Northern Nigerian Breaking News

AEDC controversy: Court orders parties to maintain status quo


A Federal High Court, Abuja, on Friday, ordered parties in a suit filed over the raging controversy on the alleged takeover of the Abuja Electricity Distribution Company (AEDC) to maintain status quo pending the next date of hearing.

Justice Inyang Ekwo, who gave the order following an ex-parte motion moved by counsel to the plaintiffs, Etigwe Uwa, SAN, ordered that the defendants be out on notice of the processes filed in the suit with in five days of making the order.

The News Agency of Nigeria (NAN) reports that the plaintiffs; CEC Africa Investments Limited and KANN Utility Company Limited, in a suit marked: FHC/ABJ/CS/1557/2021, had sued the Attorney General of the Federation (AGF) and Central Bank of Nigeria (CBN) as 1st and 2nd defendants.

Also joined in the suit dated and filed on Dec. 8 include Bureau of Public Enterprise (BPE), Ministry of Finance, AEDC, United Bank for Africa (UBA) and United Capital Trustees Limited as 3rd to 7th defendants respectively.

Read Also:BPE names 5-member interim management team for AEDC

elsamad new

The plaintiffs had sought an order restraining the AGF, CBN, BPE and Ministry of Finance from interfering with the operations and management of AEDC .

They sought an order, restraining the 1st to 4th defendants from taking any steps which may transfer or forfeit or reduce, or takeover or foreclose or dilute the 60 per cent shareholding of the 2nd plaintiff in AEDC in any manner or limit the 2nd plaintiff ability to exercise its full rights over the shares pending the hearing and determination of the matter.

Read Also:President Buhari sacks AEDC management over workers’ strike

After hearing the motion, Justice Ekwo ordered the parties to maintain status quo ante bellum pending the next date of hearing.

He adjourned the case until Dec. 20 for hearing of the motion on notice.(NAN)

  1. buy cocaine online here says

    204447 458069A extremely exciting go through, I might not agree completely, but you do make some genuinely legitimate factors. 200713

  2. 175103 233592A excellent clear cut answer and an excellent concept. But how do I post any function on this site is another question. The Foureyed Poet. 546768

  3. sbobet says

    405797 185436This is an excellent article and I totally realize where your coming from in the third section. Perfect read, Ill regularly follow the other reads. 666640

  4. İranlı Kadın Erkek Arkadaşıyla Evde Sikiş Porno İzle.
    Yalamaya ve ısırmaya başladı. Kat 12 no nun önündeydim.
    com tasak çingene kızı siken adam kuzenini yataga baglayip siken adam

  5. Where to buy Metformin online without a prescription Buy diabetes meds with Bitcoin and make the feds mad
    Online pharmacy for diabetes meds without a prescription – where can I find it?
    Insulin delivery by mail

  6. tarif du nasonex says

    Normally I don’t learn post on blogs, however I would like
    to say that this write-up very pressured me to try and do so!
    Your writing taste has been amazed me. Thanks, very great post.

  7. Remarkable! Its actually amazing post, I have got much clear idea regarding from this article.

  8. Paulina says

    Hello, I think your website might be having browser compatibility issues.
    When I look at your website in Opera, it looks fine but when opening in Internet
    Explorer, it has some overlapping. I just wanted to give you a quick heads up!
    Other then that, great blog!

  9. Guadalupe says

    Please let me know if you’re looking for a article author for your weblog.
    You have some really great posts and I feel I
    would be a good asset. If you ever want to
    take some of the load off, I’d really like to write
    some content for your blog in exchange for a link back to mine.
    Please send me an e-mail if interested. Many thanks!

Leave A Reply

Your email address will not be published.