The Federal High Court sitting in Lagos, Honorable Justice Anka, Court 12, ruled on Monday, July 11, 2016, that the interim order obtained by AMCON against Jimoh Ibrahim and his companies “is hereby discharged”.
The ruling was based on the application made by Ibrahim’s Lawyer, Akintola SAN, Ayorinde SAN, Adesina SAN, who have briefed the Court to discharge the order of interim injunction freezing Ibrahim’s assets.
The claim that Ibrahim kept One Hundred and Thirty-Seven Million Pounds (£137million) with Union Bank was undisputed by AMCON. Ibrahim’s Lawyer said that since that fact is undisputed, there is no basis for the interim order of the court.
AMCON Lawyer, Yusuf Ali SAN, Eleja SAN said that it would be difficult to object to the motion to discharge the order based on the facts of the case.
The court shortly adjourned for parties to agree in reconciliation. Yusuf Ali SAN reported back to the Court that both parties have agreed to appointment Auditors to reconcile the accounts and report to the court and in all circumstances, it will be difficult to object to the discharge of the exparte order.
Ibrahim’s Lawyer, Ayorinde SAN immediately supplied the name of Adewale Fowosele & Associates as the nominated Accountant. AMCON Lawyer promised to supply Accountant’s name to the Court soon.
The Court ruled after listening to argument that the interim order freezing Ibrahim’s assets and his companies is hereby discharged.
Speaking on the development, Ibrahim said the interim order is uncalled for, abnormal and a misrepresentation. He reiterated that having deposited £137million in Union Bank running at interest of 5% from 2010 to present date, the total amount due to be paid to him is over Ninety Billion Naira (N90billion), about twice of what AMCON claimed against him.
He expressed confidence in the ability of the Judiciary to come to terms with Justice and advice business men to always take their cases to the Judiciary which they say is the last hope of the common man.
Ibrahim gave the glory of his victory to God and hopeless Nigerians whom we tried to create job for. He says truth is constant, no matter the time.