The Assets Management Corporation of Nigeria (AMCON) has given a Federal High Court in Abuja an undertaking on NICON.
This was contained in a newspaper advertisement published in ThisDay on August 23, 2021.
Details of the proceeding is listed below:
In The Federal High Court Of Nigeria
In The Abuja Judicial Division
Holden At Abuja
On Friday, The 30th Day Of July, 2021
Before The Hon, Justice Ar. Mohammed
SUIT NO: FHC/ABWCS/760/2021
1. Nicon Investment Limited
2. Nicon Insurance Limited
3. Nigerian Reinsurance Corporation Plc
4. Barrister Jimoh Ibrahim
1. Asset Management Corporation Of Nigeria
2. Bureau Of Public Enterprises
3. Lamis Shehu Dikko
4. Dr. Henry Uko Ationu
5. John Abuh Oyioih
6. Alexander Ayoola Okoh
7. Ahmed Dahiru Mocibbo
8. Mr Mela Audu Nunghe Sa
9 Mr Olugbenga Falekulo
10. Olusegun Ilori
14. Mrs Yvonne Isichei
12. Inspector General Of Police
C. I. Okpoko SAN with C. C. Ogbonna Esq for the Plaintifs/Applicants.
Okpoko SAN: We have a Motion Exparte dated 29/7/2021 but filed on the 30/7/2021. The motion ss supported by a 47 paragraph affidavit sworn to by William Arorote, the Company secretary of the 1st, 2nd and 3rd Plaintiffs. The affidavit is accompanied by eight exhibits marked A, B, B', C, D, D', D2 and E respectively, All the exhibits attached except E are all Court processes, i.e. rulings and orders of superior Courts of record including the Federal High Court.
We also filed a written address and affidavit of urgency.
The orders sought are listed on the motion paper. We have listed 20 grounds upon which the application is predicated.
On 22/2/2021 vide exhibit D", this Court per Abang J made order vacating the orders made in that suit, which the Respondents have gone on Appeal to the Court of Appeal challenging the ruling in exhibit D and the appeal is still pending.
However on 26/7/2021, the 1" Respondent made online publication stating that they have approved certain appointment which will affect the substance of the suit pending before the High Court of Lagos. The 1Â° Respondent if not restrained, they will destroy the res, which is the issue of the alleged debt, that is still pending before the High Court of Lagos.
We have given undertaking to damages in paragraph 46 of the affidavit. We also adopt the written address and urge the Court to grant the application.
Having listened to the learned senior counsel to the Plaintiffs/Applicants on the Motion Exparte.
2. Operational Guidelines on Global Standard Instruction (GSI) - CBN, Jul 15, 2020
4. (PDF) NPLs & Bad Debtors: - The Case for a New Industry Approach - Debtors Africa, May 13, 2020
5. AMCON and Financial Services Debt Burden in Nigeria - Aug 17, 2018
6. (PDF) - Coronanomics and the Nigerian Economy - Jun 06, 2020