“Reaction of the TEYLIOM Group to the allegations published in certain press outlets
The TEYLIOM Group wishes to react firmly to the incomplete and tendentious information published by certain press organs on December 17, 2024, aimed at tarnishing the image of the Teyliom Group as well as that of its managers.
Through this press release, the TEYLIOM Group wishes to provide clarification on the facts in question in order to clarify the situation for national and international public opinion. Here are the points that should be remembered:
• the arbitrary destruction of the Noom Cotonou hotel;
• the opening of ongoing arbitration proceedings at the International Center for Settlement of Investment Disputes (ICSID) between the Teyliom Group and the Republic of Benin (“the ICSID Arbitration”);
• measures taken by the Beninese Authorities following the introduction of ICSID Arbitration.
It is important to emphasize that Messrs. SOW and THIAM were never notified of the judgment of November 23, 2021. Consequently, the opposition or appeal deadlines could not begin to run. As the decision rendered does not have the authority of res judicata, it has no enforceable value.
Furthermore, Messrs. SOW and THIAM are still unable to assess or comment on the factual and legal elements on which the correctional chamber of the Republic of BENIN would have based its decision, having never been informed of the charges or the file of instruction.
The TEYLIOM Group intends to fully assert its legitimate rights, as it has always done, and reserves the right to take all necessary measures to defend its image, its reputation and that of its managers.
It wishes to reiterate its commitment to the development of the region in view of the importance of its investments and reserves the right to act against any unjustified allegation which could harm the image of a group and its committed leaders, serious and respected.
The Teyliom Group”
Senegal
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