NICE!!!


Court orders gov’t to take possession of Libyan assets in The Gambia
<http://observer.gm/africa/gambia/article/court-orders-govt-to-take-possession-of-libyan-assets-in-the-gambia#map>
Africa <http://observer.gm/africa/news> »
Gambia<http://observer.gm/africa/gambia/news>
Monday, May 09, 2011
Justice Awa Bah of the High Court in Banjul has ordered that the government
of The Gambia take immediate possession and full control of the properties,
assets and interests of the Libya African Investment Company (Gambia)
Limited, ‘until a government recognised by the United Nations is in place in
Libya’. Though the said assets  were not mentioned in court,  but among
Libyan assets in The Gambia include; Jerma Beach Hotel  and Dream Park in
kololi and Laico Atlantic Hotel in Banjul.

Justice Awa Bah made this order following the court hearing of an exparte
motion filed by the Attorney General of the Republic of The Gambia,
represented by the DPP, Mikailu Abdullahi, before the said Court. The
exparte motion dated the 27th of April 2011 was brought before the said
court pursuant to Section 22(1) (b) of the Constitution of the Republic of
The Gambia 1997. The state in its motion, seeks among other things, four
reliefs from the said High Court.

The State filed an 11-paragraph affidavit in support of the application and
an attachment of the Amended Memorandum and Articles of Association of the
Libyan African Investment Company (Gambia) Limited (LAICO). Justice Awa Bah
in her ruling declared that it would be in the interest of the Libyan people
that the said application is granted. She pointed out that the said exercise
of discretion is supported by the provisions of Section 22(1) (b) of the
Constitution of The Gambia, 1997.

Justice Bah disclosed that the court is convinced that the Libyan African
Investment Company (Gambia) Limited is a creation of the Muammar Ghadafi-led
government, noting that there is an urgent need to put in place interim
measures to safeguard the assets and properties of the said company situated
in The Gambia for the interest and benefit of the Libyan people.

The presiding judge therefore revealed that the government of The Gambia by
virtue of the said Section 22 (1) (b) of the 1997 Constitution is vested
with such powers to safeguard the assets and properties of the said company
in The Gambia. Justice Awa Bah consequently ordered that the possession and
full control of the properties, assets and interests of the Libya African
Investment Company (Gambia) Limited be immediately vested in The Gambia
Government until a government recognised by the United Nations is in place
in Libya.

The presiding judge further ordered that the management and administration
of the Libyan African Investment Company (Gambia) Limited be vested in the
hands and full control of The Gambia Government until a government
recognised by the United Nations is in place in Libya. Justice Awa Bah also
ordered the Government of the Republic of The Gambia to manage the said
assets for the benefit of the people of Libya until a government recognised
by the United Nations is in place in Libya, adding that the said orders are
made in the interim pending the filing of an application on notice.
Author: *by Sidiq Asemota*
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GOD BLESS THE GAMBIA.
LET US JOIN HANDS AND SUPPORT SHEIKH PROFESSOR DR. ALH YAHYA JAMMEH (NASIRU
DEEN) TO BUILD OUR COUNTRY. *


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