Publisher Theme
Art is not a luxury, but a necessity.

Damages: Court to hear N500m suit against EFCC in May

Justice C.N Orji of an FCT High Court in Apo has fixed May 2, for hearing in a N500 Million damages suit filed by Social Exchange Market (SEM), International limited against the Economic and Financial Crimes Commission (EFCC).

Court to hear N500m damages suit against EFCC

Justice Orji, adjourned the case until May 2, due to non-service of the court process on the Attorney General of the Federation.

She ordered the EFCC to serve the Attorney General with its motion on notice.

The EFCC  in October 2018, sealed the office of the SEM located in Utako, Abuja and went seized some vital documents based on allegations that it runs a Ponzi scheme, which contradicts the Laws of Nigeria.

The company aggrieved by the actions of the anti-graft agency filed a suit in the FCT High Court praying for an order to restrain the commission from disrupting its business.

SEM  also prayed the court to award N500 million in damages against the commission.

SEM is a charitable organisation being managed by a certain Donald Olorunkeyede.

Earlier, Mr Moses Efushe, Counsel to SEM had objected to the application for adjournment by the EFCC counsel and asked the court to foreclose the third respondent for lack of diligence.

(NAN)

Get real time updates directly on you device, subscribe now.

You might also like

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More