Justice Nnamdi Dimgba of the
Federal High Court in Abuja has granted an order freezing the accounts of the
Zamfara State Government in 20 banks in the suit No. FHC/ABJ/CS/728/17.
The suit was filed by the Asset
Management Corporation (AMCON) against the state government, Prostar Electric
Company Limited and the Central Bank of Nigeria (CBN).
The order followed debts running
into over N600million the state is owing a number of banks.
The court has also restrained the
defendants from transferring or dealing with the monies belonging to the
Zamfara State Government and Prostar Electric in the 20 banks.
The banks include: Access Bank
Plc, Central Bank of Nigeria, Citibank Plc, Diamond Bank, Ecobank Plc, Fidelity
Bank Plc, First Bank of Nigeria Plc, First City Monument Bank, Guaranty Trust
Bank, Heritage Bank, Keystone Bank and Stanbic IBTC Bank.
The other banks are: Standard
Chartered Bank Plc, Skye Bank Plc, Sterling Bank Plc, Union Bank of Nigeria,
United Bank of Africa, Unity Bank, Wema Bank, and Zenith Bank.
The court specifically granted an
order “restraining the defendants jointly and severally, the directors, agents,
servants, privies, subsidiaries, successors-in-title or otherwise any other
person natural or artificial, howsoever called under the control of the first
and second defendants from transferring or otherwise dealing with any and all
of the monies standing to the first and second defendants credit in the 20
banks or anywhere else up to the amount of the claimants claim in the sums of
$3,475,960.00 and N250 million, only pending the hearing and determination of
this suit.”
The judge also granted an order
restraining the 20 banks “whether by themselves, agents, servants, privies,
trustees, nominees, proxies or otherwise any person natural or artificial
howsoever called from honouring any instruction authored by the first and
second defendants individually and or in association with other persons and or
allowing the first and second defendants in whatever form or description with
the said banks, pending the determination of the suit.”
The 20 banks are also prohibited
by the court from making further payments to Zamfara State Government in
respect of its share of the London/Paris Club debt refund maintained by the
banks, pending the determination of the substantive suit.
The financial institution were
also directed to file and serve on the applicant’s counsel within seven days of
services of the order on it, an affidavit disclosing the first and second
defendants balance on accounts held with the said banks as at the date of the
order.
Click to signup for FREE news updates, latest information and hottest gists everydayAdvertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com