₦airaland Forum

[b]Construction giant Dantata & Sawoe Construction Company Limited has escaped liquidation after settling a $1.4 million debt owed to Zutari Consulting Nigeria Ltd, prompting the Federal High Court in Abuja to strike out the winding-up petition against the company.
Justice Mohammed Umar dismissed the liquidation suit [/b]on Wednesday after confirming that Dantata & Sawoe had paid the full settlement amount covering the $1,257,592.83 debt for subcontract work on the Dangote Fertiliser Plant project in Lekki, Lagos.

In his ruling, Justice Umar vacated and discharged earlier orders that had appointed liquidators for the construction firm. The decision followed a review of affidavits presented to the court and submissions from counsel representing both parties.

Facing the threat of liquidation, Dantata & Sawoe had moved swiftly to clear the outstanding debt in full. Through a motion on notice filed by its lawyer, I.I. Okim, on December 4, the company informed the court that it had completely settled its obligation to Zutari Consulting Nigeria Ltd.

The legal battle had intensified months earlier when the court approved the publication of a winding-up petition against Dantata & Sawoe in two national dailies. Justice Umar had previously granted Zutari Consulting’s request for liquidator appointment, noting that the construction company had been given ample opportunity to settle the debt but repeatedly offered excuses.

When the matter came up for hearing, lawyers for both parties confirmed that a settlement had been reached. E. Joshua, representing Zutari Consulting, and Okim for Dantata & Sawoe jointly confirmed that the outstanding debt had been cleared.

Okim urged the court to grant his client’s motion in light of the payment, while Joshua made an oral application to discontinue the liquidation proceedings. Justice Umar granted the application after hearing from both counsel and struck out the case.

According to John Dalam, Head of Litigation and Insurance for Dantata & Sawoe, several credit transfers were made to Zutari Consulting to fulfill the payment obligation. He emphasized that continued execution of the liquidation order would have caused irreparable harm to the company.

The $1.4 million settlement relates to subcontract work performed on the Dangote Fertiliser Plant project in Lekki, Lagos, resolving a dispute that had threatened the existence of one of Nigeria’s major construction companies.

omoredia:
Dangote has come through for his fulani brother

tobtap:
Dangote isn't fulani,.. dantata n dangote families are hausas

Estello:
https://applesbite.com/dantata-sawoe-averts-liquidation-after-settling-1-4m-debt/

omoredia:
Dangote has come through for his fulani brother

omoredia:
Be deceiving urself. He is purely fulani. There is nothing like hausa-fulani thats a ploy to majority standing cos the hausa are more numerous but the fulanis are more influential

omoredia:
Be deceiving urself. He is purely fulani. There is nothing like hausa-fulani thats a ploy to majority standing cos the hausa are more numerous but the fulanis are more influential

omoredia:
Be deceiving urself. He is purely fulani. There is nothing like hausa-fulani thats a ploy to majority standing cos the hausa are more numerous but the fulanis are more influential

Estello:
https://applesbite.com/dantata-sawoe-averts-liquidation-after-settling-1-4m-debt/

omoredia:
Dangote has come through for his fulani brother

Tboy222:
Dangote should enjoy his money while it last
Time is short.

The economic collapse would not be televised, solar flares, geomagnetic Storms, Aurora's in the sky ,as we approach the end of the age.

Silver stock is rising, now at $64, gold at $4280.

It is no coincidence, God Almighty works in patterns, Donald Trump was installed by God to fufill his will.


It is no wonder He is 79 years of age, the same atomic number of gold.

And he is America 47th president , the same atomic number of silver.

Glory be to God our Father, and the holy Spirit our Mother Shekinah.

And to Jesus and his twin sister Sophia 🌹 and her seven pillars of fire. Her seven candlesticks that burn before the throne.

Expect the economic crash of the dollar, bank collapse, earthquake, as 3I atlas approaches Earth.

Enough is enough ,

omoredia:
Dangote has come through for his fulani brother

Apcshit:
Monopoly man .Making proceeds from the corrupt corrupt country

tobtap:
Dangote isn't fulani,.. dantata n dangote families are hausas

tobtap:
Dangote isn't fulani,.. dantata n dangote families are hausas

tobtap:
Dangote isn't fulani,.. dantata n dangote families are hausas

Apcshit:
Monopoly man .Making proceeds from the corrupt corrupt country

Tboy222:
Dangote should enjoy his money while it last
Time is short.

The economic collapse would not be televised, solar flares, geomagnetic Storms, Aurora's in the sky ,as we approach the end of the age.

Silver stock is rising, now at $64, gold at $4280.

It is no coincidence, God Almighty works in patterns, Donald Trump was installed by God to fufill his will.


It is no wonder He is 79 years of age, the same atomic number of gold.

And he is America 47th president , the same atomic number of silver.

Glory be to God our Father, and the holy Spirit our Mother Shekinah.

And to Jesus and his twin sister Sophia 🌹 and her seven pillars of fire. Her seven candlesticks that burn before the throne.

Expect the economic crash of the dollar, bank collapse, earthquake, as 3I atlas approaches Earth.

Enough is enough ,

Kewekubosineh:
Stop it.

Why lying

Dantata and Dangote families are Fulanis, though they have filial relationship with Hausa. This is because of decades of doing business together and living together which made it possible able to assimilate Hausa cultures.

Hope you now understand?

You could argue with the Marines!