Slok Nigeria Limited, a company belonging to Orji Uzor Kalu, a former Abia State governor, has urged the court to grant a stay of execution of its judgment, which ordered the winding-up of its operations.
The company made the plea in an application filed on its behalf by its lawyer, K.C. Nwufo (SAN).
Kalu and Slok Nigeria Limited were convicted by Justice Mohammed Idris of the Federal High Court, Lagos, on 5 December for a N7.1 billion fraud following a trial by the Economic and Financial Crimes Commission (EFCC).
Asides sentencing Kalu to 12 years in prison, Justice Idris also ordered that the company be winded up for its role in the fraud for which it was convicted of.
But the company in its application dated 8 December, said it would be a complete bias should the EFCC decide to execute the order without waiting for the outcome of its appeal against the judgment of the trial court.
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The firm said it believed that its appeal has a high likelihood of success, pledging that it would prosecute the appeal with dispatch.