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


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.

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