall and Event Centre Limited by the Bank.
Consequent upon the inability or refusal of the defendants to repay the credit facility granted them by GTBank, the bank and its Receiver Manager, Owolabi Usman in a bid to enforce the terms of the loan agreement approached the court through an Originating Summons seeking an order for the enforcement of the Tripartite Deed of Legal Mortgage dated February 24, 2012 on a property at number 22AB,Cooper Road , Ikoyi, Eti-Osa Local Government Area, Lagos vide a Certificate of Occupancy Registered at the Federal Land Registry, Ikoyi as number 14, at page 14 in volume…
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