An Ikeja Particular Offences Court docket on Tuesday rejected the assertion of account containing the main points of the indebtedness of a com­pany, Lionstone Vitality and Marine Companies with a financial institution as proof.

The trial decide, Justice Olubunmi Abike-Fadipe re­jected the assertion of ac­depend in a ruling delivered in the course of the resumed trial of a pair, Amaechi and Njide Ndili, each house owners and exec­utive officers of Lionstone Offshore Companies Restricted…..CONTINUE READING

The decide rejected the assertion of the corporate’s account on floor that it doesn’t adjust to provi­sions of the Proof Act.

Prosecuting counsel, ACP Simon Lough (SAN) had sought to tender the state­ment after a witness who can also be a Mortgage Exercise and Re­covery officer with the financial institution, Odika Okogwu recognized it as containing particulars of the defendants’ firm indebt­edness to the financial institution.

Lough cited part 89 and 90 of the Proof Act, to help his submissions and urged the court docket to confess the paperwork as displays.

Counsel to 1st to third de­fendants, E. O. Shofunde ob­jected to the admissibility of the paperwork…..CONTINUE READING