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Alleged 3 9bn Debt: Court Restrains Nigeria Commercial Bank From Dealing With Purple Real Estate Company
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A TORRENT OF TROPHIES - THISDAYLIVE
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Torrents of trophies pour for Isa Kutepa
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The court adjourned till July 13, for hearing of the motion on notice.
by SaharaReporters, New York
Jul 08, 2021
A Federal High Court sitting in Lagos has restrained Integrated Energy Distribution and Marketing Company Ltd and Polaris Bank from tampering, howsoever, with funds standing to their credit up to $6,759,000 (about N2.8 billion) or its equivalent in any currency in 25 banks, the Debt Management Office and Federal Ministry of Finance.
Justice Daniel Osiaigor, who made the interim order of Mareva Injunction, held that it subsists pending the hearing and determination of a motion on notice filed against the duo by the United Bank for Africa (UBA).
United Bank For Africa Sues Energy Firm, Polaris Bank Over N2 8 Trillion
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