Rent: Power Firm Seeks Out-of-court Settlement With Niger

North-South Power Company Limited and Stanbic IBTC Bank operating in Niger State have shown commitment to the Niger State High Court II to resolve the issue of rent owed the state out-of-court.

The development followed the bench warrants issued on the managing director of the North-South Company and Mainstream Energy by the court for refusing to appear in court in respect of the charges.
In the criminal case involving the North-South Power Company Limited and its Managing Director, counsel to the complainant, Niger State Internal Revenue Service Aliyu Lemu (SAN) told the Court that counsel to the defendants has shown commitment to address the issues that necessitated the issuance of the bench warrant against his clients.

Justice Abdullahi Mika’ilu, while adjourning the matter to July 17, 2024, for the defendants to take their pleas, ruled that the bench warrant still exists.

Similarly, the court vindicated its earlier bench warrant issued against Stanbic IBTC Bank following the application of the defence Counsel and no objection submission from the complainant’s counsel

Meanwhile, on this adjourned date, counsel to the complainant, Niger State Internal Revenue Service, confirmed to the Court that personal Service had been effected to the first defendant’s managing director, Mainstream Energy Solutions Limited, who was not in the court. At the same time, the company was represented in court.

Justice Abdullahi Mika’iku, however, adjourned the criminal case to July 8, 2024, for the defendants, Mainstream Energy Solutions Limited and its managing director, to take their pleas.

LEADERSHIP report that the case is the criminal aspect of the multi-billion Naira civil case against North-South Power Company Limited and Mainstream Energy Solutions Limited ongoing at the Federal High Court II Minna