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United Bank For Africa Sues Energy Firm, Polaris Bank Over N2.8 Billion

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). ....

Temilolu Adamolekun , Justice Daniel Osiaigor , Anike Isinguzo , Gbenga Akinde Peters , Titan Trust Bank , Polaris Bank , Union Bank Plc , Bank Nigeria Ltd , Keystone Bank Ltd , Unity Bank Plc , Yola Electricity Distribution Company Disco , Access Bank Plc , Zenith Bank Plc , Power Holding Company Of Nigeria , Keystone Bank , Skye Bank Plc , Suntrust Bank Nigeria , Globus Bank , Fidelity Bank Plc , First City Monument Bank Ltd , Providus Bank , Citibank Nigeria Ltd , Enterprise Bank Ltd , Access Bank , Yola Electricity Distribution Companies , Debt Management Office ,

United Bank For Africa Sues Energy Firm, Polaris Bank Over N2.8 Trillion

United Bank For Africa Sues Energy Firm, Polaris Bank Over N2.8 Trillion
saharareporters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from saharareporters.com Daily Mail and Mail on Sunday newspapers.

Temilolu Adamolekun , Justice Daniel Osiaigor , Anike Isinguzo , Gbenga Akinde Peters , Titan Trust Bank , Polaris Bank , Union Bank Plc , Bank Nigeria Ltd , Keystone Bank Ltd , Unity Bank Plc , Yola Electricity Distribution Company Disco , Access Bank Plc , Zenith Bank Plc , Power Holding Company Of Nigeria , Keystone Bank , Skye Bank Plc , Suntrust Bank Nigeria , Globus Bank , Fidelity Bank Plc , First City Monument Bank Ltd , Providus Bank , Citibank Nigeria Ltd , Enterprise Bank Ltd , Access Bank , Yola Electricity Distribution Companies , Debt Management Office ,

Firm asks court to block SAP accounts over breach

Punch Newspapers
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Oluwatosin Omojuyigbe
A firm, B4G Consulting Limited, has urged the Lagos State High Court to restrain the banks operated by the Systems Applications Products Nigeria Limited from releasing the total sum of $3,371,945.27 and N5m to SAP and other instruments belonging to it pending the hearing and determination of an alleged contract breach suit.
The firm, in a suit marked LD/ADR/519/2016, and reassigned to Justice Ezekiel Ashade, sought an order of the court directing the banks to file and serve affidavits before the court within seven days of the grant of the prayers of the firm to disclose an account of all money, funds or other instruments belonging and payable to SAP held with them. ....

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