The Federal High Court, Lagos Division on Friday, struck out the suit commenced by AMCON against Capital Oil and Gas Industries Limited on the ground that the suit is premature and seeks to circumvent existing suits in different courts on issues relating to the alleged indebtedness of Capital Oil and Gas which is currently under dispute.
This was the basis of an order by the judge, Justice Idris striking out a petition filed in the court by AMCON for the freezing of Capital Oil and Gas' accounts and winding up of Capital Oil and Gas for alleged inability to pay the disputed debt.
This was the basis of an order by the judge, Justice Idris striking out a petition filed in the court by AMCON for the freezing of Capital Oil and Gas' accounts and winding up of Capital Oil and Gas for alleged inability to pay the disputed debt.