Business Hilights

Tracking Nigeria's Headline Business News Online

glo logo
ICT

Glo drags EFCC to Court over alleged interest in contractual matter, seeks N50m

Chevron
Advertisements
Ad 2
Advertisements
Ad 3
Advertisements

Leading telecoms giant, Globacom Limited has approached a Lagos State High Court in Igbosere to stop the Economic and Financial Crimes Commission (EFCC) from further investigation and or any other form of involvement over a petition written against it by a foreign firm alleging infractions in a contract it had with it.

According to the suit, Globacom Limited is specifically seeking an order of injunction restraining EFCC and the third respondent whether by themselves, their agents, associates, nominees, servants or any other person whosoever  described and called from arresting, harassing, detaining, inviting for question or any other manner seeking to curtail and interfering with its right to personal liberty,  private life and freedom of movement in connection with an unwarranted attempt by the second respondent to criminalise a purely civil contractual transaction.

In the 28-paragraphs affidavit filed in support of the suit and  deposed to by a legal officer in the office of Globacom Limited, Olumide Taye Babafemi, the national carrier affirmed that the issue between his  company and the foreign firm are purely contractual arising out of a framework agreement which clearly provided for modalities for resolving issues therein.

Aside dissociating itself from the matter, Globacom is also seeking amongst others, the sum of N50 millions as damages for the unlawful and unwarranted threats of arrest and detention of the applicants on account of a transaction which is purely contractual.

First applicant in the suit is the head of the Marketing Department of the telecommunications company, Mr. Ashok Israni.

Other respondents in the case apart from EFCC; include the foreign firm, Emitac Mobile Solutions, LLNP, based in Dubai and an operative of EFCC, Kadiri Thomas.

LEAVE A RESPONSE

Business Hilights is an online news channel conceptualized and structured to report and track on a daily basis; latest developments in critical business sectors to serve as a one stop news gateway for governments, foreign and indigenous investors.