N24m Debts: Court Freezes TAK Group’s Bank Accounts, Bars Assets Disposal

Nigerian fertilizer tycoon Thomas Etuh's bank accounts frozen over $16.1 million debt

A High Court in Nigeria’s Federal Capital Territory has ordered a freeze on bank accounts belonging to billionaire businessman Thomas Akoh Etuh and two companies linked to him—TAK Logistics Ltd. and TAK Agro Plc—over an alleged debt of nearly ₦24.9 billion ($16.1 million).The interim Mareva injunction, granted Monday on an ex parte motion filed by Keystone Bank Ltd., blocks the defendants from accessing or transferring any funds or financial ins…

"Court Freezes ₦24.9bn Accounts Linked To TAK Logistics, TAK Agro" — Justice Akobi Grants Mareva Injunction On Keystone Bank’s Request - TheNigeriaLawyer

Justice A.I. Akobi of the High Court of the Federal Capital Territory has frozen bank accounts linked to TAK Logistics Limited, TAK Agro PLC, and their director, Thomas Etuh, over alleged debts totaling N24.9 billion. The court on Monday granted the interim order following an ex parte application filed by Mofesomo Tayo-Oyetibo, (SAN), on behalf of Keystone Bank Limited. The order made by Justice Akobi includes a Mareva injunction restraining the…

N24m Debts: Court Freezes TAK Group’s Bank Accounts, Bars Assets Disposal

July 21, (THEWILL) — A Federal Capital Territory High Court in Abuja has frozen the bank accounts of TAK Logistics Limited, TAK Agro Plc., and their director, Thomas Akoh Etuh, over alleged indebtedness totalling N24,934,741,718.91. Justice A.I. Akobi granted the temporary order on Monday, following an ex-parte application filed by Mofesomo Tayo-Oyetibo (SAN), on behalf […] The post N24m Debts: Court Freezes TAK Group’s Bank Accounts, Bars Asset…

N24.9bln Debt: Court Issues Interim Order Freezing TAK Group’s Bank Accounts

Justice A.I. Akobi of the High Court of the Federal Capital Territory has ordered the freezing of bank accounts belonging to TAK Logistics Limited, and TAK Agro Plc and their director, Thomas Etuh, over alleged debts amounting to N24.9 billion. The court granted the interim order on Monday, following an ex parte application submitted by Mr. Mofesomo Tayo-Oyetibo( SAN), representing Keystone Bank Limited. The order includes a Mareva injunction, r…