By Joseph Jibueze, Deputy News Editor
The Federal High Court in Lagos has adjourned a debt recovery case against Everest Nominees Limited and Dr Bolaji Ogundare by the Asset Management Corporation of Nigeria (AMCON) till October 13.
Justice Nicholas Oweibo, who is sitting during the court’s annual vacation, refused an application for an urgent hearing of a motion seeking to lift an earlier order of the court.
He directed the parties to return when the long vacation would have ended.
The move for an urgent hearing of the motion was to lift parts of a July 1 order made by Justice Mohammed Liman of the same court.
Justice Liman had empowered AMCON to take over assets of Everest Nominees due to the firm’s alleged indebtedness.
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The interlocutory order gave interim possession of the firm’s assets to AMCON’s appointed receiver/manager Mr Kunle Ogunba (SAN) of Insolvency Forte.
The judge ordered AMCON to take over several Oil Mining and Oil Prospecting Licences, such as OML 147, OML 152 and OML 98, belonging to Everest Nominees.
The corporation was also empowered to take over several properties belonging to the firm in Lagos.
Some of such properties are 33b, Adebayo Doherty Street, Lekki Phase I; FF Towers on Plot 13/14 Ligali Ayorinde Avenue, Victoria Island; 8, Modupe Alakija Crescent, Ikoyi, and Grand Villa at No. 10/12, Modupe Alakija Crescent, Ikoyi.
Others are 14, Modupe Alakija Crescent, Ikoyi, Lagos; Ark Towers on 17, Ligalli Ayorinde Avenue, Victoria Island; and Plot 5 and Plot 822, Samuel Manuwa Street, Victoria Island.
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