Latest News

Court seals up First Bank’s headquarters in Abuja

The headquarters of Firstbank located at the Central Business District, Abuja, had been sealed up by the FCT High Court Enforcement Unit over failure to comply with a garnishee order.

A garnishee order is one of the options open to a judgment creditor to enforce a judgment that has been made in his favour.

It is a common way of enforcing a judgment debt and is solely used to enforce monetary judgments against a debtor to recover money.

Officials of the FCT High Court Enforcement Unit stormed the bank (Coomasie) with towing vans and cranes and towed some of its valuables.

Items carted away included stand-by generators, Hilux vans and air conditioners among other valuables.

An official of the court, who spoke to NAN on grounds of anonymity said, “ it is a long story, but it is all about a garnishee order against the bank which it didn’t comply with.’’

Efforts to get the head of the unit and the bank’s officials to speak on the development proved abortive.

Some staff of the bank, while reacting to the development, described it as embarrassing, saying it could have been handled differently.

The bank’s headquarters in Lagos has also failed to react to the development, as calls and text messages put across to the cell phone of an official in the Communications Unit of the bank were not responded to.

Most of the bank’s customers were seen in groups hanging outside the bank’s premises.

(NAN)

Egwu Emmanuel

Egwu covers tourism and entertainment

Recent Posts

The Battle for Integrity at FUHSO: Why Idoma must not remain silent By Edwin Adakole

The Federal University of Health Sciences, Otukpo (FUHSO), once hailed as a symbol of promise…

3 hours ago

Wike under fire over car, house gifts to judges

Renowned human rights lawyer, Femi Falana, SAN, has criticized Minister of the Federal Capital Territory…

6 hours ago

Another popular Living Faith Church pastor retires

The Living Faith Church Worldwide, also known as Winners Chapel, is set to witness the…

8 hours ago

Ibadan: Court remands four suspects over alleged armed robbery, murder

An Iyaganku Magistrates’ Court in Ibadan has remanded four individuals in a correctional facility over…

9 hours ago

Ademola Lookman nominated for 2024 Globe Soccer Awards

Atalanta winger Ademola Lookman has been nominated for the prestigious 2024 Globe Soccer Awards. The…

9 hours ago

Military Games: Olamide appointed as brand ambassador for AMGA 2024

The Local Organizing Committee (LOC) for the Africa Military Games, Abuja 2024 (AMGA 2024), has…

11 hours ago