Ascon Oil Company Ltd has denied a claim by Stanbic IBTC Bank PLC that it retook possession of its petrol station at Block 36, Admiralty Way, Lekki Phase 1, unlawfully.Stanbic IBTC had in a statement on August 11 said that no court order was granted for the takeover of the property.
But debunking Stanbic’s position in its own statement on Thursday, Ascon said, “We note that Stanbic IBTC PLC in its statement on August 11, 2020 stated that there was no order granted by the Federal High Court on the basis of which Ascon Oil Company Limited took possession of its petrol station at Block 36, Admiralty Way, Lekki Phase 1.
“On the 24th July, 2020, Honourable Justice Mohammed Liman of the Federal High Court in his ruling setting aside his earlier order in part on the basis of fair hearing, stated that Ascon ought to have been put on notice after the ex parte order was made on the 15th of May 2020.
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