Judge Daniel Osiaigor of the Federal High Court of Lagos prevented Integrated Energy Distribution and Marketing Company Ltd and Polaris Bank from falsifying funds to their credit totaling $ 6,759,000 (around 2.8 billion naira) or its equivalent in n ‘ any currency in 25 banks, the Debt Management Office (DMO) and the Federal Ministry of Finance.
The judge, who issued Mareva’s interim injunction order, also ruled that it would stand pending the hearing and decision of a notice motion filed against the company and Polaris Bank by the United Bank for Africa. (UBA).
The court adjourned until July 13 for the hearing of the petition. The interim order followed UBA’s June 29 request filed and argued by its attorney, Temilolu Adamolekun, who appeared with Gbenga Akinde-Peters, supported by an affidavit under oath from Anike Isinguzo and attachments.
Integrated Energy Distribution and Marketing Company Ltd and Polaris Bank are the 1st and 2nd defendants in the suit marked FHC / L / CS / 714/21.
The 3rd to 26th respondents are Access Bank Plc); (Citibank Nigeria Ltd); (Diamond Bank Plc); (Ecobank Nigeria Ltd); (Enterprise Bank Ltd.); (Fidelity Bank Plc.); (First Bank of Nigeria Plc.); (First City Monument Bank Plc); (Globus Bank Limited); (Guaranty Trust Bank Plc); (Heritage Bank Plc.); (Jaiz Bank Limited), (Keystone Bank Limited); (Polaris Bank Limited); (Providus Bank Limited); (Stanbic IBTC Bank Nigeria Ltd.); (Standard Chartered Bank Ltd.); (Sterling Bank Plc.); (SunTrust Bank Nigeria Limited); (Titan Trust Bank Limited); (Union Bank Plc.); (Unity Bank Plc.); (Wema Bank Plc.) And (Zenith Bank Plc).
The 28th and 29th respondents are the DMO and the Ministry of Finance. The court further prevented the 3rd to 26th Respondents or their agents from remitting the amount to the Defendants.
The order also prevented the 1st Respondent from dealing with money to his credit in all of his accounts, or any money in which he has an interest held on his behalf with the 27th to 29th Respondents up to 6,759,000. $ or its equivalent.
The court prohibited the 2nd defendant from dealing with money, instruments, sovereign debt notes, promissory notes, treasury bills or any other instrument in which he has an interest or a position with the 27th, 28th and 29th defendants, up to $ 6,759,000 or its equivalent.
It prohibited the 27th, 28th and 29th defendants (CBN, DMO and Federal Ministry of Finance) from releasing money or funds belonging to the 2nd defendant or in which the 2nd defendant has an interest of up to $ 6,759,000 or its equivalent.