A Federal High Court in Lagos has restrained Duport Midstream Company Limited, Platform Capital Investment Partners Limited and their managing director, Akintoye Akindele, from accessing N1,379,400,918 billion, or its equivalent in any currency in 24 banks, pending the hearing and determination of a motion on notice filed by Union Bank Plc.
Justice Akintayo Aluko gave the interim order of Mareva Injunction following an application by the bank through its counsel, Temilolu Adamolekun.
The banks listed as fourth to 27th respondents are Access Bank Plc, Citibank, Ecobank Plc, Fidelity Bank Plc, First Bank Plc, FCMB, GT Bank Plc, Globus, Heritage Bank Plc, Jaiz Bank, Keystone Bank, Lotus Bank, Parallex Bank, Polaris Bank, Providus, Stanbic IBTC, Standard Chartered, Sterling Bank, Suntrust, Titan Trust, United Bank of Nigeria, Unity Bank, Wema and Zenith Bank.
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The applicant, Union Bank Plc, alleged that the defendants were indebted to it to the tune of N1,379, 400, 918 billion, as of June 30, 2023, “while interest continues to accrue under the terms of the various facilities granted by it to the first defendant, for several purposes as captured on the various offer letters.”
The court further restrained the banks from releasing to the defendants funds or any other instrument belonging to the defendants to the tune of N1.37 billion, or its equivalent in any foreign currency.
It further granted an order directing the banks “to disclose on oath whatever sum of money that may be in their custody belonging to the defendants”.
The matter was adjourned to September 13, 2023, for hearing of the motion on notice in the suit.
