JUDGMENT
This is the judgment of the Court and Parties were both heard in the
open Court.
PARTIES
1. The Applicant is Dexter Oil Limited, a company duly incorporated under the
Laws of the Republic of Liberia with its registered address as 1st Floor, Milton &
Richards Bldg., 152 Carey Street, Monrovia, Liberia. The shareholders and
Directors are Community citizens of Nigerian Nationality.
2. Respondent is the Republic of Liberia, a member State of ECOWAS and a
signatory to the African Charter on Human and Peoples’ Rights and other
International Human Rights instruments.
Summary of Facts
3. The Applicant by an originating process lodged with the Registry on the 28th
June, 2017 applied for the enforcement of its Human Rights to own property
valued as Three Million United States Dollars (USD 3,000,000.00) allegedly
violated by the Respondent. Applicant complains about the unjustifiable
detention of its property by the Respondent on the allegation of “suspicious
transaction” of lodgement of money in its bank accounts.
4. Applicant alleges refusal and or neglect of the Respondent to release the said
sum of money despite repeated demands, thereby constituting a violation of its
right to possession and enjoyment of property, guaranteed by Article 14 of the
African Charter on Human and Peoples’ Rights, Article 4(g) of Revised Treaty of
ECOWAS domesticated by the Respondent and the Constitution of the Republic
of Liberia.
5. Respondent claims contrary to Applicant’s averment that, the Applicant after
its registration did not carry out a single business activity in Liberia. Instead,
Dexter Oil Limited came to Liberia with the sole purpose of establishing two shell
companies, which they eventually used as vehicles to launder money from the
Republic of Nigeria through bank accounts established at the First International
Bank Liberia Limited.
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