Alleged N69.4bn Debt: Court Throws Out Order Against Jimoh Ibrahim’s Assets

'Dotun Akintomide
Writer

Ad

Atiku blasts Tinubu govt over Nnaji scandal, says resignation ‘whitewash of forgery’

By Obinna Uballa Former Vice President Atiku Abubakar has condemned the resignation of Uche Nnaji, erstwhile Minister of Innovation, Science and Technology, describing it as “an attempt to whitewash yet another scandal” under President Bola Tinubu’s administration. Nnaji resigned on Tuesday after an investigation by Premium Times alleged that he submitted forged academic and NYSC…

“My Resignation Not An Admission of Guilt,” Nnaji Declares

By Abiola Olawale Uche Nnaji, Nigeria's erstwhile Minister of Innovation, Science, and Technology, has vehemently denied any wrongdoing, insisting his recent resignation from President Bola Tinubu's cabinet was a "principled decision" rather than a concession to guilt. The controversy, which has dominated headlines for over a week, centered on claims that Nnaji allegedly submitted falsified…

Enugu Gov, Peter Mbah Set to Join APC as Nnaji’s Resignation Clears Path

By Obinna Uballa Barring any last-minute change, Enugu State governor, Peter Mbah, is set to dump the Peoples Democratic Party (PDP) and join the ruling All Progressives Congress (APC), following the sudden resignation of Uche Nnaji, the embattled Minister of Science, Technology and Innovation, the New Diplomat has gathered. Sources close to the governor confided…

Ad

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 Okon Abang, in a ruling, also vacated all consequential orders earlier made by the court on Jan. 4 but differently constituted by Justice Rilwan Aikawa of a Federal High Court, Lagos.

The News Agency of Nigeria (NAN) reports that a Federal High Court, Lagos, had on, Feb. 17, declined to vacate an interim order through which AMCON seized property belonging to Ibrahim.

Ibrahim, NICON Investment Ltd and Global Fleet Oil and Gas Ltd, had prayed the court to set aside the order for “non-disclosure and misrepresentation of material facts.”

They further prayed the court to order AMCON to pay N50 billion indemnity for alleged failure to conduct due diligence before obtaining the said order and for misrepresentation and concealment of fact.

But Aikawa, in a nearly two-hour ruling, upheld the argument of AMCON’s counsel, Kemi Pinheiro, SAN, which insisted that AMCON made “full and substantial disclosure of all material facts” at the time of obtaining the orders on Nov. 4, 2020.

 (NAN)

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp