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Setraco crisis: ‘Parties may still reach an-out-of-court settlement’

A lawyer in the dispute over the ownership of Setraco Nigeria Ltd has said that parties may still resolve the dispute through an out-of-court-settlement despite an earlier failed attempt.

A Federal High Court in Abuja had earlier approved out-of‐court settlement over the dispute involving the family of the founding director of the company, late Alhaji Inu Umoru and his Lebanese partners Engineer Said Fayez Khalaf and the company, which failed in 2018.

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But a lawyer in the matter, who craved anonymity because he was not authorised to speak on the matter, said the issue of settlement was not out of the window but expressed worry over the delay in reaching an agreement.

The crisis in the construction company had led to the division of the interests of the two feuding owners now divided into Umoru & Sons Nigeria Ltd and Setraco International Holdings/Said Khalaf.

The family of late Umoru had at one of the previous hearings applied to reply on the issue of representation for the company in the suit after a lawyer, Khrushchev Ekwueme, who appears for Khalaf challenged the appearance of another lawyer, Cornelius Nwapi on behalf of the company.

Ekwueme had claimed that he also represents the construction company, and had sought to prevent counsel to the Umoru family, Mike Ozekhome (SAN) from joining issue on appearance for the company.

But Justice Ahmed Mohammed ruled that it would infringe on their right to fair hearing as contained in Section 36 of the Nigerian Constitution if the Umoru family were not given the right to file their reply on the issue of representation.

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