Top Tweets for #SageCom

10 months ago

Resolution of Appeal on Debt Judgment: "A five-member panel of the Supreme Court, led by Justice Lawal Garba, on Friday ruled in favour of @fidelitybankplc in its appeal against #Sagecom Concepts Limited. Given previous rulings, this marks a significant victory for Fidelity Bank Plc in a long-running legal dispute. The judgment brings definitive closure to a legacy case that has attracted attention across the financial sector for more than two decades. In a motion dated October 8, 2025, @fidelitybankplc Bank Plc sought clarification from the Supreme Court, requesting a consequential order that the judgment debt be paid in Naira. The bank also asked that the interest rate be set at 19.5% per annum rather than 19.5% compounded daily. Additionally, it requested that the exchange rate used for conversion be the rate applicable as of the date of the High Court judgment, in line with the Supreme Court’s decision in Anibaba v. Dana Airlines. Fidelity Bank further requested that the judgment debt be fixed at ₦30,197,286,603.13 and that interest on this amount be payable at 19.5% per annum until full settlement. In a ruling delivered by Justice Adamu Jauro, the apex court granted the bank’s first three prayers but declined the fourth and fifth. As a result, the judgment sum will be paid in Naira at an annual interest rate of 19.5%, rather than the daily compounded rate previously awarded by the High Court. The Supreme Court equally affirmed that the applicable exchange rate should be the rate as of the date of the High Court judgment, consistent with its earlier decision in Anibaba v. Dana Airlines. The dispute originated from a legacy transaction involving the former FSB International Bank, which merged with Fidelity Bank in 2005. It stemmed from a 2002 credit facility extended to G. Cappa Plc and subsequent legal proceedings tied to the collateral. The Case for Liquidated Damages This ruling provides finality for years of litigation and confirms a significantly lower liability than the ₦225 billion previously speculated in the review of decisions leading up to this. The judgment aligns with Fidelity Bank’s consistent computation and materially contradicts earlier estimates (see: https://t.co/F7aktitxC6) Read More>>>>> https://t.co/mXgmZbKxoX @Personalfinng @proshare cc: @cibnigeria @BDAN_NG @cenbank @AmconNg @DebtorsAfrica @CRCCreditBureau

Proshare

@proshare

10 months ago

Supreme Court Rules in Favour of @fidelitybankplc in Sagecom Case; Bank to Pay N30bn rather than N225bn Claimed https://t.co/XBirRG5IUe

Ethan Sinclair @ThisisEthanSin

over 3 years ago

Wanted to give a huge thank you to @laurennneff for speaking in our class the other day. Really gave some good insight into the pr/marketing field and more insight into @sagecomm. Thank you again. @mimsPR #mimspr #sagecom

ThisisEthanSin's tweet photo. Wanted to give a huge thank you to @laurennneff for speaking in our class the other day. Really gave some good insight into the pr/marketing field and more insight into @sagecomm. Thank you again.

@mimsPR #mimspr #sagecom https://t.co/djIzLvi9f3

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BansardInternational @Bansard_Intl

over 7 years ago

Thanks to Emmanuel Fleury, Logistics Director of #Sagecom, to be with us

Chinchilla Haton Linda @LindaSunshine66

over 8 years ago

Sagecom F@ST 3864 AC "Premium" @Optus vdsl2+ Modem have issues with LAN Download Speed... using premium ftp cable or 1m not able reach speed like through 2.4,5Ghz wifi. Terrible Optus support again 0 #optus #nbn #sagecom #crap #LAN #avoid #UTP #rj45 #FTP

LindaSunshine66's tweet photo. Sagecom F@ST 3864 AC "Premium" @Optus vdsl2+ Modem have issues with LAN Download Speed... using premium ftp cable or 1m not able reach speed like through 2.4,5Ghz wifi. Terrible Optus support again 0 #optus #nbn #sagecom #crap #LAN #avoid #UTP #rj45 #FTP https://t.co/8cRkli3RUz

Chinchilla Haton Linda @LindaSunshine66

over 8 years ago

Because Optus support is totally useless I made it by my self. @Optus @NBN_Australia speed is still far away from what I ordered. Problems: old 67m crap copper line into FTTN node, sagecom Lan. #sagecom #optus #nbn #crap #nosupport #ETH0 #AVOID