fbpx

info@lawreporterslive.com

21.9 C
Abuja
Saturday, October 23, 2021

N784m debt: Court fixes Feb 2 in AMCON’s suit against Ogboru

Must read

Court temporarily halts re-trial of Orji Uzor Kalu over alleged N17.1bn fraud

A Federal High Court in Abuja has ordered the re-arraignment of former Abia State Governor, Orji Uzor Kalu in an alleged N7.1bn money-laundering charges...

Ayade swears in Justice Akon Ikpeme as Cross River Chief Judge

Twice rejected by the State House of Assembly for being a security threat Justice Akon Bassey Ikpeme was on Monday sworn-in by Cross River...

Court orders forfeiture of Yari’s N284m to FG

A Federal High Court in Abuja on Tuesday ordered a final forfeiture of about N284, 306, 294.04 linked to a former governor of Zamfara,...

Court reverses dismissal of 3 police officers, orders recall

Justice Elizabeth Oji of the Lagos Judicial division of the National Industrial Court has nullified the purported dismissal of Mufutau Olaosun, Temitope Adebayo, and...

The Federal High Court in Lagos has fixed February 2, 2021 to rule on whether or not it has jurisdiction to entertain an application filed by the Asset Management Corporation of Nigeria, AMCON, seeking to seize the funds in the bank accounts of the 2019 governorship candidate of the All Progressives Congress in Delta State, Chief Great Ogboru, and his firm, Fiogret Limited.

AMCON said it was seeking to recover a judgment debt of N784m from Ogboru and his firm.

Great Ogburu

Justice Maureen Onyetenu fixed the date last week after taking arguments from AMCON’s lawyer, Kunle Ogunba (SAN), and counsel for Ogboru and his firm, Chief Nelson Imoh.

In an ex parte application filed before the judge, AMCON said the N784m debt arose from a July 5, 2013 consent judgment entered in its favour by Justice Okon Abang.

The corporation said contrary to its expectation, about seven years after Justice Abang’s judgment, Fiogret Limited and Ogboru have not taken any step(s) to satisfy/liquidate the judgment sum and the accruable interest.

But Fiogret Limited and Ogboru are challenging Justice Onyetenu’s jurisdiction to hear AMCON’s ex parte application seeking the seizure of their funds.

The firm and the businessman said they had already appealed Justice Abang’s July 5, 2013 judgment up to the Supreme Court, while their Motion on Notice praying for a stay of execution of the judgment was also pending before the apex court.

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest article

Court temporarily halts re-trial of Orji Uzor Kalu over alleged N17.1bn fraud

A Federal High Court in Abuja has ordered the re-arraignment of former Abia State Governor, Orji Uzor Kalu in an alleged N7.1bn money-laundering charges...

Ayade swears in Justice Akon Ikpeme as Cross River Chief Judge

Twice rejected by the State House of Assembly for being a security threat Justice Akon Bassey Ikpeme was on Monday sworn-in by Cross River...

Court orders forfeiture of Yari’s N284m to FG

A Federal High Court in Abuja on Tuesday ordered a final forfeiture of about N284, 306, 294.04 linked to a former governor of Zamfara,...

Court reverses dismissal of 3 police officers, orders recall

Justice Elizabeth Oji of the Lagos Judicial division of the National Industrial Court has nullified the purported dismissal of Mufutau Olaosun, Temitope Adebayo, and...

Court acquits lawyer of stealing N50.2m from Domino Stores

An Ikeja High Court on Wednesday acquitted a lawyer, Yetunde Sousa, accused of stealing N50.2Million from Dominos Stores and Ozone Cinemas. Delivering judgment, Justice Raliat...