Nigeria, April 5 -- Ecobank Nigeria Limited, the local subsidiary of Lome-based Ecobank Transnational Incorporated, has initiated a legal action against Barbican Capital Limited, an affiliate of Honeywell Flour Mills.

The lender in a court paper dated 3 April 2025 sought an order of interim injunction from the Federal High Court Lagos, restraining Barbican and seven others from "taking any steps to amortize, dematerialize, compromise, sell, transfer or deal with the 6,314,116,229 collective aggregate shares" of Barbican in FBN Holdings (now First HoldCo) pending the hearing and determination of a motion on notice.

Honeywell Flour Mills, Siloam Global Services Limited, Otudeko Obafemi Adedamola (managing director of Honeywell Group Limit...