An FCT High Court, Kubwa, has discharged the garnishee order
issued on 11 banks, in a suit instituted by Keystone Bank against
three judgment debtors-Fasanboye Group of companies, Prince Johnson
Adedinni, and Mr Demola Banjo.
The banks are Access, Stanbic, Fidelity, First Bank, First City
Monument, Guaranty Trust, Heritage, Skye, Unity, Wema and Zenith
Bank.
The judgment debtors had jointly taken a loan of N10. 48 million
from Keystone Bank on Nov.3, 2008.
Justice Bello Kawu, discharged the order, after listening to
submissions of counsel to the banks and adjourned the matter until
May 16.
He ordered the creditor’s counsel (Keystone Bank), Ngozi Oraeki
to produce particulars to enable Ecobank ascertain if Banjo owns an
account with Ecobank.
Counsel to Ecobank, Adeniyi Shoda, had told the court that the
bank had many names similar to Banjo in their records, but the
bank was unable to ascertain the exact judgment debtor.
He, however, asked for more of Banjo’s particulars to know if he
actually maintains an account with Ecobank.
Oraeki assured the court that he would make Banjo’s particulars
available to Ecobank.
Counsel of the 11 banks, had individually told the court that
their clients conducted a diligent wide search on its customers’
database.
The database was done to know if the judgment debtors operate
any accounts with the banks of which they discovered they do
not.
The counsel of the banks, individually prayed the court to
discharge their clients of any liability in the case.
The court had delivered a ruling on May 19, 2016, for the
debtors to pay up the said loan which they did not comply
with.
An FCT High Court, Kubwa, has discharged the garnishee order
issued on 11 banks, in a suit instituted by Keystone Bank against
three judgment debtors-Fasanboye Group of companies, Prince Johnson
Adedinni, and Mr Demola Banjo.
The banks are Access, Stanbic, Fidelity, First Bank, First City
Monument, Guaranty Trust, Heritage, Skye, Unity, Wema and Zenith
Bank.
The judgment debtors had jointly taken a loan of N10. 48 million
from Keystone Bank on Nov.3, 2008.
Justice Bello Kawu, discharged the order, after listening to
submissions of counsel to the banks and adjourned the matter until
May 16.
He ordered the creditor’s counsel (Keystone Bank), Ngozi Oraeki
to produce particulars to enable Ecobank ascertain if Banjo owns an
account with Ecobank.
Counsel to Ecobank, Adeniyi Shoda, had told the court that the
bank had many names similar to Banjo in their records, but the
bank was unable to ascertain the exact judgment debtor.
He, however, asked for more of Banjo’s particulars to know if he
actually maintains an account with Ecobank.
Oraeki assured the court that he would make Banjo’s particulars
available to Ecobank.
Counsel of the 11 banks, had individually told the court that
their clients conducted a diligent wide search on its customers’
database.
The database was done to know if the judgment debtors operate
any accounts with the banks of which they discovered they do
not.
The counsel of the banks, individually prayed the court to
discharge their clients of any liability in the case.
The court had delivered a ruling on May 19, 2016, for the
debtors to pay up the said loan which they did not comply
with.
Read more https://www.nairalaw.com/court-discharges-garnishee-order-on-11-banks/