The Court of Appeal, Abuja Division, has ordered a stay-of-execution of the committal order issued by the Federal High Court Abuja for the remand of the Director General of the Bureau of Public Enterprises , Alex Okoh, in prison custody for a minimum of 30 days for serial disobedience and contempt of the court.
ALSCON, located at Ikot Abasi in Akwa Ibom State, has been the subject of an ownership struggle between UC RUSAL and Nigeria-American consortium, BFIGroup since the government privatised the firm in 2004. But, BPE cancelled the outcome of the bid in controversial circumstances, triggering a bitter legal tussle that ended in July 6, 2012 with a unanimous ruling by the Supreme Court, which directed the BPE to rescind its decision to cancel the bid and hand over the company to BFIG.
Source: Law Daily Report (lawdailyreport.net)
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