Capital Oil sues Access Bank over contempt

Innocent Anaba

04 February 2013, Sweetcrude, LAGOS — IFEANYI Ubah and Capital Oil and Gas Ltd, have initiated contempt proceedings before a Federal High Court sitting in Lagos, against Access Bank Plc, over its alleged refusal to comply with an order of the court, directing the bank to discontinue a suit it filed against Ubah and others at a London court.

Capital Oil and Uba in the Form 48, “notice of consequences of dis- obedience to court order,” is warning the bank to obey the orders of Justice Okon Abang, failing which it will ask the court to commit the officers of the bank to prison with Form 49.

Capital Oil and Ubah are contending in the proceedings that their step was informed by the alleged failure of Access Bank to withdraw the suit: Claim No. 2012 Folio 1300, it filed at the High Court of Justice, Queen’s Bench division, Commercial Court, London, in relation to the dispute between them over a purported loan.

They alleged that rather than withdraw the London suit as ordered on January 28, 2013 by Justice Abang, the bank allegedly went before the London court on January 31 and got another order.

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