Quantcast
Channel: Business & Economy - Royal Times of Nigeria.
Viewing all articles
Browse latest Browse all 2217

Court Freezes Oyo State Government Accounts In 10 Banks Over Three Point Five Billion Naira Debt

$
0
0

A High Court of the Federal Capital Territory, FCT, Abuja, has issued an order freezing the accounts of the Oyo State Government in ten commercial banks in the country.

The order was issued by Justice A. O. Ebong in a ruling on a garnishee proceeding initiated by ex-council leaders in Oyo State, who were sacked on May 29, 2019 by Governor Seyi Makinde.

The sacked local government chairmen and councillors had, in 2021, got an over four billion naira judgment against Makinde and other officials/agencies of the state.

In a ruling, Justice Ebong ordered the banks to file affidavits and attend the court on the next adjourned date to show cause why the garnishee orders nisi hereby granted should not be made absolute.

The judge awarded the sun of three hundred thousand naira as a cost against the judgement debtors and ordered that a copy of the order be served on Makinde and others and adjourned till January 5 next year for hearing.

The post Court Freezes Oyo State Government Accounts In 10 Banks Over Three Point Five Billion Naira Debt first appeared on Royal Times of Nigeria..


Viewing all articles
Browse latest Browse all 2217

Trending Articles