A coalition of civil society groups under the aegis of Civil Society Organizations in Defence of Justice have petitioned the Chairman, Economic and Financial Crimes Commission EFCC, Abdulrasheed Bawa to flush out personnel who are fond of abusing court orders, saying the commission should be seen as obeying the rule of law and not perverting justice.

The group also call out First bank Ltd over its refusal to honor the court judgement directing the bank to allow access to the funds of Eleme Petrochemical Co-operative and credit society

Convener of the Coalition, Comrade Sam Adah gave the charge on Friday in Abuja at a media interface.

He cited the plight of some members of the Eleme Petrochemical Cooperative and Credit Society in Rivers State who he said have been seeking justice over issues regarding equity shares in the company.

He said; “On February 26, 2009, the federal government through the National Council on Privatization had approved the sale of 10% of its equity shares in Indorama Eleme Petrochemicals Ltd, Port Harcourt, Rivers State to the host community and interested staff of Indorama Eleme Petrochemicals Ltd. The 10% equity shares was shared as 7.5% was allotted to the host community while the remaining 2.5% was allotted to the Staff of Indoroma Eleme Petrochemicals.

“Interested Staff came together under Eleme petrochemical co-operatives in compliance to the federal government directive that a special purpose vehicle be formed where all members will belong to enable them buy the shares.

“In 2013, 10 staffs who initially subscribed to the purchase of the 2.5 equity shares had their jobs terminated from the employment of Indorama Eleme Petrochemicals.

“This led to the beginning of a legal battle as to whether the laid off staff can continue to enjoy the dividends since they were not longer staff in the company.

“When the shareholding became an issue the laid off staff approached the River State Ministry of Commerce and Industry to arbitrate between it and the cooperative, the Ministry gave an Arbitral Award in favour of the laid off staff and consequently the exited staffs of the co-operative approached the federal high court to enforce the arbitral award and as required by law it was granted and the award became a judgment of the Federal High Court.

“The judgement affirmed the laid off staffs as the authentic owners of the shares. It is off important to note that this judgement has not been appealed to this day.

“This act continued until Justice Taiwo .O.Taiwo of the Federal High Court in Suit FHC/ABJ/SC/1222/2020 granted an Order stopping the EFCC from arresting, inviting, detaining and prosecuting or inquiring into the acquisition of shares of Indorama Petrochemicals

“EFCC went behind to get an interim order from another high court of coordinate jurisdiction to temporarily freeze the account of the co-operative”.

The activists asked Mr Bawa to revisit the case and “make sure that certain elements in the agency promoting abuse of court orders are arrested and dealt with accordingly”.

While also threatening court action against First bank Ltd.

http://www.signalng.com/eleme-co-operative-civil-society-organization-warn-first-bank-over-disobedience-to-court-orders/

Which court orders again? The striking courts that no one even notices are striking or which?

Nija will create law, those that made the law becomes above the law and when they see that eye's are on them for disobeying the law, there next move is to amend it to suit themselves.

U

C

This country with e own oo

HOLYDICK:
U

you allow ur moniker control ur reasoning. What is the meaning of this nonsense?

[color=#990000][/color]anybody with knowledge on equity,i want to know more.

Wike don see wetin to comment again tomorrow to blame buhari and FG, watch and see...daht nigga runs his mouth like tap unnecessarily

More regulations.

Okay next news please...

When God is set to take you far,
He starts separating you from the set of people who are not needed in your journey�....

Is there any rule of law anywhere in Nigeria?

Lawlessness na from top so why worry

A

Is it enough to accept falsehood on the ground that it prospers or is popular?

Join us as we explore this very important topic which many people try to avoid - even preachers.


https://www.youtube.com/watch?v=y3Q5uFq_iQ4

Ok

Na wa o

the only authority banks respect and take orders from is the cbn!report to cbn!!

The Law is useless in Nigeria...

I wish it was USA or south Korea, them no born dem well

ProfAmaben:
Which court orders again? The striking courts that no one even notices are striking or which?

The strike ended last week I think

Hmmmmm

May God no let my victory for life depend on court judgements

How person win case for court then e problem for double