News

January 12, 2024

Receiver manager, directors risk jail term over contempt

Receiver manager, directors risk jail term over contempt

By Innocent Anaba

LAGOS—A Federal High Court, sitting in Lagos, has been asked to commit the Receiver/Manager of Platform Capital Investment Partners Limited, and some of its directors, to prison over alleged refusal to obey an order of the court.

Form 48, which is a notice of consequence of disobedience of court order in the case by Norsad Capital Limited and two others, warned that unless the alleged contemnors obeyed the directions contained in the order of the Federal High Court made on January 3, 2024, by Justice Akintayo Aluko, they would be guilty of contempt of court and would be liable to be committed to prison.

Justice Aluko had on January 3, 2024, in suit FHC/L/CS/1984/2023, ordered parties in the case to maintain the status quo.
The court also forbade parties from doing anything to foist a fait accompli on the court.

Consequently, the court also sent the case file back to the court registry.

Justice Aluko made the order after hearing Adeola Kembi, for the claimants, M. Oladiran, for the 1st defendant, O. Oshobi, SAN, for the 2nd defendant/counter-claimant with F. Ayem, for the 2nd defendant/counter-claimant, Akinwale Irokosu, for the 3rd defendant, Chief Ayorinde, SAN, for persons seeking to be joined by application dated 17/10/2023.

The court, in a bench ruling, said: “It is, hereby, ordered as follows: That parties in this case are hereby ordered to maintain status quo and parties are forbidden from doing anything to foist a fait accompli on the court.
“That the case file of this matter is to be sent back to the court registry.”

However, in an alleged disobedience to the order of the court, former Chairman of Duport Midstream Company Ltd, Bolaji Kuku, in a letter dated January 9, 2024, called for an Extraordinary General Meeting, EGM, of Directors of Duport Midstream Co Ltd, scheduled to hold January 11, 2024.

Parts of the agenda for the General Meeting include the appointment of a Company Secretary, Change of signatory mandates for Duport Midstream Co Ltd bank accounts and Constitution of a special committee to urgently engage creditors Forensic audit among others.

Meanwhile, in a letter written to the Receiver/Manager, Mrs Oghogho Makinde, Mr Akinlabi Apara warned that the purported Notice of Extraordinary General Meeting of Duport Midstream Company Limited (Duport) dated January 9, 2024, was in disobedience of a court order.

Exit mobile version