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Tag Archives: Loan facility

Court orders freezing of firm’s accounts over N4.2bn debt to AMCON

AMCON

Justice Chuka Obiozor of the Federal High Court in Lagos yesterday placed a No Debit Order on the bank accounts of a limited liability company, Al Kahf Limited, over alleged indebtedness of N4.282, 918, 018,43 billion to the Asset Management Corporation of Nigeria (AMCON). Justice Obiozor also ordered the company, its servants, agents, officers, directors, shareholders, employees, creditors, assigns, tenants, ...

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Court orders Stanbic IBTC to reverse sale of property

Stanbic IBTC

The Federal High Court in Lagos has ordered Stanbic IBTC Bank to reverse the illegal sale of Mrs. Abosede Folasayo Fagbola’s property situated at 3 Ayoola Adeyefa Street (Plot 4 Block N) Oroki Estate, Osogbo, Osun state. The Osun-based lawyer dragged the bank before a Federal high court in Lagos after her property was sold without her knowledge. Joined as ...

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