Business
Dansa Foods Re-assures Publics
The Company Sec
retary and Legal Adviser of Dansa Foods Limited, Mohammed Shittu Jubril, has re-assured its business partners, as well as its entire stakeholders of stability in the business of the company.
The Dansa top official who made the remark in Lagos over the weekend while speaking to newsmen on the heels of last week’s interim court order restraining Dansa from operating its accounts with several banks said, “our stakeholders have nothing to fear.
Jubril, who described the court order as a temporary setback underscored that its team of lawyers had taken appropriate measures to register Dansa’s dissatisfaction with the action filed by the bank and the order made.
He expressed surprise that the bank has sought this path despite the cordial relationship the company had with the bank.
“We are surprised that the bank has sought this part despite the fact that our relationship with them has been quite cordial and the company has demonstrated good faith with regards to this transaction,” he said.
Speaking with The Tide source on the court’s rationale for adopting such a stand point, consummate lawyer and Editor-In-Chief of All Federation Weekly Law Report, Taiwo Kupolati Esq noted that this particular injunctive order is expressly specified in the Federal High Court (Civil Procedure) Rules, to have a 14 days lifespan.
He noted that the court in its wisdom set out to safeguard businesses from the uncomplimentary propensities of persons who may seek to deploy orders obtained through the adjudicatory system as a tool of harassment.
“This injunction will naturally go into effusion after 14 days and I am certain that the company will have an opportunity to lay bare before the court its own facts regarding the relationship,” he concluded.