Freeze – Prime Pointers

Court threatens to freeze Adamawa govt’s salary accounts over N84m debt

December 13, 2021December 13, 2021 admin

A Federal High Court, Abuja, has threatened to grant an Asset Management Corporation of Nigeria (AMCON) suit, seeking an order to freeze the Adamawa State Government’s salary accounts over inability to pay back N84 million loan six years after borrowing. Justice Inyang Ekwo, in a ruling, gave the state government until Jan. 11, 2022, to settle the issue with AMCON. Justice Ekwo said he was mindful to grant a plea by counsel to the state government, Fabaryu Thliza, due to the vast majority of the civil servants who might be…

4 banks complied with order on freezing Benue govt accounts -AMCON tells court

November 4, 2021November 4, 2021 admin

Four commercial banks in the country have complied with the order of a Federal Hig Court, Abuja, directing the freezing of all bank accounts of Benue Government. The four banks include First City Monument Bank Plc, Standard Charterred Bank Ngeria, Suntrust Bank Nigeria Ltd, and Wema Bank Plc. Counsel to the Asset Management Corporation of Nigeria (AMCON), Ogechukwu Okeke, on Tuesday, told the presiding judge, Justice Inyang Ekwo, when she presented the report on compliance to court order. The News Agency of Nigeria (NAN) reports that Justice Ekwo had, on…