BY MAYOWA SAMUEL
The management of Nosak Nigeria Limited has appealed to the federal government to intervene over the illegal takeover of its factory by Guarantee Trust Bank.
The appeal was made on behalf of the company by its Group Managing Director, Thomas Oloriegbe.
According to Oloriegbe, the said facility was taken over by GTBank through a receiver manager, Ajibola Aribisala.
Oloriegbe explained that the duo brought in police from Bauchi State to occupy Novak premises at Amuwo Odofin in Lagos State for months, forcing it to stop production.
He said the court order on which Aribisala claimed to have empowered him to occupy the company premises was vacated by the same court but that GTBank and Aribisala have refused to obey the court declaration that their appointment as receiver manager was illegal.
Oloriegbe lamented that the 500 staff members of the company are at the risk of losing their jobs as a result of the continued police presence in the company premises.
He further stated that in the past seven months since GTBank took over the company premises, the company’s management has been paying staff out of its savings describing the situation as unsustainable.
