Aero Contractors of Nigeria Limited has petitioned the Chief Judge of the Federal High Court, Justice Ibrahim Auta over allegation of granting an order of interim injunction by a justice of the Court, without consideration to a pending judgment in the same suit before his court.

The firm is asking the Chief Judge to immediately transfer the case file from the court to any other judge who will adjudicate on the matter without any form of bias.

The petition, dated May 4, 2016 and signed by the Chairperson, Board of Directors, Aero Contractors Company of Nigeria limited, Eniye Ambakederemo, said a mortgage agreement between Aero Contractors and the defunct Oceanic Bank Plc suffered default, which formed part of the debt inherited by Asset management Corporation of Nigeria (AMCON) from the bank upon its liquidation.

Attempts by AMCON to recover the debt led to an institution of a suit No: FHC/C/CS/07/2014 in AMCON vs. Aero and presided over by the alleged judge of the Federal High Court, Lagos.
The petition stated that the matter was resolved amicably and the terms of settlement was entered as the judgment of the court on February 17, 2015 and pronounced upon by the judge.

It also went further to state that in accordance to the judgment of the court, AMCON acquired 60 per cent of the shares of Aero, while the remaining 40 per cent shares were left for the legacy shareholders.

The petition added that the period for the pay back of the judgment sum was fixed at 10 years commencing from February 17, 2015, date of the said judgment wherein Aero started servicing the judgment sum, even though AMCON continued to shortchange Aero.

The petitioner stated that while compliance to the judgment of February 17, 2015 was going on, surprisingly on February 4, 2016 an order of interim injunction was again granted to AMCON by the same Judge through another case brought up by AMCON and a senior Advocate against the Chairperson and three other Directors of the firm in suit No: FHC/L/Cs/146/2016 wherein AMCON alleged to have put Aero on receivership.

Culled from Guardian.Ng