Justice Ibrahim Buba of the Federal High Court, Lagos on Monday suspended an order leading to the appointment of a former president of the Nigerian Bar Association (NBA), Olisa Agbakoba (SAN) as receiver over the assets of Bi-Courtney Limited, its chairman Chief Wale Babalakin (SAN) and other three persons.
Justice Buba dismissed the order made by another judge, Justice Okon Abang, saying it was made in obvious error.
The judge was of the view that the order was not necessary, considering that there were related cases on the same issue before him.
He said the facts were not disclosed completely to Justice Abang before he made the order. Hear him: “brother judge” was misled, he declared Agbakoba’s appointment null and void and adjourned hearing on the substantive suit’’
Recall that the Murtala Muhammad Airport 2 (MMA 2) is owned by Bi-Courtney pursuant to a concession agreement with the Federal Government. DailyPost recalls that the same Agbakoba was also appointed receiver over the assets of Chartered Investment Limited, Resort International Limited and Roygate Properties Limited.
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