N1.8bn Debt: Court Vacates Order against PDP Chieftain

A Federal High Court in Lagos has discharged an exparte orders made against a chieftain of the Peoples Democratic Party (PDP), Mr. Segun Adewale, owner of Aeroland Travels.

Justice Daniel Osiagor had on February 7 granted the exparte order filed by the Asset Management Corporation of Nigeria (AMCON) against the firm of the PDP chieftain.

The order empowered AMCON to seal the firm and other properties belonging to Adewale.

Some of the properties sealed by AMCON, in a suit numbered FHC/L/CS/AMC/154/2021, include; Plot 4 & 4B Block 66 Magodo Scheme, Lagos State; Plot 9, Block 44c, Adetoro Adelaja Street, Magodo Lagos; Number 4C Maye Ogundana Street, Magodo Lagos, and number 10 Oluyomi Oshinkoya Street, Magodo Residential Scheme, Lagos.

Others are Plot 8, Block 66, Residential Scheme, Sangisha, Lagos; No. 2A John Olugbo Street, Ikeja, Lagos; No. 2 Fadeyi Street, off

Awolowo way, Ikeja, Lagos; No. 8 Surulere Alelor Street, Millenium, Gbagada; and No. 14 Jerry Iriabe Street, off Bashorun Okunsanya, off Admiralty Road, Lekki Penisula.

However, Adewale through his lawyer, Tope Alabi, in a motion pursuant to sections 6 and 36 of the Constitution, sections 49(3) and 50(2) of AMCON Act, 2020 (as amended), and Order 26 Rules 9(1) of the Federal High Court (Civil Procedure) Rules 2019, prayed that court for an order discharging and/or vacating the orders.

He also asked for an order directing AMCON to indemnify him for damages suffered as a result of the exparte orders made on February 7.

Alabi told the court that AMCON materially misrepresented, and concealed material facts from the Court and engaged in deliberate suppression of facts.

He argued that the court lacked jurisdiction to entertain the matter or made the ex-parte orders in issue, as the underlying matter amounts to gross abuse of court process.