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Court strike out suit filed by Midwestern Oil to forestall enforcement of consent judgement 

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A Delta State High Court sitting at Sapele, Southern Nigeria, has struck out the “Stakeholder Interpleader” Suit jointly filed before the Court by two law firms, Perchstone & Graeys and Templars, led by Messrs Folabi Kuti and Godwin Omoaka respectively, on behalf of an indigenous oil company Midwestern Oil and Gas Company Limited against three Respondents including (i) Seistech Energy Limited (ii) Sapele Power  Plc (iii) Nigeria Electricity Liability Management Company Ltd/GTE, to forestall the enforcement against it of a consent Judgment of the Federal High Court sitting in Lagos, in a previous Suit between the Company and Seistech Energy  Limited.

However, in his ruling striking out the Suit, the Presiding Judge, Justice A.O Omamogho, said:
“the filing of this Suit amounted to an abuse of court process having regards to the various definitions of what amount to an abuse of court process, and the facts that this court is being vested with the power that it does not possess to review the consent  judgement. The only course open to this court is to strike out the suit in the circumstances, this case herein struck out with the cost of N200,000 to each set of Defendants in this case”

Justice omamogho further said Seistech and Midwestern had amicably settled a Winding-up Suit instituted by Seistech against Midwestern in the Federal High Court, in Lagos on the 12th day of February, 2018, the Terms of Settlement drawn up and executed by both parties and counter signed by their lawyers was entered as Consent Judgment by the presiding Judge,  Justice Babs Kuewumi.

By the terms of the Consent Judgment, Midwestern was to evacuate its crude oil from Seistech’s storage within a particular period and pay storage fees at a particular rate. It was also agreed that if Midwestern failed to evacuate its crude within the specified period, it would then be liable for a higher storage fee until evacuation. Midwestern failed to evacuate the crude within the stipulated timeline and storage fees accrued, as per the Consent Judgment, to over US$3Million, as at the date of Midwestern’s filing of its Stakeholder Interpleader Summons in the Sapele High Court.

However, to avoid its mounting obligations under the Consent Judgment, Midwestern through the law firms of Perchstone and Graeys and Templars  instituted another Suit in Sapele against Seistech and two other parties, in order to limit its period of liability for storage fees and claiming it did not know which, of the three (3) Defendants, to pay the reduced storage fees to.

 In filing this action, Midwestern concealed the fact that there was a subsisting Consent Judgment over the issue of payment of storage fees.      Midwestern then  sought injunctive orders against the Defendants, including Seistech, which would have had the effect of completely varying the terms of the Consent Judgment if granted.
Both Seistech, Sapele Power PLC and Nigeria Electricity Liability Management Company Ltd/GTE  opposed the so-called “Stakeholder Interpleader.”

 Seistech, represented by Fidel Albert Esq of the Lagos-based firm of Aes Triplex LP, objected to the Suit as being grossly inappropriate and incompetent in the circumstances, arguing that the suit is abuse of  court process,.        Mr Fidel Albert , further argued that Midwestern is bound by the Consent Judgement and must not be permitted to use a so-called “Stakeholder Interpleader” to vary or subvert the terms of the Consent Judgment.

In agreeing with Counsel for Seistech, Mr. Fidel Albert, Justice Omamogho held that it was clear in the Consent Judgment of the Federal High Court, Lagos, that storage fees is to be paid to Seistech and that it seemed clear that the stakeholder Interpleader Summons was instituted by Midwestern in bad faith to prevent the  Seistech from executing Judgment in Suit No: FHC/L/CP/1955/2017 filed in Lagos. The Judge further held that “Stakeholder Interpleader” Suit filed on 24th of September, 2018 amount to re-litigating the same issue all over in another guise but that the Court cannot afford to accept the generous donation of power to it for Midwestern to alter the Consent Judgment by his learned Brother in the Suit filed in Lagos.
Sapele Power PLC sued as second Defendant, was represented by Emmanuel Egwuagu of Obla & Co while the Nigeria Electricity Liability Management Company Ltd/GTE, sued as third  Defendant, was represented by  Bashiru Ramoni of SimmonsCooper Partners

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Elated Polaris Bank Customer commends Bank for excellent customer service

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Polaris BAnk

Polaris Bank customer, Ife Michael, who recently aired her concerns on X (formerly Twitter) on a school fees transaction, has commended the Bank for resolving her Complaint swiftly as promised.

 

Ife Michael tweeting via her X handle @V_Ifemichael had called out the Bank for ‘seizing’ her funds as sent from a UK University where she had sought admission.

Polaris Bank reacted promptly to her Complaint and engaged her to explain the process and promised to resolve the issue which the Bank did swiftly.

An apparently elated Ife Michael went back to the micro blogging site to recount her experience with an update on her earlier thread of how the Bank swiftly resolved her Complainant.

The Bank, according to her update “responded and reached out to explain in details the guidelines underpinning FX transaction as it relates in particular to International payment.

In her tweet, Ife Michael expressed gratitude to Polaris Bank’s swift action and transparent communication. According to her, the Bank clarified that the situation was complex but assured her that the funds would be promptly refunded to the school. And Polaris Bank did exactly as it promised as it promptly refunded the money to Roehampton University and initiated necessary processes to streamline the refund.

The engagement began when Polaris Bank’s headquarters made the first contact at 11:48 am, and by 3:41 pm on the same day, Ife Michael confirmed that the Bank had successfully refunded the funds and

fulfilled all required procedures. The Bank also took the extra step of writing to the school to facilitate the process.

This positive outcome highlights Polaris Bank’s commitment to customer satisfaction, responsive and excellent customer service, and adherence to regulatory policies. The incident not only showcases effective conflict resolution but also underscores the power of a Bank fostering transparent communication between it and her customers.

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Cristiano Ronaldo wants to leave Manchester United

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Cristiano Ronaldo and his agent Jorge Mendes held meetings with United at Carrington on Tuesday, but his position remains unchanged and he wants to play for a club in the Champions League and win major trophies. United do not want him to go, however, and Ronaldo has started training with the team having missed the club’s pre-season tour of Thailand and Australia due to family reasons.

His potential options elsewhere are limited. Chelsea are not an option anymore, while Bayern Munich and Atletico Madrid appeared to publicly rule themselves out this week. “As we’ve seen on Instagram, Ronaldo has been keeping fit, so there are no concerns from Manchester United over his fitness or physical level; he’s one of the fittest players in world football.

“Ultimately, The Portuguese forward did state his desire to leave Old Trafford, but he’s running out of options, and it seems like he’s actually going to have to stay. Perhaps he will try and swing it where the 25 per cent pay cut in his contract will be waived away by United, perhaps he wants to manoeuvre and muscle a new deal, we’ll have to wait and see. But it doesn’t look like Stamford Bridge is on his cards.

“Chelsea have distanced themselves from a deal for Ronaldo, as have Bayern Munich, Napoli and a lot of other elite clubs that Jorge Mendes, who is Ronaldo’s agent, has tried to sell him to. “An offer from Saudi Arabia is astronomical but ultimately, it does not give Cristiano Ronaldo what he wants, which is that legacy. He wants to achieve Champions League records that he thinks no one else will be able to attain in the future.

“He wants to sign off at the absolute highest level. Now, it looks increasingly like he will have to stay at Manchester United because there are no biters from the big clubs.

“Everyone has their forwards already, and Chelsea, who are the only club looking like they could actually potentially be spun by what Cristiano Ronaldo offers off the pitch because we were told that Mendes, while being in front of these clubs, was putting forward his numbers in terms of social media influence, sponsorship that he rakes in, the commercial gain of his shirt sales and stuff like that. But even they now say he is not in their plans. Their immediate aim is to strengthen the defence.

“So, that leaves Ronaldo really with not many choices. We know that he does want to be competing at the highest level so if he does go to Saudi Arabia that cuts against everything he has said and everything we actually know about him and his career.

“Manchester United have always been very calm and very comfortable. They have insisted he is not for sale, and he will see out the last year of his contract. How they manoeuvre this now going forward we’ll see, but Ronaldo is keeping fit, so they have no issues or problems or fears over what state he’ll report back to pre-season in.”

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CONVOCATION: GRACE NATION BIBLE INSTITUTE GRADUATES 120 STUDENTS

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-you must remain a good Ambassador of Christ- Chris Okafor

No fewer than 120 certified Trained Prophetic students of Grace Nation Bible Institute graduated today after they have gone through rigorous prophetic training by the best Teachers Supervised by the anointed servant of God Dr. Chris Okafor. The student was presented with their certificates at the special convocation ceremony held at the International Headquarters of Grace Nation(GBI) in Ojodu Berger Lagos Nigeria. According to the Rector of the institute, they satisfy all requirements and conditions to be awarded a diploma certificate in various fields of Prophetic and Bibles knowledge.

In his words of Encouragement, the President of Grace Nation Bible Institute, Dr. Chris Okafor remarks that he has no doubt in his mind that all the students are well-trained judging by the level and capacity of all the resource Personality who lecture them, train and retraining them to face any challenges that come there ways,
The Apostle of altars also challenged them to be a good ambassador of the school to the outside world through soul-winning to the kingdom of God.

The Generational Prophet of God also remarked that as you have all learned, you must put the name of a school in good repute and always ready to work for the Lord at any time

Some of the course covered in the 8weeks program includes Evangelism and soul-winning, spiritual development and Human Management to mention but few

The highlight of the convocation was the Presentation of Certificates to all the students, according to the Rector all the students perform excellently well

Earlier in his sermon, the Senior Pastor Grace Nation and the Generational prophet of God Dr. Chris Okafor teach on the series, ”The Covenant Day of Settlement” said settlement comes when you fulfill all the Principles of Settlement,
the man of God said nothing come free but when you applied the principles and follow it diligently you will easily get a settlement on all side

The realm of the Prophetic witnessed another higher dimension of Prophetic movement and deliverance through the Set Man, the Generational Prophet of God Dr. Chris Okafor, He visited many family altars and set many captives free, he also delivered people with blood-line diseases while delivering miracle babies to expectant mothers

The service came to a close with a special Prayer for the Set Man, the Generational Prophet of God Dr. Chris Okafor who will be making another birthday tomorrow, 4 April 2022.

 

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