JUST IN: COURT VOIDS SALE OF ETISALAT
Joseph Omoniyi
A Federal High Court in Abuja nullified the sale of telecommunication firm, Etisalat International Nigeria Limited (9mobile) to Teleology Nigeria Limited.
In a ruling delivered by Justice Binta Nyako, all steps taken in relation to the exchange of ownership of Etisalat were voided, despite pending orders for maintenance of status quo, restraining parties to a suit, involving investors and other stakeholders in the company, from destroying the res (subject matter).
The Nations reported that, Justice Nyako, who noted that parties were all aware of the existence of the suit, the defendants having been served between April 24 and 27, 2018 with the originating process, faulted the sale, as claimed by the plaintiffs in a motion filed on November 16, 2018
The judge held: “Any action that has been taken concerning the rest of this litigation from the 25th day of April, which is earlier in time, should revert to the position, as of the res, to its 25th day of April 2018.”
More Stories
WORLD HEALTH DAY: PRIORITISE LOCAL DRUG PRODUCTION – DG NNMDA URGES FG
The Director-General, Nigeria Natural Medicine Development Agency, NNMDA, Prof. Martins Emeje, has urged the federal government to make local drug...
INTERNATIONAL PRESS INSTITUTE DEMANDS RELEASE OF JOURNALIST ALLEGEDLY ABDUCTED BY POLICE
The Nigerian National Committee of the International Press Institute has demanded the immediate release of Daniel Ojukwu, a journalist with...
MASS BURIAL: UNIOSUN TEACHING HOSPITAL GIVES 14-DAY ULTIMATUM FOR UNCLAIMED CORPSES
The management of Osun State University Teaching Hospital, Osogbo, Osun State, has declared the mortuary of the hospital congested with...
LASG TO CREATE SUSTAINABLE WEALTH, EMPLOYMENT OPPORTUNITIES FOR RESIDENTS
The Lagos State Government has reiterated its commitment to strategically create sustainable wealth and employment opportunities for Lagos Residents in...
KANO GOVT SAYS JOURNALIST INJURED BY ‘METAL DEBRIS’, NOT STRAY BULLET
The Kano State Government has denied reports that a journalist, Naziru Idris Ya’u, was on Friday, injured after being by...
LAGOS GOVT ISSUES 48 HOURS QUIT NOTICE TO ILLEGAL SQUATTERS AT IKOYI TOWERS
Lagos State Government has issued a 48 hours ultimatum to illegal squatters at abandoned Ikoyi Towers, Lagos Island to evacuate....