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The court order, issued on August 15, was accompanied with the letters to the Managing Directors of 29 commercial and merchant banks in the country where Mr Orjiako and his allies have accounts. A copy of the court ruling was obtained by PREMIUM TIMES on Friday.
The court also permitted the Receive/Manager to take over all shares belonging to Mr Orjiako and his affiliate companies, Shebah Exploration & Production Company Limited, and Allenne Limited, which they own directly or through proxies. Mr Orjiako and other directors of the Shebah Petroleum Development Company Limited was ordered to desist from harassing the Receiver/Manager from doing his job.
It is not clear as at press time if the banks complied with the court’s order to make available those details. Some of the banks contacted on Friday promised to cross-check the information and revert. None did. Although AMCON was not forthcoming with the exact figure of the debt, pressures for a recovery compelled Mr Orjiako early this month to offload about 3.5 million units of the equity he controlled in SEPLAT Petroleum to enable him to defray part of the obligation.