A Lagos-based businessman, Mr Tunde Folawiyo, has filed an exparte motion before a Federal High Court in Lagos seeking an order of stay of execution of an ex-parte orders made against him in satisfaction of a judgement debt. Justice Lewis Allagoa had made orders against Mr. Folawiyo in a suit filed by the Asset Management Corporation of Nigeria (AMCON) over Folawiyo’s alleged unpaid debt of N727.9 million in relation to a company directorship at Compagnie Generale de Logistique. Folawiyo, in a suit no: FHC/L/CS/799/2020, is seeking an order of stay…
Read MoreFOLAWIYO SEEKS INJUNCTION AGAINST AMCON’S EX PARTE ORDER, DISSOCIATES SELF FROM DEFAULTING COMPANY
