Tag: law

GHL Accuses AMCON of Attempting Illegal Receivership Despite Court Injunction

GHL Accuses AMCON of Attempting Illegal Receivership Despite Court Injunction

General Hydrocarbons Limited (GHL) has raised alarm over what it describes as an unlawful and contemptuous attempt by the Asset Management Corporation of Nigeria (AMCON) to appoint a Receiver over the company in defiance of a valid court order. In a strongly-worded statement on Wednesday, the company stated that Justice Lewis Allagoa of the Federal… Read More GHL Accuses AMCON of Attempting Illegal Receivership Despite Court Injunction

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BREAKING: GHL Floors First Bank As Court Sets Aside Assets Freezing Orders

General Hydrocarbons Limited Denies Owing First Bank of Nigeria

….Judge Says First Bank Suppressed Relevant Facts To Secure Order In a landmark victory for General Hydrocarbons Limited,  the Federal High Court in Lagos has set aside an order of Mareva injunction freezing  the assets of the company and its directors. The court, while upholding the arguments of GHL’s counsel, Abiodun Layonu, SAN held that … Read More BREAKING: GHL Floors First Bank As Court Sets Aside Assets Freezing Orders

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Judge Adjourns for Ruling in Mareva Suit between First Bank Nigeria and General Hydrocarbons Limited and Several Others

General Hydrocarbons Limited Denies Owing First Bank of Nigeria

A Mareva injunction suit involving First Bank Nigeria, General Hydrocarbons Limited, and several others took a new turn on Friday, January 17, 2025, as Dr. Abiodun Layonu SAN moved to set aside the injunction and other punitive ex parte orders granted to the plaintiffs. According to Dr. Layonu, there was a clear case of suppression… Read More Judge Adjourns for Ruling in Mareva Suit between First Bank Nigeria and General Hydrocarbons Limited and Several Others

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