A FEDERAL High Court judge in Lagos, Okechukwu Okeke Monday said he would on March 27 deliver judgment on a motion filed by five members of staff of the Power Holding Company of Nigeria (PHCN), challenging their ejection from a PHCN property allegedly forfeited to the Federal Government by Mrs. Cecilia Ibru, former chief executive officer of defunct Oceanic Bank.
The judge reserved the date, due to the fact that the judgment was not ready.
The applicants, Mr. Afolabi Dada, Mr. Charles Amadi, Mr. Lawan Muhammad, Mrs. Comfort Odili-Iwuafor and Mr. Anthony Abikoye had filed the suit through their counsel, Mr. Femi Falana (SAN) contending that the said property allegedly acquired by Ibru, was at all material time, the property of PHCN.
Joined as respondents in the suit are Ibru and Asset Management Corporation of Nigeria (AMCON).
The applicants in their motion are contending that Ibru never lawfully acquired the said property of PHCN, (from which they were now been ejected) and so, had no right to forfeit same to the Federal Government.
No comments:
Post a Comment