PRESS RELEASE
29 May 2026

OAL Wins Defamation Case Over False AMCON Report On MRS Holdings

OA
Olisa Agbakoba Legal (OAL)

Contributor

Olisa Agbakoba Legal (OAL) is a leading world class legal solutions provider with clients in diverse sectors of the Nigerian economy. Our diversified skills ensure that we provide innovative legal solutions to our clients. At OAL, we are always devoted to our EPIC values: our excellence, professionalism, innovation & commitment.
On November 17, 2020, PM News published an article claiming that a court had issued an order on that very day to freeze the bank accounts of MRS Holdings and Sayyu Dantata due to alleged indebtedness to AMCON. However, the truth is that no such court orde
Nigeria

On November 17, 2020, PM News published an article claiming that a court had issued an order on that very day to freeze the bank accounts of MRS Holdings and Sayyu Dantata due to alleged indebtedness to AMCON. However, the truth is that no such court order existed.
This story was disseminated without verification, lacking any evidence, and there was no attempt to confirm the facts with the involved parties. Within hours, it had spread throughout Nigeria's business and financial community, seriously damaging the reputation of one of the country's leading business entities and leading to tangible commercial repercussions.

In response to this unjust situation, we took decisive action. Our team meticulously documented every aspect of the harm caused, including reputational damage and business impact, as well as the clear falsehoods in the publication. We initiated defamation proceedings, building a strong evidentiary record, and presented credible, compelling evidence in court that established both the inaccuracies of the report and the harm inflicted.

In the end, the court ruled in our client's favour, delivering a judgment that confirmed the defamation. The reputation of MRS Holdings and Sayyu Dantata was not only restored but fully vindicated.

Contributor

Olisa Agbakoba Legal (OAL) is a leading world class legal solutions provider with clients in diverse sectors of the Nigerian economy. Our diversified skills ensure that we provide innovative legal solutions to our clients. At OAL, we are always devoted to our EPIC values: our excellence, professionalism, innovation & commitment.
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