The Federal High Court in Lagos has issued an order freezing all accounts and assets linked to Capital Trust Investments & Asset Management Limited and its principal, Seyi Oke.
The order prohibits commercial banks from releasing any funds or dealing with any assets belonging to the defendants, up to the value of N62 billion, which is the amount claimed by the plaintiffs.
This action stems from an alleged debt owed by Capital Trust Investments & Asset Management Limited, arising from an Irrevocable Standing Payment Order issued by the Sokoto State Government and an undertaking by Access Bank Plc.
The court has directed the banks to disclose the balances in the defendants’ accounts within seven days. Furthermore, the defendants are restrained from selling or transferring their properties, including those located in Abuja.
The court granted the order following an Exparte application filed by several plaintiffs represented by their counsel. Justice N. O. Dimgba granted the order after reviewing the application and supporting documents.
