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N212m debt: Court freezes bank accounts, seizes property

Justice Tijjani Ringim of a Federal High Court in Lagos has frozen the accounts of two defendants, Adeniyi Adeboye and Mopelola Adeboye, in all banks over their alleged N212, 112,792.36 debts to the Asset Management Corporation of Nigeria (AMCON).

The judge froze all of the defendants’ accounts linked to their Bank Verification Numbers (BVN) with the banks. Besides, AMCON was authorised to take possession of the property situated at Plot 5, Block 139, Lekki Peninsula Scheme 1, Eti-Osa Lagos and No. 2, Adetoro Adelaja Street, Magodo GRA, Shangisha, Lagos.

The order was sequel to the granting of an ex-parte motion in a suit marked FHC/L/CS/1763/2020 filed by AMCON. In granting the motion, Justice Ringim held: “After careful consideration of the application and submissions of counsel, it is hereby ordered as follows: “An interlocutory order is hereby granted to the claimant/applicant freezing the defendants’ accounts with the banks, pending the determination of this suit with respect to the defendants’ indebtedness in the sum of N212, 112,792.36 on which interest continues to accrue. “An order is hereby granted to the applicant to take possession of (1) All that property known as Plot 5 Block 139, Lekki Peninsula Scheme 1, Eti- Osa Lagos as described in Survey Plan No LS/D/ LA 516c situate at 6A Adebayo Doherty Street, Off Admiralty Way Lekki Phase 1 Lagos.

 

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