Top Story

Sun newspaper management reacts to company’s forfeiture to FG

862
Advertisement




…says appeal is pending on interim forfeiture order of 2007

 

Following the EFCC’s marking and possibly sealing of the corporate headquarters
of the Sun Publishing Limited at 2, Coscharis Street, Kirikiri Industrial Layout,
Apapa, Lagos, on Saturday, the management has reacted, saying the business
premises should be spared.

Three officials of the Economic and Financial Crimes Commission
(EFCC) with four heavily armed policemen had on Saturday, December 15, 2019,
at about 10.00 am stormed the corporate headquarters of the Sun newspapers.

They put up a notice for staff and the general public to keep off the premises.

The EFCC officials, who came in a white Toyota bus with registration no. ABUJA
BWR-644GA, had written on the fence, “EFCC, Keep Off.”

They also advised staff to collect their personal belongings from the office as they
will come back to seal the premises completely.

But the management in a statement said: “We do not understand the legal basis for
this EFCC action. It is on record that there is a pending appeal at the Supreme
Court with Suit No: SC/546/2018 wherein the Sun Publishing Limited appealed
against the Judgement delivered by the Court of Appeal on the interim forfeiture
order made against it by a Federal High Court in 2007 based on ex parte
proceeding.

“The Notice of Appeal and Motion for Stay of Execution were duly served on
EFCC by the bailiffs of the Court.

“It is also pertinent to state that EFCC vide a letter written by Counsel to The Sun
Publishing Limited, dated 22nd May, 2018 and duly received by one Caleb Peter
on behalf of Rotimi Jacobs & Co. was further put on notice of the pending appeal
at the Supreme Court and advised to stay action in the matter pending the hearing
of the Motion for Stay of execution and the appeal.’’

See also  Tony Elumelu, intrepid investor, leads Transcorp Group to acquire 60% stake in Abuja DisCo

 

 

Author

Leave a comment

Related Articles

Economy Now Stabilised After Hard Reforms, Tinubu Says on Third Anniversary

President Bola Tinubu has defended his administration’s sweeping economic reforms, declaring that...

“Tinubu Chose Tough Reforms Over Easy Popularity,” Sunday Dare Declares In Powerful Defence Of President

Former Minister and Special Adviser to President Bola Ahmed Tinubu on Media...

Karma Catches Up With Fayemi As Ojudu Reopens Ekiti APC Power Battle

Former presidential adviser and ex-lawmaker, Babafemi Ojudu, has reignited debate over the...

Breaking: Atiku Outpolls Amaechi, Hayatu-Deen to Clinch ADC Presidential Ticket

Former Vice President Atiku Abubakar has clinched the African Democratic Congress (ADC)...