Published 1 year ago

Court blocks Oyo govt accounts in four banks over ₦3.4 billion debt

Summary by Ground News

A High Court of the Federal Capital Territory (FCT), Abuja, has issued an order attaching funds standing to the credit of the Oyo State Government and its agencies in four banks. The affected banks are First Bank, United Bank for Africa (UBA), Wema Bank and Zenith Bank. The funds, according to court filings, are to settle the outstanding balance of N3,374,889,425.60 from the judgment debt owed some former local government chairpersons and councillors sacked.

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The Guardian Nigeria

Court blocks Oyo govt accounts in four banks over ₦3.4 billion debt

A High Court of the Federal Capital Territory (FCT) in Abuja has blocked the Oyo State government account in four banks over ₦3,374,889,425.60, debt Justice A. O. Ebong, while ruling on a motion ex-parte for a garnishee order, issued an order attaching funds to the credit of the state government account in First Bank, United […] The post Court blocks Oyo govt accounts in four banks over ₦3.4 billion debt appeared first on The Guardian Nigeria Ne…

1 year ago·Nigeria

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Daily Post Nigeria

LG funds: Oyo govt reacts as court blocks bank accounts

The Oyo State Government has reacted to the judgement by a Federal Capital Territory High Court which blocked its accounts in some banks. Justice A. O. Ebong ruled on an ex-parte motion for garnishee order filed by ex-local governments chairmen and councillors. The financial institutions affected by the verdict in the suit marked FCT/HC/BW/M/238/2023 include First Bank, Wema Bank and Zenith Bank. Court filings showed the Oyo State authorities we…

1 year ago·Nigeria

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P.M. News Nigeria

Trouble for Makinde as court blocks Oyo govt's funds over N3.4bn debt

The garnishee order nisi blocking the funds was issued by Justice A. O. Ebong in his ruling on ex-parte order filed by the ex- Oyo local government chairpersons and and councillors led by Bashorun Majeed, Bosun Ajuwon and Idris Okusesi.

1 year ago

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Punch Newspapers

Court blocks Oyo govt’s accounts in four banks over N3.4 billion debt

A High Court of the Federal Capital Territory, Abuja, has issued an order attaching funds standing to the credit of the Oyo State Government and its agencies in four banks. Justice A. O. Ebong issued the order while ruling on a motion ex-parte for garnishee order filed by the ex-chairpersons and councillors led by Bashorun

1 year ago

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Pulse Nigeria

Court blocks Oyo State Govt’s accounts in four banks over N3.4bn debt

Justice Ebong ordered the banks to show cause why the order nisi should not be made absolute. A High Court of the Federal Capital Territory (FCT), Abuja has issued an order attaching funds standing to the credit of Oyo State Government and its agencies in four banks. Justice A. O. Ebong issued the order while ruling on a motion ex-parte for garnishee order nisi filed by the ex-chairmen and councillors led by Bashorun Majeed, Bosun Ajuwon and Idr…

1 year ago·Nigeria

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Premium Times Nigeria

Court blocks Oyo govt's accounts in four banks over N3.4 billion debt

The ruling on the motion marked: FCT/HC/BW/M/238/2023, was delivered by the judge on March 2 and a certified true copy (CTC) was sighted on Sunday in Abuja. The post Court blocks Oyo govt’s accounts in four banks over N3.4 billion debt appeared first on Premium Times Nigeria.

1 year ago·Abuja, Nigeria

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