{"id":41696,"date":"2020-07-24T16:41:49","date_gmt":"2020-07-24T15:41:49","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=41696"},"modified":"2020-07-24T16:41:49","modified_gmt":"2020-07-24T15:41:49","slug":"company-initiates-contempt-proceeding-against-amcon-boss-ahmed-kuru","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/company-initiates-contempt-proceeding-against-amcon-boss-ahmed-kuru\/","title":{"rendered":"Company Initiates Contempt Proceeding Against AMCON Boss Ahmed Kuru.."},"content":{"rendered":"
A limited liability company Global sterling products Limited\u00a0 \u00a0has filed a notice of consequences of disobedience to\u00a0 order of the court against the Managing Director of Assets\u00a0 Management Corporation of Nigeria AMCON Ahmed Kuru and one Lanre Olaoluwa\u00a0 \u00a0 for allegedly disobeying the order of a Federal high court in Lagos.<\/div>\n
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\u00a0 \u00a0 \u00a0 \u00a0The company alleged that the duo of Ahmed Kuru and Lanre Olaoluwa refused to obey\u00a0 the order of the court restraining the receiver\u00a0 from interfering with the Company’s occupation and use of the premises at number 98 Kudirat Abiola way\u00a0 pending the determination of the suit pending before the court.<\/div>\n
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\u00a0 \u00a0 \u00a0 Further hearing of the case has been adjourned till 26th of October,2020.<\/div>\n
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\u00a0 \u00a0 \u00a0 \u00a0The order of the court was sequel to an affidavit and better affidavit sworn to by\u00a0 the managing Director of Global sterling company Limited,Mr. Haris Puri and filed and argued before the court by a Lagos lawyer Barrister Ade Adedeji SAN.<\/div>\n
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\u00a0 \u00a0 \u00a0Mr Puri averred that his company Global sterling Products is the rightful owner of three Plot of\u00a0 land measuring approximately\u00a0 2170.897 square meters within the property known as\u00a0 98,Kudirat Abiola way Oregun in Ikeja local Government area of Lagos State having acquire the land legitimately, however on the 6th of March 2020, the company\u00a0 became aware of the subsistence of the extant suit when it was served with an order of the court by AMCON. The company was neither a party to the suit nor a beneficiary indebted to anyone including the respondents in the suit.<\/div>\n
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\u00a0 \u00a0 \u00a0 The order of the court as relate to the portion of the land was made as a result of misrepresentation as the property was not owned by any of the respondents rather by his company.<\/div>\n<\/div>\n
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Mr Puri contended that the company should not suffer for the sins,ineptitude and failure of the bank to conduct a proper due diligence whose debt was purchased by AMCON, therefore unless the company’s application to set aside discharging the orders of the court made on the 11th of April,2019,is granted, the company will be dead as on going concern,as the company remains victim of error is suffering huge damages due to perishable goods in the premises and factory equipment that has since remains unserviceable and open to consequential damages and loss.<\/div>\n
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\u00a0 \u00a0 \u00a0 \u00a0The company undertakes to vacate the premises of the property in the unlikely event that in the course of hearing of the substansive suit the above facts are found to be false.<\/div>\n
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\u00a0 \u00a0 \u00a0 Consequently, urge the court to vary the order and discharge it.<\/div>\n
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\u00a0 \u00a0 \u00a0 \u00a0However in its counter and further affidavit sworn to by one Ayodele Majekodunmi, AMCON stated that\u00a0 a company called Cortex\u00a0 obtained loan from former Skye Bank now Polaris bank which was acquired by AMCON as non performing loan,consequently AMCON on the 11th of April, 2019 obtained court order to attach all the assets that AMCON reasonably believed to be owned by the defendants and there is no evidence that the property is owned by Global Sterling Products, Consequently, it was not made a party in the suit,therefore the application of the\u00a0 company for variation of the order should be refused.<\/div>\n
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\u00a0 \u00a0 \u00a0After listening to the submission of the two parties, the presiding Judge Chukwujekwu Aneke ordered that “The receiver is therefore restrained from interfering with Global Sterling Limited occupation and use of the said premises contained in the said number 98 Kudirat Abiola way pending the determination of this suit.” Thereafter adjourned\u00a0 till 26th of October 2020 for\u00a0 hearing, but the company alleged that Mr Ahmed Kuru and Lanre Olaoluwa have refused to obey the order of the court\u00a0 hence the filling of the (form 48) notice of the consequences of disobedience of order of the court.<\/div>\n<\/div>\n<\/p>
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A limited liability company Global sterling products Limited\u00a0 \u00a0has filed a notice of consequences of disobedience to\u00a0 order of the court against the Managing Director of Assets\u00a0 Management Corporation of Nigeria AMCON Ahmed Kuru and one Lanre Olaoluwa\u00a0 \u00a0 for allegedly disobeying the order of a Federal high court in Lagos.\u00a0<\/p>\n","protected":false},"author":6,"featured_media":32904,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[17],"tags":[1277],"coauthors":[2391],"class_list":["post-41696","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","tag-amcon"],"yoast_head":"\nCompany Initiates Contempt Proceeding Against AMCON Boss Ahmed Kuru.. - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/company-initiates-contempt-proceeding-against-amcon-boss-ahmed-kuru\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Company Initiates Contempt Proceeding Against AMCON Boss Ahmed Kuru.. - 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