High Court Justice Francis Tuiyott (on Tuesday 22nd May 2018) allowed CFC Stanbic receivers to continue evaluating the Expression of Interests proposals from applicants but not sell the assets as earlier advertised.
“…the process of evaluation of expression of interest that may have been commenced by the Defendants shall proceed but no sale of the assets shall be concluded until 14th June 2018, when the parties herein are due to appear before the court of Appeal in respect to the application under rule 5 (2) of the Court of Appeal Rules,” read the court order issued by Justice Tuiyott.
