ENERGY HOUSE DOES NOT BELONG TO NICON INVESTMENT LIMITED, NOR BARRISTER JIMOH IBRAHIM NOR ANY PERSON OR ENTITY CONNECTED TO HIM OR TO THE LAWSUIT – FIRMS

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Ladico Industrial Company Limited and International Energy Services Limited, have kicked against the attempt by the Asset Management Company of Nigeria (AMCON), to take possession of the building, popularly known as Energy House, located at 90, Awolowo Road, Ikoyi, Lagos, Nigeria.

In a statement obtained by ROTA MEDIA, www.rotamedianews.com from Seye Ayandele, Company Secretary, Ladico Industrial Company Limited and International Energy Services Limited, stated “Our attention has been drawn to publications in several national newspapers, stating that the Asset Management Company of Nigeria (AMCON) on 18th November, 2020 lawfully took possession of an office building known as Energy House, 94, Awolowo Road, Ikoyi, Lagos belonging to Ladico Industrial Company Limited, an affiliate of International Energy Services Limited pursuant to an Order of the Federal High Court dated 4th November, 2020 issued Suit No: FHC/L/CS/776/2016 in the matter between AMCON, CLAIMANT versus NICON Investment Limited, Global Fleet Oil and Gas Limited, DEFENDANTS, Barrister Jimoh Ibrahim.”

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It stated; “By this statement, we wish to inform our clients, partners and the general public that the building known as Energy House, 94, Awolowo Road, Ikoyi, Lagos does not belong to NICON Investment Limited, nor Barrister Jimoh Ibrahim nor any person or entity connected to him or to the lawsuit in question.
“Ladico Industrial Company Limited and International Energy Services Limited are not in any way indebted to AMCON. The Court Order dated 4th November, 2020 obtained by AMCON was based on a misrepresentation and misstatement of facts by which the Court was misled to issue the said Order.

AMCON had in fact earlier obtained an Order of the Court on 8th June, 2016 alleging that the building known as Energy House, 94, Awolowo Road, Ikoyi, Lagos belonged to the Defendants in the lawsuit and granting AMCON interim possession of the building.”

Continuing, it stated: “Upon our application to the Court pointing out AMCON’s gross error, the Court by an Order dated 11th July, 2016 vacated its earlier Order of 8th June, 2016. The Order dated 4th November, 2020 obtained by AMCON is in direct contravention of the subsisting Order of the Court dated 11th July, 2016 in the same law suit.”

It also added “We therefore urge our clients, partners and the general public to kindly disregard the said news publications.”

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