Pharma-Deko seeks committal proceedings against Guinness Nigeria
Pharma-Deko Plc, a pharmaceutical company locked in a legal dispute with Guinness Nigeria Plc, over an alleged ₦176m debt claim, on Tuesday sought to commence a committal proceedings against the brewer at a Federal High Court in Lagos.
The application is seeking to get two of Guinness Nigeria’s management staff convicted and imprisoned for what the plaintiff says is a violation of the law, as stated under the Company and Allied Matters Act (CAMA).
The proceeding came about as a result of a liquidation petition filed by the claimant, Pharma-Deko against Guinness Nigeria in February over an alleged ₦176m debt claim.
At the resumption of the hearing on Tuesday, the counsel for Pharma-Deko Plc, Chief (Mrs.) William Akinjide (SAN), informed the court that her client had filed two motions in relation to the case – the first was to seek the imprisonment of two management staff of Guinness Nigeria, and the second was to secure an injunction restraining Guinness Nigeria, its directors, staff, agents and privies from making any application to the Nigerian Stock Exchange (NSE) in respect of Guinness Nigeria’s stocks and shares or dealing in any of its assets.
However, counsel for Guinness Nigeria Plc, Mr. M. Mordi, said that he had filed an application challenging the court’s jurisdiction to hear the case based of the fact that the alleged debt was “Status bar”, having been over eight years.
Mordi noted that his client application dated 23 January 2017, is seeking for a stay of committal proceedings against his client until when the issue of jurisdiction was resolved.
Justice Hadizat Rabiu-Shagari adjourned the case until Monday, 10th April, 2017 for hearing of all pending applications.