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AT the Federal High Court sitting in Lokoja, the capital city of Kogi State, has ruled in favour of a mining company named Quest Two Enterprises, which sued the Dangote Group Plc and three of its subsidiaries for breach of contract.
The Federal High Court presided over by Justice Phoebe Ayua, in a November 30, 2017 judgment order, granted the mining firm’s claim of N2,697,125,000 against Dangote Group Plc.
Listed as other defendants in the 2014 suit lawsuit are Dangote Cement Plc, Obajana Cement Plc, Dangote Industries Limited and Jakura Marble Industries Limited.
The judge subsequently on December 5, 2017 granted a garnishee order nisi empowering the mining firm to proceed to the 21 commercial banks in Nigeria, where the defendants may have funds, to recover the judgment credit.
The defendants have, however, appealed the judgment and also filed an application to stay the execution of the judgment pending the outcome of the appeal.
Justice Ayua adjourned till January 9, 2018 to hear the application for stay of execution.
In their suit, Quest Two Enterprises and its Chief Executive Officer, Paul Akanegbu, had claimed various sums of money to cover for breach of contract, special damages and specific performance of Dangote’s obligations contained in two Memoranda of Understanding dated January 2, 2014 and February 10, 2014.
Apart from opposing the suit, the Dangote Group also filed a counter-claim demanding a payment of N3bn from the plaintiffs.
But the court, in the judgment order, held that “The 1st to 4th defendants have failed to prove their claim as indicated in the counter-claim.”
The Federal High Court presided over by Justice Phoebe Ayua, in a November 30, 2017 judgment order, granted the mining firm’s claim of N2,697,125,000 against Dangote Group Plc.
Listed as other defendants in the 2014 suit lawsuit are Dangote Cement Plc, Obajana Cement Plc, Dangote Industries Limited and Jakura Marble Industries Limited.
The judge subsequently on December 5, 2017 granted a garnishee order nisi empowering the mining firm to proceed to the 21 commercial banks in Nigeria, where the defendants may have funds, to recover the judgment credit.
The defendants have, however, appealed the judgment and also filed an application to stay the execution of the judgment pending the outcome of the appeal.
Justice Ayua adjourned till January 9, 2018 to hear the application for stay of execution.
In their suit, Quest Two Enterprises and its Chief Executive Officer, Paul Akanegbu, had claimed various sums of money to cover for breach of contract, special damages and specific performance of Dangote’s obligations contained in two Memoranda of Understanding dated January 2, 2014 and February 10, 2014.
Apart from opposing the suit, the Dangote Group also filed a counter-claim demanding a payment of N3bn from the plaintiffs.
But the court, in the judgment order, held that “The 1st to 4th defendants have failed to prove their claim as indicated in the counter-claim.”
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