A federal High Court in Lagos has granted an application by Union Bank restraining finance houses from releasing to three defendants money to their credits up to N5.8 billion or its equivalent in any foreign currency.
The defendants are Stallionaire Nigeria, Deji Matthew Somoye and Supreme Shipping and Marine Services Limited.
Justice Ibrahim Kala held that it subsists pending hearing and determination of Union Bank’s Motion on Notice dated and filed on May 20.
Other parties listed as respondents in the suit FHC/L/CS/509/2024 are commercial banks and FinTechs.
The plaintiff, through its lawyers, T. Adamolekun, G. Akinde-Peters and Boluwatife Oloyede, filed the motion ex-parte application, backed by affidavit sworn by Segun Omoshola seeking prayers.
It sought, among others, an order varying the Interim Order for Mareva Injunction made by the court on March 25 to discharge orders (1), (2), (3), and (4) which attached the defendants’ vessels.
The application also sought to strike out the names of the fourth to eighth respondents.
After hearing counsel, the court granted, among others, the order freezing the defendants accounts and connected with the second defendant’s BVN domicilled with the fourth to 31st respondents of money standing to their credits up to N5,858,692,168.58 or its equivalent.
Justice Kala held: “It is ordered as follows: Order as prayed per prayers 1 and 2 of the application pending hearing and determination of the motion on notice of May 20.
“An Order discharging orders (1), (2), (3), and (4) principally attaching the Defendants’ Vessels i.e. MT ADEBOMI 1, Oil Tanker with Official No: 377872.”
Source: The Nation
