Governor of Oyo State, Engr. Seyi Makinde
N3.5bn debt: Court orders freezing of Oyo State Govt accounts in 10 banks
The accounts of the Oyo State Government in ten commercial banks in the country have been frozen.
The freezing of the bank accounts is consequent upon the ruling of a High Court of the Federal Capital Territory, FCT, Abuja, on Monday.
The presiding judge, Justice A. O. Ebong, issued the ruling on a garnishee proceeding initiated by ex-council leaders in Oyo State, who were sacked on May 29, 2019 by Governor Seyi Makinde.
The other officials/agencies listed with Makinde as judgment debtors, by virtue of the May 7, 2021 judgment of the Supreme Court, are the Attorney-General, Commissioner for Local Government and Chieftaincy Affairs, Accountant-General of Oyo State, Speaker of the House of Assembly, the House of Assembly and the Oyo State Independent Electoral Commission (OYSIEC).
The Supreme Court had ruled in favour of the sacked local government chairmen and councillors in 2021 when they got a N4,874,889,425.60 judgment against Makinde and other officials/agencies of the state.
READ ALSO:
The garnishee proceeding was aimed at recovering the balance of N3,424,889,425.60 (N3.5 billion) which is outstanding from the actual judgment sum, from which Makinde paid only N1.5 billion in 2022.
The ex-council leaders were led by Bashorun Majeed Ajuwon in the proceedings.
What was outstanding in respect of the Supreme Court judgment was N3,374,889,425.60, but the Court of Appeal in Abuja added N50 million, which it awarded as cost against Makinde and others in a judgment on December 8, dismissing their appeal.
The banks in which the state government’s accounts were blocked are Zenith Bank, United Bank of Africa (UBA), Wema Bank, First Bank of Nigeria, Ecobank, Guaranty Trust Bank, Access Bank, Polaris Bank, Jaiz Bank and Union Bank.
Justice Ebong delivered the ruling on December 15 on a motion marked: BW/M/85/2023 but its certified true copy (CTC) was released on Monday.
He ordered the garnishees (the banks) to file affidavits and attend the court on the next adjourned date to show cause why the garnishee orders should not be made absolute.
The judge awarded N300,000.00 as cost against the judgment debtors, and ordered that a copy of the order be served on Makinde and others and adjourned till January 5, 2024, for hearing.
BREAKING: Super Eagles qualify for AFCON 2025 The Super Eagles of Nigeria have secured their…
Disaster averted as bird strike hits Abuja-Lagos Air Peace flight An Abuja-Lagos flight was…
NNPC achieves 1.8mbpd crude oil production The Nigerian National Petroleum Company Limited (NNPC Ltd) and…
BREAKING: FEC proposes N47.9 trillion budget for 2025 fiscal year The federal government has unveiled…
EFCC arrests ex-NCMB boss over $35m energy project fraud The Economic and Financial Crimes Commission (EFCC)…
FG gets fresh $134m loan from AfDB for agric projects The Federal Government has secured a…