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ProfRem
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The immediate past Minister of Culture and Tourism, Chief Edem Duke's properties have been seized by Cross River State High Court, Calabar in connection with a N52m debt.
The properties which are four giant generators were on Monday removed from the premises of
Mirage Hotel, owned by the former Minister in Calabar, the state capital, by Sypet Oil and Chemical Limited following the court order.
In a judgment delivered in October 2014, the presiding judge of the state High Court in Calabar, Justice Ofem Ofem, ordered the hotel to pay the sum of N2.93m to Sypet Oil and Chemical Limited being the balance of the payment for Automotive Gas Oil (diesel) that was supplied to the facility.
The court had also ordered the hotel to pay an additional N1.05m as legal fee for solicitors, stating that failure to pay the total amount of N3.98m as of October 30, 2014, would attract a three per cent interest per day.
Utang explained that the company had, also in July, 2016, obtained a garnishee order, issued by Justice Emmanuel Ayade, to confiscate the money in the hotel’s accounts, but it was discovered that the money in the accounts of Mirage Hotel was not up to two per cent of the debt owed.
“This discovery prompted us to effect judgment by carting away the generators, which could be sold after seven days to settle the debt,” he added.
- PUNCH
The properties which are four giant generators were on Monday removed from the premises of
Mirage Hotel, owned by the former Minister in Calabar, the state capital, by Sypet Oil and Chemical Limited following the court order.
In a judgment delivered in October 2014, the presiding judge of the state High Court in Calabar, Justice Ofem Ofem, ordered the hotel to pay the sum of N2.93m to Sypet Oil and Chemical Limited being the balance of the payment for Automotive Gas Oil (diesel) that was supplied to the facility.
The court had also ordered the hotel to pay an additional N1.05m as legal fee for solicitors, stating that failure to pay the total amount of N3.98m as of October 30, 2014, would attract a three per cent interest per day.
Utang explained that the company had, also in July, 2016, obtained a garnishee order, issued by Justice Emmanuel Ayade, to confiscate the money in the hotel’s accounts, but it was discovered that the money in the accounts of Mirage Hotel was not up to two per cent of the debt owed.
“This discovery prompted us to effect judgment by carting away the generators, which could be sold after seven days to settle the debt,” he added.
- PUNCH
