Harmony Holdings Ignore Arbitral Tribunal Order, Refuses To Pay N15.7m To Biscom Tdigits

Harmony Holdings Ltd (HHL), a business entity owned by Kwara State Government has refused to pay N15,740,000 arbitral award in favor of Biscom Tdigits Ltd in September 2019.

The arbitral award was rendered on the 31st September, 2019 in the matter of Arbitration between Biscom Tdigits Ltd and Harmony Transport Services Ltd.

Harmony Transport Services Ltd (Kwara Express), a subsidiary of HHL however applied to the court to set the arbitral award after three months prescribed by the Arbitration and Conciliation Act.

Harmony Transport Services Ltd loses bid to set aside arbitral award made against her to pay Biscom Tdigits Ltd, an IT firm the sum of #15,740,000.

In a ruling delivered by Hon. Justice Akinpelu of the High Court of Kwara State on Thursday, the application of the Harmony Transport Services Ltd for an extension of time within which to file her application to set aside the arbitral award was dismissed for not being meritorious and constituting an abuse of court process.

The Judge states that the respondent (Biscom) had taken step to enforce the arbitral award before another judge of the same high Court which application has been argued and ruling reserved for a date to be communicated to the parties .

Adedayo Adediji of Adedayo of Adediji’s Chamber appears for the applicant (Harmony Transport Services Ltd) while Abdulwasiu Bolaji Adeyi Esq MCIArb (UK) of Legismatrix Solicitors stand in for the respondent (Biscom Tdigits Ltd)

The ruling was sequel to the application filed by the Harmony on the 13 January, 2020 and argued on the 19th February 2020.