Nigerian Court Freezes State’s Bank Accounts Over N333m Debt

A Federal High Court, Abuja has given an interim order, freezing all the bank accounts of Benue State government maintained in some banks in the country following its inability to repay the N333 million loan it took in 2008.

Justice Inyang Ekwo, who gave the order following an ex-parte motion brought by the Asset Management Corporation of Nigeria (AMCON), also directed that the bank accounts of HPPS Multilink Services Ltd be frozen pending the hearing and the determination of the substantive suit.

While AMCON is the claimant, the company and the state government are 1st and 2nd respondents respectively.

The affected bank accounts for the two respondents are domiciled with Access Bank Plc, Citibank Nigeria Limited, Eco Bank Nigeria Plc, Fidelity Bank Plc, First Bank Nigeria Plc, First City Monument Bank Plc and Guaranty Trust Bank Pic.

Others are Heritage Bank Plc, Keystone Bank Limited, Polaris Bank Limited, Stanbic IBTC Plc, Standard Chartered Bank Nigeria Limited, Sterling Bank Plc, Suntrust Bank Nigeria Limited, Union Bank of Nigeria Plc, United Bank for Africa Plc, Unity Bank Nigeria Plc, Wema Bank Plc and Zenith Bank Plc.

The ex-parte motion, with suit number: FHC/ABJ/AMC/74/2021, dated and filed on September 30, was moved by counsel to AMCON, Darlington Ozurumba.

The motion prayed for five reliefs. ■

[Courtesy: LEADERSHIP]

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