Court Okays Process To ‘Jail’ AMCON MD, Kuru Over NICON Assets AMCON Building

An Abuja Federal High Court has issued an order to commence committal proceedings against the Managing Director of the Assets Management Company of Nigeria (AMCON), Ahmed Lawal over alleged seizure of NICON Insurance Ltd’s assets.

The court on Friday granted permission to Jimoh Ibrahim and three of his companies to commence committal proceedings against three principal officers of the Asset Management Corporation of Nigeria (AMCON) for allegedly flouting the court’s earlier orders.

The affected principal officers are the Managing Director, Lawal and two Executive Directors – Eberechukwu Uneze and Aminu Ismail.

Justice Okon Abang who delivered the ruling said in view of the allegations by Ibrahim and his companies that AMCON and other defendants in a suit pending before the court, flouted orders earlier made, the applicant were entitled to leave to commence committal proceedings against the alleged contemnors.

Justice Abang, in the ruling an ex-parte motion by Ibrahim and his three companies, ordered that Form 48 (notice of consequences of disobedience to order of court) and Form 49 (notice to show cause why an order for committal to prison should not be made pursuant to Section 72 of the Sheriffs and Civil Process Act and Order 9 Rule 13 of the Judgments Enforcement Rules) be issued and served on the three identified principal officers of AMCON.

The judge issued the orders after listening to lawyer to Ibrahim and his three companies, Victor Ogbonna, who claimed that despite giving undertakings to obey orders made by the court in the pending suit marked: FHC/ABJ/CS/760/2021 filed by his clients, AMCON flouted the orders by taking steps capable of undermining the subject of the pending suit.

The companies suing with Ibrahim are – NICON Investment Limited, NICON Insurance Limited and NICON Reinsurance Corporation Plc.

A copy of the enrolled order of the ruling, sighted in Abuja on Friday reads: “The court having considered the allegations that the 1st to 12th defendants (in the pending suit – FHC/ABJ/CS/760/2021) have flouted the undertakings freely, voluntarily given by their counsel on 16/8/2021 that the defendants will not take steps to undermine the subject matter of the plaintiffs’ suit and the said undertakings reaffirmed by their counsel in court in the proceedings of 9/3/2022.

“The court having also considered that, based on the said undertakings freely given by the defendants’ counsel and binding on the defendants, this court on 16/8/2021 made an order restraining the defendants from taking steps to flout order made in the plaintiffs favour pending hearing and determination of the suit.

“The having considered that the said undertaking was made by consent of the defendants and is not appealable except with leave of court.

“The court having also considered that it is alleged that the defendants violated the court’s order and the alleged violations are as mentioned in the body of the ruling delivered in the open court today the 11th of March, 2022.

“The court having considered that it is legally impossible to cite AMCON, as an institution, for contempt where it is alleged that it has flouted court’s order, that it is the natural persons, the principal officers, the prime movers, the alter ego, the directing minds that take decisions for Amcon.

“And the court having considered, where AMCON is alleged to have flouted court’s order, it is the natural persons that take decisions for it that should be cited for contempt.