The managements of Bi-Courtney Limited, Chartered Investment Limited,
Resort International Limited and Roygate Limited have refuted the claim by a
Senior Advocate of Nigeria, Dr. Olisa Agbakoba that the companies asset were
conceded to the Asset Management Corporation of Nigeria over alleged N50bn
debt.
The company in a statement on Sunday maintained that it was AMCON that
was owing Bi-Courtney N132bn.
Bi-Courtney Ltd, a company belonging to Dr. Wale Babalakin, operates the
Murtala Muhammed Airport 2 in Lagos based on a concession agreement between the
company and the Federal Government.
Also, based on a concession agreement between Roygate Properties Limited
and the Federal Government, the former operates the old Federal Secretariat
building in Ikoyi, Lagos.
According to the firms, a Federal High Court had awarded the N132bn in
favour of Bi-Courtney Limited against the Federal Government and AMCON on
November 4, 2011.
Agbakoba had in a statement said that a Federal High Court in Lagos gave
AMCON an interim order to take over the management of the companies and their
bank accounts.
The SAN had further stated that he had been appointed as the manager of
the assets being the lawyer to AMCON.
But Bi-Courtney in a statement alleged that the said interim order was fraudulently
and unlawfully obtained.
The company alleged that while seeking the order, AMCON had purposely
concealed the ruling of the Federal High Court which restrained the corporation
from interfering with the operations and finances of Bi-Courtney Limited and
the others.
The management of the company further claimed that a Federal High Court
in Lagos had on September 25, 2014 restrained AMCON and its associates from
“any attempt to interfere with Bi-Courtney Limited and condemned AMCON’s
attempt to violate an existing court order as unlawful, contemptuous,
irresponsible and inconsistent with the laws of Nigeria.”
The company said it warned and advised the public to ignore the notice
issued by AMCON that the companies’ assets had been conceded to AMCON and
Agbakoba appointed as the receiver manager.
The company said, “We want to reiterate and assure our customers and the
general traveling public who have enjoyed the widely-acclaimed services of MMA2
of their continued comfort, security and safety within the laws of Nigeria. Our
business and undertakings are being carried out as usual.”
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