The ECOWAS Community Court of Justice will on Wednesday, 6th February 2019 deliver judgment in a suit brought by Dexter Oil and Gas, a Liberian registered company, urging the Court to order the release of its 3 million dollars withheld by the government for on the ground of being a suspicious transaction.
In suit no ECW/CCJ/APP/24/17 filed on 28th June 2017, the plaintiff claimed that by withholding the said amount paid into its account with a bank in Liberia since November 2013, the government was in violation of the company’s right to possess and own property.
The company therefore wants the Court to hold that the continued withholding of the plaintiff’s fund violates its right to own property as guaranteed by the African Charter on Human and Peoples’ Rights and the ECOWAS Treaty among other legal documents.
It also urged the Court to order the release of the fund, the payment of 21% interest on the amount from November 2013 until the liquidation of the amount as well as the payment of another 50,000 dollars in favour of the plaintiff.
Judgment will be delivered by a three member panel of judge of the Court including Honorable Justices Edward Asante, Dupe Atoki, and Keikura Bangura.