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Dr. ABC Orjiakor Over Alleged $101m Debt

JUST IN: Court Adjourns Further Hearing Of Bankruptcy Suit Against Dr. ABC Orjiakor Over Alleged $101m Debt

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JUST IN: Court Adjourns Further Hearing Of Bankruptcy Suit Against Dr. ABC Orjiakor Over Alleged $101m Debt—-Further proceedings in bankruptcy suit filed against Dr. Ambrose B. C. Orjiakor, before a Federal High Court, Lagos, over alleged inability to pay the debt of $101m USD, has been adjourned to July 23.

The presiding judge, Justice Deinde Dipeolu, fixed the date at the instance of the alleged debtor, Dr. Orjiakor, through his lawyer, Anthony Ndigbe (SAN), who pleaded for more time to settle the matter out of court.

Other Other respondents in the bankruptcy action marked FHC/L/BHK/08/2023 filed by Access Bank Plc are: Seplat Energy Plc; Helko Nigeria Limited; Neimeth International Pharmaceuticals Plc; Salvic Petroleum Resources Limited; Zebbra Energy Limited; Ordrec Group Limited; Helko Marine Services Limited; Berwick Nigeria Limited; Abbeycourt Petroleum Company Limited; Abbeycourt Energy Services Limited; Abbeycourt Company Limited and Pursley Resources Limited.

At the resumed hearing of the matter today, Mr. A. B. Ogunba (SAN) leading .. Ogunba appeared for the creditor, Access Bank Plc, Mr. Anthony Ndigbe (SAN) appeared for the alleged debtor, Dr. Orjiakor, Toyeeb Ipaye appeared for 2nd-5th and 7th to 12 respondents Bode Olanipekun (SAN) appeared for the 1st respondent, Seplat Energy Plc, Adam Wahab appeared for AMCON, Babatinde Olanipekun appeared for Zenith Bank Plc.

At today’s hearing, lawyer to the alleged debtor, Ndigbe (SAN) informed the court that the matter is listed for report of settlement, and that AMCON was directed by the court to coordinate the settlement meeting.

Responding, AMCON’s lawyer, Wahab told the court that his client received from the respondent a draft of the settlement which encompass the interest of the lenders in the suit.

He also told the court that he has made a comment on the draft to the respondent, while awaiting the reverse copy of the draft from the respondent.

In his respond, lawyer to the creditor, Ogunba (SAN) told the court that he was not aware of the draft copy of the settlement and that the draft has been drafted for the past four weeks.

Ogunba also informed the court of his motion on notice which he described as an ‘harmless’.

He therefore urged the court to allow him to move the motion.

However, Mr. Olanipekun (SAN), lawyer to Seplat, told the court he has a motion seeking out to strike the name of his client from the suit, on the basis that the court lacks jurisdiction over the first respondent.

In view of all parties’ submissions Dr. Orjiakor’s lawyer, Ndigbe (SAN) pleaded with the court for four weeks adjournment to allow the ‘narrow portion’ left in the settlement terms to be resolved. Though, Olanipekun (SAN) said he did not know anything about the settlement and have no business in the matter.

However, the presiding judge, Justice Dipeolu, after listening to all counsel, acceded to Ndigbe’s adjournment request and adjourned the matter to July 23, 2025, for report of settlement.

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BREAKING: Arsenal Defeat Chelsea 2-1 at Emirates to Extend Unbeaten Run

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BREAKING: Arsenal Defeat Chelsea 2-1 at Emirates to Extend Unbeaten Run—-The Gunners came from behind after Morgan Rogers’ early opener, with Kai Havertz and Martin Ødegaard completing a comeback victory to maintain Arsenal’s perfect start to the Premier League season.

Arsenal produced another statement performance at the Emirates Stadium on Sunday, coming from behind to defeat Chelsea 2-1 and maintain their perfect start to the Premier League campaign.

Chelsea stunned the home crowd after just 77 seconds, when Morgan Rogers fired Xabi Alonso’s side into an early lead. Arsenal, however, responded strongly and gradually took control of the contest.

Kai Havertz restored parity in the 25th minute against his former club, finishing Arsenal’s sustained pressure to make it 1-1 before the break.

The Gunners continued to dominate after the restart and completed the comeback through captain Martin Ødegaard, who struck early in the second half after Havertz’s clever movement helped create the opening.

Chelsea pushed desperately for an equaliser late on, but Arsenal goalkeeper David Raya produced a crucial save to deny Estêvão and preserve all three points for the hosts.

The victory means Arsenal remain on nine points from three matches, level with Manchester City at the top of the Premier League. Chelsea, meanwhile, suffer their first league defeat of the season and remain on six points.

For Mikel Arteta, the comeback further underlined Arsenal’s championship credentials. The reigning champions showed composure after conceding their first goal of the campaign and once again demonstrated their ability to respond under pressure.

Chelsea’s defeat will be frustrating for Alonso, particularly after his side made such a fast start. Despite their attacking threat, Arsenal’s control and defensive resilience ultimately proved decisive.

The result also extends Arsenal’s remarkable unbeaten run against Chelsea to 12 matches across all competitions, further strengthening the Gunners’ recent dominance in the London derby.

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BREAKING: Manchester City Agree £125m Deal to Sign Enzo Fernández From Chelsea On Deadline Day

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BREAKING: Manchester City Agree £125m Deal to Sign Enzo Fernández From Chelsea On Deadline Day—-Cityzens have reached a British record-equalling agreement with Chelsea for the Argentina international on Deadline Day, with Fernández set to undergo his medical.

Manchester City have agreed a £125 million deal with Chelsea to sign Enzo Fernández in one of the biggest transfers of Deadline Day.

The agreement, reported by Sky Sports and other leading outlets, will see the Argentina international leave Stamford Bridge for the Etihad Stadium in a move that matches the British transfer record previously set by Liverpool’s £125m signing of Alexander Isak.

Fernández is expected to undergo his medical before completing the transfer, with City working against the clock to finalise the deal before the summer transfer window closes.

Maresca Reunites With Fernández

The move will see Fernández reunite with Enzo Maresca, who previously coached him at Chelsea and is now Manchester City’s manager.

Maresca is understood to have been a major driving force behind City’s pursuit of the midfielder as he looks to reshape his squad and strengthen the centre of midfield.

Fernández played an important role during Maresca’s time at Stamford Bridge, helping Chelsea win major silverware before the Italian manager’s move to Manchester.

Chelsea Accept Record Fee

Chelsea signed Fernández from Benfica in January 2023 for approximately £107 million, making him one of the most expensive players in Premier League history at the time.

Just over three years later, Chelsea have agreed to sell the 25-year-old for £125 million, representing a significant return on their original investment.

The Argentine had recently been left out of Chelsea’s squad for successive matches, increasing speculation that his Stamford Bridge future was coming to an end.

City Make Deadline-Day Statement

Manchester City had been pursuing Fernández for much of the summer, but negotiations intensified dramatically as the transfer deadline approached.

Chelsea had previously valued their midfielder at around £120 million and had initially expected him to remain at the club after an earlier deadline for bids passed without a formal offer. However, City’s interest never disappeared, and the two clubs eventually found an agreement on Deadline Day.

The final £125 million package now puts Fernández level with the British transfer record.

Fernández Begins New Chapter

For Fernández, the transfer brings an end to a turbulent period at Chelsea and opens a new chapter under a manager he already knows.

The World Cup-winning midfielder arrived in England with enormous expectations after starring for Argentina and Benfica.

At Manchester City, he will be expected to become a central figure in Maresca’s midfield and help the club compete on multiple fronts.

A Record-Breaking Transfer

The £125 million agreement places Fernández among the most expensive players in football history and makes the Deadline Day transfer one of the biggest stories of the summer window.

City are now racing to complete the remaining formalities, including the medical, before the deadline.

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