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Prima Garnet, Ogilvy & Mather Africa reach out-of-court settlement

By News Express on 06/01/2018

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Prima Garnet Communications Limited and Ogilvy & Mather Africa BV have announced that they have reached an amicable settlement over a previous affiliation dispute.

The settlement follows an application to the High Court of Lagos State by Ogilvy & Mather Africa BVand which was confirmed by Prima Garnet Communications Limited to seek a settlement agreement on an affiliation dispute, which was under litigation for several years.

During the hearing of the matter on December 15, 2017 and following the application, Justice L. A. F. Oluyemi entered the Terms of Settlement dated December 14, 2017 (which was duly executed by the parties and their respective counsel) as the Consent Judgment of the court in the matte, And that therefore brought the matter to a closure.

Spokespersons for the parties announced that they “have had mutually beneficial discussions and the outcome is an amicable resolution of the dispute and the Consent Judgment. This development allows both parties to put an end to the matter as we continue to contribute to the growth of the Nigerian advertising landscape.”

Source News Express

Posted 06/01/2018 01:20:57 AM

 

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