Retiree sues fund manager, over alleged agreement breach

…seek over N35 million refunds Retiree of one of the leading Multinational companies in Rivers State; Aniedi Inokon has sued the authorities and management of Cashcraft Asset Management Limited for over alleged breach of investment agreement. In the suit number PHC/1137/17 dated April 24, 2017 and filed before Justice Margret Opara of Rivers state High Court is seeking the sum of N35.5 million claim from the fund manager. According to the statement of claim sighted by newsmen represents the total annuity accrued from his N20 million retirement benefit he invested with the firm for his two children education abroad and for his wife, in whose he also reportedly registered part of the investment . The suit was between the Plaintiff (Inokon), and Cashcraft Asset management Limited and three others, suspected to be the authorities and management of the cash investment company. When the matter was mentioned in court Tuesday, the respondents, defendants were not in court, they were not also represented. The Plaintiff, through his Lawyer, Christian O. Ezeibe told the court that wright of summon had been served on parties in the matter and expressed surprise in their absence. According to him, while Cashcraft as an entity was served by way of hand in its Port Harcourt office along Port Harcourt/ Aba expressway, it was the actual place the transaction was made, it’s management personnel joined in the suit were served in accordance with the court order of way of courier services. But the court noted that there was no prove of service effected before the court. She said that the court belief that made the service did not note the person at the Aba road office that received the service on its behalf, and ordered that the service be regularised. She adjoined the case till November 22 for prove of service and hearing.]]>

______________________________________________________________________ Explore Nigeria’s Constitutional System — 17 Chapters, 924 Pages Of Insight By Prof. Hagler Sunny Okorie

Call to Order Your Copy: 📞 0803 766 7945 | 0802 863 6615 | 0803 225 3813 ✉️ haglersoco@gmail.com 🏢 Winners Chambers, 135 Ehi Road, Aba, Abia State ______________________________________________________________________ “Timely And Groundbreaking” — Babalola, Nnawuchi Release Casebook On Privacy & Data Protection In NigeriaA timely new publication, Casebook on Privacy & Data Protection in Nigeria, co-authored by Olumide Babalola and Uchenna Nnawuchi,📘Casebook on Privacy & Data Protection in Nigeria is now available on Amazon:https://a.co/d/8TmFZrd ______________________________________________________________________ [A MUST HAVE] Evidence Act Demystified With Recent And Contemporary Cases And Materials

Available now for NGN 40,000 at ASC Publications, 10, Boyle Street, Onikan, Lagos. Beside High Court, TBS. Email publications@ayindesanni.com or WhatsApp +2347056667384. Purchase Link: https://paystack.com/buy/evidence-act-complete-annotation ______________________________________________________________________ “Artificial Intelligence for Lawyers: A Comprehensive Guide”, authored by Ben Ijeoma Adigwe Esq., ACiarb (UK), LL.M, Dip. in Artificial Intelligence, Director at the Delta State Ministry of Justice, Asaba, Nigeria. How to Order: 📞 Call, Text, or WhatsApp: 08034917063 | 07055285878 📧 Email: benadigwe1@gmail.com 🌎 Website: www.benadigwe.com Ebook Version: Access it directly online at https://selar.com/prv626   _____________________________________________________________________