A Lagos High Court, Tafawa Balewa Square (TBS) has directed parties in the N128 million suit filed against the Institute of Directors Nigeria (IoD) over alleged non-payment of debt, to explore out of court settlement and report back to court on April 3, 2017.
The claimants in the suit are Promaco Associates Ltd, Interstates Architects Ltd, Morgan Omonitan & Abe Ltd, Kunle Ogunbayo & Associates Ltd and Consol Associates Ltd. In the action before Justice S.I. Sonaike, the claimants asserted that the defendant appointed them severally as Project Managers, Consultant Architects, Structural Engineers, Mechanical Engineers and Quantity Surveyors respectively for the design and development of its new secretariat and office building.
The claimants averred that pursuant to the terms…
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