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Nairaland Forum / Nairaland / General / Business / Court Orders AMCON To Pay Ifeanyi Ubah's Capital Oil N26 Bn (25215 Views)
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Court Orders AMCON To Pay Ifeanyi Ubah's Capital Oil N26 Bn by RadicalYoutman(m): 8:19pm On Oct 06, 2016 |
In what could be described as an epic judgment a Federal High Court in Abuja on Thursday ordered the Asset Management Corporation of Nigeria (AMCON) to pay Capital Oil and Gas Limited the sum of N26Billion as contained in the consent judgment delivered in 2013. http://www.thebreakingtimes.com/?p=37300 13 Likes 1 Share
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Re: Court Orders AMCON To Pay Ifeanyi Ubah's Capital Oil N26 Bn by sarrki(m): 8:20pm On Oct 06, 2016 |
Observing |
Re: Court Orders AMCON To Pay Ifeanyi Ubah's Capital Oil N26 Bn by bluaero(m): 8:21pm On Oct 06, 2016 |
Isokay 1 Like |
Re: Court Orders AMCON To Pay Ifeanyi Ubah's Capital Oil N26 Bn by dukechilezie(m): 8:21pm On Oct 06, 2016 |
See the huge sum of money that is been mentioned here. The rich are getting richer while the poor are getting poorer.(Oligarchy). I hope Ifeanyi Ubah will use that money to boost the economy and empower the poor ones. At last, the judge will have his own share of the money. 1 Like 1 Share |
Re: Court Orders AMCON To Pay Ifeanyi Ubah's Capital Oil N26 Bn by Dcomrade(m): 8:24pm On Oct 06, 2016 |
Interesting.. .. 1 Like 1 Share |
Re: Court Orders AMCON To Pay Ifeanyi Ubah's Capital Oil N26 Bn by Grundig: 8:31pm On Oct 06, 2016 |
To be a real buisness man you must be able to push boundaries and call anyone's bluff. Ifeanyi ubah has done just that. He has practically won every single battle he went for with exception of the governorship race. I dobt buy his style of doing business but heck, dude knows how to go for the kill.. but I feel his cup is about to run ovet. Ifeanyi ubah needs to learn to do business the right way. 39 Likes |
Re: Court Orders AMCON To Pay Ifeanyi Ubah's Capital Oil N26 Bn by WebSurfer(m): 8:35pm On Oct 06, 2016 |
![]() 1 Like |
Re: Court Orders AMCON To Pay Ifeanyi Ubah's Capital Oil N26 Bn by fulaniHERDSman(m): 8:38pm On Oct 06, 2016 |
Great news! ![]() 1 Like |
Re: Court Orders AMCON To Pay Ifeanyi Ubah's Capital Oil N26 Bn by NaijaMutant(f): 8:42pm On Oct 06, 2016 |
Lol!!!! I pray for every Nairalander, May every evil machinations of your enemies become a catalyst to your breakthrough 25 Likes 2 Shares |
Re: Court Orders AMCON To Pay Ifeanyi Ubah's Capital Oil N26 Bn by Xapio: 8:57pm On Oct 06, 2016 |
More money for the rich while the poor keeps getting poorer... Anyway, Ifeanyi Uba keep the fire burning, we Igbos are behind you. 16 Likes |
Re: Court Orders AMCON To Pay Ifeanyi Ubah's Capital Oil N26 Bn by RadicalYoutman(m): 9:03pm On Oct 06, 2016 |
Welcome development . its about time AMCON begins to do the right thing. 18 Likes 1 Share |
Re: Court Orders AMCON To Pay Ifeanyi Ubah's Capital Oil N26 Bn by Dcomrade(m): 9:06pm On Oct 06, 2016 |
Love this part ![]() He further advised to live up to its statutory responsibility of reviving the nation's economy through positive supports for businesses to thrive 45 Likes 3 Shares |
Re: Court Orders AMCON To Pay Ifeanyi Ubah's Capital Oil N26 Bn by naturev14(m): 9:09pm On Oct 06, 2016 |
Great news... they should do the right thing... its been a long time coming. Kudos to Capital Oil and Gas Industries limited 10 Likes 1 Share |
Re: Court Orders AMCON To Pay Ifeanyi Ubah's Capital Oil N26 Bn by McRenceMLT: 9:10pm On Oct 06, 2016 |
Who God has bless, no man can curse! Dr Ifeanyi Ubah is blessed and fovoured by God so am not surprised by the judgement. Nice one for him. Kudos ... 15 Likes |
Re: Court Orders AMCON To Pay Ifeanyi Ubah's Capital Oil N26 Bn by midascnn(m): 9:12pm On Oct 06, 2016 |
Great news, Justice delayed at the end wasnt Justice denied. I do hope the management of AMCON do whats right by paying up as the court has instructed. 3 Likes |
Re: Court Orders AMCON To Pay Ifeanyi Ubah's Capital Oil N26 Bn by unintaruptes: 9:20pm On Oct 06, 2016 |
Na so so we we |
Re: Court Orders AMCON To Pay Ifeanyi Ubah's Capital Oil N26 Bn by BrutalJab: 9:20pm On Oct 06, 2016 |
Very good. Where are those bad belles mocking him then ![]() 8 Likes |
Re: Court Orders AMCON To Pay Ifeanyi Ubah's Capital Oil N26 Bn by Nobody: 9:21pm On Oct 06, 2016 |
all over rich men are thieves.. like dangote, Buhari, etc but I know you will not like to hear it 1 Like |
Re: Court Orders AMCON To Pay Ifeanyi Ubah's Capital Oil N26 Bn by solace2013: 9:24pm On Oct 06, 2016 |
tell me when that money is paid 1 Like |
Re: Court Orders AMCON To Pay Ifeanyi Ubah's Capital Oil N26 Bn by yedidiah(m): 9:24pm On Oct 06, 2016 |
It's like the courts are doing bonanza today; dishing out money upandan. Make me sef look for who to sue... 7 Likes |
Re: Court Orders AMCON To Pay Ifeanyi Ubah's Capital Oil N26 Bn by midascnn(m): 9:25pm On Oct 06, 2016 |
Unbiased judgement, the hope of the people still lie in the judiciary system since manipulation and intimidation by some elements are common. I do believe this will be a notice of warning to potential companies/corporation AMCON will wish to jack without due and thorough investigation. Kudos to the management of Capital Oil and Gas for taking the bull by its horn. 4 Likes |
Re: Court Orders AMCON To Pay Ifeanyi Ubah's Capital Oil N26 Bn by teemy(m): 9:25pm On Oct 06, 2016 |
this and sen melaye's win against the police adds to the fact that anyone can win in court even against govt bodies. 2 Likes |
Re: Court Orders AMCON To Pay Ifeanyi Ubah's Capital Oil N26 Bn by Jamaticulus(m): 9:25pm On Oct 06, 2016 |
Na waah oh! Na diz pple sabi d name wey den dey call Money! |
Re: Court Orders AMCON To Pay Ifeanyi Ubah's Capital Oil N26 Bn by naturev14(m): 9:26pm On Oct 06, 2016 |
at last they have no choice than to do what was supposed of them |
Re: Court Orders AMCON To Pay Ifeanyi Ubah's Capital Oil N26 Bn by SammyGyang(m): 9:26pm On Oct 06, 2016 |
Awesome judgment... |
Re: Court Orders AMCON To Pay Ifeanyi Ubah's Capital Oil N26 Bn by martineverest(m): 9:27pm On Oct 06, 2016 |
eagerly waiting for my brothers from the neigbhouring region to criticise the judge,apc and efcc as they did to tiemepre silva ,dino and northerner's judjement |
Re: Court Orders AMCON To Pay Ifeanyi Ubah's Capital Oil N26 Bn by davodyguy: 9:27pm On Oct 06, 2016 |
Yeye. I laugh I trust Amcon though. If it's the same Amcon that I work form. Here's it Amcon will pump in money to revitalise COG and rather pay the trade creditors directly. That's the way to go. Also pay salaries of workers owed since 2012 Amcon would be silly to pay such amount into COG's account, cos COG is indebted to close to N100billion with Amcon and if all the assets are sold, it can not pay the debt. Option left for Amcon is to continue the business on going concern basis, pumping in money in order to make money. A lot of people posting on this thread have no idea of what's on ground. They're here either hailing the judgement or criticising. We already advised both parties last year on what to do. Some paper works needs to be tidied up 10 Likes 2 Shares |
Re: Court Orders AMCON To Pay Ifeanyi Ubah's Capital Oil N26 Bn by HIGHESTPOPORI(m): 9:27pm On Oct 06, 2016 |
Nice one 1 Like |
Re: Court Orders AMCON To Pay Ifeanyi Ubah's Capital Oil N26 Bn by midascnn(m): 9:27pm On Oct 06, 2016 |
Whats your point OGA? Grundig: 3 Likes |
Re: Court Orders AMCON To Pay Ifeanyi Ubah's Capital Oil N26 Bn by Agimor(m): 9:28pm On Oct 06, 2016 |
Brb |
Re: Court Orders AMCON To Pay Ifeanyi Ubah's Capital Oil N26 Bn by Shiifi(m): 9:28pm On Oct 06, 2016 |
Ok |
Re: Court Orders AMCON To Pay Ifeanyi Ubah's Capital Oil N26 Bn by ebujany(m): 9:29pm On Oct 06, 2016 |
Been on court since 2013? |
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