Capital Hotels Plc Issues an Update on Its Appeal in Its Case With Alhaji Musa Abdullahi

Proshare

Friday, December 14, 2018 12:45 PM / NSE

 

Capital Hotels Plc wishes to update its Shareholders and other Stakeholders on the Execution levied on Friday 8th December, 2018 via Gamishee Order on the Hotel’s account at GTBank to the tune of N503,600,000.00 (Five hundred and three million, six hundred thousand Naira,).

The Hotel’s Lawyers on Tuesday 11th December, 2018 obtained an Order from the Court of Appeal, Abuja Division mandating Diamond Bank Plc to warehouse the said judgment sum of N503, 600, 000. 00 (five hundred and three million, six hundred thousand Naira) paid into the account of Ndarani & Co, in an interest yielding account opened in-the name of the Chief Registrar of the Court of Appeal as a neutral Stakeholder pending the hearing and determination of the Appeal.


Proshare Nigeria Pvt. Ltd.


Related News

1.           Capital Hotel Plc Notifies on Its Case with Alhaji Musa Abdullahi

2.          CAPHOTEL declares N 379.205m PAT in Q3 2018 Results,(SP:N3.10k)

3.          Capital Hotels Plc Appoints New Directors

4.          CAPHOTEL Declares N115.86m PAT in Q1 2018 Results,(SP:N3.15k)

5.          CAPHOTEL Declares N935.9m PAT in 2017 Audited Results,(SP:N3.15k)

6.          CAPHOTEL declares N489.93 million PAT in Q3 2017 Result,(SP:N3.15k)

7.          Capital Hotels Plc Announces Board Changes

8.         CAPHOTEL declares N1.27 billion PAT in 2016 Audited Result,(SP:N3.65k)

9.    Capital Hotels Plc Notifies on the Late Release of 2016 Audited Financial Statements

READ MORE:
Related News
SCROLL TO TOP