The Federal High Court, Lagos, on Friday adjourned till October 29, hearing in a suit filed by a company, Topwideapeas Limited, challenging nullification of its concession over the National Arts Theatre Complex.
The plaintiff described itself as a special purpose entity for the acquisition of the management right over the National Arts Theatre and its undeveloped lands in Lagos.
In the suit filed by its counsel, Mr. Chijoke Okoli (SAN), and marked FHC/L/CS/2392/19, the plaintiff asked the court to declare as unlawful, the termination of its concession over the theatre.
Joined as defendants are the National Theatre and National Troupe of Nigeria Board, Infrastructure Concession Regulatory Commission, and the Minister of Interior and Attorney-General of the Federation.
Also listed are the Central Bank of Nigeria, Access Bank, and Mr. Herbert Wigwe.
The plaintiff is seeking a declaration that it is unlawful for the defendants to purport to truncate and nullify its rights as the concessionaire of the fallow land at the National Theatre Complex, by inducing a breach of its contract.
It urged the court to declare that the plaintiff has a valid and binding contract on the concession of the fallow land surrounding the National Theatre Complex in terms of the updated draft Concession Agreement between it and the Federal Government.