Edo Disco Faults Takeover by Bank

07/08/2022 37

The Management of the Benin Electricity Distribution Company has said that there is no legal basis for the takeover of the company following the purported activation of the call on its collateralized shares by a Nigerian Bank.

In a statement issued by the Corporate Affairs Officer, Ibeamaka Odoh, in Benin on Thursday, the Company disclosed that all matters relating to the BEDC and the Bank were subjects for litigation before a competent court, adding that to act outside the court would amount to an illegal act, which the management would resist.

Written by: Helen Obih

Rate it

World

Burkina Faso’s Ex-President Returns for Summit

Burkina Faso’s Ex-President,Blaise Compaore has returned from exile after eight years to meet Interim President, Paul-Henri Damiba and other former Leaders. Compaorere turned on Thursday despite being convicted in absentia in April to life in prison for complicity in the murder of his Predecessor, Thomas Sankara. Damiba, who took power in a January Coup, invited Compaore and other Ex-Presidents to take part in a Reconciliation Summit on Friday amid rising […]

07/08/2022 13