• About
  • Advertise
  • Careers
  • Contact
Sunday, October 19, 2025
  • Login
No Result
View All Result
NEWSLETTER
Reporters At Large
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us
No Result
View All Result
Reporters At Large
No Result
View All Result
Home Featured

Shoprite Seeks Vacation Of Order Halting Divestment In Nigeria

by ReportersAtLarge
September 1, 2020
in Featured
Reading Time: 1 min read
0
Shoprite
Share on WhatsappShare on FacebookShare on TwitterShare on Linkedin

The Federal High Court, Lagos Tuesday fixed September 7 to hear Shoprite Checkers (PTY) Ltd’s application seeking the discharge of a Mareva Injunction stopping it from transferring its assets.

ADVERTISEMENT

Vacation judge Justice Nicholas Oweibo said he needed to be convinced that the matter was urgent enough to warrant being heard during vacation.

Oweibo directed Shoprite’s lawyer, Mrs. Funke Adekoya (SAN) to file an application to that effect.

ADVERTISEMENT

The Mareva Injunction was made by Justice Mohammed Liman of the Federal High Court in Lagos in favour of a Nigerian firm, A.I.C.
Limited, which in 2018 secured a $10million judgment against Shoprite in a breach of contract lawsuit.

Displeased with the judgment, Shoprite approached the appellate court but lost at the Court of Appeal and has now gone to the Supreme Court.

RelatedPosts

Bangladesh President Dissolves Parliament, Prepares For Interim Government

Tim Walz: Who Is Kamala Harris’ VP Running Mate?

US Elections: Kamala Harris Picks Tim Walz As Running Mate

A.I.C. Ltd secured the injunction on July 14, 2020, against the backdrop of Shoprite’s announcement to pull out of Nigeria.

In the injunction, Justice Liman restrained Shoprite “from transferring, assigning, charging, disposing of its trademark, franchise and intellectual property in a manner that will alter, dissipate or remove these non-cash assets and other assets, including but not limited to trade receivables, trade payables, payment for the purchase of merchandise, from within the jurisdiction of this honourable court.”

The judge also mandated the 2nd respondent, Retail Supermarket Nigeria Limited, “to disclose its audited financial statements for the years ending 2018 and 2019 to enable the judgment creditor/applicant determine the judgment debtor’s/respondent’s funds in its custody in order to preserve same in satisfaction of the judgment of the Court of Appeal in Appeal No: CA/L/288/2018.”

Tags: BusinessNigeriaShoprite
SendShare19TweetShare
ReportersAtLarge

ReportersAtLarge

Reporters At Large is the world’s fastest-growing online news platform and public service broadcaster. We’re impartial and independent, and every day we create distinctive, world-class programmes and content which inform, educate and entertain millions of people in Nigeria and around the world.

More

Bangladesh Parliament Building
Featured

Bangladesh President Dissolves Parliament, Prepares For Interim Government

by ReportersAtLarge
August 6, 2024
0

Bangladesh's president dissolved parliament on Tuesday, clearing the way for an interim government and new elections a day after Prime...

Read moreDetails
Tim Walz
Featured

Tim Walz: Who Is Kamala Harris’ VP Running Mate?

by ReportersAtLarge
August 6, 2024
0

Minnesota Governor Tim Walz has been selected as the running mate for Democratic nominee Vice President Kamala Harris. Harris announced...

Read moreDetails
US Elections - Kamala Harris picks Tim Walz as Running Mate
Featured

US Elections: Kamala Harris Picks Tim Walz As Running Mate

by ReportersAtLarge
August 6, 2024
0

U.S. Vice President Kamala Harris has chosen Minnesota Gov. Tim Walz as her running mate, looking to strengthen the Democratic...

Read moreDetails
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Oba (Dr.) Mohood Olalekan Balogun

Oba Balogun Has Joined The Ancestors – Makinde Announces Passage Of Olubadan

2 years ago
Mike Bamiloye

Veteral Christian Filmmaker, Mike Bamiloye Reveals Percentage Of Wife Beaters

4 years ago

Popular News

  • Is Kwara Missing Saraki? A Dilemma Between A New Political Order And Old Realities

    0 shares
    Share 0 Tweet 0
  • Family, Aides Celebrate Senator Alli On PhD Achievement

    0 shares
    Share 0 Tweet 0
  • What Happened When 70 MTN Executives Visited Ekiti

    0 shares
    Share 0 Tweet 0
  • Wolekanle: The Hope Restorer And NUJ’s Best Administrator Of The Year Turning Dreams Into Reality

    0 shares
    Share 0 Tweet 0
  • FG Clarifies Claims That JAMB Is No Longer Required For University Admissions

    0 shares
    Share 0 Tweet 0

Connect with us

ADVERTISEMENT

About Us

Reporters At Large is the world’s fastest-growing online news platform and public service broadcaster. We’re impartial and independent, and every day we create distinctive, world-class programmes and content which inform, educate and entertain millions of people in Nigeria and around the world.

With a high level of professionalism, fairness, objectivity, accuracy and speed, we publish Breaking News Nigeria Today Headlines and International news on Politics, Tourism and Travel, Entertainment, Sports, Business Lifestyle and Sports.

Category

  • Auto Trend
  • Breaking Bones
  • Business
  • Columns
  • Entertainment
  • Featured
  • For The Record
  • Health
  • Innovation
  • Lifestyle
  • Metro
  • News
  • Opinion
  • People & Events
  • Politics
  • Press Releases
  • Science & Technology
  • Sponsored
  • Sport
  • Tourism & Culture
  • Video
  • Video News
  • WorldNews

Recent Posts

  • Is Kwara Missing Saraki? A Dilemma Between A New Political Order And Old Realities October 18, 2025
  • Family, Aides Celebrate Senator Alli On PhD Achievement October 18, 2025
  • What Happened When 70 MTN Executives Visited Ekiti October 18, 2025
  • Wolekanle: The Hope Restorer And NUJ’s Best Administrator Of The Year Turning Dreams Into Reality October 18, 2025
  • FG Clarifies Claims That JAMB Is No Longer Required For University Admissions October 17, 2025
September 2020
SMTWTFS
 12345
6789101112
13141516171819
20212223242526
27282930 
« Aug   Oct »
  • Home
  • News
  • Business
  • Politics
  • Tourism
  • Lifestyle
  • RAL TV
  • More

© 2016-2024 RAL - Guided by professionalism

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us

© 2016-2024 RAL - Guided by professionalism

Verified by MonsterInsights