By Emma Obe
Hundreds of members of Host Communities Indorama Eleme Petrochemicals Limited took to the streets of Port Harcourt on Thursday to celebrate the vacation by the Court of Appeal of the several injunctions placed on their accrued dividends from their investments in IEPL by a Port Harcourt High Court.

The vacation of the order means that the six communities of Aleto, Okerewa, Agbonchia, Njuru, Akpakpan and Elelenwo in Rivers State will now enjoy their accumulated dividends, which were stopped by the court since October last year. The communities hold 7.5 percent of the shares in Indorama.

The vacation of the orders will also mean that Elano Investments Limited, the company managing the shares of the Host Communities in Indorama will resume the execution of community development projects that were stalled by the restraining order.

Such projects include roads, health insurance, security, educational support and housing estate.

A Port Harcourt high court presided over by Hon. Justice A. Enebeli had on October 31 granted an injunction restraining banks holding the dividends and other funds of the Host Communities from paying such monies and dividends to Elano Investments Limited for distribution to the Host Communities.

The order was granted pursuant to an injunction sought by Hon. Aforji Igwe, member of the Rivers State House of Assembly representing Eleme.

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Rather than vacate the injunction after seven days as it ordered, Hon. Justice Enebeli further extended the injunction, which led Elano to file for an interlocutory appeal to the Court of Appeal in Port Harcourt.