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ten: SOCOTRAC SARL, SOLEIL FM SARL, SIKKA TV SA,
COMON SA, JLR SA, SGI L' ELITE, CAJAF SA, AGRO PLUS SA, IDEAL
particular the following
PRODUCTION SARL and BENIN OIL ENERGY SA.
26. He asserts that the decline in the turnover of COMON SA and SOCOTRAC SARL led
to the devaluation of his company shares at the rate of 6070 and 45o/o respectively,
that
is, a loss of One billion eight hundred
and twenty-one million fifty-five thousand
six hundred and sixty-nine (1,821,055,669) CFA Francs for the former, and One
hundred and thirty-nine million four hundred and seventy-one thousand and twentythree (139,471,023) CFA Francs for the latter; hence an estimated loss of One billion
nine hundred and sixty million five hundred and twenty-six thousand six hundred and
ninety-two (1,960,526,692) CFA Francs as of 31 December 2017.
27.The Applicant argues that the decline in his business is mainly due to the loss of
confidence from his partners who terminated their goods supply contracts or cancelled
creditfacilities. He adds that allthe companies in which he held shares were subjected
to serious and arbitrary attacks causing him significant economic losses.
28.
The Respondent State refutes any idea of reparation for the Applicant and argues that
none of the conditions required by law to obtain reparation has been fulfilled. The
Respondent State further argues that it is not enough to invoke prejudices to obtain
reparation, but this must be sufficiently certain and there must be a link between the
prejudice and the acts causing the prejudice.
29. On the basis of the foregoing, the Respondent State prays the Court to dismiss all the
Applicant's claims for compensation as baseless and unjustified.
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