Court restrains unlawful takeover of BEDC

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In an action commenced by Vigeo Power Limited, the majority shareholder of Benin Electricity Distribution Company Plc (BEDC), the Federal

In an action commenced by Vigeo Power Limited, majority shareholder of Benin Electricity Distribution Company Plc , the Federal High Court in Abuja has issued an order restraining Fidelity Bank Plc and other co-defendants from taking over BEDC, pending the hearing and determination of the motion on notice dated July 8, 2022.

The applicant also prayed for an order of interim injunction restraining NERC and CAC, whether directly by themselves or indirectly, through their directors, managers, officers, employees, servants, consultants, attorneys, agents, representatives, privies, and so-called, persons acting under their instructions and control, including the entities, set out into this application from registering or recognising Henry Ajagbawa, Charles Onwera, Yomi Adeyemi, K.C.

Besides this, the applicant also asked the court for an order of interim injunction restraining Henry Ajagbawa, Charles Onwera, Yomi Adeyemi, K.C.

 

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