Close Menu
The Prime Times
  • Home
  • NEWS
  • POLITICS
  • BUSINESS
  • EDUCATION
  • OPINION
  • TRAVELS
  • INTERVIEW
  • ENTERTAINMENT

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

“Our gods’ and Our Ancestors Are With You”- Esama Of Benin Kingdom Hosts Lancelot Imasuen, Blesses Him

November 2, 2025

New Climate Policies to Unlock $3bn in Carbon Finance for Nigeria – Onuigbo

November 1, 2025

ANAMBRA GOVERNORSHIP ELECTION SECURITY ADVOCACY: CP ORUTUGU ADDRESSES SECURITY STAKEHOLDERS IN IHIALA AND ORAIFITE AREA COMMANDS

October 27, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
The Prime Times
Subscribe
  • Home
  • NEWS
  • POLITICS
  • BUSINESS
  • EDUCATION
  • OPINION
  • TRAVELS
  • INTERVIEW
  • ENTERTAINMENT
The Prime Times
Home»News»Court freezes bank accounts, seizes properties over alleged N212m debt
News

Court freezes bank accounts, seizes properties over alleged N212m debt

admin@theprimetimesBy admin@theprimetimesNovember 10, 2021No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
Share
Facebook Twitter LinkedIn Pinterest Email

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

The judge granted the interlocutory injunction, pending the determination of the suit marked FHC/L/CS/1763/2020, and froze all the accounts linked to their Bank Verification Numbers.

The court further authorised AMCON to take possession of Plot 5 Block 139, Lekki Peninsula Scheme 1, Eti-Osa Lagos and No. 2 Adetoro Adelaja Street, Magodo GRA, Shangisha Lagos.

The judge made the order following AMCON’s ex parte application filed and argued by its counsel, Mr. C. O. Eze.

He 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 is 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, which belongs to the 1st defendant as covered by the Certificate of Occupancy date May 12, 1997, and registered as No 79 on page 79 in volume 1997k kept at the Lagos State land registry, pending the determination of this suit.

‘All that property is known as Plot 10 Block A10, Shangisha Extension Residential Scheme Kosofe LGA as described in Survey Plan No LS/D/IKJ/1735 situate at No 2 Adetoro Adelaja Street, Magodo GRA Shangisha Lagos, which belongs to the defendants as covered by the Certificate of Occupancy date October 13, 2003, and registered as No 89 on page 89 in volume 2003R’.”

The court further ordered the defendants to declare all their assets anywhere in Nigeria and file same at the Registry of the Federal High Court within seven days of the service of this order to them.

It directed the banks to file and serve on the claimant’s counsel, within seven days of service of the order(s) on them, an affidavit disclosing the balances on the defendants’ accounts with the banks.

It also directed the Inspector General of Police and the Commissioner of Police, Lagos State) to assist the Bailiffs and or Deputy Sheriff of the court to enforce the orders.

The court adjourned till tomorrow for report of compliance.

Source: Guardian.ng

Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
Previous ArticleExpect shock from PRP at 2023 poll, Jega tells Nigerians
Next Article NASS snubs APC governors, passes electoral bill with direct primaries
admin@theprimetimes
  • Website

Related Posts

“Our gods’ and Our Ancestors Are With You”- Esama Of Benin Kingdom Hosts Lancelot Imasuen, Blesses Him

November 2, 2025

New Climate Policies to Unlock $3bn in Carbon Finance for Nigeria – Onuigbo

November 1, 2025

ANAMBRA GOVERNORSHIP ELECTION SECURITY ADVOCACY: CP ORUTUGU ADDRESSES SECURITY STAKEHOLDERS IN IHIALA AND ORAIFITE AREA COMMANDS

October 27, 2025

Geneith Reiterates Commitment to Malaria Control, Endorses CAMOSUNATE as Nigeria’s Reliable ACT Solution

October 23, 2025
Leave A Reply Cancel Reply

Recent Posts
  • “Our gods’ and Our Ancestors Are With You”- Esama Of Benin Kingdom Hosts Lancelot Imasuen, Blesses Him November 2, 2025
  • New Climate Policies to Unlock $3bn in Carbon Finance for Nigeria – Onuigbo November 1, 2025
  • ANAMBRA GOVERNORSHIP ELECTION SECURITY ADVOCACY: CP ORUTUGU ADDRESSES SECURITY STAKEHOLDERS IN IHIALA AND ORAIFITE AREA COMMANDS October 27, 2025
  • Ex-Minister, Others Remanded in Kuje Prison Over Zungeru Power Project Scandal October 27, 2025
  • Geneith Reiterates Commitment to Malaria Control, Endorses CAMOSUNATE as Nigeria’s Reliable ACT Solution October 23, 2025
Our Picks

October 18th: World Inherited Blood Disorders Day – GANSID

October 17, 2024

Ajia Congratulates Newly Appointed Ilorin Emirate Traditional Leaders

August 25, 2024

May Day: Tinubu Pledges Better Living Conditions, Salutes Nigerian Workers

May 1, 2024

Hajia Fatimata Aliagan: Celebrating An Iconic Woman of Virtues @ 50th

February 18, 2024
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss
Politics

INEC restates June 3 deadline for primaries as Osinbajo, Bakare, Amosun pick nomination forms

By admin@theprimetimesMay 6, 20220

• How Jonathan’s candidacy might mar APC in 2023, by group Independent National Electoral Commission (INEC),…

Death toll in Kaduna attacks rises to 40

October 4, 2021

IPOB demands Bulkachuwa’s arrest over alleged hate speech against Igbo

July 18, 2022

2023 Talent Hunt Research Through Hackathon: NCC Uncovers, Rewards the Brightest Minds in Tech Industry

October 30, 2023

Subscribe to Updates

Get the latest creative news from The Prime Times.

About Us
About Us

The Prime Times, to be known and called The Prime is founded in the year 2020 and it is being published by Nigeria ArtsDaily Media and Publishing Company Limited

Continue>>>

Editor's Picks

October 18th: World Inherited Blood Disorders Day – GANSID

October 17, 2024

Ajia Congratulates Newly Appointed Ilorin Emirate Traditional Leaders

August 25, 2024

May Day: Tinubu Pledges Better Living Conditions, Salutes Nigerian Workers

May 1, 2024
New Comments
  • https://ukrain-Forum.biz.ua on FG Organises Special Lecture, Juma’at Prayer In Commemoration of June 12, Democracy Day
  • James Luka on Where Is Nigeria’s Tourist Industry – Especially Targeting Diaspora?
  • Prime Times on Saraki Made Everyone Who Worked with Him Better than He Met Them – Hon. Moshood Bakare
  • Ayo Abdul oganija on Saraki Made Everyone Who Worked with Him Better than He Met Them – Hon. Moshood Bakare
Facebook X (Twitter) Instagram Pinterest
  • About
  • Contact
  • Advertise
© 2025 The Prime Times. Designed by Chancerbyte.

Type above and press Enter to search. Press Esc to cancel.