Navigation Bar

Top Navigation

You are Welcome!!!..

Headlines!

Click on open to see the fullscreen overlay navigation menu.

☰ open

Friday, March 15, 2013

PHCN workers battle AMCON over Ibru’s forfeited asset

 
 
By Tunde Opeseitan/Lagos
Five staff of the Power Holding Company of Nigeria (PHCN) on Friday urged a Federal High Court in Lagos to halt their ejection from a PHCN property forfeited to the Federal Government by former Managing Director of Oceanic Bank, Cecilia Ibru.
Ibru, it would be recalled, forfeited N191 billion worth of assets to the Federal Government through the Assets Management Corporation of Nigeria (AMCON) as part of the plea bargain arrangement between her and the Economic and Financial Crimes Commission (EFCC).
AMCON had on March 6, 2013 forcefully ejected the PHCN workers from the property, which is located at No 5A George St., Ikoyi Lagos.
But the PHCN workers are contending that the said property allegedly acquired by Ibru, was at all material time, the property of PHCN and so, Ibru had no right to forfeit same to the Federal Government.
The workers are: Mr Afolabi Dada, Mr Charles Amadi, Mr Lawan Muhammad, Mrs Comfort Odili-Iwuafor and Mr Anthony Abikoye.
 

No comments:

Post a Comment