• Adjourns till tomorrow to hear, determine motion on notice
A Federal High Court sitting in Lagos State has restrained a lawyer, Kehinde Aina, appointed by the National Insurance Commission (NAICOM) , from presenting himself as receiver or liquidator of Standard Alliance Insurance Plc, pending hearing and determination of the motion on notice.
The court also restrained the commission, the first defendant/respondent and Aina, the second defendant, from taking any further step towards liquidation or winding up of the insurance firm pending hearing and determination of the motion on notice.
Justice Akintayo Aluko issued the restraining order on September 1, while granting the reliefs sought by Chief Dickson Odoko, Donatus Uba and Standard Alliance Limited, who are the plaintiffs/applicants.
Apart from Aina, other defendants/respondents in the suit are Minister of Finance and Awoduya Omotayo.
The applicants had, on August 22 this year, filed a motion on notice before the court, asking for an interim injunction restraining the second respondent, Aina, whether by himself or through his agents, privies or any other person acting under his authority, from acting or further acting as the appointed receiver/liquidator of the insurance firm pending the determination of the motion on notice.
The plaintiffs filed a five-paragraph motion ex-parte and affidavit in support of the motion on notice, in suit No: FHC/L/CS/1585/2022.
The judge, after reading the affidavit in support of the motion paper sworn to by Osaro Eguasa, and having heard Afolabi Kuti (SAN) for the defendants and Tanimola Oyekan for the plaintiffs, said: “An order of interim injunction is hereby made restraining the first and second defendants, whether by themselves or through their agents, privies or any other person acting under their authority, from taking any further step geared towards giving effect to the cancellation of the purported certificate of registration of Standard Alliance Insurance Plc, pending the determination of the motion, plaintiffs shall file an undertaking as to damages and indemnify the respondents.”
Consequently, Justice Aluko adjourned the matter till September 9 for hearing of the applications.
Source: Guardian.ng