The application by counsel to Ebonyi State Government, Mr Federick Onobia to vacate an interim order issued by a Federal High Court sitting January this year retraining the Securities And Exchange Commission (SEC) and the Nigerian Stock Exchange, (NSE) from releasing N15 Billion bond approved for the State government was vacated by a Federal High Court sitting in Abakiliki.
In the ruling on the motion filed by a member of Ebonyi State House of Assembly, Odefa Obasi Odefa praying the court to restrain the state government and its agencies from accessing the bond facility, Justice Ada Onyetenu vacated the order.
She reprimanded at what she illustrated as antics of the plaintiff and the defendants in the case to defeat the course of justice and therefore struck out a motion seeking to disqualify the counsel to Ebonyi State government.
Justice Onyetenu reserved ruling on another motion challenging the jurisdiction of the court to Wednesday, May 6, 2015.
The matter had earlier been transferred from the Federal High Court, Lagos to Abakaliki over jurisdiction.
