NICON Assets: Court directs Jimoh Ibrahim to publish committal proceedings against AMCON MD, others

The Federal High Court sitting in Abuja on Thursday directed business mogul, Jimoh Ibrahim and three of his firms to publish a notice of committal proceedings against three principal officers of the Asset Management Corporation of Nigeria (AMCON) for allegedly flouting the court’s earlier orders.

Those affected are: the Managing Director/CEO, Ahmed Lawal Kuru; and two Executive Directors – Eberechukwu Uneze and Aminu Ismail. They are also defendants/alleged Contemnors in suit FHC/ABJ/CS/760/2021.

Justice Okon Abang ruled that the said the publication constitutes proper service of Forms 48 and 49 and all other court processes to be issued in the matter.

The judge made the order on the ground that the defendants/alleged Contemnors evaded personal service of Form 48, which concerns contempt of court.

The companies suing with Ibrahim are: NICON Investment Limited, NICON Insurance Limited and NICON Reinsurance Corporation Plc.

Justice Abang issued the orders after listening to counsel to Ibrahim and his three companies, Sule Ikordeme, in a March 18 application, praying the court to grant the reliefs sought.

He recorded the appearance of M. U. Mustapha (SAN) leading other counsel from the Outer Bar but did not hear from him before taking a decision on the application “being an ex parte application that counsel for the adverse party can only be seen and not heard”.

Published by newspread247.com

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