Zenon’s attention has been drawn to the mischievous and misleading reports circulating in the media and sponsored by one James Lloyd and a Chronic bank debtor who is the proprietor of a media outlet that Zenon Petroleum led by Mr. Otedola is indebted to James Lloyd-Jennings and the Company’s offices have been seized.
To set the records straight, the matter in question involves agency fee in respect of an aircraft which Zenon planned to purchase but was ultimately taken over by AMCON and the Court of Appeal is to determine the issue of liability as well the merit of and exparte order of interim judgement against a property not owned by Zenon but a third party.
Suffice to mention that both Mr. Lloyd and the Chronic debtor are aware that the Owners of the property against whom the exparte order of Court was wrongly procured have also filed applications which has been fixed for hearing in October to discharge the order to which no response has been made.
For the records Mr. Otedola does not owe Mr. Lloyd neither has Zenon’s Headquarters in Victoria Island seized by a Court of Appeal order and the whole purpose of the misleading reports circulating in the media is not only to use extra judicial means to extort money from Mr. Otedola but also to malign his reputation in order to blackmail him to settle a matter that is subjudice.
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