Justice Tijani Ringim of a Federal High Court, Ikoyi, Lagos, has set aside the sale of a limited liability company's property by AMCON while a debt recovery suit is still pending against the company.
It would be recalled that AMCON had instituted a debt recovery suit against a limited liability company, Scintilla Limited, its Managing Director, MD, Mike Chukwu and Quality Aqua Products Limited; a sister company to Scintilla Limited.
AMCON also initiated an application before the court praying for the interim order of the court to allow it to take possession and preserve the Scintilla's property situate at Eleganza Bus Stop, KM 20, Lekki-Epe Express way on May 9, 2017. The order was granted.
In their application filed and argued before the court by a Lagos lawyer, Chuks Nwana, the three defendants prayed for the following orders:
“An order of the court setting aside the sale of the Scintilla's company property situated at Eleganza Bus Stop, KM 20, Lekki-Epe Expressway by AMCON to the Incorporated Trustees of Salvation Ministries, the fourth defendant, during the pendency of the debt recovery suit.
"An order of the court declaring the purported sale of the company's property situated at Eleganza Bus Stop, KM 20, Lekki-Epe Express way by AMCON to the 4th defendant, Incorporated Trustees of Salvation Ministries, an abuse of judicial process therefore null and void.
“An order of the court directing the Incorporated Trustees of Salvation Ministries, the 4th defendant or whoever is in possession of the property situated at Eleganza Bus Stop, KM 20. Lekki-Epe Express way, to vacate the same until the final determination of the substantive suit.
“And for such further or other orders as the court may deem fit to make in the circumstance.”
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