Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News Legal & Judiciary

Court restrains former Seplat Energy CEO, Austin Avuru, from launching his books

Justina Mboho by Justina Mboho
July 27, 2022
in Legal & Judiciary
Seplat Energy Plc announces resignation of Austin Avuru as Non-Executive Director
Share on FacebookShare on TwitterShare on Linkedin

A former chief executive of Seplat Energy, Mr Austin Avuru, has been restrained by the Federal Capital Territory High Court in Bwari, Abuja from releasing his books to members of the public.

The books titled “My Entrepreneurship Journey” and “A Safe Part of Hands and Politics, Economics & the Nigerian Petroleum Industry” were scheduled to be launched on August 4, at the Eko Hotels and Suites, Victoria Island, Lagos.

The presiding judge, Justice S.B Belgore gave the restraining order on Tuesday stopping Mr Avuru, his publishers, Radi8 Limited and their agents and privies from presenting the book pending the hearing and determination of the motion on notice.

RelatedPosts

Five top Nigerian oil marketers spend N17.2 billion on employee costs in H1 2022

Seplat’s Non-Executive Director, Kazeem Raimi, sells equity stake amid controversy over Mobil assets’ acquisition

What happened

The suit marked: FCT/HC/BW/CV/184/22 was instituted by Nwabughogu Bright and Ezechuchukwu Augustine Nnaemeka who claimed they are concerned proprietary interest holders in Seplat Energy Plc.

According to them, the content of the books is offensive to their interest as shareholders of Seplat Energy Plc.

News continues after this ad


Ruling on the application, Justice Belgore restrained the Defendants in the suit from presenting the books or any other books on August 4, pending the hearing and determination of motion on notice.

The judge also ordered the Inspector General of Police (IGP) to ensure strict compliance with the Orders granted by the court.

News continues after this ad


After granting the following injunctions, the judge adjourned till August 30, to hear the motion on notice.

  • The court noted, “An order of Interim Injunction restraining the Defendants, their privies, assigns, agents, and howsoever defined from interfering with the entirety of the res juris by distributing or causing the distribution of the book titled “My Entrepreneurship Journey” by Austin Avuru, founding CEO, Seplat Energy pending the hearing and determination of the motion on notice is hereby granted.
  • “An Order granting departure from the High Court of the FCT the (Civil Procedure) Rules, 2018 and directing that notwithstanding the provision of Order 43 Rule 3 (2) of the Rule of this Honourable Court, that the interim Order in respect of the foregoing release shall continue to subsist pending the hearing of the Motion on Notice, which is now fixed for 30-8-2022 is hereby granted.
  • “An Order directing the Inspector General of Police either by himself or any officer under his control or command to ensure strict compliance with the foregoing Orders is hereby granted.”

What you should know

  • Mr Avuru retired from Seplat energy in November 2019 as the CEO but later became a non-executive director until his sudden exit in December 2021.

Related

Tags: austin avuruSeplat Energy

Comments 1

  1. 9jaRealist says:
    July 28, 2022 at 9:23 am

    The DUMBING DOWN of the Nigerian judiciary continues apace….smh

    Prior restraint is arguably the worst form of censorship, when there are perfectly good and adequate remedies for any libelous or defamatory publication. And if the judge was intent on issuing preliminary injunctions, why harm the economic interest of the defendant by adjourning the case until well after the planned launch of the books. What if the defendant wins on the merits?

    Reply

Leave a Reply Cancel reply

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

inq
avatrade
Stanbic bank
Mega Millions
UBN
Hot forex
Access Bank
Bankers Committee
First bank






    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • The United Nations to enable women-led digital businesses in Anglophone Africa scale up and expand to new markets
    • Memecoins rally as crypto market cools off
    • Lagos considers total ban of Okada across the state as crime rate drops by 86% in 6 LGAs

    Follow us on social media:

    Recent News

    The United Nations to enable women-led digital businesses in Anglophone Africa scale up and expand to new markets

    The United Nations to enable women-led digital businesses in Anglophone Africa scale up and expand to new markets

    August 16, 2022
    Memecoins rally as crypto market cools off

    Memecoins rally as crypto market cools off

    August 16, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com