Lagos Court Freezes Businessman’s Accounts In 24 Banks Over Alleged N522.5m Debt

JUDICIARY 3

LAGOS APRIL 28TH (NEWSRANGERS)-A federal High Court sitting in Lagos, has ordered the freezing of N522.5 million allegedly kept in 24 banks by a businessman, Francis Uzuegbu, and his company, Mac DE Frank International.

The businessman and his firm allegedly owe Ecobank Plc and its parent company, ETI Specialised Resolution Company. The judge, Chukwuejekwu Aneke, gave the order sequel to a motion ex-parte filed by George Chika Duru, counsel to the plaintiffs, in a suit marked FHC/L/CS /429/2023.

The plaintiffs prayed the court for “an interim order of Mareva injunction restraining the first and second defendants, whether by themselves, agents, proxies, privies or any other person acting on their behalf from withdrawing, transferring, transacting and dealing in any manner howsoever with any monies/funds in their accounts with the banks listed to the sum of N522,589,719.27 pending the hearing and final determination of the motion on notice filed along herewith, among others.

The judge subsequently adjourned to June 26, 2023 for hearing of all pending applications.

Guardian

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Posted by on Apr 28 2023. Filed under National. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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