Justice Ayokunle Faji of the Federal High Court in Lagos has ordered the winding up of Anyiam Osigwe Group Limited following its failure to repay a debt of
Justice Faji, who gave the order while delivering judgment on a winding up petition marked FHC/L/CP/925/14 filed by First Bank against Anyiam Osigwe Group, held that company has become Insolvent and it is unable to pay its debt.
The lawyer to the petitioner Dr ‘Kemi Pinheiro SAN had urged the court that the Anyiam Osigwe Group be wound up pursuant to the Company’s and Allied Matters Act In his judgment, Justice Faji addressed the sole issue distilled for determination in the Petitioner’s final written address dated 16th of February, 2022.
The judge agreed with Pinheiro that the Respondent failed to furnish any satisfactory evidence to show that the unliquidated debt was still being disputed, as argued by the Respondent.
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