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LequteMan
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Nigeria - Properties of all Access Banks in Enugu state have been carted away in execution of a N636m credit judgement in favor of F. G. Onyenewe Motors Nigeria.
Both firms had been in a legal tussle for several years. The tussle ended at the Supreme Court in April this year, with the ruling in favour of the transport company- hence the recent execution of the credit judgement.
Monitors of the execution exercise observed that the court officials carried the bank's properties, including computers and vehicles while the gates were shut against customers.
The exercise began at the bank's regional headquarters at the Garden Avenue in Enugu, and the Ogui Road branch wasn't left out.
Hundreds of customers ran from one branch of the bank to another in order to make panic withdrawals but it was not possible as banking activities were suspended.
Lawyers to the judgment creditor, court bailiffs and a unit of policemen from Enugu State Police Command enforced the judgment against the bank, which drew hundreds of passersby to the scene.
Counsel to the plaintiff, Barr. Tagbo Ike, said it was evident that the bank was not financially viable to pay the judgment debt.
ThisDay
Both firms had been in a legal tussle for several years. The tussle ended at the Supreme Court in April this year, with the ruling in favour of the transport company- hence the recent execution of the credit judgement.
Monitors of the execution exercise observed that the court officials carried the bank's properties, including computers and vehicles while the gates were shut against customers.
The exercise began at the bank's regional headquarters at the Garden Avenue in Enugu, and the Ogui Road branch wasn't left out.
Hundreds of customers ran from one branch of the bank to another in order to make panic withdrawals but it was not possible as banking activities were suspended.
Lawyers to the judgment creditor, court bailiffs and a unit of policemen from Enugu State Police Command enforced the judgment against the bank, which drew hundreds of passersby to the scene.
Counsel to the plaintiff, Barr. Tagbo Ike, said it was evident that the bank was not financially viable to pay the judgment debt.
ThisDay
