Firm files bankruptcy action against AITEO

Charlietam International Services Limited, a Port Harcourt-based company, has filed an action before the Federal High Court in Lagos to commence winding-up proceedings against the oil giant for its prolonged inability to pay a debt of N259,068,753.00 owed the company for various services rendered to AITEO between December 2017 and March 2019.

The petition was filed by the company through its Solicitors, Anthony Enyindah, Victor Okezie and Dr Dickson Omukoro of Ntephe Smith & Wills.

According to the petition made available to New Telegraph at the weekend in Yenagoa, the petition prayed the court to wind-up the company on grounds of insolvency pursuant to sections 408 and 409(a) of the Company and Allied Matters Act.

In a six paragraph affidavit verifying the petition, Mr Unye Sunday Micah, Managing Director of Charlietam International Services Limited, the petition affirmed that between December 2017 to March 2019, his company rendered services valued at ₦265,068,753.00 and was only paid the sum of ₦6million without payment advice, leaving an outstanding balance of N259,068,753.00.

The petitioner maintained that several demand letters, including those from the petitioner’s solicitors were sent to the Company’s Abuja and Lagos addresses, but AITEO refused or/failed to respond to any of the letters.

The final demand letter dated August 28 2019, was sent by the petitioner pursuant to sections 408 and 409 (a) of the Companies and Allied Matters Act.

In the said letter, the petitioners demanded to be paid the amount owed him and informed AITEO of an impending legal action.

The petition, accordingly read in part: “More than 21 days have since elapsed from the last demand without the Company making good the moneys owed as aforesaid.”

The petition further stated that the Company is insolvent and unable to pay its debt and your Petitioner therefore humbly prays as follows:

“That the Court, under the provisions of the Companies and Allied Matters Act, 1990, winds-up AITEO EASTERN E & P COMPANY LIMITED; and for such further or other orders as this Court may deem fit to make in the circumstances.”

Reacting to the petition, a source at the oil company said: “I have done my investigations and he is one of our contractors but what I’m doing is to make sure that I invite him here so that everything will be sorted out.”

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