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Court bars Anosike, others from running Daily Times

By Innocent Anaba
A Federal High Court sitting in Lagos has restrained Mr. Fidelis Anosike, his brothers- Noel, Charles and their company, Folio Communications Limited, from running, operating or carrying on business in the name of 1st October and Times Press Limited, pending the hearing and determination of an application for injunction by Daily Times Plc and DSV Limited.

Trial judge in the matter, Justice Charles Archibong, also  restrained Diamond Bank Plc and Union Bank Plc,  the 11th and 12th defendants respectively in the suit, and their agents from recognising, accepting or honouring cheques or other financial instruments signed or executed on behalf 1st October and Times Press Limited by the Anosike brothers and Folio Communications.

The defendants were also restrained from opening, maintaining or running any account with any bank or financial institution in the name of 1st October and Times Press Limited pending the hearing and determination of the application  for injunction by the plaintiffs.

Meanwhile, further hearing in the matter has been adjourned till 24 May.

The court made the orders following an ex-parte application by Daily Times Plc and DSV Limited. who had prayed the court  to, in the interest of justice, grant the orders.

Defendants in the suit also include the National Planning Commission and Minister of Foreign Affairs, Attorney-General of Federation, Diamond Bank Plc and Union Bank Plc.

Senator Ikechukwu Obiarah in an affidavit he deposed to on behalf of the plaintiffs averred that since the privatisation of The Daily Times Plc, the Anosike brothers and their company, Folio Communications, had sought to take away the business of publishing and circulating various titles on the stable of the Daily Times Plc, adding  that using its resources to incorporate and register 1st October and Times Press Limited, the Anosike brothers have employed various stratagems to take over aspects of the printing and publishing businesses of Daily Times Plc.


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