The First Bank Plc is to be sued for disobedience and breach of contract if it failed to obey the Federal High Court's 48 hours ultimatum served to to it.
First Bank in trouble over breach of contract, gets 48 hours to obey court order
The First Bank Plc is to be sued for disobedience and breach of contract if it failed to obey the Federal High Court’s 48 hours ultimatum se.
The First Bank Plc is to be sued for disobedience and breach of contract if it failed to obey the Federal High Court’s 48 hours ultimatum served to to it.
In a letter to the bank by the Counsel to Eleme Petro Chemical Co-operative Investment and Credit society Limited, A.A. Ibrahim SAN obtained by newsmen, it stated the position of the law as it pertains to obligations of a Bank to its customers, citing the case of Union Bank PLC vs N.M Okpara Chimaeze (2014) 9 NWLR (PT.1411) page 166 wherein Justice Ariwoola JSC. held that
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Oluwatosin Omojuyigbe
The Federal High Court in Abuja has ordered the remand of two brothers, Okwuchukwu and Nnadozie Eze, for alleged laundering money.
The brothers were arraigned alongside their companies on separate charges.
While Okwuchukwu and his company, Berlus Resources Limited, were arraigned on 11 counts, Nnadozie and his company, DYM Integrated Service Limited, were arraigned on 14 counts.
The EFCC, in a statement on Thursday, noted that Okwuchukwu, between September 26 and October 30, 2020, moved the total sum of N319,709,807 to his account domiciled with the Fidelity Bank with account number 6052516415, proceeds of an unlawful act.
According to the EFCC, Nnadozie, also between November 21, 2014, and December 4, 2014, moved the total sum of £32,700 to his account domiciled with the Unity Bank Plc with account number 3001732932, proceeds of an unlawful act.