In News by Oluwaseun Samuel on the 10th, June, 2020

Satellite tv for pc TV Firm, TSTV Loses Workplace Due To Debt

Satellite TV Company, TSTV Loses Office Due To Debt




The West African Enterprise Platform Ltd., a regulation agency, has taken possession of the Abuja Headquarters workplace of Telcom Satellite tv for pc Ltd. Tv (TSTV) as a consequence of its incapability to pay its hire, Premium Instances has reported.


It was gathered that the property was taken over on Tuesday following the judgment entered in favour of the plaintiff by Justice Yusuf Halilu of the FCT Excessive Court docket in Nov. 2019.


Officers from the Execution Unit of the FCT Excessive Court docket, together with 4 cops, had been stationed within the premises through the takeover.


The regulation agency by way of its principal, Raphael Adakole, had filed the go well with in 2018 with No. CV/2739/18 in opposition to the tv firm and its Abuja Managing Director, Vivid Echefu.


Submitting of the go well with was because of the incapability of the tv firm to satisfy up with the tenancy settlement entered between the plaintiff and defendants on Might 1, 2017.


The regulation agency had significantly sought the order of the court docket to declare that the tenancy settlement between the plaintiff and defendants had elapsed by effluxion of time.


It additionally prayed the court docket for an order directing the defendants to surrender vacant possession of all of the 5 storey constructing of the workplace advanced along with its appurtenances, fixtures and fittings thereof.


An order of the court docket directing the defendants to revive and reinstate the property of the plaintiff to a tenantable and good situation to the satisfaction of the plaintiff was outlined within the tenancy settlement.

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The go well with additionally contained an order of the court docket mandating the defendants to pay to the plaintiff the sum of N20, 833, 333, being the revenue from Might 1, 2018 to Sept. 2018.


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