3 December 2012

Nigeria: Court Summons Ajaokuta Steel Boss Over Contempt

A Federal High Court sitting in Lokoja has summoned the Sole Administrator of the Ajaokuta Steel Company, Engr. Joseph Isa Onobere, to show why he should not be punished for contempt.

Assistant Commissioner of Police, Innocent Okeanonife, in charge of the company was also summoned to appear before the court on Thursday, December 6.

The two allegedly prevented First Bank and Mr. Bola Olotu, the appointed receiver/manager to take inventory and possession of floating assets of the mortgaged company contrary to court order.

Justice I.E. Ekwo gave the order following an exparte motion filed by First Bank over the N6.2 billion loan facility taken by the company.

Copyright © 2012 Daily Trust. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.