Dansa Foods, Sani Dangote's Company Assures Stakeholders After Court Freezes Bank Accounts

SAN FRANCISCO, September 07, (THEWILL) - The Management of Dansa Foods Limited and Bulk Pack Services Limited, companies owned by Alhaji Sani Dangote, over the weekend, assured customers and other vendors of stability in its operations despite last week's court ruling restraining the company's bank accounts with local banks in Nigeria.

Company Secretary and Legal Adviser to Dansa Foods Limited, Mohammed Shitu Jibril described the court's interim injunction as a temporary setback saying, 'Our lawyers are taking appropriate steps to address our various dissatisfactions with the Order of the court and the actions filed by the bank.'

Recall that Justice Okon Abang who made the order last week, in a ruling, said the order subsists till September 11, 2014, when the court would entertain the applications in the suit brought by Union Bank Plc against Sani Dangote and his companies.

Describing the situation as a phase that will soon be a thing of the past, he appealed for understanding and calm, noting that all the parties will soon sit down to look at the issues raised and reach an amicable solution that will be suitable to all.