ADVERTISEMENT
The Moment Nigeria
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport
No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport
No Result
View All Result
The Moment Nigeria
No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport

Court freezes Seplat co-founder Dr ABC Orjiako’s accounts and assets

by Usman Kadri
August 10, 2023
Reading Time: 2 mins read
Court freezes Seplat co-founder Dr ABC Orjiako’s accounts and assets

Orjiako

Share on FacebookShare on TwitterShare on WhatsappShare on LinkedIn

Accounts and assets belonging to businessman and Seplat co-founder, Dr. ABC Orjiako has been frozen by a Federal High Court sitting in Lagos, over alleged indebtedness to Access Bank Plc.

Justice Nicholas Oweibo granted the order while ruling on an ex-parte application by the bank in suit FHC/L/BK/08/2023.

Orjiako, his agents, servants and/or privies or any other person or group of persons whatsoever, under his authority or any other authority, have been barred from operating, withdrawing from or otherwise tampering and/or dealing with his funds in any bank and/or financial institution within Nigeria, pending the hearing and determination of the motion on notice for the appointment of a Special Manager filed along herein.

RELATED STORIES

Police arraign Ghanaian over alleged N7.4m visa fraud

June 17, 2025
Viral ‘gun’ video: Pastor Paul Adefarasin in Police custody

Viral ‘gun’ video: Pastor Paul Adefarasin in Police custody

June 17, 2025

His former employers and his other investment vehicles have also been barred from having anything to do with him financially until his alleged indebtedness is cleared.

Respondents in the suit are Helko Nigeria Limited, Neymeth International, Pharmaceuticals Plc, Salvic Petroleum Resources Limited, and Zebbra Energy Limited, among others.

The court ruled;

“That an interim order is hereby ordered restraining the debtor (Orjiakor), his agents, servants and/or privies or any other person or group of persons whatsoever under his authority or any other authority (howsoever derived or sourced) from operating, withdrawing from or otherwise tampering and/or dealing with his funds in any bank and/or financial institution within Nigeria pending the hearing and determination of the Motion on Notice for the appointment of a Special Manager filed along herein.

“That a consequential order is hereby made, directing and/or compelling all banks/financial institutions harbouring the debtor’s (Orjiako) account(s) to depose to oath the sums standing to the credit of the debtor in their custody within seven days from being served with a copy of the order of the court directly or via proxy) in their custody and/or in the custody of any bank/financial institution pending the hearing and final determination of the Motion on Notice for the appointment of a Special Manager filed along herein.

“That an order is, hereby, made authorizing the creditor herein to take over and preserve all the assets of the debtor, whether same may be found, specifically the following properties belonging to the debtor be it directly or via proxy.”

Next Post
Heritage Bank battles controversial businessman, Tunde Ayeni over N40bn debt

Heritage Bank battles controversial businessman, Tunde Ayeni over N40bn debt

More Articles...

Adebayo Salami to release movie celebrating 60 years in Nollywood

Adebayo Salami to release movie celebrating 60 years in Nollywood

June 17, 2025

Police arraign Ghanaian over alleged N7.4m visa fraud

June 17, 2025
Viral ‘gun’ video: Pastor Paul Adefarasin in Police custody

Viral ‘gun’ video: Pastor Paul Adefarasin in Police custody

June 17, 2025
Tony Elumelu

Tony Elumelu’s UBA Faces Backlash Over N180.5m Customer Loss In System Failure

June 17, 2025
Fidelity Bank ED, Kevin Ugwuoke takes over as President of Risk Managers Association

Fidelity Bank ED, Kevin Ugwuoke takes over as President of Risk Managers Association

June 15, 2025
Fargo Petroleum CEO, Seun Ogunbambo wanted by EFCC over N976 million fraud

Fargo Petroleum CEO, Seun Ogunbambo wanted by EFCC over N976 million fraud

June 13, 2025

STANBIC IBTC ADVERT

About Us

Themomentng.com is an online community of reporters and social advocates dedicated to bringing you features, news reports by Africans, but from a global perspective.

Contact Us

+447771081433
+2348051966180(WhatsApp/SMS Only)
Email: themomentng@gmail.com

Categories

  • Business
  • Education
  • Entertainment
  • Events
  • Featured
  • Food
  • Foreign
  • Health
  • Interviews
  • Life and Styles
  • Metro
  • Motoring
  • News
  • Opinion
  • Politics
  • Religion
  • Society
  • Sport
  • Technology
  • Top Story

Follow Us

Facebook Twitter Instagram

Copyright © Themomentng.com. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport