Loan debt: Firm seeks stay of execution

By Robert Egbe

A firm, Pan Ocean Oil Corporation Nigeria Ltd and its affiliates, have asked a Federal High Court, Lagos to stay execution of an ex-parte order it granted on June 22, 2020 in favour of the Asset Management Company of Nigeria (AMCON) in respect of a disputed loan debt.

Justice Mohammed Liman had in that order filed by counsel to AMCON, Kunle Ogunba (SAN), authorised its…

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