Capital Oil and Gas Limited and its Chief Executive Officer, Ifeanyi Ubah, have begun to initiate contempt proceedings against Access Bank Plc and some of its principal officers.
It follows the bank's alleged refusal to comply with the order of a Federal High Court in Lagos directing it to discontinue a suit it filed against Ubah and others in a London court.
Justice Okon Abang had on January 28 berated the bank for filing the suit in a London court while the suit was before him in Nigeria and subsequently ordered the bank to withdraw the suit.
But rather than discontinue with the suit, Ubah alleged that the bank returned to the foreign court on January 31 and got a fresh order directing Ubah and his company to, among others, take steps to vacate all orders made by the Nigerian court.
As a result, Ubah and his firm have filed and served Form 48 to the bank. This is a “notice of consequences of disobedience to court order,” which warns a party against who an order is made, to obey, failing which it would be cited for contempt.
Which order will give way for the other?
We'll know soon enough.
Story Source: Guardian
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