Court blocks Oyo State Goverment’s accounts in four banks over N3.4bn debt

Court blocks Oyo State Goverment’s accounts in four banks over N3.4bn debt

A High Court of the Federal Capital Territory (FCT), Abuja has issued an order attaching funds standing to the credit of Oyo State Government and its agencies in four banks.

Justice A. O. Ebong issued the order while ruling on a motion ex-parte for garnishee order nisi filed by the ex-chairmen and councillors led by Bashorun Majeed, Bosun Ajuwon and Idris Okusesi.
The News Agency of Nigeria (NAN) reports that the affected banks are First Bank, United Bank for Africa (UBA), Wema Bank and Zenith Bank.

Justice Ebong ordered the banks to show cause why the order nisi should not be made absolute.

The ruling on the motion marked: FCT/HC/BW/M/238/2023, was delivered by the judge on March 2 and a certified true copy (CTC) sighted on Sunday in Abuja.
The funds, according to court filings, are to settle the outstanding balance of N3,374,889,425.60 from the judgment debt owed some former Local Government chairmen and councillors…
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