Igbo group, Ohanaeze Ndigbo General Assembly Worldwide has withdrawn a N500bn lawsuit against the Corporate Affairs Commission.
In a statement by the President General of the group,Basil Onuorah, it said the withdrawal was sequel to the reinstatement of registration certificate of the group by the commission.
The statement read in part, “Ohanaeze Ndigbo General Assembly Worldwide
is pleased to inform the general public that the Corporate Affairs Commission has restored the organization’s Certificate of Incorporation earlier withdrawn by the commission.
“The Corporate Affairs Commission notified Ohanaeze Ndigbo General Assembly Worldwide of the certificate reinstatement in a letter signed by the commission dated today( Tuesday) being 20th of October 2020.
“We have also discontinued our N500bn civil suit against the commission with suit number FHC/ABJ/CS/790/2020.
“This is a victory for democracy and rule of law.
A letter of reinstatement of the group by the CAC sighted by our correspondent was signed by Femi Ogunlade on behalf of the Registrar- General.
It was titled, “Reinstatement of certificate of registration: Incorporated Trustees of Ohanaeze Ndigbo General Assembly.
“We refer to the public notice issued by the commission dated 29th June,2020 in respect of cancellation and withdrawal of certificate of the above association registered under Part C of the Companies and Allied Matters Act.
“Based on the understandings by the trustees of the association to withdraw the suit filed against the learned Registra-General of the commission and to run the association in line with its registered objectives, the commission has accepted apologies offered by your secretary and solicitor denouncing the petitions earlier forwarded to the Economic and Financial Crimes Commission and the Department of State Security Service.
“You are by this letter notified that the commission has reinstated the certificate of the association. You may wish to be guided .”
The CAC had in June deregistered the association in controversial circumstances that led to the N500bn lawsuit.