UBA Takes Legal Action Against WEMPCO Directors for Court Order Violation

The Federal High Court, led by Justice Aluko, has allowed United Bank for Africa (UBA) Plc to serve Form 49 to the directors of Wempco. These directors are named as alleged contemnors in the case of UBA v. Wempco.

This application is part of the court process to find out if these individuals ignored a court order. The court will also decide if they should be sent to prison for this.

The directors listed as alleged contemnors include Lewis Shui Ngor Tung, Phillip Shui Chei Tung, M.A. Ola Yusuf, Tung Lawrence Blake, Aali Aare Hadji Tokunbo, Paul Shui Po Tung, Tung Robert, C.L. Ip, and Taiwo Alli.

In support of the application, UBA's lawyer argued that serving Form 49 on the alleged contemnors is important. This will make sure they appear in court to explain why they should not be punished with imprisonment.

The lawyer also claimed that Wempco's directors and some staff took illegal actions to ignore the Court’s order.

The court's decision to allow substituted service is a necessary step to ensure the notice reaches the individuals involved as the court directed.

Form 49 is a notice that tells an alleged contemnor to explain why they should not be sent to prison for not following a court order.

Previously, the Federal High Court issued a Mareva Injunction and appointed a Receiver/Manager for some of Wempco’s assets. This was due to Wempco owing UBA a total of N61,445,695,993.76 (Sixty-One Billion Four Hundred and Forty-Five Million Six Hundred and Ninety-Five Thousand Nine Hundred and Ninety-Three Naira, Seventy-Six Kobo).