The Federal High Court in Lagos had ordered the takeover of the company’s property by AMCON for not paying the loan obtained from the defunct Oceanic Bank.
The Supreme Court on Friday affirmed the judgment of the Court of Appeal Lagos nullifying the takeover of the landed property of Suru Worldwide Ventures Nigeria Limited by the Asset Management Corporation of Nigeria (AMCON). | Pulse Nigeria
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A Federal High Court in Lagos had in May 2017 ordered the takeover of the company's property by AMCON for not paying the loan obtained from the defunct Oceanic Bank.
The Supreme Court has affirmed the judgment of the Court of Appeal, Lagos, which nullified the takeover of the landed property of Suru Worldwide Ventures