By  Innocent Anaba
Access Bank has asked a Federal High Court sitting in Lagos, to stay further hearing in the petition by a Senior Advocate of Nigeria, Chief Ajibola Aribisala seeking to wind up the bank over alleged inability to pay a N2.264 billion debt.

Aribisala in the suit, is claiming N2.264bn, which according to him, represents fees for various legal services he rendered the bank.

Aribisala had stated in the suit that he was instructed at different times by Access Bank to recover various debts, running into billions, owed the bank by Zenon Petroleum and Gas Limited and Bi-Courtney Limited, and that the bank agreed to pay him 10 percent of the recovered sum.

He said that after he had taken various steps to recover the debt, Access Bank secretly went behind him and sold Zenon’s loan assets to the Assets Management Corporation of Nigeria, AMCON, for N13.5 billion, which  was not the initial agreement.

Access Bank, in its opposition to the suit, contended that it was not true that any 10 percent was agreed to be paid to Aribisala.