Court Orders CBN to Freeze Polaris Bank Account Over N2b Judgement Debt - 9jaflaver



Light Dark

WELCOME TO 9JAFLAVER

PREMIUM BEATS  |  NEWS  |  BIG BROTHER TITANS  |  FUNNY PICTURES  |   INSTALL 9JAFLAVER MUSIC APP  |  TRENDING/HOTTEST SONGS  |  SPORTS  |  CELEBRITY GIST  |  MIXTAPE  |  JOKES  |  COMEDY VIDEOS  |  9JAFLAVER HANGOUT  |  NIGERIAN MUSIC ARTISTES  |  CRYPTO-CURRENCY MARKET



REPORT A PROBLEM (HERE)




Court Orders CBN to Freeze Polaris Bank Account Over N2b Judgement Debt



Court Orders CBN to Freeze Polaris Bank Account Over N2b Judgement Debt

The order was made by Justice Adebusoye in an application filed by Ondo Attorney General and Commissioner for Justice, Sir Charles Titiloye, for Ganishee order nisi attaching all the sums of indebtedness of Polaris Bank to Ondo state Government in a Judgement delivered in suit No AK/75/2017.

Titiloye had filed the application over alleged failure and neglect of the bank to meet the condition of the stay of execution of the judgment.

In the judgment, the Bank was held liable for mismanaging the account of Ondo Ministry for Local Government and Chieftaincy affairs.

The trial Court, in its judgment, held that Polaris Bank made unlawful deductions from the Government account with the bank and ordered a refund and payment of damages.

A stay of execution of its Judgment was also granted pending appeal on the condition that the bank made payment of the judgement debt to an account held by the Registrar of the Court.

Following failure and neglect of the bank to meet the condition of the stay of execution of the judgment, Justice Adebusoye granted leave to the State Government to garnish the account of Polaris Bank with Central Bank of Nigeria for the payment of the judgment sum.

Further hearing in matter was adjourned to Monday, January 16, 2021


 Whatsapp  Twitter  Facebook


Who Are You Voting To Be Your Next President? (GET IN HERE)


REPORT A PROBLEM YOU ARE FACING ON THIS WEBSITE SO WE CAN FIX IT (CLICK HERE)



CLICK HERE TO COMMENT ON THIS POST

CLICK HERE TO READ COMMENTS

Promote Music, Video, Comedy Skit On 9jaflaver
Call: +2348143945195 Or +2348173379226

Whatsapp: +2348143945195












Comment Below:-

Enter Name Below (Optional)

         
Enter Comment Below:-





Promoted Songs






DMCA.com Protection Status

© 2014-2023 9jaflaver. All Rights Reserved.


About us | DMCA | Privacy Policy | Contact us

| Advertise| Request For Music | Terms Of Service


9jaflaver is not responsible for the content of external sites.