{"id":62410,"date":"2022-07-14T10:17:17","date_gmt":"2022-07-14T09:17:17","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=62410"},"modified":"2022-07-14T10:17:17","modified_gmt":"2022-07-14T09:17:17","slug":"henry-ajagbawa-akuma-refuse-court-bailiff-service-illegally-break-into-bedc-premises-risk-jail-term-for-court-contempt","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/henry-ajagbawa-akuma-refuse-court-bailiff-service-illegally-break-into-bedc-premises-risk-jail-term-for-court-contempt\/","title":{"rendered":"Henry Ajagbawa, Akuma Refuse Court Bailiff Service, Illegally Break Into BEDC Premises &#8230;Risk Jail Term For Court Contempt\u00a0"},"content":{"rendered":"<div class=\"H_1BObGP iz_FF\" data-test-id=\"message-group-content\" data-touch-scroll-enabled=\"true\">\n<div class=\"k_w jb_7ceA d_93qVS D_F ek_BB\">\n<div class=\"U_fq7 em_N\" data-test-id=\"message-card\">\n<div class=\"U_6MGW\">\n<div data-test-id=\"message-view-body\">\n<div class=\"msg-body P_wpofO iy_A\" data-test-id=\"message-view-body-content\">\n<div class=\"jb_0 X_6Fd5 N_6Fd5\">\n<div data-test-id=\"message-body\">\n<div id=\"yiv7969050319\">\n<div id=\"yiv7969050319\">Henry Ajagbawa and K.C. Akuma, in company of\u00a0 three other persons (Adeola Ijose, Charles Onwera\u00a0 and Yomi Adeyemi) purportedly recently appointed to the Board of BEDC Electricity\u00a0 Plc (BEDC),\u00a0 on Wednesday proceeded to illegally and forcefully break into the premises of the company in Benin, the Edo State capital, despite the subsisting court order granted in favour of VIGEO Power, and restraining the named individuals and entities from any unlawful occupation.<\/div>\n<div id=\"yiv7969050319\">\n<div><\/div>\n<div>Henry Ajagbawa and others who had refused to accept service of the court bailiffs on the premises of BEDC, in the presence of the press, also forcefully broke into the office of the Managing Director and the Board room of the company bragging of government protection.<\/div>\n<div><\/div>\n<div>Journalists who arrived at the scene were also refused entry into the 4th floor where all was happening, even after the journalists had identified themselves.<\/div>\n<div><\/div>\n<div>It would be recalled that the Nigerian Electricity Regulatory Commission (NERC) and the Bureau of Public Enterprises (BPE) had recently announced A PUTATIVE\u00a0 restructuring of the boards of five DisCos which the Discos were alleged to have been done without inviting any of them to a meeting prior to the announcement which was widely circulated in the media.<\/div>\n<div><\/div>\n<div>The duo had explained that the announcement followed Fidelity Bank&#8217;s activation of the call on the collateralised shares of Kano Electricity Distribution Company, Kaduna Electricity Distribution Company and<\/div>\n<div>BEDC Electricity Plc (the DisCos) in a bid to take over the respective Boards of the DisCos over the alleged inability to repay loans obtained to acquire majority stakes in the DisCos in furtherance of the 2013 privatisation exercise.<\/div>\n<div><\/div>\n<div>Consequently, the management of BEDC had responded by issuing a press statement explaining that there was no contractual, statutory or regulatory basis for the takeover and appointments.<\/div>\n<div>The company stated that, &#8220;For the avoidance of doubt, the shares of BEDC have not been given as security to Fidelity Bank or to any other party.&#8221;<\/div>\n<div><\/div>\n<div>According to the management of BEDC, it was &#8220;Vigeo Holdings Limited (VHL &#8211; a non-shareholder of BEDC)&#8221; that &#8220;obtained credit facilities from Stanbic IBTC Bank Limited, Fidelity Bank Plc, and Keystone Bank Plc (the<\/div>\n<div>VHL Lenders).&#8221; It noted further that the said credit facilities (and any enforcement action in relation thereto) have in the meantime become subject of litigation in a Court action instituted by VHL and other plaintiffs (the<\/div>\n<div>VHL Action) with Suit No: FHC\/L\/CS\/239\/22 &#8211; Vigeo Holdings Limited and 4 Ors v. Stanbic IBTC Bank Limited, and therefore, subjudiced.&#8221;<\/div>\n<div><\/div>\n<div>Worried by the development, Vigeo Power Limited, the majority shareholder of BEDC had filed a suit and obtained injunctive orders at the Federal High Court in Abuja to restrain Fidelity Bank Plc, HENRY AJAGBAWA,<\/div>\n<div>and THE other co-defendants from taking over BEDC pending the hearing and determination of the motion on notice dated July 8, 2022.<\/div>\n<div><\/div>\n<div>The other defendants are Nigerian Electricity Regulatory Commission (NERC), Corporate Affairs Commission (CAC), K.C. Akuma, Adeola Ijose, Charles Onwera, Henry Ajagbawa and Yomi Adeyemi.<\/div>\n<div id=\"yiv7969050319ymail_android_signature\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div><!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Henry Ajagbawa and K.C. Akuma, in company of\u00a0 three other persons (Adeola Ijose, Charles Onwera\u00a0 and Yomi Adeyemi) purportedly recently appointed to the Board of BEDC Electricity\u00a0 Plc (BEDC),\u00a0 on Wednesday proceeded to illegally and forcefully break into the premises of the<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":6,"featured_media":12991,"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":[5099],"coauthors":[2391],"class_list":["post-62410","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","tag-bedc"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Henry Ajagbawa, Akuma Refuse Court Bailiff Service, Illegally Break Into BEDC Premises ...Risk Jail Term For Court Contempt\u00a0 - National Wire<\/title>\n<meta name=\"description\" content=\"Henry Ajagbawa and K.C. 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