Court Restrains AMCON Over NICON’s Appointments
A Federal High Court sitting in Abuja has restrained the Assets Management Corporation of Nigeria (AMCON) and others from taking further steps regarding reconstitution and appointment of directors into the Board and management of National Insurance Corporation of Nigeria (NICON).
The Court granted an interim order following the motion ex parte filed by Mr Jimoh Ibrahim and NICON Investment Limited against the defendants.
In the suit No: PHC/ABJ/CS/760/202, dated July 29, 2021 and filed on July 30, 2021 by their attorneys, C. I. Okpoko (SAN), and C. C. Ogbonna Esq, the applicants prayed for an interim order to set down the instant suit for accelerated hearing.
The presiding judge, Justice Ahmed Ramat Mohammed granted the prayers upon the reading and hearing the affidavit supporting the application; verifying affidavit; and affidavit of urgency all disposed to by the Company Secretary of NICON Investment Limited, William Aroeote.
A copy of the order signed by Registrar of the court, Mrs Awase Igba, and made available to journalists by Barrister Jimoh Ibrahim, indicated that Justice Mohammed also made an order setting down the instant suit for accelerated hearing.
The interim order shall last for 14 days only in order to avoid res (Latin term for ‘thing’) and enable to the Court take the motion on notice for interlocutory order of injunction.
The court also ordered that all defendants be served with all the processes filed in the suit, even as it directed the applicants to file a written undertaking to indemnify defendants in damages if the interim orders ought not to have been made or even applied for.
According to the Court documents; “these orders are made pursuant to the provisions of order procedure 1(2),(3)and 2(1) and order 56 rule 1 all of the Federal High Court (civil procedure) rules, 2019.”
The suit has been adjourned to August 2021 for hearing of the plaintiffs’ motion on notice for interlocutory order of injunction.
