An FCT High Court, has granted permission to  17 banks to show cause why plea for garnishee of accounts operated by Imo Government should not be made absolute.
NAN reports a garnishee order is a common form of enforcing a judgment debt against a creditor to recover money.

The court directs a third party that owes money to the judgment debtor to instead pay the judgment creditor.

Justice Bello Kawu made the order on Thursday in a motion exparte filed by two judgment creditors, E.F. Network Nig Ltd and Mr Gideon Egbuchulam respectively.

The banks are: Central Bank of Nigeria, Access Bank Plc, Zenith Bank Plc, Jaiz Bank, Union Bank Plc, United Bank for Africa (UBA), First Bank Plc, Ecobank Plc, Keystone Bank Plc, and Diamond Bank Plc.

The rest are: Fidelity Bank Plc, Polaris Bank Plc, GTBank Plc, Stanbic IBTC Bank Plc, Unity Bank Plc, Heritage Bank Plc, and FCMB Bank Plc.

The applicants prayed the court to order the banks to appear before it within 14 days of service to show cause why they should not pay over to the judgment creditor the N1 billion owed them by Imo state government.

The respondents are Attorney-General of Imo State, Environmental Transformation Committee (Imo Entraco) and The Ministry of Environment, Imo State.

The leave followed the March 8 decision of the Supreme Court that affirmed the judgment of the Court of Appeal Owerri which ordered the state defendants to pay the N1 billion contract debt owed the applicants.

The apex court held that the appeal filed by the Imo state government and Gov. Rochas Okorocha challenging the judgment of the lower court was not meritorious.

The court therefore, went ahead to order the Imo State Governor and the other appellants in the appeal to immediately pay the firm and its promoter, Egbuchulam the judgment sum.

NAN reports that the judgment sum was an outstanding amount left unpaid in a contract awarded to the company in 2008 under the administration of the state’s former governor, Ikedi Ohakim.

The apex court went ahead to dismiss the appeal and awarded N500, 000 cost against the state government.

The company and its promoter were contracted by Ohakim’s administration which Okorocha succeeded to implement the state’s Clean and Green Initiative.

The firm was awarded a contract to supply 10 million refuse bags and 40,000 plastic rolling containers at N42 per bag and N20 per plastic container.


https://www.independent.ng/n1bn-imo-debt-17-banks-in-trouble-full-list/amp/?fbclid=IwAR3v4rdscRmwJbDJnrFqSC83113SQ4bLSUligCgEdwdfrpOrZaYOeooNKmw

I have been a fan of this forum for almost 6 years and I have never made the front-page. Woow!

I'll personally dedicate this to God Almighty who made it possible at last. To my lovely mom, a woman of valor, my Dad... His real resemblance finally made it to Nairaland front-page. And to all legit hustler out there... More grease to our elbow...


Congratulations to me.





Modified!

Rochas the saint has done it again

I am the right person to talk to as far as powerbank for your laptop, Phones are concerned. See my signature below and recommend. Thanks

Mismanagement of funds

Trouble ko... No be Nigeria all of us dey?



I build websites and I am based in Abuja, see my signature
I build websites and I am based in Abuja, see my signature

m

Okorocha has finished Imo State.

To keep money in the bank na trouble coz na there yahoo yahoo pass

OK, let see

Hmmm

Which bank remain again ?

Is that how Rochas milked Imo state

chai!! lekwe nu fuvk up oo!!

and?

This is unnecessary alarm. No bank is in trouble here. The garnishee order will not request from the banks beyond what Imo govt has with them.

Chaii

dotun4luv:
I have been a fan of this forum for almost 6 years and I have never made the front-page. Woow!

I'll personally dedicate this to God Almighty who made it possible at last. To my lovely mom, a woman of valor, my Dad... His real resemblance finally made it to Nairaland front-page. And to all legit hustler out there... More grease to our elbow...


Congratulations to me.





Modified!

and how does it feel?

I Knw Gtb Must Be Inside. Very Useless Bank.

okorocha has destroyed imo finally

Osagyefo98:
An FCT High Court, has granted permission to  17 banks to show cause why plea for garnishee of accounts operated by Imo Government should not be made absolute.
NAN reports a garnishee order is a common form of enforcing a judgment debt against a creditor to recover money.

The court directs a third party that owes money to the judgment debtor to instead pay the judgment creditor.

Justice Bello Kawu made the order on Thursday in a motion exparte filed by two judgment creditors, E.F. Network Nig Ltd and Mr Gideon Egbuchulam respectively.

The banks are: Central Bank of Nigeria, Access Bank Plc, Zenith Bank Plc, Jaiz Bank, Union Bank Plc, United Bank for Africa (UBA), First Bank Plc, Ecobank Plc, Keystone Bank Plc, and Diamond Bank Plc.

The rest are: Fidelity Bank Plc, Polaris Bank Plc, GTBank Plc, Stanbic IBTC Bank Plc, Unity Bank Plc, Heritage Bank Plc, and FCMB Bank Plc.

The applicants prayed the court to order the banks to appear before it within 14 days of service to show cause why they should not pay over to the judgment creditor the N1 billion owed them by Imo state government.

The respondents are Attorney-General of Imo State, Environmental Transformation Committee (Imo Entraco) and The Ministry of Environment, Imo State.

The leave followed the March 8 decision of the Supreme Court that affirmed the judgment of the Court of Appeal Owerri which ordered the state defendants to pay the N1 billion contract debt owed the applicants.

The apex court held that the appeal filed by the Imo state government and Gov. Rochas Okorocha challenging the judgment of the lower court was not meritorious.

The court therefore, went ahead to order the Imo State Governor and the other appellants in the appeal to immediately pay the firm and its promoter, Egbuchulam the judgment sum.

NAN reports that the judgment sum was an outstanding amount left unpaid in a contract awarded to the company in 2008 under the administration of the state’s former governor, Ikedi Ohakim.

The apex court went ahead to dismiss the appeal and awarded N500, 000 cost against the state government.

The company and its promoter were contracted by Ohakim’s administration which Okorocha succeeded to implement the state’s Clean and Green Initiative.

The firm was awarded a contract to supply 10 million refuse bags and 40,000 plastic rolling containers at N42 per bag and N20 per plastic container.


https://www.independent.ng/n1bn-imo-debt-17-banks-in-trouble-full-list/amp/?fbclid=IwAR3v4rdscRmwJbDJnrFqSC83113SQ4bLSUligCgEdwdfrpOrZaYOeooNKmw

It is the handworks of the same Rochas Okorocha that is aspiring for President of the federal republic of Nigeria most probably come 2023.

If he can plunder Imo state to penury, he definitely will do worst thing at the federal level.

Rochas Okorocha was not a role model.

Interesting...

Raise your hands if you're waiting for the usual GTBank level?

Wetin-dem-use-all-the-money-do?

wink2015:


It is the handworks of the same Rochas Okorocha that is aspiring for President of the federal republic of Nigeria most probably come 2023.

If he can plunder Imo state to penury, he definitely will do worst thing at the federal level.

Rochas Okorocha was not a role model.

Okorohausa can not aspire for president.. he doesn't have the capability and capacity to do it

It is problems with Nigeria political class not wanting to continue their predecessor job and not wanting to pay outstanding debt and liabilities except the creditor come cap in hand

dotun4luv:
I have been a fan of this forum for almost 6 years and I have never made the front-page. Woow!

I'll personally dedicate this to God Almighty who made it possible at last. To my lovely mom, a woman of valor, my Dad... His real resemblance finally made it to Nairaland front-page. And to all legit hustler out there... More grease to our elbow...


Congratulations to me.





Modified!

Omo see Achievement

Mzee1Kahuna:
Wetin-dem-use-all-the-money-do?

Statues of course abi u no know each one cost N250M. All these scammers in the clothing of rulers.