Firm prays court to halt takeover of its assets over disputed loan | The Guardian Nigeria News - Nigeria and World News

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“The rules of the Federal High Court Rules 2019 abhors multiplicity of suits.” AMCON FederalHighCourt Loans

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Justice Mohammed Liman had in that order filed by counsel to AMCON, Kunle Ogunba authorized its receiver-manager to take interim possession of the assets of the defendants.

But the defendants in a stay of execution applications asked the court to dismiss the application or in the alternative stay the execution sine die, pending the determination of the originating summons in suit No. FHC/L/CS/552/2020 dated May 11, 2020, which is before the same judge as well as appeal No. CA/LAG/322/2020 in Court of Appeal, Lagos.

“The rules of the Federal High Court Rules 2019 abhors multiplicity of suits. The AMCON Proceeding Rules 2018 specifically seeks to avoid multiplicity of suits. Multiplicity of suits is an abuse of court process and abuse of court process robs the court of jurisdiction,” counsel to Pan Ocean, led by Oluwemimo Ogunde and Taiwo Shittu stated.

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