Friday, March 18, 2011

Confusion in case over looted Daily Times’ assets

 Eric Ikhilae    


A confusing dimension has been added to the case instituted against
some purported directors of the defunct Daily Times of Nigeria Plc.
Justice Charles Achibong of the Federal High Court, Lagos last week acted unusually when he gave a judgment, quashing a charge pending against the said directors before another judge, Justice Pat Ajoku, of the same court.

The directors include Fidelis Anosike, his brother, Noel, their associates: Nicholas Okoye and Gogo Kurubo and their company, Folio Communications Limited.

The Federal Government had last year, upon realising that the Anoskes and others were allegedly involved in the unlawful sale of some Daily Times’ assets estimated at about N3billion, filed the charge in July. It was later assigned to Justice Ajoku for trial. This was shortly after Justice Okechukwu Okeke, also of the Federal High Court, Lagos, voided the sale of its majority stake in Daily Times to Folio, holding that the process of sale was illegitimate.

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