By Anayo Okoli
Abaâ€”An Abia State High Court sitting in Aba, has ordered the Inspector General of Police, Mr. Ogbonna Onovo, to reopen a company, International Equitable Association Ltd,Â which was sealed off by the police last year on account of alleged fraudulent activities which was reported by some directors of the company.
Trial judge in the matter, Justice S. Nwanosike, made the order, following an application by the company.
It will be recalled that crisis of confidence had rocked the management of the company, which polarized the directors. The crisisÂ became aÂ police matter and later went to the court. The police had to seal off the premises of the firm when they were called in to mediate in the matter.
But ruling on the matter, the judge noted that it was without prejudice to the on-going investigation by the police ofÂ allegation of fraud which was the initial complaints of the applicants.
â€œThe respondents are hereby ordered to unseal and reopen the premises of the Company forthwith,.â€ the court ordered.
According to the court, â€œthis order is without prejudice to the respondents investigating the allegation of fraud which was the initial complaint.â€
Justice NwanosikeÂ said, â€œupon reading the affidavit of Chief John Onwukwe (Managing Director of the Company) and after hearingÂ E.M. Ojiako, counselÂ for applicant, and Njoku Eronini, counsel for the respondents, it is hereby ordered as follows;Â that the respondentsÂ unseal and re-open the premises of the company forthwith.â€