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* -- * ***************************************************************************** GOD BLESS THE GAMBIA. LET US JOIN HANDS AND SUPPORT SHEIKH PROFESSOR DR. ALH YAHYA JAMMEH (NASIRU DEEN) TO BUILD OUR COUNTRY. * ¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤ To unsubscribe/subscribe or view archives of postings, go to the Gambia-L Web interface at: http://listserv.icors.org/archives/gambia-l.html To Search in the Gambia-L archives, go to: http://listserv.icors.org/SCRIPTS/WA-ICORS.EXE?S1=gambia-l To contact the List Management, please send an e-mail to: [log in to unmask] ¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤