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Seizure of Lagos Hotel: Court Dismisses AMCON’s Exparte Order

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4 years ago

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Seizure of Lagos Hotel: Court Dismisses AMCON's Exparte Order
Aftermath of losing the case against Peace Hotels Limited in the court of law on Tuesday, AMCON is said to have ignored the Court’s order by obstinately refusing to withdraw its security officers from Mr. Oreye’s house and his business premises.
Seizure of Lagos Hotel: Court Dismisses AMCON's Exparte Order
The report reaching us claims that an Abuja Federal High Court has vacated an ex-parte order against Peace Global Satellite Communication network and it’s Managing Director, Oreye Udo Livingstone which was earlier obtained in March this year.
The earlier interim ex-parte order which granted Benson Ibezim, the 3rd Claimant/ Respondent the receiver Manager appointed by AMCON which is the 1st Respondent to take possession of the properties belonging to Oreye and his wife which includes their residence and hotel located at Omole estate, Lagos was vacated after careful consideration of all Affidavits, counter-Affidavits, written addresses, exhibits and submissions of counsel for and against the relief sought.
Seizure of Lagos Hotel: Court Dismisses AMCON's Exparte Order
Delivery judgement, the presiding Judge who ordered immediate vacation of the ex-parte order noted that the court discharged or set aside the earlier order because the earlier ex-parte order was obtained without jurisdiction and upon suppression of facts. Besides, the Judge noted that AMCON’s Lawyer went ahead to move the motion on March 9th in spite of the fact that a notice of Appeal showing that the matter was in the Supreme court served the Claimant on February 14 this year.
It would be recalled that Oreye Livingstone has petitioned the Attorney General of the Federation (AGF) and the Senate Committee on Banking, Insurance and other Financial Institutions over the seizure of his properties by AMCO.
According to the petition, Asset Management Company Of Nigeria (AMCON) took possession of his two housing properties and business premises after 15 heavily armed Policemen stormed his hotel in Omole estate in July 24 2020 and AMCON Receiver, Benson  Ibezim took partial possession of the properties because the Receiver failed to file motion on notice within 14 days as directed in Paragraph 9 of the same order of the court dated March 9th,2020. However, three days to the court ruling, the Receiver attempted to take full possession.
Seizure of Lagos Hotel: Court Dismisses AMCON's Exparte Order
This  according to Oreye is happening when the matter which has dragged on for years is now before the Supreme Court.
Findings reveal that Oreye through his company Peace Global Satellite Communication in 2004 borrowed N178 Million to supplement the rolling out of wired phones. Out of the N178m borrowed, the sum of N162 million was paid back, remaining a balance of N16m on principal. There was a thunderstorm that destroyed the Peace Global Satellite Communications network, a development that made WEMA Bank attempt to sell the collateral used to secure the loan but Peace Global went to court in 2009 claiming amongst other things, that WEMA Insurance Brokers failed to process their thunderstorm claim for 2 years. This matter we also gathered was already in court before the creation of AMCON but according to Oreye, WEMA Bank misrepresented to AMCON that the balance on principal was N240m which made AMCON to buy the loan for N123m. According to the petition, compilation of records was done by all parties including AMCON on June 16th, 2020.
Thereafter, the records were transmitted on June 19th, 2020 to Supreme Court while a brief of Argument has since been filed.
But Ibezim in his affidavit claimed that the matter was not before any court.But Oreye through his Lawyer was able to prove to the court that the matter is before the Supreme court necessitating the same Judge vacating the earlier order.
As at press time, AMCON’s security men are still at the residence of Oreye at Omole estate and his business premises, an hospitality outfit, also located at Omole estate, Lagos hours after the judgement of the Court even when AMCON’s Lawyer has obtained the certified true copy of the judgement and was in court when the judgement was delivered.
Meanwhile, Oreye has called on the Attorney General of the Federation (AGF) and the Senate Committee on Banking, Insurance and other Financial Institutions to ask AMCON to withdraw its’ security men from his residence and hotel in strict obedience to the court order
Meanwhile, after the ruling, Oreye’s lawyer, Barrister Mike Umonnan, commended the court for being the hope of the hopeless and expressed confidence in the judiciary

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Sahara weekly online is published by First Sahara weekly international. contact [email protected]

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Warmest Birthday Wishes to an Exceptional, Gracious Woman, Mrs Folake Fabiyi ~Oluwaseun Fabiyi

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4 hours ago

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November 15, 2024

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Warmest Birthday Wishes to an Exceptional, Gracious Woman, Mrs Folake Fabiyi
~Oluwaseun Fabiyi

 

On this momentous occasion, I am thrilled to honor my beloved sister, Falake, a paragon of kindness and industriousness, on her birthday, today, Friday ayaba Fabiyi Supo, 15th November 2024. Ma, the divine benevolence of God Almighty has bestowed upon you another year of life, replete with promise and opportunity.

It is also an opportune moment to reflect on your blessings and methodically enumerate them, thereby acknowledging the remarkable accomplishments of God in your life

As you commemorate another year of existence today, may the Supreme Being graciously continue to endow your life with success, benevolence, and unwavering favour, and henceforth, every utterance and account regarding you and your household shall be replete with good tidings

I fervently pray that God’s divine guidance and favor will continually be upon you, and may He graciously bestow His kindness upon you now and forever. Please accept my warmest congratulations and sincere best wishes

To my dearest Mummy Precious, I offer my warmest felicitations and hope your birthday celebration is exceptionally eventful.

Warmest Birthday Wishes to an Exceptional, Gracious Woman, Mrs Folake Fabiyi ~Oluwaseun Fabiyi

Oluwaseun Fabiyi a seasoned Journalist writes from Lagos

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JUST IN: Supreme Court dismisses Govs’ suit against EFCC legitimacy

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6 hours ago

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November 15, 2024

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JUST IN: Supreme Court dismisses Govs’ suit against EFCC legitimacy

 

The Supreme Court has dismissed a suit filed by state governors challenging the legality of the Economic and Financial Crimes Commission (EFCC) Act and two other anti-corruption agencies.

The court ruled that the suit before it lacked merit, affirming the legality of the EFCC’s establishment and the two other anti-corruption agencies.

More details coming

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The Limit Breaker Sierre Leone Day 2- Spirit Brings Liberty When You Obey Instructions – Dr Chris Okafor.

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13 hours ago

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November 15, 2024

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The Limit Breaker Sierre Leone Day 2- Spirit Brings Liberty When You Obey Instructions – Dr Chris Okafor.

…. Obedience is the Solution to Limitations

If somebody can start it, somebody can end it, obeying instructions can change any evil patterns in the life of people, pattern of sickness, Poverty, Late marriage and what have you, when you obey instructions you will breakout of the Limitations in your father’s house.

This was the case study at the day 2 of the ongoing The Limit Breaker Conference in Freetown Sierre Leone where over 2 million faithful received Prophetic Blessings from the servant of God, The Generational Prophet of God.

Teaching on the Topic, Breaking out from the Limitations of my Father’s House Part 2, The Convener Chris Okafor world outreach Ministry COWOM and Senior Pastor Grace Nation Global Dr Chris Okafor continue on the highlights said when you obey instructions, you are prone to be free from any bondage of your father’s house.

The Generational Prophet of God also remarked that , it is not that the devil is powerful but because of the lack of Knowledge of the People, he said ignorance is a licence to bondage therefore obedience is majorly the solution to ancestral Limitations, when you obey instructions the spirit that brings liberty locate you and you will be free from bondage and every spirit of Limitations from you father’s house, you will be free from it.

It was another Powerful and Prophetic movement of God at the Conference, God uses his servant the Generational Prophet of God Dr Chris Okafor to do what he knows how to do best, Addressing Various issues, calling Names, Names of villages, while Every evil altars holding people inheritance exposed, Profiling solution to every case file brought to the conference, it was indeed a life changing Prophetic encounter in the life of the good people of Sierre Leone, the testimonies that will come after the three days prophetic encounter will be enormous and according to a participant who will not want her name mention.

The conference continues on Friday 15th November 2024 ,Same Time and Venue

 

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