Court Sets aside Order Seizing Jimoh Ibrahim s Assets over Alleged 69 4bn Debt thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
The Federal High Court, Abuja, on Monday, set aside the interim order through which the Asset Management Corporation of Nigeria (AMCON) seized property belonging to a businessman, Jimoh Ibrahim, for an alleged N69.4 billion debt.
Justice Muslim Sule Hassan of the Federal High Court in Lagos has set aside an ex-parte order freezing the bank accounts of a member of the Board of the Nigerian Communications Commission (NCC), Mr. Clement Omeiza Baiye, and two others companies, Verity Communications Limited and Verity Associates Limited.
Punch Newspapers
Sections
Oluwatosin Omojuyigbe
THE Federal High Court in Lagos has lifted the order barring a member of the Board of the Nigerian Communications Commission, Clement Baiye, and two other companies, Verity Communications Limited and Verity Associates Limited, from accessing their bank accounts.
The Asset Management Corporation of Nigeria had on June 16, 2020, obtained an interim order from Justice Maurine Onyetenu, stopping the defendants in the suit from accessing their accounts over an alleged N128, 975,094.04 debt.
The defendants are Capital Consortium Limited, Falobi Owolabi, Clement Baiye, Idris Bashir, Credence Assets Management Limited, Verity Communications Limited, Alidan Investments limited, and Verity Associates Limited.